Inflame Appliances Limited

BSE: INFLAME · Houseware

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Snapshot

Unlock Inflame Appliances Limited's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Inflame Appliances Limited is an Indian manufacturer specialising in kitchen appliances such as electric chimneys, hobs, and gas stoves. The company operates as an original equipment and design manufacturer, serving leading national consumer durable brands.

Business Model

The company generates revenue through long-term manufacturing contracts with major consumer durable brands, leveraging its integrated production facilities in Himachal Pradesh and Telangana. It focuses on design-led manufacturing to support the requirements of its institutional clients.

Growth Outlook

Growth is driven by the expansion of production capacity to meet the rising demand within the domestic home appliances market. The company aims to strengthen its position as a key player in the organized kitchen appliances sector.

Key Risks

  • Client Concentration. The business model relies heavily on long-term contracts with a limited number of major consumer durable brands.
  • Input Cost Volatility. Fluctuations in the prices of raw materials like steel and glass can significantly impact manufacturing margins.
  • Competitive Pressure. The kitchen appliances sector is highly competitive, with both organized and unorganized players vying for market share.
  • Operational Risks. Reliance on specific manufacturing facilities in Himachal Pradesh and Telangana exposes the company to regional supply chain or regulatory disruptions.

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Peers · Houseware

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Inflame Appliances LimitedINFLAME
₹181 Cr13.0%+23.1%
Cello World LimitedCELLO
₹7,749 Cr25.0614.807.2%22.3%13.3%16.6%-35.0%
Hawkins Cookers LimitedHAWKINCOOK
₹4,352 Cr14.0%-8.2%
Borosil LimitedBOROLTD
₹2,868 Cr40.9215.619.1%15.8%8.3%10.7%-27.5%
All Time PlasticALLTIME
₹1,335 Cr36.9214.0615.4%5.6%8.5%-31.4%
Maruti Interior Products LimitedSPITZE
₹190 Cr13.0%-66.9%

As of Mar 2026

Financials