BUTTERFLY
Butterfly Gandhimathi Appliances Limited
Domestic appliances including mixer grinders and pressure cookers
Consumer Discretionary›Consumer Durables›Consumer Durables›Household Appliances
butterflyindia.com(opens the company website in a new tab)Key metrics
Price as of 2026-10-16
Stock price
₹603.50
Market cap
1,079 Cr
Stock P/E
21.0
P/B
2.70
Dividend yield
0.0%
ROE (FY26)
12.3%
ROCE (FY26)
16.9%
Operating margin (FY26)
6.0%
OCF / EBITDA (FY26)
110.1%
OCF / EBITDA (3Y)
91.9%
Full years shown; sign in free for the trailing twelve months. Learn about these metrics →
Price & valuation
Share price and valuation multiples (P/E, P/B and more) over time.
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What you need to know
Butterfly (Butterfly Gandhimathi Appliances) makes kitchen appliances such as mixer grinders, pressure cookers, wet grinders and cooktops, which it sells through retail, regional chain stores, modern trade and online, and it calls itself South India's leading kitchen appliances player (August 2026 press release).
Company snapshot
18thBy market cap
Ranked among 21 companies in Household Appliances.
What we see
Positives
- ✓92% of operating profit came in as cash over the last three years — profits are backed by real cash.
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Statement tables · Standalone
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Standalone only
Amounts in ₹ Cr · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 238 Cr | 166 Cr | 182 Cr | 258 Cr | 238 Cr | 187 Cr | 187 Cr | 293 Cr | 245 Cr | 218 Cr | 214 Cr | 331 Cr |
| Operating expenses (approx.) | 236 Cr | 186 Cr | 173 Cr | 235 Cr | 221 Cr | 171 Cr | 175 Cr | 265 Cr | 224 Cr | 199 Cr | 199 Cr | 300 Cr |
| EBITDA | 2 Cr | -20 Cr | 9 Cr | 23 Cr | 17 Cr | 16 Cr | 13 Cr | 28 Cr | 20 Cr | 20 Cr | 15 Cr | 32 Cr |
| OPM % | 1.0% | -11.9% | 5.1% | 8.9% | 7.2% | 8.6% | 6.8% | 9.5% | 8.2% | 8.9% | 7.0% | 9.5% |
| Other income | 1 Cr | 1 Cr | 2 Cr | 2 Cr | 1 Cr | 2 Cr | 2 Cr | 1 Cr | 2 Cr | 3 Cr | 3 Cr | 3 Cr |
| Interest | 2 Cr | 1 Cr | 2 Cr | 2 Cr | 1 Cr | 0.97 Cr | 0.72 Cr | 0.45 Cr | 0.33 Cr | 0.29 Cr | 0.21 Cr | 0.27 Cr |
| Depreciation | 5 Cr | 5 Cr | 6 Cr | 6 Cr | 6 Cr | 5 Cr | 5 Cr | 6 Cr | 6 Cr | 7 Cr | 6 Cr | 7 Cr |
| Profit before tax | -3 Cr | -27 Cr | 4 Cr | 17 Cr | 12 Cr | 12 Cr | 9 Cr | 23 Cr | 15 Cr | 15 Cr | 12 Cr | 27 Cr |
| Tax % | 22.4% | 26.0% | 28.5% | 25.0% | 27.9% | 24.8% | 25.8% | 25.2% | 25.8% | 25.5% | 25.5% | 25.1% |
