# Stove Kraft share price today (Stove Kraft Ltd, NSE: STOVEKRAFT)

> Stove Kraft share price today: ₹826.85 at the NSE close on 4 November 2026, up 24.1% in a year. Stove Kraft (NSE: STOVEKRAFT) is worth ₹2,738 crore, trades at a P/E of 56.3 and has closed between ₹475.95 and ₹851.35 over the past 52 weeks. > Stove Kraft Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. STOVEKRAFT · Domestic Appliances · data as of 4 November 2026. Page: https://www.sectoralpha.in/stocks/stove-kraft-ltd

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## Key numbers

- Business trend: Mixed, from the last 12 quarters
- Price: ₹826.85 (+24.1% in a year)
- P/E: 56.3× (higher than 73% of the last 5.3 years)
- Revenue (Jun 2026): ₹481 Cr (+41.5% on a year ago)
- Profit (Jun 2026): ₹17.0 Cr (+70.0% on a year ago)
- Operating margin: 11.0% (+1.0 points on a year ago)
- ROCE: 11%, FY26
- ROIC: 13.5%, against a 12.0% cost of capital: +1.5 points

Biggest thing to watch: the P/E is higher than 73% of its own history, so the multiple has already done part of the work. ## What is the Stove Kraft share price today? Stove Kraft Ltd's share price was ₹826.85 at the close on 4 November 2026. It has been rising for 20 weeks. That is 15.4% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹476 and ₹851, and at that close it sat 93% of the way up from that low. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 34 weeks in a row. Over the last 5.7 years the share price moved +85% while the NIFTY 500 moved +76%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Stove Kraft this quarter? One change stood out: highest quarterly revenue in 19 quarters. 1. Highest quarterly revenue in 19 quarters Revenue of ₹481 crore in the June 2026 quarter is the highest of the last 19 quarters. Why: Sales hit a record because induction cooktops sold far more than a year earlier, and pressure cookers and non-stick cookware also grew strongly. From the earnings call on 4 Aug 2026. ## What are Stove Kraft's latest quarterly results? For April to June 2026 (the quarter ended 30 June 2026), Stove Kraft reported revenue of ₹481 crore, up 41.5% from ₹340 crore a year earlier, and a profit of ₹17.0 crore, up 70.0% from ₹10.0 crore. ### Stove Kraft results: April to June 2026 against a year earlier

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹481 crore | ₹340 crore | +41.5% |
| Profit | ₹17.0 crore | ₹10.0 crore | +70.0% |
| Earnings per share | ₹5.15 | ₹3.15 | +63.5% |
| Operating margin | 11.0% | 10.0% | +1.0 points |

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). Stove Kraft's management discussed these results on a call held on 4 August 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.)

## What is the Stove Kraft share price history? Stove Kraft closed at ₹826.85 on 4 November 2026, up 24.1% from ₹666.35 a year earlier (7 November 2025) and down 22.4% over five years. Its highest weekly close since February 2021 was ₹1,095.45 on 14 October 2021. ### Stove Kraft share price: then and now

| When | Close | Change to 4 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 30 Oct 2026 | ₹793.20 | +4.2% |
| 1 month ago · 1 Oct 2026 | ₹809.15 | +2.2% |
| 6 months ago · 8 May 2026 | ₹546.85 | +51.2% |
| 1 year ago · 7 Nov 2025 | ₹666.35 | +24.1% |
| 3 years ago · 3 Nov 2023 | ₹512.00 | +61.5% |
| 5 years ago · 4 Nov 2021 | ₹1,065.35 | −22.4% |
| Earliest weekly close in our records · 5 Feb 2021 | ₹445.95 | +85.4% |
| Highest weekly close since February 2021 · 14 Oct 2021 | ₹1,095.45 | −24.5% |
| Lowest weekly close since February 2021 · 17 Mar 2023 | ₹372.50 | +122.0% |
| 52-week high (weekly close) · 16 Oct 2026 | ₹851.35 | −2.9% |
| 52-week low (weekly close) · 27 Mar 2026 | ₹475.95 | +73.7% |

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (305 weekly closes from 5 February 2021 to 4 November 2026.)

