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Greenchef Appliances Ltd (GREENCHEF)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: GREENCHEF Consumer Durables - Domestic Appliances | Small Cap | Greenchef Appliances Share Price

BSE Share Price
Not Listed

Greenchef Appliances Ltd (GREENCHEF)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: GREENCHEF Consumer Durables - Domestic Appliances | Small Cap | Greenchef Appliances Share Price

BSE Share Price
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹116 Cr.
Current Price
₹0
52-Week Low / High
₹0 / 0
TTM EPS
₹-3.8
TTM Sales
₹387 Cr.
Book Value per Share
₹51.8
P/E Ratio
0.00
Lower than its 5-year historical median
Industry PE
52.3
Price to Book (P/B)
0.97
Lower than its 5-year historical median
Price to Sales (P/S)
0.30
Lower than its 5-year historical median
EV/EBITDA
254.56
Higher than its 5-year historical median
Dividend Yield
NAN%
Profitability Efficiency
Return on Equity (ROE)
5.06%
Underperforms industry median
Return on Capital Employed (ROCE)
6.13%
Underperforms industry median
Return on Assets (ROA)
2.00%
Operating Profit Margin
3.9%
Net Profit Margin
1.6%
Gross Profit Margin
2.9%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
12.68%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
17.57%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
23.19%
Asset Quality
Promoter Holding
73.52%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹97 Cr.
Equity
₹23.3 Cr.
Face Value
₹10
All Time Low / High
- / -

Greenchef Appliances stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Greenchef Appliances Ltd a good quality company?
Greenchef Appliances Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Greenchef Appliances Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Greenchef Appliances Ltd vs industry peers?
Greenchef Appliances Ltd revenue CAGR is 9.42%, compared to the industry median CAGR of 10.02%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Greenchef Appliances Ltd?
Promoters hold 73.52% of the Greenchef Appliances Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Greenchef Appliances Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of -21.13% based on the current price.

10 Year X-Ray : Login to view analysis.

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

Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 7%8.8%5.9%16.1%6.4%6.1%-
Value Creation
Index
-0.5-0.4-0.60.2-0.5-0.6-

Growth Parameters

Sales 238239336328331373387
Sales YoY Gr.-0.6%40.5%-2.3%0.9%12.7%-
Adj EPS 0.51.7-0.25.522.5-3.8
YoY Gr.-224.5%-109.3%NA-63.6%23%-
BVPS (₹) 27.629.429.735.549.251.851.8
Adj Net
Profit
0.92.9-0.39.44.75.7-9
Cash Flow from Ops. -1-4.52.820.7-2433.8-
Debt/CF from Ops. -38.4-11.523.73.2-52.5-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NA9.4%3.5%12.7%
Adj EPS NA35.9%NA23%
BVPSNA13.4%20.3%5.2%
Share Price - - - -19.1%

Key Financial Parameters

Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
1.96-0.616.95.34.9-7.3
Op. Profit
Mgn %
3.242.36.23.83.9NAN
Net Profit
Mgn %
0.41.2-0.12.91.41.5-2.3
Debt to
Equity
0.811.31.11.10.7-
Working Cap
Days
01681421641791830
Cash Conv.
Cycle
010786881081030

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales237239336328331373
Operating Expenses + 230229328307318358
Manufacturing Costs91022172227
Material Costs156167223207204222
Employee Cost 231835363641
Other Costs 423449465668
Operating Profit 8108201215
Operating Profit Margin (%) 3.2%4.0%2.3%6.2%3.8%3.9%
Other Income + 001311
Exceptional Items 000000
Interest 546565
Depreciation 223322
Profit Before Tax 2411568
Tax 010412
Profit After Tax 1311056
PAT Margin (%) 0.5%1.3%0.2%3.2%1.5%1.6%
Adjusted EPS (₹)0.71.80.36.12.12.6
Dividend Payout Ratio (%)0%0%0%0%0%0%

Valuation of Greenchef Appliances - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 47505161115120
Share Capital 444172323
Reserves 444747449197
Debt +3951646411881
Long Term Debt242532272522
Short Term Debt152633379359
Minority Interest000000
Trade Payables282747533788
Others Liabilities 81014162016
Total Liabilities 122139176194290306

Fixed Assets

Net Fixed Assets +191926313846
Gross Block252635445263
Accumulated Depreciation679121417
CWIP 003123756
Investments 111000
Inventories364367777788
Trade Receivables5960655881101
Cash Equivalents 0122413
Others Assets 71512141612
Total Assets 122139176194290306

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -1-4321-2434
PBT 2411568
Adjustment 668978
Changes in Working Capital -9-13-62-3620
Tax Paid -0-1-0-4-1-2
Cash Flow From Investing Activity + -2-2-13-16-34-30
Capex -2-2-13-17-34-30
Net Investments 000100
Others 000000
Cash Flow From Financing Activity + 3710-597-42
Net Proceeds from Shares 0000490
Net Proceeds from Borrowing 817-4-2-3
Interest Paid -5-4-6-5-6-5
Dividend Paid 000000
Others -0119556-33
Net Cash Flow -010-040-38

Financial Ratio

PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)2.396.281.0118.795.525.06
ROCE (%)7.028.815.8716.086.396.13
Asset Turnover Ratio1.941.832.141.771.371.25
PAT to CFO Conversion(x)-1-1.3332.1-4.85.67
Working Capital Days
Receivable Days90.5090.7067.7068.5077.2089.10
Inventory Days55.5060.3059.7080.508580.70
Payable Days65.6060.7060.9088.2081.30103.30

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Greenchef Appliances Ltd FAQs

The current trading 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 31-Dec-1969 the market cap of Greenchef Appliances stood at ₹116.5 Cr

The latest P/E ratio of Greenchef Appliances as of 31-Dec-1969 is 0.00.

The latest P/B ratio of Greenchef Appliances as of 31-Dec-1969 is 0.97.

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 ₹387 ( Cr.) .

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 Semi Strong which suggest that the price of Greenchef Appliances Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

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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