Empower India Limited
NSE: EMPOWERComputers - Software & Consulting
Share price
₹1.91
+4.37% close of 9 Oct 2026
Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 8 Oct 2026, the close above is 9 Oct 2026.
Business score
How strong the business is, in one number. The parts behind it are in Pro.
54
out of 100 · worked out 8 Oct 2026
Your ratios
The numbers you want to see first. Tap Edit to change them.
Market cap
₹222 Cr
P/E ratio
11.7
P/B ratio
0.7
ROCE
5.3%
ROE
5.8%
Dividend yield
0.0%
Price & valuation chart
How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.
Answers
Simple answers to the questions investors ask most, from the company's own numbers.
How fast it has been growing
Our sales figures for this company step up at Mar 2024 and we hold nothing that says why, so we cannot honestly quote a growth rate across it.
Whether it grew faster than its sector
Our sales figures for this company step up at Mar 2024 and we hold nothing that says why, so there is no honest growth rate of its own to set against its sector.
Room to re-rate, or risk of de-rating
Too little price history yet to compare it with its own past.
Whether growth justifies the valuation
Priced at 0.0 times its growth rate, on earnings growth of 383%.
| Profit growth | Price per ₹1 profit | Per 1% growth | |
|---|---|---|---|
| Empower India Limited — this one | 383%/yr | 11.7× | — |
| Tata Elxsi Limited | -3%/yr | 29.6× | — |
| KPIT Technologies Limited | 21%/yr | 20.9× | ₹0.99 |
| Fractal Analytics Limited | 54%/yr | 36.1× | ₹0.67 |
| Zensar Technologies Limited | 34%/yr | 12.7× | ₹0.37 |
| Rategain Travel Technologies Limited | 48%/yr | 39.2× | ₹0.82 |
Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
How it compares with its peers
Against companies the exchange files under the same label (Computers - Software & Consulting), it ranks 45 of 53 on returns, 45 of 52 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
What makes it hard to beat — and is that still true?
No durable advantage shows in the numbers: it earns 5.3% on capital, ahead of 15% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
Whether its growth pays for itself
No — Over the last five years the business itself consumed ₹41 crore of cash before any plant spend. And the profit is not backed by cash: it reported a profit over 12 years and consumed cash from the business. Its cash comes back faster than it used to: it went from being waiting 79 days for its cash to paid 22 days before it paid its own suppliers.
Profit reality check
Is the profit real cash? Simple checks on the accounts. Facts only, not advice.
4 of 8 checks clear · 50%
Latest result · Q1 FY27
What the last results showed. Whether management kept its word is in Pro.
Announced 12 Aug 2026 · Consolidated · Unaudited
Revenue
₹37 Cr
Revenue vs last year
+40.8%
Revenue vs last quarter
-15.6%
Net profit
₹1 Cr
Profit vs last year
+779.1%
Profit vs last quarter
-89.3%
Net margin
4.0%
Checklist before you investPRO
Points for and against, in one list.
Key numbers & peers
The main numbers grouped by topic, and how the company compares with similar ones.
