STOVE KRAFT LIMITED Share price

Stove Kraft Limited was incorporated as Stove Kraft Private Limited on June 28, 1999 at Bengaluru, Karnataka, India as a Private Limited Company and commenced its business on June 28, 1999. Subsequently, the status was converted into a Public Company and the Company name was changed from Stove Kraft Private Limited to Stove Kraft Limited on August 13, 2018. The Company is engaged in the business of manufacture of pressure cookers, LPG stoves, non-stick cookware and trading of other kitchen and electrical appliances under the brand names 'Pigeon' and 'Gilma'. The Company has a separate distribution network for each of its Pigeon, Gilma and BLACK + DECKER brands. Further, there is a separate distribution network for the Pigeon LED products. The Company has expanded its distribution reach to over 82,767 outlets, which is facilitated by its distribution network consisting of 9 C&F (Clearing and Forwarding) agents and over 600 distributors. It also has 12 distributors for export products. The Company has built a separate distribution network for Pigeon, Gilma, Black+Decker and Pigeon LED. The Company's Gilma brand products are sold through exclusively branded outlets owned and operated by franchisees. The Company commenced the manufacture of Pigeon LED products in Bengaluru and inner lid cookers in Baddi in 2019.The Baddi facility, operational since FY 2004-05, has an annual installed capacity of 2.80 Mn units per annum as of FY 2019-20. ' The Company commenced production of handy chopper, thermometer, and PCB for LED bulbs and batten in 2020, it automated the Roller Coating Unit with robots installed at pressing and grooving section which increased productivity, lower wastages & ZERO accidents. In February 2021, the Company made an IPO of 1,07,17,532 Equity Shares which includes a Fresh Issue of 24,67,532 Equity Shares and an Offer for Sale by the selling shareholders of 82,50,000 Equity Shares of the Company. The Company launched air fryers in August, 2022; launched ORB Mixer Grinder - 750W model in FY 2022-23. In September 2023, it commenced the operations for a new flask line. The Company expanded to 171 retail stores across India in 2023-24. In November 2023, the Company commissioned newly constructed Warehouse on 2.75 acres of Land (1.20 Lacs sq ft). It also commissioned 4 MWp of Solar Power Plant on roof top of newly built Unit 3 at a cost of Rs. 13.88 Crore in 2024. The Company commissioned Cast Iron Foundry for cookware in 2024-25. It entered the fast growing personal care segment by launching a new range of products, including hair dryers and trimmers, through e-commerce platforms in January 2025. It expanded the retail footprint by adding 91 new stores, taking the count to 262 outlets in FY25. The Company entered into the HoReCa segment, with the launch of Pigeon Egnite 3500 Heavy-Duty Infrared Cooktop in FY26. The Company expanded its retail presence by opening 67 new stores, bringing the total number of operational outlets to 329 stores in 2026.