# Domestic Appliances — company-by-company sector analysis

> Domestic Appliances: IFB Industries Ltd owns the largest revenue base; Hawkins Cookers Ltd has the fastest current growth.

Sector Alpha — machine-written from the numbers. Data as of 2026-07-29. Not investment advice.

## Bottom line

Domestic Appliances has underperformed NIFTY 500 by 10.7% over 52 weeks and 16.6% over 13 weeks. 4 of 6 covered companies beat NIFTY on Mansfield relative strength, while 3 of 6 beat the sector itself. IFB Industries Ltd leads with revenue of ₹5,619 crore, based on 6 of 6 comparable companies through Mar 2026.

### Is the Domestic Appliances sector outperforming NIFTY 500?

Domestic Appliances has underperformed NIFTY 500 by 10.7% over 52 weeks and 16.6% over 13 weeks. 4 of 6 covered companies beat NIFTY on Mansfield relative strength, while 3 of 6 beat the sector itself.

### Which Domestic Appliances company is largest by revenue?

IFB Industries Ltd leads with revenue of ₹5,619 crore, based on 6 of 6 comparable companies through Mar 2026.

### Which Domestic Appliances company is growing fastest?

Hawkins Cookers Ltd has the fastest current revenue growth at 12.1%, across 6 of 6 comparable companies.

### Which Domestic Appliances company has the strongest 4-Factor Sector Score?

Butterfly Gandhimathi Appliances Ltd ranks first at 70.3/100 with 87% evidence confidence. The score prioritizes research; it is not a buy recommendation.

### Which Domestic Appliances company has the least gross debt?

Butterfly Gandhimathi Appliances Ltd has the lowest comparable gross debt at ₹8 crore. TTK Prestige Ltd has the highest at ₹174 crore.

### Which Domestic Appliances company has the lowest comparable PEG?

Stove Kraft Ltd has the lowest comparable Guarded PEG at 0.72, among 4 of 6 companies that pass the metric’s comparability rules.

### How much history does this Domestic Appliances comparison include?

The page compares up to 20 reported quarters per company for fundamentals, CAPEX, debt and valuation, ending Mar 2026. Missing observations remain blank rather than being estimated.

### How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

## Sector relative strength

Domestic Appliances has underperformed NIFTY 500 by 10.7% over the last 52 weeks. Over 13 weeks the gap is a lead of 16.6%. 4 of 6 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Hawkins Cookers Ltd is the strongest against the sector itself at +17.7%. Readings are as of 2026-07-19.

13-week sector return versus NIFTY 500: 17%
52-week sector return versus NIFTY 500: -11%
Stocks leading NIFTY: 4/6
Stocks leading sector: 3/6

Central tension: The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Companies: 6
Combined market value: ₹26.4K Cr

## 4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

1. Butterfly Gandhimathi Appliances Ltd (BUTTERFLY): 70/100 — Favorable setup; evidence 87%
   - Growth & earnings 24.5/35 | Capital efficiency 15.7/25 | Valuation 13.0/20 | Relative strength 17.1/20
   - Exact sum: 24.5 + 15.7 + 13 + 17.1 = 70.3
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
2. Hawkins Cookers Ltd (HAWKINCOOK): 58/100 — Mixed-positive evidence; evidence 94%
   - Growth & earnings 19.4/35 | Capital efficiency 20.1/25 | Valuation 3.8/20 | Relative strength 15.1/20
   - Exact sum: 19.4 + 20.1 + 3.8 + 15.1 = 58.4
   - Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression.
3. Stove Kraft Ltd (STOVEKRAFT): 57/100 — Mixed-positive evidence; evidence 94%
   - Growth & earnings 11.8/35 | Capital efficiency 16.4/25 | Valuation 14.7/20 | Relative strength 13.6/20
   - Exact sum: 11.8 + 16.4 + 14.7 + 13.6 = 56.5
   - Decision use: Price leads the evidence: RS versus the benchmark is 27.9%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
4. IFB Industries Ltd (IFBIND): 48/100 — Mixed-negative evidence; evidence 87%
   - Growth & earnings 22.9/35 | Capital efficiency 13.2/25 | Valuation 8.2/20 | Relative strength 3.8/20
   - Exact sum: 22.9 + 13.2 + 8.2 + 3.8 = 48.1
   - Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -16% and the one-year return is -10.3%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
5. TTK Prestige Ltd (TTKPRESTIG): 43/100 — Mixed-negative evidence; evidence 83%
   - Growth & earnings 19.8/35 | Capital efficiency 11.8/25 | Valuation 2.2/20 | Relative strength 9.0/20
   - Exact sum: 19.8 + 11.8 + 2.2 + 9 = 42.8
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
6. Bajaj Electricals Ltd (BAJAJELEC): 21/100 — Adverse evidence; evidence 74%
   - Growth & earnings 2.0/35 | Capital efficiency 5.0/25 | Valuation 10.0/20 | Relative strength 4.2/20
   - Exact sum: 2 + 5 + 10 + 4.2 = 21.2
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

## Revenue Scale & Growth Durability

What the numbers say: IFB Industries Ltd is the scale leader at ₹5,619 crore, 25.9% ahead of Bajaj Electricals Ltd. Hawkins Cookers Ltd's growth is 12.1% from a ₹1,252 crore base, with 20 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

Investor read: IFB Industries Ltd is the scale benchmark; Hawkins Cookers Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: IFB Industries Ltd's growth falls below Hawkins Cookers Ltd's for two consecutive comparable reports while operating margin also compresses.

Evidence: IFB Industries Ltd · ₹5,619 crore | 25.9% versus #2 · Bajaj Electricals Ltd | 8/8 recent comparable periods | 6/6 companies · 114 observations

Definition: Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.

### Revenue — largest
1. IFB Industries Ltd (IFBIND): ₹5.6K Cr
2. Bajaj Electricals Ltd (BAJAJELEC): ₹4.5K Cr
3. TTK Prestige Ltd (TTKPRESTIG): ₹3.0K Cr
4. Stove Kraft Ltd (STOVEKRAFT): ₹1.5K Cr
5. Hawkins Cookers Ltd (HAWKINCOOK): ₹1.3K Cr

### Revenue growth — fastest growers
1. Hawkins Cookers Ltd (HAWKINCOOK): 12%
2. IFB Industries Ltd (IFBIND): 10%
3. TTK Prestige Ltd (TTKPRESTIG): 9.5%
4. Butterfly Gandhimathi Appliances Ltd (BUTTERFLY): 9.0%
5. Stove Kraft Ltd (STOVEKRAFT): 3.0%

### 20-quarter Revenue history
- TTKPRESTIG: Jun 2021 ₹401 Cr | Sep 2021 ₹859 Cr | Dec 2021 ₹765 Cr | Mar 2022 ₹698 Cr | Jun 2022 ₹629 Cr | Sep 2022 ₹842 Cr | Dec 2022 ₹695 Cr | Mar 2023 ₹611 Cr | Jun 2023 ₹588 Cr | Sep 2023 ₹729 Cr | Dec 2023 ₹738 Cr | Mar 2024 ₹623 Cr | Jun 2024 ₹588 Cr | Sep 2024 ₹750 Cr | Dec 2024 ₹727 Cr | Mar 2025 ₹650 Cr | Jun 2025 ₹609 Cr | Sep 2025 ₹834 Cr | Dec 2025 ₹801 Cr | Mar 2026 ₹729 Cr
- IFBIND: Jun 2021 ₹572 Cr | Sep 2021 ₹990 Cr | Dec 2021 ₹953 Cr | Mar 2022 ₹900 Cr | Jun 2022 ₹1.1K Cr | Sep 2022 ₹1.1K Cr | Dec 2022 ₹999 Cr | Mar 2023 ₹1.0K Cr | Jun 2023 ₹1.1K Cr | Sep 2023 ₹1.1K Cr | Dec 2023 ₹1.2K Cr | Mar 2024 ₹1.1K Cr | Jun 2024 ₹1.3K Cr | Sep 2024 ₹1.2K Cr | Dec 2024 ₹1.3K Cr | Mar 2025 ₹1.3K Cr | Jun 2025 ₹1.3K Cr | Sep 2025 ₹1.4K Cr | Dec 2025 ₹1.4K Cr | Mar 2026 ₹1.5K Cr
- HAWKINCOOK: Jun 2021 ₹151 Cr | Sep 2021 ₹266 Cr | Dec 2021 ₹269 Cr | Mar 2022 ₹272 Cr | Jun 2022 ₹198 Cr | Sep 2022 ₹297 Cr | Dec 2022 ₹257 Cr | Mar 2023 ₹254 Cr | Jun 2023 ₹203 Cr | Sep 2023 ₹272 Cr | Dec 2023 ₹272 Cr | Mar 2024 ₹277 Cr | Jun 2024 ₹228 Cr | Sep 2024 ₹296 Cr | Dec 2024 ₹286 Cr | Mar 2025 ₹307 Cr | Jun 2025 ₹239 Cr | Sep 2025 ₹316 Cr | Dec 2025 ₹332 Cr | Mar 2026 ₹365 Cr
- BAJAJELEC: Jun 2021 ₹857 Cr | Sep 2021 ₹1.3K Cr | Dec 2021 ₹1.3K Cr | Mar 2022 ₹1.3K Cr | Jun 2022 ₹1.2K Cr | Sep 2022 ₹1.2K Cr | Dec 2022 ₹1.3K Cr | Mar 2023 ₹1.3K Cr | Jun 2023 ₹1.1K Cr | Sep 2023 ₹1.1K Cr | Dec 2023 ₹1.2K Cr | Mar 2024 ₹1.2K Cr | Jun 2024 ₹1.2K Cr | Sep 2024 ₹1.1K Cr | Dec 2024 ₹1.3K Cr | Mar 2025 ₹1.3K Cr | Jun 2025 ₹1.1K Cr | Sep 2025 ₹1.1K Cr | Dec 2025 ₹1.1K Cr | Mar 2026 ₹1.2K Cr
- STOVEKRAFT: Jun 2021 ₹214 Cr | Sep 2021 ₹363 Cr | Dec 2021 ₹298 Cr | Mar 2022 ₹261 Cr | Jun 2022 ₹275 Cr | Sep 2022 ₹406 Cr | Dec 2022 ₹325 Cr | Mar 2023 ₹278 Cr | Jun 2023 ₹298 Cr | Sep 2023 ₹380 Cr | Dec 2023 ₹362 Cr | Mar 2024 ₹325 Cr | Jun 2024 ₹314 Cr | Sep 2024 ₹418 Cr | Dec 2024 ₹404 Cr | Mar 2025 ₹313 Cr | Jun 2025 ₹340 Cr | Sep 2025 ₹474 Cr | Dec 2025 ₹378 Cr | Mar 2026 ₹415 Cr
- BUTTERFLY: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹248 Cr | Mar 2023 ₹187 Cr | Jun 2023 ₹219 Cr | Sep 2023 ₹308 Cr | Dec 2023 ₹238 Cr | Mar 2024 ₹166 Cr | Jun 2024 ₹182 Cr | Sep 2024 ₹258 Cr | Dec 2024 ₹238 Cr | Mar 2025 ₹187 Cr | Jun 2025 ₹187 Cr | Sep 2025 ₹293 Cr | Dec 2025 ₹245 Cr | Mar 2026 ₹218 Cr

