Inflame Appliances (BSE: INFLAME) had a P/E of 28.5× on 6 Nov 2026, below the industry P/E of 30.6×, and the shares are 38% below their 52-week high. Its ROCE of 14% is the second-highest among the 7 largest Furnishings, Fixtures & Appliances peers, and sales and net profit grew 25% and 22% a year over 3 years. Debt is 0.85× equity. It is listed on an SME platform with a market cap of ₹166 Cr, ranked 36th of 54 Furnishings, Fixtures & Appliances companies by market cap; the shares fell 11% over the past year.
- ₹210.30
- ₹221.80
- ₹210.20
- ₹219.05
- 3.3K
Health check
- ReturnsAhead
−10.6% over a year, better than 7 of 7 peers.
- Price tagIn line
P/E 28.5 vs industry 30.6.
- GrowthStrong
Sales +24.8%, profit +21.7% a year over 3 years.
- ProfitabilityAverage
ROCE 14.4% vs peer median 9.0%.
- Balance sheetFair
Debt 0.85× equity, interest covered 3.3×, Piotroski 8 of 9.
- Red flags1 to check
38% below its 52-week high.
Small cap
Defensive
Key metrics
- Market cap
- ₹166 Cr
- Small cap
- P/E
- 28.5
- Industry 30.6
- Price to book
- 2.69
- Peers 4.21
- Dividend yield
- 0.00%
- ROE
- 10.0%
- Peers 5.8%
- ROCE
- 14.4%
- Peers 9.0%
- Debt to equity
- 0.85
- Debt ₹53 Cr
- EPS (TTM)
- ₹7.79
- OPM (TTM)
- 10.3%
- Net margin 3.9%
- Sales growth
- +39.5%
- Latest quarter vs a year ago
- Profit growth
- −0.9%
- Latest quarter vs a year ago
- Price to sales
- 1.11
- EV/EBITDA 10.7
Strengths and risks
Strengths
- Quarterly sales up 39.5% on a year ago.
Risks to check
- 38% below its 52-week high.
About Inflame Appliances
Inflame Appliances Limited manufactures and sells kitchen appliances in India. The company offers liquefied petroleum gas stoves, cooktops, chimney, and sheet metal components. It also provides pyramid, curved glass, straight t-shaped, vertical, and island chimneys, as well as built-in gas hobs. The company offers its products under the Inflame brand name. The company was formerly known as Techno Engineering Corporation and changed its name to Inflame…
- Headquarters
- Panchkula
- Employees
- 144
- Sector
- Consumer Cyclical
- ISIN
- INE464Z01017
- Website
- inflameindia.com
Price range
- Avg volume (3M)
- 7.7K
- 1-year return
- minus 10.6%
- From 52-week high
- minus 38.2%
Peers · Furnishings, Fixtures & Appliances
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| VOLTASVoltas | 1,099.00 | minus 1.47% | 36,364 | 77.8 | 5.39 | 9.3% | 5.8% | 4.9% | 14.5% | 40.7% | 0.36% | minus 17.9% |
| AMBERAmber Enterprises India | 6,403.00 | minus 2.76% | 22,582 | 236.1 | 5.15 | 7.2% | 5.3% | 7.2% | 20.7% | 4.2% | 0.00% | minus 15.5% |
| CROMPTONCrompton Greaves Consumer Electricals | 215.66 | plus 4.42% | 13,887 | – | 4.59 | −1.5% | −4.4% | 10.3% | 5.6% | – | 1.39% | minus 27.1% |
| WHIRLPOOLWhirlpool of India | 826.70 | plus 0.44% | 10,493 | 41.8 | 2.52 | 9.0% | 7.2% | 6.2% | 6.4% | 10.3% | 0.60% | minus 40.1% |
| TTKPRESTIGTTK Prestige | 608.75 | plus 10.47% | 8,338 | 43.1 | 4.21 | 10.8% | 8.3% | 8.8% | 2.3% | −14.2% | 1.23% | minus 17.6% |
| CELLOCello World | 363.75 | minus 2.27% | 8,204 | 26.4 | 2.91 | 16.1% | 13.0% | 19.9% | 9.2% | 7.6% | 0.41% | minus 41.6% |
| EUREKAFORBEureka Forbes | 366.20 | plus 4.27% | 7,092 | 37.1 | 1.54 | 4.0% | 3.6% | 11.5% | 9.0% | 83.1% | 0.00% | minus 35.1% |
| INFLAMEInflame Appliances | 221.80 | plus 1.26% | 166 | 28.5 | 2.69 | 14.4% | 10.0% | 10.3% | 24.8% | 21.7% | 0.00% | minus 10.6% |
| Median of 7 peers | – | 0.44% | 10,493 | 42.5 | 4.21 | 9.0% | 5.8% | 8.8% | 9.0% | 8.9% | 0.41% | −27.1% |
Quarterly results
This company doesn’t report these figures in a format we can read yet.
Profit & loss
- Sales CAGR 3Y
- +24.8%
- Profit CAGR 3Y
- +21.7%
- ROE
- 10.0%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 77.4 | 92.4 | 106 | 150 | |
| – | +19.5% | +14.9% | +41.5% | |
| 69.7 | 84.3 | 94 | 130 | |
| 7.7 | 8.2 | 12.2 | 20.4 | |
| 9.9% | 8.8% | 11.5% | 13.6% | |
| 2.1 | −0 | −0.8 | −2.1 | |
| 1 | 2.2 | 2.5 | 3.6 | |
| 2.2 | 4.4 | 4.8 | 6.3 | |
| −2.1 | −0 | – | −0.3 | |
| 4.4 | 1.5 | 4 | 8.2 | |
| 26.5% | 31.5% | 22.4% | 28.1% | |
| 3.2 | 1 | 3.1 | 5.8 | |
| – | minus 67.6% | +198.1% | +86.7% | |
| 4.54 | 1.43 | 4.17 | – |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 7.3 | 7.3 | 7.5 | 7.5 | |
| 34 | 39.6 | 48.5 | 54.4 | |
| 27.3 | 38.3 | 41.9 | 52.5 | |
| 14 | 19 | 30.4 | 31.3 | |
| 82.6 | 104 | 128 | 146 | |
| 25.2 | 34.7 | 22.1 | 19.7 | |
| 12.7 | 2 | 5.5 | 3 | |
| 3.5 | 2.5 | 0 | 4.1 | |
| 41.2 | 65 | 101 | 119 | |
| 82.6 | 104 | 128 | 146 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −2.2 | 3.8 | 1.7 | 11.5 | |
| −24.1 | −10.9 | −7.4 | −6.6 | |
| 26.4 | 8.3 | 4.4 | −4.8 | |
| 0.2 | 1.2 | −1.4 | 0 | |
| −16.8 | −14.3 | −10.6 | −7.4 | |
| −19 | −10.4 | −8.9 | 4 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
No recent news coverage found.