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Inflame Appliances

BSE:541083
Snowflake Description

Adequate balance sheet with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
541083
BSE
₹678M
Market Cap
  1. Home
  2. IN
  3. Consumer Durables
Company description

Inflame Appliances Limited manufactures and sells kitchen appliances in India. The last earnings update was 175 days ago. More info.


Add to Portfolio Compare Print
  • Inflame Appliances has significant price volatility in the past 3 months.
541083 Share Price and Events
7 Day Returns
2.8%
BSE:541083
-4.4%
IN Consumer Durables
-2.1%
IN Market
1 Year Returns
-
BSE:541083
-21.2%
IN Consumer Durables
-8.6%
IN Market
541083 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Inflame Appliances (541083) 2.8% 21.5% 137% - - -
IN Consumer Durables -4.4% -8.5% -4% -21.2% 62% 292.5%
IN Market -2.1% -4.5% -3.5% -8.6% 40.3% 78.7%
1 Year Return vs Industry and Market
  • No trading data on 541083.
  • No trading data on 541083.
Price Volatility
Industry
5yr Volatility vs Market

Value

 Is Inflame Appliances undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Inflame Appliances. This is due to cash flow or dividend data being unavailable. The share price is ₹169.45.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Inflame Appliances's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Inflame Appliances's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:541083 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-03-31) in INR ₹0.76
BSE:541083 Share Price ** BSE (2019-02-15) in INR ₹169.45
India Consumer Durables Industry PE Ratio Median Figure of 42 Publicly-Listed Consumer Durables Companies 27.33x
India Market PE Ratio Median Figure of 2,715 Publicly-Listed Companies 15.16x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Inflame Appliances.

BSE:541083 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:541083 Share Price ÷ EPS (both in INR)

= 169.45 ÷ 0.76

222.79x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Inflame Appliances is overvalued based on earnings compared to the IN Consumer Durables industry average.
  • Inflame Appliances is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does Inflame Appliances's expected growth come at a high price?
Raw Data
BSE:541083 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 222.79x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
14.9%per year
India Consumer Durables Industry PEG Ratio Median Figure of 11 Publicly-Listed Consumer Durables Companies 1.69x
India Market PEG Ratio Median Figure of 606 Publicly-Listed Companies 1.1x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Inflame Appliances, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Inflame Appliances's assets?
Raw Data
BSE:541083 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-03-31) in INR ₹25.29
BSE:541083 Share Price * BSE (2019-02-15) in INR ₹169.45
India Consumer Durables Industry PB Ratio Median Figure of 47 Publicly-Listed Consumer Durables Companies 1.84x
India Market PB Ratio Median Figure of 3,587 Publicly-Listed Companies 1.04x
BSE:541083 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:541083 Share Price ÷ Book Value per Share (both in INR)

= 169.45 ÷ 25.29

6.7x

* Primary Listing of Inflame Appliances.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Inflame Appliances is overvalued based on assets compared to the IN Consumer Durables industry average.
X
Value checks
We assess Inflame Appliances's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Consumer Durables industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Consumer Durables industry average (and greater than 0)? (1 check)
  5. Inflame Appliances has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Inflame Appliances expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Inflame Appliances, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
14.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Inflame Appliances expected to grow at an attractive rate?
  • Inflame Appliances's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Inflame Appliances's earnings growth is positive but not above the India market average.
  • Unable to compare Inflame Appliances's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BSE:541083 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:541083 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 14.9%
India Consumer Durables Industry Earnings Growth Rate Market Cap Weighted Average 19.7%
India Consumer Durables Industry Revenue Growth Rate Market Cap Weighted Average 13.1%
India Market Earnings Growth Rate Market Cap Weighted Average 18.5%
India Market Revenue Growth Rate Market Cap Weighted Average 11.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BSE:541083 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (10 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:541083 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-03-31 90 -38 3
2017-03-31 181 -1 5
2016-03-31 39 -1 1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Inflame Appliances's earnings are expected to grow by 14.9% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Inflame Appliances is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BSE:541083 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (10 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Inflame Appliances Company Filings, last reported 10 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:541083 Past Financials Data
Date (Data in INR Millions) EPS *
2018-03-31 0.76
2017-03-31 1.97
2016-03-31 0.27

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Inflame Appliances will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Inflame Appliances's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Inflame Appliances has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Inflame Appliances performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Inflame Appliances's growth in the last year to its industry (Consumer Durables).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Inflame Appliances has delivered over 20% year on year earnings growth in the past 5 years.
  • Inflame Appliances's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Inflame Appliances's 1-year earnings growth is negative, it can't be compared to the IN Consumer Durables industry average.
Earnings and Revenue History
Inflame Appliances's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Inflame Appliances Company Filings, last reported 10 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:541083 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-03-31 89.98 3.04 13.62
2017-03-31 180.58 4.59 21.61
2016-03-31 39.08 0.63 2.87
2015-03-31 -0.13 0.10
2014-03-31 -0.13 0.10
2013-03-31 -0.13 0.10

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Inflame Appliances has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Inflame Appliances used its assets less efficiently than the IN Consumer Durables industry average last year based on Return on Assets.
  • Inflame Appliances has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Inflame Appliances's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Consumer Durables industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Inflame Appliances has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Inflame Appliances's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Inflame Appliances's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Inflame Appliances is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Inflame Appliances's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Inflame Appliances's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 21.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Inflame Appliances Company Filings, last reported 10 months ago.

