Stove Kraft Limited has informed the Exchange about Investor Presentation
03 November 2025
BSE Limited
National Stock Exchange of India Ltd.
Phiroze Jeejeebhoy Towers,
Exchange Plaza, Plot no. C/1, G Block,
Dalal Street,
Mumbai- 400 001
Scrip Code: 543260
Dear Sir / Madam,
Bandra-Kurla Complex
Bandra (E), Mumbai - 400 051
NSE Symbol: STOVEKRAFT
Sub: Investor Presentation for Conference Call – Regulation 30(6)
This has reference to our letter dated 28 October 2025 informing about conference call being
organized by MUFG Intime. Pursuant to Regulation 30(6) of the SEBI (Listing Obligations
and Disclosure Requirements) Regulations 2015, please find attached a presentation to be made
to analysts and the institutional investors at the conference call scheduled tomorrow i.e.,04
November 2025 at 3:00 P.M.
After the conference call, a transcript of the discussion shall also be posted on the website of
the Company, www.stovekraft.com for information of the investors.
Thanking you,
Yours faithfully, For Stove Kraft Limited
Shrinivas P Harapanahalli Company Secretary & Compliance Officer
STOVE KRAFT LIMITED
Q2 & H1FY26 INVESTOR PRESENTATION
Safe Harbor
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trailing restrictions.
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subscribe for, any securities of the Company, nor shall it or any part of it or the fact of its distribution form the basis of, or be relied on in connection with, any contract or
commitment thereof. In particular, this presentation is not intended to be a prospectus or offer document under the applicable laws of any jurisdiction, including India. No
representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions
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communication or to otherwise notify the recipient if the information, opinion, projection, forecast or estimate set forth herein, changes or subsequently becomes inaccurate.
Certain statements contained in this presentation that are not statements of historical fact constitute “forward-looking statements.” You can generally identify forward-looking
statements by terminology such as “aim”, “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intend”, “may”, “objective”, “goal”, “plan”, “potential”, “project”, “pursue”,
“shall”, “should”, “will”, “would”, or other words or phrases of similar import. These forward-looking statements involve known and unknown risks, uncertainties, assumptions and
other factors that may cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed
or implied by such forward-looking statements or other projections. Important factors that could cause actual results, performance or achievements to differ materially include,
among others: (a) our ability to successfully implement our strategy, (b) our growth and expansion plans, (c) changes in regulatory norms applicable to the Company, (d)
technological changes, (e) investment income, (f) cash flow projections, and (g) other risks.
This presentation is for general information purposes only, without regard to any specific objectives, financial situations or informational needs of any particular person. The
Company may alter, modify or otherwise change in any manner the content of this presentation, without obligation to notify any person of such change or changes.
2
Q2 & H1FY26 FINANCIAL PERFORMANCE
“
”
“
The only way to do great work is to love what you do
- Steve Jobs ”
Macro Economy Update
India’s consumer durables market expected to grow at ~11% CAGR till FY29 : CII & EY
India’s retail inflation (CPI) fell to an 8-year low of 1.54% in Sept’25
Rationalized GST rates are expected to enhance industry volumes and encourage consumer upgradation to modern appliances
