High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years
Momentum: Stock price has a strong positive momentum. Stock is up 5.7% in last 30 days.
Balance Sheet: Strong Balance Sheet.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Smart Money: Smart money has been increasing their position in the stock.
Past Returns: In past three years, the stock has provided 5.9% return compared to 8.9% by NIFTY 50.
Valuation | |
|---|---|
| Market Cap | 1.89 kCr |
| Price/Earnings (Trailing) | 44.91 |
| Price/Sales (Trailing) | 1.18 |
| EV/EBITDA | 11.84 |
| Price/Free Cashflow | 12.87 |
| MarketCap/EBT | 37.01 |
| Enterprise Value | 1.87 kCr |
Fundamentals | |
|---|---|
| Revenue (TTM) | 1.6 kCr |
| Rev. Growth (Yr) | 30.1% |
| Earnings (TTM) | 41.99 Cr |
| Earnings Growth (Yr) | 317.9% |
Profitability | |
|---|---|
| Operating Margin | 3% |
| EBT Margin | 3% |
| Return on Equity | 8.33% |
| Return on Assets | 3.58% |
| Free Cashflow Yield | 7.77% |
Growth & Returns | |
|---|---|
| Price Change 1W | 5.4% |
| Price Change 1M | 5.7% |
| Price Change 6M | -7.7% |
| Price Change 1Y | -0.60% |
| 3Y Cumulative Return | 5.9% |
| 5Y Cumulative Return | -1% |
Cash Flow & Liquidity | |
|---|---|
| Cash Flow from Investing (TTM) | -109.4 Cr |
| Cash Flow from Operations (TTM) | 257.74 Cr |
| Cash Flow from Financing (TTM) | -129.16 Cr |
| Cash & Equivalents | 21.95 Cr |
| Free Cash Flow (TTM) | 146.57 Cr |
| Free Cash Flow/Share (TTM) | 44.27 |
Balance Sheet | |
|---|---|
| Total Assets | 1.17 kCr |
| Total Liabilities | 669.92 Cr |
| Shareholder Equity | 504.24 Cr |
| Current Assets | 540.08 Cr |
| Current Liabilities | 555.42 Cr |
| Net PPE | 518.96 Cr |
| Inventory | 360.01 Cr |
| Goodwill | 0.00 |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.00 |
| Debt/Equity | 0.00 |
| Interest Coverage | 0.87 |
| Interest/Cashflow Ops | 10.46 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 3 |
| Dividend Yield | 0.62% |
| Shares Dilution (1Y) | 0.10% |
| Shares Dilution (3Y) | 0.20% |
Momentum: Stock price has a strong positive momentum. Stock is up 5.7% in last 30 days.
Balance Sheet: Strong Balance Sheet.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Smart Money: Smart money has been increasing their position in the stock.
Past Returns: In past three years, the stock has provided 5.9% return compared to 8.9% by NIFTY 50.
Investor Care | |
|---|---|
| Dividend Yield | 0.62% |
| Dividend/Share (TTM) | 3 |
| Shares Dilution (1Y) | 0.10% |
| Earnings/Share (TTM) | 12.69 |
Financial Health | |
|---|---|
| Current Ratio | 0.97 |
| Debt/Equity | 0.00 |
Technical Indicators | |
|---|---|
| RSI (14d) | 54.23 |
| RSI (5d) | 91.06 |
| RSI (21d) | 58.47 |
| MACD Signal | Buy |
| Stochastic Oscillator Signal | Hold |
| SharesGuru Signal | Buy |
| RSI Signal | Hold |
| RSI5 Signal | Sell |
| RSI21 Signal | Hold |
| SMA 5 Signal | Buy |
| SMA 10 Signal | Buy |
| SMA 20 Signal | Buy |
| SMA 50 Signal | Buy |
| SMA 100 Signal | Buy |
Summary of STOVE KRAFT's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
Management provided a positive outlook for the future of Stove Kraft Limited, emphasizing resilience against supply chain disruptions and high demand in the small appliance segment. Mr. Rajendra Gandhi mentioned that 56% of total revenues came from small appliances and induction cooktops during the quarter, with induction cooktops contributing 15.5% of revenues, displaying 89.4% year-on-year value growth and 67.3% volume growth.
Key points highlighted include:
Revenue Growth: Q4 FY '26 consolidated revenue reached INR 414.5 crores, an increase of 32.4% year-on-year, while FY '26 revenue was INR 1,607.4 crores, up 10.9% from FY '25.
Profit After Tax (PAT): PAT for Q4 FY '26 stood at INR 6.1 crores, showcasing an exceptional growth of 317.8% year-on-year, bringing FY '26 PAT to INR 42 crores, a 9.1% increase.
Export Competitiveness: A reduction in U.S. tariffs on Indian goods is expected to improve export prospects. OEM exports grew to 8.7% in Q4 FY '26 from 3.8% in Q3 FY '26.
Future Growth Targets: The company aims for revenue growth above 15% annually and intends to maintain an EBITDA margin of 11%, with an upward trajectory driven by increased sales from retail expansions and new product launches.
Expansion Plans: Management aims to grow its exclusive brand outlets to 500 by 2027, having reached 329 stores in Q4 FY '26, and witnessed a same-store sales growth of 25%.
Capex Plans: Expected capital expenditure for FY '27 is about INR 40 crores, focusing on maintaining existing capacity and enhancing production efficiencies.
Retail Performance: E-commerce sales constituted 35.9% of total revenue for FY '26, with enhanced consumer engagement leading to improved sales visibility and fast delivery.
These points reflect management's confidence in sustaining growth amidst external challenges while capitalizing on market opportunities in both domestic and export segments.
Question 1: Shreyans Jain: Can you explain the capex of INR111 crores and what it was spent on in Q4?
