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Swing Capital

Butterfly Gandhimathi Appliances Ltd

NSE: BUTTERFLY BSE: 517421

Incorporated in 1986, Butterfly Gandhimathi Appliances Ltd manufactures and trades a range of domestic kitchen and electrical appliances.[1]

₹689
52W: ₹566 — ₹844
PE 26.4 · Book ₹208 · +231% vs book
Market Cap₹1,233 Cr
Stock P/E26.4Price to Earnings
ROCE18%Return on Capital
ROE13.4%Return on Equity
Div. Yield0%Face Value ₹10

Strengths

  • +Company has reduced debt.
  • +Company is almost debt free.
  • +Debtor days have improved from 30.6 to 23.4 days.

Weaknesses

  • −Stock is trading at 3.30 times its book value
  • −Though the company is reporting repeated profits, it is not paying out dividend
  • −The company has delivered a poor sales growth of 1.82% over past five years.
  • −Company has a low return on equity of 9.06% over last 3 years.
  • −Working capital days have increased from 41.2 days to 71.5 days

Shareholding Pattern

Promoters75%
FIIs0.01%
DIIs0.43%
Public24.56%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters75%75%75%75%75%75%75%75%
FIIs0%0.01%▲0.00%▼0.00.01%▲0.00%▼0.00.04%▲0.00.02%▼0.00.01%▼0.0
DIIs5.09%4.49%▼0.63.55%▼0.92.46%▼1.11.39%▼1.10.43%▼1.00.43%0.43%
Public19.9%20.5%▲0.621.45%▲0.922.52%▲1.123.61%▲1.124.52%▲0.924.54%▲0.024.56%▲0.0

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales238166182258238187187293245218
Expenses236186173235221171175265224199
Operating Profit2-20923171613282020
OPM %1%-12%5%9%7%9%7%9%8%9%
Net Profit-2-20313896171111
EPS ₹-1.21-11.051.417.094.655.053.69.516.026.4

AI Insights

Revenue Trend

Mar 2026 revenue at ₹943Cr, up 9.1% YoY. OPM at 9%.

Debt Position

Borrowings at ₹8Cr. Debt-to-equity ratio: 0.02x. Healthy balance sheet.

Capex Cycle

CWIP at ₹2Cr (1% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 0.43% (-5.90pp change). FIIs: 0.01% (+0.01pp change). Promoters hold 75%.

Margin & Efficiency

ROCE improving from 8% (Mar 2015) to 18% (Mar 2026). Working capital days: 72.

Valuation

PE 26.4x with 18% ROCE. Price is 231% above book value of ₹208. Dividend yield: 0%.

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