STOVEKRAFTNSE29 July 2021

Stove Kraft Limited has informed the Exchange about Investor Presentation

Stove Kraft Limited

STOVE KRAFT LIMITED

INVESTOR PRESENTATION July 2021

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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

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Q1 FY22 Financial Performance

Strong Q1 FY22 Performance

Revenue from Operations

+133%

Rs. 214 crores

EBITDA

+110%

Rs. 20.2 crores EBITDA Margins at 9.4%

Profit After Tax

+734%

24.7%

8.0%

Rs. 13.5 crores PAT Margins at 6.3%

Revenue Breakup : Q1 FY22

29.7%

21.8%

LED

Pressure Cookers

5.9%

10.0%

Induction Cooktop

Gas Cook Top

Nonstick Cookware

Mixers / Small Appliances / Others

Increased Volumes during the quarter

Pressure Cooker

Gas Cooktops

Induction Cooktops

+195%

5.3

+218%

1.1

1.8

0.3

+152%

2.1

0.8

Q1 FY21

Q1 FY22

Q1 FY21

Q1 FY22

Q1 FY21

Q1 FY22

Non Stick Cookware

+61%

9.9

LED

+63%

16.8

6.2

10.3

Small Appliances/Mixers/Others

+141%

18.9

7.9

Q1 FY21

Q1 FY22

Q1 FY21

Q1 FY22

Q1 FY21

Q1 FY22

Units in Lakhs

Profit & Loss Statement – Q1 FY22

Profit & Loss Statement (Rs. Crs.)

Q1 FY22

Q1 FY21

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

EBITDA

EBITDA %

Other Income

Depreciation and Amortisation Expense

EBIT

Finance Costs

PBT

Total Tax Expense

Profit for the year

PAT %

214.2

129.2

18.5

-6.9

73.4

34.3%

23.8

29.4

20.2

9.4%

0.4

4.1

16.5

3.0

13.5

0.0

13.5

6.3%

92.1

61.6

11.0

-11.5

31.0

33.6%

11.0

10.4

9.6

10.4%

0.1

3.4

6.3

4.7

1.6

0.0

1.6

1.8%

Y-o-Y

133%

137%

110%

163%

734%

FY21

859.0

442.4

125.2

-9.4

300.7

35.0%

80.6

107.3

112.8

13.1%

1.5

14.2

100.0

18.8

81.2

0.0

81.2

9.5%

New Launches

PIGEON SENSO TOUCH MIXER GRINDER (1000 W)

BLENDO

BLEND ANYWHERE ON THE GO. EASY TO CARRY AND DRINK STRAIGHT FROM THE CUP

DRINK 20 GLASSES OF SMOOTHIES PER FULL CHARGE

EASY TO POWER UP WITH USB CABLE THROUGH POWER BANK, LAPTOP ETC

UNBREAKABLE FOOD GRADE PC CONTAINER

EASY TO CLEAN – JUST ADD WATER, LIQUID SOAP AND BLEND

New Launches

DOSA TAWA

KADAI

GRILL PAN

FRY PAN

CAST IRON COOKWARE

SLEEK Glass Cook Top

•

Naturally Nonstick

Even distribution of heat

Dietary benefit

Chemical-Free

Less Expensive

Long Life Span

Impact resistant Toughened Glass

Slim Ergonomic Knobs with night glow

Non-Slippery Legs for confident cooking

Adds Iron To Your Food

5 Year Manufacturer Warranty

Easy to Clean

Unique Crown shaped Pan support for extra appeal

Improving Efficiencies

Reducing Trading Sales (% of Sales)

Reducing Debt (Rs. Crs.)*

18%

28%

13%

19%

338

185

Q1 FY21

Q1 FY22

FY20

FY21

Mar-20

Conversion of CCDs to Equity

IPO Proceeds

Internal Accruals

Current Debt Position

RoCE*

RoE*

Working Capital (in Days)^

31.9%

26.8%

* As on 31st March 2021

^ Working Capital is taken as % of Sales

Working Capital (in Days)

Mar-20

Mar-21

Inventory

Debtors

Creditors

Balance Sheet as on 31st March 2021

EQUITY AND LIABILITIES (Rs. Crs.)

