Crompton Greaves Consumer Electricals Ltd. shares down 0.87% as Nifty gains

NEW DELHI: Shares of Crompton Greaves Consumer Electricals Ltd. traded 0.87 per cent down in Wednesday's trade at 01:49PM (IST). Around 17,031 shares changed hands on the counter.

The scrip opened at Rs 242.0 and touched an intraday high and low of Rs 243.45 and Rs 236.45, 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 14910.54 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 same quarter a year ago.

Shareholding pattern
As of 31-Mar-2020, domestic institutional investors 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 30.04 and a price-to-book ratio of 10.15. 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.