India’s consumer spending is poised for robust growth, propelled by the expanding middle and upper-middle- income segments boosting purchasing power and discretionary demand
Home appliances witnessed significant growth within the electronics segment, emerging as a key driver of festive sale
Favorable monsoons, RBI’s liquidity measures, and rising private investments have collectively bolstered macroeconomic stability, improved realizations and spurred a revival in rural demand
4
Q2 & H1FY26 Key Operational Highlights
01
Revenue has grown by 13.4% YoY and 39.5% QoQ in Q2 FY26 with healthy mix of Volume & Value
02
Gross Margin continuous to remain stable above 38.5%, in-line with our target for the full year. EBIDTA stands at Rs. 56.8 cr improved by 15.8% compared to same period last year
Quarterly Updates
03
PAT improved by 27.8% YoY & 104.7% QoQ in Q2 FY26 and by 27.6% in H1 FY26
04
During the Quarter, 296 stores were operational covering 21 states and 120 cities i.e. sufficiently covering Southern States with Monthly Avg Store Sales at Rs. 3.81L
05
ROCE has seen sequential improvement from 12.3% in Q1 FY26 to 15.5% Q2 FY26
5
Financial Snapshots
Sales
EBITDA
PAT
+11.8%
418.3
474.4
379.8
+19.3%
49.0
56.8
39.9
+13.9%
21.4
16.5
16.7
Q2 FY24
Q2 FY25
Q2FY26
Q2 FY24
Q2 FY25
Q2FY26
Q2 FY24
Q2 FY25
Q2FY26
Sales
+9.6%
732.8
814.5
677.5
EBITDA
+20.3%
80.7
92.4
63.9
PAT
+13.5%
31.8
24.7
24.9
H1 FY24
H1 FY25
H1 FY26
H1 FY24
H1 FY25
H1 FY26
H1 FY24
H1 FY25
H1 FY26
6
Q2FY26 Performance (Y-o-Y)
Q2FY26 Revenues
INR 474.4 crores
+ 13.4 %
Q2FY26 Gross Profit
INR 182.8 crores
+ 14.4 %
Q2FY26 EBITDA
Q2FY26 PAT
INR 56.8 crores
INR 21.4 crores
+ 15.8 %
+ 27.8 %
Q2 FY26 growth in Product Category
Revenue Breakup: Q2 FY26
Product Category
Growth Val (YoY)
Growth Vol (Y-o-Y)
➢ Gas Cooktops
➢ Small Appliance
➢ Non-stick Cookware
➢ Cooker
➢ Induction Cooktops
* Non-Stick includes Ceramic & Cast Iron
25.4%
21.2%
15.2%
9.9%
5.5%
22.2%
6.7%
-5.6%
7.9%
4.0%
41%
20%
10%
8%
19%
Pressure Cookers
Induction Cooktop
Gas Cooktop
Nonstick Cookware
Small Appliances
7
H1FY26 Performance (Y-o-Y)
H1FY26 Revenues
INR 814.5 crores
+ 11.2 %
H1FY26 Gross Profit
INR 313.1 crores
+ 11.9 %
H1FY26 EBITDA
H1FY26 PAT
INR 92.4 crores
INR 31.8 crores
+ 14.5 %
+ 27.6 %
H1 FY26 growth in Product Category
Revenue Breakup: H1 FY26
Product Category
Growth Val (YoY)
Growth Vol (Y-o-Y)
➢ Small Appliance
➢ Non-stick Cookware
➢ Induction Cooktops
➢ Gas Cooktops
➢ Cooker
19.9%
13.0%
10.2%
9.6%
6.6%
1.8%
-14.0%
6.3%
11.5%
6.3%
40%
20%
10%
8%
*Contribution from higher value products has increased significantly.
21%
Pressure Cookers
Induction Cooktop
Gas Cooktop
Nonstick Cookware
Small Appliances
8
Healthy Financial Position
51
64
59
128
144
133
114
113
114
37
33
40
H1FY26
FY25
FY 24
Inventory Days
Receivable Days
Payable Days
Inventory days improved from 144 to 128 days
a. b. Post the dispatchment of export orders and festive season we can see an improvement in Net working capital for the Q2 & H1 FY26 which stands at 51
18.00% 16.00% 14.00% 12.00% 10.00% 8.00% 6.00% 4.00% 2.00% 0.00%
0.9 0.8 0.7 0.6 0.5 0.4 0.3 0.2 0.1 0
Improving ROCE & ROE
12.30%
7.80%
12.30%
8.20%
15.50%
10.10%
FY24
FY25
H1 FY26
ROCE
ROE
Stable Debt Equity Ratio
0.72
0.47
0.79
0.43
0.52
0.40
FY24
FY25
H1FY26
Debt Equity Ratio
Debt Equity Ratio (Excl Lease)
9
Q2 & H1FY26 Consolidated Profit & Loss Statement
Profit & Loss Statement (Rs. Crs.) Revenue from Operations Cost of Materials Consumed Purchase of stock-in-trade Changes in Inventories of Finished Goods and Work in Progress Gross Profit GP % Employee Benefits Expense Other Expenses Allowance for ECL EBITDA EBITDA % Other Income Depreciation and Amortisation Expense EBIT Finance Costs
PBT Total Tax Expense Profit for the year PAT % *Operational Leverage has helped to improve PAT %.
