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Crompton Greaves Consumer Electricals Ltd share Price Today

Company details

285.00
287.75
251.00
376.50
6M Return 4.69%
1Y Return -20.71%
Mkt Cap.(Cr) 18,417.35
Volume 475,315
Div Yield 1.05%
OI
-
OI Chg %
-
Volume 475,315

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Lighting, fans segment impacts revenue growth…
About The Stock

    Crompton Greaves Consumer (CGCEL) is among India’s leading fast moving electrical goods (FMEG) companies, present in electrical consumer durables (~80% of revenue) and lighting businesses (~20% of revenue).

    • Market leader in the domestic fan industry with value market share of 29%. The company has enhanced focus on increasing market share in home appliances categories like (air coolers, water heater and kitchen appliances)
    • Robust balance sheet with RoE & RoCE of 34% & 39% (three-year average), respectively, with stringent working capital policy
Q4FY22 Results

    Lower demand for lightings & pumps had restricted Q4 revenue growth for the company

    • Consolidated revenues grew marginally by ~2% YoY to ~₹ 1548 crore. ECD segment revenue growth of 3% was impacted by lower demand of pumps. Lighting revenues declined by ~4% owing lower demand of B2G products
    • Gross margin declined ~100 bps YoY owing to higher RM costs. However, savings in other costs restricted EBITDA margin fall at 20 bps YoY to 14.8%
    • PAT declined 29% YoY to ₹ 178 crore due to higher base (as base period PAT includes one-time tax benefits) and flattish EBITDA

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Household Appliances company Crompton Greaves Consumer Electricals announced Q1FY24 results:

  • Consolidated Q1FY24:
    • Revenue for Q1FY24 at Rs 1,877 crore compared to Rs 1,863 crore in Q1FY23, up 1% YoY
    • EBITDA for Q1FY24 at Rs 186 crore compared to Rs 220 crore in Q1FY23, down 16% YoY
    • PAT for Q1FY24 at Rs 122 crore compared to Rs 126 crore in Q1FY23, down 3% YoY
  • Standalone Q1FY24:
    • Revenue for Q1FY24 at Rs 1,657 crore compared to Rs 1,608 in Q1FY23, up 3% YoY
    • EBITDA for Q1FY24 at Rs 166 crore compared to Rs 194 crore in Q1FY23, down 14% YoY
    • PAT for Q1FY24 at Rs 115 crore compared to Rs 128 crore in Q1FY23, down 10% YoY

Commenting on the CGCEL’s performance, Promeet Ghosh, MD & CEO, said, “We witnessed a pickup in demand from June 2023 onwards amidst weak consumer sentiment in an inflationary environment and unfavourable weather conditions. ECD performance was led by Appliances, especially Mixer Grinders, Small Appliances, and Air Coolers. Our journey towards premiumization of our portfolio led to a higher share of premium Fans at 28% vs 24% in Q1FY23. In Pumps, we have strengthened our Residential product portfolio through our redefined brand architecture. Our focus on expanding the Rural channel will improve our share in the Agricultural segment. The lighting segment witnessed structural improvements in EBIT Margins to ~12% ( 310 bps) and we have initiated corrective actions to put the lighting business back on its growth path.

Our investments towards strengthening brand awareness, expanding our Go-to-Market strategy, building a centre for innovation excellence and people capabilities as well as cost optimization initiatives will help drive growth going forward.”

 

 

Result PDF

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OUR RESEARCH VIEW

Investment recommendation
Lighting, fans segment impacts revenue growth…
Call Date
28 Oct 2022
Entry Price 367.00
Target Price 415.00
Duration
12-18 Month

FINANCIALS

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Profit after Tax
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P BV

Crompton Greaves Consumer Electricals Ltd Stocks COMPARISION

INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 2,826.88 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 14,153.25 9,433.83
LAST 3M 52,013.67 -12,679.12
LAST 6M 91,616.63 68,581.38
LAST 12M 161,328.78 107,178.57
Crompton Greaves Consumer Electricals Limited - Press Release

Nov 30, 2023 l NSE Announcement

Crompton Greaves Consumer Electricals Limited - Updates

Nov 29, 2023 l NSE Announcement

Crompton Greaves Consumer Electricals Limited - Updates

Nov 28, 2023 l NSE Announcement

Date Action Type Ratio
Jul 07, 2023 Dividend 150
Jul 07, 2022 Dividend 125
Jul 08, 2021 Dividend 125