Price
- Market cap
- ₹222 Cr
- Prev close
- ₹1.91
- 52w High
- ₹2.8
- 52w Low
- ₹1.3
- Enterprise value
- ₹250 Cr
- Beta
- —
- Price CAGR 1y
- -17.0%
- Price CAGR 3y
- 19.0%
- Price CAGR 5y
- 64.0%
- Price CAGR 10y
- 14.0%
Ratios
- Return on assets
- 4.2%
- PEG ratio
- 0.0
- P/E ratio
- 11.7
- P/B ratio
- 0.7
- EV / EBITDA
- 96.7
- Industry P/E
- 18.2
- ROCE
- 5.3%
- ROCE 5y average
- 1.8%
- ROE
- 5.8%
- Debt / Equity
- 0.1
- Interest coverage
- —
- Dividend yield
- 0.0%
- ROE 3y average
- 3.0%
- ROE last year
- 6.0%
Annual P&L
- Annual revenue
- ₹153 Cr
- Annual profit
- ₹18 Cr
- Operating margin
- 0.9%
- Net profit margin
- 11.8%
- EBITDA margin
- 0.7%
- Sales growth 3y
- 148.3%
- Sales growth 5y
- —
- Profit growth 3y
- 383.0%
- Profit growth 5y
- 178.0%
- EPS
- ₹0.2
- Sales growth TTM
- 46.0%
- Profit growth TTM
- 491.0%
- Dividend payout
- 0.0%
Quarter P&L
- Sales latest quarter
- ₹37 Cr
- Profit latest quarter
- ₹1 Cr
- YoY quarterly sales growth
- 40.8%
- YoY quarterly profit growth
- 776.5%
- OPM latest quarter
- -1.1%
Balance Sheet
- Book Value
- ₹2.8
- Face Value
- ₹1.0
- Total debt
- ₹36 Cr
- Total cash
- ₹8 Cr
- Borrowings
- ₹36 Cr
- Reserves / Equity
- 1.8
Cash Flow
- Operating cash flow
- -₹36 Cr
- Free cash flow
- -₹36 Cr
- FCF yield
- -16.2%
- Net cash flow
- -₹31 Cr
Shareholding
- Promoter holding
- 15.0%
- FII holding
- 0.0%
- DII holding
- —
- Public holding
- 85.0%
Peer comparison
| Company | Price ₹ | P/E | Mkt cap ₹ Cr | Div yield % | Profit qtr ₹ Cr | Profit var % | Sales qtr ₹ Cr | Sales var % | ROCE % |
|---|---|---|---|---|---|---|---|---|---|
| TCS | 2,080.30 | 14.0 | 7,52,671 | 3.08 | 13,420.0 | 8.4 | 72,275.0 | 13.9 | 63.0 |
| Infosys | 992.00 | 12.9 | 4,02,581 | 4.84 | 7,775.0 | 12.3 | 48,211.0 | 14.0 | 40.0 |
| HCL Technologies | 1,185.00 | 17.7 | 3,21,569 | 4.56 | 4,626.0 | 20.3 | 34,579.0 | 13.9 | 30.4 |
| Wipro | 159.60 | 12.0 | 1,58,089 | 6.89 | 3,356.3 | 0.7 | 24,478.6 | 10.6 | 17.8 |
| Tech Mahindra | 1,491.10 | 27.5 | 1,46,152 | 3.42 | 1,486.3 | 28.4 | 15,711.9 | 17.7 | 23.1 |
| LTM | 3,930.00 | 20.8 | 1,16,572 | 1.91 | 1,468.6 | 16.9 | 11,608.0 | 18.0 | 29.6 |
| Persistent Systems | 5,507.00 | 43.6 | 86,873 | 0.73 | 483.0 | 13.7 | 4,303.2 | 29.1 | 34.4 |
| Empower India | 1.76 | 10.6 | 205 | 0.00 | 1.5 | 776.5 | 37.4 | 40.8 | 5.3 |
| Median | 218.65 | 19.2 | 892 | 0.34 | 10.1 | 13.0 | 85.7 | 17.6 | 22.1 |
Competes with: HCL Technologies, Infosys, LTIMindtree Limited, Persistent Systems, Tata Consultancy Services, Tech Mahindra, Wipro
Quarterly results
Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.