31-Mar-21

31-Mar-20

ASSETS

31-Mar-21

31-Mar-20

Equity share capital

Other equity

Total Equity

Financial liabilities

Borrowings

Other Financial Liabilities

Deferred tax liabilities (net)

Provisions

Total Non-Current Liabilities

Financial liabilities

Borrowings

Lease liabilities

Trade payables

Other financial liabilities

Provisions

Other current liabilities

Total Current Liabilities

Total Liabilities

Total Equity and Liabilities

32.6

270.1

302.7

20.7

0.0

17.1

7.2

45.0

29.8

0.0

176.6

9.0

2.2

5.8

223.3

268.3

571.0

24.7

-83.4

-58.7

204.8

0.0

10.8

6.3

221.9

122.1

0.2

151.2

28.7

1.7

4.8

308.8

530.7

472.0

Property, plant and equipment

Capital work-in-progress

Intangible Assets

Intangible Assets under development

Financial Assets

Investments

Other Financial assets

Non-Current Tax Assets

Other non-current assets

Total Non-Current assets

Inventories

Financial Assets

Trade receivables

Cash and cash equivalents

Bank balances

Loans

Other financial assets

Other current assets

Total Current Assets

Total Assets

217.7

19.1

3.2

0.0

5.3

0.4

9.8

255.4

156.0

84.7

29.5

7.9

0.5

2.9

34.0

315.6

571.0

193.4

4.2

0.3

3.3

0.9

5.0

0.2

4.1

211.5

116.6

103.0

14.4

4.4

0.4

1.3

20.5

260.5

472.0

Cash Flow Statement as on 31st March 2021

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-21

Mar-20

81.2

-36.8

117.9

-8.1

109.8

-0.1

109.7

-65.5

-29.1

15.1

14.4

29.5

2.8

-34.4

37.2

-27.5

9.7

-0.0

9.7

-18.4

-1.8

-10.6

25.0

14.4

Delivering value to stakeholders with IPO

February 2021

▪

Listing of Stove Kraft Limited on BSE & NSE

IPO Price: Rs. 385 per share

Listing Price: Rs. 467 per share

▪ Objects of Issue:

o Repayment of certain borrowings

availed by Company

Stove Kraft Limited Listing at Valuation of ~ Rs. 1,500 Crs. on 5th February 2021

About Stove Kraft Limited

Headquartered in Bengaluru, Karnataka

Manufacture and retail of a wide and diverse suite of kitchen solutions under Pigeon, Gilma, and Black+Decker brands

Retail lighting solutions under the Pigeon LED brand

Well equipped backward integrated manufacturing facilities

• Bengaluru (Karnataka)

• Baddi (Himachal Pradesh)

Presence in more than 27 states & 5 UTs in India

• 9 C&F Agents

• 651 Distributors

• 45,500+ Retail Outlets

Built a Separate Distribution Network for Pigeon, Gilma, Black+Decker and Pigeon LED

Key Milestones

1999

2001

2003

2008

2010

Incorporated as Stove Kraft Pvt. Limited

Granted trademark registrations for Gilma

Granted trademark registrations for Pigeon

Investments by SIDBI

Received factory license for unit 1 of the Bengaluru Facility

First Investment by Sequoia

2014

2015

2018

2019

2021

Commenced exports to a retailer in the USA

Certificate of registration of design was granted for our product ‘Pressure cooker’

Achieved sales of 9.1 million units

LED Plant in Bangalore & Inner Lid Cooker Plant in Baddi, HP

IPO with listing on NSE and BSE with a valuation of over Rs. 1,500 crores

Competitive Strengths

One stop shop for well recognised, award winning portfolio of kitchen solutions brands with a diverse range of products across consumer preferences and consistent focus on innovation

Widespread, well connected distribution network with a presence across multiple retail channels and a dedicated after-sales network

