BSE: 517421 | NSE: BUTTERFLY | Consumer Durables - Domestic Appliances | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Butterfly Gandhimathi Appliances Ltd is a average quality company.
The key valuation ratios of Butterfly Gandhimathi Appliances Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Butterfly Gandhimathi Appliances Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 8.2% | 12.6% | -7.7% | 6.6% | 9.6% | 8% | 21.4% | 14.3% | 30.7% | 4.4% | - |
| Value Creation Index ⓘ | -0.4 | -0.1 | -1.6 | -0.5 | -0.3 | -0.4 | 0.5 | 0.0 | 1.2 | -0.7 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 529 | 901 | 405 | 541 | 652 | 679 | 870 | 960 | 1,057 | 931 | 844 |
| Sales YoY Gr. | - | 70.3% | -55.1% | 33.5% | 20.6% | 4.1% | 28.1% | 10.4% | 10.1% | -11.9% | - |
| Adj EPS ⓘ | 1.6 | 6.5 | -28.9 | 2.7 | 5.6 | 2.1 | 20.1 | 8.8 | 28.6 | 4 | -3.8 |
| YoY Gr. | - | 301.9% | -546.8% | NA | 106.3% | -61.9% | 846.7% | -56.1% | 224.3% | -86.2% | - |
| BVPS (₹) ⓘ | 125.8 | 131.2 | 97.5 | 100.3 | 105.5 | 107.3 | 124.8 | 131 | 159.3 | 163 | 171.3 |
| Adj Net Profit ⓘ | 2.9 | 11.6 | -51.7 | 4.8 | 10 | 3.8 | 35.9 | 15.8 | 51.1 | 7.1 | -7 |
| Cash Flow from Ops. ⓘ | 45.4 | 23.8 | 145 | -34.8 | 82.4 | 17.3 | 207 | -21.2 | 122 | 36.9 | - |
| Debt/CF from Ops. ⓘ | 4.2 | 8.6 | 1.1 | -6 | 1.9 | 9.8 | 0.1 | -2.5 | 0 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 6.5% | 7.4% | 2.3% | -11.9% | ||||
| Adj EPS ⓘ | 10.5% | -6.6% | -41.8% | -86.2% | ||||
| BVPSⓘ | 2.9% | 9.1% | 9.3% | 2.3% | ||||
| Share Price | 12% | 33.8% | -4.4% | -24.4% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 1.3 | 5 | -25.2 | 2.7 | 5.4 | 2 | 17.2 | 6.9 | 19.6 | 2.5 | -2.3 |
| Op. Profit Mgn % ⓘ | 7.5 | 6.7 | -4.9 | 6.4 | 7.1 | 6 | 9.2 | 6.1 | 9.2 | 3 | 1.7 |
| Net Profit Mgn % ⓘ | 0.5 | 1.3 | -12.8 | 0.9 | 1.5 | 0.6 | 4.1 | 1.6 | 4.8 | 0.8 | -0.8 |
| Debt to Equity ⓘ | 0.9 | 0.9 | 0.9 | 1.2 | 0.8 | 0.9 | 0.1 | 0.2 | 0 | 0 | 0 |
| Working Cap Days ⓘ | 267 | 143 | 250 | 163 | 156 | 160 | 127 | 121 | 111 | 116 | 81 |
| Cash Conv. Cycle ⓘ | 126 | 85 | 156 | 108 | 97 | 93 | 52 | 45 | 42 | 51 | 31 |
No data to display
Return on Equity is Poor
Sales growth has been subdued in last 3 years 2.31%
Sales growth is not so good in last 4 quarters at -12.13%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -3.8 | - |
| TTM Sales (₹ Cr.) | 844 | - |
| BVPS (₹.) ⓘ | 171.3 | - |
| Reserves (₹ Cr.) ⓘ | 288 | - |
| P/BV ⓘ | 4.74 | - |
| PE ⓘ | 0.00 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 685.00 / 1250.65 |
| All Time Low / High (₹) | 0.40 / 1862.55 |
| Market Cap (₹ Cr.) | 1,451 |
| Equity (₹ Cr.) | 17.9 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 67 |
| Pledged * | 8.76 | 9.40 | 9.40 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 529 | 901 | 405 | 541 | 652 | 679 | 870 | 960 | 1,057 | 931 |
| Operating Expenses ⓘ | 489 | 841 | 425 | 506 | 606 | 638 | 790 | 901 | 959 | 903 |
| Manufacturing Costs | 42 | 65 | 19 | 24 | 33 | 28 | 32 | 40 | 38 | 40 |
| Material Costs | 286 | 569 | 236 | 301 | 368 | 376 | 489 | 620 | 650 | 573 |
| Employee Cost | 58 | 59 | 50 | 57 | 70 | 79 | 77 | 99 | 101 | 116 |
| Other Costs ⓘ | 103 | 148 | 119 | 124 | 134 | 155 | 192 | 142 | 170 | 175 |
