Comrade Appliances Ltd
Incorporated in 2017, Comrade Appliances
Ltd is in the business of manufacturing
Electrical Machinery and Apparatus[1]
- Market Cap ₹ 24.9 Cr.
- Current Price ₹ 32.0
- High / Low ₹ 112 / 28.6
- Stock P/E
- Book Value ₹ 16.9
- Dividend Yield 0.00 %
- ROCE -23.2 %
- ROE -52.8 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 3.01% over past five years.
- Company has a low return on equity of -16.9% over last 3 years.
- Company might be capitalizing the interest cost
* 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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| 0.58 | 21.62 | 25.96 | 29.54 | 26.88 | 28.92 | 57.31 | 30.11 | |
| 0.49 | 20.33 | 24.05 | 26.62 | 22.38 | 25.42 | 52.07 | 34.79 | |
| Operating Profit | 0.09 | 1.29 | 1.91 | 2.92 | 4.50 | 3.50 | 5.24 | -4.68 |
| OPM % | 15.52% | 5.97% | 7.36% | 9.88% | 16.74% | 12.10% | 9.14% | -15.54% |
| 0.01 | 0.00 | 0.03 | 0.07 | 0.03 | 0.11 | 0.11 | 0.08 | |
| Interest | 0.02 | 0.36 | 1.13 | 1.42 | 1.43 | 1.67 | 2.16 | 0.00 |
| Depreciation | 0.06 | 0.42 | 0.53 | 1.25 | 0.88 | 1.08 | 2.60 | 4.55 |
| Profit before tax | 0.02 | 0.51 | 0.28 | 0.32 | 2.22 | 0.86 | 0.59 | -9.15 |
| Tax % | 0.00% | 17.65% | 32.14% | 46.88% | 26.58% | 38.37% | 10.17% | 3.39% |
| 0.02 | 0.42 | 0.20 | 0.16 | 1.64 | 0.53 | 0.53 | -9.46 | |
| EPS in Rs | 0.11 | 1.26 | 0.60 | 0.31 | 3.12 | 0.70 | 0.68 | -12.16 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 3% |
| 3 Years: | 4% |
| TTM: | -47% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -1885% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -59% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | -11% |
| 3 Years: | -17% |
| Last Year: | -53% |
Balance Sheet
Figures in Rs. Crores
| Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| 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 | 5.40 |
| 1.47 | 4.01 | 14.12 | 11.13 | 13.50 | 13.93 | 26.85 | 16.24 | |
| 0.53 | 9.84 | 12.66 | 9.02 | 7.14 | 9.06 | 23.96 | 35.27 | |
| Total Liabilities | 3.87 | 16.78 | 31.41 | 26.51 | 27.53 | 39.92 | 73.45 | 64.69 |
| 1.89 | 2.70 | 4.95 | 5.59 | 4.42 | 6.03 | 23.76 | 23.81 | |
| 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 | 40.88 | |
| Total Assets | 3.87 | 16.78 | 31.41 | 26.51 | 27.53 | 39.92 | 73.45 | 64.69 |
Cash Flows
Figures in Rs. Crores
| Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| -0.53 | 1.45 | -1.71 | 4.90 | -0.16 | -5.99 | 4.56 | -5.24 | |
| -2.00 | -1.16 | -3.47 | -0.38 | -0.94 | -2.63 | -20.29 | -4.53 | |
| 2.57 | -0.24 | 5.49 | -4.28 | 1.44 | 8.70 | 13.71 | 9.86 | |
| Net Cash Flow | 0.03 | 0.05 | 0.31 | 0.24 | 0.34 | 0.08 | -2.02 | 0.10 |
| Free Cash Flow | -2.47 | 0.29 | -5.18 | 4.52 | -1.12 | -8.69 | -15.78 | -9.84 |
| CFO/OP | -589% | 118% | -85% | 173% | 9% | -171% | 91% | 112% |
Ratios
Figures in Rs. Crores
| Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 144.74 | 88.13 | 124.43 | 83.65 | 72.24 | 104.12 | 75.41 | 0.00 |
| Inventory Days | 676.59 | 138.73 | 242.59 | 211.46 | 337.04 | 351.56 | 230.83 | 396.37 |
| Days Payable | 445.12 | 126.76 | 148.43 | 108.36 | 109.73 | 139.70 | 175.58 | 196.76 |
| Cash Conversion Cycle | 376.20 | 100.10 | 218.59 | 186.75 | 299.54 | 315.98 | 130.66 | 199.61 |
| Working Capital Days | 402.76 | 37.65 | 69.74 | 45.10 | 46.85 | 147.67 | 56.36 | -75.52 |
| ROCE % | 10.82% | 9.60% | 19.27% | 9.87% | 6.85% | -23.19% |
Insights
In beta| Mar 2024 | Mar 2025 | |
|---|---|---|
| Experience in Manufacturing Sector Years |
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| Manufacturing Facility Total Area Sq. Ft. |
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| Number of Manufacturing Units Number |
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| Permanent Employee Count Number |
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| Order Book/Inflow Expectation (Sep-Mar) INR Million |
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Extracted by Screener AI
Documents
Announcements
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Audited Financial Results For The Half Year And Year Ended 31St March, 2026.
29 May - Board approved audited half-year and FY26 results; auditor issued unmodified opinion.
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Board Meeting Outcome for Outcome Of Board Meeting And Submission Of Audited Financial Results For The Half Year And Year Ended March 31, 2026
29 May - Board approved audited results for half-year and year ended March 31, 2026; audit opinion unmodified.
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Board Meeting Intimation for Intimation Under Regulation 29 Of SEBI (LODR) Regulations, 2015.
20 May - Board meeting on May 29, 2026 to approve audited FY26 and half-year results; trading window closed from April 1.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
7 Apr - The certificate required under regulation 74(5) of SEBI (Depositories and participants) Regulation, 2018 for quarter and year ended March 31, 2026.
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Closure of Trading Window
24 Mar - Trading window closed from April 1, 2026 until 48 hours after audited results.
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.