Comrade Appliances Ltd

Comrade Appliances Ltd

₹ 35.0 -4.55%
20 Mar - close price
About

Incorporated in 2017, Comrade Appliances
Ltd is in the business of manufacturing
Electrical Machinery and Apparatus[1]

Key Points

Business Overview:[1]
CAL is in the business of manufacturing Air Coolers and Electric Geysers. Company has 4 departments:
a) Production Department
b) Moulding Department
c) Administration Department
d) Logistics Department.

  • Market Cap 27.2 Cr.
  • Current Price 35.0
  • High / Low 112 / 35.0
  • Stock P/E
  • Book Value 20.1
  • Dividend Yield 0.00 %
  • ROCE 6.85 %
  • ROE 2.68 %
  • Face Value 10.0

Pros

  • Company's working capital requirements have reduced from 83.6 days to 56.4 days

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 7.05% over last 3 years.

* 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

Sep 2023 Mar 2024 Sep 2024 Mar 2025 Sep 2025
9.94 19.05 16.81 40.50 14.85
12.34 13.23 18.06 34.22 18.00
Operating Profit -2.40 5.82 -1.25 6.28 -3.15
OPM % -24.14% 30.55% -7.44% 15.51% -21.21%
0.03 0.08 0.07 0.03 0.04
Interest 0.61 0.98 0.86 1.08 1.52
Depreciation 0.44 0.65 0.86 1.74 2.25
Profit before tax -3.42 4.27 -2.90 3.49 -6.88
Tax % -25.15% 27.87% -37.59% 32.95% 1.16%
-2.56 3.08 -1.81 2.34 -6.97
EPS in Rs -3.40 4.09 -2.34 3.01 -8.96
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2018 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
0.58 21.62 25.96 29.54 26.88 28.92 57.31 55.35
0.49 20.33 24.05 26.62 22.38 25.42 52.07 52.22
Operating Profit 0.09 1.29 1.91 2.92 4.50 3.50 5.24 3.13
OPM % 15.52% 5.97% 7.36% 9.88% 16.74% 12.10% 9.14% 5.65%
0.01 0.00 0.03 0.07 0.03 0.11 0.11 0.07
Interest 0.02 0.36 1.13 1.42 1.43 1.67 2.16 2.60
Depreciation 0.06 0.42 0.53 1.25 0.88 1.08 2.60 3.99
Profit before tax 0.02 0.51 0.28 0.32 2.22 0.86 0.59 -3.39
Tax % 0.00% 17.65% 32.14% 46.88% 26.58% 38.37% 10.17%
0.02 0.42 0.20 0.16 1.64 0.53 0.53 -4.63
EPS in Rs 0.11 1.26 0.60 0.31 3.12 0.70 0.68 -5.95
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: 22%
3 Years: 25%
TTM: 54%
Compounded Profit Growth
10 Years: %
5 Years: 5%
3 Years: 49%
TTM: -465%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -63%
Return on Equity
10 Years: %
5 Years: 6%
3 Years: 7%
Last Year: 3%

Balance Sheet

Figures in Rs. Crores

Mar 2018 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 1.85 3.32 3.32 5.17 5.25 7.53 7.78 7.78
Reserves 0.02 -0.39 1.31 1.19 1.64 9.40 14.86 7.89
1.47 4.01 14.12 11.13 13.50 13.93 26.85 33.34
0.53 9.84 12.66 9.02 7.14 9.06 23.96 7.69
Total Liabilities 3.87 16.78 31.41 26.51 27.53 39.92 73.45 56.70
1.89 2.70 4.95 5.59 4.42 6.03 23.76 22.41
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
1.98 14.08 26.46 20.92 23.11 33.89 49.69 34.29
Total Assets 3.87 16.78 31.41 26.51 27.53 39.92 73.45 56.70

Cash Flows

Figures in Rs. Crores

Mar 2018 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-0.53 1.45 -1.71 4.90 -0.16 -5.99 4.56
-2.00 -1.16 -3.47 -0.38 -0.94 -2.63 -20.29
2.57 -0.24 5.49 -4.28 1.44 8.70 13.71
Net Cash Flow 0.03 0.05 0.31 0.24 0.34 0.08 -2.02

Ratios

Figures in Rs. Crores

Mar 2018 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 144.74 88.13 124.43 83.65 72.24 104.12 75.41
Inventory Days 676.59 138.73 242.59 211.46 337.04 351.56 230.83
Days Payable 445.12 126.76 148.43 108.36 109.73 139.70 175.58
Cash Conversion Cycle 376.20 100.10 218.59 186.75 299.54 315.98 130.66
Working Capital Days 402.76 37.65 69.74 45.10 46.85 147.67 56.36
ROCE % 10.82% 9.60% 19.27% 9.87% 6.85%

Insights

In beta
Mar 2024 Mar 2025
Experience in Manufacturing Sector
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Manufacturing Facility Total Area
Sq. Ft.
Number of Manufacturing Units
Number
Permanent Employee Count
Number
Order Book/Inflow Expectation (Sep-Mar)
INR Million

Shareholding Pattern

Numbers in percentages

Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025
69.74% 69.74% 70.52% 70.05% 69.85%
5.47% 5.47% 5.33% 5.30% 5.33%
24.78% 24.78% 24.15% 24.65% 24.81%
No. of Shareholders 209236372523487

* 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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