---
title: "Empee Distilleries Ltd (EDL) — Share Price, Financials & Analysis"
symbol: "EDL"
company: "Empee Distilleries Ltd"
canonical: "https://tapetide.com/stocks/EDL"
sector: "Fast Moving Consumer Goods"
industry: "Beverages"
generated_at: "2026-09-13T19:24:20.505Z"
---

# Empee Distilleries Ltd (EDL)

Canonical page: https://tapetide.com/stocks/EDL

## Company

- **Sector:** Fast Moving Consumer Goods
- **Industry:** Beverages
- **Macro Sector:** Fast Moving Consumer Goods
- **Stock Type:** EQUITY
- **Listed Since:** 2007-11-26
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** empeegroup.co.in

## About

Empee Distilleries Limited is engaged in Indian-Made Foreign Liquor (IMFL) business.

## Latest Price

## Key Insights

### Strengths

- Stock is trading at 0.06 times its book value

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -34.0% over past five years.
- Company has a low return on equity of -26.4% over last 3 years.
- Contingent liabilities of Rs.56.2 Cr.
- Company has high debtors of 665 days.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 93% | — | — |
| revenue growth | -97% | -53% | -34% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 186.61 | 145.57 | 187.31 | 84.69 | 93.92 | 18.66 | 24.03 | 2.39 | 1.98 | 1.13 | 0.85 | 0.79 |
| Expenses | 181.72 | 139.74 | 185.21 | 88.16 | 96.69 | 28.07 | 61.52 | 2.29 | 2.23 | 2.39 | 3.54 | 1.63 |
| Operating Profit | 4.89 | 5.83 | 2.1 | -3.47 | -2.77 | -9.41 | -37.49 | 0.1 | -0.25 | -1.26 | -2.69 | -0.84 |
| OPM % | 2.62 | 4 | 1.12 | -4.1 | -2.95 | -50.43 | -156.01 | 4.18 | -12.63 | -111.5 | -316.47 | -106.33 |
| Other Income | -20.47 | 0.28 | 0.14 | 0.18 | -0.03 | 6.78 | 4.6 | 0 | 0 | 0.9 | 3.92 | 0.01 |
| Interest | 9.37 | 8.12 | 9.41 | 10.22 | 12.03 | 11.29 | 13.01 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 2.36 | 3.14 | -1.54 | 0.8 | 4.97 | 1.77 | 1.77 | 1.84 | 1.79 | 1.68 | 1.68 | 1.68 |
| Profit before tax | -27.31 | -5.15 | -5.63 | -14.31 | -19.8 | -15.69 | -47.67 | -1.74 | -2.04 | -2.04 | -0.45 | -2.51 |
| Tax % | -75.76 | 0 | 1.24 | -7.06 | 165.45 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | -6.62 | -5.15 | -5.69 | -13.3 | -52.55 | -15.68 | -47.67 | -1.74 | -2.04 | -2.04 | -0.45 | -2.51 |
| EPS in Rs | -3.28 | -2.55 | -2.82 | -6.59 | -26.05 | -7.77 | -23.63 | -0.86 | -1.01 | -1.01 | -0.22 | -1.24 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2010 | Mar 2011 | Sep 2012 18m | Sep 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 266.03 | 287.28 | 464.86 | 270.05 | 502.95 | 320.93 | 241.63 | 229.14 | 33.76 | 4.75 |
| Expenses | 226.07 | 252.63 | 397.54 | 236.62 | 461.38 | 281.39 | 262.56 | 227.26 | 86.29 | 9.79 |
| Operating Profit | 39.96 | 34.65 | 67.32 | 33.43 | 41.57 | 39.54 | -20.93 | 1.88 | -52.53 | -5.04 |
| OPM % | 15.02 | 12.06 | 14.48 | 12.38 | 8.27 | 12.32 | -8.66 | 0.82 | -155.6 | -106.11 |
| Other Income | 2.82 | 14.85 | 8.92 | 5.59 | 2.99 | 1.86 | 38 | 0.57 | 13.62 | 4.83 |
| Interest | 10.47 | 15.27 | 26.59 | 23.6 | 35.11 | 25.04 | 30.36 | 39.96 | 20.94 | 0 |
| Depreciation | 6.09 | 6.26 | 10.25 | 9.68 | 11.78 | 12.98 | 2.75 | 7.37 | 7.17 | 6.83 |
| Profit before tax | 26.22 | 27.97 | 39.4 | 5.74 | -2.33 | 3.38 | -16.04 | -44.88 | -67.02 | -7.04 |
| Tax % | 34.82 | 24.2 | 42.13 | -93.21 | 18.03 | 48.82 | 221.07 | 70.9 | 0 | — |
| Net Profit | 17.09 | 21.2 | 22.8 | 11.09 | -2.75 | 1.72 | -51.51 | -76.7 | -67.02 | -7.04 |
| EPS in Rs | 8.99 | 11.15 | 11.99 | 5.83 | -1.45 | 0.9 | -25.53 | -38.02 | -33.22 | -3.48 |
| Dividend Payout % | 66.74 | 44.83 | 8.34 | 17.14 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2009 | Mar 2010 | Mar 2011 | Sep 2012 | Sep 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 19.01 | 19.01 | 19.01 | 19.01 | 19.01 | 19.01 | 19.01 | 20.18 | 20.18 | 20.18 |
| Reserves | 233.13 | 236.87 | 246.87 | 267.26 | 275.94 | 284.17 | 285.69 | 295.6 | 218.71 | 151.48 |
| Borrowings | 64.96 | 87.76 | 145.74 | 148.2 | 135.66 | 131.07 | 113.24 | 165.49 | 153.79 | 154.92 |
| Other Liabilities | 62.16 | 62.65 | 85.78 | 130.13 | 156.82 | 233.49 | 244.27 | 230.41 | 320.04 | 315.18 |
| Total Liabilities | 379.26 | 406.29 | 497.4 | 564.6 | 587.43 | 667.74 | 662.21 | 711.68 | 712.72 | 641.76 |
| Fixed Assets | 88.77 | 88.1 | 95.3 | 104.13 | 184.92 | 192.4 | 178.57 | 314.04 | 307.8 | 300.63 |
| CWIP | 8.9 | 13.1 | 53.34 | 83.65 | 3.82 | 0 | 0 | 0 | 0 | 0 |
| Investments | 103.71 | 185.02 | 67.05 | 228.89 | 279.97 | 279.97 | 279.97 | 184.65 | 184.65 | 184.61 |
| Other Assets | 177.88 | 120.07 | 281.71 | 147.93 | 118.72 | 195.37 | 203.67 | 212.99 | 220.27 | 156.52 |
| Total Assets | 379.26 | 406.29 | 497.4 | 564.6 | 587.43 | 667.74 | 662.21 | 711.68 | 712.72 | 641.76 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2009 | Mar 2010 | Mar 2011 | Sep 2012 | Sep 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 89.8 | 86.21 | 47.92 | 93.98 | 100.04 | 29.43 | 46.54 | -53.03 | 44.55 | -1.06 |
| Cash from Investing Activity | -90.37 | -90.92 | -74.47 | -62.77 | -61.88 | -4 | -0.05 | 26.97 | -1.27 | -0.2 |
| Cash from Financing Activity | 0.41 | -0.67 | 29.86 | -34 | -39.38 | -24.61 | -44.62 | 23.02 | -42.96 | 1.44 |
| Net Cash Flow | -0.16 | -5.38 | 3.31 | -2.79 | -1.22 | 0.82 | 1.88 | -3.04 | 0.33 | 0.19 |
| Free Cash Flow | 58.01 | 76.6 | -3.65 | 52.7 | 89.21 | 24.97 | 46.39 | -53.83 | 43.22 | -1.06 |
| CFO/OP | 454 | 238 | 159 | 166 | 281 | 74 | 122 | 253 | 2370 | 2 |

