Comrade AppliancesShare price, financial results, shareholding and management
- Market cap
- ₹32 cr
- Stock P/E
- -peers 22.2
- Book value
- ₹16.9
- Price to book
- 2.40
- EV / operating profit
- -
- Market cap to sales
- 1.05
- ROCE · FY26
- -18.2%
- ROE · FY26
- -52.8%
- ROE, 3-year average
- -15.2%
- Operating margin · FY26
- -15.5%peers 9.8%
- Sales growth, 3 years
- 3.9%
- Profit growth, 3 years
- -1884.9%
- Debt to equity
- 2.89peers 0.23
- Borrowings
- ₹38.1 cr
- Interest cover
- No interest
- Cash from business / op. profit
- 112%
- Debtor days
- 0
- Pledged
- 0.00%
- Promoter holding
- 70.05%
- Change in promoter holding
- +0.20 pts
- Shareholders
- 441
- 52-week high / low
- ₹89 / ₹21
- Dividend yield
- 0.00%
- Face value
- ₹10
Tap or hover on any figure for what it means. Our arithmetic on reported figures, at the latest close.
newboard is reading this company's filings. Its plain description, key points, management and study will appear here soon; the figures below are worked out from what it has filed.
Comrade Appliances share price chart
Close on 6 Nov 2026 · +1.99% on the day · Vol 1,000
Daily prices to 6 Nov 2026, adjusted for splits and bonuses. Closing prices only: check the exchange for the live price.
Share price returns
To the close of 6 Nov 2026
- 1 month
- +47.9%
- 3 months
- -6.3%
- 6 months
- +14.9%
- 1 year
- -53.8%
- Traded a day, 20 days
- ₹0.02 cr
Business growth
Sales and net profit, from the reported results
| Sales | Profit | |
|---|---|---|
| FY26 on FY25 | -47% | -1885% |
| 3 years, a year | +4% | - |
| Latest half, H2 FY26 | -62% | -206% |
Comrade Appliances revenue and profit growth
Half-yearly results · Profit and lossSales have grown slowly. Last year profit grew more slowly than sales, so the profit kept from each rupee of sales slipped.
SME companies report every six months. In the latest half, sales were lower than in the same half a year before. Profit grew more slowly than sales, so each rupee of sales left a little less profit.
Comrade Appliances half-yearly results
SME companies report every six months · ₹ crore
| H1FY24 | H2FY24 | H1FY25 | H2FY25 | H1FY26 | H2FY26 | |
|---|---|---|---|---|---|---|
| Sales | 9.94 | 19.05 | 16.81 | 40.50 | 14.85 | 15.26 |
| Expenses | 12.34 | 13.23 | 18.06 | 34.23 | 18 | 15.26 |
| Operating profit | -2.40 | 5.82 | -1.25 | 6.27 | -3.16 | 0 |
| OPM | -24.2% | 30.6% | -7.4% | 15.5% | -21.3% | 0.0% |
| Interest | 0.61 | 0.98 | 0.86 | 1.08 | 1.52 | 0 |
| Depreciation | 0.44 | 0.65 | 0.86 | 1.74 | 2.25 | 2.30 |
| Profit before tax | -3.42 | 4.27 | -2.90 | 3.49 | -6.88 | -2.26 |
| Net profit | -2.56 | 3.08 | -1.81 | 2.34 | -6.97 | -2.49 |
Comrade Appliances profit and loss
Full years to March, FY18 to FY26 · ₹ crore, consolidated where reported
| FY18 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|---|
| Sales | 0.58 | 21.62 | 25.96 | 29.54 | 26.88 | 28.99 | 57.31 | 30.11 |
| Expenses | 0.49 | 20.33 | 24.05 | 26.62 | 22.38 | 25.57 | 52.29 | 34.78 |
| Operating profit | 0.09 | 1.29 | 1.91 | 2.92 | 4.50 | 3.42 | 5.02 | -4.67 |
| OPM | 15.5% | 6.0% | 7.4% | 9.9% | 16.7% | 11.8% | 8.8% | -15.5% |
| Other income | 0.01 | 0 | 0.03 | 0.07 | 0.03 | 0.11 | 0.11 | 0.08 |
| Interest | 0.02 | 0.36 | 1.13 | 1.42 | 1.43 | 1.59 | 1.94 | 0 |
| Depreciation | 0.06 | 0.42 | 0.53 | 1.25 | 0.88 | 1.08 | 2.60 | 4.55 |
| Profit before tax | 0.02 | 0.51 | 0.28 | 0.32 | 2.22 | 0.85 | 0.60 | -9.15 |
| Tax rate | 0.0% | 17.6% | 32.1% | 46.9% | 26.1% | 37.6% | 11.7% | -3.4% |
| Net profit | 0.02 | 0.42 | 0.20 | 0.16 | 1.64 | 0.53 | 0.53 | -9.46 |
| EPS ₹ | 0.11 | 1.26 | 0.60 | 0.31 | 3.12 | 0.74 | 0.69 | 0 |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
A tax rate above 60% or below zero (FY26) comes from tax charged on a small or negative profit, as reported.
