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Gorani Industries Ltd

GORANIN
BSE
43.21
5.24%
Last Updated:
02 Apr '26, 3:59 PM
Company Overview
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Gorani Industries Ltd

GORANIN
BSE
43.21
5.24%
02 Apr '26, 3:59 PM
Company Overview
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6M
Price
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Quick Ratios

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Mkt Cap
Market Capitalization
23Cr
Close
Close Price
43.21
Industry
Industry
Domestic Appliances - Cookers/Others
PE
Price To Earnings
24.98
PS
Price To Sales
0.63
Revenue
Revenue
37Cr
Rev Gr TTM
Revenue Growth TTM
-22.90%
PAT Gr TTM
PAT Growth TTM
-16.36%

Quarterly Results

Standalone
Numbers
Percentage
QuarterMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Revenue
RevenueCr
8812111211121371299
Growth YoY
Revenue Growth YoY%
-4.1-12.6-4.9-13.046.131.03.220.5-37.910.6-30.0-29.9
Expenses
ExpensesCr
9711111110131261189
Operating Profit
Operating ProfitCr
-111011011111
OPM
OPM%
-11.69.36.72.19.19.7-2.86.911.96.27.05.7
Other Income
Other IncomeCr
000000000000
Interest Expense
Interest ExpenseCr
000000000000
Depreciation
DepreciationCr
000000000000
PBT
PBTCr
-101011-110000
Tax
TaxCr
000000000000
PAT
PATCr
-100011000000
Growth YoY
PAT Growth YoY%
-167.4-30.8-59.6-93.8193.641.7-205.3925.0-41.4-51.0142.5-61.0
NPM
NPM%
-7.84.53.20.45.04.8-3.33.24.72.12.01.8
EPS
EPS
-1.10.70.70.11.10.9-0.80.80.60.50.30.3

Profit & Loss

Standalone
Numbers
Percentage
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Revenue
RevenueCr
667202021182942424337
Growth
Revenue Growth%
47.6-6.725.8175.11.65.0-14.256.346.20.71.6-15.0
Expenses
ExpensesCr
657191920172639394134
Operating Profit
Operating ProfitCr
000111133323
OPM
OPM%
7.06.36.05.15.76.56.810.26.36.75.77.4
Other Income
Other IncomeCr
000000001000
Interest Expense
Interest ExpenseCr
000000001111
Depreciation
DepreciationCr
000000000000
PBT
PBTCr
000111122211
Tax
TaxCr
000000011000
PAT
PATCr
000111122111
Growth
PAT Growth%
581.7-22.432.9195.7-27.715.01.7152.0-9.9-9.3-36.97.3
NPM
NPM%
4.13.43.63.92.83.03.65.83.63.22.02.5
EPS
EPS
0.50.40.61.41.11.31.43.42.82.51.61.7

Balance Sheet

Standalone
Numbers
Percentage
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
Equity CapitalCr
555555555555
Reserves
ReservesCr
-3-2-2-100136788
Current Liabilities
Current LiabilitiesCr
33787761016151720
Non Current Liabilities
Non Current LiabilitiesCr
440000011110
Total Liabilities
Total LiabilitiesCr
91010121213122128283134
Current Assets
Current AssetsCr
8871091091725252831
Non Current Assets
Non Current AssetsCr
122233333333
Total Assets
Total AssetsCr
91010121213122128283134

Cash Flow

Standalone
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating Cash Flow
Operating Cash FlowCr
0100121-5-100
Investing Cash Flow
Investing Cash FlowCr
0-100-1-10-1000
Financing Cash Flow
Financing Cash FlowCr
10-101-2-173-20
Net Cash Flow
Net Cash FlowCr
10-1010011-30
Free Cash Flow
Free Cash FlowCr
0000011-6-2-10
CFO To PAT
CFO To PAT%
116.1549.80.151.0106.3309.6215.1-308.2-90.5-33.032.1
CFO To EBITDA
CFO To EBITDA%
68.6300.60.139.251.5143.4113.1-175.1-51.4-15.811.3

