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 ₹ 1,286 Cr.
- Current Price ₹ 719
- High / Low ₹ 1,251 / 550
- Stock P/E 41.5
- Book Value ₹ 182
- Dividend Yield 0.00 %
- ROCE 15.0 %
- ROE 10.0 %
- 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 10.6% over last 3 years.
* 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
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 | 66 |
| 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 | 6 |
| 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: | 27% |
| 5 Years: | 51% |
| 3 Years: | 15% |
| TTM: | 291% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 41% |
| 3 Years: | -18% |
| 1 Year: | -16% |
| Return on Equity | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 11% |
| 3 Years: | 11% |
| Last Year: | 10% |
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 | 195 | 132 | |
| Total Liabilities | 651 | 569 | 587 | 418 | 468 | 464 | 492 | 489 | 518 | 503 | 491 | 470 |
| 159 | 172 | 170 | 167 | 166 | 167 | 169 | 163 | 164 | 163 | 157 | 151 | |
| CWIP | 4 | 3 | 3 | 4 | 2 | 7 | 3 | 3 | 6 | 4 | 8 | 12 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 32 | 84 |
| 487 | 394 | 415 | 247 | 300 | 290 | 320 | 322 | 348 | 336 | 293 | 222 | |
| Total Assets | 651 | 569 | 587 | 418 | 468 | 464 | 492 | 489 | 518 | 503 | 491 | 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 | 34 | 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 | 40 | 65 |
| Working Capital Days | 106 | 151 | 102 | 102 | 120 | 84 | 90 | 17 | 40 | 24 | 22 | 33 |
| ROCE % | 17% | 8% | 13% | -8% | 7% | 10% | 8% | 21% | 17% | 30% | 5% | 15% |
Documents
Announcements
-
Announcement Under Regulation 30 Of SEBI LODR Regulations 2015
3 Jul - Appointed Kaushik Moorthy as National Sales Head; Haresh Sundar to focus on Downstream Marketing from July 3, 2025.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
30 Jun - AGM Notice post Dispatch - Newspaper publication
-
Reg. 34 (1) Annual Report.
28 Jun - Butterfly announces 38th AGM on Aug 5, 2025; FY25 revenue ₹86,450.15L, EBITDA margin 7.55%, strategic growth initiatives.
-
Business Responsibility and Sustainability Reporting (BRSR)
28 Jun - AGM on Aug 5, 2025; FY25 revenue ₹864.5 Cr, EBITDA ₹65.25 Cr; strategic turnaround and digital initiatives.
- Annual General Meeting 28 Jun
Annual reports
-
Financial Year 2025
from bse
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
Concalls
-
Mar 2023TranscriptNotesPPT
-
Aug 2022TranscriptNotesPPT
-
Feb 2022TranscriptNotesPPT
-
Oct 2021TranscriptNotesPPT
-
Aug 2021TranscriptNotesPPT
-
May 2021TranscriptNotesPPT
-
Feb 2021TranscriptNotesPPT
-
Feb 2021Transcript PPT
-
Nov 2020Transcript PPT
-
Aug 2020Transcript PPT
-
Jun 2020Transcript PPT
-
Feb 2020Transcript PPT
-
Nov 2019TranscriptNotesPPT
-
Aug 2019TranscriptNotesPPT
-
May 2019TranscriptNotesPPT
-
Feb 2019TranscriptNotesPPT
-
Nov 2018TranscriptNotesPPT
-
Oct 2018TranscriptNotesPPT
-
Aug 2018TranscriptNotesPPT
-
May 2018TranscriptNotesPPT
-
May 2018TranscriptNotesPPT
-
Feb 2018TranscriptNotesPPT
-
Nov 2017TranscriptNotesPPT
-
Sep 2017TranscriptNotesPPT
-
May 2017TranscriptNotesPPT
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]