Is Greenchef Appliances Ltd (GREENCHEF) 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 .

Is Greenchef Appliances Ltd (GREENCHEF) 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 Undervalued zone .

What is Greenchef Appliances Ltd (GREENCHEF) share price return in the past 10 years?

Data is not available for this company

Is Greenchef Appliances Ltd (GREENCHEF) a good buy now?

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.

What is the share price of Greenchef Appliances Ltd (GREENCHEF)?

Company share prices are keep on changing according to the market conditions. The current trading price of Greenchef Appliances Ltd (GREENCHEF) on 01-Jan-1970 05:30:00 at 05:30 is .

What is the market cap of Greenchef Appliances Ltd (GREENCHEF)?

Market capitalization 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 at 05:30, the market cap of Greenchef Appliances stood at Rs. 116.36 Cr.

What is the P/E ratio of Greenchef Appliances?

The latest standalone P/E ratio of Greenchef Appliances as of 01-Jan-1970 is 19.56.

What is the P/B ratio of Greenchef Appliances Ltd (GREENCHEF)?

The latest standalone P/B ratio of Greenchef Appliances Ltd (GREENCHEF) as of 01-Jan-1970 is 0.97.

What is the 52-week high and low of Greenchef Appliances Ltd (GREENCHEF)?

The 52-week high of Greenchef Appliances Ltd (GREENCHEF) is Rs. 0.00 and the 52-week low is Rs. 0.00.

What is the TTM revenue of Greenchef Appliances Ltd (GREENCHEF)?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Greenchef Appliances is Rs. 372.56 (Cr.).

Greenchef Appliances Ltd (GREENCHEF) Share Analysis – Brand Strength, Quality & Valuation Zone & DeciZen Rating

Name: Greenchef Appliances Ltd (GREENCHEF)
Brand: Greenchef Appliances

10 Year X-Ray :

Analysis of Financial Track Record

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	7%	8.8%	5.9%	16.1%	6.4%	6.1%	-
Value Creation Index ⓘ	-0.5	-0.4	-0.6	0.2	-0.5	-0.6	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	238	239	336	328	331	373	373
Sales YoY Gr.	-	0.6%	40.5%	-2.3%	0.9%	12.7%	-
Adj EPS ⓘ	0.5	1.7	-0.2	5.5	2	2.5	2.6
YoY Gr.	-	224.5%	-109.3%	NA	-63.6%	23%	-
BVPS (₹) ⓘ	27.6	29.4	29.7	35.5	49.2	51.8	51.8
Adj Net Profit ⓘ	0.9	2.9	-0.3	9.4	4.7	5.7	6
Cash Flow from Ops. ⓘ	-1	-4.5	2.8	20.7	-24	33.8	-
Debt/CF from Ops. ⓘ	-38.4	-11.5	23.7	3.2	-5	2.5	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	NA	9.4%	3.5%	12.7%
Adj EPS ⓘ	NA	35.9%	NA	23%
BVPSⓘ	NA	13.4%	20.3%	5.2%
Share Price	-	-	-	-23.1%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	1.9	6	-0.6	16.9	5.3	4.9	4.9
Op. Profit Mgn % ⓘ	3.2	4	2.3	6.2	3.8	3.9	NAN
Net Profit Mgn % ⓘ	0.4	1.2	-0.1	2.9	1.4	1.5	1.6
Debt to Equity ⓘ	0.8	1	1.3	1.1	1.1	0.7	-
Working Cap Days ⓘ	0	168	142	164	179	183	0
Cash Conv. Cycle ⓘ	0	107	86	88	108	103	0

Recent Performance Summary

Debt to equity has declined versus last 3 years average to 0.71

Return on Equity has declined versus last 3 years average to 4.90%

Sales growth has been subdued in last 3 years 3.54%

Net Profit has been subdued in last 3 years 0.00%

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

	Standalone	Consolidated
TTM EPS (₹)	2.6	0.3
TTM Sales (₹ Cr.)	373	336
BVPS (₹) ⓘ	51.8	10
Reserves (₹ Cr.) ⓘ	97	-
P/BV ⓘ	0.97	5.00
PE ⓘ	19.56	152.02

