Stove Kraft Ltd
StoveKraft Ltd was incorporated in 1999 by Mr. Rajendra Gandhi. [1] It manufactures a wide range of kitchen solutions under Pigeon (value), Gilma (semi-premium) brands and acts as an exclusive partner for kitchen appliances of the BLACK + DECKER (premium) brand. The products comprise cookware and cooking appliances, while the home solutions consist of various household utilities, including the recently introduced LED bulbs, oxymeters, etc. [2]
- Market Cap ₹ 2,590 Cr.
- Current Price ₹ 782
- High / Low ₹ 814 / 446
- Stock P/E 61.7
- Book Value ₹ 152
- Dividend Yield 0.38 %
- ROCE 11.3 %
- ROE 8.61 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company has been maintaining a healthy dividend payout of 25.9%
- Debtor days have improved from 32.8 to 26.1 days.
Cons
- Stock is trading at 5.14 times its book value
- Company has a low return on equity of 8.55% over last 3 years.
- Company's cost of borrowing seems high
* 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
Part of BSE Consumer Discretionary BSE 1000
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 321 | 330 | 493 | 524 | 641 | 670 | 859 | 1,134 | 1,281 | 1,361 | 1,448 | 1,607 | |
| 326 | 351 | 489 | 512 | 611 | 636 | 745 | 1,038 | 1,180 | 1,240 | 1,295 | 1,441 | |
| Operating Profit | -5 | -20 | 4 | 12 | 30 | 34 | 114 | 96 | 101 | 121 | 152 | 166 |
| OPM % | -2% | -6% | 1% | 2% | 5% | 5% | 13% | 8% | 8% | 9% | 11% | 10% |
| 4 | 1 | 3 | 4 | 2 | 2 | 0 | -2 | -4 | 0 | 0 | -8 | |
| Interest | 16 | 15 | 15 | 17 | 18 | 21 | 19 | 12 | 18 | 26 | 33 | 27 |
| Depreciation | -4 | 10 | 11 | 12 | 12 | 12 | 14 | 20 | 32 | 49 | 71 | 80 |
| Profit before tax | -12 | -44 | -19 | -13 | 2 | 3 | 81 | 63 | 47 | 46 | 49 | 51 |
| Tax % | 0% | 0% | -0% | 0% | 2% | 0% | 0% | 10% | 24% | 25% | 21% | 18% |
| -12 | -44 | -19 | -13 | 2 | 3 | 81 | 56 | 36 | 34 | 39 | 42 | |
| EPS in Rs | -6.57 | -23.32 | -10.20 | -6.76 | 0.77 | 1.15 | 24.91 | 17.10 | 10.83 | 10.33 | 11.64 | 12.68 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 24% | 26% | 28% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 17% |
| 5 Years: | 13% |
| 3 Years: | 8% |
| TTM: | 11% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | -12% |
| 3 Years: | 6% |
| TTM: | 6% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 1% |
| 3 Years: | 20% |
| 1 Year: | 29% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 10% |
| 3 Years: | 9% |
| Last Year: | 9% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 19 | 19 | 19 | 19 | 25 | 25 | 33 | 33 | 33 | 33 | 33 | 33 |
| Reserves | -122 | -166 | -185 | -197 | -85 | -83 | 270 | 331 | 370 | 406 | 438 | 471 |
| 335 | 365 | 372 | 396 | 321 | 338 | 53 | 78 | 197 | 256 | 348 | 62 | |
| 88 | 122 | 146 | 177 | 168 | 192 | 216 | 286 | 297 | 401 | 386 | 608 | |
| Total Liabilities | 320 | 340 | 352 | 395 | 428 | 472 | 571 | 728 | 897 | 1,097 | 1,204 | 1,174 |
| 172 | 191 | 187 | 181 | 181 | 194 | 221 | 312 | 402 | 510 | 627 | 583 | |
| CWIP | 15 | 0 | 0 | 1 | 2 | 8 | 19 | 9 | 10 | 30 | 23 | 15 |
| Investments | 19 | 8 | 9 | 8 | 9 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| 114 | 140 | 156 | 205 | 237 | 270 | 331 | 407 | 486 | 557 | 554 | 576 | |
| Total Assets | 320 | 340 | 352 | 395 | 428 | 472 | 571 | 728 | 897 | 1,097 | 1,204 | 1,174 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 14 | 10 | 103 | -5 | 76 | 113 | 130 | 258 | |||||
| -11 | -18 | -65 | -115 | -104 | -89 | -79 | -109 | |||||
| 22 | -2 | -22 | 92 | 30 | -19 | -55 | -129 | |||||
| Net Cash Flow | 25 | -11 | 15 | -29 | 2 | 5 | -4 | 19 | ||||
| Free Cash Flow | 3 | -16 | 40 | -113 | -21 | 8 | 49 | 150 | ||||
| CFO/OP | 45% | 29% | 90% | 4% | 87% | 103% | 93% | 163% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 55 | 55 | 44 | 55 | 51 | 56 | 36 | 31 | 40 | 39 | 33 | 26 |
| Inventory Days | 76 | 104 | 78 | 109 | 81 | 96 | 102 | 103 | 103 | 136 | 147 | 133 |
