Stove Kraft

Stove Kraft Ltd.

NSE: STOVEKRAFT BSE: 543260 SECTOR: Consumer Durables - Domestic Appliances  67k   341   56

434.10
-3.80 (-0.87%)
NSE: Today, 03:57 PM

Price Summary

Today's High

₹ 441

Today's Low

₹ 432.1

52 Week High

₹ 740

52 Week Low

₹ 353.1

FinStar

Ownership Below Par
Stock price may face volatility due to ownership structure.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyExcellent
The company knows very well the utilization of its assets.
FinancialsVery Stable
The company possesses stable growth history and manageable debt.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

₹ 1433.85 Cr.

Enterprise Value

₹ 1576.97 Cr.

No. of Shares

3.3 Cr.

P/E

40.09

P/B

3.55

Face Value

₹ 10

Div. Yield

0 %

Book Value (TTM)

₹  122.12

CASH

₹ 12.05 Cr.

DEBT

₹ 155.18 Cr.

Promoter Holding

55.92 %

EPS (TTM)

₹  10.83

Sales Growth

32.3%

ROE

16.95 %

ROCE

17.52%

Profit Growth

-30.76 %

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* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Brands

These are the brands of Stove Kraft Ltd.

Pigeon Gilma Black+Decker PigeonLED

Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.

PE Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

PB Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

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* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

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Ratios

Sales Growth

1 Year32.3%
3 Year21.03%
5 Year18.15%

Profit Growth

1 Year-30.76%
3 Year209.4%
5 Year37.51%

ROE%

1 Year16.95%
3 Year28.07%
5 Year16.84%

ROCE %

1 Year17.52%
3 Year19.25%
5 Year13.6%

Debt/Equity

0.4284

Price to Cash Flow

-268.06

Interest Cover Ratio

5.32982553309333

CFO/PAT (5 Yr. Avg.)

1.02616728509586

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2023 55.92 16.24
Dec 2022 56.19 14.62
Sep 2022 56.19 14.62
Jun 2022 56.19 14.62
Mar 2022 56.38 11.91
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good revenue growth of 21.0316672926994% for the Past 3 years.
  • Company has been maintaining healthy ROE of 28.068656372712% over the past 3 years.
  • The company has an efficient Cash Conversion Cycle of 23.0658462329525 days.
  • The company has a strong degree of Operating leverage, Average Operating leverage stands at 5.04050411068833.

 Limitations

  • Company has negative cash flow from operations of -5.349.

Quarterly Result (All Figures in Cr.)

PARTICULARS Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
Net Sales 261.33 275.07 406.2 324.53 278.06
Total Expenditure 245.81 253.44 360.16 299.08 272.16
Operating Profit 15.52 21.62 46.04 25.44 5.9
Other Income -2.19 -1.46 -0.84 -2.93 1.73
Interest 1.21 2.95 3.42 4 6.16
Depreciation 5.21 6.62 7.31 8.33 9.43
Exceptional Items 0 0 0 0 0
Profit Before Tax 6.9 10.59 34.48 10.18 -7.97
Tax -1.74 2.51 8.58 2.39 -1.96
Profit After Tax 8.65 8.08 25.9 7.79 -6
Adjusted EPS (Rs) 2.63 2.46 7.88 2.37 -1.82

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Net Sales 523.62 640.94 669.86 858.96 1136.36
Total Expenditure 513.41 610.85 636.1 745.75 1040.59
Operating Profit 10.21 30.09 33.76 113.21 95.77
Other Income 5.63 1.92 2.13 1.45 0.94
Interest 16.94 17.88 20.9 19.24 14.44
Depreciation 11.68 12.2 12.14 14.24 19.72
Exceptional Items 0 0 0 0 0
Profit Before Tax -12.78 1.93 2.84 81.18 62.54
Tax 0 0.03 0 0 6.33
Net Profit -12.78 1.9 2.84 81.18 56.22
Adjusted EPS (Rs.) -6.76 0.77 1.15 24.91 17.1

