Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Empire IndustriesBOM:509525 +4.23%69 ROE % is 21.57% as of Mar. 2026, which is 56% above its 10-year median of 13.85. GuruFocus rates BOM:509525 with a GF Score™ of 69/100 and a GF Value™ of ₹1,396.33 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 560 Conglomerates companies, Empire Industries ranks better than 84.82% on this metric.
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
Empire Industries ROE % Related Terms
Empire Industries ROE % Historical Data
* Premium members only.
The historical data trend for Empire Industries's ROE % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Conglomerates subindustry, Empire Industries's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Empire Industries ROE % vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Empire Industries's ROE % distribution charts can be found below:
* The bar in red indicates where Empire Industries's ROE % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
ROE % is displayed in the 30-year financial page.
Empire Industries (BOM:509525) has a ROE % of 21.57% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Empire Industries and its competitors. This is 56% above median its historical median of 13.85. Over the past decade, Empire Industries' ROE % has ranged from 5.49 to 23.61. According to the industry distribution chart, Empire Industries ranks #85 out of 560 companies in the Conglomerates industry, placing it in the top 15.2%.
Is Empire Industries' ROE % too high?
Empire Industries' current ROE % of 21.57% is 56% above median its 10-year median of 13.85. Over the past 10 years, this metric has ranged from a low of 5.49 to a high of 23.61. The Conglomerates industry median ROE % is 6.07. Empire Industries' value of 21.57% is 255.4% above this industry median. Based on the distribution chart, Empire Industries ranks #85 out of 560 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers. Overall, Empire Industries has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Empire Industries' ROE % compare to MMM and HON?
According to the Conglomerates industry distribution chart, Empire Industries ranks #85 out of 560 companies for ROE %. This places Empire Industries in the top 15% of its industry — outperforming the majority of peers. The industry median ROE % is 6.07. Empire Industries' value of 21.57% is 255.4% above this benchmark. Historically, Empire Industries' own ROE % has ranged from 5.49 to 23.61 over the past decade. While the company's 10-year median is 13.85 vs. the industry median of 6.07, Empire Industries has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for a Conglomerates company?
The median ROE % among Conglomerates companies is 6.07, based on 560 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Empire Industries's current ROE % of 21.57% is 255.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Empire Industries and its competitors. For the Conglomerates industry, the median ROE % is 6.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Empire Industries's current ROE % is 21.57%, which is 56% above median its own 10-year median of 13.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Empire Industries stock overvalued right now?
Based on GuruFocus' analysis, Empire Industries (BOM:509525) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹1,396.33, compared to a current price of ₹1,072.80 — trading 23.2% below its estimated fair value. The current ROE % is 21.57%, which is 56% above median its 10-year median of 13.85 and 255.4% above the Conglomerates industry median of 6.07. Empire Industries' overall GF Score™ is 69/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Empire Industries (BOM:509525), the current ROE % is 21.57% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Empire Industries (BOM:509525) Overvalued in 2026?
Based on GuruFocus' analysis, Empire Industries stock appears to be undervalued.
The current stock price of ₹1,072.80 is trading 23.2% below its estimated GF Value™ of ₹1,396.33.
GuruFocus considers Empire Industries to be Modestly Undervalued.
Key valuation signals for BOM:509525:
ROE %: 21.57% (56% above median its 10-year median of 13.85)
GF Value™: ₹1,396.33 vs. price of ₹1,072.80 (23.2% below fair value)
Industry Position: 255.4% above the Conglomerates median (#85 of 560)
No single metric tells the full story. See the BOM:509525 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Empire Industries Ltd is a multi-divisional company engaged in different businesses. Its segments are Manufacturing - comprising of manufacturing glass bottles; Trading, Business Support Services, Consultancy, Commission; and Property development. The company derives revenue from the business of manufacturing of container glass, trading in frozen foods, indenting and real estate. It also imports frozen foods from the market and distributes them to hotels, provides office space on a leave and license basis to companies and banks, develops residential, and provides workspace solutions to clients. The company operates in India and internationally.
69GF Score
Get the complete analysis for BOM:509525
ROE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BOM:509525 has been successfully added to your 