Strong Manufacturing Capability with efficient backward integration with focus on quality

Wide range of branding and marketing activities

Professional management with a successful track record backed by an experienced board of directors

1. 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 rice choppers, oven toaster cookers, toasters, coffee makers, sandwich makers and kettles

grills,

• Other products –Steam irons, dry irons,

water heaters and oil fin radiators

LED bulbs

Battens

Downlights

Multi-brand approach to capture the entire value chain…

Value

Semi - Premium

Premium

• 144+ year old brand • One of the market leaders for certain products such as cookware*

• Launched in 2016 and

manufacturing commenced in 2019

• 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 raise post

sales service requests

• 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.

• Separate distribution consisting of 863 dealers across 9

states

*Source: F&S Report

1. …with continuous focus on innovations

Consistent launch of innovative products

Upcoming Launches

Turbo Chopper

Feather Touch Mixer Grinder

Super Cooker Registered design with customizable products into multiple utilities

Super Storm Advanced With forced air-cooling technology

Personal Blender

Pro Chopper

Infinity Glass Cooktop Glass cooktops with a fastener free body

2. Well connected distribution network…

k r o w e m a r F s e c i v r e S s e l a S

◼ Implemented BIZOM for tracking and capturing movement of field sales executives and

service engineers on real time basis

◼ Utilise DMS to track secondary and tertiary sales and maintain inventory level at the

distributor’s centre

◼ Dedicated service team with full in-house capabilities

◼ End services provided through company technicians

◼ Centralized CRM software enables tracking of customer requests, pre-installation & post-

sales support

◼ Centralized call centres and allocation of service requests to branches based on mapping

◼ Dedicated mobile app for Gilma customers to raise installation and post sales services

requests

45,500+

Pigeon

Gilma

Pigeon LED

Black+Decker

C & F Agents

Retail Outlets

566

Exclusive Gilma Stores

Personnel

Note: Data as of 30 September 2020, OEM – Original Equipment Manufacturing, DMS – Distributor management system, Personnel- corresponds to sales & marketing personnel

2. … with huge exports opportunity

Netherlands

Kuwait

Bahrain Qatar

Iran

UAE

Uganda

Tanzania

Nepal

India

Sri Lanka

Philippines

USA

Mexico

Stovekraft (OEM)

Pigeon

Head Quartered

Export Countries

2 Countries

OEM Partnerships

Export Sales %

3. 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

◼ Subject to a rigorous review and monitoring process undertaken at our

Bengaluru Facility

Total ~46 acres with ~30 acres available for future expansion

◼ Dedicated sourcing team and quality assurance team based out of

China

Both facilities have a high level of backward integration and our manufacturing process is not dependent on third party suppliers and OEMs

4. Wide range of branding and marketing

Brand popularity and recall value is maintained by a wide range

of marketing and advertising activities coordinated by in-house

team of 15 personnel

• in-shop displays, merchandising, kiosks,

live demo

stands and social media marketing

• continuously engage with various publications, TV

channels and other media

Diversification of product portfolio to suit

the needs of

customers by regularly seeking insights and feedback from

them

Allows customers to engage with the brand specifically designed for their budget and lifestyle

5. Professional Management

Mr. Rajendra Gandhi, Managing Director

• Founder of Stove Kraft with over 21 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 affairs of the Company and is instrumental in promoting Stove Kraft’s culture of innovation

Mr. Rajiv Mehta, Chief Executive Officer

Mr. Shashidhar SK, CFO CS & Compliance Officer

•

Independent director on the board of Stove Kraft since June 2018 & has been re- designated as the CEO with effect from September 2019

• Previously worked as the CEO of Arvind Limited

• Bachelor’s degree in Chemical Engineering from the University of Mumbai and a Master’s degree in Science from University of Pennsylvania; MBA from INSEAD

• Bachelor’s in commerce from Bangalore University, CGMA & FCMA by CIMA,

Fellow member of the ICSI & ICAI

• 25+ years of experience in the field of corporate finance and corporate

secretarial

• Ex Tata Advanced Materials Ltd (CFO & CS), Water Health India (Global CFO)