### 20-quarter Revenue growth history
- TTKPRESTIG: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 57% | Sep 2022 -2.0% | Dec 2022 -9.2% | Mar 2023 -12% | Jun 2023 -6.5% | Sep 2023 -13% | Dec 2023 6.2% | Mar 2024 2.0% | Jun 2024 0.0% | Sep 2024 2.9% | Dec 2024 -1.5% | Mar 2025 4.3% | Jun 2025 3.6% | Sep 2025 11% | Dec 2025 10% | Mar 2026 12%
- IFBIND: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 87% | Sep 2022 13% | Dec 2022 4.8% | Mar 2023 12% | Jun 2023 1.8% | Sep 2023 -1.5% | Dec 2023 16% | Mar 2024 7.9% | Jun 2024 17% | Sep 2024 11% | Dec 2024 9.4% | Mar 2025 22% | Jun 2025 5.4% | Sep 2025 12% | Dec 2025 11% | Mar 2026 12%
- HAWKINCOOK: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 31% | Sep 2022 12% | Dec 2022 -4.5% | Mar 2023 -6.6% | Jun 2023 2.5% | Sep 2023 -8.4% | Dec 2023 5.8% | Mar 2024 9.1% | Jun 2024 12% | Sep 2024 8.8% | Dec 2024 5.2% | Mar 2025 11% | Jun 2025 4.8% | Sep 2025 6.8% | Dec 2025 16% | Mar 2026 19%
- BAJAJELEC: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 43% | Sep 2022 -5.8% | Dec 2022 -0.8% | Mar 2023 -3.2% | Jun 2023 -9.5% | Sep 2023 -9.2% | Dec 2023 -6.2% | Mar 2024 -8.1% | Jun 2024 3.9% | Sep 2024 0.5% | Dec 2024 5.1% | Mar 2025 6.5% | Jun 2025 -7.8% | Sep 2025 -1.0% | Dec 2025 -19% | Mar 2026 -2.0%
- STOVEKRAFT: Jun 2021 — | Sep 2021 — | Dec 2021 1.0% | Mar 2022 11% | Jun 2022 29% | Sep 2022 12% | Dec 2022 8.9% | Mar 2023 6.5% | Jun 2023 8.3% | Sep 2023 -6.5% | Dec 2023 11% | Mar 2024 17% | Jun 2024 5.6% | Sep 2024 10% | Dec 2024 12% | Mar 2025 -3.8% | Jun 2025 8.2% | Sep 2025 13% | Dec 2025 -6.4% | Mar 2026 33%
- BUTTERFLY: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 -4.0% | Mar 2024 -11% | Jun 2024 -17% | Sep 2024 -16% | Dec 2024 0.0% | Mar 2025 13% | Jun 2025 2.8% | Sep 2025 14% | Dec 2025 2.9% | Mar 2026 17%

## Operating Economics & Margin Trend

What the numbers say: Hawkins Cookers Ltd leads opm at 15%; IFB Industries Ltd leads margin change at +1 percentage points.

Investor read: Hawkins Cookers Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Evidence: Hawkins Cookers Ltd · 15% | 66.7% versus #2 · Butterfly Gandhimathi Appliances Ltd | 2/8 recent comparable periods | 6/6 companies · 120 observations

Definition: Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.

### OPM — highest
1. Hawkins Cookers Ltd (HAWKINCOOK): 15%
2. Butterfly Gandhimathi Appliances Ltd (BUTTERFLY): 9.0%
3. TTK Prestige Ltd (TTKPRESTIG): 9.0%
4. IFB Industries Ltd (IFBIND): 5.0%
5. Stove Kraft Ltd (STOVEKRAFT): 4.4%

### Margin change — fastest expanders
1. IFB Industries Ltd (IFBIND): +1.0 pp
2. TTK Prestige Ltd (TTKPRESTIG): +1.0 pp
3. Butterfly Gandhimathi Appliances Ltd (BUTTERFLY): 0.0 pp
4. Hawkins Cookers Ltd (HAWKINCOOK): 0.0 pp
5. Bajaj Electricals Ltd (BAJAJELEC): −4.0 pp

### 20-quarter OPM history
- TTKPRESTIG: Jun 2021 11% | Sep 2021 17% | Dec 2021 17% | Mar 2022 16% | Jun 2022 13% | Sep 2022 14% | Dec 2022 12% | Mar 2023 13% | Jun 2023 10% | Sep 2023 11% | Dec 2023 12% | Mar 2024 12% | Jun 2024 9.0% | Sep 2024 10% | Dec 2024 11% | Mar 2025 8.0% | Jun 2025 7.0% | Sep 2025 12% | Dec 2025 9.0% | Mar 2026 9.0%
- IFBIND: Jun 2021 -5.5% | Sep 2021 7.1% | Dec 2021 2.8% | Mar 2022 -1.2% | Jun 2022 3.3% | Sep 2022 6.2% | Dec 2022 3.0% | Mar 2023 3.0% | Jun 2023 3.0% | Sep 2023 6.0% | Dec 2023 5.0% | Mar 2024 4.0% | Jun 2024 6.0% | Sep 2024 5.0% | Dec 2024 7.0% | Mar 2025 4.0% | Jun 2025 5.0% | Sep 2025 7.0% | Dec 2025 5.0% | Mar 2026 5.0%
- HAWKINCOOK: Jun 2021 16% | Sep 2021 14% | Dec 2021 10% | Mar 2022 11% | Jun 2022 17% | Sep 2022 15% | Dec 2022 10% | Mar 2023 13% | Jun 2023 14% | Sep 2023 18% | Dec 2023 10% | Mar 2024 17% | Jun 2024 15% | Sep 2024 15% | Dec 2024 10% | Mar 2025 15% | Jun 2025 15% | Sep 2025 14% | Dec 2025 14% | Mar 2026 15%
- BAJAJELEC: Jun 2021 0.1% | Sep 2021 7.3% | Dec 2021 7.0% | Mar 2022 4.7% | Jun 2022 6.5% | Sep 2022 7.8% | Dec 2022 8.0% | Mar 2023 7.0% | Jun 2023 6.0% | Sep 2023 7.0% | Dec 2023 5.0% | Mar 2024 4.0% | Jun 2024 7.0% | Sep 2024 5.0% | Dec 2024 7.0% | Mar 2025 7.0% | Jun 2025 3.0% | Sep 2025 5.0% | Dec 2025 1.0% | Mar 2026 3.0%
- STOVEKRAFT: Jun 2021 7.5% | Sep 2021 9.9% | Dec 2021 4.3% | Mar 2022 3.9% | Jun 2022 5.5% | Sep 2022 9.5% | Dec 2022 7.8% | Mar 2023 2.1% | Jun 2023 8.1% | Sep 2023 11% | Dec 2023 8.3% | Mar 2024 7.6% | Jun 2024 10% | Sep 2024 12% | Dec 2024 10% | Mar 2025 9.4% | Jun 2025 10% | Sep 2025 12% | Dec 2025 9.1% | Mar 2026 4.4%
- BUTTERFLY: Jun 2021 5.3% | Sep 2021 12% | Dec 2021 7.9% | Mar 2022 -9.2% | Jun 2022 10% | Sep 2022 11% | Dec 2022 9.0% | Mar 2023 4.0% | Jun 2023 9.0% | Sep 2023 8.0% | Dec 2023 1.0% | Mar 2024 -12% | Jun 2024 5.0% | Sep 2024 9.0% | Dec 2024 7.0% | Mar 2025 9.0% | Jun 2025 7.0% | Sep 2025 9.0% | Dec 2025 8.0% | Mar 2026 9.0%

