Empire Spices and Foods LimitedUnlisted Shares
₹550▼4.35%(25.00)
About the company
Empire Spices & Foods Limited is a well-established Indian food manufacturing company known for producing a wide range of spices, spice blends, pickles, papads, asafoetida, and other specialty food products. Founded in 1994 and headquartered in Nashik, Maharashtra, the company has built a strong reputation for delivering authentic Indian flavours while maintaining high standards of quality and consistency.
The company's journey began with a small spice shop in Nashik, where its carefully crafted spice blends quickly gained popularity among customers for their rich taste and consistent quality. Growing consumer demand led to the establishment of a dedicated manufacturing facility, laying the foundation for the company's flagship spice brand, Rambandhu Masale. Over the years, this legacy of quality has helped Empire Spices & Foods earn the trust of households and food businesses across India.
Fundamentals
Valuation
| Metric | Value |
|---|---|
| 52 week high | ₹585 |
| 52 week low | ₹550 |
| P/B ratio | 2.22 |
| Debt to equity | 0.34 |
| ROE (%) | 14.2% |
| Book value | ₹247.57 |
| Face value | ₹10 |
52 week high
52 week low
P/B ratio
Debt
Equity
ROE (%)
| Metric | Value |
|---|---|
| 52 week high | ₹585 |
| 52 week low | ₹550 |
| P/B ratio | 2.22 |
| Debt | 25.4% of capital |
| Equity | 74.6% of capital |
| ROE (%) | 14.2% |
Registry
| Metric | Value |
|---|---|
| ISIN number | INE041I01010 |
Figures in cr ·
Financials
| P&L Statement | 2025Latest | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 313 | 295 | 297 | 247 | 239 | 182 | 173 | 165 |
| EBITDA | 32.7 | 27 | 26 | 21 | 27 | 18 | 15 | 11 |
| OPM | 10.45 | 9.15 | 8.75 | 8.5 | 11.3 | 9.89 | 8.67 | 6.67 |
| PBT | 21.3 | 17 | 17.41 | 19 | 20 | 10 | 11 | 8 |
| PAT | 15.6 | 13 | 13.68 | 14 | 13 | 8 | 8 | 5 |
| EPS | 32.23 | 27.08 | 28.5 | 29.17 | 26.86 | 16.53 | 16.53 | 21.37 |
Shareholding Pattern
Promoters
Others
| 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 Shares—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.
Unlisted Trending shares
High-demand unlisted opportunities currently available for trade.
MARKET INSIGHTS & UPDATES
Read the latest updates, investment ideas, and market insights designed to help investors better understand unlisted and pre-IPO opportunities.

Unlisted Shares Price List India | Buy Pre IPO Shares Online
The Unlisted Shares Price List India helps investors track the latest prices of privately traded companies before they are listed on stock exchanges. This guide explains what Unlisted Shares and Pre IPO Shares are, how their prices are determined, and the factors that influence their valuation. It also covers the benefits, risks, taxation, and step-by-step process of buying unlisted shares in India. Additionally, the article highlights popular companies such as NSE India, OYO, API Holding (Pharm Easy), MSEI, Gamma Rotors, Zepto, Orbis Financial, and Motilal Oswal Home Finance, providing readers with a comprehensive understanding of India's growing pre-IPO market. Whether you're a new or experienced investor, this guide offers practical insights to help you make informed investment decisions.

NSE IPO Moves Closer: SEBI Approval Expected by Mid-August, Listing May Happen in September
The National Stock Exchange (NSE) IPO is moving closer to listing, with SEBI's approval for the IPO draft expected by mid-August 2026, according to NDTV Profit sources. If the remaining regulatory process is completed on time, NSE could be listed in September 2026, subject to final approvals and market conditions. A key development is the expected final settlement order in the NSE co-location case, with the settlement amount likely to exceed ₹1,400 crore. Meanwhile, NSE has reportedly begun domestic and international investor roadshows as part of its IPO preparations. While these updates indicate strong momentum toward the IPO, the final timeline remains subject to SEBI approval and official announcements.

NCDEX Launches 'Nidhi' Mutual Fund Platform: A New Chapter in India's Financial Inclusion Journey
NCDEX has launched the 'Nidhi' Mutual Fund Platform, marking a significant step toward expanding financial inclusion across rural and semi-urban India. The platform aims to simplify mutual fund investments by leveraging NCDEX's extensive FPO and agri-network, making investment opportunities more accessible to underserved communities. With six leading Asset Management Companies (AMCs) onboard at launch, the initiative seeks to encourage wider participation in India's mutual fund ecosystem and promote long-term wealth creation. Discover the key features, benefits, and potential impact of the NCDEX Nidhi Mutual Fund Platform, and learn how this strategic move strengthens NCDEX's presence beyond commodity markets while supporting the growth of India's financial ecosystem.

AirLife Gases Business Model, Growth Strategy & Valuation: A Complete Analysis
AirLife Gases is emerging as a key player in India's specialty gas industry with a strong focus on helium supply, infrastructure, and global expansion. Explore its business model, valuation, growth strategy, financial outlook, and the potential of AirLife Gases unlisted shares.

Why Sustainable Investing in Unlisted Shares is Becoming the Smart Choice for Indians
Sustainable investing in unlisted shares is becoming an increasingly popular choice among Indian investors who want to combine long-term wealth creation with responsible investing. By investing in high-growth private companies that follow strong Environmental, Social, and Governance (ESG) practices, investors can support innovation while potentially earning attractive returns. Although unlisted shares involve risks such as lower liquidity and valuation challenges, careful research, diversification, and a long-term investment approach can help manage these risks. If you're looking to invest in unlisted shares, visit Dhankirti.co.in to explore trusted investment opportunities and expert guidance.

Risks and Rewards of Investing in Unlisted Shares in India
Learn how to invest in unlisted shares in India. Explore high-growth opportunities, understand risks, and discover proven strategies. Expert guide with step-by-step process.