Ms. Neha Gandhi, Executive Director

• 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

Mr. Manoj N G, National Sales Head – Pigeon Division

Mr. Venkitesh N, Head –Corporate Planning

Mr. Rohit Mago, CEO – Baddi Manufacturing Unit

• Holds a degree of B.Sc., (Calicut University); PGDM in business administration, Xavier Institute of Management & Entrepreneurship, Bangalore

• 16+ years of experience in the durable

consumer goods sector

• Prior experience - Stints with Samsung

India Electronics, Panasonic India, MIRC Electronics, IFB Industries, BPL & TCL India Holdings

• Bachelor’s degree in Technology from

University of Kerala

• 25+ years of experience in manufacturing,

product development and project management with a stint in BPL for 13 years

• B Sc, Government Autonomous Science College, Jabalpur; MBA, Rani Durgavati Vishwavidyalya; Post-graduate certificate in retail management, XLRI Jamshedpur

• 18+ years of experience including a 14-year

stint with HPCL

*Source: F&S Report

5. Backed by Experienced Board

Ms. Shubha Rao Mayya, Independent Director

Holds a bachelor’s degree in commerce from the University of Mumbai and is a chartered accountant with the Institute of Chartered Accountants of India

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

Mr. Rajendra Gandhi, Managing Director

Founder of Stove Kraft with over 21 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 affairs of the Company and is instrumental in promoting Stove Kraft’s culture of innovation

Mr. Lakshmikant Gupta, Independent Director

Mr. Rajiv Mehta, Chief Executive Officer

Holds a bachelor’s degree in economics from Hans Raj College, University of Delhi and a post-graduate diploma in business management from Institute of Management Technology, Ghaziabad

Previously associated with Ibibo Group, Procter & Gamble and Girnar Software

Independent director on the board of Stove Kraft since June 2018 and has been re- designated as the CEO of the Company with effect from September 2019

Previously worked as the CEO of Arvind Limited

Bachelor’s degree in Chemical Engineering from the University of Mumbai and a Master’s degree in Science from University of Pennsylvania; MBA from INSEAD

Mr. Bharat Singh, Nominee Director

Ms. Neha Gandhi, Executive Director

Previously worked as CFO of Ibibo Group and SBI Business Process Management Services

Holds a bachelor’s degree in commerce from the University of Delhi and is a Chartered Accountant with the Institute of Chartered Accountants of India

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

She has earlier served as a Graduate Trainee at Viacom18

Growth Strategies

Scale up branding, promotional and digital activities

◼ Increased advertising, factory visits for trade partners, increasing digital presence and engagements, generating

contemporary educational content and engaging in brand associations

Expand our portfolio in the existing product categories

Invest in new plants and increase automation in existing manufacturing facilities

Increase our geographical reach and expansion of addressable market

Focus on and augment our LED consumer lighting business

◼ We propose to expand our product portfolio across categories to cater to the evolving requirements of a large

customer base & cover newer customer segments

◼ Propose to increase the level of automation at our manufacturing facilities to achieve greater efficiency in reducing

time taken for and the cost of manufacturing our products, from design to commercial production

◼ Continue to enhance our addressable market through our network of over 45,475 retail outlets, over 651

distributors and 9 C&F agents across the country, as at September 30, 2020.

◼ Continue to introduce a wider range of LED lighting products for different end-use segments and expand to newer

and broader geographies

Increase exports

◼ Seek to expand our global reach, through constant innovation and increased customer acceptance of our products

in international markets

◼ Our presence is currently spread across 14 countries including UAE, Qatar, Bahrain, Kuwait, Tanzania, Uganda,

Nepal, Sri Lanka, Bangladesh, Oman, Ghana, USA, Mexico and Saudi Arabia

Shift in Consumption Patterns and Favourable Governments Policies

Indian Consumer Appliance Market expected to grow @CAGR of ~9%

Key Growth Drivers

Indian Appliance and Consumer Electronics (ACE) Market

(INR Bn)

