Crompton Greaves Consumer Electricals Ltd. shares down 0.09% as Nifty gains

NEW DELHI: Shares of Crompton Greaves Consumer Electricals Ltd. traded 0.09 per cent down in Thursday's trade at 12:49PM (IST). Around 3,701 shares changed hands on the counter.

The counter opened at Rs 228.4 and touched an intraday high and low of Rs 232.7 and Rs 227.2, respectively, in the session so far. The stock of Crompton Greaves Consumer Electricals Ltd. quoted a 52-week high of Rs 301.45 and a 52-week low of Rs 177.9.

Total market cap of the Crompton Greaves Consumer Electricals Ltd. stood at Rs 14320.89 crore at the time of writing this report.


Key Financials
The company reported consolidated net sales of Rs 1026.34 crore for the quarter ended 31-Mar-2020, down 4.2 per cent from previous quarter's Rs 1071.29 crore and down 14.96 per cent from the year-ago quarter's Rs 1206.88 crore.

The net profit for latest quarter stood at Rs 102.1 crore, down 27.35 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Mar-2020, DIIs held 25.17 per cent stake in the firm, while foreign institutional investors held 30.51 per cent and the promoters 0.0 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 28.85 and a price-to-book ratio of 9.75. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Crompton Greaves Consumer Electricals Ltd. belongs to the Electronics/Electricals industry.