## What is the latest news on Stove Kraft? 4 Nov 2026: Stove Kraft closed at ₹826.85, up 4.2% on the week and up 2.2% on the month. 4 Sep 2026: ex-date for a dividend of ₹3.50 a share. ### Earlier

- 4 Aug 2026: Stove Kraft held its results call for April to June 2026. Management guided: Q2-Q3 demand framed strong around well-spread festivals; 15-20% growth planned consistently across categories, with non-induction near the high-teens. - Results for April to June 2026: Revenue up 41.5% and profit up 70.0% on a year earlier. ## What dividend does Stove Kraft pay? Stove Kraft paid ₹3.50 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 0.42% at the ₹826.85 close on 4 November 2026. The last was a dividend of ₹3.50 a share, ex-date 4 September 2026. ### Stove Kraft dividends since 1 April 2021

| Ex-date | Dividend per share | Type |
| --- | --- | --- |
| 4 Sep 2026 | ₹3.50 | Dividend |
| 19 Sep 2025 | ₹3 | Dividend |
| 13 Sep 2024 | ₹2.50 | Dividend |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here. 2 of 5 Of the last 5 financial years, years with an NSE dividend record

Yes. Stove Kraft Ltd paid out 28% of its profit as dividends in FY26, and it paid a dividend in 3 of its last 13 reported years. (From the NSE corporate-actions record, read 5 November 2026.)

## What did Stove Kraft management say on the latest results call? On the call for April to June 2026, held on 4 August 2026, Stove Kraft's management guided: Q2-Q3 demand framed strong around well-spread festivals; 15-20% growth planned consistently across categories, with non-induction near the high-teens. > “It should not be surprising for us to grow at 15% plus, in the range of 15-20%. I do not see a challenge there.”
> Rajendra Gandhi, on the call for April to June 2026

### What management guided

- Induction cooktops planned at least 20% of FY27 revenue, with annual revenue at 2x last year's level. - Exports to reach 15% of revenue over the next 2 years, including IKEA and other global customers. - Over 2-3 years, gross margin to settle at 40-42% with at least 1% annual improvement; operating margin to reach 14-15% and profit margin 7-8%. - Standalone kitchen-exclusive outlets to reach 500 by end-2027. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijorifinance.com/insight/india/6837/Conference Call/CC-Aug26.pdf). (From the call for April to June 2026, 4 August 2026.)

## What is the future of Stove Kraft? What is changing in the business? The changes showing up in Stove Kraft's own numbers are a bigger market to serve. It is too early to say whether they last. A bigger market to serve too early to call

The market for what Stove Kraft supplies grew suddenly. Induction cooktop sales grew 89.4% in value in the March 2026 quarter and 315.9% in the June 2026 quarter. Revenue rose from 313 to 415 crore (+32.6%) and from 340 to 481 crore (+41.5%) in those two quarters against a year earlier. Why it may last: The tax cut is permanent, but the induction surge was set off by a cooking-gas shock and management's 'structural' label comes only one quarter later. It is decided by whether induction stays at least 20% of FY27 revenue (management's own floor) once gas supply is normal. What could be flattering it: A one-time scramble for induction cooktops during a cooking-gas shock, plus raw-material price rises passed on to customers, so sales rise but the demand fades once gas supply normalises. Next check: Revenue for the September 2026 quarter grows at least 15% over 474 crore with gross margin at or above 38.5%, and management gives induction's share of revenue still at or above 20%. Quarter by quarter, 4 quarters

July to September 2025

The tax cut was announced; management called it a lasting tailwind but said it cost ₹15-20 crore of demand in the quarter as the channel waited. Revenue still rose from 418 to 474 crore. ✓ fact

From our notes of the call for July to September 2025: GST rate reduction on cookware and pressure cookers (35% of portfolio) from 12% to 5% is a structural tailwind. October to December 2025

Revenue fell from 404 to 378 crore; domestic sales fell 2.5% because Diwali fell in the earlier quarter, and exports collapsed. The wider-market push was not visible in this quarter's total. ✓ fact

From our notes of the call for October to December 2025: Domestic growth 10.3% for 9M; Q3 -2.5% (Diwali calendar shift impact. January to March 2026

Induction cooktops became 15.5% of revenue, with value up 89.4% and volume up 67.3%. Revenue rose from 313 to 415 crore while gross margin held at 38.64% against 38.59%. ✓ fact

From our notes of the call for January to March 2026: 15.5% of consolidated Q4 revenue with 89.4% value growth and 67.3% volume growth on a year earlier. April to June 2026

Induction grew 315.9%; management says demand stays above pre-war levels. Revenue rose from 340 to 481 crore and gross margin rose from 38.33% to 39.61%, so this is not cost pass-through. ✓ fact

From our notes of the call for April to June 2026: Induction cooktops grew 315.9% on a year earlier; demand remained above pre-war levels, described as structural rather than temporary. We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown. (Checked against results and calls up to April to June 2026, 10 October 2026.)