BSE:541083 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-03-31 101.15 6.07 13.85
2017-03-31 7.90 8.30 0.26
2016-03-31 2.91 1.74 0.98
2015-03-31 0.14 0.00 0.00
2014-03-31 0.14 0.00 0.00
2013-03-31 0.21 0.00 0.00
  • Inflame Appliances's level of debt (6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 6% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 22.4x coverage).
X
Financial health checks
We assess Inflame Appliances's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Inflame Appliances has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Inflame Appliances's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Inflame Appliances dividends.
If you bought ₹2,000 of Inflame Appliances shares you are expected to receive ₹0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Inflame Appliances's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Inflame Appliances's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BSE:541083 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
India Consumer Durables Industry Average Dividend Yield Market Cap Weighted Average of 21 Stocks 0.6%
India Market Average Dividend Yield Market Cap Weighted Average of 1397 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Inflame Appliances has not reported any payouts.
  • Unable to verify if Inflame Appliances's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Inflame Appliances's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Inflame Appliances has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Inflame Appliances's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Inflame Appliances afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Inflame Appliances has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Inflame Appliances's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Amit Kaushik
COMPENSATION ₹710,000
AGE 50
TENURE AS CEO 1.1 years
CEO Bio

Mr. Amit Kaushik is the Chief Executive Officer and Chief Financial Officer at Inflame Appliances Limited since January 5, 2018 and is presently looking into the financial and technical matters. He is Experienced and dynamic person, having 20 years’ experience. He was CEO of a leading appliances brand in India for 6 years. He had also been director & promoter of an Indo-Ukranian JV, Akibo Spring India Private Limited. He is heading various departments and responsibilities for overall performance and profitability. He holds bachelor degree of Economics & Public Administration from Kakatiya University, Andhra Pradesh.

CEO Compensation
  • Insufficient data for Amit to compare compensation growth.
  • Amit's remuneration is lower than average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the Inflame Appliances management team in years:

1.1
Average Tenure
50
Average Age
  • The average tenure for the Inflame Appliances management team is less than 2 years, this suggests a new team.
Management Team

Aditya Kaushik

TITLE
Chairman & MD
COMPENSATION
₹710K
AGE
50
TENURE
1.1 yrs

Amit Kaushik

TITLE
CEO & CFO
COMPENSATION
₹710K
AGE
50
TENURE
1.1 yrs

- Abhimanyu

TITLE
Company Secretary & Compliance Officer
COMPENSATION
₹105K
AGE
26
TENURE
1.1 yrs

Dinesh Kaushik

TITLE
Whole Time Director
COMPENSATION
₹175K
AGE
73

Anita Kaushik

TITLE
Whole Time Director
COMPENSATION
₹200K
AGE
49
Board of Directors Tenure

Average tenure and age of the Inflame Appliances board of directors in years:

1.1
Average Tenure
50
Average Age
  • The average tenure for the Inflame Appliances board of directors is less than 3 years, this suggests a new board.
Board of Directors

Aditya Kaushik

TITLE
Chairman & MD
COMPENSATION
₹710K
AGE
50
TENURE
1.1 yrs

Dinesh Kaushik

TITLE
Whole Time Director
COMPENSATION
₹175K
AGE
73
TENURE
1.1 yrs

Anita Kaushik

TITLE
Whole Time Director
COMPENSATION
₹200K
AGE
49
TENURE
1.3 yrs

Akshay Vats

TITLE
Non-Executive Independent Director
AGE
61
TENURE
1.1 yrs

Udit Chandiok

TITLE
Non-Executive Independent Director
AGE
28
TENURE
1.1 yrs

Rajesh Bhandari

TITLE
Independent Director
AGE
50
TENURE
0.8 yrs

Smita Bhandari

TITLE
Additional Non-Executive Director
TENURE
0.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Inflame Appliances's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Inflame Appliances has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Map
Description

Inflame Appliances Limited manufactures and sells kitchen appliances in India. The company offers 2/3/4 burner cooktops under the Inflame, Hindware, and Avaante brands. It also provides built-in hobs, cooker hoods (chimneys), and cooking range products. The company also exports its products to Nepal, Singapore, Malaysia, Sri Lanka, Bangladesh, Africa, and the United Arab Emirates. The company was formerly known as Techno Engineering Corporation and changed its name to Inflame Appliances Limited in November 2017. Inflame Appliances Limited was founded in 2010 and is based in Panchkula, India.

Details
Name: Inflame Appliances Limited
541083
Exchange: BSE
Founded: 2010
₹677,800,000
4,000,000
Website: http://www.inflameindia.com
Address: Inflame Appliances Limited
Khasra No. 40/14-15-16-17/1,
Block - Raipur Rani, NH - 73,
Panchkula,
Haryana, 134202,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 541083 Equity Shares Mumbai Stock Exchange IN INR 16. Mar 2018
Number of employees
Current staff
Staff numbers
0
Inflame Appliances employees.
Industry
Household Appliances
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/19 13:42
End of day share price update: 2019/02/15 00:00
Last earnings filing: 2018/08/28
Last earnings reported: 2018/03/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.