Inflame Appliances Ltd

Inflame Appliances Ltd

₹ 517 -1.53%
27 Feb 4:01 p.m.
About

Incorporated in 2017, Inflame Appliances Ltd manufactures kitchen appliances and sheet metal components[1]

Key Points

Business Overview:[1]
IAL is an ISO 9001:2015 certified company which markets and sells its products through its brand Inflame in domestic & overseas markets. It is a manufacturer of Electrical Chimneys/Range Hoods, Built-in Gas
Hobs and LPG Gas Stove/ Cooktops
(Metal & Glass Cooktops), etc.

Product Profile:
a) Pyramid Chimneys:[2]
Electric Kitchen Hood Ava 60 PB BK, Electric Kitchen Hood Ava 60 PB HAC BK, Electric Kitchen Hood Viva 60 PB BK
b) Curved Glass Chimneys:[3]
Electric Kitchen Hood Curve 60 PB BK, Electric Kitchen Hood Dove 60 PB PF HAC BK, etc.
c) Straight T-Shaped Chimneys:[4]
Electric Kitchen Hood Jade 60 MS HAC BK, Electric Kitchen Hood Phoenix 60 MS PF HAC BK, etc.
d) Vertical Chimneys:[5]
Electric Kitchen Hood Daisy 60 MS HAC BK, Electric Kitchen Hood Lilly 60 MS HAC BK
e) Island Chimneys:[6]
Electric Kitchen Hood Orian 90 MS HAC BK
f) Built-in Hobs:[7]
Alexis 75 RDPS 3Burner Brass Built-in Gas Hob, Alicia60 SQPS 4 Burner Brass Built-in Gas Hob, etc.
g) OTG:[8]
company has developed 6 models of a new product namely OTG (Oven Toaster Grill)

  • Market Cap 380 Cr.
  • Current Price 517
  • High / Low 730 / 363
  • Stock P/E 90.6
  • Book Value 62.6
  • Dividend Yield 0.00 %
  • ROCE 17.3 %
  • ROE 16.5 %
  • Face Value 10.0

Pros

  • Debtor days have improved from 152 to 108 days.

Cons

  • Stock is trading at 8.31 times its book value
  • Company has a low return on equity of -0.63% over last 3 years.
  • Promoter holding has decreased over last 3 years: -26.4%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Half Yearly Results

Figures in Rs. Crores

Mar 2020 Sep 2020 Mar 2021 Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023
5.83 5.54 14.32 14.37 25.25 36.76 40.60 42.99
7.13 6.23 15.55 15.76 22.46 34.72 32.66 40.26
Operating Profit -1.30 -0.69 -1.23 -1.39 2.79 2.04 7.94 2.73
OPM % -22.30% -12.45% -8.59% -9.67% 11.05% 5.55% 19.56% 6.35%
0.41 0.04 0.21 0.25 -0.32 0.28 -1.52 0.43
Interest 0.36 0.46 0.61 0.46 1.26 0.85 1.25 1.23
Depreciation 1.03 1.66 0.12 0.85 0.96 0.97 1.27 1.76
Profit before tax -2.28 -2.77 -1.75 -2.45 0.25 0.50 3.90 0.17
Tax % 29.39% 25.99% 25.14% 25.71% 28.00% 16.00% 27.69% 100.00%
-1.60 -2.05 -1.31 -1.82 0.17 0.42 2.81 0.01
EPS in Rs -2.67 -3.42 -2.18 -2.89 0.26 0.57 3.83 0.01
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
8.94 55.11 15.39 19.87 39.57 77.31 83.59
8.41 51.65 19.29 21.79 38.06 67.30 72.92
Operating Profit 0.53 3.46 -3.90 -1.92 1.51 10.01 10.67
OPM % 5.93% 6.28% -25.34% -9.66% 3.82% 12.95% 12.76%
0.01 0.94 0.89 0.25 -0.08 -1.25 -1.09
Interest 0.03 0.35 0.77 1.07 1.83 2.12 2.48
Depreciation 0.12 1.20 1.98 1.78 1.81 2.24 3.03
Profit before tax 0.39 2.85 -5.76 -4.52 -2.21 4.40 4.07
Tax % 23.08% -27.37% 26.04% 25.66% 25.34% 26.59%
0.30 3.64 -4.26 -3.36 -1.65 3.24 2.82
EPS in Rs 0.50 6.07 -7.10 -5.60 -2.48 4.41 3.84
Dividend Payout % 0.00% 8.24% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: 54%
3 Years: 71%
TTM: 35%
Compounded Profit Growth
10 Years: %
5 Years: 72%
3 Years: 45%
TTM: 490%
Stock Price CAGR
10 Years: %
5 Years: 33%
3 Years: 51%
1 Year: 19%
Return on Equity
10 Years: %
5 Years: -1%
3 Years: -1%
Last Year: 17%

Balance Sheet

Figures in Rs. Crores

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 4.00 6.00 6.00 6.00 6.65 7.34 7.34
Reserves 6.11 6.18 1.56 -1.80 7.52 33.99 38.60
0.61 4.01 9.63 18.88 13.55 27.25 34.81
8.35 17.71 14.86 15.32 11.24 14.05 15.95
Total Liabilities 19.07 33.90 32.05 38.40 38.96 82.63 96.70
2.89 12.98 11.80 11.25 10.43 13.08 32.70
CWIP 0.56 0.42 0.04 0.25 1.17 12.87 2.64
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00
15.62 20.50 20.21 26.90 27.36 56.68 61.36
Total Assets 19.07 33.90 32.05 38.40 38.96 82.63 96.70

Cash Flows

Figures in Rs. Crores

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-3.79 8.22 0.12 -2.80 -4.54 -2.17
-5.23 -10.24 0.01 -2.77 -0.59 -24.11
10.40 0.71 -0.19 5.64 5.07 26.43
Net Cash Flow 1.39 -1.31 -0.06 0.07 -0.07 0.15

Ratios

Figures in Rs. Crores

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 284.98 62.92 202.78 237.52 108.85 108.49
Inventory Days 133.62 69.31 211.68 172.05 81.64 106.04
Days Payable 429.64 110.90 293.55 248.54 107.55 72.08
Cash Conversion Cycle -11.04 21.33 120.91 161.02 82.93 142.46
Working Capital Days 144.12 23.71 110.99 182.04 114.47 150.56
ROCE % 23.78% -30.02% -17.23% -0.79% 17.34%

Shareholding Pattern

Numbers in percentages

2 Recently
Mar 2019Apr 2019Sep 2019Dec 2019Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023
70.00% 70.00% 70.00% 70.00% 70.00% 70.00% 53.33% 50.79% 48.12% 43.77% 43.59% 43.59%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.12% 3.41%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 2.24% 2.62%
30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 46.67% 49.21% 51.88% 56.24% 53.05% 50.39%
No. of Shareholders 1521521791921891933144916919111,0721,686

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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