### 20-quarter Margin change history
- TTKPRESTIG: Jun 2021 +8.3 pp | Sep 2021 +2.5 pp | Dec 2021 +0.8 pp | Mar 2022 −2.3 pp | Jun 2022 +1.7 pp | Sep 2022 −2.7 pp | Dec 2022 −4.9 pp | Mar 2023 −2.7 pp | Jun 2023 −2.7 pp | Sep 2023 −3.1 pp | Dec 2023 0.0 pp | Mar 2024 −1.0 pp | Jun 2024 −1.0 pp | Sep 2024 −1.0 pp | Dec 2024 −1.0 pp | Mar 2025 −4.0 pp | Jun 2025 −2.0 pp | Sep 2025 +2.0 pp | Dec 2025 −2.0 pp | Mar 2026 +1.0 pp
- IFBIND: Jun 2021 +6.4 pp | Sep 2021 −4.1 pp | Dec 2021 −8.4 pp | Mar 2022 −7.7 pp | Jun 2022 +8.8 pp | Sep 2022 −0.9 pp | Dec 2022 +0.2 pp | Mar 2023 +4.2 pp | Jun 2023 −0.3 pp | Sep 2023 −0.2 pp | Dec 2023 +2.0 pp | Mar 2024 +1.0 pp | Jun 2024 +3.0 pp | Sep 2024 −1.0 pp | Dec 2024 +2.0 pp | Mar 2025 0.0 pp | Jun 2025 −1.0 pp | Sep 2025 +2.0 pp | Dec 2025 −2.0 pp | Mar 2026 +1.0 pp
- HAWKINCOOK: Jun 2021 +6.1 pp | Sep 2021 −4.7 pp | Dec 2021 −3.9 pp | Mar 2022 −1.8 pp | Jun 2022 +0.8 pp | Sep 2022 +0.8 pp | Dec 2022 −0.2 pp | Mar 2023 +1.6 pp | Jun 2023 −2.9 pp | Sep 2023 +3.3 pp | Dec 2023 0.0 pp | Mar 2024 +4.0 pp | Jun 2024 +1.0 pp | Sep 2024 −3.0 pp | Dec 2024 0.0 pp | Mar 2025 −2.0 pp | Jun 2025 0.0 pp | Sep 2025 −1.0 pp | Dec 2025 +4.0 pp | Mar 2026 0.0 pp
- BAJAJELEC: Jun 2021 +3.7 pp | Sep 2021 −1.4 pp | Dec 2021 −2.9 pp | Mar 2022 −1.0 pp | Jun 2022 +6.4 pp | Sep 2022 +0.6 pp | Dec 2022 +1.0 pp | Mar 2023 +2.3 pp | Jun 2023 −0.5 pp | Sep 2023 −0.8 pp | Dec 2023 −3.0 pp | Mar 2024 −3.0 pp | Jun 2024 +1.0 pp | Sep 2024 −2.0 pp | Dec 2024 +2.0 pp | Mar 2025 +3.0 pp | Jun 2025 −4.0 pp | Sep 2025 0.0 pp | Dec 2025 −6.0 pp | Mar 2026 −4.0 pp
- STOVEKRAFT: Jun 2021 — | Sep 2021 −3.8 pp | Dec 2021 −10.7 pp | Mar 2022 −7.1 pp | Jun 2022 −2.0 pp | Sep 2022 −0.4 pp | Dec 2022 +3.5 pp | Mar 2023 −1.8 pp | Jun 2023 +2.6 pp | Sep 2023 +1.0 pp | Dec 2023 +0.5 pp | Mar 2024 +5.5 pp | Jun 2024 +2.0 pp | Sep 2024 +1.2 pp | Dec 2024 +1.7 pp | Mar 2025 +1.8 pp | Jun 2025 +0.4 pp | Sep 2025 +0.3 pp | Dec 2025 −1.0 pp | Mar 2026 −5.0 pp
- BUTTERFLY: Jun 2021 +10.6 pp | Sep 2021 −0.1 pp | Dec 2021 −4.2 pp | Mar 2022 −15.3 pp | Jun 2022 +4.8 pp | Sep 2022 −0.6 pp | Dec 2022 +1.1 pp | Mar 2023 +13.2 pp | Jun 2023 −1.2 pp | Sep 2023 −3.2 pp | Dec 2023 −8.0 pp | Mar 2024 −16.0 pp | Jun 2024 −4.0 pp | Sep 2024 +1.0 pp | Dec 2024 +6.0 pp | Mar 2025 +21.0 pp | Jun 2025 +2.0 pp | Sep 2025 0.0 pp | Dec 2025 +1.0 pp | Mar 2026 0.0 pp

## Profit Scale & Acceleration

What the numbers say: TTK Prestige Ltd leads with ₹157 crore of TTM profit, 9% above IFB Industries Ltd. Butterfly Gandhimathi Appliances Ltd shows 36.4% growth from a ₹45 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

Investor read: TTK Prestige Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Evidence: TTK Prestige Ltd · ₹157 crore | 9% versus #2 · IFB Industries Ltd | 1/8 recent comparable periods | 6/6 companies · 114 observations

Definition: Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.

### Net profit — largest
1. TTK Prestige Ltd (TTKPRESTIG): ₹157 Cr
2. IFB Industries Ltd (IFBIND): ₹144 Cr
3. Hawkins Cookers Ltd (HAWKINCOOK): ₹132 Cr
4. Butterfly Gandhimathi Appliances Ltd (BUTTERFLY): ₹45 Cr
5. Stove Kraft Ltd (STOVEKRAFT): ₹37 Cr

### Profit growth — fastest growers
1. Butterfly Gandhimathi Appliances Ltd (BUTTERFLY): 36%
2. IFB Industries Ltd (IFBIND): 21%
3. Hawkins Cookers Ltd (HAWKINCOOK): 16%
4. Stove Kraft Ltd (STOVEKRAFT): -5.9%
5. Bajaj Electricals Ltd (BAJAJELEC): -80%

### 20-quarter Net profit history
- TTKPRESTIG: Jun 2021 ₹31 Cr | Sep 2021 ₹104 Cr | Dec 2021 ₹91 Cr | Mar 2022 ₹80 Cr | Jun 2022 ₹53 Cr | Sep 2022 ₹84 Cr | Dec 2022 ₹58 Cr | Mar 2023 ₹58 Cr | Jun 2023 ₹47 Cr | Sep 2023 ₹59 Cr | Dec 2023 ₹62 Cr | Mar 2024 ₹57 Cr | Jun 2024 ₹41 Cr | Sep 2024 ₹52 Cr | Dec 2024 ₹57 Cr | Mar 2025 ₹-42 Cr | Jun 2025 ₹26 Cr | Sep 2025 ₹63 Cr | Dec 2025 ₹32 Cr | Mar 2026 ₹36 Cr
- IFBIND: Jun 2021 ₹-41 Cr | Sep 2021 ₹25 Cr | Dec 2021 ₹-3 Cr | Mar 2022 ₹-28 Cr | Jun 2022 ₹2 Cr | Sep 2022 ₹24 Cr | Dec 2022 ₹-1 Cr | Mar 2023 ₹-10 Cr | Jun 2023 ₹-1 Cr | Sep 2023 ₹22 Cr | Dec 2023 ₹17 Cr | Mar 2024 ₹12 Cr | Jun 2024 ₹38 Cr | Sep 2024 ₹31 Cr | Dec 2024 ₹31 Cr | Mar 2025 ₹19 Cr | Jun 2025 ₹26 Cr | Sep 2025 ₹51 Cr | Dec 2025 ₹24 Cr | Mar 2026 ₹43 Cr
- HAWKINCOOK: Jun 2021 ₹17 Cr | Sep 2021 ₹26 Cr | Dec 2021 ₹19 Cr | Mar 2022 ₹21 Cr | Jun 2022 ₹23 Cr | Sep 2022 ₹31 Cr | Dec 2022 ₹18 Cr | Mar 2023 ₹23 Cr | Jun 2023 ₹21 Cr | Sep 2023 ₹35 Cr | Dec 2023 ₹20 Cr | Mar 2024 ₹34 Cr | Jun 2024 ₹25 Cr | Sep 2024 ₹34 Cr | Dec 2024 ₹21 Cr | Mar 2025 ₹34 Cr | Jun 2025 ₹26 Cr | Sep 2025 ₹32 Cr | Dec 2025 ₹34 Cr | Mar 2026 ₹40 Cr
- BAJAJELEC: Jun 2021 ₹-25 Cr | Sep 2021 ₹63 Cr | Dec 2021 ₹48 Cr | Mar 2022 ₹39 Cr | Jun 2022 ₹41 Cr | Sep 2022 ₹62 Cr | Dec 2022 ₹61 Cr | Mar 2023 ₹52 Cr | Jun 2023 ₹37 Cr | Sep 2023 ₹27 Cr | Dec 2023 ₹37 Cr | Mar 2024 ₹29 Cr | Jun 2024 ₹28 Cr | Sep 2024 ₹13 Cr | Dec 2024 ₹33 Cr | Mar 2025 ₹59 Cr | Jun 2025 ₹1 Cr | Sep 2025 ₹10 Cr | Dec 2025 ₹-34 Cr | Mar 2026 ₹-68 Cr
- STOVEKRAFT: Jun 2021 ₹14 Cr | Sep 2021 ₹23 Cr | Dec 2021 ₹11 Cr | Mar 2022 ₹9 Cr | Jun 2022 ₹8 Cr | Sep 2022 ₹26 Cr | Dec 2022 ₹8 Cr | Mar 2023 ₹-6 Cr | Jun 2023 ₹8 Cr | Sep 2023 ₹17 Cr | Dec 2023 ₹7 Cr | Mar 2024 ₹3 Cr | Jun 2024 ₹8 Cr | Sep 2024 ₹17 Cr | Dec 2024 ₹12 Cr | Mar 2025 ₹1 Cr | Jun 2025 ₹10 Cr | Sep 2025 ₹21 Cr | Dec 2025 ₹4 Cr | Mar 2026 ₹6 Cr
- BUTTERFLY: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹12 Cr | Mar 2023 ₹2 Cr | Jun 2023 ₹15 Cr | Sep 2023 ₹15 Cr | Dec 2023 ₹-2 Cr | Mar 2024 ₹-20 Cr | Jun 2024 ₹3 Cr | Sep 2024 ₹13 Cr | Dec 2024 ₹8 Cr | Mar 2025 ₹9 Cr | Jun 2025 ₹6 Cr | Sep 2025 ₹17 Cr | Dec 2025 ₹11 Cr | Mar 2026 ₹11 Cr

