BSE: 0 | NSE: GREENCHEF | Consumer Durables - Domestic Appliances | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Greenchef Appliances Ltd is a below average quality company.
The key valuation ratios of Greenchef Appliances Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
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.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|
| ROCE % ⓘ | 7% | 8.8% | 5.9% | 16.1% | 6.4% | - |
| Value Creation Index ⓘ | -0.5 | -0.4 | -0.6 | 0.2 | -0.5 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | ||||||
| Sales ⓘ | 238 | 239 | 336 | 328 | 331 | 331 |
| Sales YoY Gr. | - | 0.6% | 40.5% | -2.3% | 0.9% | - |
| Adj EPS ⓘ | 0.5 | 1.7 | -0.2 | 5.5 | 2 | 2.1 |
| YoY Gr. | - | 224.5% | -109.3% | NA | -63.6% | - |
| BVPS (₹) ⓘ | 27.6 | 29.4 | 29.7 | 35.5 | 49.2 | 49.2 |
| Adj Net Profit ⓘ | 0.9 | 2.9 | -0.3 | 9.4 | 4.7 | 5 |
| Cash Flow from Ops. ⓘ | -1 | -4.5 | 2.8 | 20.7 | -24 | - |
| Debt/CF from Ops. ⓘ | -38.4 | -11.5 | 23.7 | 3.2 | -5 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 11.5% | 0.9% | ||||
| Adj EPS ⓘ | NA | NA | 5.2% | -63.6% | ||||
| BVPSⓘ | NA | NA | 18.7% | 38.7% | ||||
| Share Price | - | - | - | -28.7% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 1.9 | 6 | -0.6 | 16.9 | 5.3 | 4.2 |
| Op. Profit Mgn % ⓘ | 3.2 | 4 | 2.3 | 6.2 | 3.8 | NAN |
| Net Profit Mgn % ⓘ | 0.4 | 1.2 | -0.1 | 2.9 | 1.4 | 1.5 |
| Debt to Equity ⓘ | 0.8 | 1 | 1.3 | 1.1 | 1.1 | - |
| Working Cap Days ⓘ | 0 | 168 | 142 | 164 | 179 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 107 | 86 | 88 | 108 | 0 |
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%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 2.1 | 0.3 |
| TTM Sales (₹ Cr.) | 331 | 336 |
| BVPS (₹.) ⓘ | 49.2 | 10 |
| Reserves (₹ Cr.) ⓘ | 91 | - |
| P/BV ⓘ | 1.50 | 7.39 |
| PE ⓘ | 35.61 | 224.69 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 172 |
| Equity (₹ Cr.) | 23.3 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 67 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|
| Sales | 237 | 239 | 336 | 328 | 331 |
| Operating Expenses ⓘ | 230 | 229 | 328 | 307 | 318 |
| Manufacturing Costs | 9 | 10 | 22 | 17 | 22 |
| Material Costs | 156 | 167 | 223 | 207 | 204 |
| Employee Cost | 23 | 18 | 35 | 36 | 36 |
| Other Costs ⓘ | 42 | 34 | 49 | 46 | 56 |
| Operating Profit ⓘ | 8 | 10 | 8 | 20 | 12 |
| Operating Profit Margin (%) | 3.2% | 4.0% | 2.3% | 6.2% | 3.8% |
| Other Income ⓘ | 0 | 0 | 1 | 3 | 1 |
| Interest ⓘ | 5 | 4 | 6 | 5 | 6 |
| Depreciation ⓘ | 2 | 2 | 3 | 3 | 2 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 2 | 4 | 1 | 15 | 6 |
| Tax ⓘ | 0 | 1 | 0 | 4 | 1 |
| Profit After Tax | 1 | 3 | 1 | 10 | 5 |
| PAT Margin (%) | 0.5% | 1.3% | 0.2% | 3.2% | 1.5% |
| Adjusted EPS (₹) | 0.7 | 1.8 | 0.3 | 6.1 | 2.1 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 47 | 50 | 51 | 61 | 115 | |||||
| Share Capital ⓘ | 4 | 4 | 4 | 17 | 23 | |||||
| Reserves ⓘ | 44 | 47 | 47 | 44 | 91 | |||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | |||||
| Debt | 39 | 51 | 64 | 64 | 118 | |||||
| Long Term Debt | 24 | 25 | 32 | 27 | 25 | |||||
| Short Term Debt | 15 | 26 | 33 | 37 | 93 | |||||
| Trade Payables | 28 | 27 | 47 | 53 | 37 | |||||
| Others Liabilities ⓘ | 8 | 10 | 14 | 16 | 20 | |||||
| Total Liabilities ⓘ | 122 | 139 | 176 | 194 | 290 | |||||
Fixed Assets | ||||||||||
| Gross Block | 25 | 26 | 35 | 44 | 52 | |||||
| Accumulated Depreciation | 6 | 7 | 9 | 12 | 14 | |||||
| Net Fixed Assetsⓘ | 19 | 19 | 26 | 31 | 38 | |||||
| CWIP ⓘ | 0 | 0 | 3 | 12 | 37 | |||||
| Investmentsⓘ | 1 | 1 | 1 | 0 | 0 | |||||
| Inventories | 36 | 43 | 67 | 77 | 77 | |||||
| Trade Receivables | 59 | 60 | 65 | 58 | 81 | |||||
| Cash Equivalents | 0 | 1 | 2 | 2 | 41 | |||||
| Others Assetsⓘ | 7 | 15 | 12 | 14 | 16 | |||||
| Total Assets ⓘ | 122 | 139 | 176 | 194 | 290 | |||||
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -1 | -4 | 3 | 21 | -24 |
| PBT ⓘ | 2 | 4 | 1 | 15 | 6 |
| Adjustment ⓘ | 6 | 6 | 8 | 9 | 7 |
| Changes in Working Capital ⓘ | -9 | -13 | -6 | 2 | -36 |
| Tax Paid ⓘ | 0 | -1 | 0 | -4 | -1 |
| Cash Flow From Investing Activity ⓘ | -2 | -2 | -13 | -16 | -34 |
| Capex | -2 | -2 | -13 | -17 | -34 |
| Net Investments | 0 | 0 | 0 | 1 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | 3 | 7 | 10 | -5 | 97 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 49 |
| Net Proceeds from Borrowing ⓘ | 8 | 1 | 7 | -4 | -2 |
| Interest Paid ⓘ | -5 | -4 | -6 | -5 | -6 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 11 | 9 | 5 | 56 |
| Net Cash Flow ⓘ | 0 | 1 | 0 | 0 | 40 |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 2.39 | 6.28 | 1.01 | 18.79 | 5.51 | |||||
| ROCE (%) | 7.02 | 8.81 | 5.87 | 16.08 | 6.39 | |||||
| Asset Turnover Ratio | 1.94 | 1.83 | 2.14 | 1.77 | 1.37 | |||||
| PAT to CFO Conversion(x) | -1 | -1.33 | 3 | 2.1 | -4.8 | Working Capital Days | ||||
| Receivable Days | 90 | 91 | 68 | 68 | 77 | |||||
| Inventory Days | 55 | 60 | 60 | 80 | 85 | |||||
| Payable Days | 66 | 61 | 61 | 88 | 81 | |||||
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
History and milestone
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
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