Q2 FY26 474.4 259.5 17.0
Q2 FY25 418.3 243.9 30.1
15.1
182.8 38.5% 47.9 77.6 0.4 56.8 12.0% -2.9 20.6 33.3
6.2
27.2 5.8 21.4 4.5%
-15.5
159.8 38.2% 44.9 64.6 1.3 49.0 11.7% -1.9 17.4 29.8
7.9
21.9 5.1 16.7 4.0%
Y-o-Y 13.4%
14.4%
15.8%
27.8%
Q1 FY26 340.1 199.8 16.7
-6.8
130.4 38.3% 44.2 49.7 0.8 35.6 10.5% 2.1 17.1 20.6
7.3
13.3 2.9 10.4 3.1%
Q-o-Q 39.5%
40.2%
59.4%
104.7%
H1FY26 814.5 459.3 33.8
H1FY25 732.8 419.6 50.6
8.3
313.1 38.4% 92.1 127.3 1.3 92.4 11.3% -0.8 37.7 53.9
13.4
40.5 8.7 31.8 3.9%
-17.4
279.9 38.2% 86.8 110.3 2.1 80.7 11.0% -0.8 32.4 47.4
14.6
32.8 7.9 24.9 3.4%
Y-o-Y 11.2%
11.9%
14.5%
27.6%
10
Q2 & H1FY26 Consolidated Balance Sheet
Equity and Liabilities (Rs. Crs.) Equity share capital Other equity Total Equity Financial liabilities (a)Borrowings (b)Lease liabilities (c)Suppliers credit (d)Other Finacial Liabilities Provisions Total Non-Current Liabilities Financial liabilities Borrowings Lease liabilities Suppliers Credit Trade payables (a) Outstanding dues micro & small enterprise (b) Outstanding dues other than above Other financial liabilities Provisions Current tax liabilities (net) Other current liabilities Total Current Liabilities Total Liabilities Total Equity and Liabilities
30-Sep-25 33.1 461.3 494.4
31-Mar-25 33.1 437.8 470.8
0.0 36.6 8.8 10.0 14.1 69.4
137.1 22.9 54.7
22.9 249.3 42.0 7.3 4.1 38.9 579.0 648.4 1142.8
0.0 151.9 8.8 8.1 8.1 176.9
179.5 16.1 14.9
10.2 251.8 36.6 12.3 0.0 34.8 556.3 733.1 1204.0
Assets (Rs. Crs.) Property, plant and equipment Capital work-in-progress Intangible Assets Right of use Goodwill on Amalgamation Financial Assets (a)Investments (b)Other Financial assets Deffered Tax Assets (Net) Current Tax Assets Other non‐current assets Total Non-Current assets Inventories Financial Assets (a)Trade receivables (b)Cash and cash equivalents (c)Bank balances Loans Other financial assets Other current assets Total Current Assets Total Assets
30-Sep-25 459.2 66.2 7.8 58.1 0.0
31-Mar-25 458.5 22.6 9.0 159.7 0.0
0.0 10.8 4.9 2.4 19.0 628.3 331.6
156.7 2.9 8.5 0.0 1.3 13.5 514.5 1142.8
0.0 7.4 3.2 2.4 22.1 684.9 361.0
131.4 2.8 6.7 0.0 1.7 15.4 519.1 1204.0
11
Q2 & H1FY26 Consolidated Cashflow Statement
Cash Flow Statement (Rs. Crs.)