Rajendra Gandhi:
I can clarify that the capitalized items reflect what was capitalized during the quarter. The full capex cycle is completed with only a few work-in-progress items remaining. Our capex spend primarily supports our manufacturing setup.
Question 2: Shreyans Jain:
What is causing the increase in interest and finance charges when debt has been repaid?
Rajendra Gandhi:
While our borrowings have reduced, costs related to suppliers' credit and lease liabilities have increased, reflecting in higher interest expenses.
Question 3: Shreyans Jain:
What is leading to the 41% increase in opex?
Rajendra Gandhi:
The surge in sales has raised commission costs and other expenses like freight, warranty provisions, and business promotion"”all aligned with revenue growth.
Question 4: Shreyans Jain:
Why is the value growth in small appliances lagging behind volume growth?
Rajendra Gandhi:
The slower value growth is due to a higher contribution from lower ASP products, which account for the larger volume but lower overall value.
Question 5: Rehan Saiyyed:
Are elevated inventory levels due to anticipated demand or slower sell-through?
Rajendra Gandhi:
We are optimizing inventory levels based on both raw materials and finished goods. Days of inventory have decreased, indicating improvement.
Question 6: Rehan Saiyyed:
Are newly added stores dilutive or accretive to margins in their first year?
Rajendra Gandhi:
Our average retail sales per store have risen significantly, and sales above INR2.5 lakhs contribute positively to margins.
Question 7: Rehan Saiyyed:
What is your revenue or EBITDA margin growth target for the next 2-3 years?
Rajendra Gandhi:
We aim to maintain a minimum of 11% EBITDA margin while targeting revenue growth upwards of 15% annually.
Question 8: Anand Mundra:
With current inflation, have you taken price hikes?
Rajendra Gandhi:
Yes, we've accounted for price hikes during this quarter, resulting in a planned increase of around 10% in product prices.
Question 9: Anand Mundra:
What is your current capacity for induction cooktops?
Rajendra Gandhi:
We currently produce around 2 million units with plans to increase capacity to between 4 million and 5 million units in the near future.
Question 10: Anand Mundra:
What is your capex guidance for this year?
Rajendra Gandhi:
Our capex for this year is planned to be around INR40 crores, focusing primarily on maintaining and enhancing manufacturing capacity.
Question 11: Anand Mundra:
When will billing to IKEA start?
Rajendra Gandhi:
Billing for IKEA will commence this quarter.
Question 12: Vinod Krishna:
Can we expect better growth rates than the past 5 years?
Rajendra Gandhi:
We are confident that demand remains strong and currently, we're observing growth rates around 30%, positioning us for higher growth.
Question 13: Vinod Krishna:
What percentage of sales is derived from e-commerce?
Rajendra Gandhi:
E-commerce accounted for 35.9% of our sales for FY '26, showing our strength in this channel.
Question 14: Lakshminarayanan:
What is your approach to managing working capital?
Rajendra Gandhi:
We've improved receivables through financing partners and tightly controlled inventories, maintaining average working capital below 30 days.
Understand STOVE KRAFT ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| RAJENDRA GANDHI | 55.18% |
| BANDHAN SMALL CAP FUND | 3.74% |
| SURESH KUMAR AGARWAL | 2.81% |
| MAHINDRA MANULIFE SMALL CAP FUND | 2.42% |
| ASHISH KACHOLIA | 1.74% |
| SUNITHA RAJENDRA GANDHI | 0.6% |
| NEHA GANDHI | 0% |
Distribution across major stakeholders
Distribution across major institutional holders
Detailed comparison of STOVE KRAFT against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|---|
| TTKPRESTIG | TTK Prestige | 7.02 kCr | 3.04 kCr | -1.40% | -25.20% | 43.77 | 2.31 | - | - |
| IFBIND | IFB Industries | 4.64 kCr | 5.65 kCr | -0.30% | -14.80% | 32.32 | 0.82 | - | - |
| BAJAJELEC | Bajaj Electricals | 3.87 kCr | 4.52 kCr | -13.60% | -50.50% | -42.66 | 0.86 | - | - |
| BUTTERFLY | Butterfly Gandhimathi Appliances | 1.19 kCr | 951.46 Cr | +9.30% | -14.00% | 26.13 | 1.25 | - | - |
Comprehensive comparison against sector averages
STOVEKRAFT metrics compared to Consumer
| Category | STOVEKRAFT | Consumer |
|---|---|---|
| PE | 44.91 | 96.83 |
| PS | 1.18 | 2.07 |
| Growth | 10.3 % | 2.6 % |
Stove Kraft Limited manufactures and trades in kitchen and home appliances in India and internationally. The company offers pressure cooker, wonder cast cookware, non-stick cookware, electric rice cookers, and titanium hard anodised cookware. It also offers mixer grinders, rice cookers, electric kettles, toasters, sandwich makers, knives, steam and dry irons, juicers, air fryers, and electric grills. In addition, the company provides hobs, glass cooktops, stainless steel cooktops, induction cooktops, and chimneys. Further, it offers emergency lamps, water bottles, flasks, aluminum ladders, cloth dryers, water heaters, dustbins, and mops. Additionally, the company provides food processors, hand blenders, hand mixers, mini choppers, oven toaster grills, coffee makers, toasters, sandwich makers, kettles, steam and dry irons, water heaters, oil fin radiators, and garment steamers; and LED bulbs, battens, downlights panels, and emergency lamps. Stove Kraft Limited offers its products under the Pigeon, Gilma, Black + Decker, and Pigeon LED brands. The company operates through a distribution network of retail outlets. Stove Kraft Limited was founded in 1994 and is based in Bengaluru, India.
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STOVEKRAFT vs Consumer (2022 - 2026)