Butterfly Gandhimathi Appliances Limited (BUTTERFLY)

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Butterfly Gandhimathi Appliances Limited (BUTTERFLY) · mywealthgrid

About

Butterfly Gandhimathi manufactures household appliances in India's consumer discretionary sector. With ₹1,213 Cr market cap, it is a mid-cap business backed by 75% promoter ownership, competing in the appliances segment of consumer discretionary goods.

Face value: ₹10

Market cap

₹985 Cr

P/E

20.5×

P/B

2.6×

Dividend yield

ROE

13.1%

ROCE

18%

Debt / equity

OPM

8.5%

EPS (TTM)

₹26.9

Book value

₹208.2

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Operating margins compressed from 9.48% (Sep 2025) to 7.02% (Jun 2026)—verify whether cost pressures or pricing challenges persist
Quarterly revenue volatility of 56% peak-to-trough (₹187–292 Cr range) with seasonal Jun weakness—verify underlying trend beyond seasonality
No shareholder distributions since 2021 despite consistent profits of ₹6–17 Cr quarterly—verify capital deployment constraints or strategic hold
Valuation at PE 25.23 leaves limited downside protection—verify if earnings growth justifies re-rating

Generated analysis · source review pending

Growth drivers

Documented YoY revenue growth of 14–17% across comparable quarters (Jun 2025 ₹187.37 Cr → Jun 2026 ₹213.87 Cr; Sep 2024 ₹257.7 Cr → Sep 2025 ₹292.99 Cr)—verify if driven by market expansion or share gains
Sep 2025 peak profit of ₹17 Cr and 9.48% OPM represents earnings potential if company sustains higher revenue runs—verify margin recovery path and Sep 2025 sustainability
Zero debt (D/E = 0) and ROE of 13.09% provide financial capacity for capex or acquisition—verify if investments are planned to drive growth
Geographic expansion into underpenetrated tier-2/tier-3 markets could drive volume growth—verify company's current geographic footprint and addressable market

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹553.9-1.3%1Y

Quick read

rule-based

Pros

+Almost debt-free (debt/equity 0)
+Comfortable interest coverage of 36.1×
+High promoter holding of 75% with no pledge

Cons

−Low return on equity of 8.7% (3-yr avg)
−Modest revenue growth of 1.6% a year over the last 5 years

Research score

Structured signal from quality, growth, valuation and momentum.

56/100

Business quality: 57
Growth: 41
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Lg Electronics India LimitedLGEINDIALGEINDIA	₹1,16,876 Cr	₹1,16,876 Cr	₹25,575 Cr	₹2,593 Cr	9.8%	₹1,825 Cr	6.9%	31%	24.7%	30
Voltas LimitedVOLTASVOLTAS	₹34,850 Cr	₹35,817 Cr	₹14,979 Cr	₹734 Cr	4.5%	₹449 Cr	2.6%	11.4%	5.8%	19
Blue Star LimitedBLUESTARCOBLUESTARCO	₹30,009 Cr	₹30,636 Cr	₹12,798 Cr	₹905 Cr	7.5%	₹509 Cr	4.3%	23.2%	16.2%	33
Amber Enterprises India LimitedAMBERAMBER	₹22,945 Cr	₹25,647 Cr	₹12,625 Cr	₹1,008 Cr	7.8%	₹96 Cr	1.9%	12.6%	5.3%	53
Crompton Greaves Consumer Electricals LimitedCROMPTONCROMPTON	₹13,052 Cr	₹13,052 Cr	₹8,332 Cr	₹849 Cr	10.2%	₹-224 Cr	-2.9%	18.2%	-7.6%	-24
V-Guard Industries LimitedVGUARDVGUARD	₹12,869 Cr	₹12,878 Cr	₹6,310 Cr	₹594 Cr	8.8%	₹365 Cr	5.2%	17.9%	13.8%	60
Whirlpool Of India LimitedWHIRLPOOLWHIRLPOOL	₹10,934 Cr	₹10,934 Cr	₹8,329 Cr	₹409 Cr	6%	₹251 Cr	3.7%	9.9%	7.2%	9
Ttk Prestige LimitedTTKPRESTIGTTKPRESTIG	₹6,938 Cr	₹6,993 Cr	₹3,178 Cr	₹317 Cr	9.3%	₹190 Cr	5.3%	12.4%	8.1%	119
Eureka Forbes LimitedEUREKAFORBEUREKAFORB	₹6,817 Cr	₹6,817 Cr	₹2,802 Cr	₹321 Cr	11.6%	₹181 Cr	6%	4.8%	3.6%	80
Bosch Home Comfort India LimitedBOSCH-HCILBOSCH-HCIL	₹5,351 Cr	₹5,411 Cr	₹2,942 Cr	₹72 Cr	2.5%	₹5 Cr	-0.1%	4.5%	-0.5%	18
Ifb Industries LimitedIFBINDIFBIND	₹4,723 Cr	₹4,739 Cr	₹5,866 Cr	₹344 Cr	5.7%	₹160 Cr	2.6%	19.5%	15.6%	-10
Symphony LimitedSYMPHONYSYMPHONY	₹3,928 Cr	₹4,072 Cr	₹1,058 Cr	₹149 Cr	11%	₹-139 Cr	-12.5%	24.2%	-21.6%	162

