Announcement • Jul 13
Stove Kraft Limited to Report Q1, 2027 Results on Aug 03, 2026 Stove Kraft Limited announced that they will report Q1, 2027 results on Aug 03, 2026 Price Target Changed • Jun 23
Price target increased by 10% to ₹719 Up from ₹652, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of ₹749. Stock is up 33% over the past year. The company is forecast to post earnings per share of ₹18.60 for next year compared to ₹12.69 last year. Board Change • Jun 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 2 highly experienced directors. Non-Executive & Independent Director Avinash Gupta was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 14
Full year 2026 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2026 results: EPS: ₹12.69 (up from ₹11.65 in FY 2025). Revenue: ₹16.0b (up 10% from FY 2025). Net income: ₹419.9m (up 9.1% from FY 2025). Profit margin: 2.6% (down from 2.7% in FY 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) missed analyst estimates by 10%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • May 12
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 6.2% to ₹564. The fair value is estimated to be ₹469, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.6% over the last 3 years. Earnings per share has grown by 3.0%. Revenue is forecast to grow by 30% in 2 years. Earnings are forecast to grow by 101% in the next 2 years. Announcement • Apr 29
Stove Kraft Limited to Report Q4, 2026 Results on May 12, 2026 Stove Kraft Limited announced that they will report Q4, 2026 results on May 12, 2026 Buy Or Sell Opportunity • Apr 23
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 13% to ₹548. The fair value is estimated to be ₹446, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.6% over the last 3 years. Earnings per share has grown by 3.0%. Revenue is forecast to grow by 30% in 2 years. Earnings are forecast to grow by 101% in the next 2 years. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹563, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 31x in the Consumer Durables industry in India. Total returns to shareholders of 46% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹450 per share. Buy Or Sell Opportunity • Apr 08
Now 21% overvalued Over the last 90 days, the stock has fallen 5.9% to ₹542. The fair value is estimated to be ₹450, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.6% over the last 3 years. Earnings per share has grown by 3.0%. Revenue is forecast to grow by 30% in 2 years. Earnings are forecast to grow by 101% in the next 2 years. New Risk • Mar 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.9x net interest cover). Minor Risk Share price has been volatile over the past 3 months (7.6% average weekly change). Buy Or Sell Opportunity • Feb 03
Now 26% overvalued Over the last 90 days, the stock has fallen 25% to ₹532. The fair value is estimated to be ₹422, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.6% over the last 3 years. Earnings per share has grown by 3.0%. Revenue is forecast to grow by 30% in 2 years. Earnings are forecast to grow by 96% in the next 2 years. Reported Earnings • Feb 01
Third quarter 2026 earnings released: EPS: ₹1.25 (vs ₹3.67 in 3Q 2025) Third quarter 2026 results: EPS: ₹1.25 (down from ₹3.67 in 3Q 2025). Revenue: ₹3.76b (down 6.8% from 3Q 2025). Net income: ₹41.5m (down 66% from 3Q 2025). Profit margin: 1.1% (down from 3.0% in 3Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 2% per year. Announcement • Jan 15
Stove Kraft Limited to Report Q3, 2026 Results on Jan 31, 2026 Stove Kraft Limited announced that they will report Q3, 2026 results at 9:08 AM, Indian Standard Time on Jan 31, 2026 Buy Or Sell Opportunity • Dec 12
Now 25% overvalued Over the last 90 days, the stock has fallen 7.6% to ₹621. The fair value is estimated to be ₹496, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.8% over the last 3 years. Earnings per share has declined by 3.3%. Revenue is forecast to grow by 29% in 2 years. Earnings are forecast to grow by 77% in the next 2 years. Price Target Changed • Nov 22
Price target increased by 7.8% to ₹850 Up from ₹788, the current price target is an average from 3 analysts. New target price is 38% above last closing price of ₹618. Stock is down 21% over the past year. The company is forecast to post earnings per share of ₹16.76 for next year compared to ₹11.65 last year. Buy Or Sell Opportunity • Nov 11