## What could change the Stove Kraft story? What are the risks? A failure of quarterly operating profit margin to remain near or above the 9.5% normalized level combined with IKEA revenue contribution remaining below 25 Cr for full-year FY27, indicating that operating leverage and export diversification are not offsetting domestic category normalization. ### Each change stops working if

- IKEA Partnership Global Supply Ramp & Capital spending Definition Reconciliation: IKEA product certification, customer off-take, or line ramp falls short of the stated schedule. - Operating Leverage via 97-98% In-House Integration: Volume throughput weakens materially or input-cost inflation cannot be passed through. - GST Rate Reduction & Induction Category Mainstreaming: Crystalline-glass supply disruption constrains output or category demand normalizes sharply. - Cookware Premiumization to Stainless Steel & Tri-Ply: Consumer demand shifts back toward lower-ASP aluminium cookware. ### The main risks

- China Sourcing Vulnerability for Crystalline Glass: Crystalline glass is cited as 33-40% of induction-cooktop cost and has no domestic production alternative. ⚠ estimate
- Management Guidance Consistency and Execution Slippage: Prior margin, export and IKEA milestones were revised or delayed, making the new multi-year margin and IKEA goals execution-dependent. ⚠ estimate
- Export Market Tariff and Customer Demand Instability: October to December 2025 export revenue fell 40% on a year earlier to 40 Cr amid tariff uncertainty and customer inventory effects. ⚠ estimate
- Franchise Store Economics in Non-South Expansion: Retail expansion toward 500 stores could reduce average store productivity if newer regions lag the established base. ⚠ estimate

(Our read after the April to June 2026 results, written 22 August 2026.)

## What to watch in Stove Kraft's next results? When Stove Kraft reports July to September 2026, these are the 5 checks that show whether the story is still on course. First: Revenue for the September 2026 quarter grows at least 15% over 474 crore with gross margin at or above 38.5%, and management gives induction's share of revenue still at or above 20%. | What to check | Why |
| --- | --- |
| Revenue for the September 2026 quarter grows at least 15% over 474 crore with gross margin at or above 38.5%, and management gives induction's share of revenue still at or above 20%. | A bigger market to serve |
| Induction demand normalization after the initial spike - check category contribution and growth in the next print. | From the call |
| IKEA billing after launch - check first reported contribution and whether global-market supplies broaden export mix. | From the call |
| Festive inventory unwind without cash-conversion deterioration - check working-capital days and receivables after peak-season stocking. | From the call |
| Tri-ply production milestones to land as described - check commercial output and the domestic automated pressure-cooker line. | From the call |

## Which stock lists is Stove Kraft on? Stove Kraft is on 2 of our India lists: Multibagger study list and Momentum stocks. - [Multibagger study list Study stage: middle](https://www.sectoralpha.in/multibagger-stocks-india)
- [Momentum stocks Market cap cr: 2737.4030509329295](https://www.sectoralpha.in/momentum-stocks-india)