| Net profit | -2 Cr | -20 Cr | 3 Cr | 13 Cr | 8 Cr | 9 Cr | 6 Cr | 17 Cr | 11 Cr | 11 Cr | 9 Cr | 20 Cr |
| EPS (₹) | ₹-1.21 | ₹-11.05 | ₹1.41 | ₹7.09 | ₹4.65 | ₹5.05 | ₹3.60 | ₹9.51 | ₹6.02 | ₹6.40 | ₹4.97 | ₹11.29 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 450 Cr | 549 Cr | 652 Cr | 679 Cr | 870 Cr | 1,005 Cr | 1,057 Cr | 931 Cr | 865 Cr | 943 Cr | Sign in free for the trailing twelve months |
| Operating expenses (approx.) | 470 Cr | 515 Cr | 606 Cr | 638 Cr | 790 Cr | 949 Cr | 960 Cr | 904 Cr | 799 Cr | 863 Cr | Sign in free for the trailing twelve months |
| EBITDA | -20 Cr | 35 Cr | 46 Cr | 41 Cr | 80 Cr | 56 Cr | 97 Cr | 27 Cr | 65 Cr | 80 Cr | Sign in free for the trailing twelve months |
| OPM % | -4.4% | 6.3% | 7.0% | 6.0% | 9.2% | 5.6% | 9.1% | 2.9% | 7.5% | 8.5% | Sign in free for the trailing twelve months |
| Other income | 2 Cr | 2 Cr | 2 Cr | 1 Cr | 2 Cr | 2 Cr | 7 Cr | 5 Cr | 7 Cr | 8 Cr | Sign in free for the trailing twelve months |
| Interest | 23 Cr | 18 Cr | 22 Cr | 24 Cr | 17 Cr | 11 Cr | 7 Cr | 6 Cr | 5 Cr | 2 Cr | Sign in free for the trailing twelve months |
| Depreciation | 12 Cr | 12 Cr | 13 Cr | 14 Cr | 16 Cr | 15 Cr | 16 Cr | 18 Cr | 23 Cr | 24 Cr | Sign in free for the trailing twelve months |
| Profit before tax | -53 Cr | 6 Cr | 12 Cr | 4 Cr | 48 Cr | 25 Cr | 80 Cr | 6 Cr | 44 Cr | 61 Cr | Sign in free for the trailing twelve months |
| Tax % | 2.6% | 17.5% | 22.8% | 3.6% | 25.2% | 34.9% | 35.8% | -31.3% | 26.0% | 25.5% | Sign in free for the trailing twelve months |
| Net profit | -52 Cr | 5 Cr | 10 Cr | 4 Cr | 36 Cr | 16 Cr | 52 Cr | 7 Cr | 33 Cr | 46 Cr | Sign in free for the trailing twelve months |
| EPS (₹) | ₹-28.80 | ₹2.82 | ₹5.15 | ₹1.83 | ₹20.22 | ₹9.02 | ₹28.90 | ₹4.13 | ₹18.20 | ₹25.53 | Sign in free for the trailing twelve months |
| Dividend payout % | — | — | — | — | 14.4% | 32.4% | 0.0% | 0.0% | 0.0% | 0.0% | Sign in free for the trailing twelve months |
Sign in free for the trailing twelve months
The latest four quarters added up, next to each full year
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 18 Cr | 18 Cr | 18 Cr | 18 Cr | 18 Cr | 18 Cr | 18 Cr | 18 Cr | 18 Cr | 18 Cr |
| Reserves | 157 Cr | 162 Cr | 172 Cr | 175 Cr | 206 Cr | 217 Cr | 268 Cr | 274 Cr | 307 Cr | 354 Cr |
| Borrowings | 144 Cr | 189 Cr | 144 Cr | 159 Cr | 12 Cr | 52 Cr | — | — | — | — |
| Other liabilities | 99 Cr | 99 Cr | 131 Cr | 140 Cr | 253 Cr | 231 Cr | 217 Cr | 244 Cr | 145 Cr | 187 Cr |
