RATING

RECOMMENDATION

Buy

  • ROFR Required
  • Available in Depository:

  • NSDL

  • CDSL

  • Available for Investment:

  • Primary

  • Secondary

RATING

RECOMMENDATION

Buy

Business Type

Emerging Leader

RATING

RECOMMENDATION

Buy

Business Type

Emerging Leader

Get info on EMPIRE SPICES stock price before buying, selling and investing - Read our Research report on EMPIRE SPICES management For Information like - Management, Business Model, Financials, Growth, Valuations, Funding Rounds, News.

ISIN

INE041101010

Face Value

₹10.00

Total Share

48,40,630

Total Income

₹239.83 Cr

Profit After Tax

₹13.14 Cr

EPS

₹27.15

P/E

16.76

P/B

4.47

Market Capitalisation

₹220.25 Cr

Enterprise Value

₹242.90 Cr

Book Value

₹101.89

Intrinsic Value

₹522.00

Dividend Yield

0.33 %

Earnings Yield

5.97 %

Sector

Consumer Staples

Sub-sector

FMCG - Foods/Household/Personal Products

Category

Micro Cap

Cashflow - Operations

₹28.45 Cr

Cashflow - Financing

-₹16.11 Cr

EMPIRE SPICES Growth

Compounded Sales Growth

  • 31.45%

    1 Year

  • 17.69%

    2 Year

  • 13.30%

    3 Year

Pro Only

Compounded Profit Growth

  • 75.78%

    1 Year

  • 27.04%

    2 Year

  • 35.92%

    3 Year

Pro Only

Return On Equity

  • 26.65%

    2021

  • 18.85%

    2020

  • 25.96%

    2019

Pro Only

About EMPIRE SPICES

  • Empire Spices and Food Limited is an unlisted public company located in Mumbai City, Maharashtra. The company is the manufacturer and trader of cooking spices, garam masala, Indian spices, masala papad, snacks masala, pickle masala, vegetable pickles.
  • The manufacturing plant is located in Mumbai, Maharashtra. 
  • The journey began from a small shop in the holy city of Nashik in Maharashtra. The sheer quality and the taste of the exotic spice blends developed soon became a favorite with the masses and necessitated the formation of a dedicated manufacturing unit to fulfill the market demand. It became the stepping stone of the renowned brand of spices – Ram Bandhu Masal
  • Gradually the demand and popularity of Ram Bandhu Masale started spreading to other cities of Maharashtra. With continual expansion a public limited company was established in 1994 with the name of “Empire Spices and Foods Ltd.”.

  • EMPIRE SPICES IPO Details

Currently,company has no intention to launch IPO.

  • EMPIRE SPICES Subsidiaries

The company does not have any subsidiary or joint venture or associated company.

  • EMPIRE SPICES Revenue Segmentation

  • Revenue from Sale of Manufactured food Products
  • Other Income
  • Revenue from sale of traded food products
  • EMPIRE SPICES Product & Services

Brands under Empire Spices & Food Limited:

  • Ram Bandhu
  • Temptin
  • RBM
  • Zaiqa


Products

  • Ground Spices
  • Blended Spices
  • Masale
  • Pickle
  • Papad
  • Sauces & Pastes
  • Chinese Spices
  • Hing
  • Snacks
  • EMPIRE SPICES Assets

Tangible Assets as on March 2021:

AssetsAmount in (Cr.)
Freehold LandRs.6.79
Plants and EquipmentRs. 23.97
BuildingsRs. 34.90
VehiclesRs.1.03

Intangible Assets as on March 2021:

Assets  Amount in (Cr.)
Software'sRs. 0.93
Brands and LicensesRs. 0.28


  • EMPIRE SPICES Industry Overview

Industry Statistics

  • India is ‘The Land of Spices’ and the glory of Indian spices are known throughout the world. Indian spices are popularly known for their flavor and aroma in domestic as well as in the international markets. Spices are heart of Indian cooking. Out of 109 spices listed by ISO (International Standards Organization), India produces around 75 spices in its various climatic regions.
  • In FY20, spices worth US$ 3.62 billion were exported. Export of spices has increased significantly to Rs.122.73 billion in April – Sep 2020 from Rs.105.89 billion in April- Sep 2019.
  • Top exported spices are Chilli, Cumin, Mint product, Spice Oils & Oleoresins and Turmeric. Spices export value stood at US$ 3.65 billion in FY20, witnessing a growth of 10% y-o-y (year on year ). The increasing demand for innovative flavors, authentic cuisines, and ethnic tastes in foods and snacks is augmenting the market for spices in India. Moreover, the increasing penetration of western food trends is further catalyzing the demand for a variety of newer spices.
  • As per the spices board India exports of spices and other value-added products during six months of FY21 stood at 7 lakh tones.
  • Major merchants of Indian spices are US, Vietnam, China, UAE, Iran, Thailand, UK, Saudi Arabia, Malaysia and Germany. India is one of the leading exporter of organic spices throughout the world. 
  • The Spices Board Act,1986 is the primary legislation in the county that governs all the function related to research, export, quality services etc.in our country.
  • Companies like  Everest, MDH , Catch, KBM Gai Chaap Masala are key competitors of the company. 

Future Prospects

  • India is the largest producer as well as shopper of spices within the world. As per the report of CARE ratings on spices sector of India, the spices market is expected to grow with a compound annual growth rate of 5.10% during the forecast period of CY 2020-2025.

Government Initiatives

  • The programes under the scheme ‘Export Development and Promotion’ aims to support exporters to adopt high tech processing technologies or to upgrade existing level of technologies for high end value addition and to develop capabilities to meet the changing food safety standards in the importing countries. The scheme also caters to promoting the Indian spices exporter by assisting them in promotion of Indian Goods in International Trade Fairs, Seminars, etc. by reimbursing their  expenditure on the same.
  • The Spices Board of India works towards the development and worldwide promotion of Indian spices. It provides quality control and certification, registers exporters, documents trade information and provides inputs to the central government on policy matters. The board participates in major international fairs and food exhibitions to promote Indian spices, apart from organising various domestic events.
  • Availability of spice varieties rich in intrinsic qualities required for value addition reportedly is the major reason for setting up units in other countries as well as for the import of spices. Collaborative efforts of Directorate of Arecanut and Spices Development (DASD), ICAR-Indian Institute of Spices Research, Spices Board and industry have resulted in identification and mapping of spice varieties rich in intrinsic qualities and a project for area expansion is being taken up with the ministry of agriculture.
  • The Food Safety and Standards Authority of India (FSSAI) plans to invest around Rs 482 crore (US$ 72.3 mn) to strengthen the food testing infrastructure in India, by upgrading 59 existing food testing laboratories and setting up 62 new mobile testing labs across the country.
  • The Ministry of Food Processing Industries announced a scheme for Human Resource Development (HRD) in the food processing sector. The HRD scheme is being implemented through State Governments under the National Mission on Food Processing. The scheme has the following four components:
  • Creation of infrastructure facilities for degree/diploma courses in food processing sector
  • Entrepreneurship Development Programme (EDP)
  • Food Processing Training Centres (FPTC)
  • Training at recognised institutions at State/National level

EMPIRE SPICES Strengths

  • The product line is extensively deep and wide which gives customers many options. To name a few products like Blended spices, Pickels, Papad, sauces and pastes  etc. are available in the product portfolio of the brand. This gives customer a one stop destination for all their requirement. 
  • The company is primarily focused to build strong online presence in the market through their e-commerce website -rambandhu.com which provides deeper penetration. 