| Line item | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3.47 | 9.20 | 17 | 87 | 38 | 46 | 24 | 16 | 27 | 35 | 48 | 44 | 37 |
| Expenses | 3.07 | 8.55 | 14 | 88 | 36 | 44 | 24 | 21 | 28 | 32 | 47 | 45 | 38 |
| Material Cost | 0 | ||||||||||||
| Change in Inventories | -1.37 | ||||||||||||
| Purchases of Stock-in-Trade | 39 | ||||||||||||
| Employee Cost | 0.03 | ||||||||||||
| Other Expenses | 0.45 | ||||||||||||
| Operating Profit | 0.40 | 0.65 | 3.36 | -0.63 | 2.12 | 2.14 | 0.22 | -4.86 | -1.70 | 2.83 | 0.37 | -0.20 | -0.42 |
| OPM % | 12 | 7.07 | 20 | -0.72 | 5.58 | 4.68 | 0.93 | -30 | -6.40 | 8.16 | 0.77 | -0.45 | -1.12 |
| Other Income | 0 | 0 | 0 | 3.23 | 0 | 0 | 0.83 | 5.11 | 1.87 | 0 | 0.70 | 14 | 1.91 |
| Exceptional items (within Other Income) | 0 | ||||||||||||
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0.40 | 0.65 | 3.36 | 2.60 | 2.12 | 2.14 | 1.05 | 0.25 | 0.17 | 2.83 | 1.07 | 14 | 1.49 |
| Tax % | 0 | 0 | 0 | 3.85 | 0 | 0 | 0 | 136 | 0 | 0 | 0 | 0.43 | 0 |
| Net Profit | 0.40 | 0.65 | 3.36 | 2.50 | 2.12 | 2.14 | 1.05 | -0.09 | 0.17 | 2.83 | 1.07 | 14 | 1.49 |
| EPS in Rs | 0 | 0.01 | 0.03 | 0.02 | 0.02 | 0.02 | 0.01 | -0 | 0 | 0.02 | 0.01 | 0.12 | 0.01 |
Profit & loss
Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.
| Line item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 107 | 103 | 90 | 28 | 1 | 0 | 0 | 6 | 10 | 117 | 124 | 153 | 164 |
| Expenses | 107 | 103 | 85 | 28 | 1 | 0 | 0 | 6 | 10 | 113 | 124 | 152 | 162 |
| Operating Profit | 0 | -0 | 5 | 0 | -0 | -0 | -0 | -0 | 0 | 4 | -0 | 1 | 3 |
| OPM % | 0.20 | -0.10 | 6 | 0.20 | -20 | -483 | -1.40 | 1.90 | 3.20 | -0 | 0.90 | 1.60 | |
| Other Income | 0 | 0 | 0 | 0 | 0 | -13 | -8 | 0 | 0 | 3 | 6 | 17 | 17 |
| Interest | 0 | 0 | 5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.00 | 0 | 0 |
| Depreciation | 1 | 0 | 0 | 0 | 0 | 0 | 8 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -0 | -0 | 0 | -0 | 0 | -13 | -15 | -0 | 0 | 7.01 | 5.56 | 18 | 19 |
| Tax % | -179 | 43 | 69 | 0 | 25 | 0 | 0 | 0 | 20 | 1 | 6 | 0 | |
| Net Profit | 0 | -0 | 0 | -0 | 0 | -13 | -8 | -0 | 0 | 6.91 | 5.22 | 18 | 19 |
| EPS in Rs | 0 | -0 | 0 | -0 | 0 | -0.12 | -0.07 | -0 | 0 | 0.06 | 0.04 | 0.15 | 0.16 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Compounded growth
Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.
Compounded sales growth
- 10 years
- 4%
- 5 years
- —
- 3 years
- 148%
- TTM
- 46%
Compounded profit growth
- 10 years
- 56%
- 5 years
- 178%
- 3 years
- 383%
- TTM
- 491%
Stock price CAGR
- 10 years
- 14%
- 5 years
- 64%
- 3 years
- 19%
- 1 year
- -17%
Return on equity
- 10 years
- 1%
- 5 years
- 2%
- 3 years
- 3%
- Last year
- 6%
Balance sheet
What the company owns and what it owes, at the end of each year. ₹ crore.