| Total liabilities | 418 Cr | 468 Cr | 464 Cr | 492 Cr | 489 Cr | 518 Cr | 503 Cr | 536 Cr | 470 Cr | 559 Cr |
| Fixed assets (net) | 122 Cr | 124 Cr | 128 Cr | 133 Cr | 131 Cr | 134 Cr | 135 Cr | 131 Cr | 128 Cr | 127 Cr |
| CWIP | 4 Cr | 2 Cr | 7 Cr | 2 Cr | 2 Cr | 6 Cr | 3 Cr | 6 Cr | 8 Cr | 2 Cr |
| Investments | 0.10 Cr | 0.11 Cr | 0.23 Cr | 0.18 Cr | 0.28 Cr | 0.34 Cr | 0.35 Cr | 32 Cr | 84 Cr | 127 Cr |
| Inventories | 109 Cr | 125 Cr | 142 Cr | 170 Cr | 178 Cr | 210 Cr | 125 Cr | 133 Cr | 110 Cr | 144 Cr |
| Trade receivables | 88 Cr | 131 Cr | 117 Cr | 117 Cr | 74 Cr | 93 Cr | 124 Cr | 132 Cr | 82 Cr | 61 Cr |
| Cash & bank | 28 Cr | 16 Cr | 3 Cr | 0.80 Cr | 33 Cr | 1 Cr | 33 Cr | 41 Cr | 10 Cr | 13 Cr |
| Other assets | 67 Cr | 69 Cr | 66 Cr | 68 Cr | 71 Cr | 75 Cr | 83 Cr | 62 Cr | 48 Cr | 86 Cr |
| Total assets | 418 Cr | 468 Cr | 464 Cr | 492 Cr | 489 Cr | 518 Cr | 503 Cr | 536 Cr | 470 Cr | 559 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 145 Cr | -35 Cr | 82 Cr | 18 Cr | 211 Cr | -21 Cr | 122 Cr | 37 Cr | 34 Cr | 88 Cr |
| Cash from investing | -10 Cr | -9 Cr | -19 Cr | -13 Cr | -12 Cr | -18 Cr | -29 Cr | -21 Cr | -55 Cr | -77 Cr |
| Cash from financing | -116 Cr | 32 Cr | -77 Cr | -8 Cr | -166 Cr | 7 Cr | -61 Cr | -8 Cr | -10 Cr | -8 Cr |
| Net cash flow | 18 Cr | -12 Cr | -13 Cr | -2 Cr | 32 Cr | -32 Cr | 31 Cr | 8 Cr | -31 Cr | 3 Cr |
| Free cash flow (OCF − Capex) | 134 Cr | -43 Cr | 63 Cr | 5 Cr | 198 Cr | -39 Cr | 111 Cr | 18 Cr | 23 Cr | 76 Cr |
Ratios
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | -9.3% | 6.5% | 10.5% | 8.0% | 27.9% | 12.5% | 30.4% | 4.1% | 15.1% | 16.9% |
| ROE % | -29.6% | 2.7% | 5.1% | 2.1% | 16.1% | 6.9% | 18.1% | 2.5% | 10.0% | 12.3% |
| Debtor days | 71 | 87 | 65 | 63 | 31 | 34 | 43 | 52 | 34 | 23 |
| Inventory days | 265 | 208 | 163 | 200 | 182 | 158 | 107 | 107 | 91 | 108 |
| Days payable | 146 | 93 | 114 | 126 | 168 | 106 | 107 | 99 | 54 | 79 |
| Cash conversion cycle | 191 | 201 | 114 | 136 | 46 | 86 | 43 | 60 | 71 | 52 |
| OCF / EBITDA % | — | -100.4% | 180.4% | 44.5% | 264.3% | -37.6% | 126.0% | n.m. | 51.6% | 110.1% |
| OCF / EBITDA % (3 years) | — | — | 318.1% | 54.2% | 187.3% | 117.7% | 134.0% | 76.3% | 101.5% | 91.9% |
| Debt / equity | 0.82 | 1.05 | 0.76 | 0.83 | 0.05 | 0.22 | — | — | — | — |
| Current ratio | — | — | 1.24 | 1.19 | 1.24 | 1.25 | 1.64 | 1.57 | 2.31 | 2.10 |
| Net debt / EBITDA | — | — | 3.07 | 3.89 | -0.27 | 0.91 | -0.34 | -1.49 | -0.15 | -0.16 |