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
Website: stovekraft.com
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
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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) | 26 | 18 | 12 | 19 | 21 | 18 | 17 | 15 | 16 | 17 | 15 | 14 | 0 | 0 | 0 | 0 |
| Cash & Bank Balance (INR Cr) | 15 | 20 | 12 | 37 | 19 | 31 | 4 | 4 | 4 | 1 | 11 | 5 | 6 | 5 | 3 | 1 |
| Total Debt (INR Cr) | 256 | 197 | 78 | 52 | 338 | 321 | 396 | 372 | 365 | 340 | 332 | 111 | 108 | 61 | 34 | 41 |
Key Financial Ratios
Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 0.58 | 0.49 | 0.22 | 0.17 | - | - | - | - | - | - | - | - | 1.66 | 0.96 | 0.76 | 4.99 |
| 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% |