Crompton Greaves Consumer Electricals Ltd Information

Stock PE (TTM)
42.23
Promoter Holding
0%
Book Value
42.6481
ROCE
17.89%
ROE
18.64%
Description
  • Crompton Greaves Consumer Electricals Limited is an Indian electrical equipment company that manufactures and distributes a range of consumer electronic items, including fans, pumps, LED lighting, and household appliances such as air coolers, water heaters, mixer grinders, irons, etc. The company was incorporated as a public limited company on 25 February 2015, and its headquarters are located in Mumbai, Maharashtra. As of 20 October 2022, the market capitalisation of the company stood at Rs 24,488 crore.

    The company is listed on the National Stock Exchange (NSE) under the code CROMPTON and the Bombay Stock Exchange (BSE) under the code 539876. The company has also been included in indices BSE 100 and BSE 500.

    Crompton Greaves Consumer Electricals Limited markets its products in India under the brand name Crompton. It also sells its products in certain export markets. As of 31 March 2022, the company’s revenue stood at Rs 53.73 billion, and its employee strength was more than 2,000. For the quarter that ended June 2022, the company reported consolidated sales of Rs 1,862.94 crore with a net profit of Rs 121.01 crore.

    In June 2022, the shareholding pattern of the company reflected a 37.27% stake in the company belonged to foreign institutional investors, a 32.58% stake was invested in mutual funds, a 24.19% stake belonged to retail investors, a 5.94% stake belonged to promoters, and the remaining 0.02% stake belonged to other domestic institutions. Top mutual funds in which the company has invested include HDFC Mid Cap Opportunities Direct Growth Plan, IIFL Focussed Equity Direct Growth Fund, PGIM India Mid Cap Opportunities Direct Growth Fund, and Edelweiss Mid Cap Direct Growth Plan.

    The board of directors of the company comprises Mr Hemant Nerurkar (chairman and independent director), Mr Shantanu Khosla (managing director), Mr Mathew Job (executive director), Mr D Sundaram (independent director), Mr P M Murty (independent director), and Ms Smita Anand (independent director).

    On 20 October 2022, Crompton Greaves Consumer Electricals Limited’s share price was Rs 381.00 per share at the NSE and Rs 381.30 per share at the BSE. Crompton Greaves shares have given a six-month return of 1.92%, and their 52-week low and 52-week high prices are Rs 312.05 and Rs 493.00, respectively.


    Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code: 07730), BSE Ltd (Member Code: 103) and Member of Multi Commodity Exchange of India Ltd.(Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Ms. Mamta Shetty, Contact number: 022-40701022, E-mail address: complianceofficer@icicisecurities.com. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Such representations are not indicative of future results. The securities quoted are exemplary and are not recommendatory. Investors should consult their financial advisers if in doubt about whether the product is suitable for them. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

Registered Address

Tower 3 1st Floor East Wing, Equinox Busi Park LBS Marg Kur, Mumbai, Maharashtra, 400070

Tel : 91-022-61678499
Email : crompton.investrorrelations:crompton.co.in
Website : http://www.crompton.co.in
Registrar

KFin Techologies Ltd

AGM Date (Month) : Jul
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 539876
NSE Code : CROMPTON
Book Closure Date (Month) :
BSE Group : A
ISIN : INE299U01018

FAQ’s on Crompton Greaves Consumer Electricals Ltd Shares

You can buy Crompton Greaves Consumer Electricals Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Crompton Greaves Consumer Electricals Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Dec 01, 2023 11:29 AM the closing price of Crompton Greaves Consumer Electricals Ltd was ₹ 287.70.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Dec 01, 2023 11:29 AM, the market cap of Crompton Greaves Consumer Electricals Ltd stood at ₹ 18,417.35.

The latest PE ratio of Crompton Greaves Consumer Electricals Ltd as of Dec 01, 2023 11:29 AM is 42.23

The latest PB ratio of Crompton Greaves Consumer Electricals Ltd as of Dec 01, 2023 11:29 AM is 0.15

The 52-week high of Crompton Greaves Consumer Electricals Ltd is ₹ 376.50 while the 52-week low is ₹ 251.00

According to analyst recommendations, Crompton Greaves Consumer Electricals Ltd has a “Buy” rating for the long term.

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