| Line item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 116 | 116 | 116 | 116 | 116 | 116 | 116 | 116 | 116 | 116 | 116 | 116 |
| Reserves | 222 | 247 | 239 | 222 | 222 | 151 | 142 | 176 | 176 | 183 | 188 | 206 |
| Borrowings | 0 | 43 | 42 | 170 | 166 | 166 | 0 | 0 | 1 | 0 | 21 | 36 |
| Other Liabilities | 43 | 63 | 86 | 48 | 34 | 28 | 2 | 4 | 5 | 16 | 42 | 71 |
| Total Liabilities | 381 | 470 | 484 | 556 | 539 | 461 | 261 | 297 | 298 | 316 | 367 | 430 |
| Fixed Assets | 0 | 107 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| CWIP | 0 | 0 | 114 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 272 | 256 | 254 | 273 | 273 | 230 | 197 | 208 | 207 | 200 | 193 | 207 |
| Other Assets | 109 | 107 | 116 | 283 | 265 | 231 | 64 | 89 | 92 | 116 | 174 | 223 |
| Total Assets | 381 | 470 | 484 | 556 | 539 | 461 | 261 | 297 | 298 | 316 | 367 | 430 |
Cash flows
Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.
| Line item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 15 | 8 | 5 | -10 | -1 | 14 | -23 | -16 | -1 | -6 | 18 | -36 |
| Cash from Investing Activity | -17 | -31 | -7 | -34 | 5 | -15 | 189 | 189 | 1 | 8 | 0 | -10 |
| Cash from Financing Activity | 0 | 25 | 1 | 42 | -4 | -0 | -166 | -166 | 1 | -1 | 21 | 15 |
| Net Cash Flow | -2 | 2 | -0 | -2 | 0 | -1 | -0 | 8 | 0 | 1 | 39 | -31 |
| Free Cash Flow | 15 | 3 | -2 | 104 | -1 | -1 | 2 | 10 | 0 | 1 | 18 | -36 |
Ratios
How fast customers pay, how long stock sits, and how well capital earns — year by year.
| Line item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 50 | 2 | 2 | 131 | 202 | 0 | 0 | 0 | 14 | 3 | 95 | |
| Inventory Days | 12 | 14 | 19 | 69 | 2,144 | 301 | 206 | 19 | 33 | 94 | ||
| Days Payable | 145 | 124 | 183 | 628 | 14,156 | 236 | 178 | 52 | 118 | 171 | ||
| Cash Conversion Cycle | -83 | -108 | -162 | -429 | -11,809 | 0 | 66 | 28 | -19 | -82 | 18 | |
| Working Capital Days | -83 | -108 | -171 | -430 | -12,053 | -1,52,935 | 79 | 1 | -7 | -130 | -22 | |
| ROCE % | -0 | 1 | 0 | 0 | -0 | -2 | -0 | 0 | 2 | 2 | 5 |
Price trend
The price as a Renko brick chart: small moves drop out so the bigger path stands out.
In the last 1 year the price has not moved enough to draw bricks. Try a longer range.
Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.
Open interestPRO
Where option traders are positioned on this stock.
Industry numbers
The numbers that matter most in this industry, from the company's own filings.
the company's own unlisted debt securities in default at period end
0.00cr
2026-06-30
the company's own loans / revolving facilities in default at period end (standalone filing)
0.00cr
2026-06-30
net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash
28.00inr_cr
2026-03-31
guarantees / comfort given for promoter, promoter group, directors and KMP
0.00cr
2026-03-31
loans outstanding to promoter, promoter group, directors and KMP (governance filing)
0.00cr
2026-03-31
security given for the borrowing of promoter, promoter group, directors and KMP
0.00cr
2026-03-31
News
News and filings about Empower India Limited. Open one to see why it matters.
No recent news for this company.
Supply chain
Who it buys from, sells to and competes with — as recorded in our map of company links.
About
What the company is, from our own records: where it sits, where it makes things, and what it is made of.
- Sector
- Information Technology
- Industry
- Computers - Software & Consulting
- Classification
- Information Technology › Computers - Software & Consulting
- ISIN
- INE507F01023
News impact
Big market events that reach Empower India Limited, and how the effect spreads.