Cash Flow from Operating Activities
Profit before Tax
Adjustment for Non-Operating Items
Operating Profit before Working Capital Changes
Changes in Working Capital
Cash Generated from Operations
Less: Direct Taxes paid
Net Cash from Operating Activities
Cash Flow from Investing Activities
Cash Flow from Financing Activities
Net increase/ (decrease) in Cash & Cash equivalent
Add: Cash and cash equivalents as at the beginning of the year
Cash and cash equivalents as at the end of the year
Sep-25
Sep-24
40.5
52.3
92.8
20.8
113.6
-6.2
107.4
-70.3
-36.9
0.2
2.8
2.9
32.8
48.8
81.6
5.5
87.1
-6.5
80.6
-40.8
-37.2
2.6
7.1
9.7
12
Updates on Exclusive Retail Channel
Expanded into 10 new cities this quarter, further strengthening our presence across key regions and
reinforcing our footprint and brand presence in emerging markets
296
Stores
164,720
257,566
units sold
₹ 3.81
lakh per store/per month
296 stores operational in 21 states and in 120 cities of India. Added 16 new stores in Q2, with 23 under franchisee model
Number of new customers added. 18% repeat purchase
Pressure Cooker, cooktop, chimney & Hob contributing 50% of the Revenue
Average sale per store stands at ₹ 3.81 Lakhs
350
300
250
200
150
100
50
0
3.63
3.52
3.81
2.66
52
FY23
171
FY24
262
FY25
296
H1FY26
Store Count
Avg Sales / Stores
4.5
4
3.5
3
2.5
2
1.5
1
0.5
0
1
13
Lifting Brand Appeal and Customer Dialogue
14
New Product Introductions & Social Media Marketing
BLDC Hair Dryer – Showcase Reel
Independence Day – Reel
Cast- Iron Reel
Friendship Day - Reel
15
New Product Launches
Tesla Electric Kettle
Idiyappam Maker
Pure Slow Juicer
Electric Chopper & Coffee Maker
Hair Trimmer & 9in1 Electric Cleaning brush
Nutri Blender
Rice Cooker & Glacier Bottle
All Clad Tri-Ply Pressure Cooker
16
“
Success is walking from failure to failure with no loss of enthusiasm - Winston Churchill
”
ABOUT STOVE KRAFT LIMITED
Key Milestones
Granted trademark registrations for Gilma
Investments by SIDBI Commenced production at Harohalli facility
Commenced exports to retailers in the USA
Achieved sales of 9.1 million units
IPO with listing on NSE and BSE
2001
2008
2014
2018
2021
1999
2003
2010
2015
2019
2022
Incorporated Stove Kraft as a Pvt. Limited
Granted trademark registrations for Pigeon
First Investment by Sequoia
Certificate of registration of design was granted for our product ‘Super cooker’
LED Plant in Bangalore & Inner Lid Cooker Plant in Baddi, HP
Introduce Retail Channel from Bangalore
18
Diverse range of products across consumer preferences…
Cookware–Pressure cooker, wonder cast cookware, non-stick cookware, electric rice cookers and titanium hard anodized cookware
Cooktops and other kitchen solutions –Hobs, glass cooktops, stainless steel cooktops, induction cooktops and chimneys
Small appliances –Mixer grinders, rice cookers, electric kettles, toasters, sandwich makers, knives, steam irons, juicers, food steamers, air fryers and electric grills
Other products –Emergency lamps, water bottles and flasks, aluminum ladders, cloth dryers, water heaters, dustbins and mops
LPG Stoves
Massage apparatus
Water heaters
Chimney
Hobs
Cooktops
Kitchen sinks
Small appliances – Food processors, juicers, hand blenders, hand mixers, mini choppers, oven toaster grills, rice cookers, coffee makers, toasters, sandwich makers and kettles
Other products – Steam irons, dry irons, water heaters and oil fin radiators
LED bulbs
Battens
Downlights
Value
Semi - Premium
Premium
Multi-brand approach to capture the entire value chain…
20+ year old brand One of the market leaders for certain products such as cookware
Launched in 2016 and manufacturing commenced in 2019
*Source: F&S Report
• Offers a modular kitchen experience • Comprises chimneys, hobs and cooktops across price
ranges and designs
• Sold exclusively though Gilma branded outlets, which
are owned and operated by franchisees
• Gilma specific mobile application for customers to
• Entered into an exclusive brand licensing
agreement with Stanley Black & Decker Inc. in 2016
• Retailer for and provider of post-sales service for
blenders, juicers, breakfast appliances, etc.
