Stove Kraft Ltd (STOVEKRAFT) Share Price & Fundamentals

What we do

Stove Kraft Ltd manufactures and trades kitchen appliances like pressure cookers, stoves, cookware, and small home appliances under brands like Pigeon and Gilma.

Founded in

1,999

Market share

3rd largest in non-stick cookware in India; market leader in freestanding hobs and cooktops.

Problem solved

Provides quality, affordable kitchen and home appliances addressing modern cooking and convenience needs.

Top clients or who we serve

Serves B2C consumers across India with export to USA and Mexico retail chains; multi-brand retail and e-commerce presence.

Key management

Rajendra Gandhi (Founder & Managing Director) with 22+ years experience; Neha Gandhi (Executive Director).

Our journey and innovations

Founded 1999; IPO in 2021; launched LED products, air fryers, flasks, cast iron cookware; expanded retail stores to 313 in 2026.

Where we operate

Primarily India; exports to USA and Mexico.

Top products or what we offer

Pressure cookers, LPG stoves, non-stick cookware, induction cooktops, chimneys, small appliances like mixer grinders and air fryers.

Top brands

Pigeon (flagship), Gilma (exclusive outlets), BLACK+DECKER (licensed products), Pigeon LED products.

Raw materials needed

Steel, aluminum, non-stick coatings, electronic components for appliances.

Raw materials supplier

Sourced domestically and from China with dedicated quality teams.

Recurring vs cyclical contribution

Revenue mainly from product sales; recurring through expanding retail and service networks.

Our industry position

Strong in southern India; growing pan-India retail footprint; leadership in select product categories.

Financial highlights

FY25 revenue ₹1449 crore; PAT ₹38.5 crore; EBITDA margin ~10.4%; continuous revenue growth.

Geographical revenue split

India accounts for majority (~90%) revenue; exports ~10%.

Order book

-

Whats driving growth

Retail expansion, product innovation, e-commerce growth, favorable government policies, urbanization.

Our future plans

Increase retail stores, new product launches in personal care, expand manufacturing and solar energy capacity.

Our green promise

Commissioned 4 MW solar rooftop plant; water recycling; green belt development for sustainability.

Our people and values

Emphasizes safety, training; adopts ESOP to attract talent; ISO certified quality systems.

Key challenges ahead

Managing raw material inflation, export market uncertainties, safety risk mitigation.

Interesting facts

Automated roller coating unit; exclusive licenses; one of few automated non-stick cookware producers in India.

Risks and strategy

Mitigates risks via diversification, continuous innovation, and expanding retail as a moat.