## Is Stove Kraft profitable? Stove Kraft Ltd earned ₹17.0 Cr of net profit in the Jun 2026 quarter, +70.0% on the same quarter a year earlier. That is the 2nd quarter in a row of profit growth. Full-year FY26 profit was ₹42.0 Cr. That is 3.5% of the quarter's revenue. The same quarter a year earlier earned ₹10.0 Cr. For the full year, FY26 profit was ₹42.0 Cr (+7.7% on the year before). Why profit moved: revenue changed +41.5% on a year earlier and the margin moved +1.0 percentage points. Sales did the work, and the margin was about flat. On average over the last four quarters, profit changed +131.7% and revenue +20.3%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit. ## How much revenue does Stove Kraft make, and is it growing? Stove Kraft Ltd reported ₹481 Cr of revenue in the Jun 2026 quarter, +41.5% on the same quarter a year earlier. That is the 2nd quarter in a row with growth on the year before. Over 10 years it has grown 17.1% a year on average. The last full year, FY26, came in at ₹1,605 Cr. Why this happened. The November call described a GST rate reduction on cookware and pressure cookers, representing 35% of portfolio, from 12% to 5%. The August call reported induction cooktop growth of 315.9% YoY and management planned at least 20% of FY27 revenue from induction. China-sourced crystalline glass remains a supply constraint. The last four reported quarters add to ₹1,748 Cr. FY26 revenue was ₹1,605 Cr, +10.8% on the year before. Recent pace: the last four quarters grew +20.3% on average, against 17.1% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +18.5%, against +12.5% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +20.0%, against +17.1% a year (stabilising). ## How much of every ₹100 of sales does Stove Kraft keep? Stove Kraft Ltd's operating margin was 11.0% in the Jun 2026 quarter, 1.0 percentage points higher than the same quarter a year ago. Across 13 years it has been between −6.0% and 13.0%. The latest quarter is within that range. Why this happened. Stove Kraft states that 97-98% of production is in-house across cookware, induction cooktops and small appliances. Management estimated existing-footprint peak revenue of 2,500-3,000 Cr. Incremental volume can absorb fixed costs, but the current deterministic margin-normalization model still uses 9.5% OPM and does not assume that the recent margin is permanent. Why the margin moved: operating margin changed +0.7 percentage points on the year while gross margin changed +1.3 points. So the gain came mostly from the gross margin, which means input costs and prices charged. ## Is Stove Kraft's profit turning into cash? Over the last 3 years, 436% of Stove Kraft Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹258 Cr of operating cash against ₹42.0 Cr of profit. After ₹28.0 Cr of spending on assets, ₹230 Cr was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 436% of profit came in as cash: the cash cycle got 11 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner. What to look at next: the bigger use of cash is spending on new assets, at 1.9× depreciation over three years. The next section checks what that spending is building. ## Where does Stove Kraft's cash go? Stove Kraft Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 27 days in FY26, down from 38 days in FY21. It spent ₹386 Cr on assets over the last 3 years. Customers take 26 days to pay, and stock sits for 133 days on average. Why this happened. The IKEA facility was capitalized as of March 2026 across three awarded product lines. The August 2026 call states supplies did not start in the reported Q1 and instead started in Q2. Management's May guidance was 40-50 Cr of FY27 revenue and 200-250 Cr annual revenue at full utilization. these are not directly comparable without a definition bridge. At FY26 sales of ₹1,605 Cr, each day of that cycle ties up about ₹4.4 Cr, so roughly ₹119 Cr is tied up in the business at any time. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 133 days. Customers pay about 26 days after that. Suppliers are paid at 133 days. Together that makes the 27-day cycle. Spending on assets: ₹386 Cr over the last 3 years, against ₹200 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹15.0 Cr (FY26): assets paid for that are not earning yet. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Stove Kraft's P/E ratio, and how does it compare with its own history? Stove Kraft Ltd's P/E is 56.3×, near the high end of its own history: higher than 73% of past readings. Its usual P/E (the middle reading) is 47.8×, over 5.3 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved +8.9% while the price moved +24.1%. The price did better than earnings, which pushed the multiple up within its own range. Where the price move came from: over 5 years the price moved −4.9% a year; about −12.5% a year came from earnings growth and about +7.6 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Stove Kraft business getting better or worse? Stove Kraft Ltd's business is giving mixed signals. There is no clear direction across the growth lines, with ROCE steady at 13.7%; each line tells part of the story. This is based on 12 quarters of 4 measures. Why it matters: when the lines disagree, each line above matters more than any single label. ## What is the Stove Kraft story, and has it been checked? Stove Kraft Ltd's story is not scored yet against the checks our research set on 22 August 2026. Where it sits in its own cycle: MID EXPANSION. Our read, 22 August 2026. What is proven. What is not proven yet. A failure of quarterly