Time period given by analyst is one year when Stove Kraft Ltd. price can reach defined target.
Stove Kraft Ltd., incorporated in the year 1999, is a Small Cap company (having a market cap of Rs 3324.98 Crore) operating in Consumer Durables sector.
Stove Kraft Ltd. key Products/Revenue Segments include Appliances (Traded), Duty Drawback and Scrap for the year ending 31-Mar-2021.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 236.24 Crore, down -19.85 % from last quarter Total Income of Rs 294.76 Crore and up 53.24 % from last year same quarter Total Income of Rs 154.17 Crore. Company reported net profit after tax of Rs 19.21 Crore in latest quarter.
Investment Rationale
Stove Kraft Ltd (SKL) is up 10%. SKL engaged in the business of manufacturing & selling Kitchen & Home appliances products like pressure cookers, LPG stoves, non-stick cookware etc. under the brand name of ‘Pigeon’ and ‘Gilma’. During the1QFY22, SKL has shown healthy revenue growth of ~138% and Profit growth of ~735%. Over the 2-3, the company has outperformed its peers in terms of sales growth in the Cookers & Cookware segment. Going forward, the brokerage expects SKL to report healthy top-line & bottom-line growth on the back of gaining market share, increase in penetration of cooking gas, new product launches, strong brand name & wide distribution network and healthy demand for kitchen product post Covid-19.
Promoter/FII Holdings
Promoters held 54 per cent stake in the company as of June 30, 2021, while FIIs held 8 per cent, DIIs 8 per cent and public and others 30 per cent.
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