Butterfly Gandhimathi Appliances Ltd, incorporated in the year 1986, is a small cap company with a market cap of Rs 1014.58 crore, operating in consumer durables sector.
Butterfly Gandhimathi Appliances Ltd’s key products/revenue segments include domestic appliances and scrap for the year ending 31-Mar-2019.
Investment rationale
The brokerage believes strong presence of the company in all segments of domestic appliances industry including LPG stoves, mixer grinders, cookers and table top wet grinders, planned new launches and expanded network of dealers will help the company to consolidate its recent gains further and grow ahead of the industry in the coming years.
Financials
For the quarter ended 31-12-2020, the company has reported a standalone total income of Rs 298.25 crore, up 3.14 % from last quarter’s total income of Rs 289.16 crore and up 70.55 % from last year same quarter’s total income of Rs 174.87 crore. Company has reported net profit after tax of Rs 18.72 crore in latest quarter.
Promoter/FII Holdings
Promoters held 64.78 per cent stake in the company as of Dec 31, 2020, while FIIs held 0.04 per cent, DIIs 9.19 per cent and public and others 25.99 per cent.