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 7.8% to ₹649. The fair value is estimated to be ₹540, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.8% over the last 3 years. Earnings per share has declined by 3.3%. Revenue is forecast to grow by 30% in 2 years. Earnings are forecast to grow by 71% in the next 2 years. Reported Earnings • Nov 04
Second quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2026 results: EPS: ₹6.46 (up from ₹5.06 in 2Q 2025). Revenue: ₹4.72b (up 13% from 2Q 2025). Net income: ₹213.6m (up 28% from 2Q 2025). Profit margin: 4.5% (up from 4.0% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.1%. Earnings per share (EPS) missed analyst estimates by 2.3%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Announcement • Oct 19
Stove Kraft Limited to Report Q2, 2026 Results on Nov 03, 2025 Stove Kraft Limited announced that they will report Q2, 2026 results on Nov 03, 2025 Announcement • Sep 26
Stove Kraft Limited Declares Annual Dividend for the Financial Year Ended 31 March 2025 Stove Kraft Limited at its AGM held on 26 September 2025, declared Dividend of INR 3 per Equity Share of INR 10 each (i.e.,30%) for the financial year ended 31 March 2025. Upcoming Dividend • Sep 12
Upcoming dividend of ₹3.00 per share Eligible shareholders must have bought the stock before 19 September 2025. Payment date: 26 October 2025. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of Indian dividend payers (1.2%). In line with average of industry peers (0.4%). Buy Or Sell Opportunity • Aug 05
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.7% to ₹571. The fair value is estimated to be ₹747, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.8% over the last 3 years. Earnings per share has declined by 11%. Revenue is forecast to grow by 31% in 2 years. Earnings are forecast to grow by 78% in the next 2 years. Reported Earnings • Aug 05
First quarter 2026 earnings released: EPS: ₹3.15 (vs ₹2.48 in 1Q 2025) First quarter 2026 results: EPS: ₹3.15 (up from ₹2.48 in 1Q 2025). Revenue: ₹3.40b (up 8.2% from 1Q 2025). Net income: ₹104.3m (up 27% from 1Q 2025). Profit margin: 3.1% (up from 2.6% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Announcement • Jul 11
Stove Kraft Limited to Report Q1, 2026 Results on Aug 04, 2025 Stove Kraft Limited announced that they will report Q1, 2026 results on Aug 04, 2025 Buy Or Sell Opportunity • Jun 17
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 28% to ₹570. The fair value is estimated to be ₹716, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.4% over the last 3 years. Earnings per share has declined by 17%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 25% per annum over the same time period. Buy Or Sell Opportunity • May 29
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 23% to ₹547. The fair value is estimated to be ₹692, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.4% over the last 3 years. Earnings per share has declined by 17%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 25% per annum over the same time period. Price Target Changed • May 24
Price target decreased by 27% to ₹797 Down from ₹1,085, the current price target is an average from 3 analysts. New target price is 41% above last closing price of ₹567. Stock is up 14% over the past year. The company is forecast to post earnings per share of ₹14.57 for next year compared to ₹11.65 last year. Declared Dividend • May 23
Dividend increased to ₹3.00 Dividend of ₹3.00 is 20% higher than last year. Ex-date: 19th September 2025 Payment date: 26th October 2025 Dividend yield will be 0.5%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (24% earnings payout ratio) and cash flows (17% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. EPS is expected to grow by 97% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 22
Full year 2025 earnings released: EPS: ₹11.65 (vs ₹10.30 in FY 2024) Full year 2025 results: EPS: ₹11.65 (up from ₹10.30 in FY 2024). Revenue: ₹14.5b (up 6.3% from FY 2024). Net income: ₹385.1m (up 13% from FY 2024). Profit margin: 2.7% (up from 2.5% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Feb 19
Now 27% overvalued The stock has been flat over the last 90 days, currently trading at ₹744. The fair value is estimated to be ₹584, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.1% over the last 3 years. Earnings per share has declined by 23%. Revenue is forecast to grow by 34% in 2 years. Earnings are forecast to grow by 101% in the next 2 years. New Risk • Feb 05
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.9x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.9x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.0% average weekly change). Reported Earnings • Feb 04