| Operating Profit ⓘ | 40 | 60 | -20 | 35 | 46 | 41 | 80 | 59 | 97 | 28 |
| Operating Profit Margin (%) | 7.5% | 6.6% | -4.9% | 6.4% | 7.0% | 6.0% | 9.2% | 6.1% | 9.2% | 3.0% |
| Other Income ⓘ | 4 | 5 | 2 | 2 | 2 | 1 | 2 | 2 | 7 | 5 |
| Interest ⓘ | 30 | 34 | 23 | 18 | 22 | 24 | 17 | 14 | 7 | 7 |
| Depreciation ⓘ | 10 | 12 | 12 | 12 | 13 | 14 | 16 | 15 | 16 | 18 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -7 | 0 | -2 |
| Profit Before Tax ⓘ | 4 | 19 | -53 | 6 | 12 | 4 | 48 | 25 | 80 | 6 |
| Tax ⓘ | 1 | 7 | -1 | 1 | 3 | 0 | 12 | 9 | 29 | -2 |
| Profit After Tax | 3 | 12 | -52 | 5 | 10 | 4 | 36 | 16 | 52 | 7 |
| PAT Margin (%) | 0.5% | 1.4% | -12.8% | 0.9% | 1.5% | 0.6% | 4.2% | 1.7% | 4.9% | 0.8% |
| Adjusted EPS (₹) | 1.6 | 6.9 | -29.0 | 2.7 | 5.4 | 2.2 | 20.2 | 9.0 | 28.9 | 4.1 |
| Dividend Payout Ratio (%) | 0% | 18% | 0% | 0% | 0% | 0% | 15% | 33% | 0% | 0% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 226 | 235 | 175 | 180 | 189 | 193 | 224 | 235 | 286 | 292 |
| Share Capital ⓘ | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 |
| Reserves ⓘ | 208 | 217 | 157 | 162 | 172 | 175 | 206 | 217 | 268 | 274 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 175 | 192 | 144 | 189 | 144 | 159 | 12 | 47 | 0 | 0 |
| Long Term Debt | 68 | 43 | 60 | 43 | 39 | 32 | 12 | 5 | 0 | 0 |
| Short Term Debt | 106 | 149 | 84 | 145 | 104 | 127 | 0 | 43 | 0 | 0 |
| Trade Payables | 118 | 105 | 60 | 56 | 99 | 87 | 164 | 138 | 125 | 123 |
| Others Liabilities ⓘ | 50 | 55 | 39 | 42 | 32 | 51 | 98 | 105 | 114 | 126 |
| Total Liabilities ⓘ | 569 | 587 | 418 | 467 | 465 | 490 | 497 | 525 | 525 | 541 |
Fixed Assets | ||||||||||
| Gross Block | 208 | 215 | 179 | 190 | 204 | 219 | 222 | 237 | 243 | 252 |
| Accumulated Depreciation | 37 | 45 | 11 | 24 | 36 | 50 | 58 | 73 | 81 | 95 |
| Net Fixed Assetsⓘ | 172 | 170 | 167 | 166 | 167 | 169 | 163 | 164 | 163 | 157 |
| CWIP ⓘ | 3 | 3 | 4 | 2 | 7 | 3 | 3 | 6 | 4 | 8 |
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 32 |
| Inventories | 169 | 124 | 109 | 125 | 142 | 170 | 178 | 210 | 125 | 133 |
| Trade Receivables | 193 | 257 | 88 | 131 | 117 | 117 | 74 | 93 | 124 | 132 |
| Cash Equivalents | 15 | 13 | 31 | 23 | 10 | 5 | 37 | 11 | 62 | 45 |
| Others Assetsⓘ | 17 | 20 | 18 | 21 | 22 | 26 | 41 | 41 | 47 | 34 |
| Total Assets ⓘ | 569 | 587 | 418 | 467 | 465 | 490 | 497 | 525 | 525 | 541 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 45 | 24 | 145 | -35 | 82 | 17 | 207 | -21 | 122 | 37 |
| PBT ⓘ | 4 | 19 | -53 | 6 | 12 | 4 | 48 | 25 | 80 | 6 |
| Adjustment ⓘ | 38 | 45 | 35 | 39 | 41 | 40 | 37 | 27 | 16 | 23 |
| Changes in Working Capital ⓘ | 4 | -37 | 163 | -79 | 32 | -24 | 127 | -65 | 43 | 18 |
| Tax Paid ⓘ | -1 | -4 | 0 | -1 | -3 | -3 | -6 | -9 | -19 | -10 |
| Cash Flow From Investing Activity ⓘ | -21 | -9 | -10 | -9 | -19 | -13 | -11 | -18 | -29 | -21 |
| Capex | -24 | -10 | -11 | -9 | -19 | -13 | -12 | -18 | -7 | -18 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -25 | -6 |
| Others ⓘ | 2 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 3 |
| Cash Flow From Financing Activityⓘ | -28 | -17 | -116 | 32 | -77 | -7 | -164 | 7 | -61 | -8 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 53 | -25 | 0 | 4 | -13 | -6 | -16 | -19 | -9 | 0 |