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity and Liabilities
Share Capital 18.9 24.72 24.72 32.59 32.87
Total Reserves -197 -85.49 -83.39 270.09 331.14
Borrowings 311.31 210.03 204.83 20.66 34.22
Other N/C liabilities 18.24 14.21 17.1 23.38 3.07
Current liabilities 243.69 264.51 308.76 224.25 323.98
Total Liabilities 395.14 427.97 472.02 570.97 725.28
Assets
Net Block 180.72 180.77 193.69 220.86 312.33
Capital WIP 0.61 0.95 4.23 19.1 9.22
Intangible WIP 0 0.78 3.34 0 0
Investments 8.15 8.77 0.93 0 0
Loans & Advances 7.97 6.82 8.59 14.82 23.36
Other N/C Assets 0.17 0.22 0.7 0.64 5.73
Current Assets 197.52 229.66 260.55 315.57 374.64
Total Assets 395.14 427.97 472.02 570.97 725.28
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Profit from operations -12.78 1.93 2.84 81.18 62.54
Adjustment 44.9 28.03 34.38 36.76 45.91
Changes in Assets & Liabilities -20.09 -16.5 -27.48 -14.9 -104.8
Tax Paid -0.04 0.04 -0.05 -0.15 -9.01
Operating Cash Flow 12 13.5 9.7 102.9 -5.35
Investing Cash Flow -6.86 -10.68 -18.43 -65.49 -115.32
Financing Cash Flow -5.3 21.8 -1.84 -22.35 91.62
Net Cash Flow -0.16 24.63 -10.57 15.06 -29.05

Corporate Actions

Investors Details

PARTICULARS Mar 2022% Jun 2022% Sep 2022% Dec 2022% Mar 2023%
Promoters 56.38 56.19 56.19 56.19 55.92
rajendra gandhi 55.32 53.75 53.68 53.68 53.40
sunitha rajendra g... 0.61 0.61 0.61 0.61 0.61
PARTICULARS Mar 2022% Jun 2022% Sep 2022% Dec 2022% Mar 2023%
Investors 43.62 43.81 43.81 43.81 44.08
sci growth investm... - 9.97 9.96 9.96 9.91
bengal finance and... 2.82 - - - -
pgim india trustee... 4.94 - - - -
nippon life india ... - 4.49 4.55 3.25 3.23
nippon life india ... 1.30 - - - -
goldman sachs fund... 2.90 - - 2.94 2.92
goldman sachs indi... - 2.94 2.94 - -
sequoia capital in... - 2.48 2.47 - -
hsbc global invest... - - - 2.39 2.10
taiyo greater indi... - - - - 1.45
ashish kacholia 1.75 - - - -
ashoka india equit... - 1.69 - - -
cohesion mk best i... - 1.13 1.45 - -
mirae asset great ... - 1.18 1.26 1.11 -
bajaj allianz life... - 1.12 - - -
sundaram mutual fu... - 1.08 - - -
sundaram mutual fu... - - 1.05 - -
bajaj allianz life... - - 0.84 - -
canara hsbc orient... - - - - 0.19