Earnings per share before FY20 is on the share count of that time, before later bonus or share issues, so it does not compare with the years after.
Comrade Appliances profitability
Margins and returns on capitalLast year the company kept less from each rupee of sales than the year before. Its costs were more than its sales. It earns a low return on the money it uses.
Operating margin, every year
Per cent of sales kept before interest, depreciation and tax
| FY18 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|---|
| Operating margin | 15.5% | 6.0% | 7.4% | 9.9% | 16.7% | 11.8% | 8.8% | -15.5% |
| Tax rate | 0.0% | 17.6% | 32.1% | 46.9% | 26.1% | 37.6% | 11.7% | -3.4% |
| ROCE | · | 16.9% | 11.0% | 9.6% | 19.3% | 9.5% | 6.3% | -18.2% |
| ROE | · | 17.5% | 5.3% | 2.9% | 24.8% | 4.5% | 2.7% | -52.8% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Comrade Appliances debt and cash flow
Balance sheet · Cash flow · Working capitalThe company's own money, its net worth, has shrunk. Its loans are now larger than its own money. Last year the business used more cash than it brought in. It spent more on assets and investments than the business brought in, and raised the rest from loans or shares. Customers pay faster than they did in FY24, which frees up the company's money.
Bars below the line are cash going out.
Comrade Appliances balance sheet
At each 31 March · ₹ crore
| FY18 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 1.85 | 3.32 | 3.32 | 5.17 | 5.25 | 7.53 | 7.78 | 7.78 |
| Reserves | 0.02 | -0.39 | 1.31 | 1.19 | 1.64 | 9.40 | 14.86 | 5.40 |
| Net worth | 1.87 | 2.93 | 4.63 | 6.36 | 6.89 | 16.93 | 22.64 | 13.18 |
| Borrowings | 1.47 | 4.01 | 14.12 | 11.13 | 13.50 | 13.93 | 26.85 | 38.13 |
| Other liabilities | 0.53 | 9.84 | 12.66 | 9.02 | 7.14 | 9.06 | 23.96 | 13.38 |
| Total liabilities | 3.87 | 16.78 | 31.41 | 26.51 | 27.53 | 39.92 | 73.45 | 64.69 |
| Fixed assets | 1.89 | 2.70 | 4.95 | 5.59 | 4.42 | 6.03 | 23.76 | 23.81 |
| Capital work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other assets | 1.98 | 14.08 | 26.46 | 20.92 | 23.11 | 33.89 | 49.69 | 40.88 |
Comrade Appliances cash flow
₹ crore
| FY18 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | -0.53 | 1.45 | -1.71 | 4.90 | -0.16 | -5.99 | 4.57 | -5.24 |
| Cash from investing | -2 | -1.16 | -3.47 | -0.38 | -0.94 | -2.63 | -20.29 | -4.53 |
| Cash from financing | 2.57 | -0.24 | 5.49 | -4.28 | 1.44 | 8.70 | 16.16 | 9.86 |
| Net cash flow | 0.04 | 0.05 | 0.31 | 0.24 | 0.34 | 0.08 | 0.44 | 0.09 |
Working capital
Days
| FY18 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|---|
| Debtor days | 145 | 88 | 124 | 84 | 72 | 104 | 0 | 0 |
| Inventory days | 677 | 139 | 243 | 211 | 337 | 352 | 253 | 396 |
| Days payable | 445 | 127 | 148 | 108 | 110 | 140 | 192 | 197 |
| Cash conversion cycle | 376 | 100 | 219 | 187 | 300 | 316 | 60 | 200 |
| Working capital days | 403 | 38 | 70 | 45 | 47 | 148 | -20 | -76 |
Comrade Appliances peers and competitors
Listed SME companies in the same industryBy sales, Comrade Appliances is number 70 of the 79 listed SME companies in consumer durables.