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	904	405	549	652	679	870	1,005	1,057	931	865	943
COGS	-622	-252	315	390	390	506	633	668	594	541	578
Gross profit	—	—	234	262	289	364	372	388	338	323	366
	1,463	681	199	216	248	284	316	292	310	258	285
	63	-24	35	46	41	80	56	97	27	65	80
OPM %	6.9%	-6%	6.3%	7%	6%	9.2%	5.6%	9.1%	2.9%	7.6%	8.5%
Depreciation	12	12	12	13	14	16	15	16	18	23	24
Interest	34	21	18	22	24	17	11	7	6	5	2
	3	1	2	2	1	2	-5	7	3	7	7
Profit before tax	19	-57	6	12	4	48	25	80	6	44	61
Tax	7	—	-1	3	0	12	9	29	-2	11	16
Tax %	35.4%	—	-17.5%	22.8%	3.6%	25.2%	34.9%	35.8%	-31.3%	26%	25.5%
	12	-56	7	10	4	36	16	52	7	33	46
PAT margin %	1.4%	-13.7%	1.3%	1.5%	0.6%	4.2%	1.6%	4.9%	0.8%	3.8%	4.8%
EPS (₹)	6.9	—	2.8	5.2	1.8	20.2	9	28.9	4.1	18.2	25.5
EPS adjusted (₹)	—	—	—	—	2.2	20.2	9	28.9	4.1	18.2	25.5
	18%	—	0%	0%	0%	14.8%	33.3%	0%	0%	0%	—
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	18	18	18	18	18	18	18
Reserves	175	206	217	268	274	307	354
	159	12	47	0	0	0	0
	140	253	236	217	244	145	187
Total equity & liabilities	492	489	518	503	536	470	559
	169	163	164	163	157	151	149
CWIP	2	2	6	3	6	8	2
Investments	0	0	0	0	32	84	127
	321	323	348	337	341	226	281
Total assets	492	489	518	503	536	470	559

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	40.2%	42.5%	41.8%	37%	36.8%	36.2%	37.4%	38.8%
EBITDA margin %	7%	6%	9.2%	5.6%	9.1%	2.9%	7.6%	8.5%
EBIT margin %	5%	4%	7.4%	4%	7.6%	1%	4.9%	6%
PAT margin %	1.5%	0.6%	4.2%	1.6%	4.9%	0.8%	3.8%	4.8%
Working capital
Receivable days	—	63	31	34	43	52	34	23
Inventory days	—	159	128	121	68	82	74	91
Payable days	—	5	118	81	68	76	44	67
NWC days	—	217	41	73	43	58	65	48
Leverage
Current ratio	—	—	1.24	1.25	1.64	1.57	2.31	2.1
Debt to EBITDA	—	3.91	0.14	0.85	0	0	0	0
Debt to equity	—	0.83	0.05	0.2	0	0	0	0
Interest coverage	1.6	1.2	3.8	3.8	13.4	2.2	9.5	36.1
Asset turnover	—	1.38	1.78	1.94	2.1	1.74	1.84	1.69
Return ratios
Return on assets %	—	0.8%	7.4%	3.1%	10.3%	1.4%	6.9%	8.2%
Return on capital employed %	—	6.9%	20.3%	17.6%	31.9%	4.7%	15.3%	18%
Return on equity %	—	2.1%	16.1%	6.9%	18.1%	2.5%	10%	12.3%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	75%	75%	75%	75%	75%	75%	75%	75%	75%	75%	75%	75%
	0%	0%	0%	0%	0.01%	0%	0.01%	0%	0.04%	0.01%	0.01%	0.01%
	6.52%	6.47%	6.33%	5.09%	4.49%	3.55%	2.46%	1.39%	0.43%	0.43%	0.43%	0.43%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	18.48%	18.53%	18.67%	19.91%	20.5%	21.45%	22.53%	23.61%	24.53%	24.56%	24.56%	24.56%
No. of shareholders	—	—	—	—	—	—	—	—	17,803	17,212	18,902	19,110

Promoter holding up 0 percentage points since Sep 2023.

