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Butterfly Gandhimathi Appliances Ltd share Price Today

Company details

911.85
927.90
864.95
1,359.95
6M Return -26.94%
1Y Return -32.74%
Mkt Cap.(Cr) 1,638.26
Volume 3,397
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 3,397

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Household Appliances company Butterfly Gandhimathi Appliances announced Q2FY24 results:

1. Financial Highlights:
- Revenue at Rs 308 crore, a decrease of 16% YoY.
- Material Margin at 37.0%, a YoY increase of 170 bps.
- EBITDA at Rs 25 crore, with an EBITDA Margin of 8.2%.
- PAT at Rs 15 crore, with a PAT Margin of 4.7%.

2. Operational Highlights:
- Investments in capability building, brand strengthening, operations optimization, and R&D.
- Retail and Modern Trade channel growth during industry slowdown.
- Shift in festive season impacting sales phasing.
- Focus on improving distribution reach and customer engagement.
- Recognition of the 'Butterfly' brand as an Iconic Brand of India.

3. Update on the Merger Process:
- Scheme for merger with Crompton Greaves Consumer Electricals Ltd. is underway.
- NOC received from BSE and NSE.
- The NCLT approval process is in progress with a shareholders' meeting scheduled.
- Favorable voting recommendation by proxy advisory firms.

Commenting on the performance, Rangarajan Sriram, Managing Director, of Butterfly Gandhimathi Appliances said, “We continue to focus on balancing and growing our core channels. The sales phasing of online channels has been reorganised across platforms & categories. Despite an industry-wide slowdown, our retail channel continued to grow, and we registered growth in the Kerala region, boosted by Onam festivities. EBITDA Margin stood at 8.2% for the quarter, post investments in marketing and people.

With the shift in the festive season this year, we anticipate an uptick in demand in Q3. Premium segments continue to grow across categories as we invest in brand awareness and introducing new products across markets & channels to drive higher sales.”

 

 

Result PDF

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Butterfly Gandhimathi Appliances Ltd shares SWOT Analysis

Strengths (6)

  • Rising Net Cash Flow and Cash from Operating activity
  • Strong Annual EPS Growth
  • Company with No Debt

Weakness (6)

  • MFs decreased their shareholding last quarter
  • Degrowth in Revenue and Profit
  • Degrowth in Quarterly Revenue and Profit in Recent Results(YoY)

Opportunity (0)

Data not found

Threats (3)

  • High PE (PE > 40)
  • Increasing Trend in Non-Core Income
  • RSI indicating price weakness

Resistance and support

R1 934.9
R2 953.3
R3 976.7
Pivot

911.53

S1 893.1
S2 869.7
S3 851.3
EMA SMA
929.7
983.0
1,039.7
1,114.0
925.7
998.1
1,056.1
1,116.8
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
RAJASTHAN GLOBAL SECURITIES PVT LTD Bulk Purchase 2022-05-24 1406.85 125010 NSE
RAJASTHAN GLOBAL SECURITIES PVT LTD Bulk Purchase 2022-03-28 1378.12 137828 NSE
LLM APPLIANCES PRIVATE LIMITED Bulk Sell 2022-03-28 1378.03 178791 NSE
Name Category Shares
CROMPTON GREAVES CONSUMER ELECTRICALS LIMITED PROMOTER 75%

OUR RESEARCH VIEW

Trading recommendation

Call Date
29 Oct 2021
Entry Price 1,045.00
Target Price 1,255.00
Duration
Stop Loss -

FINANCIALS

Sales
Operating Profit
Profit after Tax
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Butterfly Gandhimathi Appliances Ltd Stocks COMPARISON

Financials( in Cr) Butterfly Gandhimathi Appliances Ltd Havells India Ltd Dixon Technologies (India) Ltd Voltas Ltd Blue Star Ltd
Price 916.25 1,424.05 6,945.25 1,097.30 1,256.35
% Change -0.02 -0.38 1.13 0.21 -2.89
Mcap Cr 1,638.26 89,242.79 41,541.62 36,308.01 25,832.44
Revenue TTM Cr 1,056.55 16,910.73 12,192.01 9,498.77 7,977.32
Net Profit TTM Cr 51.67 1,071.73 255.08 136.22 400.69
PE TTM 57.11 75.73 116.29 129.60 74.19
1 Year Return -32.74 18.67 158.37 21.84 76.65
ROCE 30.38 21.93 23.60 9.54 23.89
ROE 19.91 16.97 22.36 4.46 23.42
INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 285.64 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 20,723.19 -6,502.89
LAST 3M 66,180.77 -20,510.57
LAST 6M 121,980.03 9,662.75
LAST 12M 182,040.92 177,457.32

