Butterfly Gandhimathi Appliances Ltd - Stock Valuation and Financial Performance

BSE: 517421 | NSE: BUTTERFLY | Consumer Durables - Domestic Appliances | Small Cap

ButterflyGandhimathi Share Price

764.05 -3.90 -0.51%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on ButterflyGandhimathi

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Butterfly Gandhimathi Appliances stock performance -

mw4me loader
P/E Ratio (SA):
47.58
Market Cap:
1,366.1 Cr.
52-wk low:
756.8
52-wk high:
1,300

Is Butterfly Gandhimathi Appliances Ltd an attractive stock to invest in?

1. Is Butterfly Gandhimathi Appliances Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Butterfly Gandhimathi Appliances Ltd is a average quality company.

2. Is Butterfly Gandhimathi Appliances Ltd undervalued or overvalued?

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

3. Is Butterfly Gandhimathi Appliances Ltd a good buy now?

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.

10 Year X-Ray of ButterflyGandhimathi:

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.
Butterfly Gandhimathi Appliances Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 11.6%5.7%8.3%-9.1%4.8%7%5.9%15.6%9.4%19.6%-
Value Creation
Index
-0.2-0.6-0.4-1.7-0.7-0.5-0.60.1-0.30.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 7645299014055416526798709601,057952
Sales YoY Gr.--30.8%70.3%-55.1%33.5%20.6%4.1%28.1%10.4%10.1%-
Adj EPS 12.61.66.5-28.92.75.62.120.18.828.616.1
YoY Gr.--87.2%301.9%-546.8%NA106.3%-61.9%846.7%-56.1%224.3%-
BVPS (₹) 124.7125.8131.297.5100.3105.5107.3124.8131159.3174.3
Adj Net
Profit
22.62.911.6-51.74.8103.835.915.851.129
Cash Flow from Ops. -76.845.423.8145-34.882.417.3207-21.2122-
Debt/CF from Ops. -2.44.28.61.1-61.99.80.1-2.50-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 3.7%14.3%15.9%10.1%
Adj EPS 9.5%60.3%138.1%224.3%
BVPS2.8%9.7%14.1%21.6%
Share Price 9.8% 31.4% 11.3% -37.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
10.61.35-25.22.75.4217.26.919.69.6
Op. Profit
Mgn %
7.27.56.7-4.96.47.169.26.19.25.8
Net Profit
Mgn %
30.51.3-12.80.91.50.64.11.64.83
Debt to
Equity
0.80.90.90.91.20.80.90.10.20-
Working Cap
Days
18626714325016315616012712111174
Cash Conv.
Cycle
6612685156108979352454227

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 15.90%

Net Profit is growing at healthy rate in last 3 years 138.05%

Return on Equity has declined versus last 3 years average to 9.60%

Sales growth is not so good in last 4 quarters at -8.93%

Latest Financials - Butterfly Gandhimathi Appliances Ltd.

Standalone Consolidated
TTM EPS (₹) 16.1 -
TTM Sales (₹ Cr.) 952 -
BVPS (₹.) 174.3 -
Reserves (₹ Cr.) 294 -
P/BV 4.38 -
PE 47.58 -
From the Market
52 Week Low / High (₹) 756.80 / 1300.00
All Time Low / High (₹) 0.40 / 1862.55
Market Cap (₹ Cr.) 1,366
Equity (₹ Cr.) 17.9
Face Value (₹) 10
Industry PE 53.9

Management X-Ray of ButterflyGandhimathi:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.0012.398.769.409.400.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of ButterflyGandhimathi

