Comrade Appliances Ltd

Comrade Appliances Ltd

₹ 32.0 -0.74%
09 Jun - 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 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.

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Half Yearly Results

Figures in Rs. Crores

Sep 2023 Mar 2024 Sep 2024 Mar 2025 Sep 2025 Mar 2026
9.94 19.05 16.81 40.50 14.85 15.26
12.34 13.23 18.06 34.22 18.00 15.25
Operating Profit -2.40 5.82 -1.25 6.28 -3.15 0.01
OPM % -24.14% 30.55% -7.44% 15.51% -21.21% 0.07%
0.03 0.08 0.07 0.03 0.04 0.03
Interest 0.61 0.98 0.86 1.08 1.52 0.00
Depreciation 0.44 0.65 0.86 1.74 2.25 2.30
Profit before tax -3.42 4.27 -2.90 3.49 -6.88 -2.26
Tax % -25.15% 27.87% -37.59% 32.95% 1.16% 10.18%
-2.56 3.08 -1.81 2.34 -6.97 -2.49
EPS in Rs -3.40 4.09 -2.34 3.01 -8.96 -3.20
Raw PDF

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

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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

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

2 Recently
Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025Mar 2026
69.74% 69.74% 70.52% 70.05% 69.85% 70.05%
5.47% 5.47% 5.33% 5.30% 5.33% 5.30%
24.78% 24.78% 24.15% 24.65% 24.81% 24.66%
No. of Shareholders 209236372523487441

* 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.

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