raise post sales service requests
• Separate distribution spread across 10 states
19
State of the Art Manufacturing Facilities with focus on quality
Baddi, Himachal Pradesh
Dedicated in-house R&D facility
Comprising of 13 personnel and tie- ups with foreign companies for technology enablement
ISO 9001:2015 certified
Bengaluru, Karnataka
Focus on quality is maintained at all stages
Sourcing of raw materials Product development Manufacturing stage
Rigorous review and monitoring process
Subject to a rigorous review and monitoring process undertaken at our Bengaluru Facility
Sourcing team and quality assurance team
Dedicated sourcing team and quality assurance team based out of China
Total ~46 acres with ~10 acres available for future expansion
Both facilities have a high level of backward integration, and our manufacturing process is not dependent on third party suppliers and OEMs
20
Professional Management Team
Mr. Rajendra Gandhi Managing Director
Mrs. Neha Gandhi, Executive Director
Mr. Ramakrishna Pendyala Chief Financial Officer
• Founder of Stove Kraft with over 22 years of
experience
• Entrepreneur who built Stove Kraft to one of the
leading brands for kitchen appliances in India
• Continues to be closely involved in the day-to-day in
affairs of the Company and promoting Stove Kraft’s culture of innovation
instrumental
is
• Holds a Bachelor’s Degree in Business Administration from Christ University (Bengaluru) and completed Post Graduation Certificate Program in Sales and Marketing Management from MICA
• Served as a Graduate Trainee at Viacom18
• He holds a bachelor’s degree in commerce and is a member of Institute of Chartered Accountants of India (ICAI) and Institute of Cost Accountants of India (ICMAI)
• Has more than 18 years of experience in the corporate taxation, corporate
finance, controlling, auditing, governance and compliance fields
Mr. Rohit Mago Chief Revenue Officer
Mr. Mayank Gupta Chief Growth Officer
• B Sc, Government Autonomous Science College, Jabalpur; MBA, Rani Durgavati Vishwavidyalya; Post- graduate certificate in retail management, XLRI Jamshedpur
• 27+ years of experience including a 14-year stint with
HPCL
• Mayank is the CGO at SKL. He is responsible for designing and execution of growth strategy for emerging brands and retail stores at SKL
• Mayank has a rich and diverse experience of more than 16 years in spearheading retail business verticals & in establishing new business across product categories
*Source: F&S Report
21
Board of Directors
Mr. Rajendra Gandhi Managing Director
Mrs. Sunita Gandhi, Non-Executive Director
Mrs. Neha Gandhi, Executive Director
Mr. Natrajan Ramakrishna Independent Director
• Founder of Stove Kraft with over 22 years
of experience
• Entrepreneur who built Stove Kraft to one for kitchen leading brands
the
of appliances in India
• Continues to be closely involved in the day- to-day affairs of the Company and is instrumental in promoting Stove Kraft’s culture of innovation
• She
is promoter of the Company and appointed as an additional non-executive director
• Completed
her
senior
secondary certification from SS Jain V High School. She was also director of the Company from 10th July’04 till 30th Sep’16
• Holds a Bachelor’s Degree in Business Administration from Christ University Post (Bengaluru) Graduation Certificate Program in Sales and Marketing Management from MICA
completed
and
• Served as a Graduate Trainee at
Viacom18
• He is a qualified Chartered Accountant with an experience of over forty years in focusing the accounting profession Accepted mainly Accounting Principles (GAAP), IFRS, IndAS and Auditing.
Generally
on
•
He has a proven track record of work spread over various sectors focusing on IT, Financial Services, FMCG
Ms. Shubha Rao Mayya Independent Director
Mr.Avinash Gupta Independent Director
Mr. Anup S Shah Independent Director
• Holds a bachelor’s degree
from the University of Mumbai and is a chartered accountant with the Institute of Chartered Accountants of India
in commerce
• Prior experience includes ICICI Limited, ICICI Prudential Life Insurance Company and Tata Consultancy Services
• Serves as a Director on the board of Ace Manufacturing
System Limited
• He is highly experienced, execution-focused senior leader with a strong, global background and brings more than 3 decades of experience and a vast network of business relationships.
• Mr. Anup S Shah is an Additional Independent Director of the Company. He holds a Bachelor’s Degree in Commerce from HR College, Mumbai and a degree in law from Government Law College, Mumbai.
