Dolphin Kitchen Utencils and Applicances Limited
Incorporated in 1995, Sai Swami Metals and Alloys manufactures and trades stainless Steel Cookware & appliances[1]
- Market Cap ₹ 41.1 Cr.
- Current Price ₹ 31.0
- High / Low ₹ 50.3 / 24.2
- Stock P/E 7.38
- Book Value ₹ 50.2
- Dividend Yield 0.00 %
- ROCE 19.3 %
- ROE 17.8 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.62 times its book value
- Debtor days have improved from 310 to 108 days.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -9.11%
- Working capital days have increased from 82.0 days to 190 days
* 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 Household Appliances
Half Yearly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 7m | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|
| 6.27 | 40.73 | 65.16 | 67.21 | |
| 6.23 | 37.29 | 59.70 | 60.43 | |
| Operating Profit | 0.04 | 3.44 | 5.46 | 6.78 |
| OPM % | 0.64% | 8.45% | 8.38% | 10.09% |
| 0.00 | 0.00 | 0.01 | 0.01 | |
| Interest | 0.01 | 0.46 | 0.27 | 0.26 |
| Depreciation | 0.00 | 0.09 | 0.15 | 0.20 |
| Profit before tax | 0.03 | 2.89 | 5.05 | 6.33 |
| Tax % | 0.00% | 25.26% | 26.53% | |
| 0.03 | 2.16 | 3.71 | 5.57 | |
| EPS in Rs | 30.00 | 5.25 | 5.61 | 5.89 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 83% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 95% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -32% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 24% |
| Last Year: | 18% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|
| Equity Capital | 0.01 | 4.12 | 6.62 | 12.53 |
| Reserves | 0.35 | 2.99 | 28.06 | 50.40 |
| 6.75 | 5.47 | 7.95 | 7.77 | |
| 18.72 | 7.53 | 6.62 | 8.41 | |
| Total Liabilities | 25.83 | 20.11 | 49.25 | 79.11 |
| 0.41 | 0.35 | 2.12 | 2.04 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.13 | 0.59 | 4.24 | 4.32 |
| 25.29 | 19.17 | 42.89 | 72.75 | |
| Total Assets | 25.83 | 20.11 | 49.25 | 79.11 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| -4.74 | -1.20 | -20.72 | |
| -1.20 | -0.49 | -5.61 | |
| 6.10 | 2.36 | 26.43 | |
| Net Cash Flow | 0.16 | 0.67 | 0.10 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Debtor Days | 781.81 | 41.58 | 107.94 |
| Inventory Days | 526.31 | 135.05 | 96.19 |
| Days Payable | 844.21 | 68.69 | 27.14 |
| Cash Conversion Cycle | 463.91 | 107.94 | 177.00 |
| Working Capital Days | 1.16 | 54.31 | 190.45 |
| ROCE % | 34.03% | 19.27% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer
26 Jan - CS Vidhi Dilipkumar Mehta resigned as Company Secretary and Compliance Officer effective 26 Jan 2026.
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 16 Jan
- Closure of Trading Window 29 Dec 2025
-
Announcement under Regulation 30 (LODR)-Diversification / Disinvestment
17 Dec 2025 - Sold 100% of Bhagat Marketing to promoter (80%) for Rs2,96,24,000; completion by 31-12-2025.
-
Board Meeting Outcome for Outcome Of Meeting Of Board In Accordance With Regulation 30 Obligations Of The SEBI (Listing And Disclosure Requirements) Regulations, 2015.
17 Dec 2025 - Divested 100% stake in Bhagat Marketing Pvt Ltd for Rs 2,96,24,000; sale estimated complete by 31-12-2025.
Business Overview:[1][2]
SSMAL is involved in trading and marketing
of stainless-steel products. It provides a wide range of kitchenware, including Dinner Sets, S.S. Casseroles, S.S. Multi Kadai, S.S. Water Bottles, Stainless Steel Sheets, Stainless Steel Circles, and various types of utensils.
Company is also engaged in trading of basic raw material like S.S. Patta, S.S. Sheet, S.S.
Coil, $.5. Scrap, S.S. Pipe, M.S. Round (Mild steel Round) and M.S. beam, etc.