operating profit margin to remain near or above the 9.5% normalized level combined with IKEA revenue contribution remaining below 25 Cr for full-year FY27, indicating that operating leverage and export diversification are not offsetting domestic category normalization. What would change our mind. A failure of quarterly operating profit margin to remain near or above the 9.5% normalized level combined with IKEA revenue contribution remaining below 25 Cr for full-year FY27, indicating that operating leverage and export diversification are not offsetting domestic category normalization. The test written in advance. A failure of quarterly operating profit margin to remain near or above the 9.5% normalized level combined with IKEA revenue contribution remaining below 25 Cr for full-year FY27, indicating that operating leverage and export diversification are not offsetting domestic category normalization. Measured by: the thesis as written as stated by the next result. The test written in advance. The test written in advance. China Sourcing Vulnerability for Crystalline Glass. Measured by: China Sourcing Vulnerability for Crystalline Glass Material component-shipping delays or induction-line gross-margin contraction. by the next result. What the company does. the standardized FY26 cash-flow capex cell is 28 Cr, so these measures should not be treated as directly comparable. Q1 FY27 revenue rose 41.47% YoY to 481 Cr and operating profit was 54 Cr; the quarterly-results table reports OPM of 11%. FY26 OCF was 258 Cr and the cash conversion cycle was 27 days, but the improvement included payable-day expansion to 133 days; cash conversion should be monitored rather than extrapolated mechanically. What the surface reading misses. What the surface reading misses. The surface reading is: Q1 operating profit increased with revenue. The research reads it further: The normalized model does not assume the Q1 margin is permanent. Lever 1 · Operating leverage: building. Backward integration provides cost control across an installed footprint management estimates can support 2,500-3,000 Cr of peak revenue. What proves it keeps working: Operating Leverage via 97-98% In-House Integration. It stops working if Volume throughput weakens materially or input-cost inflation cannot be passed through. Lever 2 · Value-added mix: building. Stainless-steel mix and planned tri-ply and automated pressure-cooker lines could improve realization, but the 40-42% gross-margin goal remains guidance. What proves it keeps working: Cookware Premiumization to Stainless Steel & Tri-Ply. It stops working if Consumer demand shifts back toward lower-ASP aluminium cookware. Sources: our stock research file (22 August 2026) · quarterly results through Jun 2026 · the company’s own earnings calls. The story check is re-scored every results season; the record below never changes. ## Did Stove Kraft management deliver what it promised? What Stove Kraft Ltd's management promised, against what actually happened: 4 promises on the record. Read straight from the company’s own earnings calls. A promise that slipped stays on this page after it is met. IKEA Revenue Start Delayed · 4 August 2026. Both the January 2026 and May 2026 calls indicated that IKEA production or revenue recognition would begin in Q1 FY27. In the August 2026 call, management said supplies had not started in the reported quarter and instead began in Q2, representing a one-quarter delay to a repeatedly stated milestone without explaining the slippage. EBITDA Margin Guidance Miss · 13 May 2026. In both the Nov 2025 and Jan 2026 calls, management unambiguously guided at least a 1 percentage point improvement in FY26 EBITDA margins over FY25 levels of approximately 10.4%, implying a goal of roughly 11.4%. The May 2026 call disclosed full-year FY26 EBITDA margin at 10.3%, essentially flat to slightly below FY25 and approximately 110 basis points short of the guided level. Management attributed the shortfall to a one-off forex loss in Q4, a risk that was never flagged in either prior call despite both reconfirming the guidance with explicit confidence. Export 50% Growth Goal Abandoned · 13 May 2026. In the Nov 2025 call, management explicitly maintained a 50% export growth guidance, stating it would be upheld once tariffs stabilized and projecting the same 50% growth rate for FY27. In the May 2026 call, management acknowledges US tariffs have substantially decreased from approximately 50% to 18%, which was the exact stated precondition for maintaining the 50% growth goal. Despite this improvement in the tariff environment, management now only guides for gradual export growth, entirely abandoning the 50% goal without acknowledgment or explanation. Retail Real Estate Strategy Reversal · 13 May 2026. The Nov 2025 call explicitly stated that controlling real estate was a core strategic objective and that the COFO model - where the company owns the lease - was the right and preferred model for all future store additions, with confirmation that all incremental stores were being opened on that basis. The May 2026 call directly contradicts this by stating all future stores will follow FOFO or FOCO formats where the franchise owns the real estate, representing a fundamental and unexplained shift in retail capital allocation strategy and balance sheet composition. Every quote above is taken word for word from the company’s own earnings calls. ## What is Stove Kraft management's track record? Full prior-downturn conduct is incompletely documented. ### Regulatory and governance record

