Greenchef Appliances Ltd
Incorporated in 2010, Greenchef Appliances
Ltd is in the business of manufacturing and marketing of a wide range of kitchen appliances[1]
- Market Cap ₹ 141 Cr.
- Current Price ₹ 60.7
- High / Low ₹ 90.0 / 54.6
- Stock P/E 23.8
- Book Value ₹ 51.8
- Dividend Yield 0.00 %
- ROCE 6.14 %
- ROE 5.06 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Stock is trading at 1.17 times its book value
- Company has delivered good profit growth of 39.4% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 9.42% over past five years.
- Company has a low return on equity of 7.76% over last 3 years.
- Company might be capitalizing the interest cost
* 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
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 238 | 239 | 329 | 320 | 321 | 373 | |
| 230 | 229 | 321 | 299 | 308 | 358 | |
| Operating Profit | 8 | 10 | 8 | 20 | 12 | 15 |
| OPM % | 3% | 4% | 2% | 6% | 4% | 4% |
| 0 | 0 | 1 | 3 | 1 | 1 | |
| Interest | 5 | 4 | 6 | 5 | 6 | 5 |
| Depreciation | 2 | 2 | 2 | 3 | 2 | 2 |
| Profit before tax | 2 | 4 | 1 | 15 | 6 | 8 |
| Tax % | 26% | 31% | 43% | 28% | 19% | 29% |
| 1 | 3 | 1 | 10 | 5 | 6 | |
| EPS in Rs | 3.17 | 8.59 | 1.43 | 6.13 | 2.08 | 2.56 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 9% |
| 3 Years: | 4% |
| TTM: | 16% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 39% |
| 3 Years: | 133% |
| TTM: | 22% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -20% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 7% |
| 3 Years: | 8% |
| Last Year: | 5% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 4 | 4 | 4 | 17 | 23 | 23 |
| Reserves | 44 | 47 | 47 | 44 | 91 | 97 |
| 42 | 51 | 67 | 66 | 121 | 85 | |
| 33 | 37 | 58 | 68 | 54 | 101 | |
| Total Liabilities | 122 | 139 | 176 | 194 | 290 | 306 |
| 19 | 19 | 26 | 31 | 38 | 46 | |
| CWIP | 0 | 0 | 3 | 12 | 37 | 56 |
| Investments | 1 | 1 | 1 | 0 | 0 | 0 |
| 102 | 119 | 146 | 152 | 215 | 204 | |
| Total Assets | 122 | 139 | 176 | 194 | 290 | 306 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| -1 | -4 | 3 | 21 | -24 | 34 | |
| -2 | -2 | -13 | -16 | -34 | -30 | |
| 3 | 7 | 10 | -5 | 97 | -42 | |
| Net Cash Flow | -0 | 1 | 0 | -0 | 40 | -38 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 90 | 91 | 72 | 67 | 93 | 98 |
| Inventory Days | 84 | 94 | 109 | 136 | 136 | 144 |
| Days Payable | 66 | 60 | 76 | 94 | 67 | 144 |
| Cash Conversion Cycle | 109 | 125 | 105 | 109 | 162 | 99 |
| Working Capital Days | 80 | 82 | 57 | 53 | 28 | 37 |
| ROCE % | 9% | 6% | 15% | 6% | 6% |
Documents
Announcements
-
Disclosure of material issue
30 July 2025 - Greenchef shifting production and warehouses from Dobaspet to Tumakuru over 2-3 months.
-
Credit Rating
25 July 2025 - Greenchef withdraws Brickwork Ratings for Rs 53.43 Cr loans; ratings reaffirmed but issuer non-cooperating.
-
Structural Digital Database
21 July 2025 - Compliance certificate for SEBI Insider Trading database for Q1 FY2025-26 with 2 UPSI events recorded.
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
14 July 2025 - Certificate under SEBI Reg 74(5) confirming dematerialisation status for quarter ended June 30, 2025.
-
Credit Rating- Others
10 July 2025 - Greenchef withdraws CRISIL ratings; ratings were non-cooperative and subsequently withdrawn for Rs 20 Cr loans.
Business Overview:[1]
GAL is an ISO 9001: 2008 Certified company providing home appliances to consumers. Currently, company provides 25 major categories and 150 range of products.