EMPIRE SPICES Shortcomings

  • Lack of focus on quality and safety standards; and not having enough of product development and innovation.
  • The company is unable to attract many social media users as potential customers due to lack of running online campaigns, contests or magazines. Less advertisement expense than the competitors led to limited ability to attract new consumers on the platform.

EMPIRE SPICES Opportunities

  • The brand has the opportunity to further expand in the home nation where it is loved the most which is expected to increase the customer base and popularity in other parts of India.
  • There is a huge opportunity if company connects with hotels, resorts, restaurants through which they can promote their products all over India. 
  • Exports of spices and other value-added products during six months of FY21 stood at 7 lakh tones. The export of fenugreek, coriander and other seed spices such as mustard, aniseed, dill seed, etc., had grown substantially contributing to the spices export basket. it's great opportunity for the company to expand business globally.
  • India spices powder and blended spices market is segmented based on product type, type, distribution channel and region. Based on product type, the market is categorized into kitchen king & sabji masala, garam masala, non-veg masala, chole & channa masala, sambhar & rasham masala, pavbhaji masala, tea masala, biryani/pulao masala, jaljeera masala, and others. Among these, kitchen king & sabji masala held the dominant share in 2020 and the trend is forecast to continue through 2025.

EMPIRE SPICES Threats

  • The circumstance of Indian cultivation today isn't down to earth – soil prosperity is depleting, water resources are spoiling and winding up logically more polluted by the unusual use of agrochemicals and agriculturist employments are truly and unfairly influenced by natural change and unavoidable misfortunes.
  • Consumers in India are more persuaded with the western ways and are convinced that Indian snack like papad is unhealthy, dipped in oil which consistently poses a challenge for the brand to attract the customers
  • Lack of mindfulness among farmers of the most recent innovations in production and post-collect tasks.
  • In India, the spice region makes a principal duty to the economy and to the occupations of an immense number of little scale farmers. Around 98% of the spice production in India is by little scale farmers, who customarily develop under two hectare and frequently turn the creating of spices close-by various yields. 
EMPIRE SPICES Rating

  • RECOMMENDATION

    Buy

  • EMPIRE SPICES Detail Info

Industry Statistics

PRIVATE LIMITED

Registered In

India

last Updated

21/12/2021

Registered Date

02/09/1994

Planify Ticker

Empire Spices

Reg Office: Empire House, Plot No.30, 5th Crossing, Govind Nagar, Nashik, Maharashtra 422007

Visit Website

Frequently Ask Questions

Please find below the procedure for buying stock_name_auto Unlisted Shares at Planify.
• 1. You confirm booking of stock_name_auto Unlisted Shares with us at a trading price.
• 2. You provide your client master report (ask the broker if not available) along with PAN Card and Cancelled Cheque in case you are not transferring funds from the bank account as mentioned in the CMR Copy. These are KYC documents required as per SEBI regulations.
• 3. We will provide the bank details.
• 4. You need to transfer funds in that account.
• 5. Payment has to be done in RTGS/NEFT/IMPS CHEQUE TRANSFER. No CASH DEPOSIT.
• 6. Payment has to be done from the same account in which shares are to be credited.
• 7. We will transfer the shares in 24 hours if funds are credited before 2 pm.
Important Note: Please note that the lock-in period for selling stock_name_auto Unlisted Shares is 6 months after listing. Hence you can’t sell stock_name_auto Unlisted Shares which you bought in Pre-IPO for 6 months after its listing. i.e. You can sell it only after 6 months calculated from the listing date.