No regulator/court/auditor-backed fraud or proven management lie appears. The named Atomberg fan-design suit is real, but interim relief was refused and no material damages or continuing restriction is established; final suit disposal is not proven. 15.7% Promoter shares pledged

Sources:

- [files.tijorifinance.com](https://files.tijorifinance.com/insight/india/6837/Conference Call/CC-Aug26.pdf)
- [bananaip.com](https://www.bananaip.com/intellepedia/atomberg-v-stove-kraft-design-infringement/)
- [trendlyne.com](https://trendlyne.com/equity/share-holding/409322/STOVEKRAFT/latest/stove-kraft-ltd)

(Checked 14 October 2026.)

## How much does Stove Kraft earn on its capital? Stove Kraft Ltd earned a ROCE of 11% in FY26. That is up from a low of −13% in FY16. Its return on capital used (ROIC) is 1.5 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 2.6% net margin and 1.37× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 2.6% net margin × 1.37× asset turnover × 2.33× leverage (assets divided by equity) ≈ 8.3% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 13.5% − 12.0% = +1.5 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Positive but thin: it creates value with little room for error. The 13.5% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 9.7%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Stove Kraft have too much debt? Stove Kraft Ltd has total debt of ₹117 Cr against shareholder equity of ₹504 Cr as of Jun 2026, so its debt is 0.23× its equity, which is very little. Year by year, that ratio went from 0.43 in FY22 to 0.38 in FY26. So the returns on this page come from the business, not from borrowed money. ## What is the Stove Kraft shareholding pattern? Foreign institutions raised their stake in Stove Kraft Ltd by 2.5 percentage points over 8 quarters, the biggest change among its owners. Foreign institutions now own 4.0% of the company. Domestic institutions moved +1.7 points over the same period, to 7.1%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Foreign institutions: +2.5 points over 8 quarters, to 4.0%; Domestic institutions: +1.7 points over 8 quarters, to 7.1%; Promoters: −0.1 points over 8 quarters, to 55.8%. Why the owners changed: foreign institutions drove it (+2.5 points), together with domestic institutions (+1.7 points). They raised their stake step by step. ## How far is Stove Kraft from balance-sheet trouble? For Stove Kraft Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Stove Kraft rank in its industry? 49.8 out of 100, rank 5 of 6 in Domestic Appliances, with 81% of the evidence available. Stove Kraft Ltd scores 49.8 out of 100 against the 6 companies it is compared with in Domestic Appliances, ranking 5. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 21.6 + 13.2 + 2.5 + 12.5 = 49.8. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Stove Kraft compared with? Stove Kraft ranks 5 of 6 Domestic Appliances companies on the 4-Factor Sector Score, with 49.8 out of 100. 1. [TTK Prestige Ltd](https://www.sectoralpha.in/stocks/ttk-prestige-ltd) TTKPRESTIG · quiet · Evidence leans up · 96% evidence 61.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 30.2/35 · Revenue 16.1% · Profit 100% · Operating margin change 3 points · 88% evidence Capital efficiency 12.2/25 · ROCE 12.1% · Operating margin 10% · 100% evidence Valuation 13.3/20 · P/E 33.8× · PEG 1.46 · 100% evidence Relative strength 5.6/20 · Lead over its industry -0.9% · Lead over NIFTY 500 -4.8% · 1 year -23.7% · 100% evidence · 3 of 12 weeks ahead Exact sum: 30.2 + 12.2 + 13.3 + 5.6 = 61.3 · What this means: Earnings are strong; relative strength in its sector is -0.9% and the one-year return is -23.7%. 2. [Hawkins Cookers Ltd](https://www.sectoralpha.in/stocks/hawkins-cookers-ltd) HAWKINCOOK · basing · Evidence leans up · 81% evidence 57.