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Stove Kraft Ltd. (IN:STOVEKRAFT)
:STOVEKRAFT
India Market
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Stove Kraft Ltd. (STOVEKRAFT) AI Stock Analysis

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IN:STOVEKRAFT

Stove Kraft Ltd.

(STOVEKRAFT)

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Neutral 61 (OpenAI - Gpt-5.6Sol)
Rating:61Neutral
Price Target:
₹874.00
▲(13.19% 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 Growth
Consistent 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 Compression
The 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.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent Revenue Growth
Consistent 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.
Read all positive factors

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

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 e...
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 ...

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
54
Neutral
Balance Sheet
63
Positive
Cash Flow
72
Positive
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue17.48B16.07B14.50B13.64B12.84B11.30B
Gross Profit4.65B3.56B5.52B2.88B4.20B3.35B
EBITDA1.79B1.67B1.51B1.18B970.92M939.87M
Net Income486.14M419.91M385.05M341.35M357.70M562.15M
Balance Sheet
Total Assets0.0011.74B12.04B10.97B8.97B7.28B
Cash, Cash Equivalents and Short-Term Investments304.49M304.49M95.05M71.30M25.26M4.05M
Total Debt0.001.17B3.71B3.18B1.63B1.55B
Total Liabilities-5.04B6.70B7.33B6.58B4.94B3.64B
Stockholders Equity5.04B5.04B4.71B4.39B4.03B3.64B
Cash Flow
Free Cash Flow359.57M1.22B478.50M-10.86M-222.41M-1.17B
Operating Cash Flow1.07B2.33B1.30B1.13B763.05M-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-193.48M298.10M916.20M

Stove Kraft Ltd. Technical Analysis

Technical Analysis Sentiment
Positive
Last Price772.15
Price Trends
50DMA
818.76
Positive
100DMA
784.73
Positive
200DMA
655.86
Positive
Market Momentum
MACD
5.62
Negative
RSI
50.23
Neutral
STOCH
57.92
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:STOVEKRAFT, the sentiment is Positive. The current price of 772.15 is below the 20-day moving average (MA) of 822.93, below the 50-day MA of 818.76, and above the 200-day MA of 655.86, indicating a bullish trend. The MACD of 5.62 indicates Negative momentum. The RSI at 50.23 is Neutral, neither overbought nor oversold. The STOCH value of 57.92 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:STOVEKRAFT.

Stove Kraft Ltd. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (55)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
71
Outperform
₹74.11B23.41―0.46%7.24%-4.99%
66
Neutral
₹10.02B19.57―0.44%11.34%25.77%
62
Neutral
₹34.25B48.87―0.48%9.14%-15.01%
62
Neutral
₹70.04B36.22―1.47%16.15%98.63%
61
Neutral
₹26.27B54.00―0.44%18.46%19.17%
56
Neutral
₹27.39B25.62―0.31%13.99%50.86%
55
Neutral
$6.65B3.83-15.92%6.20%10.91%7.18%
* General Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
IN:STOVEKRAFT
Stove Kraft Ltd.
793.40
11.37
1.45%
IN:BOROLTD
Borosil Ltd
286.40
-56.25
-16.42%
IN:BUTTERFLY
Butterfly Gandhimathi Appliances Limited
560.15
-198.55
-26.17%
IN:CARYSIL
Carysil Limited
963.10
29.62
3.17%
IN:CELLO
Cello World Limited
328.60
-322.87
-49.56%
IN:TTKPRESTIG
TTK Prestige Limited
511.40
-151.09
-22.81%

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. ...
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