Butterfly Gandhimathi Appliances Ltd
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]
- 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.
Peer comparison
Sector: Consumer Durables Industry: Domestic Appliances
Quarterly Results
Figures in Rs. Crores
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% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Change in Management
13 May - Butterfly Gandhimathi reports Q4 FY25 revenue Rs187 Cr, EBITDA 8.6%, appoints new company secretary and auditors.
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Appointment of Company Secretary and Compliance Officer
13 May - Butterfly Gandhimathi reports FY25 audited results with 12% Q4 revenue growth, improved EBITDA, appoints new Company Secretary and auditors.
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Integrated Filing (Financial)
13 May - Butterfly Gandhimathi reports FY25 audited results with 12% Q4 revenue growth, improved EBITDA, new Company Secretary appointed.
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Board Meeting Outcome for Outcome Of Meeting Of Board Held On May 13, 2025.
13 May - Q4 FY25 revenue Rs187 Cr (+12% YoY), EBITDA margin 8.6%, new Company Secretary appointed, auditors re-appointed.
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Board Meeting Intimation for Intimation Of Board Meeting Under Regulation 29 Of The SEBI (LODR) Regulations, 2015, ('SEBI LODR')
2 May - Board meeting on May 13 to approve FY25 audited results; trading window closed till May 15.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Concalls
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Mar 2023TranscriptNotesPPT
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Aug 2022TranscriptNotesPPT
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Oct 2021TranscriptNotesPPT
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Nov 2019TranscriptNotesPPT
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Nov 2017TranscriptNotesPPT
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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]