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.9/35 · Revenue 18% · Profit 18.3% · Operating margin change -2 points · 88% evidence Capital efficiency 19.7/25 · ROCE 40.9% · Operating margin 13% · 100% evidence Valuation 9.8/20 · P/E 29.6× · PEG 2.24 · 100% evidence Relative strength 11.1/20 · Lead over its industry n/a · Lead over NIFTY 500 0.8% · 1 year -13.6% · 25% evidence · 7 of 12 weeks ahead Exact sum: 16.9 + 19.7 + 9.8 + 11.1 = 57.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Butterfly Gandhimathi Appliances Ltd](https://www.sectoralpha.in/stocks/butterfly-gandhimathi-appliances-ltd) BUTTERFLY · basing · Evidence leans up · 100% evidence 54.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.5/35 · Revenue 11.4% · Profit 27.5% · Operating margin change 1 points · 100% evidence Capital efficiency 13.6/25 · ROCE 16.8% · Operating margin 10% · 100% evidence Valuation 18.8/20 · P/E 19.1× · PEG 0.59 · 100% evidence Relative strength 1.3/20 · Lead over its industry -5% · Lead over NIFTY 500 -8.5% · 1 year -25.8% · 100% evidence · 0 of 12 weeks ahead Exact sum: 20.5 + 13.6 + 18.8 + 1.3 = 54.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [IFB Industries Ltd](https://www.sectoralpha.in/stocks/ifb-industries-ltd) IFBIND · quiet · Evidence leans up · 78% evidence 52.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.8/35 · Revenue 14.3% · Profit 16.5% · Operating margin change -2 points · 100% evidence Capital efficiency 13.4/25 · ROCE 19.5% · Operating margin 5% · 100% evidence Valuation 15.7/20 · P/E 26.4× · PEG 0.49 · 65% evidence Relative strength 8.2/20 · Lead over its industry n/a · Lead over NIFTY 500 -15.5% · 1 year -44.9% · 25% evidence · 2 of 12 weeks ahead Exact sum: 14.8 + 13.4 + 15.7 + 8.2 = 52.1 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 5. Stove Kraft Ltd this page STOVEKRAFT · leader · Evidence leans down · 81% evidence 49.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.6/35 · Revenue 18.5% · Profit 20% · Operating margin change 1 points · 88% evidence Capital efficiency 13.2/25 · ROCE 10.9% · Operating margin 11% · 100% evidence Valuation 2.5/20 · P/E 54× · PEG 6.88 · 100% evidence Relative strength 12.5/20 · Lead over its industry n/a · Lead over NIFTY 500 28.6% · 1 year 0.7% · 25% evidence · 11 of 12 weeks ahead Exact sum: 21.6 + 13.2 + 2.5 + 12.5 = 49.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Bajaj Electricals Ltd](https://www.sectoralpha.in/stocks/bajaj-electricals-ltd) BAJAJELEC · quiet · Most evidence points down · 80% evidence 24.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 6.4/35 · Revenue -4.7% · Profit -80% · Operating margin change 1 points · 100% evidence Capital efficiency 3.1/25 · ROCE 2.9% · Operating margin 6% · 100% evidence Valuation 10.0/20 · P/E n/a · PEG n/a · 0% evidence Relative strength 5.2/20 · Lead over its industry -22.1% · Lead over NIFTY 500 -25% · 1 year -48% · 100% evidence · 3 of 12 weeks ahead Exact sum: 6.4 + 3.1 + 10 + 5.2 = 24.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Domestic Appliances](https://www.sectoralpha.in/sectors/domestic-appliances), all 6 compared on one page. ## Which companies are close to Stove Kraft in size? Stove Kraft is the 5th largest of 6 Domestic Appliances companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: TTK Prestige, IFB Industries, Hawkins Cookers and Bajaj Electricals. Just below it: Butterfly Gandhimathi Appliances. ### Domestic Appliances companies close in size

1. [TTK Prestige Ltd](https://www.sectoralpha.in/stocks/ttk-prestige-ltd) ₹6,999 crore
2. [IFB Industries Ltd](https://www.sectoralpha.in/stocks/ifb-industries-ltd) ₹4,181 crore
3. [Hawkins Cookers Ltd](https://www.sectoralpha.in/stocks/hawkins-cookers-ltd) ₹4,017 crore
4. [Bajaj Electricals Ltd](https://www.sectoralpha.in/stocks/bajaj-electricals-ltd) ₹3,085 crore
5. Stove Kraft Ltd ₹2,626 crore
6. [Butterfly Gandhimathi Appliances Ltd](https://www.sectoralpha.in/stocks/butterfly-gandhimathi-appliances-ltd) ₹1,004 crore