• Avinash has worked extensively in financial services including M&A, equity and debt financing, private equity placement and advisory across
• He has over 36 years of experience in the field of law, specifically real estate law. He is the founder partner of Anup S Shah Law Firm in Bangalore
*Source: F&S Report
22
Shift in Consumption Patterns & Favorable Governments Policies
Indian Consumer Appliance Market expected to grow @CAGR of ~9%
Key Growth Drivers
Indian Appliance and Consumer Electronics (ACE) Market
3,150
2,050
2017
2022E
Kitchen Appliances Market
(INR Bn)
LCA
SCA
Non Stick Cookware
SKL’s product mix favorable to market growth trends - LCA and Non Stick growing at 12% and 15%
207 10 86
111
2020
350
21
127
202
2025E
India Government’s Policies Favourable For The Consumer Appliances Industry
•
•
Shift from unorganized sector to organized sector in Indian manufacturing with the GST Implementation
Lower tax brackets (5%, 12% and 18%) used for Indian Kitchen Items vs excise +VAT taxed at ~31%
• Make In India Initiative gave ACE market necessary boost which fostered Retail Manufacturing
•
Pradhan Mantri Ujjwala Yojana – Target to provide 5 Crore LPG connection to under privileged women
• Majority Kitchen appliances are electricity driven, electricity consumption tripled since 2000
• Niche market for foreign investors, as Govt. allowed 100% FDI through automatic route in the
electronic hardware manufacturing sector
01
02
03
04
05
06
Moving towards Aspirational Lifestyle from functional Kitchen tools.
Need for Space Utilization –Emerging Concept of Modular Kitchen
Growth of E-Commerce and easy Financing options
Awareness of Cookware through Mass Media and Reality
Programs
Health and Environment Concerns
Technological Advancements
All information on this slide is obtained from the industry report prepared by Frost & Sullivan (India) Ltd. titled “Kitchen Appliances Market in India” dated December 16, 2019, read with the revised industry report dated November 24, 2020 ("F&S Report"); “E” signifies Estimated
23
Indian Large & Small Cooking Appliance Market
Increasing Market for Large Cooking Appliances (LAC)
Increasing Trend by Sub Segments – Value (INR Billion)
Large Cooking Appliances
14,209
15,453
16,817
18,313
125
141
159
19,955
179
21,761
202
5 25 26
55
5 29 30
61
6 34
34
67
6 39
39
74
7 45
46
81
8 52
53
89
SKL is the market leader* in Free standing hobs and cook tops
2021F
2022F Volume ('000 Units)
2023F
2024F
2025F
Value (INR Bn)
2020
2021F
2022F
2023F
2024F
2025F
Free-standing Hobs
Cook Tops
Cooker Hoods
Built-in Hobs
Increasing Market for Small Cooking Appliances (SAC)
Increasing Trend by Sub Segments –Value (INR Billion)
Small Cooking Appliances
60,470
64,828
69,501
74,511
52,613
56,405
93
101
109
118
127
12 12 18
44
13 13 19
48
14 14 21
52
15 16
23
56
16 17
25
60
17 18
27
64
2021F
2022F
2023F
2024F
2025F
Volume ('000 Units)
Value (INR Bn)
2020
2021F
2022F
2023F
2024F
Mixer Grinder
Pressure Cooker
Food Processors
2025F
Others
#
111
2020
86
2020
* As per market share of retail sales volume; # Others include electric rice cooker, blenders, electric kettle, coffee maker and juice extractor
All information on this slide is obtained from the industry report prepared by Frost & Sullivan (India) Ltd. titled “Kitchen Appliances Market in India” dated December 16, 2019, read with the revised industry report dated November 24, 2020 ("F&S Report"); “F” signifies Forecasted