Please find below the procedure for selling stock_name_auto Unlisted Shares at Planify.
• 1. We will confirm our buying price of stock_name_auto Unlisted Shares.
• 2. We will give you our client master report and you will transfer the stock_name_auto Unlisted Shares to our demat account.
• 3. We will ask for bank details of yours once the stock_name_auto Unlisted Shares are received in our demat account..
• 4. We will transfer the funds in your bank account within 24 hrs of receiving the stock_name_auto Unlisted Shares.
• 5. Payment will be made in RTGS / NEFT / CHEQUE TRANSFER/IMPS. No CASH DEPOSIT.
• 6. Payment will be given in the same account which is linked to demat account or you need to provide the cancelled cheque shows your name to verify. As per SEBI regulations, the transfer of funds in the third party account is not legal and our policy refrain us from doing so.
Note: The price at which we are buying the share is fixed for 3 days. If you cant sell your stock within 3 days, then the price of that day will be applicable when we receive shares in our demat.

Lock-in period of stock_name_auto Unlisted Shares depends upon category of investors.
• 1. Venture Capital Funds or Alternate Investment Fund of Category -I or II, or Foreign Venture Capital Investor - lock-in Period of 6 months from the date of acquisition of stock_name_auto Unlisted Shares.
• 2. Other Investors (include Retail, HNIs or Body Corporate) lock-in Period of 6 months from the date of listing of IPO of stock_name_auto Unlisted Shares.
This new SEBI rule was introduced in the month of August-2021, wherein the SEBI has reduced the lock-in period previously from 1 year to 6 months to encourage more and more funds to be invested in startups which are going to public or IPO in near future. Reduction of lock-in is seen as big step and after that many PMS funds are advising their clients to invest in Pre-IPO shares to get the benefit of early stage investment.

DIS - Delivery Instruction Slip is the way through which an investor can sell or transfer the stock_name_auto Unlisted Shares from his/her demat account to any other demat account. There are two Types of DIS Slip.
1. Offline-DIS - This is an offline mode of transfer of shares wherein the investors needs to fill DIS form and give it to their broker for transferring the shares. Following are the fields which are required to be filled.
• a. ISIN number of stock_name_auto Unlisted Shares.
• b. Name of stock_name_auto Unlisted Shares
• c. Quantity of stock_name_auto Unlisted Shares
• d. Cosideration Amount
• e. Target DP ID and Client ID
• f. Annexure
2. Online DIS - Some of the broker these days gives facility of transferring the stock_name_auto Unlisted Shares via online DIS. So, please check with your broker whether such facility is available or not. For example: Angel Broking proivdes the facility of Online-DIS from its platform. As an investor he/she simply needs to add a beneficiary into it and send the stock_name_auto Unlisted Shares by filling the details similar to Ofline-DIS.

In the last 4-5 years, the unlisted share market has become quite big and as a result of that, the ticket size has reduced from usual 5-10 Lac to 35-50k in today's scenario. So, via our Planify platform, if somebody wants to buy stock_name_auto Unlisted Shares then minimum investment would be 35-50k.

Yes, buying and selling of unlisted shares in India is 100% legal.

If you sell your shares within 2 years, then you will have to pay Short-term Capital gain on unlisted shares. Short-Term Capital Gain is added in your Income. So, as per individual tax slab you need to pay capital gain tax.

If you sell your shares after 2 years, then you will have to pay Long-term Capital gain on unlisted shares LTCG is 20% with indexation benefits.

Taxes will remain the same irrespective of listing of shares, if bought in unlisted market. Actually, to be eligible for taxes as per listed market, one has to pay STT on buying and selling of shares. But, if you buy in unlisted and sell in listed market, one pay STT only on selling so, taxes of listed market will not be applicable.