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales7645299014055416526798709601,057
Operating Expenses 709489841425506606638790901959
Manufacturing Costs60426519243328324038
Material Costs472286569236301368376489620650
Employee Cost 585859505770797799101
Other Costs 119103148119124134155192142170
Operating Profit 554060-20354641805997
Operating Profit Margin (%) 7.2%7.5%6.6%-4.9%6.4%7.0%6.0%9.2%6.1%9.2%
Other Income 7452221227
Interest 2230342318222417147
Depreciation 5101212121314161516
Exceptional Items 00000000-70
Profit Before Tax 34419-536124482580
Tax 1217-113012929
Profit After Tax 22312-525104361652
PAT Margin (%) 2.9%0.5%1.4%-12.8%0.9%1.5%0.6%4.2%1.7%4.9%
Adjusted EPS (₹)12.51.66.9-29.02.75.42.220.29.028.9
Dividend Payout Ratio (%)0%0%18%0%0%0%0%15%33%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 224226235175180189193224235286
Share Capital 18181818181818181818
Reserves 206208217157162172175206217268
Minority Interest0000000000
Debt17317519214418914415912470
Long Term Debt166843604339321250
Short Term Debt158106149841451041270430
Trade Payables20811810560569987164138125
Others Liabilities 4550553942325198105114
Total Liabilities 650569587418467465490497525525

Fixed Assets

Gross Block185208215179190204219222237243
Accumulated Depreciation26374511243650587381
Net Fixed Assets159172170167166167169163164163
CWIP 5334273364
Investments 0000000000
Inventories167169124109125142170178210125
Trade Receivables279193257881311171177493124
Cash Equivalents 2015133123105371162
Others Assets20172018212226414147
Total Assets 650569587418467465490497525525

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -774524145-358217207-21122
PBT 34419-536124482580
Adjustment 26384535394140372716
Changes in Working Capital -1274-37163-7932-24127-6543
Tax Paid -9-1-40-1-3-3-6-9-19
Cash Flow From Investing Activity -65-21-9-10-9-19-13-11-18-29
Capex -66-24-10-11-9-19-13-12-18-7
Net Investments 000000000-25
Others 1210000002
Cash Flow From Financing Activity 116-28-17-11632-77-7-1647-61
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 453-2504-13-6-16-19-9
Interest Paid -22-30-34-23-18-22-23-15-11-7
Dividend Paid 000-3000-5-50
Others 134-5143-9046-4123-12743-45
Net Cash Flow -26-5-218-12-13-232-3231
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)10.591.275.39-25.322.725.22.0917.427.0519.91
ROCE (%)17.38.2112.55-7.696.649.558.0221.4114.330.61
Asset Turnover Ratio1.410.951.720.91.241.41.421.761.882.01
PAT to CFO Conversion(x)-3.5152N/A-78.24.255.75-1.312.35
Working Capital Days
Receivable Days10314983140736963403237
Inventory Days711065494787584737458
Payable Days16620872127707790938974

Butterfly Gandhimathi Appliances Ltd Stock News

Butterfly Gandhimathi Appliances Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of ButterflyGandhimathi on 28-Mar-2024 16:01 is ₹764.0.
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 28-Mar-2024 16:01 the market cap of ButterflyGandhimathi stood at ₹1,366.1.
The latest P/E ratio of ButterflyGandhimathi as of 28-Mar-2024 16:01 is 47.58.
The latest P/B ratio of ButterflyGandhimathi as of 28-Mar-2024 16:01 is 4.38.
The 52-week high of ButterflyGandhimathi is ₹1,300 and the 52-week low is ₹756.8.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of ButterflyGandhimathi is ₹951.7 ( Cr.) .

About Butterfly Gandhimathi Appliances Ltd

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

  • Single Burner - (a) Salem Regular and (b) Ideal
  • Double Burner - (a) Salem Regular and (b) Friendly
  • Triple Burner - Friendly
  • Four Burner

2. Mixer Grinder

  • ACME / BHIMA / CORDIAL
  • Cordial Plus
  • Global
  • Wet and dry grinding blades
  • Grating/mincing blades
  • Whipping blades
  • Juicer blades

Awards/ Achievements

It is an ISO 9002 certified company.

In 2011 Butterfly wins MSME National Award 2010


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