### 20-quarter Profit growth history
- TTKPRESTIG: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 71% | Sep 2022 -19% | Dec 2022 -36% | Mar 2023 -28% | Jun 2023 -11% | Sep 2023 -30% | Dec 2023 6.9% | Mar 2024 -1.7% | Jun 2024 -13% | Sep 2024 -12% | Dec 2024 -8.1% | Mar 2025 -174% | Jun 2025 -37% | Sep 2025 21% | Dec 2025 -44% | Mar 2026 —
- IFBIND: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 -4.0% | Dec 2022 — | Mar 2023 — | Jun 2023 -150% | Sep 2023 -8.3% | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 41% | Dec 2024 82% | Mar 2025 58% | Jun 2025 -32% | Sep 2025 65% | Dec 2025 -23% | Mar 2026 126%
- HAWKINCOOK: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 35% | Sep 2022 19% | Dec 2022 -5.3% | Mar 2023 9.5% | Jun 2023 -8.7% | Sep 2023 13% | Dec 2023 11% | Mar 2024 48% | Jun 2024 19% | Sep 2024 -2.9% | Dec 2024 5.0% | Mar 2025 0.0% | Jun 2025 4.0% | Sep 2025 -5.9% | Dec 2025 62% | Mar 2026 18%
- BAJAJELEC: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 -1.6% | Dec 2022 27% | Mar 2023 33% | Jun 2023 -9.8% | Sep 2023 -56% | Dec 2023 -39% | Mar 2024 -44% | Jun 2024 -24% | Sep 2024 -52% | Dec 2024 -11% | Mar 2025 103% | Jun 2025 -96% | Sep 2025 -23% | Dec 2025 -203% | Mar 2026 -215%
- STOVEKRAFT: Jun 2021 — | Sep 2021 — | Dec 2021 -67% | Mar 2022 -53% | Jun 2022 -43% | Sep 2022 13% | Dec 2022 -29% | Mar 2023 -167% | Jun 2023 2.5% | Sep 2023 -36% | Dec 2023 -13% | Mar 2024 — | Jun 2024 0.0% | Sep 2024 1.2% | Dec 2024 80% | Mar 2025 -45% | Jun 2025 27% | Sep 2025 28% | Dec 2025 -66% | Mar 2026 314%
- BUTTERFLY: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 -117% | Mar 2024 -1,100% | Jun 2024 -80% | Sep 2024 -13% | Dec 2024 — | Mar 2025 — | Jun 2025 100% | Sep 2025 31% | Dec 2025 38% | Mar 2026 22%

## Capacity Spending & Returns On It

What the numbers say: There is not enough comparable evidence to name a reliable capex leader.

Investor read: Use the CAPEX rank as a diligence queue. Verify commissioning, utilization, cash conversion and post-investment ROCE before treating spend as value creation.

This conclusion weakens if: CAPEX rises without higher utilization, operating cash flow or incremental returns.

Evidence: No comparable leader | Not enough peers | Not enough history | 0/6 companies · 0 observations

Definition: CAPEX is cash spent on property, plant, equipment and other reported capital assets. CAPEX intensity divides that spend by revenue; high intensity is a reinvestment signal, not proof that the reinvestment will earn attractive returns.

### CAPEX — largest spenders

### CAPEX intensity — highest reinvestment intensity

### 20-quarter CAPEX history

### 20-quarter CAPEX intensity history

## Debt Load & Balance-Sheet Headroom

What the numbers say: TTK Prestige Ltd has the clearest covered balance-sheet capacity with ₹688 crore net cash and gross debt of ₹174 crore. Absolute debt alone does not identify the strongest balance sheet because company scale differs; net debt and debt-to-equity carry more information.

Investor read: Prioritize net-cash capacity and leverage relative to operating scale, not the smallest absolute rupee debt.

This conclusion weakens if: Net debt rises faster than revenue and profit for two consecutive reported periods.

Evidence: Butterfly Gandhimathi Appliances Ltd · ₹8 crore | 72.4% versus #2 · Hawkins Cookers Ltd | 8/8 recent comparable periods | 6/6 companies · 119 observations

Definition: Gross debt shows contractual borrowings. Net debt subtracts reported cash; a negative value means net cash. Lower debt can create capacity, but should be read against the scale and capital intensity of the business.

### Gross debt — lowest gross debt
1. Butterfly Gandhimathi Appliances Ltd (BUTTERFLY): ₹8 Cr
2. Hawkins Cookers Ltd (HAWKINCOOK): ₹29 Cr
3. Stove Kraft Ltd (STOVEKRAFT): ₹117 Cr
4. IFB Industries Ltd (IFBIND): ₹156 Cr
5. Bajaj Electricals Ltd (BAJAJELEC): ₹159 Cr

### Net debt — lowest net debt
1. TTK Prestige Ltd (TTKPRESTIG): ₹-688 Cr
2. IFB Industries Ltd (IFBIND): ₹-227 Cr
3. Hawkins Cookers Ltd (HAWKINCOOK): ₹-157 Cr
4. Butterfly Gandhimathi Appliances Ltd (BUTTERFLY): ₹-143 Cr
5. Stove Kraft Ltd (STOVEKRAFT): ₹87 Cr

