Butterfly Gandhimathi Appliances Ltd

Butterfly Gandhimathi Appliances Ltd

₹ 753 -1.25%
21 May 10:02 a.m.
About

Butterfly Gandhimathi Appliances manufactures LPG Stoves, Mixer Grinders, Table Top Wet Grinders and Stainless Steel and Aluminium Pressure Cookers amongst others. Established in 1986, It is one of the largest Kitchen Appliances companies in India. It is a market leader for SS LPG Stoves & Table Top Wet Grinders and a major supplier of Mixer Grinders & Pressure Cookers. [1]

Key Points

Background
Founded in 1986, Butterfly is one of the most renowned domestic kitchen and electrical appliances brands in India. It was the first company in India to introduce stainless steel pressure cookers, stainless steel LPG stoves and vacuum flasks with high heat retention capacity.[1]

  • Market Cap 1,346 Cr.
  • Current Price 753
  • High / Low 1,251 / 550
  • Stock P/E 41.4
  • Book Value 182
  • Dividend Yield 0.00 %
  • ROCE 15.5 %
  • ROE 10.5 %
  • Face Value 10.0

Pros

  • Company is almost debt free.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 5.03% over past five years.
  • Company has a low return on equity of 10.8% over last 3 years.
  • Working capital days have increased from 38.1 days to 68.4 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.

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Quarterly Results

Figures in Rs. Crores

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
189.84 253.50 367.82 248.44 186.80 218.98 307.97 237.95 166.38 181.70 257.70 238.09 187.00
207.21 227.75 326.65 226.81 178.97 199.29 282.86 235.59 186.15 172.52 234.84 220.99 170.88
Operating Profit -17.37 25.75 41.17 21.63 7.83 19.69 25.11 2.36 -19.77 9.18 22.86 17.10 16.12
OPM % -9.15% 10.16% 11.19% 8.71% 4.19% 8.99% 8.15% 0.99% -11.88% 5.05% 8.87% 7.18% 8.62%
-5.95 0.36 3.56 1.99 0.81 1.11 1.29 1.38 -1.04 2.04 1.63 1.07 2.23
Interest 3.27 1.87 1.83 1.52 1.28 1.34 1.79 1.93 1.37 1.57 1.52 1.13 0.97
Depreciation 3.27 3.88 4.05 4.00 4.21 3.80 5.13 4.59 4.54 6.13 6.08 5.52 5.37
Profit before tax -29.86 20.36 38.85 18.10 3.15 15.66 19.48 -2.78 -26.72 3.52 16.89 11.52 12.01
Tax % -35.06% 34.92% 35.32% 35.14% 50.16% 5.94% 25.10% -22.30% -26.01% 28.41% 24.99% 27.95% 24.81%
-19.38 13.24 25.13 11.74 1.56 14.73 14.59 -2.16 -19.76 2.52 12.68 8.31 9.03
EPS in Rs -10.84 7.41 14.06 6.57 0.87 8.24 8.16 -1.21 -11.05 1.41 7.09 4.65 5.05
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
762 526 898 401 538 650 676 862 960 1,057 931 864
707 487 838 421 504 605 636 782 901 959 903 799
Operating Profit 55 40 60 -20 35 46 41 80 59 97 28 65
OPM % 7% 8% 7% -5% 6% 7% 6% 9% 6% 9% 3% 8%
6 4 5 2 2 2 1 2 -5 7 3 7
Interest 22 30 34 23 18 22 24 17 14 7 7 5
Depreciation 5 10 12 12 12 13 14 16 15 16 18 23
Profit before tax 34 4 19 -53 6 12 4 48 25 80 6 44
Tax % 35% 33% 35% -3% 18% 23% 4% 25% 35% 36% -31% 26%
22 3 12 -52 5 10 4 36 16 52 7 33
EPS in Rs 12.53 1.58 6.93 -28.95 2.69 5.35 2.23 20.22 9.02 28.90 4.13 18.19
Dividend Payout % 0% 0% 18% 0% 0% 0% 0% 15% 33% 0% 0% 0%
Compounded Sales Growth
10 Years: 5%
5 Years: 5%
3 Years: -3%
TTM: -7%
Compounded Profit Growth
10 Years: 28%
5 Years: 52%
3 Years: 17%
TTM: 300%
Stock Price CAGR
10 Years: 16%
5 Years: 51%
3 Years: -18%
1 Year: -1%
Return on Equity
10 Years: 6%
5 Years: 11%
3 Years: 11%
Last Year: 11%

Balance Sheet

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 18 18 18 18 18 18 18 18 18 18 18 18
Reserves 206 208 217 157 162 172 175 206 217 268 274 307
186 190 205 158 208 154 170 29 53 5 4 12
241 153 147 85 79 121 129 235 230 212 240 132
Total Liabilities 651 569 587 418 468 464 492 489 518 503 536 470
159 172 170 167 166 167 169 163 164 163 157 155
CWIP 4 3 3 4 2 7 3 3 6 4 8 8
Investments 0 0 0 0 0 0 0 0 0 0 32 84
487 394 415 247 300 290 320 322 348 336 338 222
Total Assets 651 569 587 418 468 464 492 489 518 503 536 470

Cash Flows

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-77 45 24 145 -35 82 17 207 -21 122 37 34
-65 -21 -9 -10 -9 -19 -13 -11 -18 -29 -21 -55
116 -28 -17 -116 32 -77 -7 -164 7 -61 -8 -10
Net Cash Flow -26 -5 -2 18 -12 -13 -2 32 -32 31 8 -31

Ratios

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 134 134 105 80 89 66 63 31 35 43 52 34
Inventory Days 123 204 76 161 147 136 162 128 120 68 82 74
Days Payable 153 143 65 88 66 95 83 118 79 68 76 44
Cash Conversion Cycle 104 195 116 152 170 107 142 42 76 43 58 65
Working Capital Days 106 151 102 102 120 84 90 17 40 24 22 68
ROCE % 17% 8% 13% -8% 7% 10% 8% 21% 17% 30% 5% 16%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
88.78% 82.78% 82.78% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00%
0.03% 0.03% 0.03% 0.03% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.00% 0.01%
0.72% 5.43% 5.61% 5.84% 6.33% 6.52% 6.47% 6.33% 5.09% 4.49% 3.55% 2.46%
10.47% 11.76% 11.58% 19.14% 18.68% 18.48% 18.53% 18.67% 19.90% 20.50% 21.45% 22.52%
No. of Shareholders 19,67819,90719,28118,93119,33119,34215,25816,02417,04316,91516,92716,966

* 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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