16 Sept, 16:43 IST · Market event · high impact
Penny stock under 10 rupees hits 5% upper circuit after this acquisition update
Empower India signed a non-binding deal to buy Valiance Engineers with its own shares, lifting its penny stock 3.77%, but with no price or swap terms disclosed, buyers should wait — big IT stocks are unaffected.
Who it hits first
- Empower India, a sub-Rs 10 stock, signed a non-binding term sheet to buy 100% of Valiance Engineers, an unlisted engineering firm, paying with its own shares instead of cash.
- The market repriced the news at once: the stock hit its 5% upper circuit at Rs 2.50 and closed 3.77% higher at Rs 2.48. No deal value, share-swap ratio, Valiance financials or closing date were disclosed.
Who may gain
- Empower India shareholders, near term, from the headline repricing (+3.77% close).
- Valiance Engineers' owners, who get a liquidity path if the deal closes — though they are unlisted so there is no tradeable signal.
Along the supply chain
Downstream
One weak downstream thread: SEPC buys engineering, consultancy and operations work from Valiance through a shared-director relationship (per NSE filings found by web search), so new ownership at Valiance could mean renegotiated or redirected work — but the size of that work is undisclosed.
Upstream
No upstream supply link — this is a paper deal announcement, not a factory or materials event, so Empower's vendors see no change in orders.
Where demand moves
Business
No real demand is created or destroyed yet — a non-binding term sheet is paper, not a purchase order. The only business link found is Valiance Engineers' related-party engineering and consultancy work for listed SEPC, which a change of ownership could disturb.
Capital
Only tiny speculative money moves here: momentum buyers chasing the 5% circuit in a stock that trades about Rs 1.85 crore a day with near-zero foreign ownership (FII 0.03%). No institutional rotation — large-cap IT funds do not rebalance on a Rs 277 crore microcap deal.
How it spreads across sectors
Construction
Only limited uncertainty around the Valiance-SEPC related-party channel; no wider construction demand signal.
Information Technology
No sector readthrough — a microcap buying an unlisted engineering firm says nothing about IT services demand, pricing or deals.
When it plays out
Immediate
1-7 days: circuit momentum versus profit-booking around Rs 2.50 for Empower; watch for an exchange filing giving the swap ratio or deal value.
Medium term
1-6 months: shareholder approval, dilution clarity from the all-equity payment, and Valiance integration — the point where fundamentals replace headlines.
Short term
1-4 weeks: either a definitive agreement with real numbers (reprices again) or silence (the headline premium fades back).
Other sectors it reaches
- Information Technology
Dividends, splits & big trades
Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.
Bulk & block deals
| Date | Who | Bought / sold | Shares | Price |
|---|---|---|---|---|
| 6 Oct 2026 | ALIA COMMOSALES LLP | BUY | 58,86,222 | ₹1.69 |
| 5 Oct 2026 | NEO APEX SHARE BROKING SERVICES LLP | BUY | 92,71,245 | ₹1.47 |
| 5 Oct 2026 | NEO APEX SHARE BROKING SERVICES LLP | SELL | 92,71,245 | ₹1.61 |
| 5 Oct 2026 | ALIA COMMOSALES LLP | SELL | 66,01,295 | ₹1.50 |
| 24 Sep 2026 | MEERA SINGH | BUY | 83,44,896 | ₹1.96 |
| 24 Sep 2026 | AKARSHIKA TRADERS LLP | SELL | 65,00,000 | ₹1.96 |
| 17 Sep 2026 | AKARSHIKA TRADERS LLP | BUY | 62,13,687 | ₹2.51 |
| 16 Sep 2026 | ALIA COMMOSALES LLP | BUY | 1,07,61,645 | ₹2.47 |
| 2 Jul 2026 | AVANCE VENTURES PRIVATE LIMITED | BUY | 76,13,276 | ₹2.38 |
| 2 Jul 2026 | AVANCE VENTURES PRIVATE LIMITED | SELL | 4,38,446 | ₹2.35 |
Documents
Annual reports, results presentations and earnings calls, straight from the source.
Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.