Comrade Appliances Ltd
Incorporated in 2017, Comrade Appliances
Ltd is in the business of manufacturing
Electrical Machinery and Apparatus[1]
- Market Cap ₹ 61.0 Cr.
- Current Price ₹ 78.9
- High / Low ₹ 174 / 0.00
- 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
- Stock is trading at 4.35 times its book value
- 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.
Peer comparison
Consumer Discretionary Consumer Durables Consumer Durables Consumer Electronics
Half Yearly Results
Figures in Rs. Crores
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: | -32% |
| 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% |
Documents
Announcements
- Unaudited Financial Result For Half Year Ended. 2d
-
Board Meeting Outcome for Outcome Of Board Meeting And Submission Of Unaudited Financial Results For The Half Year Ended September 30, 2025.
2d - Board approved unaudited results for half year ended Sep 30, 2025; limited review report enclosed.
-
Board Meeting Intimation for Half Year Ended On September 30, 2025, Scheduled To Be Held On November 14, 2025.
10 Nov - Board meeting Nov 14, 2025 to approve unaudited results for half-year ended Sept 30, 2025; trading window closed.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
20 Oct - Certificate under Regulation 74(5) of SEBI (DP) Regulations, 2018 for the quarter ended September 30, 2025.
-
Announcement under Regulation 30 (LODR)-Change in Management
3 Oct - Resignation of Malvika Jagani effective Oct 03, 2025; Anshita Malani appointed CS effective Oct 04, 2025.
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.