Third quarter 2025 earnings released: EPS: ₹3.67 (vs ₹2.04 in 3Q 2024) Third quarter 2025 results: EPS: ₹3.67 (up from ₹2.04 in 3Q 2024). Revenue: ₹4.04b (up 12% from 3Q 2024). Net income: ₹121.4m (up 80% from 3Q 2024). Profit margin: 3.0% (up from 1.9% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. New Risk • Feb 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.9% average weekly change). Buy Or Sell Opportunity • Jan 28
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 3.9% to ₹807. The fair value is estimated to be ₹656, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.0% over the last 3 years. Earnings per share has declined by 33%. Revenue is forecast to grow by 37% in 2 years. Earnings are forecast to grow by 139% in the next 2 years. Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹765, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 40x in the Consumer Durables industry in India. Total loss to shareholders of 11% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹657 per share. Buy Or Sell Opportunity • Dec 13
Now 22% overvalued Over the last 90 days, the stock has fallen 7.5% to ₹806. The fair value is estimated to be ₹660, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.0% over the last 3 years. Earnings per share has declined by 33%. Revenue is forecast to grow by 37% in 2 years. Earnings are forecast to grow by 139% in the next 2 years. Buy Or Sell Opportunity • Nov 22
Now 20% overvalued The stock has been flat over the last 90 days, currently trading at ₹779. The fair value is estimated to be ₹647, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.0% over the last 3 years. Earnings per share has declined by 33%. Revenue is forecast to grow by 37% in 2 years. Earnings are forecast to grow by 139% in the next 2 years. Announcement • Nov 12
Stove Kraft Limited Announces Resignation of Manu Nanda, Chief Marketing and Product Officer Stove Kraft Limited announced resignation of Manu Nanda, Chief Marketing and Product Officer of the Company Dr. Manu Nanda has been relieved with effect from close of business hours on 11 November 2024. Buy Or Sell Opportunity • Nov 01
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 36% to ₹801. The fair value is estimated to be ₹654, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.0% over the last 3 years. Earnings per share has declined by 33%. Revenue is forecast to grow by 37% in 2 years. Earnings are forecast to grow by 139% in the next 2 years. Reported Earnings • Oct 29
Second quarter 2025 earnings: EPS misses analyst expectations Second quarter 2025 results: EPS: ₹5.06 (up from ₹5.00 in 2Q 2024). Revenue: ₹4.16b (up 9.7% from 2Q 2024). Net income: ₹167.2m (up 1.2% from 2Q 2024). Profit margin: 4.0% (down from 4.4% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 21%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Announcement • Oct 28
Stove Kraft Limited Announces Management Retirements Stove Kraft Limited announced the of retirement of Mr. Venkitesh N, Corporate Planning- Head, and Mr. Senthil Kumar.R, Head Procurement, Senior Management Personnel, on account of Superannuation. However they will be associated with the Company as retainers. Announcement • Sep 20
Stove Kraft Limited Approves Dividend for the Financial Year Ended 31 March 2024 Stove Kraft Limited at its AGM held on September 20, 2024, approved to declare dividend of INR 2.50 per Equity Share of INR 10 each (i.e.,25%) for the financial year ended 31 March 2024. Valuation Update With 7 Day Price Move • Aug 17
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹729, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 49x in the Consumer Durables industry in India. Total loss to shareholders of 4.2% over the past three years. Reported Earnings • Aug 11
First quarter 2025 earnings: EPS exceeds analyst expectations First quarter 2025 results: EPS: ₹2.48 (in line with 1Q 2024). Revenue: ₹3.15b (up 6.0% from 1Q 2024). Net income: ₹82.0m (flat on 1Q 2024). Profit margin: 2.6% (down from 2.8% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 38%. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Announcement • Jul 12
Stove Kraft Limited to Report Q1, 2025 Results on Jul 29, 2024 Stove Kraft Limited announced that they will report Q1, 2025 results on Jul 29, 2024 Price Target Changed • Jul 02
