Inflame Appliances Q4 FY26 Share Price & Earnings Call Analysis
- Market cap
- ₹165 Cr
- P/E
- 28.56
- ROE
- 9.79%
- PEG
- 3.57
- Price to sales
- 1.09
- Debt to equity
- 0.85
- 52W high / low
- ₹343 / ₹207
- Sales growth (5Y)
- 50.07%
- EBITDA margin
- 12.60%
- Net profit margin
- 3.81%
- Promoter holding
- 44.72%
- Sales (last year)
- ₹151 Cr
Guidance scorecard · Q4 FY26 call
What Inflame Applian.'s management guided
and where it ranks in Consumer Durables
Consumer Durables
RevenueQ4 FY26 call
40%+- Targeting 50% growth in sales revenue for FY27, continuing month-on-month improvements.
- Expect to achieve INR 400 crores+ revenue by FY28 with ramped-up product lines and completed facility expansion.
- Projected revenue to reach around INR 500 crores in FY28 or FY29.
- Target of producing 4 lakh chimneys in FY27, up from 2.7 lakh in the previous year, aligning with 50% growth.
- Gradual ramp-up in manufacturing capacity, especially for built-in refrigerators, wine coolers, ovens, dishwashers, and microwaves by 2027.
2 more points from Inflame Applian.'s call on revenue
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MarginsQ4 FY26 call
FlatSee what Inflame Applian. said on margins — free account, 30 seconds.
CapexQ4 FY26 call
PlannedAsk what Inflame Applian. said on capex →
Full Q4 FY26 analysisFundraisingQ4 FY26 call
See what Inflame Applian. said on fundraising — free account, 30 seconds.
Order bookQ4 FY26 call
Rising- Orders are typically firm only for one month; longer-term firm orders (2-3 months) are not common.
- The company closely tracks expected monthly orders from key customers like Hindware, Havells, and KAFF based on market share and demand.
- Currently, the company has a comfortable order position with more orders than the planned growth rate.
- Unexecuted orders occur due to component delays or shipping issues but are generally managed efficiently.
- The order book is healthy, with a good outlook for the next 2-3 months.
- Recent months have shown growth trending positively with month-on-month improvement.
2 more points from Inflame Applian.'s call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Consumer Durables
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Consumer Durables companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹166 Cr | 20.3 | |
| 2 | 40%+ | Up 2%+ | ₹100 Cr | 12.7 | |
| 3 | 40%+ | Up 0–2% | ₹3,249 Cr | 17.4 | |
| 4 | 40%+ | Up 0–2% | ₹2,081 Cr | 18.8 | |
| 5 | 40%+ | Flat | ₹2,429 Cr | 41.1 | |
| 6 | 40%+ | Flat | ₹2,163 Cr | 25.6 |
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Pro shows every company guiding 40%+ revenue growth →Full Consumer Durables rankingFinancials of Inflame Applian.
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Inflame Applian.
Quarterly Results
Quarter-by-quarter operating performance
Financials of Inflame Applian.
Profit & Loss
Annual income statement trend
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Sales + | 9 | 55 | 15 | 20 | 40 | 77 | 92 | 106 | 129 |
| Expenses + | 8 | 52 | 19 | 22 | 38 | 67 | 84 | 94 | 114 |
| Operating Profit | 1 | 3 | -4 | -2 | 2 | 10 | 8 | 12 | 16 |
| OPM % | 6% | 6% | -25% | -10% | 4% | 13% | 9% | 11% | 12% |
| Other Income + | 0 | 1 | 1 | 0 | -0 | -1 | 1 | 0 | 0 |
| Interest | 0 | 0 | 1 | 1 | 2 | 2 | 3 | 4 | 4 |
| Depreciation | 0 | 1 | 2 | 2 | 2 | 2 | 4 | 5 | 5 |
| Profit before tax | 0 | 3 | -6 | -5 | -2 | 4 | 2 | 4 | 7 |
| Tax % | 23% | -27% | -26% | -26% | -25% | 27% | 31% | 22% | |
| Net Profit + | 0 | 4 | -4 | -3 | -2 | 3 | 1 | 3 | 6 |
| EPS in Rs | 0.50 | 6.07 | -7.10 | -5.60 | -2.48 | 4.41 | 1.43 | 4.18 | 7.78 |
| Dividend Payout % | 0% | 8% | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Inflame Applian.
Balance Sheet
Capital structure and asset base
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4 | 6 | 6 | 6 | 7 | 7 | 7 | 7 | 7 |
| Reserves | 6 | 6 | 2 | -2 | 8 | 34 | 40 | 49 | 52 |
| Borrowings + | 1 | 4 | 10 | 19 | 14 | 27 | 38 | 42 | 48 |
| Other Liabilities + | 8 | 18 | 15 | 15 | 11 | 14 | 19 | 30 | 39 |
| Total Liabilities | 19 | 34 | 32 | 38 | 39 | 83 | 104 | 128 | 146 |
| Fixed Assets + | 3 | 13 | 12 | 11 | 10 | 13 | 33 | 35 | 35 |
| CWIP | 1 | 0 | 0 | 0 | 1 | 13 | 2 | 6 | 5 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets + | 16 | 20 | 20 | 27 | 27 | 57 | 69 | 88 | 106 |
| Total Assets | 19 | 34 | 32 | 38 | 39 | 83 | 104 | 128 | 146 |
Financials of Inflame Applian.
Cash Flows
Operating, investing and financing cash movement
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | -4 | 8 | 0 | -3 | -5 | -2 | 4 | 2 |
| Cash from Investing Activity + | -5 | -10 | 0 | -3 | -1 | -24 | -11 | -7 |
| Cash from Financing Activity + | 10 | 1 | -0 | 6 | 5 | 26 | 8 | 4 |
| Net Cash Flow | 1 | -1 | -0 | 0 | -0 | 0 | 1 | -1 |
| Free Cash Flow | -7 | -3 | -0 | -4 | -6 | -19 | -10 | -8 |
| CFO/OP | -698% | 256% | -3% | 146% | -301% | -21% | 49% | 14% |
Financials of Inflame Applian.
Ratios
Working capital efficiency and return ratios
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 285 | 63 | 203 | 238 | 109 | 108 | 90 | 91 |
| Inventory Days | 134 | 69 | 212 | 172 | 82 | 107 | 155 | 236 |
| Days Payable | 430 | 111 | 294 | 249 | 108 | 73 | 81 | 126 |
| Cash Conversion Cycle | -11 | 21 | 121 | 161 | 83 | 143 | 164 | 201 |
| Working Capital Days | 144 | 12 | -47 | 0 | 25 | 62 | 78 | 102 |
| ROCE % | 24% | -30% | -17% | -1% | 17% | 6% | 9% |
Guidance history
How Inflame Applian.'s guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q4 FY26 call → | 40%+ | Flat | Planned | — | Rising |
| Q2 FY26 call → | 10–20% | Flat | Planned | Planned | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Continue your research
What Inflame Applian.'s management said in earlier quarters
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