Stove Kraft Ltd. (STOVEKRAFT) AI Stock Analysis

Stove Kraft Ltd.

(NSE:STOVEKRAFT)

Select Model

Rating:61Neutral

Price Target:INR 874.00▲(10.16% Upside)

Action:reiterated

Date:09/23/26

The score is driven primarily by improving financial performance (notably stronger 2026 cash generation and meaningful debt reduction) and a supportive uptrend in the technical picture. These positives are materially offset by expensive valuation (high P/E and low dividend yield) and the lingering risk of compressed margins and historically volatile cash conversion.

Positive Factors

Consistent Revenue GrowthConsistent revenue growth across several years indicates sustained demand for the company’s cookware and small appliances. Continued top-line expansion can support greater operating scale, broader distribution, and reinvestment in products and channels over the next several quarters.

Negative Factors

Profit Margin CompressionThe sustained decline in net margins shows that revenue growth has not translated into comparable profitability. Persistently lower earnings conversion could limit retained cash, reduce returns on expansion, and make future results more sensitive to product mix and operating-cost pressures.

Stove Kraft Ltd. (STOVEKRAFT) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 26.26B
Dividend Yield: 0.44%
Average Volume (3M): 8,710
Price to Earnings (P/E): 54.0
Beta (1Y): 1.00
Revenue Growth: 18.46%
EPS Growth: 19.17%
Country: India
Employees: 5,543
Sector: General
Sector Strength: 55
Industry: Furnishings, Fixtures & Appliances

Stove Kraft Ltd. Business Overview & Revenue Model

Company Description

Headquartered in Bengaluru, India, and established in 1994, Stove Kraft Limited specializes in the manufacturing and distribution of a diverse array of kitchen and home appliances, predominantly under its prominent Pigeon and Gilma brands. Their exte...

How the Company Makes Money

Stove Kraft primarily makes money by selling home and kitchen products through two broad routes: (1) branded product sales and (2) manufacturing for other brands. A key revenue stream is the sale of cookware and small kitchen appliances under the com...

Stove Kraft Ltd. Financial Statement Overview

Summary

Financials are improving most recently, led by a strong 2026 cash-flow inflection (operating cash flow ~2.33B and free cash flow ~1.22B) and sharp deleveraging (debt down to ~1.17B in 2026 with higher equity). The key offset is meaningful profitability compression versus 2021 (net margin down to ~2.5–2.8% in 2023–2025), plus historically volatile cash flow (negative free cash flow in 2022–2024).

Income Statement

54Neutral

Balance Sheet

63Positive

Cash Flow

72Positive

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	17.48B	16.07B	14.50B	13.64B	12.84B	11.30B
Gross Profit	4.65B	3.56B	5.52B	2.88B	4.20B	3.35B
EBITDA	1.79B	1.67B	1.51B	1.18B	970.92M	939.87M
Net Income	486.14M	419.91M	385.05M	341.35M	357.70M	562.15M
Balance Sheet
Total Assets	0	11.74B	12.04B	10.97B	8.97B	7.28B
Cash, Cash Equivalents and Short-Term Investments	304.49M	304.49M	95.05M	71.30M	25.26M	4.05M
Total Debt	0	1.17B	3.71B	3.18B	1.63B	1.55B
Total Liabilities	-5.04B	6.70B	7.33B	6.58B	4.94B	3.64B
Stockholders Equity	5.04B	5.04B	4.71B	4.39B	4.03B	3.64B
Cash Flow
Free Cash Flow	359.57M	1.22B	478.50M	-10.86M	-222.41M	-1.17B
Operating Cash Flow	1.07B	2.33B	1.30B	1.13B	763.05M	-53.49M
Investing Cash Flow	-702.97M	-1.10B	-794.49M	-886.32M	-1.04B	-1.15B
Financing Cash Flow	-369.29M	-1.04B	-548.25M	-193.48M	298.10M	916.20M

Stove Kraft Ltd. Technical Analysis

Technical Analysis SentimentNegative

Last Price793.40

Price Trends

50DMA819.20Negative

100DMA786.43Positive

200DMA656.96Positive

Market Momentum

MACD2.25Positive

RSI43.21Neutral

STOCH40.90Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:STOVEKRAFT, the sentiment is Negative. The current price of 793.40 is below the 20-day moving average (MA) of 822.85, below the 50-day MA of 819.20, and above the 200-day MA of 656.96, indicating a neutral trend. The MACD of 2.25 indicates Positive momentum. The RSI at 43.21 is Neutral, neither overbought nor oversold. The STOCH value of 40.90 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:STOVEKRAFT.

Stove Kraft Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:STOVEKRAFT against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:CELLO	71Outperform	INR 74.11B	23.41	―	0.46%	7.24%	-4.99%
IN:CARYSIL	66Neutral	INR 27.39B	25.61	―	0.31%	13.99%	50.86%
IN:BUTTERFLY	62Neutral	INR 10.02B	19.57	―	―	11.34%	25.77%
IN:TTKPRESTIG	62Neutral	INR 70.04B	36.22	―	1.47%	16.15%	98.63%
IN:STOVEKRAFT	61Neutral	INR 26.27B	53.99	―	0.44%	18.46%	19.17%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:BOROLTD	53Neutral	INR 34.25B	48.87	―	―	9.14%	-15.01%

* General Sector Average

Performance Comparison

IN:STOVEKRAFT and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:STOVEKRAFT	Stove Kraft Ltd.	793.40	71.07	9.84%
IN:BOROLTD	Borosil Ltd	286.40	-68.50	-19.30%
IN:BUTTERFLY	Butterfly Gandhimathi Appliances Limited	560.15	-192.65	-25.59%
IN:CARYSIL	Carysil Limited	963.10	-21.75	-2.21%
IN:CELLO	Cello World Limited	328.60	-315.50	-48.98%
IN:TTKPRESTIG	TTK Prestige Limited	511.40	-161.33	-23.98%

Stove Kraft Ltd. Corporate Events

Stove Kraft Backs China Subsidiary With Rs 30 Crore SBLC, Revamps Audit Panel

Oct 1, 2026

Stove Kraft Limited’s board has approved the issuance of a standby letter of credit of up to Rs 30 crore in favour of an overseas bank in China to support credit facilities for its wholly owned subsidiary, Guangzhou Jiawo Import & Export Co...

Stove Kraft Publishes Q1 FY27 Unaudited Results in Newspapers

Aug 4, 2026

Stove Kraft Ltd., the listed kitchen appliances and consumer durables maker, has notified the stock exchanges that it has published its standalone unaudited financial results for the quarter ended 30 June 2026 in regional and national newspapers. The...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Sep 23, 2026

Stove Kraft Ltd. AI Stock Analysis