By Suhel Khan
The super investors of India, or as we call them, Warren Buffets of India, are a rare breed. It is almost impossible to crack the code when it comes to decoding their buying or selling decisions. So, when some of the most well-known and widely followed super investors go after one stock, it is time to sit down and take notes.
The company in question is one of the leading brands for home and kitchen appliances in India, which boasts of a substantial market share.
Vanaja Sunder Iyer (Networth Rs 888 cr) and Dolly Khanna (Networth Rs 452 cr) just bought 1.36% and 1.07% stake respectively in this company.
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The interesting thing to note there is that ace investor Ashish Kacholia (Networth Rs 2,901 cr) has been holding a 1.75% in the company since March 2022.
This even though the company’s debt grew from Rs 78 cr in FY22 to Rs 146 cr in FY24, which was apparently for expansion.
The income tax department had also conducted search operations at various business premises of the company. The company has not received any formal communication from the IT department regarding the findings of this investigation.
Cut to the end of 2024, the company added 908,000 new customers and 19% of its overall purchases took place through repeat customers, as per its investor presentation from November 2024.
What is it that the Warren Buffets of India are seeing in this stock?
Let us take a look at this company to try and find out.
Stove Kraft Ltd (SKL)
The company is a leading home appliance brand that just completed 25 years in business in 2024. It manufactures a wide range of kitchen solutions under Pigeon (value), Gilma (semi-premium) brands and acts as an exclusive partner for kitchen appliances of the BLACK + DECKER (premium) brand.
The products comprise cookware and cooking appliances, while the home solutions consist of various household utilities, including the recently introduced LED bulbs, oxymeters, etc.
With a current market cap of Rs 3,042 cr, the company has managed to reduce its overall debt from Rs 371 cr 7 years back to Rs 295 cr currently.
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