24
Non – Stick Cookware and Indian Household Utility Products
Increasing Market for Non-Stick Cookware
Types of Non-Stick Cookware Used (%) in 2020
8,590
9,437
10,367
11,389
16.8%
9.9%
74.1%
67.0%
56.2%
7,117
7,819
9.7
2020
11.3
13.2
15.4
18.0
21.0
2021F
2022F
2023F
2024F
2025F
CAGR
Value (INR Bn)
Volume ('000 Units)
a w a T
i a d a K
n a P g n
i y r F
6.4%
c i m a r e C
e r a w k o o C
1.9%
1.3%
y t t e h c a p p A
k k a r a y i
n a P
l a
35.1%
s r e h t O
Company has prominent position in South India for non-stick cookware
Household Utility Products – Market INR Billion in 2018
• • •
• •
Stove Kraft Limited is the 3rd largest market share (12.4%) by volume in Non- Stick Cookware
It enjoys a prominent position in the Non-Stick cookware market in the southern region
242
216
Stove Kraft Limited has one of the few facilities in India to have an automated roller coating line for
manufacturing of non-stick cookware
It offers special range of products which cater to the regional cuisine of Southern India
Latest innovation aimed at product efficiency and user convenience includes a new MIOTM non-stick cookware range
– Developed using latest Italian technology – ensuring high durability and smoothness – Range has 5 layer ‘Scandia’ coating
144
71
57
52
37
Water Bottles
Dustbin
Flasks
Emergency Lamps
Ladders
Clothes Drying Stand
Floor Mop and Bucket
Except for Company specific information, all other information on this slide has been obtained from the industry report prepared by Frost & Sullivan (India) Ltd. titled “Kitchen Appliances Market in India” dated December 16, 2019, read with the revised industry report dated November 24, 2020 ("F&S Report")
25
“
Success is walking from failure to failure with no loss of enthusiasm - Winston Churchill
”
Historical Financials
Consolidated Operating Performance
Revenues (Rs. Crs.)
EBITDA (Rs. Crs.)
PAT (Rs. Crs.)
1,284
1,364
1,450
1,136
95
99
119
36
34
39
151
56
FY22
FY23
FY24
FY25
FY22
FY23
FY24
FY25
FY22
FY23
FY24
FY25
Gross Profit Margins
EBITDA Margins
PAT Margins
31.9%
32.7%
36.9%
38.1%
8.3%
7.7%
8.7%
10.4%
4.9%
2.8%
2.5%
2.7%
FY22
FY23
FY24
FY25
FY22
FY23
FY24
FY25
FY22
FY23
FY24
FY25
27
Key Financial Metrics
RoCE
16.7%
16.4%
12.0%
12.3%
Mar-22
Mar-23
Mar-24
Mar-25
Cash Flow from Operations (Rs. Crs.)
130
113
76
-5 Mar-22
Mar-23
Mar-24
Mar-25
Working Capital (in Days)
63
59
64
Working Capital (in Days)
136
144
116
113
103
80
40
39
33
Mar-23
Mar-24
Mar-25
Inventory
Debtors
Creditors*
Inventory days = Inventory/ COGS per day Receivable days = Receivable/ Sales per day
Payable days = Payable/ COGS per day * Includes trade payables, other current liabilities net of other current assets
28
Historical Profit & Loss Statement
Profit & Loss Statement (Rs. Crs.) Revenue from Operations Cost of Materials Consumed Purchase of stock-in-trade Changes in Inventories of Finished Goods and Work in Progress Gross Profit GP % Employee Benefits Expense Other Expenses Allowance for ECL EBITDA EBITDA % Other Income Depreciation and Amortisation Expense EBIT Finance Costs PBT Total Tax Expense Profit for the year PAT %
FY25 1449.8 831.2 92.8 -26.7 552.5 38.1% 171.9 226.3 3.6 150.7 10.4% 0.4 71.2 79.8 31.0 48.8 10.3 38.5 2.7%
FY24 1,364.3 813.0 101.7 -54.4 504.0 36.9% 166.6 209.1 9.5 118.8 8.7% 0.1 49.3 69.6 24.0 45.6 11.4 34.1 2.5%