Ratios

Standalone
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
00613136640866046
Price To Earnings
Price To Earnings
0.00.022.315.019.99.89.224.057.443.953.7
Price To Sales
Price To Sales
0.00.00.90.60.60.30.31.42.01.41.1
Price To Book
Price To Book
0.00.02.03.02.51.21.05.47.64.83.5
EV To EBITDA
EV To EBITDA
9.410.623.616.014.26.56.315.635.724.523.4
Profitability Ratios
Profitability Ratios
GPM
GPM%
41.242.635.917.719.421.525.426.830.621.822.1
OPM
OPM%
7.06.36.05.15.76.56.810.26.36.75.7
NPM
NPM%
4.13.43.63.92.83.03.65.83.63.22.0
ROCE
ROCE%
4.02.84.011.610.713.912.317.912.112.29.3
ROE
ROE%
11.17.98.820.412.412.711.422.513.310.96.5
ROA
ROA%
2.82.02.76.44.85.15.58.05.34.82.8
Operational Ratios
Operational Ratios
Solvency Ratios
Solvency Ratios
Liquidity Ratios
Liquidity Ratios
### **Overview** Gorani Industries Ltd., established in **1996** by brothers **Sanjay Gorani** and **Narendra Gorani**, is a leading Indian manufacturer specializing in **kitchen and home appliances**. Over the past three decades, the company has evolved from producing the Nutan Kerosene Wick Stove—a popular household product at the time—into a prominent player in the modern kitchen appliances market. The company operates under well-recognized brand names **BLOWHOT** and **ONLINE**, offering ISI-certified products known for **reliability, modern design, safety, and technological sophistication**. Headquartered in **Indore, Madhya Pradesh**, with a primary manufacturing facility on **Sanwer Road**, Gorani Industries has built a strong presence across **Central, North, and South India**. It is recognized as a pioneer in **modular kitchen solutions** and was the **first company in India to receive ISI certification for gas geysers**, underscoring its commitment to quality and regulatory compliance. --- ### **Core Business & Product Portfolio** Gorani Industries operates exclusively in the **home appliances segment**, focusing on: - **LPG stoves and gas hobs** - **Gas and electric geysers / water heaters** - **Kitchen chimneys (range hood)** - **Induction cookers** The company emphasizes **user-friendly, aesthetically improved, and safe kitchenware**, primarily targeting key customer segments such as **women, housewives, and students**. Its product development is deeply rooted in understanding end-user needs through direct market exposure and practical innovation. --- ### **Strategic Focus & Growth Initiatives (As of Sep 2025)** As of **September 2025**, Gorani Industries continues to strengthen its market position through a multi-pronged strategy: #### 1. **Product Innovation & Customization** - Developing product lines across **varied capacities, formats, and pricing tiers** to cater to diverse consumer preferences. - Recent innovations include **high-tech range hoods (models RH:009 and RH:010)** with auto-open, downward-moving, and flip-motion mechanisms—products uniquely assembled **in-house**, making Gorani the **only Indian manufacturer** capable of producing these advanced models. - Plans are underway to launch **6 new chimney models, 8 new gas stove variants, and 3 additional geyser models**, significantly expanding its portfolio. #### 2. **Technology & Design Excellence** - Despite having **no formal imported technology**, the company leverages **34 years of cumulative experience** from its founding directors, particularly **Mr. Geet Gorani**, who represents the second-generation leadership. - Frequent, long-term visits to **China** by management have enabled deep insights into **international design trends and consumer behavior**, which have been integrated into product durability and functionality improvements. - Emphasis on **OEM manufacturing capability**, with expanded production capacity enabling Gorani to offer **OEM services to other brands**. #### 3. **Brand & Market Expansion** - Under Mr. Geet Gorani’s leadership, the company expanded operations to **over 20 Indian states within three years**, more than **doubling revenue** through enhanced marketing and strategic initiatives. - The company is preparing for a **rebranding exercise**: following a planned **merger**, it intends to change its legal name to **"Blowhot Kitchen Appliances Limited"**—aligning its corporate identity with its most recognized brand to enhance **consumer recall and market demand**. #### 4. **Sales & Distribution Strategy** - **E-commerce sales** have emerged as a major growth channel, with significant increases in **direct-to-consumer online purchases**. - The company expects **turnover growth to accelerate** due to rising digital adoption and online retail dominance. - Strong **dealer and distributor network** supports offline sales across India. --- ### **Financial & Operational Strategy** - **Profitability Enhancement**: The company is focused on **cost optimization in manufacturing and sales**, reducing shared product costs, and maximizing **input tax credits under the GST regime** to improve internal cash generation and profitability. - **"Make in India" Alignment**: Increasing in-house production of imported components to **reduce import dependency**, improve cost control, and strengthen competitiveness. - **Production Efficiency**: The Indore plant is designed for **operational efficiency**, supporting scalable output. In May 2022, preliminary winter demand drove a **15% increase in geyser production**, reflecting agility in responding to seasonal trends.