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 ₹ 1,834 Cr.
- Current Price ₹ 554
- High / Low ₹ 814 / 446
- Stock P/E 22.5
- Book Value ₹ 92.5
- Dividend Yield 0.54 %
- 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
Part of BSE Consumer Discretionary BSE 1000
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: | -2% |
| 3 Years: | 5% |
| 1 Year: | -3% |
| 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 | |
| Free Cash Flow | 7 | 23 | 5 | 6 | -10 | 47 | |
| CFO/OP | -124% | 644% | 112% | 44% | 35% | 97% |
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% |
Insights
In beta| Mar 2018 | Mar 2019 | Sep 2020 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Domestic Distributors Number |
|
||||||
| Retail Outlets Reach (Domestic) Number |
|||||||
| Number of Pigeon Exclusive Stores Number |
|||||||
| Bengaluru Facility Capacity Utilization Percentage |
|||||||
| Installed Manufacturing Capacity Million Units |
|||||||
| Net Working Capital Days Days |
|||||||
| Cast Iron Capacity (Harohalli) Million Pieces per Annum |
|||||||
| Pressure Cooker Volume Growth (YoY) Percentage |
|||||||
| Small Appliances Volume Growth (YoY) Percentage |
|||||||
Extracted by Screener AI
Documents
Announcements
-
Board Comments On The Fine Levied By NSE
8h - NSE levied Rs. 7,080 fine for delayed Q4 FY26 shareholding pattern filing; paid on 16 May 2026.
-
Board In-Principle Approval For Incorporation Of A Wholly-Owned Subsidiary & Also Joint Venture In China
8h - Board approved China WOS and 50:50 JV for triply cookware materials, subject to approvals.
-
Compliances-Reg.24(A)-Annual Secretarial Compliance
10h - Stove Kraft filed FY26 annual secretarial compliance report; no non-compliances observed.
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 15h
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 20 May
Annual reports
Concalls
-
May 2026TranscriptAI SummaryPPT
-
Feb 2026Transcript PPT REC
-
Nov 2025Transcript PPT REC
-
Aug 2025Transcript PPT
-
May 2025Transcript PPT
-
Feb 2025Transcript PPT
-
Nov 2024Transcript PPT
-
Aug 2024Transcript PPT REC
-
May 2024Transcript PPT
-
Feb 2024Transcript PPT
-
Nov 2023Transcript PPT
-
Aug 2023Transcript PPT
-
Jun 2023Transcript PPT REC
-
Feb 2023Transcript PPT
-
Nov 2022Transcript PPT
-
Aug 2022Transcript PPT
-
Jun 2022Transcript PPT
-
Mar 2022TranscriptPPT
-
Feb 2022Transcript PPT
-
Nov 2021Transcript PPT
-
Jul 2021TranscriptAI SummaryPPT
-
May 2021TranscriptAI SummaryPPT
-
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]