Annual Reports

Ratings & Research Reports

Company Presentations

Company News

Stove Kraft informs about transcript of earnings call5 Jun 2023, 5:30PM Stove Kraft informs about investor release30 May 2023, 12:33PM Stove Kraft - Quaterly Results29 May 2023, 5:34PM Stove Kraft - Quaterly Results29 May 2023, 5:34PM Stove Kraft informs about investor meeting 27 Mar 2023, 11:57AM Stove Kraft informs about newspaper advertisement18 Mar 2023, 3:37PM Stove Kraft informs about notice of postal ballot17 Mar 2023, 12:42PM Stove Kraft informs about analyst meeting17 Mar 2023, 10:10AM Stove Kraft informs about interaction with investors 3 Mar 2023, 9:55AM Stove Kraft informs about investors meet24 Feb 2023, 10:32AM Stove Kraft informs about newspaper publication4 Feb 2023, 2:24PM Stove Kraft informs about delay in financial results3 Feb 2023, 4:34PM Stove Kraft informs about investor presentation2 Feb 2023, 4:42PM Stove Kraft - Quaterly Results2 Feb 2023, 3:59PM Stove Kraft - Quaterly Results2 Feb 2023, 3:59PM Stove Kraft - Quaterly Results2 Feb 2023, 3:59PM Stove Kraft informs about analyst meet 29 Nov 2022, 10:05AM Stove Kraft informs about analyst meet 28 Nov 2022, 10:21AM Stove Kraft - Quaterly Results8 Nov 2022, 12:57PM Stove Kraft - Quaterly Results8 Nov 2022, 12:57PM Stove Kraft informs about analyst meet27 Sep 2022, 5:16PM Stove Kraft informs about analyst meet16 Sep 2022, 3:38PM Stove Kraft informs about resignation of CS cum CO16 Sep 2022, 10:45AM Stove Kraft informs about change in directorate13 Sep 2022, 3:11PM Stove Kraft informs about voting results of AGM13 Sep 2022, 1:00PM Stove Kraft informs about clarification12 Sep 2022, 3:29PM Stove Kraft informs about analyst meet5 Sep 2022, 3:28PM Stove Kraft - Quaterly Results4 Aug 2022, 1:25PM Stove Kraft - Quaterly Results4 Aug 2022, 1:25PM Stove Kraft - Quaterly Results4 Aug 2022, 1:25PM Stove Kraft informs about board meeting intimation 27 Jul 2022, 2:08PM Stove Kraft informs about closure of trading window28 Jun 2022, 3:36PM Stove Kraft informs about investor release15 Jun 2022, 11:41AM Stove Kraft opens new retail store in Bengaluru15 Jun 2022, 11:27AM Stove Kraft informs about earnings call transcript7 Jun 2022, 2:50PM Stove Kraft - Quaterly Results30 May 2022, 6:18PM Stove Kraft - Quaterly Results30 May 2022, 6:18PM Stove Kraft informs about non-applicability of large corporate entity12 May 2022, 12:38PM Stove Kraft informs about allotment of equity shares under ESOP 22 Mar 2022, 12:50PM Stove Kraft informs about change in name of RTA19 Mar 2022, 3:18PM Stove Kraft informs about disclosure16 Mar 2022, 5:14PM Stove Kraft’s MD buys company’s shares worth Rs 50 crore10 Mar 2022, 2:27PM Stove Kraft informs about disclosure8 Mar 2022, 11:44AM Stove Kraft - Quaterly Results8 Feb 2022, 5:42PM Stove Kraft - Quaterly Results8 Feb 2022, 5:42PM Stove Kraft - Quaterly Results8 Feb 2022, 5:42PM Stove Kraft informs about analyst meet 17 Jan 2022, 1:24PM Stove Kraft to foray into branded modular kitchen segment3 Jan 2022, 10:54AM Stove Kraft to enter into Electric Switches & Accessories segment 3 Jan 2022, 9:26AM Stove Kraft informs about closure of trading window20 Dec 2021, 4:09PM

Stove Kraft Stock Price Analysis and Quick Research Report. Is Stove Kraft an attractive stock to invest in?

 

The Consumer Durable sector in India has attracted significant investments over the years which resulted in increasing demand and also facilitated by the rise in disposable income. Indian Appliance and Consumer Electronics Industry’s market size was 21.49 billion USD in FY17 and is expected to be at 48.37 billion USD by FY22. The unorganized markets will provide scope for the rural markets to grow in fast paces because of the increase in the shift to organized markets.

The key growth drivers for the consumer durables sector are modernization, changing lifestyles, increasing awareness, rising incomes, convenient shopping options, etc. the relaxation by the government for FDI will also boost the sector.

Stove Kraft is India’s famous brand in the consumer durable segment nationally and globally. Let's study some key parameters of the company:

  • The net sales of the company is Rs 1136.359 Cr. It has increased from the previous year sales of Rs 858.957 Cr. The sales growth of the company was outstanding at 32.2952138465604 %.
  • The sales figure can be matched with inventory turnover to check whether it's justifiable or not. The turnover ratio for Stove Kraft is 6.08620832786587 times. Stove Kraft efficiently manages its assets.
  • The PAT growth rate of -30.7560603074498 % is poor for the company. The net profit compared to the % of sales is known as PAT margin which is 4.94694018351595 %.
  • The growth of EPS should ideally be around the PAT growth rate. For Stove Kraft EPS growth rate is -31.3415520238291 % which is quite far from the PAT growth rate . The Earning per share for the latest quarter is -1.8173 Rs.
  • Company’s assets have given an average return of 8.29079531786015 % for the 3 years and equity gave an average return of 28.068656372712 % for the 3 years.
  • Stove Kraft has a Debt to equity ratio of 0.4284 which is an indicative measure of financial risk when compared to its peers.
Brief about Stove Kraft

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