Buy Crompton Greaves Consumer Electricals, target price Rs 400: HDFC Securities

HDFC Securities has buy call on Crompton Greaves Consumer Electricals with a target price of Rs 400.0. The current market price of Crompton Greaves Consumer Electricals Ltd. is Rs 315.2.
Crompton Greaves Consumer Electricals Ltd., incorporated in the year 2015, is a Mid Cap company (having a market cap of Rs 20156.29 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, Export Incentives and Royalty Income for the year ending 31-Mar-2023.



Financials
For the quarter ended 30-06-2023, the company reported a Consolidated Total Income of Rs 1896.65 Crore, up 4.92 % from last quarter Total Income of Rs 1807.73 Crore and up 1.24 % from last year same quarter Total Income of Rs 1873.35 Crore. Company reported net profit after tax of Rs 122.03 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 2.54 per cent stake in the company as of 30-Jun-2023, while FIIs owned 35.0 per cent, DIIs 48.45 per cent.