From the Market
52 Week Low / High (₹)	0.00 / 0.00
All Time Low / High (₹)	- / -
Market Cap (₹ Cr.)	116
Equity (₹ Cr.)	23.3
Face Value (₹)	10
Industry PE ⓘ	51.5

PARTICULARS	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	237	239	336	328	331	373
Operating Expenses ⓘ +	230	229	328	307	318	358
Manufacturing Costs	9	10	22	17	22	27
Material Costs	156	167	223	207	204	222
Employee Cost	23	18	35	36	36	41
Other Costs ⓘ	42	34	49	46	56	68
Operating Profit ⓘ	8	10	8	20	12	15
Operating Profit Margin (%)	3.2%	4.0%	2.3%	6.2%	3.8%	3.9%
Other Income ⓘ +	0	0	1	3	1	1
Exceptional Items ⓘ	0	0	0	0	0	0
Interest ⓘ	5	4	6	5	6	5
Depreciation ⓘ	2	2	3	3	2	2
Profit Before Tax ⓘ	2	4	1	15	6	8
Tax ⓘ	0	1	0	4	1	2
Profit After Tax	1	3	1	10	5	6
PAT Margin (%)	0.5%	1.3%	0.2%	3.2%	1.5%	1.6%
Adjusted EPS (₹)	0.7	1.8	0.3	6.1	2.1	2.6
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%

PARTICULARS	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	47	50	51	61	115	120
Share Capital ⓘ	4	4	4	17	23	23
Reserves ⓘ	44	47	47	44	91	97
Debt +	39	51	64	64	118	81
Long Term Debt	24	25	32	27	25	22
Short Term Debt	15	26	33	37	93	59
Minority Interest	0	0	0	0	0	0
Trade Payables	28	27	47	53	37	88
Others Liabilities ⓘ	8	10	14	16	20	16
Total Liabilities ⓘ	122	139	176	194	290	306
Fixed Assets
Net Fixed Assets ⓘ +	19	19	26	31	38	46
Gross Block	25	26	35	44	52	63
Accumulated Depreciation	6	7	9	12	14	17
CWIP ⓘ	0	0	3	12	37	56
Investments ⓘ	1	1	1	0	0	0
Inventories	36	43	67	77	77	88
Trade Receivables	59	60	65	58	81	101
Cash Equivalents	0	1	2	2	41	3
Others Assets ⓘ	7	15	12	14	16	12
Total Assets ⓘ	122	139	176	194	290	306

PARTICULARS	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	-1	-4	3	21	-24	34
PBT ⓘ	2	4	1	15	6	8
Adjustment ⓘ	6	6	8	9	7	8
Changes in Working Capital ⓘ	-9	-13	-6	2	-36	20
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	0	0	0	1	0	0
Others ⓘ	0	0	0	0	0	0
Cash Flow From Financing Activity ⓘ +	3	7	10	-5	97	-42
Net Proceeds from Shares ⓘ	0	0	0	0	49	0
Net Proceeds from Borrowing ⓘ	8	1	7	-4	-2	-3
Interest Paid ⓘ	-5	-4	-6	-5	-6	-5
Dividend Paid ⓘ	0	0	0	0	0	0
Others ⓘ	-0	11	9	5	56	-33
Net Cash Flow ⓘ	-0	1	0	-0	40	-38

PARTICULARS	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	2.39	6.28	1.01	18.79	5.52	5.06
ROCE (%)	7.02	8.81	5.87	16.08	6.39	6.13
Asset Turnover Ratio	1.94	1.83	2.14	1.77	1.37	1.25
PAT to CFO Conversion(x)	-1	-1.33	3	2.1	-4.8	5.67
Working Capital Days
Receivable Days	90.50	90.70	67.70	68.50	77.20	89.10
Inventory Days	55.50	60.30	59.70	80.50	85	80.70
Payable Days	65.60	60.70	60.90	88.20	81.30	103.30

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.

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

Greenchef Appliances Ltd (GREENCHEF) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating