Add Crompton Greaves Consumer Electricals, target price Rs 504: ICICI Securities

ICICI Securities has add call on Crompton Greaves Consumer Electricals with a target price of Rs 504. The current market price of Crompton Greaves Consumer Electricals Ltd. is Rs 428.05.

Time period given by analyst is one year when Crompton Greaves Consumer Electricals Ltd. price can reach defined target.

Crompton Greaves Consumer Electricals Ltd., incorporated in the year 2015, is a Mid Cap company (having a market cap of Rs 26954.43 Crore) operating in Consumer Durables sector.


Crompton Greaves Consumer Electricals Ltd. key Products/Revenue Segments include Electrical Consumer Durables, Lighting Products, Scrap, Sale of services and Export Incentives for the year ending 31-Mar-2021.


Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 1401.99 Crore, up 31.02 % from last quarter Total Income of Rs 1070.08 Crore and up 13.99 % from last year same quarter Total Income of Rs 1229.87 Crore. Company reported net profit after tax of Rs 158.81 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 5.99 per cent stake in the company as of 30-Sep-2021, while FIIs owned 51.19 per cent, DIIs 32.58 per cent.