Kitchen Appliances Market

LCA

SCA

Non Stick Cookware

(INR Bn)

3,150

2,050

SKL’s product mix favorable to market growth trends - LCA and Non Stick growing at 12% and 15%

2017

2022E

207 10 86

111

2020

350

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

SKL partnered with HPCL & Indian Oil for providing cooktops with every new gas connection

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 Retality Programs

Health and Environment Concerns

• 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

Technological Advancements

hardware manufacturing sector

•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

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

111

125

141

159

19,955

21,761

179

202

5 25 26

5 29

6 34

6 39

7 45

SKL is the market leader* in Free standing hobs and cook tops

2020

2021F

2022F

2023F

2024F

2025F

2020

2021F

2022F

2023F

2024F

2025F

Volume ('000 Units)

Value (INR Bn)

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

52,613

56,405

60,470

64,828

69,501

74,511

101

109

118

127

2020

2021F

2022F

2023F

2024F

2025F

Volume ('000 Units)

Value (INR Bn)

* As per market share of retail sales volume; # Others include electric rice cooker, blenders, electric kettle, coffee maker and juice extractor

12 12 18

13 13

14 14

15 16

2020

2021F

2022F

2023F

2024F

2025F

Mixer Grinder

Pressure Cooker

Food Processors

Others

Non – Stick Cookware and Indian Household Utility Products

Increasing Market for Non-Stick Cookware

Types of Non-Stick Cookware Used (%) in 2020

7,117

7,819

8,590

9,437

10,367

11,389

16.8%

9.9%

74.1%

67.0%

56.2%

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

Company has prominent position in South India for non-stick cookware

Household Utility Products – Market INR Billion in 2018

35.1%

s r e h t O

• • •

• •

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

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

242

216

144

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")

Awards & Recognition

Awarded the ‘Gold Award’ by Quality Circle Forum of India (Bengaluru chapter) in the years 2013 and 2014

Awarded ‘India’s Most Admired Brand 2016’ by White Page International

CSR Activities

Enriching Lives

In an area that was suffering from the shortage of one of the most basic needs of life, we worked to alleviate the pain of the people, however much we could. Stove Kraft saw to the drilling of a bore-well for the local village in order to meet the water-needs of the villagers. The water is now supplied by the local governing authorities through their domestic water-supply scheme. The lives of over 200 families have been enriched by the water of this well and it gives us immense pleasure to have been able to do our share for the community.

Uplifting Primary Education

Seeing to the proper development of the future generation of our country remains to be one of the primary concerns of our CSR policy. Stove Kraft sponsored the complete repair and renovation of numerous portions of a local, government primary school. We also undertook the repair and construction of hygiene facilities for young boys and girls. So that the students do not need to sit on the ground at school, we also provided desks and benches for them. Since 2010 we have started the annual ritual of providing 60 students with books and stationery for the entire year.

Historical Financials

Strong track record and financial stability

Revenues (Rs. Crs.)

EBITDA (Rs. Crs.)

PAT (Rs. Crs.)

641

670

524

857

113

FY 2018

FY 2019

FY 2020

FY21

FY 2018

FY 2019

FY 2020

FY21

-12 FY 2018

FY 2019

FY 2020

FY21

Gross Profit Margins

EBITDA Margins

PAT Margins

35.0%

34.0%

13.2%

9.5%

32.5%

31.6%

4.6%

5.0%

1.9%

FY 2018

FY 2019

FY 2020

FY21

FY 2018

FY 2019

FY 2020

FY21

0.1%

0.5%

-2.3% FY 2018

FY 2019

FY 2020

FY21

Strong track record and financial stability

RoCE

32.1%

7.8%

9.2%

2.1%

Mar-18

Mar-19

Mar-20

Mar-21

Cash Flow from Operations (Rs. Crs.)

