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 ₹ 1,783 Cr.
- Current Price ₹ 539
- High / Low ₹ 977 / 525
- Stock P/E 21.9
- Book Value ₹ 92.5
- Dividend Yield 0.56 %
- ROCE 31.8 %
- ROE 67.5 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company has delivered good profit growth of 31.0% CAGR over last 5 years
- Debtor days have improved from 47.7 to 36.0 days.
Cons
- Tax rate seems low
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | |
|---|---|---|---|---|---|---|---|
| 481 | 499 | 493 | 524 | 641 | 670 | 859 | |
| 481 | 517 | 489 | 514 | 611 | 636 | 746 | |
| Operating Profit | -0 | -18 | 5 | 10 | 30 | 34 | 113 |
| OPM % | -0% | -4% | 1% | 2% | 5% | 5% | 13% |
| 2 | 1 | 3 | 6 | 2 | 3 | 2 | |
| Interest | 17 | 16 | 15 | 17 | 18 | 21 | 19 |
| Depreciation | -4 | 11 | 12 | 12 | 12 | 12 | 14 |
| Profit before tax | -11 | -43 | -19 | -13 | 1 | 4 | 81 |
| Tax % | 12% | 1% | 1% | -4% | 40% | 10% | 0% |
| -12 | -44 | -19 | -13 | 1 | 3 | 81 | |
| EPS in Rs | -6.49 | -23.28 | -10.19 | -6.75 | 0.30 | 1.28 | 24.99 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 11% |
| 3 Years: | 18% |
| TTM: | 28% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 31% |
| 3 Years: | 104% |
| TTM: | 2492% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 3% |
| 1 Year: | -40% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 67% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 19 | 19 | 19 | 19 | 25 | 25 | 33 |
| Reserves | -123 | -166 | -185 | -198 | -89 | -85 | 269 |
| 340 | 365 | 372 | 396 | 321 | 338 | 52 | |
| 114 | 124 | 148 | 178 | 169 | 193 | 216 | |
| Total Liabilities | 350 | 342 | 353 | 395 | 426 | 471 | 570 |
| 178 | 195 | 191 | 184 | 179 | 193 | 220 | |
| CWIP | 15 | 0 | 0 | 1 | 2 | 8 | 19 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 157 | 146 | 162 | 210 | 245 | 271 | 331 | |
| Total Assets | 350 | 342 | 353 | 395 | 426 | 471 | 570 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | |
|---|---|---|---|---|---|---|---|
| 19 | 29 | 11 | 13 | 16 | 110 | ||
| -13 | -5 | -6 | -7 | -27 | -66 | ||
| -6 | -25 | -5 | 22 | -2 | -29 | ||
| Net Cash Flow | 0 | 0 | -0 | 28 | -14 | 14 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 50 | 36 | 44 | 55 | 51 | 56 | 36 |
| Inventory Days | 74 | 71 | 78 | 109 | 81 | 96 | 102 |
| Days Payable | 95 | 90 | 117 | 150 | 112 | 125 | 115 |
| Cash Conversion Cycle | 28 | 17 | 5 | 14 | 21 | 28 | 23 |
| Working Capital Days | 28 | 14 | 16 | -35 | -36 | -37 | 23 |
| ROCE % | -12% | -2% | 2% | 8% | 9% | 32% |
Documents
Announcements
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Board Meeting Intimation for Considering And Approving The Standalone Unaudited Financial Results For The Quarter And Nine Months Ended 31 December 2025
20h - Board meeting 31 Jan 2026 to approve standalone unaudited results for quarter and nine months ended 31 Dec 2025.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
5 Jan - SEBI Reg 74(5) certificate for quarter ended 31 Dec 2025 issued by KFin (registrar).
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Closure of Trading Window
22 Dec - Trading window closed from 30 Dec 2025; reopens 48 hours after Q3/9M results for 31 Dec 2025.
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Announcement under Regulation 30 (LODR)-Credit Rating
18 Dec - ICRA upgraded Stove Kraft's long-term rating to [ICRA]A and short-term to [ICRA]A1 on 18 Dec 2025.
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 28 Nov 2025
Annual reports
Concalls
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Nov 2025Transcript PPT REC
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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]