Butterfly Gandhimathi Appliances Limited (BUTTERFLY) AI Stock Analysis

• Market Cap: ₹10.79B
• Dividend Yield: N/A
• Average Volume (3M): 961.00
• Price to Earnings (P/E): 26.9
• Beta (1Y): 0.67
• Revenue Growth: 7.32%
• EPS Growth: N/A
• Country: IN
• Employees: 1,217
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Furnishings, Fixtures & Appliances
• EPS (TTM): 6.02
• Shares Outstanding: 17,879,553
• 10 Day Avg. Volume: 594
• 30 Day Avg. Volume: 961
• PEG Ratio: 0.10
• Price to Book (P/B): 3.34
• Price to Sales (P/S): 1.26
• P/FCF Ratio: 46.44
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 67 Neutral
• Price Target: ₹686.00 ▲(7.65% Upside)
• Action: Reiterated Date: 03/14/26
• Date: Action: Reiterated 03/14/26

The score is driven primarily by solid financial quality (low leverage and improved EBIT margin), tempered by declining revenue and low net profit margin. Technicals are supportive but appear overbought (RSI 71.69), while valuation is less attractive with a P/E of 26.88 and no dividend yield data.

Positive Factors

Strong balance sheet

Very low financial leverage and a high equity ratio provide structural resilience. This reduces bankruptcy risk, preserves borrowing capacity for capex or working-capital swings, and gives management flexibility to pursue strategic investments or weather cyclical downturns over months.

Improved EBIT margin

A sustained, high EBIT margin signals durable operating efficiency and pricing or cost advantages in manufacturing and sourcing. Higher operating profitability creates buffer against demand shocks and funds reinvestment, making earnings less sensitive to short-term revenue volatility.

Growing free cash flow

Material FCF growth strengthens internal funding for capex, distribution expansion, and working capital without relying on external financing. Higher cash generation improves capital allocation optionality and supports durable financial flexibility over the medium term.

Negative Factors

Declining revenue

A year-over-year revenue drop signals potential demand weakness or market-share pressure in core kitchen appliances. For a product-led consumer durables firm, sustained top-line shrinkage undermines scale benefits and can erode distribution relationships and long-term growth prospects.

Low net profit margin

Despite strong operating margins, low net margin shows below-the-line pressures (taxes, interest, non-op items) or cost structure inefficiencies. Persistently thin net margins constrain retained earnings, shareholder returns, and room to invest in brand or product development.

Moderate cash conversion

Sub-par cash conversion implies earnings are not fully converting to cash, possibly due to working-capital needs or capex. Over time this limits the company's ability to sustain investments, service obligations, or build cash buffers despite accounting profits.

Butterfly Gandhimathi Appliances Limited Business Overview & Revenue Model

Company Description

Butterfly Gandhimathi Appliances Limited manufactures and sells domestic kitchen and electrical appliances under the Butterfly brand name in India and internationally. The company's kitchen appliances comprise LPG stoves, mixer grinders, electric rice cookers, pressure cookers, wet grinders, chimneys, power hobs, and built in hobs; non-stick cookware; and breakfast appliances, such as hand blenders and mixers, pop up toaster, sandwich makers, juicer mixer grinder, flasks, vegetable choppers, and water bottles. It also offers electrical appliances, including iron box, air coolers, washers, tower fans, electric kettles, and egg boilers. The company was formerly known as Gandhimathi Appliances Limited and changed its name to Butterfly Gandhimathi Appliances Limited in October 2011. The company was incorporated in 1986 and is based in Navalur, India. Butterfly Gandhimathi Appliances Limited is a subsidiary of Crompton Greaves Consumer Electricals Limited.

How the Company Makes Money

Butterfly makes money primarily by selling kitchen appliances and cookware to consumers in India. Its revenue model is product-led: it generates income from the sale of branded consumer durables across multiple price points and categories (e.g., food-preparation appliances like mixer grinders and wet grinders; cooking appliances like LPG stoves; and cookware such as pressure cookers). Products are typically sold through a mix of channels that commonly include general trade and modern retail outlets as well as e-commerce/online marketplaces; revenue is recognized when products are sold through these channels to customers (either end consumers or channel partners, depending on the transaction structure). In addition to the core sale of goods, earnings can be supported by aftermarket/service-related collections (such as repairs and spare parts) associated with installed appliances; if quantified details are required, null. Key factors that influence revenue and profitability include consumer demand for kitchen durables, brand positioning and pricing, product mix (premium vs. mass), distribution reach and retailer relationships, promotional intensity, input costs (metals, plastics, components), and operating leverage from manufacturing/outsourcing decisions. Significant partnerships: null.