34 deals · 23 Feb 2022 – 13 May 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
13 May 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Sell	1,08,708	₹732.63	₹7.96 Cr
13 May 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Buy	1,08,708	₹731.84	₹7.96 Cr
12 May 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Sell	3,15,444	₹709.22	₹22.37 Cr
12 May 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Buy	3,15,444	₹708.67	₹22.35 Cr
12 May 2026	BLITZQUANT RESEARCH LLP	Bulk	NSE	Sell	1,12,135	₹707.23	₹7.93 Cr
12 May 2026	BLITZQUANT RESEARCH LLP	Bulk	NSE	Buy	1,12,135	₹706.81	₹7.93 Cr
12 May 2026	JUNOMONETA FINSOL PRIVATE LIMITED	Bulk	NSE	Sell	97,567	₹708.41	₹6.91 Cr
12 May 2026	JUNOMONETA FINSOL PRIVATE LIMITED	Bulk	NSE	Buy	97,343	₹708.00	₹6.89 Cr
19 Mar 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Buy	1,44,442	₹660.07	₹9.53 Cr
19 Mar 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Sell	1,44,442	₹660.71	₹9.54 Cr

1–10 of 34

1 / 4

Mr. P. M. MURTYNon-Executive - Independent Director-Chairperson
Mr. PROMEET GHOSHNon-Executive - Non Independent Director
Mr. KALEESWARAN ARUNACHALAMNon-Executive - Non Independent Director
Mr. NITHIYANANDAM ANANDKUMARNon-Executive - Non Independent Director
Mr. K. E. RANGANATHANNon-Executive - Independent Director
Ms. SMITA ANANDNon-Executive - Independent Director
Mr. V. A. JosephChief Financial Officer
Mr. Jayant BardeCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Butterfly Gandhimathi Appliances Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Credit ratings

Disclosure under Regulation 30 of the SEBI (LODR) Regulations, 2015 - Credit Rating27 Jan 2026

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

24 announcementsExport CSV

9 Jul 2026, 7:47 pmAGM/EGM

Annual General Meeting

AGM PDF

9 Jul 2026, 7:27 pmOthers

Business Responsibility and Sustainability Reporting (BRSR)

Business Responsibility and Sustainability Reporting (BRSR) PDF

9 Jul 2026, 7:20 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

2 Jul 2026, 9:09 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

30 Jun 2026, 12:20 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

19 Jun 2026, 12:19 pmCompany Update

Receipt Of The 'Golden Peacock Award For Exo-Innovation' For The Year 2026 By The Institute Of Directors, India

General PDF

21 May 2026, 12:42 pmCompany Update

Compliances-Reg.24(A)-Annual Secretarial Compliance

Reg.24(A)-Annual Secretarial Compliance PDF

12 May 2026, 5:01 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

Date	Category	Subject	Filing
9 Jul 2026, 7:47 pm	AGM/EGM AGM	Annual General Meeting	PDF
9 Jul 2026, 7:27 pm	Others Business Responsibility and Sustainability Reporting (BRSR)	Business Responsibility and Sustainability Reporting (BRSR)	PDF

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	40.2%	42.5%	41.8%	37%	36.8%	36.2%	37.4%	38.8%
EBITDA margin %	7%	6%	9.2%	5.6%	9.1%	2.9%	7.6%	8.5%
EBIT margin %	5%	4%	7.4%	4%	7.6%	1%	4.9%	6%
PAT margin %	1.5%	0.6%	4.2%	1.6%	4.9%	0.8%	3.8%	4.8%
Working capital
Receivable days	—	63	31	34	43	52	34	23
Inventory days	—	159	128	121	68	82	74	91
Payable days	—	5	118	81	68	76	44	67
NWC days	—	217	41	73	43	58	65	48
Leverage
Current ratio	—	—	1.24	1.25	1.64	1.57	2.31	2.1
Debt to EBITDA	—	3.91	0.14	0.85	0	0	0	0
Debt to equity	—	0.83	0.05	0.2	0	0	0	0
Interest coverage	1.6	1.2	3.8	3.8	13.4	2.2	9.5	36.1
Asset turnover	—	1.38	1.78	1.94	2.1	1.74	1.84	1.69
Return ratios
Return on assets %	—	0.8%	7.4%	3.1%	10.3%	1.4%	6.9%	8.2%
Return on capital employed %	—	6.9%	20.3%	17.6%	31.9%	4.7%	15.3%	18%
Return on equity %	—	2.1%	16.1%	6.9%	18.1%	2.5%	10%	12.3%

₹ Cr	Mar 2016	Mar 2017	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	24	117	211	-21	122	37	34	88
	-9	-14	-12	-18	-29	-21	-55	-77
	-17	-88	-166	7	-61	-8	-10	-8
Net cash flow	-2	15	32	-32	31	8	-31	3
Free cash flow	14	108	198	-39	111	18	23	76
CFO / Operating profit %	38%	—	264.3%	-37.6%	126%	134.7%	51.6%	110.1%

Butterfly Gandhimathi Appliances Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Credit ratings

Events

Announcements

No fund holdings on record

7

1

Not in the F&O segment

Announcements

Annual reports

Credit ratings

Compounded sales growth

Compounded profit growth

Return on equity

Butterfly Gandhimathi Appliances Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Credit ratings

Events

Announcements

No fund holdings on record

Quarterly record

Bulk & block deals

Board and management

Dividends7

Board meetings1

Ratio timeline

Not in the F&O segment

Announcements

Annual reports

Credit ratings

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

7

1