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Stove Kraft Ltd share Price

Company details

6M Return 31.59%
1Y Return -23.97%
Mkt Cap.(Cr) 1,714.92
Volume 81,304
Div Yield 0.00%
OI Chg %
Volume 81,304

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Houseware company Stove Kraft announced Q1FY24 results:

  • Revenues of Rs 297.7 crore in Q1FY24 compared to Rs 275.1 crore in Q1FY23, up 8.2% YoY
  • Gross Profit of Rs 109.9 crore in Q1FY24 compared to Rs 90.5 crore in Q1FY23, up 21.4% YoY
  • Gross Profit % at 36.9% in Q1FY24 compared to Rs 32.9% in Q1FY23
  • EBITDA of Rs 23.4 crore in Q1FY24 compared to Rs 21.60 crore in Q1FY23, up 8.7% YoY
  • Profit for the year stands at Rs 7.7 crore in Q1FY24 compared to Rs 8.1 crore in Q1FY23, down 4.4% YoY
  • PAT % at 2.6% in Q1FY24 compared to 2.9% in Q1FY23 

Comments on Q1FY24 Results by Rajendra Gandhi, Managing Director: "First quarter of FY24 was in-line with our expectation in terms of revenue & profitability growth. As the nature of our business is seasonal the first and last quarters are smaller than the second and third quarters. We witnessed revenue and gross profit growth of 8.2% & 21.4% respectively despite muted demand. We have seen significant growth in small appliances on both YoY & QoQ basis. General trade, E-Commerce, retail & modern retail have experienced growth.

I’m excited to announce the Company is consistently adding company-owned and company-operated retail stores for the Pigeon brand. During the quarter, we successfully added 25 additional stores in South India taking the total count to 77 stores till 30 Jun 23, and 90% of the stores achieve operational break-even, in an average period of 3 months post opening.

As we move ahead in 2023, we remain committed to continuing our growth trajectory by bringing valued products to our customers. We have improved our offering by bringing indigenous manufactured products like stainless steel bottles, kettles & electric rice cookers along with established air fryers from our Bangalore Unit which will lead us to the next leg of growth & create long-term value for all our stakeholders.

The Leadership team of 7 (seven) CXOs are in place who are fully committed to the sustainable growth and value creation for our stakeholders."



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Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax

Stove Kraft Ltd Stocks COMPARISION


Equity Capital: 403.37 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 18,676.55 -6,386.02
LAST 3M 37,244.98 6,086.45
LAST 6M 47,342.46 153,492.54
LAST 12M 133,811.11 156,210.35

Stove Kraft Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • Stove Kraft Limited was incorporated as Stove Kraft Private Limited on June 28, 1999 at Bengaluru, Karnataka, India as a private limited company and commenced its business on June 28, 1999. Subsequently, the company was converted into a public limited company pursuant to a special resolution passed by the shareholders at the EGM on May 28, 2018, and the name of the Company was changed from Stove Kraft Private Limited to Stove Kraft Limited on August 13, 2018. The Company is a kitchen solutions and an emerging home solutions brand. Further, It is one of the leading brands for kitchen appliances in India, and are one of the dominant players for pressure cookers and amongst the market leaders in the sale of free standing hobs and cooktops. It is engaged in the manufacture and retail of a wide and diverse suite of kitchen solutions under its Pigeon and Gilma brands, and propose to commence manufacturing of kitchen solutions under the BLACK DECKER brand, covering the entire range of value, semi-premium and premium kitchen solutions, respectively. The Company`s kitchen solutions comprise of cookware and cooking appliances across its brands, and its home solutions comprise various household utilities, including consumer lighting, which not only enables it to be a one stop shop for kitchen and home solutions, but also offer products at different pricing points to meet diverse customer requirements and aspirations. The Company`s flagship brands, Pigeon and Gilma, have enjoyed a market presence of over 15 years and enjoy a high brand recall amongst customers for quality and value for money. Pigeon has been listed as one of the `India`s Most Admired Brands 2016` by White Page International. As a result of its co-branding initiatives over eight years with LPG companies such as Indian Oil Corporation Limited and Hindustan Petroleum Corporation Limited to utilize their sale and distribution channels, its Pigeon brand has enjoyed a wide customer outreach and continues to have a high brand recall value. The Company manufactures and retails a wide and diverse range of affordable (value segment), quality products under its Pigeon brand, including, inter alia, cookware, cooking appliances and household utilities (including consumer lighting). The Company currently offers a wide range of products such as chimney, hobs and cooktops under the Gilma brand, which is targeted at the semi-premium segment. The Company has a separate distribution network for each of its Pigeon, Gilma and BLACK DECKER brands. Further, there is a separate distribution network for the Pigeon LED products. As of September 30, 2020, its manufacturing facilities in Bengaluru and Baddi are well connected with nine strategically located C&F agents. Additionally, the company has 651 distributors in 27 states and five union territories of India and 12 distributors for its products that are exported as of September 30, 2020. As of September 30, 2020, the C&F agents and distributors are, in turn, connected with a dealer network comprising of over 45,475 retail outlets, which are driven through a sales force of 566 personnel. The Company has entered into commercial arrangements with retail chains such as Metro Cash And Carry India Private Limited for the sale of its Pigeon branded products from several of their retail outlets in India. Further, It has also entered into agreements with e-commerce platforms such as Flipkart India Private Limited for the sale of its products on their portals. Outside of India, the company exports its products which are manufactured by it to retail chains in the United States of America and Mexico. The Company`s Gilma brand products are sold through exclusively branded outlets owned and operated by franchisees. As of September 30, 2020, there were 65 such stores spread across four states and 28 cities and towns, with a presence in the urban market in south India. Gilma stores are designed to be experience` stores. The Company was founded by its Promoter, Rajendra Gandhi, a first generation entrepreneur with over 21 years of experience in the kitchen appliances industry. The Company believes that the sector-specific experience and expertise of its senior management has contributed significantly in the growth of the Company.

Registered Address

81/1 Medamarana Halli Village, Harohalli Hobli KanakapurTaluk, Bangalore Rural, Karnataka, 562112

Tel : 91-80-28016222
Email : cs:stovekraft.com
Website : http://www.stovekraft.com

KFin Techologies Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 543260
Book Closure Date (Month) :
BSE Group : A
ISIN : INE00IN01015

FAQ’s on Stove Kraft Ltd Shares

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

Company share prices and volatile and keep changing according to the market conditions. As of Sep 22, 2023 03:59 PM the closing price of Stove Kraft Ltd was ₹ 519.20.

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 Sep 22, 2023 03:59 PM, the market cap of Stove Kraft Ltd stood at ₹ 1,714.92.

The latest PE ratio of Stove Kraft Ltd as of Sep 22, 2023 03:59 PM is 47.76

The latest PB ratio of Stove Kraft Ltd as of Sep 22, 2023 03:59 PM is 0.24

The 52-week high of Stove Kraft Ltd is ₹ 700.00 while the 52-week low is ₹ 353.10

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