110

Working Capital (in Days)

FY 2018

FY 2019

FY 2020

FY 2021

Mar-18

Mar-19

Mar-20^

Mar-21^

Inventory

Debtors

Creditors

^ Working Capital for Mar-20 and Mar-21 is taken as % of Sales

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

EBITDA

EBITDA %

Other Income

Depreciation and Amortisation Expense

EBIT

Finance Costs

PBT

Total Tax Expense

Profit for the year

PAT %

FY21

857.4

441.9

125.2

-9.4

299.7

35.0%

80.6

105.8

113.2

13.2%

1.5

14.2

100.5

19.2

81.2

0.0

81.2

9.5%

Mar-20

Mar-19

Mar-18

669.9

323.2

128.8

-10.1

228.0

34.0%

82.0

112.2

33.8

5.0%

3.1

12.4

24.5

20.9

3.6

0.4

3.2

0.5%

640.9

317.5

132.6

-11.5

202.3

31.6%

69.8

102.7

29.8

4.6%

1.7

12.3

19.2

17.9

1.3

0.5

0.8

0.1%

523.7

241.1

120.3

-7.9

170.2

32.5%

59.1

101.0

10.1

1.9%

5.6

11.2

4.5

16.9

-12.4

-0.5

-11.9

-2.3%

Historical Balance Sheet

EQUITY AND LIABILITIES (Rs. Crs.)

31-Mar-21

31-Mar-20

31-Mar-19

31-Mar-18

Equity share capital

Other equity

Total Equity

Financial liabilities

Borrowings

Other Financial Liabilities

Deferred tax liabilities (net)

Provisions

Total Non-Current Liabilities

Financial liabilities

Borrowings

Lease liabilities

Trade payables

Other financial liabilities

Provisions

Other current liabilities

Current tax liabilities (net)

Total Current Liabilities

Total Liabilities

Total Equity and Liabilities

32.6

270.2

302.8

20.7

17.1

0.0

7.2

45.0

29.8

0.0

175.9

9.0

2.2

6.4

0.0

223.3

268.2

571.0

24.7

-83.4

-58.7

204.8

10.8

0.0

6.3

221.9

122.1

0.2

151.2

28.7

1.7

4.8

0.0

308.8

530.7

472.0

24.7

-88.7

-63.7

210.0

9.6

0.0

4.6

224.2

99.9

0.0

134.1

23.8

1.5

5.4

0.5

265.2

489.4

425.7

18.9

-199.0

-179.9

311.3

14.8

0.0

3.4

329.5

81.0

0.0

145.2

11.0

1.6

5.2

0.0

244.0

573.5

393.6

Historical Balance Sheet

ASSETS

Property, plant and equipment

Capital work-in-progress

Intangible assets

Financial Assets

Investments

Other Financial assets

Non-Current Tax Assets

Other non-current assets

Total Non-Current assets

Inventories

Financial Assets

Trade receivables

Cash and cash equivalents

Bank balances

Loans

Other financial assets

Other current assets

Total current assets

Total Assets

31-Mar-21

31-Mar-20

31-Mar-19

31-Mar-18

217.7

19.1

3.2

0.0

5.3

0.4

9.8

255.4

155.7

85.0

29.5

7.9

0.5

2.9

34.0

315.9

571.0

193.4

178.7

182.1

4.2

3.6

0.9

5.0

0.2

4.1

211.5

116.6

103.0

14.4

4.4

0.4

1.3

20.5

260.5

472.0

0.9

1.2

0.0

5.1

4.7

1.4

192.0

97.4

89.7

28.5

3.0

0.5

1.9

12.8

233.7

425.7

0.6

0.0

3.8

4.7

3.1

194.9

105.1

79.6

0.4

3.4

0.0

1.1

9.1

198.7

393.6

Thank You

Investor Relations Advisors :

CIN: U29301KA1999PLC025387

Contact Person:

Email Address:

Mr. Elangovan S., CS

elangovan.s@stovekraft.com

Mr. Deven Dhruva +91 9833373300 deven.dhruva@linkintime.co.in

Ms. Neha Shroff +91 7738073466 neha.shroff@linkintime.co.in

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