### 20-quarter Gross debt history
- TTKPRESTIG: Jun 2021 ₹84 Cr | Sep 2021 ₹90 Cr | Dec 2021 ₹90 Cr | Mar 2022 ₹92 Cr | Jun 2022 ₹92 Cr | Sep 2022 ₹89 Cr | Dec 2022 ₹89 Cr | Mar 2023 ₹131 Cr | Jun 2023 ₹131 Cr | Sep 2023 ₹162 Cr | Dec 2023 ₹162 Cr | Mar 2024 ₹180 Cr | Jun 2024 ₹180 Cr | Sep 2024 ₹176 Cr | Dec 2024 ₹176 Cr | Mar 2025 ₹180 Cr | Jun 2025 ₹180 Cr | Sep 2025 ₹189 Cr | Dec 2025 ₹189 Cr | Mar 2026 ₹174 Cr
- IFBIND: Jun 2021 ₹293 Cr | Sep 2021 ₹356 Cr | Dec 2021 ₹356 Cr | Mar 2022 ₹363 Cr | Jun 2022 ₹363 Cr | Sep 2022 ₹300 Cr | Dec 2022 ₹300 Cr | Mar 2023 ₹353 Cr | Jun 2023 ₹353 Cr | Sep 2023 ₹285 Cr | Dec 2023 — | Mar 2024 ₹164 Cr | Jun 2024 ₹164 Cr | Sep 2024 ₹165 Cr | Dec 2024 ₹86 Cr | Mar 2025 ₹250 Cr | Jun 2025 ₹250 Cr | Sep 2025 ₹168 Cr | Dec 2025 ₹168 Cr | Mar 2026 ₹156 Cr
- HAWKINCOOK: Jun 2021 ₹38 Cr | Sep 2021 ₹40 Cr | Dec 2021 ₹40 Cr | Mar 2022 ₹43 Cr | Jun 2022 ₹43 Cr | Sep 2022 ₹42 Cr | Dec 2022 ₹42 Cr | Mar 2023 ₹42 Cr | Jun 2023 ₹42 Cr | Sep 2023 ₹43 Cr | Dec 2023 ₹43 Cr | Mar 2024 ₹31 Cr | Jun 2024 ₹31 Cr | Sep 2024 ₹26 Cr | Dec 2024 ₹26 Cr | Mar 2025 ₹23 Cr | Jun 2025 ₹23 Cr | Sep 2025 ₹60 Cr | Dec 2025 ₹60 Cr | Mar 2026 ₹29 Cr
- BAJAJELEC: Jun 2021 ₹888 Cr | Sep 2021 ₹312 Cr | Dec 2021 ₹312 Cr | Mar 2022 ₹91 Cr | Jun 2022 ₹395 Cr | Sep 2022 ₹60 Cr | Dec 2022 ₹60 Cr | Mar 2023 ₹101 Cr | Jun 2023 ₹681 Cr | Sep 2023 ₹843 Cr | Dec 2023 ₹843 Cr | Mar 2024 ₹215 Cr | Jun 2024 ₹1.5K Cr | Sep 2024 ₹1.6K Cr | Dec 2024 ₹1.6K Cr | Mar 2025 ₹243 Cr | Jun 2025 ₹1.7K Cr | Sep 2025 ₹215 Cr | Dec 2025 ₹1.5K Cr | Mar 2026 ₹159 Cr
- STOVEKRAFT: Jun 2021 ₹50 Cr | Sep 2021 ₹68 Cr | Dec 2021 ₹68 Cr | Mar 2022 ₹78 Cr | Jun 2022 ₹155 Cr | Sep 2022 ₹174 Cr | Dec 2022 ₹174 Cr | Mar 2023 ₹197 Cr | Jun 2023 ₹235 Cr | Sep 2023 ₹236 Cr | Dec 2023 ₹236 Cr | Mar 2024 ₹256 Cr | Jun 2024 ₹318 Cr | Sep 2024 ₹342 Cr | Dec 2024 ₹342 Cr | Mar 2025 ₹348 Cr | Jun 2025 ₹371 Cr | Sep 2025 ₹196 Cr | Dec 2025 ₹260 Cr | Mar 2026 ₹117 Cr
- BUTTERFLY: Jun 2021 ₹29 Cr | Sep 2021 ₹27 Cr | Dec 2021 ₹27 Cr | Mar 2022 ₹53 Cr | Jun 2022 ₹53 Cr | Sep 2022 ₹6 Cr | Dec 2022 ₹6 Cr | Mar 2023 ₹5 Cr | Jun 2023 ₹5 Cr | Sep 2023 ₹4 Cr | Dec 2023 ₹4 Cr | Mar 2024 ₹4 Cr | Jun 2024 ₹4 Cr | Sep 2024 ₹15 Cr | Dec 2024 ₹15 Cr | Mar 2025 ₹12 Cr | Jun 2025 ₹12 Cr | Sep 2025 ₹11 Cr | Dec 2025 ₹11 Cr | Mar 2026 ₹8 Cr

### 20-quarter Net debt history
- TTKPRESTIG: Jun 2021 ₹-412 Cr | Sep 2021 ₹-482 Cr | Dec 2021 ₹-482 Cr | Mar 2022 ₹-302 Cr | Jun 2022 ₹-302 Cr | Sep 2022 ₹-552 Cr | Dec 2022 ₹-552 Cr | Mar 2023 ₹-150 Cr | Jun 2023 ₹-150 Cr | Sep 2023 ₹-669 Cr | Dec 2023 ₹-669 Cr | Mar 2024 ₹-826 Cr | Jun 2024 ₹-828 Cr | Sep 2024 ₹-642 Cr | Dec 2024 ₹-642 Cr | Mar 2025 ₹-637 Cr | Jun 2025 ₹-637 Cr | Sep 2025 ₹-570 Cr | Dec 2025 ₹-570 Cr | Mar 2026 ₹-688 Cr
- IFBIND: Jun 2021 ₹-84 Cr | Sep 2021 ₹25 Cr | Dec 2021 ₹25 Cr | Mar 2022 ₹45 Cr | Jun 2022 ₹45 Cr | Sep 2022 ₹-52 Cr | Dec 2022 ₹-52 Cr | Mar 2023 ₹167 Cr | Jun 2023 ₹167 Cr | Sep 2023 ₹27 Cr | Dec 2023 — | Mar 2024 ₹-138 Cr | Jun 2024 ₹-138 Cr | Sep 2024 ₹-176 Cr | Dec 2024 ₹-253 Cr | Mar 2025 ₹-61 Cr | Jun 2025 ₹-74 Cr | Sep 2025 ₹-162 Cr | Dec 2025 ₹-162 Cr | Mar 2026 ₹-227 Cr
- HAWKINCOOK: Jun 2021 ₹-123 Cr | Sep 2021 ₹-44 Cr | Dec 2021 ₹-44 Cr | Mar 2022 ₹-17 Cr | Jun 2022 ₹-17 Cr | Sep 2022 ₹-21 Cr | Dec 2022 ₹-21 Cr | Mar 2023 ₹-53 Cr | Jun 2023 ₹-53 Cr | Sep 2023 ₹-87 Cr | Dec 2023 ₹-87 Cr | Mar 2024 ₹-149 Cr | Jun 2024 ₹-149 Cr | Sep 2024 ₹-136 Cr | Dec 2024 ₹-136 Cr | Mar 2025 ₹-161 Cr | Jun 2025 ₹-161 Cr | Sep 2025 ₹-131 Cr | Dec 2025 ₹-131 Cr | Mar 2026 ₹-157 Cr
- BAJAJELEC: Jun 2021 ₹827 Cr | Sep 2021 ₹251 Cr | Dec 2021 ₹251 Cr | Mar 2022 ₹253 Cr | Jun 2022 ₹253 Cr | Sep 2022 ₹-153 Cr | Dec 2022 ₹-153 Cr | Mar 2023 ₹879 Cr | Jun 2023 ₹272 Cr | Sep 2023 ₹639 Cr | Dec 2023 ₹639 Cr | Mar 2024 ₹1.2K Cr | Jun 2024 ₹1.2K Cr | Sep 2024 ₹1.5K Cr | Dec 2024 ₹1.5K Cr | Mar 2025 ₹1.2K Cr | Jun 2025 ₹1.2K Cr | Sep 2025 ₹1.2K Cr | Dec 2025 ₹1.2K Cr | Mar 2026 ₹1.0K Cr
- STOVEKRAFT: Jun 2021 ₹13 Cr | Sep 2021 ₹55 Cr | Dec 2021 ₹55 Cr | Mar 2022 ₹155 Cr | Jun 2022 ₹143 Cr | Sep 2022 ₹147 Cr | Dec 2022 ₹147 Cr | Mar 2023 ₹232 Cr | Jun 2023 ₹215 Cr | Sep 2023 ₹195 Cr | Dec 2023 ₹195 Cr | Mar 2024 ₹311 Cr | Jun 2024 ₹303 Cr | Sep 2024 ₹325 Cr | Dec 2024 ₹325 Cr | Mar 2025 ₹368 Cr | Jun 2025 ₹361 Cr | Sep 2025 ₹257 Cr | Dec 2025 ₹257 Cr | Mar 2026 ₹87 Cr
- BUTTERFLY: Jun 2021 ₹-4 Cr | Sep 2021 ₹-45 Cr | Dec 2021 ₹-45 Cr | Mar 2022 ₹52 Cr | Jun 2022 ₹52 Cr | Sep 2022 ₹-103 Cr | Dec 2022 ₹-103 Cr | Mar 2023 ₹-53 Cr | Jun 2023 ₹-53 Cr | Sep 2023 ₹-79 Cr | Dec 2023 ₹-79 Cr | Mar 2024 ₹-69 Cr | Jun 2024 ₹-69 Cr | Sep 2024 ₹-35 Cr | Dec 2024 ₹-35 Cr | Mar 2025 ₹-82 Cr | Jun 2025 ₹-82 Cr | Sep 2025 ₹-91 Cr | Dec 2025 ₹-91 Cr | Mar 2026 ₹-143 Cr

## Return On Capital Employed

What the numbers say: Hawkins Cookers Ltd leads ROCE at 40.9%, 9.1 percentage points above Stove Kraft Ltd. Butterfly Gandhimathi Appliances Ltd has the strongest latest improvement at +2.2 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

Investor read: Hawkins Cookers Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

Evidence: Hawkins Cookers Ltd · 40.9% | 28.6% versus #2 · Stove Kraft Ltd | 1/8 recent comparable periods | 6/6 companies · 89 observations

Definition: ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.