FY23 1,283.8 746.1 113.8 3.5 420.4 32.7% 142.9 174.2 4.3 99.0 7.7% -3.5 31.7 63.8 16.5 47.3 11.5 35.8 2.8%
FY22 1,136.4 702.6 110.9 -40.1 362.9 31.9% 112.4 142.4 13.3 94.8 8.3% -1.6 19.7 73.6 11.0 62.5 6.3 56.2 4.9%
29
Historical Balance Sheet- 1/2
EQUITY AND LIABILITIES (Rs. Crs.) Equity share capital Other equity Total Equity Financial liabilities Borrowings Lease Liabilities Other Financial Liabilities Provisions Total Non-Current Liabilities Financial liabilities Borrowings Lease liabilities Trade payables Suppliers Credit Other financial liabilities Provisions Other current liabilities Current tax liabilities (net) Total Current Liabilities Total Liabilities Total Equity and Liabilities
31-Mar-25 33.1 437.8 470.8
31-Mar-24 33.1 406.2 439.2
31-Mar-23 33.0 370.3 403.4
31-Mar-22 32.9 331.1 364.0
0.0 151.9 16.9 8.1 176.8
179.5 16.1 262.0 14.9 36.6 12.3 34.8 0.0 556.3 733.1 1204.0
4.9 101.9 11.8 9.2 127.7
140.9 8.6 260.6 50.4 20.6 7.9 40.5 0.0 529.5 657.2 1096.4
10.0 32.3 27.3 6.5 76.0
118.8 2.2 177.5 44.2 27.1 6.9 41.3 0.1 418.1 494.1 897.5
15.3 0.0 19.0 6.2 40.5
63.1 0.0 127.4 57.9 27.9 5.4 42.0 0.4 324.0 364.5 728.5
30
Historical Balance Sheet- 2/2
ASSETS (Rs. Crs.) Property, plant and equipment Capital work-in-progress Intangible assets Right to Use Assets Goodwill on Amalgamation Financial Assets Investments Other Financial assets Income Tax Assets (Net) Current Tax Assets Other non-current assets Total Non-Current assets Inventories Financial Assets Trade receivables Cash and cash equivalents Bank balances Loans Other current financial assets Other current assets Total current assets Total Assets
31-Mar-25 458.5 22.6 9.0 159.7 0.0
31-Mar-24 396.6 29.6 3.0 110.5 0.1
31-Mar-23 362.4 9.5 4.0 35.6 0.1
31-Mar-22 309.4 9.2 3.0 0.0 0.0
0.0 7.4 3.2 2.4 22.1 684.9 361.0
131.4 2.8 6.7 0.0 1.7 15.4 519.1 1204.0
0.0 2.0 2.5 1.0 40.2 585.5 320.3
146.3 7.1 7.9 0.0 0.5 28.8 510.9 1096.4
0.0 8.1 1.4 1.3 39.7 462.2 243.3
140.9 2.5 17.2 0.0 1.0 30.3 435.3 897.5
0.0 8.2 3.2 0.2 20.7 353.8 217.4
96.7 0.4 11.6 0.0 1.5 46.9 374.6 728.5
31
Historical Cash Flow Statement
Cash Flow Statement (Rs. Crs.).
Cash Flow from Operating Activities
Profit before Tax
Adjustment for Non-Operating Items
Operating Profit before Working Capital Changes
Changes in Working Capital
Cash Generated from Operations
Less: Direct Taxes paid
Net Cash from Operating Activities
Cash Flow from Investing Activities
Cash Flow from Financing Activities
Net increase/ (decrease) in Cash & Cash equivalent
Cash and cash equivalents at beginning of the year
Cash and cash equivalents at the end of the year
Mar-25
Mar-24
Mar-23
Mar-22
48.8
106.0
154.8
-12.5
142.3
-12.4
129.9
-79.5
-54.8
-4.4
7.1
2.8
45.6
84.4
129.9
-5.0
124.9
-12.4
112.6
-88.6
-19.3
4.6
2.5
7.1
47.3
52.9
100.1
-12.6
87.6
-11.3
76.3
62.5
46.0
108.5
-104.8
3.7
-9.0
-5.3
-104.0
-115.3
29.8
2.1
0.4
2.5
91.6
-29.0
29.4
0.4
32
Thank You
Investor Relations Advisors :
CIN: L29301KA1999PLC025387
MUFG Intime India Private Limited A part of MUFG Corporate Markets, a division of MUFG Pension & Market Services
Contact Person: Mr. Shrinivas P H - Company Secretary
Email Address:
shrinivas.ph@stovekraft.com
Mr. Parth Patel : Email id - parth.patel@in.mpms.mufg.com
Ms. Vidhi Vasa : Email id - vidhi.vasa@in.mpms.mufg.com
Meeting Request
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