Stove Kraft Ltd

Stove Kraft Ltd

Next 500 2024
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OVERVIEW
FINANCIALS

About

Stove Kraft was established in 1997 with the purpose of manufacturing kerosene wick stoves in India. Soon, it became the largest LPG stove manufacturer in the country. Stove Kraft has since diversified into producing more than 1000 products, including cooktops, induction cooktops, chimneys, air fryers, hobs, pressure cookers, mixer-grinders, non-stick cookware, and more. Its brands—Gilma, Pigeon, Pigeon LED, and Black + Decker—are present in 14 countries across the Middle East, Africa, and Asia. It also serves clients like Walmart, Belk, and Big Lots in the US. With 99 stores in India by 2023, the company is associated with over 125,000 dealers all over India to distribute approximately 30 lakh products every month.

Incorporation Year: 1999
Headquarters: Bangalore
Top Management: Rajendra Gandhi
Industry: Consumer Durables

Featured In Fortune India Ranking

Next 500 India
#488(2024)#346(2023)#324(2022)
#488(2024)#346(2023)#324(2022)
Ranking Trend Fortune Next 500 India

Financial Data 2024

Revenue
1,419
(INR Cr)
Net Operating Income
1,364
(INR Cr)
Assets
716
(INR Cr)
Profit
34
(INR Cr)
Net Worth
439
(INR Cr)

Financial Data

RevenueNet Operating IncomeProfitAssetsNet Worth
PARAMETERS2024202320222021202020192018201720162015201420132012201120102009
Revenue
(INR Cr)
1419
11.1%
1277
8.7%
1175
35.1%
870
27.4%
683
4.4%
654
21.8%
537
5.7%
508
-1.0%
513
7.9%
476
-0.9%
480
27.5%
377
-37.1%
599
85.5%
323
56.7%
206
9.2%
189
-
Net Operating Income
(INR Cr)
1364
6.27%
1284
12.98%
1136
32.29%
859
28.23%
670
4.51%
641
22.41%
524
6.11%
493
-1.09%
499
3.80%
481
-1.22%
487
0.00%
377
-36.01%
588
89.01%
311
56.93%
198
6.05%
187
0.00%
Profit
(INR Cr)
34
-4.6%
36
-36.4%
56
-31.0%
81
2477.5%
3
332.9%
1
-
-13
-
-19
-
-44
-
-12
-
-30
-
-73
-
1
-93.9%
17
37.7%
12
-
-10
-
Assets
(INR Cr)
716
13.0%
634
35.6%
468
23.7%
378
28.0%
295
8.7%
272
15.1%
236
4.6%
226
-2.3%
231
-5.1%
243
-0.9%
246
125.6%
109
-39.3%
179
43.4%
125
58.2%
79
61.6%
49
-
Net Worth
(INR Cr)
439
8.9%
403
10.8%
364
20.3%
301
600.9%
-60
5.9%
-64
64.2%
-179
-7.5%
-166
-12.9%
-147
-41.5%
-104
-14.0%
-91
0.0%
-8
-111.8%
65
1.6%
64
42.3%
45
450.1%
8
0.0%
Employee Cost
(INR Cr)
167
16.5%
143
27.2%
112
39.4%
81
-1.7%
82
17.5%
70
18.1%
59
14.5%
52
8.6%
48
10.1%
43
-3.0%
45
-
0
-
0
-
0
-
0
-
0
-
Interest Cost
(INR Cr)
2618121921181715161715140000
Cash & Bank Balance
(INR Cr)
15201237193144411156531
Total Debt
(INR Cr)
2561977852338321396372365340332111108613441

Key Financial Ratios

Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
PARAMETERS2024202320222021202020192018201720162015201420132012201120102009
Profit As % Of Revenues 2.4%2.8%4.8%9.4%0.5%0.1%------0.2%5.2%5.9%-
Profit As % Of Assets 4.8%5.6%12.0%21.5%1.1%0.3%------0.6%13.3%15.3%-
Profit As % Of Networth 7.8%8.9%15.4%27.0%--------1.6%26.1%27.0%-
Interest Cost to EBITDA % 21.8%18.0%12.3%17.0%61.9%60.1%169.7%304.5%--------
Debt to Equity Ratio 0.580.490.220.17--------1.660.960.764.99
RONW 7.9%8.5%13.5%29.7%--------1.6%30.7%45.7%-
ROCE 10.5%11.2%14.7%20.6%5.1%5.4%0.0%0.0%0.0%0.0%0.0%0.0%1.6%13.7%19.0%0.0%