Empire Industries (NSE:EMPIND) 10-Year ROIIC % : 9.58% (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

NSE:EMPIND Empire Industries Ltd NSE:EMPIND
63 GF Score
Price ₹1,173.30
GF Value ₹1,411.37
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Empire Industries 10-Year ROIIC %?

Empire Industries NSE:EMPIND 63 10-Year ROIIC % is 9.58 as of Mar. 2026. GuruFocus rates NSE:EMPIND with a GF Score™ of 63/100 and a GF Value™ of ₹1,411.37 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 492 Conglomerates companies, Empire Industries ranks better than 75.61% on this metric.

10-Year Return on Invested Incremental Capital (10-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 10-year. Empire Industries's 10-Year ROIIC % for the quarter that ended in Mar. 2026 was 9.58%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

The industry rank for Empire Industries's 10-Year ROIIC % or its related term are showing as below:

NSE:EMPIND's 10-Year ROIIC % is ranked better than
75.61% of 492 companies
in the Conglomerates industry
Industry Median: 2.51 vs NSE:EMPIND: 9.58

Empire Industries  (NSE:EMPIND) 10-Year ROIIC % Explanation

Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.

High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

Be Aware

It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.


Empire Industries 10-Year ROIIC % Related Terms


Empire Industries 10-Year ROIIC % Historical Data

* Premium members only.

The historical data trend for Empire Industries's 10-Year ROIIC % 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.

Empire Industries 10-Year ROIIC % Chart

Empire Industries Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
10-Year ROIIC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.38 5.31 -0.62 3.53 9.58

Empire Industries Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
10-Year ROIIC % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.53 0.00 0.00 0.00 9.58

NSE:EMPIND vs : 10-Year ROIIC % Comparison

For the Conglomerates subindustry, Empire Industries's 10-Year ROIIC %, along with its competitors' market caps and 10-Year ROIIC % 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 10-Year ROIIC % vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Empire Industries's 10-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where Empire Industries's 10-Year ROIIC % falls into.


NSE:EMPIND
63GF Score
Empire Industries Ltd NSE:EMPIND
10-Year ROIIC % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Empire Industries 10-Year ROIIC % Calculation

Empire Industries's 10-Year ROIIC % for the quarter that ended in Mar. 2026 is calculated as:

10-Year ROIIC %=10-Year Incremental Net Operating Profit After Taxes (NOPAT)**/10-Year Incremental Invested Capital**
=( 602.9656663 (Mar. 2026) - 337.5779484 (Mar. 2016) )/( 6525.628 (Mar. 2026) - 3754.71 (Mar. 2016) )
=265.3877179/2770.918
=9.58%***

* 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.

** Annual data of NOPAT and Invested Capital was used to calculate 10-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.

Frequently Asked Questions Learn more about 10-Year ROIIC % →
What does a 10-Year ROIIC % of 9.58 mean?
Empire Industries (NSE:EMPIND) has a 10-Year ROIIC % of 9.58 as of Mar. 2026. 10-Year ROIIC % measures the change in earnings as a percentage of change in investment over 10-year. View historical data on Empire Industries and its competitors. According to the industry distribution chart, Empire Industries ranks #120 out of 492 companies in the Conglomerates industry, placing it in the top 24.4%.
Is Empire Industries' 10-Year ROIIC % too high?
Empire Industries' current 10-Year ROIIC % is 9.58. The Conglomerates industry median 10-Year ROIIC % is 2.51. Empire Industries' value of 9.58 is 281.7% above this industry median. Based on the distribution chart, Empire Industries ranks #120 out of 492 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 63/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Empire Industries' 10-Year ROIIC % compare to ?
According to the Conglomerates industry distribution chart, Empire Industries ranks #120 out of 492 companies for 10-Year ROIIC %. This places Empire Industries in the top 24% of its industry — outperforming the majority of peers. The industry median 10-Year ROIIC % is 2.51. Empire Industries' value of 9.58 is 281.7% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 10-Year ROIIC % for a Conglomerates company?
The median 10-Year ROIIC % among Conglomerates companies is 2.51, based on 492 companies in the industry. Companies in the top quartile (top 25%) have a 10-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 10-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Empire Industries's current 10-Year ROIIC % of 9.58 is 281.7% 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 10-Year ROIIC % mean?
A high 10-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 10-Year ROIIC % measures the change in earnings as a percentage of change in investment over 10-year. View historical data on Empire Industries and its competitors. For the Conglomerates industry, the median 10-Year ROIIC % is 2.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Empire Industries's current 10-Year ROIIC % is 9.58. 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 (NSE:EMPIND) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹1,411.37, compared to a current price of ₹1,173.30 — trading 16.9% below its estimated fair value. The current 10-Year ROIIC % is 9.58 and 281.7% above the Conglomerates industry median of 2.51. Empire Industries' overall GF Score™ is 63/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 10-Year ROIIC % calculated?
10-Year ROIIC % is calculated from a company's financial statements. For Empire Industries (NSE:EMPIND), the current 10-Year ROIIC % is 9.58 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 (NSE:EMPIND) Overvalued in 2026?

Based on GuruFocus' analysis, Empire Industries stock appears to be undervalued. The current stock price of ₹1,173.30 is trading 16.9% below its estimated GF Value™ of ₹1,411.37. GuruFocus considers Empire Industries to be Modestly Undervalued.

Key valuation signals for NSE:EMPIND:

  • 10-Year ROIIC %: 9.58
  • GF Value™: ₹1,411.37 vs. price of ₹1,173.30 (16.9% below fair value)
  • GF Score™: 63/100 with 5 warning signs
  • Industry Position: 281.7% above the Conglomerates median (#120 of 492)

No single metric tells the full story. See the NSE:EMPIND stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Empire Industries Business Description

Comparable Companies
Other Exchanges 509525:India
Address 414, Senapati Bapat Marg, Empire Complex, Lower Parel, Mumbai, MH, IND, 400 013
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.
63GF Score

Get the complete analysis for NSE:EMPIND

10-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹1,173.30
Price
₹1,411.37
GF Value