Price target increased by 42% to ₹780 Up from ₹550, the current price target is provided by 1 analyst. New target price is 23% above last closing price of ₹634. Stock is up 44% over the past year. The company is forecast to post earnings per share of ₹16.10 for next year compared to ₹10.30 last year. Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹530, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 46x in the Consumer Durables industry in India. Total loss to shareholders of 9.7% over the past three years. Announcement • Jun 01
Stove Kraft Limited Announces Resignation of Vikash Kumar Gupta, Chief Operating Officer Stove Kraft Limited announced that Mr. Vikash Kumar Gupta, Chief Operating Officer of the Company, a Senior Management Personnel, has tendered his resignation due personal reasons. Mr. Vikash Kumar Gupta has been relieved from the position as Chief Operating Officer with effect from close of business hours on 31 May 2024. Reported Earnings • May 28
Full year 2024 earnings: EPS in line with analyst expectations despite revenue beat Full year 2024 results: EPS: ₹10.30 (down from ₹10.87 in FY 2023). Revenue: ₹13.6b (up 6.3% from FY 2023). Net income: ₹341.4m (down 4.6% from FY 2023). Profit margin: 2.5% (down from 2.8% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Announcement • May 25
Stove Kraft Limited Recommends Dividend for the Financial Year Ended 31 March 2024 The board of directors of Stove Kraft Limited at its meeting held on May 24, 2024, recommended Dividend of INR 2.50 per Equity Share of INR 10 each (25%) for the financial year ended 31 March 2024, subject to the approval of the shareholders at the upcoming Annual General Meeting. The Company has fixed 13 September 2024 as the record date for the purpose of determining the members entitled attend AGM and receive dividend. The dividend on equity shares if declared, at the AGM will be paid to the members within thirty days from the date of AGM. Announcement • May 16
Stove Kraft Limited Announces Resignation of Janardhanan N, Chief Human Resource Officer Stove Kraft Limited informed that Mr. Janardhanan N, Chief Human Resource Officer of the company, a Senior Management Personnel, has tendered his resignation due personal reasons. Mr. Janardhanan N has been relieved from the position as Chief Human Resource Officer with effect from close of business hours on 15 May 2024. Announcement • May 12
Stove Kraft Limited to Report Q4, 2024 Results on May 24, 2024 Stove Kraft Limited announced that they will report Q4, 2024 results on May 24, 2024 Announcement • Mar 13
Stove Kraft Limited Announces Change in Management Stove Kraft Limited announced that Mr. Navin Singhania, Chief Technology Officer of the company, a Senior Management Personnel, has tendered his resignation due to personal reasons. Copy of his resignation letter is enclosed. Mr. Navin Singhania has been relieved from the position as Chief Technology Officer with effect from close of business hours on 13 March 2024. The company inform that Mrs. Neha Gandhi, Executive Director will additionally handle the IT Department and digital landscape of the Company with effect from 14 March 2024. Mrs. Neha Gandhi holds a Bachelor's degree in Business Administration from Christ University, Bengaluru and has completed a postgraduate certificate programme in Sales and Marketing Management from MICA (formerly Mudra Institute of Communications, Ahmedabad). She has served as a graduate trainee at Viacom18 Media Private Limited. Price Target Changed • Feb 12
Price target decreased by 10.0% to ₹540 Down from ₹600, the current price target is provided by 1 analyst. New target price is 25% above last closing price of ₹433. Stock is down 5.3% over the past year. The company is forecast to post earnings per share of ₹9.90 for next year compared to ₹10.87 last year. New Risk • Feb 12
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.7x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.7x net interest cover). Minor Risk Profit margins are more than 30% lower than last year (1.9% net profit margin). Reported Earnings • Feb 10
Third quarter 2024 earnings released: EPS: ₹2.04 (vs ₹2.37 in 3Q 2023) Third quarter 2024 results: EPS: ₹2.04 (down from ₹2.37 in 3Q 2023). Revenue: ₹3.60b (up 11% from 3Q 2023). Net income: ₹67.6m (down 13% from 3Q 2023). Profit margin: 1.9% (down from 2.4% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Announcement • Jan 23
Stove Kraft Limited to Report Q3, 2024 Results on Feb 09, 2024 Stove Kraft Limited announced that they will report Q3, 2024 results on Feb 09, 2024 Reported Earnings • Nov 08