### ROCE — highest
1. Hawkins Cookers Ltd (HAWKINCOOK): 41%
2. Stove Kraft Ltd (STOVEKRAFT): 32%
3. IFB Industries Ltd (IFBIND): 20%
4. Butterfly Gandhimathi Appliances Ltd (BUTTERFLY): 17%
5. TTK Prestige Ltd (TTKPRESTIG): 12%

### ROCE change — fastest improvers
1. Butterfly Gandhimathi Appliances Ltd (BUTTERFLY): +2.2 pp
2. Stove Kraft Ltd (STOVEKRAFT): +1.6 pp
3. IFB Industries Ltd (IFBIND): +1.2 pp
4. TTK Prestige Ltd (TTKPRESTIG): 0.0 pp
5. Hawkins Cookers Ltd (HAWKINCOOK): −0.1 pp

### 20-quarter ROCE history
- TTKPRESTIG: Jun 2021 — | Sep 2021 22% | Dec 2021 — | Mar 2022 21% | Jun 2022 — | Sep 2022 20% | Dec 2022 — | Mar 2023 15% | Jun 2023 — | Sep 2023 12% | Dec 2023 16% | Mar 2024 11% | Jun 2024 14% | Sep 2024 11% | Dec 2024 14% | Mar 2025 9.1% | Jun 2025 8.0% | Sep 2025 9.4% | Dec 2025 7.4% | Mar 2026 9.1%
- IFBIND: Jun 2021 — | Sep 2021 9.0% | Dec 2021 — | Mar 2022 -6.2% | Jun 2022 — | Sep 2022 0.6% | Dec 2022 — | Mar 2023 4.4% | Jun 2023 — | Sep 2023 4.2% | Dec 2023 8.4% | Mar 2024 9.8% | Jun 2024 16% | Sep 2024 14% | Dec 2024 12% | Mar 2025 15% | Jun 2025 17% | Sep 2025 15% | Dec 2025 15% | Mar 2026 16%
- HAWKINCOOK: Jun 2021 — | Sep 2021 58% | Dec 2021 — | Mar 2022 44% | Jun 2022 — | Sep 2022 47% | Dec 2022 — | Mar 2023 42% | Jun 2023 — | Sep 2023 42% | Dec 2023 47% | Mar 2024 40% | Jun 2024 48% | Sep 2024 40% | Dec 2024 48% | Mar 2025 35% | Jun 2025 42% | Sep 2025 36% | Dec 2025 46% | Mar 2026 35%
- BAJAJELEC: Jun 2021 — | Sep 2021 15% | Dec 2021 — | Mar 2022 12% | Jun 2022 — | Sep 2022 15% | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 9.9% | Dec 2023 16% | Mar 2024 7.9% | Jun 2024 12% | Sep 2024 6.9% | Dec 2024 12% | Mar 2025 9.5% | Jun 2025 11% | Sep 2025 7.7% | Dec 2025 5.4% | Mar 2026 2.0%
- STOVEKRAFT: Jun 2021 — | Sep 2021 30% | Dec 2021 — | Mar 2022 19% | Jun 2022 — | Sep 2022 17% | Dec 2022 — | Mar 2023 14% | Jun 2023 — | Sep 2023 10% | Dec 2023 12% | Mar 2024 12% | Jun 2024 14% | Sep 2024 12% | Dec 2024 14% | Mar 2025 12% | Jun 2025 14% | Sep 2025 15% | Dec 2025 13% | Mar 2026 14%
- BUTTERFLY: Jun 2021 — | Sep 2021 31% | Dec 2021 — | Mar 2022 17% | Jun 2022 — | Sep 2022 19% | Dec 2022 — | Mar 2023 27% | Jun 2023 — | Sep 2023 18% | Dec 2023 13% | Mar 2024 3.1% | Jun 2024 0.0% | Sep 2024 -2.1% | Dec 2024 3.7% | Mar 2025 13% | Jun 2025 17% | Sep 2025 15% | Dec 2025 18% | Mar 2026 15%

### 20-quarter ROCE change history
- TTKPRESTIG: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −2.1 pp | Dec 2022 — | Mar 2023 −6.5 pp | Jun 2023 — | Sep 2023 −8.8 pp | Dec 2023 — | Mar 2024 −3.9 pp | Jun 2024 — | Sep 2024 −0.7 pp | Dec 2024 −1.7 pp | Mar 2025 −1.6 pp | Jun 2025 −6.2 pp | Sep 2025 −1.4 pp | Dec 2025 −6.7 pp | Mar 2026 0.0 pp
- IFBIND: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −8.4 pp | Dec 2022 — | Mar 2023 +10.6 pp | Jun 2023 — | Sep 2023 +3.6 pp | Dec 2023 — | Mar 2024 +5.4 pp | Jun 2024 — | Sep 2024 +9.6 pp | Dec 2024 +3.4 pp | Mar 2025 +4.8 pp | Jun 2025 +1.3 pp | Sep 2025 +0.7 pp | Dec 2025 +3.2 pp | Mar 2026 +1.2 pp
- HAWKINCOOK: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −10.7 pp | Dec 2022 — | Mar 2023 −2.7 pp | Jun 2023 — | Sep 2023 −4.8 pp | Dec 2023 — | Mar 2024 −1.9 pp | Jun 2024 — | Sep 2024 −1.9 pp | Dec 2024 +1.3 pp | Mar 2025 −4.4 pp | Jun 2025 −5.6 pp | Sep 2025 −4.4 pp | Dec 2025 −2.3 pp | Mar 2026 −0.1 pp
- BAJAJELEC: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +0.7 pp | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 −5.4 pp | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 −3.0 pp | Dec 2024 −4.5 pp | Mar 2025 +1.6 pp | Jun 2025 −0.7 pp | Sep 2025 +0.8 pp | Dec 2025 −6.3 pp | Mar 2026 −7.5 pp
- STOVEKRAFT: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −13.0 pp | Dec 2022 — | Mar 2023 −4.6 pp | Jun 2023 — | Sep 2023 −6.7 pp | Dec 2023 — | Mar 2024 −1.7 pp | Jun 2024 — | Sep 2024 +2.0 pp | Dec 2024 +2.0 pp | Mar 2025 +0.1 pp | Jun 2025 −0.2 pp | Sep 2025 +3.0 pp | Dec 2025 −1.0 pp | Mar 2026 +1.6 pp
- BUTTERFLY: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −12.4 pp | Dec 2022 — | Mar 2023 +10.5 pp | Jun 2023 — | Sep 2023 −0.5 pp | Dec 2023 — | Mar 2024 −24.0 pp | Jun 2024 — | Sep 2024 −20.1 pp | Dec 2024 −9.7 pp | Mar 2025 +9.6 pp | Jun 2025 +17.1 pp | Sep 2025 +16.7 pp | Dec 2025 +14.1 pp | Mar 2026 +2.2 pp

## Valuation Against Growth & Quality

What the numbers say: Stove Kraft Ltd has the lowest comparable Guarded PEG at 0.72×, 62.3% below IFB Industries Ltd. Only 4 of 6 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

Evidence: Stove Kraft Ltd · 0.72× | 62.3% versus #2 · IFB Industries Ltd | 0/8 recent comparable periods | 4/6 companies · 30 observations

Definition: PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data sources reconciled. A missing PEG is more honest than a low-base fiction.

### Guarded PEG — lowest PEG
1. Stove Kraft Ltd (STOVEKRAFT): 0.7
2. IFB Industries Ltd (IFBIND): 1.9
3. Hawkins Cookers Ltd (HAWKINCOOK): 3.2
4. TTK Prestige Ltd (TTKPRESTIG): 5.3

### P/E — lowest P/E
1. Stove Kraft Ltd (STOVEKRAFT): 31.5
2. Butterfly Gandhimathi Appliances Ltd (BUTTERFLY): 32.6
3. Hawkins Cookers Ltd (HAWKINCOOK): 35.1
4. IFB Industries Ltd (IFBIND): 36.6
5. TTK Prestige Ltd (TTKPRESTIG): 50.9

### 20-quarter Guarded PEG history
- TTKPRESTIG: Jun 2021 2.8 | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 1.1 | Sep 2022 1.5 | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 5.3 | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 —
- IFBIND: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 0.8 | Jun 2025 — | Sep 2025 3.0 | Dec 2025 1.8 | Mar 2026 1.9
- HAWKINCOOK: Jun 2021 3.4 | Sep 2021 0.9 | Dec 2021 0.8 | Mar 2022 1.0 | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 4.4 | Jun 2023 2.8 | Sep 2023 — | Dec 2023 — | Mar 2024 5.9 | Jun 2024 2.4 | Sep 2024 1.7 | Dec 2024 2.6 | Mar 2025 2.1 | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 3.2
- BAJAJELEC: Jun 2021 — | Sep 2021 4.9 | Dec 2021 — | Mar 2022 1.8 | Jun 2022 — | Sep 2022 — | Dec 2022 2.4 | Mar 2023 1.5 | Jun 2023 1.1 | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 —
- STOVEKRAFT: Jun 2021 — | Sep 2021 2.0 | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 1.2 | Mar 2025 — | Jun 2025 0.9 | Sep 2025 1.4 | Dec 2025 0.7 | Mar 2026 —

