Stove Kraft Ltd

Stove Kraft Ltd

₹ 433 0.58%
25 Apr 12:28 p.m.
About

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]

Key Points

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]

  • Market Cap 1,430 Cr.
  • Current Price 433
  • High / Low 579 / 384
  • Stock P/E 17.6
  • Book Value 92.5
  • Dividend Yield 0.00 %
  • 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

  • Though the company is reporting repeated profits, it is not paying out dividend
  • 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2019 Mar 2020 Dec 2020 Mar 2021
200 154 295 235
184 155 252 210
Operating Profit 16 -1 43 25
OPM % 8% -1% 15% 11%
1 0 0 1
Interest 5 6 6 3
Depreciation 3 3 4 4
Profit before tax 9 -10 33 19
Tax % 0% 0% 0% 0%
9 -10 33 19
EPS in Rs 3.65 -4.15 13.54 5.89
Raw PDF

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: 11%
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 21 21 30 36
ROCE % -12% -2% 2% 8% 9% 32%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
54.29% 54.29% 54.01% 56.38% 56.19% 56.19% 56.19% 55.92% 55.92% 55.92% 55.88% 55.88%
7.12% 9.09% 9.80% 8.39% 7.96% 7.17% 5.50% 3.16% 0.98% 0.46% 0.42% 0.78%
9.22% 7.35% 7.09% 9.34% 9.04% 9.83% 9.67% 6.68% 1.15% 2.39% 3.02% 3.44%
29.37% 29.27% 29.10% 25.89% 26.81% 26.80% 28.64% 34.24% 41.95% 41.23% 40.68% 39.92%
No. of Shareholders 19,80432,94636,64947,56361,86059,74962,80378,88286,06379,53677,76674,196

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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