Arthneeti

Stove Kraft Q1 FY27 Share Price & Earnings Call Analysis

₹824.75-3.68% today
Market cap
₹2,731 Cr
P/E
56.17
ROE
8.46%
PEG
11.26
Price to sales
1.57
Debt to equity
0.23
52W high / low
₹856 / ₹454
Sales growth (5Y)
13.32%
EBITDA margin
10.54%
Net profit margin
2.57%
Promoter holding
55.79%
Sales (last year)
₹1,748 Cr

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]

Guidance scorecard · Q1 FY27 call

What Stove Kraft Ltd's management guided
and where it ranks in Consumer Durables

#47of 87 in
Consumer Durables
Revenue10–20%MarginsUp 0–2%CapexPlannedFundraisingWhat management saidOrder bookWhat management said

RevenueQ1 FY27 call

10–20%
  • Stove Kraft is confident of sustaining high growth with a historical CAGR of 17%-18%, targeting 15%-20% going forward.
  • Induction Cooktop revenues are expected to contribute at least 20% of total revenue annually, with demand exceeding pre-war levels.
  • Diverse product innovation pipeline including chimneys, built-in hobs, pressure cookers, triply cookware to drive future growth.
  • Growth is broad-based across core categories like pressure cookers (41% YoY growth) and non-stick cookers (22% YoY).
  • Channel expansion with EBO stores growing 86%, strong general trade recovery, and robust e-commerce presence.
  • Export plus IKEA contributions targeted to reach 15% of revenue in 2 years.

2 more points from Stove Kraft Ltd's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Up 0–2%

See what Stove Kraft Ltd said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • Stove Kraft is investing in expanding manufacturing capacities, especially to meet the high demand for pressure cookers and small appliances.
  • They have augmented capacities for small appliances, which were previously partially used for induction and infrared products.
  • They've established a wholly owned subsidiary in China for domestic sourcing and exports to optimize buying costs and benefit from export drawbacks.
  • A joint venture in China is underway to manufacture triply cookware components, with commercial production expected by December 2026.

2 more points from Stove Kraft Ltd's call on capex

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Full Q1 FY27 analysis

FundraisingQ1 FY27 call

See what Stove Kraft Ltd said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

Ask what Stove Kraft Ltd said on the order book →

Full Q1 FY27 analysis
Full Consumer Durables ranking

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

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does Stove Kraft Ltd rank?

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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

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹166 Cr20.3
240%+Up 2%+₹100 Cr12.7
340%+Up 0–2%₹3,249 Cr17.4
440%+Up 0–2%₹2,081 Cr18.8
540%+Flat₹2,429 Cr41.1
640%+Flat₹2,163 Cr25.6

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Financials of Stove Kraft Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Stove Kraft Ltd

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +278.06297.75379.77361.59325.23314.45418.31404.06312.99340.11474.42378.37414.52
Expenses +272.17273.78339.81331.49300.43282.78369.29363.52283.53304.49417.65344.09375.06
Operating Profit5.8923.9739.9630.1024.8031.6749.0240.5429.4635.6256.7734.2839.46
OPM %2.12%8.05%10.52%8.32%7.63%10.07%11.72%10.03%9.41%10.47%11.97%9.06%9.52%
Other Income +1.731.620.32-1.41-0.481.02-1.86-0.081.312.08-2.88-1.90-5.67
Interest6.164.246.365.917.526.727.917.399.037.256.186.117.70
Depreciation9.4310.2711.5812.8614.5715.0417.4018.1420.6517.1020.5620.8621.01
Profit before tax-7.9711.0822.349.922.2310.9321.8514.931.0913.3527.155.415.08
Tax %-24.72%25.99%25.96%31.85%-19.28%24.89%23.48%18.62%-33.03%21.80%21.33%23.29%-19.09%
Net Profit +-6.008.2016.536.762.668.2016.7212.141.4510.4321.364.156.05
EPS in Rs-1.822.485.002.050.802.485.063.670.443.156.451.251.83

Financials of Stove Kraft Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +3213304935246416708591,1341,2811,3611,4481,607
Expenses +3263514895126116367451,0381,1801,2401,2951,441
Operating Profit-5-20412303411496101121152166
OPM %-2%-6%1%2%5%5%13%8%8%9%11%10%
Other Income +4134220-2-400-8
Interest161515171821191218263327
Depreciation-41011121212142032497180
Profit before tax-12-44-19-1323816347464951
Tax %0%0%-0%0%2%0%0%10%24%25%21%18%
Net Profit +-12-44-19-1323815636343942
EPS in Rs-6.57-23.32-10.20-6.760.771.1524.9117.1010.8310.3311.6412.68
Dividend Payout %0%0%0%0%0%0%0%0%0%24%26%28%

Financials of Stove Kraft Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital191919192525333333333333
Reserves-122-166-185-197-85-83270331370406438471
Borrowings +335365372396321338537819725634862
Other Liabilities +88122146177168192216286297401386608
Total Liabilities3203403523954284725717288971,0971,2041,174
Fixed Assets +172191187181181194221312402510627583
CWIP150012819910302315
Investments1989891000000
Other Assets +114140156205237270331407486557554576
Total Assets3203403523954284725717288971,0971,2041,174

Financials of Stove Kraft Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +1410103-576113130258
Cash from Investing Activity +-11-18-65-115-104-89-79-109
Cash from Financing Activity +22-2-229230-19-55-129
Net Cash Flow25-1115-2925-419
Free Cash Flow3-1640-113-21849150
CFO/OP45%29%90%4%87%103%93%163%

Financials of Stove Kraft Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days555544555156363140393326
Inventory Days76104781098196102103103136147133
Days Payable1051331171501121251006075111107133
Cash Conversion Cycle26266142028387468657327
Working Capital Days-59-80-47-34-36-362312-1-9-12-10
ROCE %2%-13%-2%3%8%9%32%19%13%11%11%11%

Guidance history

How Stove Kraft Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →10–20%Up 0–2%Planned——
Q4 FY26 call →10–20%FlatPlanned——
Q3 FY26 call →10–20%FlatPlannedNone planned—
Q2 FY26 call →10–20%Up 0–2%Planned——

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

38out of 100

Momentum score · price trend

38 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months+6.6%65%
Last 6 months+51.2%89%
Last 3 months+2.9%69%

The price is 24.7% below its all-time high of ₹1,095.45 (14 Oct 2021). Stocks more than 20% below their peak have their score halved, so 76 became 38.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Stove Kraft Ltd: 0.4 × 65 + 0.4 × 89 + 0.2 × 69 = 76, halved to 38 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Stove Kraft Ltd's management said in earlier quarters

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