Crompton Greaves Consumer Electricals Ltd., incorporated in the year 2015, is a Mid Cap company (having a market cap of Rs 19557.14 Crore) operating in Consumer Durables sector.
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Promoters held 16.2 per cent stake in the company as of Sept 30, 2020, while FIIs held 30.3 per cent, DIIs 26.1 and public and others 17.4 per cent.
Motilal Oswal has given a buy rating to Crompton Greaves Consumer Electricals with a target price of Rs 360. The share price moved up by 3.38 per cent from its previous close of Rs 303.70. The stock’s last traded price is Rs 313.95. Crompton Greaves Consumer Electricals Ltd., incorporated in the year 2015, is a Mid Cap company (having a market cap of Rs 19557.14 Crore) operating in Consumer Durables sector.
Financials For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 1213.19 Crore, up 68.48 % from last quarter Sales of Rs 720.10 Crore and up 12.77 % from last year same quarter Sales of Rs 1075.79 Crore Company reported net profit after tax of Rs 141.68 Crore in latest quarter.
Investment Rationale CROMPTON has further consolidated its position in the fans and pumps market, and has become the No.2 player in the Water heaters segment. The brokerage has increased FY21/FY22/FY23E estimates by 13%/7%/7% and TP to INR 360 (Prior: INR335), based on unchanged target PER of 35x Sep’22E EPS. Promoter/FII Holdings Promoters held 16.2 per cent stake in the company as of Sept 30, 2020, while FIIs held 30.3 per cent, DIIs 26.1 and public and others 17.4 per cent.
