Greenchef Appliances Ltd - Stock Valuation and Financial Performance

BSE: 0 | NSE: GREENCHEF | Consumer Durables - Domestic Appliances | Small Cap

BSE Share Price
Not Listed

DeciZen - make an informed investing decision on Greenchef Appliances

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Undervalued

3. Price Trend

Greenchef Appliances stock performance -

mw4me loader
P/E Ratio (SA):
35.10
Market Cap:
169.5 Cr.
52-wk low:
0
52-wk high:
0

Is Greenchef Appliances Ltd an attractive stock to invest in?

1. Is Greenchef Appliances Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Greenchef Appliances Ltd is a below average quality company.

2. Is Greenchef Appliances Ltd undervalued or overvalued?

The key valuation ratios of Greenchef Appliances Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Greenchef Appliances Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Greenchef Appliances Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Greenchef Appliances:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Greenchef Appliances Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 7%8.8%5.9%16.1%6.4%-
Value Creation
Index
-0.5-0.4-0.60.2-0.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 238239336328331331
Sales YoY Gr.-0.6%40.5%-2.3%0.9%-
Adj EPS 0.51.7-0.25.522.1
YoY Gr.-224.5%-109.3%NA-63.6%-
BVPS (₹) 27.629.429.735.549.249.2
Adj Net
Profit
0.92.9-0.39.44.75
Cash Flow from Ops. -1-4.52.820.7-24-
Debt/CF from Ops. -38.4-11.523.73.2-5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANA11.5%0.9%
Adj EPS NANA5.2%-63.6%
BVPSNANA18.7%38.7%
Share Price - - - -32.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
1.96-0.616.95.34.2
Op. Profit
Mgn %
3.242.36.23.8NAN
Net Profit
Mgn %
0.41.2-0.12.91.41.5
Debt to
Equity
0.811.31.11.1-
Working Cap
Days
01681421641790
Cash Conv.
Cycle
010786881080

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 11.45%

Return on Equity has declined versus last 3 years average to 4.20%

Net Profit has been subdued in last 3 years 5.16%

Debt to equity has increased versus last 3 years average to 1.06

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - Greenchef Appliances Ltd.

Standalone Consolidated
TTM EPS (₹) 2.1 0.3
TTM Sales (₹ Cr.) 331 336
BVPS (₹.) 49.2 10
Reserves (₹ Cr.) 91 -
P/BV 1.48 7.29
PE 35.10 221.50
From the Market
52 Week Low / High (₹) 0.00 / 0.00
All Time Low / High (₹) - / -
Market Cap (₹ Cr.) 170
Equity (₹ Cr.) 23.3
Face Value (₹) 10
Industry PE 67.1

Management X-Ray of Greenchef Appliances:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Greenchef Appliances

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24
Sales237239336328331
Operating Expenses 230229328307318
Manufacturing Costs910221722
Material Costs156167223207204
Employee Cost 2318353636
Other Costs 4234494656
Operating Profit 81082012
Operating Profit Margin (%) 3.2%4.0%2.3%6.2%3.8%
Other Income 00131
Interest 54656
Depreciation 22332
Exceptional Items 00000
Profit Before Tax 241156
Tax 01041
Profit After Tax 131105
PAT Margin (%) 0.5%1.3%0.2%3.2%1.5%
Adjusted EPS (₹)0.71.80.36.12.1
Dividend Payout Ratio (%)0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 47505161115
Share Capital 4441723
Reserves 4447474491
Minority Interest00000
Debt39516464118
Long Term Debt2425322725
Short Term Debt1526333793
Trade Payables2827475337
Others Liabilities 810141620
Total Liabilities 122139176194290

Fixed Assets

Gross Block2526354452
Accumulated Depreciation6791214
Net Fixed Assets1919263138
CWIP 0031237
Investments 11100
Inventories3643677777
Trade Receivables5960655881
Cash Equivalents 012241
Others Assets715121416
Total Assets 122139176194290

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity -1-4321-24
PBT 241156
Adjustment 66897
Changes in Working Capital -9-13-62-36
Tax Paid 0-10-4-1
Cash Flow From Investing Activity -2-2-13-16-34
Capex -2-2-13-17-34
Net Investments 00010
Others 00000
Cash Flow From Financing Activity 3710-597
Net Proceeds from Shares 000049
Net Proceeds from Borrowing 817-4-2
Interest Paid -5-4-6-5-6
Dividend Paid 00000
Others 0119556
Net Cash Flow 010040
PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)2.396.281.0118.795.51
ROCE (%)7.028.815.8716.086.39
Asset Turnover Ratio1.941.832.141.771.37
PAT to CFO Conversion(x)-1-1.3332.1-4.8
Working Capital Days
Receivable Days9091686877
Inventory Days5560608085
Payable Days6661618881

Greenchef Appliances Ltd Stock News

Greenchef Appliances Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Greenchef Appliances on 01-Jan-1970 05:30 is ₹0.00.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 01-Jan-1970 05:30 the market cap of Greenchef Appliances stood at ₹169.5.
The latest P/E ratio of Greenchef Appliances as of 01-Jan-1970 05:30 is 35.10.
The latest P/B ratio of Greenchef Appliances as of 01-Jan-1970 05:30 is 1.48.
The 52-week high of Greenchef Appliances is ₹0.00 and the 52-week low is ₹0.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Greenchef Appliances is ₹330.6 ( Cr.) .