Each company's latest full year and its latest close; companies the exchange puts in the same industry, whose businesses can differ a good deal. A list, not a comparison of their shares.
| Company | Market cap ₹ cr | P/E | Sales ₹ cr | Profit ₹ cr | Op. margin | Debt/equity |
|---|---|---|---|---|---|---|
| Marc Loire Fashions | 29 | 16.4 | 35.4 | 1.8 | 7.7% | 0.00 |
| Ganga Bath Fittings | 56 | 43.9 | 35 | 1.3 | 14.9% | 0.27 |
| Varyaa Creations | 13 | 24.3 | 34.9 | 0.5 | 3.7% | 0.18 |
| Pulz Electronics | 46 | 10.0 | 33.8 | 4.6 | 17.9% | 0.01 |
| Dolphin Kitchen Utensils and Appliances | 10 | 2.9 | 33.2 | 3.6 | 13.5% | 0.05 |
| Super Fine Knitters | 20 | 22.2 | 31 | 0.9 | 5.9% | 0.42 |
| Comrade Appliances | 32 | - | 30.1 | -9.5 | -15.5% | 2.89 |
| Riddhi Display Equipments | 23 | 5.4 | 29.1 | 4.3 | 26.5% | 0.28 |
| Shashwat Furnishing Solutions | 12 | - | 24 | -0.4 | -0.2% | 0.44 |
| Retina Paints | 52 | 81.0 | 23.7 | 0.6 | 11.8% | 0.53 |
| Bindal Exports | 13 | 45.7 | 22.5 | 0.3 | 2.3% | 0.00 |
| Median of the 10 others | 22 | 22.2 | 32.1 | 1.1 | 9.8% | 0.23 |
Comrade Appliances shareholding pattern
Promoters, FIIs, DIIs, HNIs and small holdersThe promoters own more than half the company. Big foreign and Indian funds own very little. The number of shareholders has grown a lot.
Comrade Appliances shareholding pattern
Per cent of shares, from the patterns filed with the exchange. Tap + to see everyone holding 1% or more in that group. HNIs and small holders show only where the pattern was filed in full.
| Sep 23 | Mar 24 | Sep 24 | Mar 25 | Sep 25 | Mar 26 | |
|---|---|---|---|---|---|---|
| Promoters | 69.74% | 69.74% | 70.52% | 70.05% | 69.85% | 70.05% |
| Foreign investors (FIIs) | 5.47% | 5.47% | 5.33% | 5.30% | 5.33% | - |
| Number of shareholders | 209 | 236 | 372 | 523 | 487 | 441 |
Comrade Appliances latest news and announcements
Announcements · Documents · Corporate actionsWhat changed recently
Each half-year is set against the same half a year earlier
- H2 FY26: sales ₹15.3 cr (-62%), net profit -₹2.5 cr (-206%) on H2 FY25.
- Shareholding, 31 March 2026: promoters 69.85% to 70.05%.
