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 ₹ 2,607 Cr.
- Current Price ₹ 788
- High / Low ₹ 977 / 525
- Stock P/E 32.0
- Book Value ₹ 92.5
- Dividend Yield 0.38 %
- 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
- Stock is trading at 8.52 times its book value
- 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: | 8% |
| 1 Year: | -2% |
| 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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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
28 Oct - Conference call on 4 Nov 2025 at 3:00 PM IST to discuss Q2/H1 FY26 standalone results.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
23 Oct - Targets 500 exclusive stores by April 2027; 300+ opened; stores to contribute 15–20% revenue.
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Board Meeting Intimation for Approving Standalone Unaudited Financial Results For The Quarter And Half Year Ended 30 September 2025
18 Oct - Board meeting on 03 Nov 2025 to approve quarter and half-year results ended 30 Sep 2025.
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ESG Rating
15 Oct - CRISIL assigned ESG Score 59 for FY2024-25 (report received Oct 14, 2025); company didn't engage CRISIL.
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 8 Oct
Annual reports
Concalls
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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
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]