This small-cap consumer durable company wins order of ₹15.4 crores
₹15.4 crore. This order marks the company's largest single order to date. Inflame Appliances will manufacture and supply the chimneys from its plant in Panchkula, Haryana, with the execution expected to be completed within the next two months.
On Friday, Inflame Appliance’s shares zoomed by 4 per cent to ₹574.50. It made an intraday high of ₹587 within the first trading session. The shares of the company also saw a low of ₹551 on BSE.
During the second half of the financial year 2022-2023, the company achieved sales of ₹40.97 crore, reflecting a growth rate of 10.64% compared to the same period in the previous year. The company's EBITDA reached ₹8.31 crore, marking an impressive increase of 214.77%. Furthermore, the net profit for this period amounted to ₹4.7 crore, experiencing a substantial surge of 1,242% compared to the corresponding period in the previous year.
In the entire financial year 2022-2023, the company recorded sales of ₹78 crore, indicating a significant growth rate of 96.4% compared to the previous year. The net profit for the fiscal year amounted to ₹5.13 crore, a remarkable improvement from the loss of ₹1.47 crore incurred in the previous year. The earnings per share (EPS) for the company stood at ₹4.5 in the financial year 2022-2023.
The company has ambitious plans to expand its range of kitchen appliances and aims to achieve a 50% compound annual growth rate (CAGR) over the next 3-5 years. In the fiscal year 2023-2024, the company targets the production of 240,000 chimneys from its Panchkula plant and 100,000 chimneys from the Hyderabad plant. Inflame Appliances specializes in manufacturing LPG stoves, cooktops, and sheet metal components.
Read more on livemint.com