### Ratios

| Item | Mar 2009 | Mar 2010 | Mar 2011 | Sep 2012 | Sep 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 42.47 | 29.58 | 38.29 | 42.2 | 61.35 | 38.72 | 75.39 | 93.35 | 123.94 | 664.7 |
| Inventory Days | 63.62 | 41.02 | 53.68 | 32.02 | 76.38 | 50.41 | 119.51 | 167.42 | 124.53 | 101.23 |
| Days Payable | 18.67 | 22.51 | 11.53 | 41.67 | 80.1 | 71.03 | 167.56 | 173.59 | 135.64 | 365.55 |
| Cash Conversion Cycle | 87.42 | 48.1 | 80.44 | 32.55 | 57.64 | 18.1 | 27.35 | 87.18 | 112.84 | 400.37 |
| Working Capital Days | 225.86 | 92.36 | 95.29 | 25.35 | -5.04 | 10.6 | -4.52 | 34.76 | -45.25 | -924.61 |
| ROCE % | 9.25 | 11.11 | 9.91 | 15.6 | 6.78 | 7.58 | 6.67 | 1.42 | -0.98 | -14.51 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Dec 2019 |
| --- | --- | --- | --- | --- |
| Promoters | 61.41% | 56.51% | 47.79% | 47.79% |
| FIIs | 0% | 4.66% | 4.66% | 4.66% |
| DIIs | 0.2% | 0.07% | 0.07% | 0.13% |
| Public | 38.4% | 38.76% | 47.48% | 47.42% |
| No. of Shareholders | 27680 | 24893 | 24897 | 24260 |