About Greenchef Appliances Ltd

The company was originally incorporated as ‘Greenchef Appliances Limited’ under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated June 18, 2010 bearing registration No. 054118 issued by Registrar of Companies, Karnataka.

The company is engaged in the business of manufacturing and marketing of wide range of kitchen appliances under the brand name of Greenchef. Its kitchen appliances include wide range of solutions comprising of Gas Stoves, Pressure Cookers, Mixer Grinders, Wet Grinders, Electric Rice Cooker, Induction Cooktops, Non-stick Cookwares like: Tawa, Fry Pan, Kadai, Biriyani Pot, Tadka Pan, Paniyarakkal, Appamchetty etc, Kettles, Hose Pipes, Gas Cylinder Trolley and Spin Mop. Further the company is also engaged in marketing of appliances like: Chimney, Stainless Steel Utensils, Blenders, Vegetable Chopper, Silicon Gasket, Water Bottles, Fans, Iron etc. It also trade in other appliances including (i) Chimney, (ii) HOB Gas Stoves, (iii) Iron (iv) Stainless steel utensils, (v) Blenders, (vi) Vegetable Chopper, (vii) Water Bottles, (viii) Silicon Gasket etc vide distributors and dealers across India. These products are also sold on online platforms like Flipkart India, Jiomart, Bigbasket and Amazon Seller Services. Its range of products are offered at different pricing points to meet diverse customer requirements. 

It manufactures the majority of core products like: railing pipe, mixing tube, brass burner, pan support etc required in Gas Stoves, weight valve and vent tube required in pressure cookers, mixi motor and jars required in Mixer Grinders etc. This enables it to control and monitor the quality and costs of these products. For certain product categories and sub-categories, it engages in sourcing from third party manufacturers both domestically and from outside India. For sourced products, it has a dedicated team to undertake inspection and ensure that such products are built to suit it specifications in terms of design and quality. It also provide after sales services in relation to its products. These services include repairs and maintenance of sold goods and installation Services. Its service charges vary from type of services (In warranty, out - of warranty), place of service (Home service, dealer location service) and on the nature or type of the product. The service charges depend on the type of product and services availed by the customers.

Business area of the company

The company is engaged in the business of manufacturing and marketing of wide range of kitchen appliances under the brand name of Greenchef. Further the company is also engaged in marketing of appliances like: Chimney, Stainless Steel Utensils, Blenders, Vegetable Chopper, Silicon Gasket, Water Bottles, Fans, Iron etc.

Products of the company 

  • Gas stoves
  • Pressure cooker
  • Mixer grinder
  • Wet grinder
  • Electric rice cooker 
  • Induction cooktop
  • Non-stick cookwares
  • Kettle
  • Hose pipe, gas cylinder trolley, spin mop

History and milestone

  • 2010: Incorporation of the company as ‘Greenchef Appliances Limited’ under the provisions of the Companies Act, 1956.
  • 2013: Commenced trading in kitchen appliances.
  • 2015: Commenced manufacturing of Kitchen Appliances at its Factory Unit 1 situated at Peenya Industrial Area.
  • 2018: Commenced manufacturing of Gas stoves at its Factory situated at Parwanoo, Himachal Pradesh.
  • 2019: Started Online marketing through e-commerce platforms.
  • 2017-18: Crossed Turnover of Rs 125 crore.
  • 2018-19: Crossed Turnover of Rs 250 crore.
  • 2019-20: Received Award for Fastest Growing Brands in FY 19-20 for category Home and Kitchen Appliances by United Research Services.
  • 2021: Received Award for Asia’s Most Trusted Brand in 2021 by International Brand Consulting Corporation, USA.
  • 2021: Commenced manufacturing of Kitchen Appliances at Factory Unit 2 and 3 situated at Dabaspet, Banagalore.
  • 2021: Initiated production of Kettles.
  • 2022: Initiated production of Electric Rice Cooker.
  • 2022: Received Award for India’s Best Brand of the year Awards 2022, Organized by Berkshire Media LLC, USA.
  • 2022: Received Award for recognition of excellence for the Best Home & Kitchen Appliances Manufacturer by Karnataka Business Awards 2022.
  • 2021-22: Crossed Turnover of Rs 300 crore.
  • 2022-23: Obtained 6 new design registrations for its various products like: Knob for Stove, Gas Stove and Mixer Grinder.

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