Assembled from the company's filings and exchange data as of today. Download PDF renders this page on the server; the narrative sections arrive with the Nexa composer.
Dossier · Comrade Appliances Limited · 29 October 2026Page 1 of 3
Company Dossier
MarketPing Research · factual · no rating expressed
Comrade Appliances Limited
BSE: 543921
BSE: 543921
Consumer Discretionary › Consumer Durables › Consumer Durables › Consumer Electronics
Comrade Appliances Limited
StateQ4 FY26 filed
Last close · 27 Oct 2026₹36.73
Market cap₹0.0k cr
TTM P/E · P/B · EV/EBITDA2.9 · 2.17 · —
Comrade Appliances Limited is a Consumer Durables company. The annual-report business brief for this company has not been generated yet; the numbers below are as filed.
What a broker report prints here — the analyst's thesis. This dossier prints the filed record instead; the narrative read of the latest results, the guidance ledger and the earnings-call summary are the composer's sections (INSTITUTIONAL-PLAN.md M3) and are not yet produced.
Exhibit 1: Financial summary, FY24–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 29 | 57 | 30 |
| EBITDA (ex other income) | — | — | (5) |
| margin % | — | — | (15.5) |
| Owners' profit | — | — | (9) |
| EPS, as reported (₹) | 0.74 | 0.69 | 24.32 |
| ROE % · ROCE % | — · 12.7 | — · 7.3 | (71.8) · (30.5) |
| Debt / equity (x) | — | — | 1.23 |
| Cash from operations | (6) | 5 | (5) |
| Capex | — | (20) | (5) |
Source: SEBI results XBRL as filed with BSE/NSE; EBITDA excludes other income.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · Comrade Appliances Limited · 29 October 2026Page 2 of 3
Exhibit 2: Quarterly performance, last 6 quarters
| ₹ crore | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|
| Revenue | 10 | 19 | 17 | 41 | 15 | 15 |
| Profit before tax | (3) | 4 | (3) | 3 | (7) | (2) |
| Net profit | — | — | — | — | — | (2) |
| EPS (₹) | (3.83) | 4.34 | (2.39) | 0.00 | 9.02 | 6.28 |
Source: quarterly results as filed; the balance sheet is filed half-yearly and is not repeated here.
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| DIXON TECHNO (INDIA) LTD | 69,349 | 33.0 | 12.87 | 26.8 | 30.5 | 31.7 | 49.9 | 6.4 |
| HAVELLS INDIA LIMITED | 64,354 | 39.4 | 6.80 | 24.0 | 17.8 | 21.5 | 16.6 | 8.0 |
| PG ELECTROPLAST LTD | 15,336 | 74.5 | 5.03 | 36.0 | 6.4 | 7.5 | 49.7 | 7.7 |
| IKIO TECHNOLOGIES LIMITED | 1,269 | 25.9 | 2.08 | 14.0 | 6.8 | 8.3 | — | 15.5 |
| CWD Limited | 589 | 13.8 | — | — | — | 13.8 | — | — |
| FOCUS LIGHTG & FIXTRS LTD | 350 | 60.5 | 2.39 | 19.2 | 3.5 | 4.8 | — | 14.9 |
| SONAM LIMITED | 285 | 31.6 | 3.98 | — | 10.2 | 12.9 | — | 8.1 |
| VETO SWITCHGEAR CABLE LTD | 236 | 8.6 | 0.82 | 6.5 | 8.5 | 11.2 | 16.4 | 11.2 |
Source: exchange data and filed statements via the screener; multiples at current prices.
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 2.9 | 31.6 | 1 of 11 | 100% |
| P/B | 2.2 | 2.4 | 5 of 11 | 60% |
| ROCE | (30.5) | 8.3 | 13 of 13 | 0% |
| ROE | (71.8) | 6.5 | 11 of 11 | 0% |
| Debt / Equity | 1.2 | 0.1 | 11 of 11 | 0% |
| EBITDA margin | 0.2 | 8.0 | 10 of 11 | 10% |
| Revenue growth | (19.9) | 33.3 | 12 of 13 | 8% |
| Market cap | 29 | 261 | 13 of 14 | 8% |
Source: MarketPing peer ranks; a rank is a measurement, not a view.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · Comrade Appliances Limited · 29 October 2026Page 3 of 3
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 27 Oct 2026 · Open offer for up to 26% of Comrade Appliances at INR 35 per share | strategic transactions | high | — | — |
| 21 Oct 2026 · Open Offer at Rs 35 per share to acquire 26 percent of Comrade Appliances | strategic transactions | high | — | — |
| 15 Oct 2026 · Compliance certificate under SEBI Regulation 74(5) for Sep 2026 quarter | compliance | minimal | — | — |
| 15 Oct 2026 · Postal Ballot Notice - E-voting Oct 15 to Nov 13, 2026 | compliance | minimal | — | — |
| 14 Oct 2026 · Postal ballot notice for preferential equity share issue and change of control | fund raising | high | — | — |
| 14 Oct 2026 · Promoter to sell 24.30% stake; control change expected | ownership changes | high | — | — |
| 14 Oct 2026 · Promoter Mehboob Alam to sell 24.30% stake in Comrade Appliances | ownership changes | high | — | — |
| 14 Oct 2026 · Open Offer for 26% stake at INR 35 per share triggered by promoter group transaction | strategic transactions | high | — | — |
| 13 Oct 2026 · Comrade Appliances preferential issue of 24 lakh shares at Rs 34; control change | fund raising | high | — | — |
| 13 Oct 2026 · Preferential issue of 24 lakh shares and promoter stake sale triggering change of control | fund raising | high | — | — |
Source: exchange announcements; each reaction is measured from the close before the filing. Next day = the close one session after the reaction day (the first session that could trade the filing).
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in