[All 6 Domestic Appliances companies, largest first](https://www.sectoralpha.in/sectors/domestic-appliances#all-companies)

### Companies close in size in other industries

1. [The Anup Engineering Ltd](https://www.sectoralpha.in/stocks/the-anup-engineering-ltd) ₹2,630 crore · Capital Goods - Engineering Heavy
2. [Kernex Microsystems (India) Ltd](https://www.sectoralpha.in/stocks/kernex-microsystems-indialtd) ₹2,627 crore · Railways - Kavach/Springs
3. Stove Kraft Ltd ₹2,626 crore
4. [Hubtown Ltd](https://www.sectoralpha.in/stocks/hubtown-ltd) ₹2,613 crore · Realty - Construction & Contracting
5. [Ajmera Realty & Infra India Ltd](https://www.sectoralpha.in/stocks/ajmera-realty-infra-india-ltd) ₹2,609 crore · Realty - Construction & Contracting

## What else do people ask about Stove Kraft? ### What is Stove Kraft's share price today? Stove Kraft Ltd's share price is ₹826.85, +24.1% over the past year. The whole company is worth ₹2,738 Cr on the market. In the last 52 weeks it traded between ₹476 to ₹851; today it is 93% of the way up from the low, 15.4% above its 200-day average (as of 4 November 2026). ### What were Stove Kraft's latest quarterly results? Stove Kraft Ltd reported revenue of ₹481 Cr and net profit of ₹17.0 Cr for the Jun 2026 quarter. Revenue rose 41.5% and profit rose 70.0% compared with a year earlier. Earnings per share were ₹5.15. The operating margin was 11.0%, 1.0 percentage points higher than a year earlier (as of 4 November 2026). ### What is Stove Kraft's market cap? Stove Kraft Ltd's market capitalisation is ₹2,738 Cr at a share price of ₹826.85. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 4 November 2026). ### How is Stove Kraft performing? Stove Kraft Ltd's share price has been rising for 20 weeks. In its latest quarter, revenue rose 41.5% and profit rose 70.0% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 34 weeks running (as of 4 November 2026). ### Will Stove Kraft's share price go up? This page does not forecast Stove Kraft Ltd's share price. What it shows instead: the share price is ₹826.85, and it has been rising for 20 weeks. Its P/E of 56.3× is higher than 73% of its own last 5 years (as of 4 November 2026). ### Who owns Stove Kraft? Promoters own 55.8% of Stove Kraft Ltd, foreign institutions 4.0%, domestic institutions 7.1% and the public 33.0% (latest quarter). The biggest change over the last two years: Foreign institutions raised their stake by 2.5 percentage points over 8 quarters (as of 4 November 2026). ### Where is Stove Kraft in its business cycle? Stove Kraft Ltd's FY26 operating margin was 10.0%, against a 13-year range of −6.0% to 13.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 11.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 4 November 2026). ### What could break the Stove Kraft story? Biggest thing to watch: the P/E is higher than 73% of its own history, so the multiple has already done part of the work. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 4 November 2026). ### Is Stove Kraft a stock worth studying right now? What the numbers show: Stove Kraft Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: the next one or two quarters of results. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 4 November 2026). ### Is there a Stove Kraft share price forecast for 2026? What management itself guided: Q2-Q3 demand framed strong around well-spread festivals; 15-20% growth planned consistently across categories, with non-induction near the high-teens. The changes showing up in Stove Kraft's own numbers are a bigger market to serve. It is too early to say whether they last. What would change the story: A failure of quarterly operating profit margin to remain near or above the 9.5% normalized level combined with IKEA revenue contribution remaining below 25 Cr for full-year FY27, indicating that operating leverage and export diversification are not offsetting domestic category normalization. ### Where does this page get Stove Kraft's management information? From Stove Kraft's results calls, its filings and public records on governance, each dated on the page. Management’s plans are shown as plans, never as results. ## Lists

- Multibagger study list: https://www.sectoralpha.in/multibagger-stocks-india
- Momentum stocks: https://www.sectoralpha.in/momentum-stocks-india

This is research, not advice. We’re not SEBI-registered.