Second quarter 2024 earnings released: EPS: ₹5.00 (vs ₹7.88 in 2Q 2023) Second quarter 2024 results: EPS: ₹5.00 (down from ₹7.88 in 2Q 2023). Revenue: ₹3.80b (down 6.4% from 2Q 2023). Net income: ₹165.3m (down 36% from 2Q 2023). Profit margin: 4.3% (down from 6.4% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Consumer Durables industry in India. Announcement • Oct 28
Stove Kraft Limited to Report Q2, 2024 Results on Nov 07, 2023 Stove Kraft Limited announced that they will report Q2, 2024 results on Nov 07, 2023 Reported Earnings • Jul 30
First quarter 2024 earnings released: EPS: ₹2.48 (vs ₹2.46 in 1Q 2023) First quarter 2024 results: EPS: ₹2.48 (up from ₹2.46 in 1Q 2023). Revenue: ₹2.99b (up 8.8% from 1Q 2023). Net income: ₹82.0m (up 1.5% from 1Q 2023). Profit margin: 2.7% (down from 2.9% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Consumer Durables industry in India. Announcement • Jul 24
Stove Kraft Limited to Report Q1, 2024 Results on Jul 29, 2023 Stove Kraft Limited announced that they will report Q1, 2024 results on Jul 29, 2023 Recent Insider Transactions • Jun 21
Chief Business Analyst recently sold ₹1.3m worth of stock On the 16th of June, Hemant Kothari sold around 3k shares on-market at roughly ₹450 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹16m more than they bought in the last 12 months. Announcement • Jun 08
Stove Kraft Limited Announces Resignation of Balaji A S as Chief Financial Officer Stove Kraft Limited informed that Mr. Balaji A S, Chief Financial Officer of the Company has tendered his resignation from services of the Company due to personal reasons. Board Change • Jun 08
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Additional Non-Executive Independent Director Anup Sanmukh was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • May 30
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: ₹10.87 (down from ₹17.21 in FY 2022). Revenue: ₹12.8b (up 13% from FY 2022). Net income: ₹357.7m (down 36% from FY 2022). Profit margin: 2.8% (down from 4.9% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 22%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Consumer Durables industry in India. Valuation Update With 7 Day Price Move • May 03
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹446, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 34x in the Consumer Durables industry in India. Total loss to shareholders of 28% over the past year. Recent Insider Transactions • Mar 02
Head of Corporate Planning & Strategy recently sold ₹11m worth of stock On the 27th of February, Narayanan Venkitesh sold around 28k shares on-market at roughly ₹414 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹26m more than they bought in the last 12 months. Price Target Changed • Feb 07
Price target decreased by 29% to ₹640 Down from ₹900, the current price target is provided by 1 analyst. New target price is 42% above last closing price of ₹451. Stock is down 47% over the past year. The company is forecast to post earnings per share of ₹14.60 for next year compared to ₹17.21 last year. Reported Earnings • Feb 05
Third quarter 2023 earnings released: EPS: ₹2.37 (vs ₹3.40 in 3Q 2022) Third quarter 2023 results: EPS: ₹2.37 (down from ₹3.40 in 3Q 2022). Revenue: ₹3.25b (up 8.9% from 3Q 2022). Net income: ₹77.9m (down 30% from 3Q 2022). Profit margin: 2.4% (down from 3.7% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Consumer Durables industry in India. Announcement • Feb 03
Stove Kraft Limited Announces Executive Changes Stove Kraft Limited at its board meeting held on February 2, 2023, appointed Mr. Shrinivas P Harapanahalli as Company Secretary and Compliance Officer of the Company with effect from February 2, 2023. Mr. Shrinivas P Harapanahall has also been appointed as compliance officer under SEBI (Prohibition of Insider Trading) Regulations, 2015 in place Mr. Balaji A.S. Mr. Balaji A.S. continues to be Chief Financial Officer of the Company. Mr. Shrinivas P Harapanahalli, is a post graduate in Corporate Secretaryship from Karnataka University, Dharwad and is a member of Institute of Company Secretaries of India. He has around 15 years of experience in secretarial matters of listed company. Announcement • Jan 24
Stove Kraft Limited to Report Q3, 2023 Results on Feb 02, 2023 Stove Kraft Limited announced that they will report Q3, 2023 results on Feb 02, 2023 Recent Insider Transactions • Dec 30
Chief Operating Officer recently sold ₹3.0m worth of stock On the 27th of December, R. Kumar sold around 6k shares on-market at roughly ₹531 per share. This transaction amounted to 71% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was R.'s only on-market trade for the last 12 months. Announcement • Nov 17
