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Stove Kraft Limited Mar-23 Quarter (Stove Kraft), Revenue slip by 14.3% to Rs.278 Crore and Profit turndowns by 177.0% to Rs.-6 Crore

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Manufacturer of cooking appliances, Stove Kraft, has announced a revenue of Rs.278 Crore, which has lessen by 14.3% as compared to previous quarter revenue of Rs.324.526 Crore.                                                          



On analysis, it is observed that EBITDA (Operating Profit) Margin has shrinks to 2.1% from 7.8% . The reason for the lessen of EBITDA Margin is due to,                                                           

 

a) Cost to Revenue % of Cost of Sales is nearly similar to 67.8% (Previous Quarter: 66.5%). Cost of Sales has downscale from Rs.216 Crore to 189 Crore.                                                    

 

b) Cost to Revenue % of Employee Cost has risen to 13.1% (Previous Quarter: 11.9%). Employee Cost has reduce from Rs.39 Crore to 37 Crore.                                                        

 

c) Cost to Revenue % of Other Expenses has balloons to 16.9% (Previous Quarter: 13.7%). Other Expenses has flies from Rs.44 Crore to 47 Crore.                                                

                                                           

The finance cost has increases sharply from Rs.4 Crore to 6 Crore by 54.1%.




                                               

On an annual basis, the company has clocked revenue of Rs. 1284 Crore. It has soars by 13.0% from previous financial year revenue of Rs. 1136 Crore.                                               

                                                           

Profit has decreases sharply to Rs.36 Crore from Rs.56 Crore, a year ago. Net Profit After Tax Margin has shrinks from 4.9% to 2.8%. Primary reason that profit has decreases sharply during the year is due:                                                           

 

a) Cost to Revenue % of Cost of Sales has nearly maintains to 67.3% (Previous Year: 68.1%). In Absolute, Cost of Sales has nearly remain flat from Rs.773 Crore to 863 Crore.                                                           

b) Cost to Revenue % of Employee Cost has soars to 11.1% (Previous Year: 9.9%). In Absolute, Employee Cost has grown from Rs.112 Crore to 143 Crore.                                                   

 

c) Cost to Revenue % of Other Expenses has rises to 13.9% (Previous Year: 13.7%). In Absolute, Other Expenses has upscales from Rs.156 Crore to 178 Crore.                                                  

                                                           

The finance cost during the year has skies from Rs.11 Crore to 17 Crore by 50.1%                                                        

Price to Earning (PE) ratio of the company is 40.24 as compared to the Industry PE of 36.97. PE is better placed which signifies that neither company is overvalue or undervalued. Companies Return on Equity (ROE) is 8.9% and Return of Capital Employed (ROCE) is 12.0%                                                          


Company has in the past four years reflected a Compounded Annual Growth Rate (CAGR) in Revenue of 10.6% and a CAGR in profit of the past four years of -18.6% .                                                 

                                                           

The Brief of Quarterly Results is as follows: 




                                                       

Disclaimer : The information and analysis of financial results or financial statements are purely informative in nature and shall not be consider as any form of investment or any other sort of advice to buy / sell / hold any stock , units or any other financial instruments or advice to make any other form of decision whatsoever.

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