Butterfly Gandhimathi Appliances Limited Financial Statement Overview

Summary

Strong balance sheet with high equity ratio (69.23%) and very low leverage (debt-to-equity 0.04) supports stability, while EBIT margin improved to 25.32%. Offsetting this, revenue declined 7.18% year over year and net profit margin remains low at 3.76%, indicating weaker growth and limited bottom-line conversion.

Income Statement

Butterfly Gandhimathi Appliances Limited shows a stable gross profit margin with a strong EBIT margin improvement to 25.32% in the latest year, indicating efficient cost management. However, there is a recent decline in total revenue by 7.18% from the previous year, and net profit margin is relatively low at 3.76%, suggesting challenges in translating revenue into profit.

Balance Sheet

The company's balance sheet reflects strong equity with an equity ratio of 69.23%, indicating a solid capital structure. The debt-to-equity ratio is low at 0.04, signifying low financial leverage. Return on equity has improved to 10.00%, but there is room for growth in asset utilization and profitability.

Cash Flow

Free cash flow has grown by 31.21% compared to the previous year, showing positive cash generation. However, the operating cash flow to net income ratio is moderate at 1.03, and the free cash flow to net income ratio stands at 0.72, suggesting potential challenges in sustaining cash flow levels.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	9.05B	8.65B	9.31B	10.57B	9.97B	8.66B
Gross Profit	3.46B	3.23B	3.28B	2.57B	3.64B	3.59B
EBITDA	803.82M	652.52M	273.73M	1.03B	505.59M	812.73M
Net Income	407.69M	325.33M	73.90M	516.66M	161.27M	361.58M
Balance Sheet
Total Assets	5.58B	4.70B	5.36B	5.03B	5.18B	4.89B
Cash, Cash Equivalents and Short-Term Investments	1.02B	984.71M	730.81M	576.88M	12.05M	329.98M
Total Debt	109.57M	122.36M	37.35M	49.34M	533.20M	293.85M
Total Liabilities	2.09B	1.45B	2.44B	2.17B	2.83B	2.65B
Stockholders Equity	3.49B	3.25B	2.92B	2.86B	2.35B	2.24B
Cash Flow
Free Cash Flow	59.26M	234.02M	178.38M	1.11B	-393.33M	1.98B
Operating Cash Flow	115.74M	336.40M	368.47M	1.22B	-210.77M	2.11B
Investing Cash Flow	-82.96M	-547.38M	-211.13M	-293.77M	-179.47M	-124.53M
Financing Cash Flow	-43.45M	-101.47M	-75.13M	-607.30M	73.78M	-1.66B

Butterfly Gandhimathi Appliances Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 637.25
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BUTTERFLY, the sentiment is Neutral. The current price of 637.25 is above the 20-day moving average (MA) of 615.56, above the 50-day MA of 616.71, and below the 200-day MA of 692.20, indicating a neutral trend. The MACD of 8.02 indicates Negative momentum. The RSI at 52.25 is Neutral, neither overbought nor oversold. The STOCH value of 59.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:BUTTERFLY.

Butterfly Gandhimathi Appliances Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BUTTERFLY	67 Neutral	₹10.79B	26.88	―	―	7.32%	―
IFBIND	63 Neutral	₹39.30B	66.01	―	―	12.08%	28.97%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
STOVEKRAFT	61 Neutral	₹16.14B	114.54	―	0.50%	7.89%	32.07%
ORIENTELEC	60 Neutral	₹35.91B	36.16	―	0.82%	6.63%	42.16%
TTKPRESTIG	60 Neutral	₹67.35B	64.27	―	0.97%	4.48%	-49.18%
BAJAJELEC	59 Neutral	₹41.63B	-40.37	―	0.62%	0.80%	-4.31%