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 ₹ 1,410 Cr.
- Current Price ₹ 427
- High / Low ₹ 579 / 372
- Stock P/E 55.3
- Book Value ₹ 130
- Dividend Yield 0.00 %
- ROCE 12.5 %
- ROE 9.29 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 39.0% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
* 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
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
588 | 377 | 333 | 321 | 330 | 493 | 524 | 641 | 670 | 859 | 1,134 | 1,281 | 1,317 | |
596 | 422 | 337 | 326 | 351 | 489 | 512 | 611 | 636 | 745 | 1,038 | 1,180 | 1,217 | |
Operating Profit | -8 | -45 | -4 | -5 | -20 | 4 | 12 | 30 | 34 | 114 | 96 | 101 | 100 |
OPM % | -1% | -12% | -1% | -2% | -6% | 1% | 2% | 5% | 5% | 13% | 8% | 8% | 8% |
10 | 0 | 0 | 4 | 1 | 3 | 4 | 2 | 2 | 0 | -2 | -4 | 2 | |
Interest | 0 | 14 | 15 | 16 | 15 | 15 | 17 | 18 | 21 | 19 | 12 | 18 | 23 |
Depreciation | 0 | 8 | 9 | -4 | 10 | 11 | 12 | 12 | 12 | 14 | 20 | 32 | 44 |
Profit before tax | 2 | -68 | -28 | -12 | -44 | -19 | -13 | 2 | 3 | 81 | 63 | 47 | 35 |
Tax % | 59% | -7% | 0% | 0% | 0% | 0% | 0% | 2% | 0% | 0% | 10% | 24% | |
1 | -73 | -28 | -12 | -44 | -19 | -13 | 2 | 3 | 81 | 56 | 36 | 25 | |
EPS in Rs | 0.53 | -38.39 | -14.90 | -6.57 | -23.32 | -10.20 | -6.76 | 0.77 | 1.15 | 24.91 | 17.10 | 10.83 | 7.71 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 13% |
5 Years: | 20% |
3 Years: | 24% |
TTM: | 4% |
Compounded Profit Growth | |
---|---|
10 Years: | 10% |
5 Years: | 39% |
3 Years: | 125% |
TTM: | -49% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | -3% |
1 Year: | 14% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 21% |
Last Year: | 9% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 25 | 25 | 33 | 33 | 33 | 33 |
Reserves | 46 | -27 | 41 | -122 | -166 | -185 | -197 | -85 | -83 | 270 | 331 | 370 | 395 |
108 | 111 | 108 | 335 | 365 | 372 | 396 | 321 | 338 | 53 | 78 | 197 | 148 | |
140 | 101 | 85 | 88 | 122 | 146 | 177 | 168 | 192 | 216 | 286 | 297 | 480 | |
Total Liabilities | 313 | 204 | 253 | 320 | 340 | 352 | 395 | 428 | 472 | 571 | 728 | 897 | 1,056 |
55 | 51 | 81 | 172 | 191 | 187 | 181 | 181 | 194 | 221 | 312 | 402 | 455 | |
CWIP | 6 | 9 | 18 | 15 | 0 | 0 | 1 | 2 | 8 | 19 | 9 | 10 | 12 |
Investments | 15 | 22 | 25 | 19 | 8 | 9 | 8 | 9 | 1 | 0 | 0 | 0 | 0 |
236 | 123 | 129 | 114 | 140 | 156 | 205 | 237 | 270 | 331 | 407 | 486 | 590 | |
Total Assets | 313 | 204 | 253 | 320 | 340 | 352 | 395 | 428 | 472 | 571 | 728 | 897 | 1,056 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-23 | 14 | 10 | 103 | -5 | 76 | |||||||
-16 | -11 | -18 | -65 | -115 | -104 | |||||||
39 | 22 | -2 | -22 | 92 | 30 | |||||||
Net Cash Flow | -0 | 25 | -11 | 15 | -29 | 2 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
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 | 49 | 36 | 54 | 55 | 55 | 44 | 55 | 51 | 56 | 36 | 31 | 40 |
Inventory Days | 76 | 104 | 78 | 109 | 81 | 96 | 102 | 103 | 103 | |||
Days Payable | 105 | 133 | 117 | 150 | 112 | 125 | 100 | 60 | 75 | |||
Cash Conversion Cycle | 49 | 36 | 54 | 26 | 26 | 6 | 14 | 20 | 28 | 38 | 74 | 68 |
Working Capital Days | 50 | 11 | 38 | 19 | 15 | 10 | 22 | 21 | 30 | 36 | 33 | 34 |
ROCE % | -39% | -10% | 2% | -13% | -2% | 3% | 8% | 9% | 32% | 19% | 13% |
Documents
Announcements
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 1d
- Compliances Under Reg 40(10) Of SEBI LODR,2018 Regulations For The Period 31 March 2024. 8 Apr
- Compliance Certificate For The Year Ended 31 March 2024 3 Apr
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
3 Apr - Certificate under Reg 74(5) of SEBI(DP)Regulations,2018 for the quarter ended 31 March 2024
- Closure of Trading Window 22 Mar
Annual reports
Concalls
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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 2021TranscriptNotesPPT
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May 2021TranscriptNotesPPT
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Feb 2021TranscriptPPT
Product Portfolio
The company's product portfolio consists of Cookware, Cooktops, and other kitchen solutions, as small appliances like Mixer grinders, chimneys, Water heaters, LPG Stoves, juicers, hand blenders, Downlights, and a few more. [1]