Stove Kraft Limited Announces Appointment of Balaji A S as Compliance Officer Stove Kraft Limited announced that Mr. Balaji A S, Chief Financial Officer of the Company is appointed as Compliance officer under SEBI (Prohibition of Insider Trading) Regulations, 2015 and shall be responsible for compliance of policies, procedures, maintenance of records, monitoring adherence to the rules for the preservation of unpublished price sensitive information, monitoring of trades and the implementation of the codes specified in SEBI (Prohibition of Insider Trading) Regulations, 2015 under the overall supervision of the Board of Directors. Reported Earnings • Nov 09
Second quarter 2023 earnings released: EPS: ₹7.88 (vs ₹7.03 in 2Q 2022) Second quarter 2023 results: EPS: ₹7.88 (up from ₹7.03 in 2Q 2022). Net income: ₹259.0m (up 13% from 2Q 2022). Revenue is forecast to grow 51% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Consumer Durables industry in India. Announcement • Nov 01
Stove Kraft Limited to Report Q2, 2023 Results on Nov 08, 2022 Stove Kraft Limited announced that they will report Q2, 2023 results on Nov 08, 2022 Announcement • Sep 16
Stove Kraft Limited Announces Resignation of Elangovan S as Company Secretary and Compliance Officer Stove Kraft Limited announced that Mr. Elangovan S, Company Secretary and Compliance Officer of the Company has resigned effective September 15,2022 (Closing of business hours) for personal reasons. The Company is in the process of identifying a suitable candidate for filling the position o Company Secretary. Announcement • Aug 20
Stove Kraft Limited, Annual General Meeting, Sep 12, 2022 Stove Kraft Limited, Annual General Meeting, Sep 12, 2022, at 11:00 Indian Standard Time. Agenda: To consider and adopt the audited financial statements of the Company for the financial year ended March 31, 2022, together with the Reports of the Board of Directors and the Auditors thereon; to appoint a Director in place of Mrs. Neha Gandhi, Executive Director who retires by rotation and being eligible, offers herself for re-appointment; to consider the ratification of remuneration payable to Cost auditors; to consider the appointment of Mr. Anup Shah Sanmukh as a Non-Executive Independent Director for 5 years with effect from November 02, 2021 and to consider the approval of Charges for Service of Documents on the Shareholders. Reported Earnings • Aug 05
First quarter 2023 earnings released: EPS: ₹2.46 (vs ₹4.15 in 1Q 2022) First quarter 2023 results: EPS: ₹2.46 (down from ₹4.15 in 1Q 2022). Revenue: ₹2.74b (up 28% from 1Q 2022). Net income: ₹80.8m (down 40% from 1Q 2022). Profit margin: 3.0% (down from 6.3% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 16%, compared to a 22% growth forecast for the industry in India. Announcement • Aug 05
Stove Kraft Limited, Annual General Meeting, Sep 12, 2022 Stove Kraft Limited, Annual General Meeting, Sep 12, 2022. Announcement • Jul 28
Stove Kraft Limited to Report Q1, 2023 Results on Aug 04, 2022 Stove Kraft Limited announced that they will report Q1, 2023 results on Aug 04, 2022 Valuation Update With 7 Day Price Move • Jun 29
Investor sentiment improved over the past week After last week's 15% share price gain to ₹567, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 35x in the Consumer Durables industry in India. Total loss to shareholders of 23% over the past year. Recent Insider Transactions • Jun 11
Head of Corporate Planning & Strategy recently sold ₹3.1m worth of stock On the 6th of June, N. Venkitesh sold around 6k shares on-market at roughly ₹537 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought ₹459m more than they sold in the last 12 months. Reported Earnings • Jun 02
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: ₹17.21 (down from ₹26.70 in FY 2021). Revenue: ₹11.3b (up 32% from FY 2021). Net income: ₹562.2m (down 31% from FY 2021). Profit margin: 5.0% (down from 9.5% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Over the next year, revenue is forecast to grow 17%, compared to a 29% growth forecast for the industry in India. Price Target Changed • Jun 01
Price target decreased to ₹850 Down from ₹1,000, the current price target is provided by 1 analyst. New target price is 55% above last closing price of ₹548. Stock is down 8.0% over the past year. The company is forecast to post earnings per share of ₹15.30 for next year compared to ₹26.70 last year. 