Butterfly Gandhimathi Appliances Ltd Information

Stock PE (TTM)
57.11
Promoter Holding
75%
Book Value
175.4807
ROCE
30.38%
ROE
19.91%
Description
  • Started in 1986, Butterfly Gandhimathi Appliances Ltd. (Formerly Know as Gandhimathi Appliances Ltd) is today reckoned among the largest Kitchen Appliances Companies in India, with a large and trusted customer base both in the country and overseas. A pioneer and among the very few integrated manufacturers of Domestic Kitchen Appliances in the country, BGMAL is reputed for Quality and Innovation, with benchmark standards and many industry-first achievements to its credit. The Company`s flagship and popular `Butterfly` brand includes one of the widest range of Domestic Appliances such as LPG Stoves, Mixer Grinders, Table Top Wet Grinders, Stainless Steel & Aluminium Pressure Cookers, Stainless Steel Flasks & Water Bottles, Chimney Hobs, Geysers, Air Coolers, among others. The company has 4 state-of-the-art-manufacturing units, backed by the latest R&D facilities ensure total compliance to standards of excellence in design and quality. The company`s products are also exported to the United Kingdom, Canada, Australia, Japan, Middle East and the East Asian Countries, among others. Their products have been recognized for their quality standards by various international organisations. The company started business in the year 1986 mainly as a trading concern. The commercial production of LPG stoves and Geysers started in October 1987. This was followed by commercial production of Mixer/ Grinders from October 1989. Presently the Company is engaged in manufacture of LPG stoves, Mixer/Grinders and Geysers. In 2014, the company acquires Domestic Kitchen & Domestic Electrical Appliances division from Associate Company LLM Appliances Limited During 2019-20, the Company launched new products in nonstick cook ware, new model mixer grinder (premium and economy segment) and stainless steel vacuum flasks as well as water bottle with a new and improved version. Through Share Purchase Agreement (SPA), Crompton Greaves Consumer Electricals Limited acquired 98,33,754 Equity Shares representing 55% of the Equity Share Capital of the Company from the Promoters & Members of Promoter Group through the Stock Exchange Settlement Process and became a Promoter of the Company in 2022. Crompton Greaves Consumer Electricals Limited (CGCEL) also became the Holding Company effective from 30th March, 2022. The Company further launched TWG Celestra, an aesthetically designed Table-Top Wet Grinder in 2022.

Registered Address

143 Vandalur-Kelambakkam Road, Pudupakkam vill Kanchipm Dist, Kelambakkam, Tamil Nadu, 603103

Tel : 91-044-47415500/46
Email : butterflyho:butterflyindia.com
Website : http://www.butterflyindia.com
Registrar

GNSA Infotech Ltd

AGM Date (Month) : Jul
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 517421
NSE Code : BUTTERFLY
Book Closure Date (Month) :
BSE Group : B
ISIN : INE295F01017

FAQ’s on Butterfly Gandhimathi Appliances Ltd Shares

You can buy Butterfly Gandhimathi Appliances Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Butterfly Gandhimathi Appliances Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Feb 26, 2024 03:43 PM the closing price of Butterfly Gandhimathi Appliances Ltd was ₹ 916.25.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Feb 26, 2024 03:43 PM, the market cap of Butterfly Gandhimathi Appliances Ltd stood at ₹ 1,638.26.

The latest PE ratio of Butterfly Gandhimathi Appliances Ltd as of Feb 26, 2024 03:43 PM is 57.11

The latest PB ratio of Butterfly Gandhimathi Appliances Ltd as of Feb 26, 2024 03:43 PM is 0.19

The 52-week high of Butterfly Gandhimathi Appliances Ltd is ₹ 1,359.95 while the 52-week low is ₹ 864.95

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