### 20-quarter P/E history
- TTKPRESTIG: Jun 2021 53.5 | Sep 2021 48.0 | Dec 2021 46.5 | Mar 2022 39.3 | Jun 2022 37.0 | Sep 2022 40.6 | Dec 2022 36.1 | Mar 2023 35.3 | Jun 2023 40.9 | Sep 2023 43.6 | Dec 2023 45.8 | Mar 2024 40.6 | Jun 2024 47.7 | Sep 2024 53.6 | Dec 2024 51.8 | Mar 2025 38.6 | Jun 2025 51.9 | Sep 2025 57.9 | Dec 2025 53.0 | Mar 2026 39.3
- IFBIND: Jun 2021 67.9 | Sep 2021 74.2 | Dec 2021 76.4 | Mar 2022 73.0 | Jun 2022 -727.6 | Sep 2022 -676.4 | Dec 2022 — | Mar 2023 — | Jun 2023 220.2 | Sep 2023 294.2 | Dec 2023 373.7 | Mar 2024 214.8 | Jun 2024 131.8 | Sep 2024 82.6 | Dec 2024 77.7 | Mar 2025 48.1 | Jun 2025 52.9 | Sep 2025 64.6 | Dec 2025 51.3 | Mar 2026 29.6
- HAWKINCOOK: Jun 2021 38.4 | Sep 2021 35.9 | Dec 2021 35.3 | Mar 2022 32.2 | Jun 2022 31.6 | Sep 2022 33.9 | Dec 2022 35.1 | Mar 2023 34.9 | Jun 2023 35.7 | Sep 2023 39.6 | Dec 2023 41.4 | Mar 2024 32.6 | Jun 2024 37.9 | Sep 2024 40.3 | Dec 2024 42.4 | Mar 2025 33.3 | Jun 2025 37.5 | Sep 2025 40.1 | Dec 2025 38.9 | Mar 2026 31.9
- BAJAJELEC: Jun 2021 65.8 | Sep 2021 82.9 | Dec 2021 68.9 | Mar 2022 71.9 | Jun 2022 70.3 | Sep 2022 62.5 | Dec 2022 64.0 | Mar 2023 53.5 | Jun 2023 61.5 | Sep 2023 59.6 | Dec 2023 61.7 | Mar 2024 65.5 | Jun 2024 89.5 | Sep 2024 89.4 | Dec 2024 81.1 | Mar 2025 60.4 | Jun 2025 67.6 | Sep 2025 65.6 | Dec 2025 60.2 | Mar 2026 107.7
- STOVEKRAFT: Jun 2021 29.6 | Sep 2021 38.1 | Dec 2021 38.9 | Mar 2022 25.3 | Jun 2022 20.3 | Sep 2022 26.0 | Dec 2022 20.3 | Mar 2023 15.0 | Jun 2023 17.4 | Sep 2023 21.9 | Dec 2023 18.0 | Mar 2024 16.8 | Jun 2024 23.8 | Sep 2024 35.9 | Dec 2024 34.0 | Mar 2025 28.2 | Jun 2025 23.5 | Sep 2025 26.8 | Dec 2025 23.1 | Mar 2026 19.1
- BUTTERFLY: Jun 2021 34.5 | Sep 2021 37.1 | Dec 2021 38.1 | Mar 2022 55.7 | Jun 2022 95.9 | Sep 2022 86.1 | Dec 2022 80.8 | Mar 2023 58.0 | Jun 2023 39.3 | Sep 2023 42.6 | Dec 2023 43.6 | Mar 2024 47.5 | Jun 2024 195.8 | Sep 2024 192.4 | Dec 2024 382.3 | Mar 2025 182.4 | Jun 2025 40.5 | Sep 2025 34.1 | Dec 2025 29.0 | Mar 2026 24.6

## Enterprise Value & Book Value

What the numbers say: IFB Industries Ltd leads ev/ebitda at 12×; Bajaj Electricals Ltd leads p/bv at 2.38×.

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.

Evidence: IFB Industries Ltd · 12× | 7% versus #2 · Butterfly Gandhimathi Appliances Ltd | 0/8 recent comparable periods | 6/6 companies · 120 observations

Definition: EV/EBITDA includes debt in enterprise value and is useful across different capital structures. P/BV prices the company against its own book. Both are market multiples on reported figures, not intrinsic-value estimates and not forecasts.

### EV/EBITDA — lowest EV/EBITDA
1. IFB Industries Ltd (IFBIND): 12.0
2. Butterfly Gandhimathi Appliances Ltd (BUTTERFLY): 12.9
3. Stove Kraft Ltd (STOVEKRAFT): 13.8
4. Bajaj Electricals Ltd (BAJAJELEC): 15.9
5. TTK Prestige Ltd (TTKPRESTIG): 17.4

### P/BV — lowest P/BV
1. Bajaj Electricals Ltd (BAJAJELEC): 2.4
2. Butterfly Gandhimathi Appliances Ltd (BUTTERFLY): 3.7
3. TTK Prestige Ltd (TTKPRESTIG): 4.4
4. IFB Industries Ltd (IFBIND): 5.3
5. Stove Kraft Ltd (STOVEKRAFT): 8.4

### 20-quarter EV/EBITDA history
- TTKPRESTIG: Jun 2021 34.0 | Sep 2021 31.5 | Dec 2021 30.7 | Mar 2022 26.0 | Jun 2022 24.3 | Sep 2022 26.1 | Dec 2022 22.9 | Mar 2023 21.8 | Jun 2023 24.9 | Sep 2023 26.0 | Dec 2023 26.5 | Mar 2024 23.3 | Jun 2024 27.6 | Sep 2024 30.2 | Dec 2024 29.0 | Mar 2025 21.3 | Jun 2025 24.3 | Sep 2025 26.4 | Dec 2025 24.6 | Mar 2026 17.4
- IFBIND: Jun 2021 19.5 | Sep 2021 21.8 | Dec 2021 21.3 | Mar 2022 29.4 | Jun 2022 50.5 | Sep 2022 27.7 | Dec 2022 27.4 | Mar 2023 23.0 | Jun 2023 19.4 | Sep 2023 21.5 | Dec 2023 22.6 | Mar 2024 30.2 | Jun 2024 30.6 | Sep 2024 27.0 | Dec 2024 27.2 | Mar 2025 17.8 | Jun 2025 19.9 | Sep 2025 23.2 | Dec 2025 19.8 | Mar 2026 12.0
- HAWKINCOOK: Jun 2021 26.2 | Sep 2021 23.6 | Dec 2021 23.8 | Mar 2022 21.5 | Jun 2022 20.1 | Sep 2022 22.7 | Dec 2022 23.7 | Mar 2023 23.4 | Jun 2023 24.1 | Sep 2023 26.5 | Dec 2023 27.6 | Mar 2024 21.6 | Jun 2024 25.6 | Sep 2024 26.7 | Dec 2024 28.3 | Mar 2025 22.1 | Jun 2025 24.7 | Sep 2025 26.4 | Dec 2025 25.5 | Mar 2026 20.9
- BAJAJELEC: Jun 2021 32.2 | Sep 2021 40.5 | Dec 2021 35.3 | Mar 2022 34.0 | Jun 2022 32.0 | Sep 2022 32.3 | Dec 2022 32.8 | Mar 2023 28.0 | Jun 2023 31.4 | Sep 2023 28.7 | Dec 2023 28.0 | Mar 2024 26.9 | Jun 2024 34.4 | Sep 2024 32.6 | Dec 2024 27.4 | Mar 2025 19.9 | Jun 2025 21.6 | Sep 2025 18.9 | Dec 2025 16.7 | Mar 2026 15.9
- STOVEKRAFT: Jun 2021 61.8 | Sep 2021 27.1 | Dec 2021 27.9 | Mar 2022 18.2 | Jun 2022 14.6 | Sep 2022 18.7 | Dec 2022 14.6 | Mar 2023 10.9 | Jun 2023 12.6 | Sep 2023 15.8 | Dec 2023 13.1 | Mar 2024 12.2 | Jun 2024 17.2 | Sep 2024 25.9 | Dec 2024 24.6 | Mar 2025 20.4 | Jun 2025 17.0 | Sep 2025 19.4 | Dec 2025 16.8 | Mar 2026 13.8
- BUTTERFLY: Jun 2021 17.6 | Sep 2021 18.4 | Dec 2021 19.5 | Mar 2022 27.6 | Jun 2022 32.9 | Sep 2022 38.1 | Dec 2022 36.0 | Mar 2023 28.4 | Jun 2023 19.1 | Sep 2023 22.6 | Dec 2023 22.5 | Mar 2024 21.7 | Jun 2024 47.3 | Sep 2024 78.2 | Dec 2024 68.5 | Mar 2025 30.6 | Jun 2025 17.7 | Sep 2025 16.4 | Dec 2025 14.7 | Mar 2026 12.9

