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 ₹ 2,273 Cr.
- Current Price ₹ 1,271
- High / Low ₹ 1,903 / 978
- Stock P/E 42.8
- Book Value ₹ 160
- Dividend Yield 0.24 %
- ROCE 30.3 %
- ROE 19.8 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 60.7% CAGR over last 5 years
Cons
- Stock is trading at 7.89 times its book value
* 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 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
582 | 724 | 762 | 526 | 898 | 401 | 538 | 650 | 676 | 862 | 960 | 1,057 | 1,022 | |
525 | 661 | 707 | 487 | 838 | 421 | 504 | 605 | 636 | 782 | 901 | 959 | 932 | |
Operating Profit | 57 | 63 | 55 | 40 | 60 | -20 | 35 | 46 | 41 | 80 | 59 | 97 | 90 |
OPM % | 10% | 9% | 7% | 8% | 7% | -5% | 6% | 7% | 6% | 9% | 6% | 9% | 9% |
6 | 4 | 6 | 4 | 5 | 2 | 2 | 2 | 1 | 2 | -5 | 7 | 7 | |
Interest | 18 | 15 | 22 | 30 | 34 | 23 | 18 | 22 | 24 | 17 | 14 | 7 | 6 |
Depreciation | 2 | 4 | 5 | 10 | 12 | 12 | 12 | 13 | 14 | 16 | 15 | 16 | 16 |
Profit before tax | 44 | 48 | 34 | 4 | 19 | -53 | 6 | 12 | 4 | 48 | 25 | 80 | 76 |
Tax % | 31% | 30% | 35% | 33% | 35% | 3% | 18% | 23% | 4% | 25% | 35% | 36% | |
30 | 33 | 22 | 3 | 12 | -52 | 5 | 10 | 4 | 36 | 16 | 52 | 53 | |
EPS in Rs | 19.71 | 18.69 | 12.53 | 1.58 | 6.93 | -28.95 | 2.69 | 5.35 | 2.23 | 20.22 | 9.02 | 28.90 | 29.74 |
Dividend Payout % | 10% | 13% | 0% | 0% | 18% | 0% | 0% | 0% | 0% | 15% | 33% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 4% |
5 Years: | 14% |
3 Years: | 16% |
TTM: | -6% |
Compounded Profit Growth | |
---|---|
10 Years: | 4% |
5 Years: | 61% |
3 Years: | 135% |
TTM: | 52% |
Stock Price CAGR | |
---|---|
10 Years: | 16% |
5 Years: | 38% |
3 Years: | 66% |
1 Year: | -25% |
Return on Equity | |
---|---|
10 Years: | 5% |
5 Years: | 11% |
3 Years: | 15% |
Last Year: | 20% |
Balance Sheet
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
15 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | |
Reserves | 60 | 183 | 206 | 208 | 217 | 157 | 162 | 172 | 175 | 206 | 217 | 268 |
106 | 43 | 186 | 190 | 205 | 158 | 208 | 154 | 170 | 29 | 53 | 5 | |
108 | 297 | 241 | 153 | 147 | 85 | 79 | 121 | 129 | 235 | 230 | 212 | |
Total Liabilities | 290 | 542 | 651 | 569 | 587 | 418 | 468 | 464 | 492 | 489 | 518 | 503 |
78 | 98 | 159 | 172 | 170 | 167 | 166 | 167 | 169 | 163 | 164 | 163 | |
CWIP | 2 | 4 | 4 | 3 | 3 | 4 | 2 | 7 | 3 | 3 | 6 | 4 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
210 | 440 | 487 | 394 | 415 | 247 | 300 | 290 | 320 | 322 | 348 | 336 | |
Total Assets | 290 | 542 | 651 | 569 | 587 | 418 | 468 | 464 | 492 | 489 | 518 | 503 |
Cash Flows
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
43 | 26 | -77 | 45 | 24 | 145 | -35 | 82 | 17 | 207 | -21 | 122 | |
-37 | -24 | -65 | -21 | -9 | -10 | -9 | -19 | -13 | -11 | -18 | -29 | |
7 | 23 | 116 | -28 | -17 | -116 | 32 | -77 | -7 | -164 | 7 | -61 | |
Net Cash Flow | 13 | 24 | -26 | -5 | -2 | 18 | -12 | -13 | -2 | 32 | -32 | 31 |
Ratios
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 59 | 99 | 134 | 134 | 105 | 80 | 89 | 66 | 63 | 31 | 35 | 43 |
Inventory Days | 79 | 122 | 123 | 204 | 76 | 161 | 147 | 136 | 162 | 128 | 120 | 68 |
Days Payable | 81 | 169 | 153 | 143 | 65 | 88 | 66 | 95 | 83 | 118 | 79 | 68 |
Cash Conversion Cycle | 58 | 51 | 104 | 195 | 116 | 152 | 170 | 107 | 142 | 42 | 76 | 43 |
Working Capital Days | 48 | 50 | 106 | 151 | 102 | 102 | 120 | 84 | 90 | 17 | 40 | 24 |
ROCE % | 41% | 30% | 17% | 8% | 13% | -8% | 7% | 10% | 8% | 21% | 17% | 30% |
Documents
Announcements
- Closure of Trading Window 24h
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 1d
- Announcement Under Regualtion 30 - Award Intimation 2d
- Announcement under Regulation 30 (LODR)-Newspaper Publication 2d
- Hon'Ble NCLT Convened Meeting Of Butterfly Gandhimathi Appliances Limited Scheduled To Be Held On Saturday, October 28, 2023 At 143, Pudupakkam Village, Vandalur - Kelambakkam Road, Kelambakkam -603103 25 Sep
Annual reports
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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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Sep 2017TranscriptNotesPPT
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May 2017TranscriptNotesPPT
Brand and Market Share
It sells its products under the brand name of “Butterfly”. It is no.1 in India for SS LPG Stoves & Table Top Wet Grinders.
It is one of the top three players In India for Domestic Kitchen Appliances. [1]