NYKAA Cup and hndle pattern Breakout Chart

       

                 Stove Kraft Cup and Handle Pattern 

Technical analysis

• Market Cap                               ₹ 1,913 Cr.
• Current Price                             ₹ 579
• High / Low                                 ₹ 598 / 410
• Stock P/E                                      56.0
• Book Value                              ₹ 133
• Dividend Yield                              0.00 %
• ROCE                                             10.7 %
• ROE                                                8.10 %
• Face Value                               ₹  10.0
• Industry PE                                   81.6
• Promoter holding                        55.9 %
• Pledged percentage                   14.6 %
• Debt to equity                              0.58
• Profit Prev 12M                       ₹ 25.5 Cr.
• EPS                                          ₹ 10.3
• Price to book value                     4.36
• EVEBITDA                                     18.1
• Price to Earning                           56.0
• No. Eq. Shares                             3.31
• Change in Prom Hold                 0.00 %

         

           Daily Time frame chart

• 

 

 About

Mr. Rajendra Gandhi formed StoveKraft Ltd. in 1999. It is the official partner for kitchen appliances under the BLACK + DECKER (premium) brand and produces a broad variety of kitchen solutions under the Pigeon (value) and Gilma (semi-premium) brands. Cookware and culinary appliances make up the products, while numerous domestic utilities, such as the recently launched LED lamps and oxymeters, compose the home solutions. 

  Weekly Time Frame chart

Brands

 The brand, Black + Decker, Gilma, and Pigeon have helped the corporation establish a strong market position, especially in South India.

Manufacturing Capacity

Its two manufacturing facilities in Bangalore have a combined yearly production capacity of 68 million units, and its second facility in Baddi has an installed capacity of three million units annually. With a daily production capacity of 75,000 bulbs, the Bangalore factory made its entrance into LED manufacturing in FY19.

Customer Concentration

Revenue from two customers, who together accounted for 30% (18% and 12%, respectively) of the Company's total revenue in FY23, made up more than 10% of the overall revenue of the business.

Focus

The company's ongoing plan is to increase its product and channel offerings. To gain a bigger cost and quality advantage, it will keep investing in building new plants for new goods and backward integrating components.

 

PROS

•   FII increases holding 0.42% to 0.78% in last quarter
• DII increases holding Jun2-2023 to March 2024 From 1,15% to3.44%
• Net profit continue increases Last four Years
• Yearly sales growth Continues increases,

CONS

• Stock is trading at 4.36 times its book value
• Company has a low return on equity of 11.2% over last 3 years.
• Dividend payout has been low at 8.07% of profits over last 3 years