### 20-quarter P/BV history
- TTKPRESTIG: Jun 2021 8.1 | Sep 2021 8.2 | Dec 2021 8.6 | Mar 2022 7.4 | Jun 2022 7.5 | Sep 2022 7.4 | Dec 2022 6.2 | Mar 2023 5.6 | Jun 2023 6.0 | Sep 2023 5.6 | Dec 2023 5.2 | Mar 2024 4.8 | Jun 2024 5.6 | Sep 2024 5.7 | Dec 2024 5.9 | Mar 2025 4.4 | Jun 2025 4.2 | Sep 2025 4.6 | Dec 2025 4.5 | Mar 2026 3.2
- IFBIND: Jun 2021 6.6 | Sep 2021 7.1 | Dec 2021 6.7 | Mar 2022 5.8 | Jun 2022 5.1 | Sep 2022 5.5 | Dec 2022 5.4 | Mar 2023 4.6 | Jun 2023 5.1 | Sep 2023 5.5 | Dec 2023 5.5 | Mar 2024 8.9 | Jun 2024 9.9 | Sep 2024 10.2 | Dec 2024 9.7 | Mar 2025 6.8 | Jun 2025 8.8 | Sep 2025 8.2 | Dec 2025 7.1 | Mar 2026 4.2
- HAWKINCOOK: Jun 2021 22.2 | Sep 2021 18.5 | Dec 2021 18.7 | Mar 2022 16.1 | Jun 2022 14.9 | Sep 2022 12.9 | Dec 2022 14.1 | Mar 2023 15.3 | Jun 2023 15.9 | Sep 2023 13.3 | Dec 2023 14.4 | Mar 2024 11.5 | Jun 2024 15.1 | Sep 2024 13.8 | Dec 2024 14.6 | Mar 2025 11.6 | Jun 2025 12.9 | Sep 2025 12.1 | Dec 2025 11.8 | Mar 2026 10.8
- BAJAJELEC: Jun 2021 8.1 | Sep 2021 9.8 | Dec 2021 8.6 | Mar 2022 7.0 | Jun 2022 6.1 | Sep 2022 7.1 | Dec 2022 7.2 | Mar 2023 6.4 | Jun 2023 7.8 | Sep 2023 6.7 | Dec 2023 8.4 | Mar 2024 7.8 | Jun 2024 6.4 | Sep 2024 7.8 | Dec 2024 6.0 | Mar 2025 4.3 | Jun 2025 5.5 | Sep 2025 3.6 | Dec 2025 3.2 | Mar 2026 2.4
- STOVEKRAFT: Jun 2021 6.5 | Sep 2021 10.3 | Dec 2021 10.5 | Mar 2022 6.8 | Jun 2022 5.5 | Sep 2022 7.0 | Dec 2022 5.5 | Mar 2023 4.0 | Jun 2023 4.7 | Sep 2023 5.9 | Dec 2023 4.9 | Mar 2024 4.5 | Jun 2024 6.4 | Sep 2024 9.7 | Dec 2024 9.2 | Mar 2025 7.6 | Jun 2025 6.3 | Sep 2025 7.2 | Dec 2025 6.2 | Mar 2026 5.2
- BUTTERFLY: Jun 2021 6.5 | Sep 2021 7.6 | Dec 2021 8.2 | Mar 2022 9.9 | Jun 2022 8.3 | Sep 2022 11.1 | Dec 2022 10.3 | Mar 2023 9.2 | Jun 2023 7.1 | Sep 2023 7.9 | Dec 2023 5.9 | Mar 2024 4.3 | Jun 2024 5.3 | Sep 2024 6.2 | Dec 2024 4.6 | Mar 2025 3.5 | Jun 2025 4.5 | Sep 2025 3.8 | Dec 2025 3.4 | Mar 2026 3.1

## Market action

Stove Kraft Ltd has the strongest one-year price move in Domestic Appliances at +25.6%. It also leads on Mansfield relative strength against NIFTY at +27.9%. 4 of 6 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-24.

### Strongest one-year price performers
1. Stove Kraft Ltd (STOVEKRAFT): 26%
2. Butterfly Gandhimathi Appliances Ltd (BUTTERFLY): 2.2%
3. TTK Prestige Ltd (TTKPRESTIG): 1.0%
4. Hawkins Cookers Ltd (HAWKINCOOK): -9.6%
5. IFB Industries Ltd (IFBIND): -10%

### Strongest relative strength versus NIFTY 500
1. Stove Kraft Ltd (STOVEKRAFT): 28%
2. Butterfly Gandhimathi Appliances Ltd (BUTTERFLY): 15%
3. TTK Prestige Ltd (TTKPRESTIG): 10%
4. Hawkins Cookers Ltd (HAWKINCOOK): 8.4%
5. IFB Industries Ltd (IFBIND): -4.3%

## What can make this comparison misleading?
- A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
- A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
- The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
- An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
- 1 company draws at least one figure from a second data feed with too little overlapping history to cross-check against the primary source; it is marked unverified wherever that figure appears.
- Thin comparisons: Capital expenditure have fewer than three usable current readings.

## Every company
- TTK Prestige Ltd (TTKPRESTIG) — market value ₹8.8K Cr; latest fundamentals Mar 2026
- IFB Industries Ltd (IFBIND) — market value ₹5.3K Cr; latest fundamentals Mar 2026
- Hawkins Cookers Ltd (HAWKINCOOK) — market value ₹4.6K Cr; latest fundamentals Mar 2026
- Bajaj Electricals Ltd (BAJAJELEC) — market value ₹3.8K Cr; latest fundamentals Mar 2026
- Stove Kraft Ltd (STOVEKRAFT) — market value ₹2.6K Cr; latest fundamentals Mar 2026
- Butterfly Gandhimathi Appliances Ltd (BUTTERFLY) — market value ₹1.4K Cr; latest fundamentals Mar 2026; includes UNVERIFIED second-feed figures

## Source standing of each company

Cross-checked: 5. Unverified: 1. Withheld: 0. Graded companies: 6.

1 of 6 companies draws at least one figure from a second data feed that could not be cross-checked against the primary source, because the two do not share enough reported history to compare. Those figures are marked unverified wherever they appear.

- UNVERIFIED | BUTTERFLY | Butterfly Gandhimathi Appliances Ltd | too little overlapping reported history to cross-check the second feed

## Methodology and freshness

Fundamentals through Mar 2026; prices through 2026-07-24.
Up to 20 quarters per company. Reported history is normalized to Indian rupees crore. Missing values are not interpolated. Derived metrics are calculated only when their inputs are comparable.

## Frequently asked questions

### What is the Nifty Domestic Appliances index?

The Nifty Domestic Appliances index tracks India's listed Domestic Appliances companies as a single basket. This page follows the same 6 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the Domestic Appliances sector rather than to its largest constituent. Figures are as of Mar 2026.

### Which are the best Domestic Appliances stocks in India?

Ranked by this page's four-factor score, Butterfly Gandhimathi Appliances Ltd places first among 6 listed Domestic Appliances companies, followed by Hawkins Cookers Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Mar 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.

### How many Domestic Appliances stocks are listed in India?

This comparison covers 6 listed Domestic Appliances companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Mar 2026.

### Which Domestic Appliances company is the biggest?

IFB Industries Ltd is the largest, with trailing-twelve-month revenue of ₹5,619 crore, ahead of Bajaj Electricals Ltd at ₹4,463 crore. That covers 6 of 6 companies with comparable reporting through Mar 2026.

### Which Domestic Appliances company is growing fastest?

Hawkins Cookers Ltd has the fastest revenue growth at 12.1% year on year, across 6 of 6 comparable companies. Fast growth off a small base is not the same as proven scale — check whether the rate holds across several quarters on the chart above before treating it as a trend.

### Which Domestic Appliances company has the best profit margins?

Hawkins Cookers Ltd has the highest operating margin at 15%, from 6 of 6 comparable companies. IFB Industries Ltd shows the biggest recent improvement, at +1 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

### Which Domestic Appliances company makes the most profit?

TTK Prestige Ltd earns the most, at ₹157 crore of trailing-twelve-month net profit, from 6 of 6 comparable companies. Butterfly Gandhimathi Appliances Ltd has the fastest profit growth at 36.4%, though growth off a small or recovering profit base overstates how much has actually changed.

### Which Domestic Appliances company earns the highest return on capital?

Hawkins Cookers Ltd leads on return on capital employed at 40.9%, across 6 of 6 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

### Which Domestic Appliances stock is the cheapest?

On guarded PEG — where a LOWER number is cheaper — Stove Kraft Ltd screens cheapest at 0.72×. Only 4 of 6 companies pass the comparability guard, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

### Which Domestic Appliances company has the strongest balance sheet?

Butterfly Gandhimathi Appliances Ltd carries the lowest comparable gross debt at ₹8 crore, from 6 of 6 companies. Absolute rupee debt alone does not settle it, because company scale differs — net debt and debt-to-equity in the chart above carry more information, and a very low-debt balance sheet can also mean under-investment.

### Is the Domestic Appliances sector beating the market?

Domestic Appliances has underperformed NIFTY 500 by 10.7% over the last 52 weeks and 16.6% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 4 of 6 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

### Which Domestic Appliances stock has the strongest price momentum?

Stove Kraft Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

### Which Domestic Appliances company scores highest for research priority?

Butterfly Gandhimathi Appliances Ltd scores 70.3 out of 100 with 87% evidence confidence, from 24.5 points on growth and earnings, 15.7 on capital efficiency, 13 on valuation and 17.1 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

### How many Domestic Appliances companies does this comparison cover, and over what period?

It compares 6 listed companies over up to 20 reported quarters of fundamentals and 10 fiscal years of capital allocation, ending Mar 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

### What is the total market cap of the Domestic Appliances sector?

The 6 Domestic Appliances companies on this page carry ₹26,418 crore of combined market value. TTK Prestige Ltd is the largest at ₹8,812 crore, about 33% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-29.

### What is the Domestic Appliances sector's P/E ratio?

The median price-to-earnings ratio across the 6 Domestic Appliances companies on this page is 35.1×, measured on the 5 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-07-29.

### How is the Domestic Appliances sector performing?

4 of the 6 covered Domestic Appliances companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 10.7% behind NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-07-29.

### Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

### Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.

Narrative sector analysis: https://www.sectoralpha.in/sectors/domestic-appliances