### Quarterly

| Category | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 61.41% | 57.86% | 57.86% | 57.86% | 56.51% | 54.15% | 54.07% | 47.79% | 47.79% | 47.79% | 47.79% | 47.79% |
| FIIs | 0% | 4.66% | 4.66% | 4.66% | 4.66% | 4.66% | 4.66% | 4.66% | 4.66% | 4.66% | 4.66% | 4.66% |
| DIIs | 0.2% | 0.19% | 0.08% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.13% |
| Public | 38.4% | 37.3% | 37.4% | 37.42% | 38.76% | 41.12% | 41.2% | 47.48% | 47.48% | 47.48% | 47.48% | 47.42% |
| No. of Shareholders | 27680 | 26984 | 26560 | 25205 | 24893 | 24929 | 24742 | 24742 | 24897 | 24657 | 24486 | 24260 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 13 / 1 / 5

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 15.1 | Buy |
| EMA (10) | 15.2 | Buy |
| SMA (20) | 13.21 | Buy |
| EMA (20) | 13.55 | Buy |
| SMA (50) | 10.14 | Buy |
| EMA (50) | 11.06 | Buy |
| SMA (100) | 8.72 | Buy |
| EMA (100) | 9.73 | Buy |
| SMA (200) | 8.68 | Buy |
| EMA (200) | 9.46 | Buy |

### Oscillators — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 90.58 | Sell |
| MACD (12,26,9) | 2 | Buy |
| Stochastic (14,3,3) | 100 | Sell |
| ADX (14) | 47.07 | Buy |
| Williams %R (14) | 0 | Sell |
| ATR (14) | 0.55 | High Volatility |
| ROC (12) | 33.07 | Buy |
| Stoch RSI (14) | 100 | Sell |
| UO (7,14,28) | 92.94 | Sell |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| — | [Results-Delay in Financial Results 3 Jun 2020](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=778425ee-bdd9-4440-8302-ca3a75154298.pdf) |
| — | [Results-Delay in Financial Results 3 Jun 2020](https://www.bseindia.com/xml-data/corpfiling/AttachHis/778425ee-bdd9-4440-8302-ca3a75154298.pdf) |
| — | [Limited Review Financial Results For The Quarter Ended June 2019 21 May 2020](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4c017f09-f8df-4e53-9217-df8979be9ea4.pdf) |
| — | [Limited Review Financial Results For The Quarter Ended March 2019. 21 May 2020](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5a78a7ec-9144-49ef-8d32-8306687b2e20.pdf) |
| — | [Limited Review Financial Results For The Quarter Ended September 2019. 21 May 2020](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=359113c0-0f5a-4184-b18c-d970a66c539e.pdf) |
| — | [Limited Review Financial Results For The Quarter Ended December 2019. 21 May 2020](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=03552856-bea9-4a88-80c6-bb2933d98794.pdf) |
| — | [Limited Review Financial Results For The Quarter Ended June 2019 21 May 2020](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4c017f09-f8df-4e53-9217-df8979be9ea4.pdf) |
| — | [Limited Review Financial Results For The Quarter Ended March 2019. 21 May 2020](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5a78a7ec-9144-49ef-8d32-8306687b2e20.pdf) |
| — | [Limited Review Financial Results For The Quarter Ended September 2019. 21 May 2020](https://www.bseindia.com/xml-data/corpfiling/AttachHis/359113c0-0f5a-4184-b18c-d970a66c539e.pdf) |
| — | [Limited Review Financial Results For The Quarter Ended December 2019. 21 May 2020](https://www.bseindia.com/xml-data/corpfiling/AttachHis/03552856-bea9-4a88-80c6-bb2933d98794.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2013 from nse](https://archives.nseindia.com/annual_reports/AR_3150_EDL_2012_2013_20012014170743.zip) |
| from nse | [Annual Report 2012 from nse](https://archives.nseindia.com/annual_reports/AR_EDL_2011_2012_31122012035554.zip) |
| from nse | [Annual Report 2011 from nse](https://archives.nseindia.com/annual_reports/AR_EDL_2010_2011_20062012115048.zip) |
| from nse | [Annual Report 2010 from nse](https://archives.nseindia.com/annual_reports/AR_EDL_2009_2010_17092010120000.zip) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/532920/5329200319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/532920/5329200318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/532920/5329200317.pdf) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/532920/5329200316.pdf) |
| from bse | [Annual Report 2015 from bse](https://www.bseindia.com/bseplus/AnnualReport/532920/5329200315.pdf) |
| from bse | [Annual Report 2013 from bse](https://www.bseindia.com/bseplus/AnnualReport/532920/5329200913.pdf) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:24:20.505Z.