Empyrean Cashews Ltd
KRIS

Empyrean Cashews Ltd (KRISHIVAL)

₹2184.98%

Key Stats

₹218
Day's Price Range
₹218
₹40.7
52-Week Price Range
₹218
1 Month Return86.81 %

Peer Comparsion

PE
Rank 38
EPS
Rank 38
BVPS
Rank 45
Dividend Yield
Rank 19
ROE
Rank 104
Price To Book Ratio
Rank 30
Debt To Asset
Rank 45

Company Information

Empyrean Cashews Ltd was incorporated as a private limited company on 21 March 2014. Subsequently pursuant to a special resolution passed at the Extra Ordinary General Meeting dated 08 November 2021 this company was converted from a private limited company to a public limited company and consequently the name was changed to Empyrean Cashews Limited and a fresh certificate of incorporation dated November 22 2021 was issued by RoC Mumbai Maharashtra.The Company is engaged in processing raw cashew nuts into finished cashew kernels with different grades and flavours along with organic manure. It markets products under brand name of KRISHIVAL CASHEWS Supplied to consumers in more than 26 tier II tier III towns spread across India from Gorakhpur Uttar Pradesh to Mysore/Mysuru Karnataka and from Jodhpur Rajasthan to Patna Bihar. The Company is also engaged in selling organic manure which is prepared by using byproducts like husk and other biodegradable material collected from leftovers of raw cashews processing. The Company primarily caters to domestic market with a presence of more than 30 distributors spread across India. It procures majority of raw materials by way of import from certain African and Asian countries and also from Konkan region of India. The company is engaged in manufacturing quality cashew nuts red chilli cashew dry fruits black pepper cashew nuts split cashew nuts and flavored Cashew nuts. The products are processed under hygienic condition following the specific food grade standards recommended by industry. It gives utmost importance towards the packaging of our assortment in order to retain their original value and preserve their freshness for a longer duration. Apart from this reliability in commerce dealings assure of making products available to customers as per their demands and that too within given time frame providing cost effective solutions has enabled company to become the preferred choice of customers.The company has built an advanced infrastructural unit where all of occupational activities are carried out in a hasslefree manner. As it is spread over a wide area of land it has partitioned appropriately into numerous departments to carry out occupational operations smoothly such as manufacturing quality testing packing RD logistic and warehousing. Today this company is appreciated among valued clients due to its good quality products like premium packaging capability in meeting huge market demands easy payment modes ontime delivery customized products stringent quality checks sound infrastructure and machines and competent team.The product portfolio include different flavours of cashews such as salted pepper chilli and assorted all offered in different grades and packaging formats. The grades of cashew kernels are based on size of cashew nuts. The Company has following grades available in 100 grams 250 grams 500 grams as well as 10 kilograms packings: a Premium grades such as W180 W210 P210 W240 and P240 b. Other grades include W320 P320 W400 SSW DW RW KW JJH JH JK LWP SP SWP BB as well as flavoured cashew. Besides these products are processed under hygienic condition following the specific food grade standards recommended by the industry. They are supplied to different channels like distributors supermarkets retailers as well as wholesalers. Also they are sold over the counter to tourists and localites who visit thier packaging unit.The raw cashew nut is the main raw material required for its products. This is sourced from Konkan and adjacent area of Maharashtra. The raw materials and finished products are subject to price fluctuations due to seasonality weather demand in local and international markets and other factors. Its subsidiary Siddhivinayak Cashew Industries Private Limited has been offered a plot of land admeasuring 20000 sq. mtrs on leasehold basis from MIDC Halkarni Industrial Area Kolhapur district Maharashtra provided that its execution of lease agreement and allotment of the plot is still pending. The requirement of power for operations like power for heating of boiler and operating machinery/equipment is sourced from MSEB. It avail total sanctioned load of approximately 223 kilo watts. It has 1 standby generator set for use during emergency situation to have uninterrupted power supply to its processing unit. Moreover the company supplies organic manure which is a derived from husk and other biodegradable material left after processing of raw cashews. The organic manure is used in agriculture to improve soil fertility and enhance crop productivity. This organic manure is purchased by local farmers at the processing unit itself. Being strategically locatedit gets easy access to labours having experience in cashew industry as well as in procuring local raw material supplies resulting in reduced cost of transport thereby giving a competitive advantage. The plant of the company has good connectivity to roads which facilitates easy transportation of raw material and finished goods. The processing unit packaging unit and warehouse are located within a periphery of 5 to ten 10 kilometres which reduces time taken for raw material from warehouse to processing unit and from there to packaging unit. In 2014 the company set up a Factory Unit1 processing unit situated at Village Halkarni in Kolhapur Maharashtra.In 2016 the company set up a Factory Unit2 packaging unit in Village Shinoli Kolhapur Maharashtra.In FY 2021 it procured around 70 of its raw material requirements from international markets such as Benin Indonesia as well as GuineaBissau whereas balance was procured from the domestic market especially from the Konkan region. Majority of total import of raw material 71 during the same year was done from Benin. Modi Co. Sarl a sole proprietorship of one of its Promoters Nana Prakash Mhaske established in Benin for ease of procurement of raw materials for Company. In 2022 it acquired 99.94 of equity share capital of its subsidiary Siddhivinayak Cashew Industries Private Limited which became a subsidiary of Company with effect from 08 January 2022.The company had been accredited with ISO 9001:2015 Certification for Quality Management System for Processing and Sales of Dryfruits and ISO 22000:2018 Certification for Food Safety Management System. It adheres to quality standards as prescribed by customers to get repetitive orders from buyers. It has quality control checks before accepting or booking any consignment of raw material since it has a direct impact on the quality of finished products. It does regular quality control of product from FSSAI notified National Accrediation Board for Testing and Calibration Laboratories NABL.
OrganisationEmpyrean Cashews Ltd
HeadquartersMumbai
IndustryFMCG