Empire Spices and Foods Limited Unlisted Share
₹550▼4.35%(25.00)
About the company
Empire Spices and Foods Limited is an Indian food and spices company known for its Rambandhu Masale brand. The company traces its origins to Nashik, Maharashtra, and was incorporated in 1994. Its product portfolio includes basic spices, blended spices, specialty products, pickles, papads, asafoetida and premium spice blends. The company serves the Indian market and also has an export presence.
Business & Product Portfolio
Empire Spices and Foods operates in the packaged food and spices segment, with a focus on manufacturing and marketing a diversified range of food products.
Its portfolio includes:
Basic and blended spices
Premium spice blends
Specialty spice products
Pickles
Papads
Asafoetida
Other packaged food products
The company's established brand presence and exposure to India's packaged food and spices market are key aspects to consider when evaluating the business.
Empire Spices and Foods Financial Performance
The company's latest financial information on the referenced page shows revenue increasing from ₹313 crore in FY25 to ₹363.5 crore in FY26, representing approximately 16% growth.
FY26 EBITDA was ₹30.6 crore compared with ₹32.7 crore in FY25, while PBT increased from ₹21.3 crore to ₹24.5 crore. PAT increased from ₹15.6 crore to ₹18.5 crore, with EPS rising from ₹32.23 to ₹38.22.
This indicates that while revenue and PAT expanded in FY26, EBITDA declined, making operating margins an important metric for investors to monitor.
Empire Spices and Foods Unlisted Shares
Empire Spices and Foods Limited is an unlisted public company. The reference page shows an indicative price of ₹550 as of 26 September 2026, with a lot size of 100 shares. The indicated 52-week range is ₹550–₹575. These figures are indicative levels and should not be treated as an exchange-traded quote or guaranteed transaction price.
The company has a face value of ₹10 per share and the listed ISIN is INE041101010. The reference data reports approximately 48.41 lakh outstanding shares, a book value of ₹284.76 per share, P/E of 14.39, P/B of 1.93 and debt-to-equity of 0.22.
Shareholding & Management
The latest shareholding information displayed on the reference page reports 23.52% promoter holding and 76.48% held by others.
The management team includes Hemant Motilal Rathi as Chairman, Umesh L Rathi as Managing Director and Anand Rathi as Director.
Empire Spices and Foods Shares with Dhankirti
For investors exploring Empire Spices and Foods Limited unlisted shares, Dhankirti can help you understand the company's business, financial performance, indicative pricing, shareholding information and the applicable process for exploring an unlisted-share transaction.
Because unlisted shares do not have continuous exchange-based price discovery, investors should consider valuation, liquidity, financial performance, business risks and transaction terms before making an investment decision.
Important: An unlisted company's future listing or IPO should not be assumed or treated as guaranteed. Indicative prices can change and may differ from the price at which an actual transaction is completed. Investors should conduct their own due diligence and seek appropriate professional financial or tax advice where required.
Fundamentals
Valuation
Registry
| Metric | Value |
|---|---|
| PAN number | AAACE1056D |
| ISIN number | INE041I01010 |
Figures in cr ·
Financials
| P&L Statement | 2026Latest | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | 363.5 | 313 | 295 | 297 | 247 |
| EBITDA | 30.6 | 32.7 | 27 | 26 | 21 |
| OPM | 8.42 | 10.45 | 9.15 | 8.75 | 8.5 |
| PBT | 24.5 | 21.3 | 17 | 17.41 | 19 |
| PAT | 18.5 | 15.6 | 13 | 13.68 | 14 |
| EPS | 38.22 | 32.23 | 27.08 | 28.5 | 29.17 |
Shareholding Pattern
| Holder | Percentage |
|---|---|
| Promoters | 75.71% |
| Others | 24.29% |
Leadership
| Name | Role | Experience | |
|---|---|---|---|
| Hemant Motilal Rathi | Chairman | 30+ yrs experience | — |
| Umesh L Rathi | MD | 20+ yrs experience | — |
| Anand Rathi | Director | 14 yrs experience |
Frequently asked questions
Common questions on Empire Spices and Foods Limited Unlisted Share—tap a row to read the answer.
Q.1What are Empire Spices & Foods Limited unlisted shares?
Empire Spices & Foods Limited unlisted shares are equity shares of the company that are not listed on stock exchanges such as the NSE or BSE. These shares are traded privately through off-market transactions, allowing investors to participate in the company's growth before any potential public listing.
Q.2How can I buy Empire Spices & Foods Limited unlisted shares?
To purchase Empire Spices & Foods Limited unlisted shares, you need a valid PAN card, a demat account, and completed KYC formalities. Once you agree on the transaction price with a seller, the shares are transferred through an off-market process and credited to your demat account after payment and verification are completed.
Q.3Can I sell Empire Spices & Foods Limited unlisted shares before the company gets listed?
Yes. Empire Spices & Foods Limited unlisted shares can be sold through private, off-market transactions without waiting for the company to become publicly listed. The transaction depends on the availability of buyers, prevailing market demand, and mutually agreed pricing.
Q.4What factors influence the price of Empire Spices & Foods Limited unlisted shares?
The value of Empire Spices & Foods Limited unlisted shares is influenced by several factors, including the company's financial performance, profitability, brand recognition, product portfolio, revenue growth, export business, industry trends, and recent off-market transactions. Investor demand and future business prospects also play a role in determining the share price.
Q.5. Why do investors consider Empire Spices & Foods Limited unlisted shares?
Many investors are attracted to Empire Spices & Foods Limited because of its established presence in the Indian spices and packaged food industry, well-known product portfolio, strong brand legacy, nationwide distribution network, and export operations. However, every investment should be supported by careful analysis of the company's financials, valuation, and long-term growth potential.
Q.6Is buying Empire Spices & Foods Limited unlisted shares legal in India?
Yes. Buying and selling Empire Spices & Foods Limited unlisted shares is legal in India when carried out in accordance with applicable laws and regulations. The transfer should be completed through a valid off-market transaction, and the shares should be credited to the buyer's demat account after all necessary documentation is completed.
Q.7Who are the key management personnel?
The reference page lists Hemant Motilal Rathi as Chairman, Umesh L Rathi as Managing Director and Anand Rathi as Director.
Q.8What is the promoter shareholding in Empire Spices and Foods?
The latest shareholding information displayed on the reference page shows promoters holding approximately 23.52%, with others holding 76.48%.
Q.9Can I buy Empire Spices and Foods unlisted shares?
Unlisted-share availability depends on the prevailing supply, demand and transaction availability. Investors should confirm the current indicative level, quantity and transaction terms before proceeding.
Q.10How is the price of Empire Spices and Foods unlisted shares determined?
Unlisted shares do not have continuous exchange-based price discovery. Indicative levels can be influenced by company fundamentals, demand and supply, valuation expectations, liquidity and corporate developments.
Q.11Is Empire Spices and Foods planning an IPO?
Investors should not treat a future IPO or listing as confirmed unless supported by an official company announcement or regulatory filing.
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