Comrade Appliances Limited
BSE: COMRADE · Consumer Electronics
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Snapshot
Unlock Comrade Appliances Limited's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Comrade Appliances Limited is an Indian manufacturer specialising in consumer durable goods and home appliances. The company operates as an Original Equipment Manufacturer (OEM) and Original Design Manufacturer (ODM) for established brands, focusing on air coolers, electric geysers, and induction cooktops.
Business Model
The company generates revenue through the manufacturing and marketing of household appliances, leveraging integrated production processes to provide cost-effective solutions. It serves both domestic and commercial segments by acting as a production partner for various established brands in the Indian market.
Management Commentary
Management emphasises the company's technical expertise and the expansion of its product range to align with evolving consumer preferences for energy-efficient appliances. The firm focuses on maintaining a competitive edge within the Indian consumer electronics space through its established distribution network.
Growth Outlook
Growth is driven by the continuous expansion of the product portfolio to include modern, energy-efficient household appliances. The company aims to leverage its manufacturing capabilities to capture further demand within the competitive Indian consumer durables market.
Key Risks
- Intense Market Competition. The consumer electronics sector in India is highly fragmented and competitive, which may exert pressure on profit margins.
- Input Cost Volatility. Fluctuations in the prices of raw materials such as steel, copper, and plastic can significantly impact manufacturing costs.
- Dependency on OEM Clients. As an OEM/ODM provider, the company's performance is closely linked to the market success and procurement strategies of its client brands.
- Regulatory and Compliance Risks. Changes in energy efficiency standards or government regulations regarding consumer appliances could necessitate costly product redesigns.
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Peers · Consumer Electronics
| Company | Mkt Cap | P/E | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Comrade Appliances LimitedCOMRADE | ₹28 Cr | — | — | — | -15.5% | — | — | -63.1% |
IKIO Technologies LimitedIKIO | ₹1,652 Cr | 33.76 | 15.93 | 34.5% | 16.3% | 8.6% | 12.0% | +3.4% |
Onida Electronics LimitedMIRCELECTR | ₹1,337 Cr | -17.06 | -36.63 | -11.6% | -5.8% | -41.1% | -26.9% | +30.4% |
CWD LimitedCWD | ₹773 Cr | — | — | — | 18.0% | — | — | — |
Universus Photo Imagings LimitedUNIVPHOTO | ₹499 Cr | -28.40 | 27.12 | -5.2% | 95.4% | -2.1% | 2.1% | +75.6% |
Focus Lighting and Fixtures LimitedFOCUS | ₹455 Cr | 78.48 | 21.91 | 14.9% | 10.9% | 4.0% | 6.8% | -28.9% |
As of Mar 2026
Financials
Comrade Appliances Limited
BSE: COMRADE · Consumer Electronics
Limited coverage
We are not actively covering this company or have limited coverage today. Click to request coverage.
Snapshot
Unlock Comrade Appliances Limited's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Comrade Appliances Limited is an Indian manufacturer specialising in consumer durable goods and home appliances. The company operates as an Original Equipment Manufacturer (OEM) and Original Design Manufacturer (ODM) for established brands, focusing on air coolers, electric geysers, and induction cooktops.
Business Model
The company generates revenue through the manufacturing and marketing of household appliances, leveraging integrated production processes to provide cost-effective solutions. It serves both domestic and commercial segments by acting as a production partner for various established brands in the Indian market.
Management Commentary
Management emphasises the company's technical expertise and the expansion of its product range to align with evolving consumer preferences for energy-efficient appliances. The firm focuses on maintaining a competitive edge within the Indian consumer electronics space through its established distribution network.
Growth Outlook
Growth is driven by the continuous expansion of the product portfolio to include modern, energy-efficient household appliances. The company aims to leverage its manufacturing capabilities to capture further demand within the competitive Indian consumer durables market.
Key Risks
- Intense Market Competition. The consumer electronics sector in India is highly fragmented and competitive, which may exert pressure on profit margins.
- Input Cost Volatility. Fluctuations in the prices of raw materials such as steel, copper, and plastic can significantly impact manufacturing costs.
- Dependency on OEM Clients. As an OEM/ODM provider, the company's performance is closely linked to the market success and procurement strategies of its client brands.
- Regulatory and Compliance Risks. Changes in energy efficiency standards or government regulations regarding consumer appliances could necessitate costly product redesigns.
Start your research today
Unlock AI insights, financials, peers and live data on Comrade Appliances Limited and 5,000+ companies — free.
Peers · Consumer Electronics
As of Mar 2026