Stove Kraft TP raised 29% to ₹900 on induction tailwinds, IKEA-Walmart export ramp
Broker maintains Buy citing post-LPG induction cook-top demand, scaling exports via IKEA and Walmart, and operating leverage as ₹500 cr FY22-26 capex cycle winds down. Revenue targeted at ₹2,500 cr vs ₹1,500 cr FY26, with EPS CAGR pegged at 52% through FY26-28E.
Broker maintains Buy on Stove Kraft with TP raised 29% to ₹900, citing induction cook-top tailwinds post-LPG disruption, export ramp-up via IKEA and Walmart supplies, and operating leverage as ₹500 crore capex cycle ends.
Why this matters
Builds on Stove Kraft's induction-led FY27 growth bet above 15% and Q4 profit jumping 4x on 32.5% revenue rise, reinforcing the appliance and export thesis.
Retail-company signals steady at 3,520 in last 90 days.