| Days Payable | 105 | 133 | 117 | 150 | 112 | 125 | 100 | 60 | 75 | 111 | 107 | 133 |
| Cash Conversion Cycle | 26 | 26 | 6 | 14 | 20 | 28 | 38 | 74 | 68 | 65 | 73 | 27 |
| Working Capital Days | -59 | -80 | -47 | -34 | -36 | -36 | 23 | 12 | -1 | -9 | -12 | -10 |
| ROCE % | 2% | -13% | -2% | 3% | 8% | 9% | 32% | 19% | 13% | 11% | 11% | 11% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Pigeon Exclusive Brand Outlets (EBO) Count Number of stores |
|
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| Average Sales per EBO per month Rs. Lakhs per store per month |
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| Induction Cooktops Share of Revenue % of revenue |
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| Pressure Cookers Share of Revenue % of revenue |
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| Small Appliances Share of Revenue % of revenue |
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| E-commerce Share of Revenue % of revenue |
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| OEM Exports Share of Revenue % of revenue |
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| Own Retail (EBO) Share of Revenue % of revenue |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Change in Directorate
2 Jul - Mr. Chandru Kalro appointed Additional Director and Vice Chairperson on 2 July 2026, subject to shareholder approval.
- Closure of Trading Window 25 Jun
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Board Comments On The Fine Levied By NSE
25 May - NSE levied Rs. 7,080 fine for delayed Q4 FY26 shareholding pattern filing; paid on 16 May 2026.
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Board In-Principle Approval For Incorporation Of A Wholly-Owned Subsidiary & Also Joint Venture In China
25 May - Board approved China WOS and 50:50 JV for triply cookware materials, subject to approvals.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
25 May - Stove Kraft filed FY26 annual secretarial compliance report; no non-compliances observed.
Annual reports
Concalls
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May 2026Transcript PPT REC
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Feb 2026Transcript PPT REC
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Nov 2025Transcript PPT REC
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Aug 2025Transcript PPT
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May 2025Transcript PPT
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Feb 2025Transcript PPT
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Nov 2024Transcript PPT
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Aug 2024Transcript PPT REC
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May 2024Transcript PPT
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT
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Jun 2023Transcript PPT REC
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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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Jun 2022Transcript PPT
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Mar 2022TranscriptPPT
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Feb 2022Transcript PPT
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Nov 2021Transcript PPT
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Jul 2021TranscriptAI SummaryPPT
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May 2021TranscriptAI SummaryPPT
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Feb 2021TranscriptPPT
Leading Home Appliance Brand
The company is one of the leading brands for home and kitchen appliances in India one of the dominant players for pressure cookers, and among the market leaders in standing hobs, cooktops, and nonstick cookware. [1] It has the 3rd largest market share of 12% in non-stick cookware by volume. [2]