Comrade Appliances announcements
14 on record, latest first; each opens the filing on the exchange
- Othersrevised Disclosure Under Regulation 30A of SEBI (LODR) Regulation, 2015 due to clerical errorPDF ↗
- OthersDisclosure under Regulation 30A of SEBI (LODR), Regulation, 2015PDF ↗
- Company UpdateCorporate Professionals Capital Pvt. Ltd. ("Manager to the Offer") has submitted to BSE a copy of Public Announcement under Regulation 3(1) and Regulation 4 reaPDF ↗
- Company UpdateRevised Announcement under Regulation 30 (LODR) due to clerical errorPDF ↗
- Company UpdateRevised outcome of Board Meeting held on 13th October 2026PDF ↗
- Company UpdateIssue and alloment of up to 24,00,000 Equity Shares by Comrade Appliances Limited("the company" or the "Issuer") purusant to SEBI (ICDR) Regulation, 2018 with rPDF ↗
- Company UpdateAnnouncemen under Regulation 30 (LODR)PDF ↗
- Board MeetingOutcome of Board Meeting held on 13th October 2026PDF ↗
- Board MeetingComrade Appliances Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/10/2026 ,inter alia, to consider and approvePDF ↗
- Company UpdateIntimation regarding deferment of the Board meeting scheduled to be held today i.e., October 01, 2026PDF ↗
- Board MeetingComrade Appliances Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 01/10/2026 ,inter alia, to consider and approvePDF ↗
- AGM/EGMPlease find enclosed herewith Scrutinizer''s report for the 10th AGM held on 23rd September 2026PDF ↗
Comrade Appliances annual reports, earnings calls and documents
Every document links to its source; “read” marks those this page is built from
Comrade Appliances share split, bonus and dividends
From the corporate actions the company announces on the exchange
No share split, bonus issue or dividend is on record since listing.
Checks we ran on Comrade Appliances' data · 8
Before any number shows, it goes through the same checks. A figure that fails is held back, never shown as if it were right.
- ✓Balance sheet totals add up for FY25 and FY26.
- ✓Market cap uses the share count in the latest shareholding pattern (77,78,795 shares).
- ✓The share capital in the FY26 results matches the share count in the shareholding pattern.
- ✓Promoter and public holdings add up to 100% in every shareholding pattern shown.
- ✓The two half-years of FY26 add up to the full-year sales.
- ✓Earnings per share moves in line with profit across the years shown.
- ✓Revenue and profit are reported for every year shown, FY18 to FY26.
- iPrices run to the close on 14 Oct 2026, from the exchange's daily figures.
Questions people ask about Comrade Appliances
What does Comrade Appliances do?
Comrade Appliances is an SME company listed on BSE SME, in consumer durables.
What is the share price of Comrade Appliances?
₹40.5 at the close on 6 Nov 2026, from the exchange's daily figures.
What is the market cap of Comrade Appliances?
₹32 cr at the close on 6 Nov 2026, on 77,78,795 shares.
What are Comrade Appliances' revenue and profit?
Revenue ₹30 cr and profit after tax -₹9 cr in FY26.
Who are the promoters of Comrade Appliances?
The promoter group; promoters held 70.05% at 31 March 2026.
What is Comrade Appliances' website?
www.comrade.net.in
More SME companies like Comrade Appliances
Other listed SME companies in consumer durables, the closest in size first, each read from its own documents.
- Koura Fine Diamond JewelryKOURA · BSE SME · Consumer DurablesMarket cap ₹32 cr
- Rexpro EnterprisesREXPRO · NSE Emerge · Consumer Durables · listed 2025Market cap ₹32 cr
- Aritas VinylARITAS · BSE SME · Consumer DurablesMarket cap ₹28 cr
- Aspire & Innovative AdvertisingASPIRE · NSE Emerge · Consumer Durables · listed 2024Market cap ₹25 cr
- Marc Loire FashionsMARCLOIRE · BSE SME · Consumer DurablesMarket cap ₹24 cr
- Retina PaintsRETINA · BSE SME · Consumer DurablesMarket cap ₹41 cr
Built from 14 exchange announcements, 6 shareholding patterns and 8 years of reported results. Every figure carries its source; where the documents are silent, the page says so.