If you buy stock_name_auto Unlisted Shares from Planify then these shares can checked in two ways. However, before we tell you the process of checking of shares, it is intimated that as per SEBI regulations, the shares can be transferred in demat account only.
Check credit of stock_name_auto Unlisted Shares Instantly?
• 1.You can download the NSDL or CDSL application from google play-store and check. If you want to check whether your stock broker is registered with NSDL or CDSL then check the following procedure.
• By carefully examining the number format of Demat Account we can easily identify whether the stock broker is registered with CDSL or NSDL.
• Demat Account = DP ID + Client ID. (16 Characters )
• "DP ID is the unique identification of the Broker. Every broker gets a unique number from CDSL or NSDL.By carefully examining the number format of Demat Account we can easily identify whether the stock broker is registered with CDSL or NSDL.
• Client ID is the unique identification of the Client. Every client gets this unique number which represents his/her portfolio.
• In CDSL, all these characters are numbers (1234567891234567) first 8 digits are DP ID and next 8 digits are Client Id whereas in NSDL the first two characters are letters which are in accordance with the country that you are from (IN12345678912345), then 6 unique digits for Broker and next 8 digits are client ID.
• Example:
• CDSL = 12345678(DP ID) and 91234567(Client ID).
• NSDL = IN123456 (DP ID) and 78912345(Client ID).
• Check in brokers application?
• Credit of stock_name_auto Unlisted Shares can be checked in brokers application as well but it takes T+2 days to show the shares.

The stock_name_auto Unlisted Shares are credited in demat account same day of transferring funds in our company's bank account.

The price of stock_name_auto Unlisted Shares can be checked in two ways. First, you can join our telegram channel where on daily basis we share the latest prices of all the unlisted shares in the morning and secondly, you can register on Planify.live platform to see the historical graphs and prices of all the shares at one place.

If you see the thesis of investment in the unlisted shares then it is being done mainly to take the advantage of IPO market. And, if the IPO plans of company get delayed due to market conditions or any other reason then demand suddenly drops in the market. The unlisted market works mainly on demand and supply and if there is no IPO news then getting exit would be difficult.

"Planify is India's fastest and leading marketplace to buy and sell unlisted shares. In the last 3 years, we have already served more than 1 million users on the platform. The total transactions value done from the platform is already more than 100 Crores. The name of our Co-founders Mr. Umesh Paliwal and Dinesh Gupta publish regularly in leading newspapers like MoneyControl, Business-Standard, ET etc for their views on IPO and Unlisted market. In the last 3 years, Planify has made a good name for itself in the industry and gained a trust of their users. So, the new investors should not be worried about any kind of fraud that is mostly happens with unkown brokers in the market while doing investment with Planify."

We at Planify do the valuation based on 2 methods.
• 1. We check the last funding that is being done in the stock_name_auto Unlisted Shares to ascertain the benchmark valuation.
• 2. If there is no funding happened in the company, then we try to find a business similar to stock_name_auto Unlisted Shares in the listed space and do comparison method to ascertain the valuation.
As an investor in the unlisted space, we would always recommend that you must check all the risk parameter carefully before investing in the unlisted space.

We source shares either from the employees or initial investors looking to liquidate their stock_name_auto Unlisted Shares.

Pre-IPO shares means which are planning for an IPO in near future. So, all the shares which are traded on the platform are not Pre-IPO Shares. However, if the company's business is going good and then demand will always be there in the unlisted space, so even if the IPO does not come, the investors can easily liquidate their stock_name_auto Unlisted Shares in the unlisted market itself.

Rules and regulations of SEBI are applicable in the Unlisted space like lock-in period of 6 months, paying of Stamp Duty, and DP Charges for every transaction etc. However, to become an unlisted broker there is no such regulation by SEBI as of yet.

For tracking news and other information about stock_name_auto Unlisted Shares, one can visit our website wherein we post news and other information on daily basis and one can also join our telegram channel.

Fundamental & Comparative valuation models and the forces of demand and supply in the market for unlisted shares dictate the price. These prices are based on our estimates and transaction history of stock_name_auto Ltd unlisted share.

We can generally arrange lot sizes starting with an investment of INR 20,000. To confirm the lot sizes of stock_name_auto Ltd unlisted shares with us.

The financials of stock_name_auto Ltd which includes the P/L of stock_name_auto Ltd and the Balance Sheet of stock_name_auto Ltd is in the financials section.

The annual report of stock_name_auto Ltd is available in the annual report section.