| Interest Paid ⓘ | -30 | -34 | -23 | -18 | -22 | -23 | -15 | -11 | -7 | -6 |
| Dividend Paid ⓘ | 0 | 0 | -3 | 0 | 0 | 0 | -5 | -5 | 0 | 0 |
| Others ⓘ | -51 | 43 | -90 | 46 | -41 | 23 | -127 | 43 | -45 | -1 |
| Net Cash Flow ⓘ | -5 | -2 | 18 | -12 | -13 | -2 | 32 | -32 | 31 | 8 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 1.27 | 5.39 | -25.32 | 2.72 | 5.2 | 2.09 | 17.42 | 7.05 | 19.91 | 2.56 |
| ROCE (%) | 8.21 | 12.55 | -7.69 | 6.64 | 9.55 | 8.02 | 21.41 | 14.3 | 30.67 | 4.35 |
| Asset Turnover Ratio | 0.95 | 1.72 | 0.9 | 1.24 | 1.4 | 1.42 | 1.76 | 1.88 | 2.01 | 1.75 |
| PAT to CFO Conversion(x) | 15 | 2 | N/A | -7 | 8.2 | 4.25 | 5.75 | -1.31 | 2.35 | 5.29 | Working Capital Days |
| Receivable Days | 149 | 83 | 140 | 73 | 69 | 63 | 40 | 32 | 37 | 50 |
| Inventory Days | 106 | 54 | 94 | 78 | 75 | 84 | 73 | 74 | 58 | 51 |
| Payable Days | 208 | 72 | 127 | 70 | 77 | 90 | 93 | 89 | 74 | 79 |
Gandhimathi Appliances, owners of the ‘Butterfly’ brand, is the leading manufacturer of home appliances in India. Its products include kitchen appliances that are at par with excellence in quality and durability. In 2011 Company has changed its name from Gandhimathi Appliances Ltd. to Butterfly Gandhimathi Appliances Ltd.
Gandhimathi Appliances is a pioneer in stainless steel appliances started operations four decades ago. The company was the first in India, to introduce stainless steel pressure cookers and vacuum flasks, and acquired the ISO 9002 certification, in the LPG and Mixie divisions. Over the years, under the enterprising leadership of V Murugesa Chettiar and his sons, the company has grown to be a household name among millions in India.
Today, it manufactures a comprehensive range of home appliances, kitchen products and cookware. Four state-of-the-art-manufacturing units, backed by the latest R&D facilities ensure total compliance to standards of excellence in design and quality.
The company has a state-of-the-art manufacturing facility. The company’s R&D facilities has the latest design and development tools, Spectrum Analyzer etc. to keep up its passion for progress at all levels. This passion would constantly give birth to new product ranges.
Quality and consistency are the prime motivating factors. Its in-house design facilities, tool & die-making facilities with an impetus on quality control, enables it to consistently produce products of the highest quality sticking to the finest functionality norms.
Its products are exported to the United Kingdom, Canada, Australia, Japan, Middle East and the East Asian Countries, among others.
In 2014 Butterfly Gandhimathi Appliances Limited acquired Domestic Kitchen & Domestic Electrical Appliances division from Associate Company LLM Appliances Limited
Across the globe, the products have been recognised for their quality standards by various international organisations. Product range of the company includes:
1. LPG Stoves
2. Mixer Grinder
Awards/ Achievements
It is an ISO 9002 certified company.
In 2011 Butterfly wins MSME National Award 2010
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