CG Consumer shares up 1.52% as Nifty drops

NEW DELHI: Shares of Crompton Greaves Consumer Electricals Ltd. traded 1.52 per cent up in Wednesday's trade at 01:09PM (IST). Around 25,694 shares changed hands on the counter.

The stock opened at Rs 420.0 and touched an intraday high and low of Rs 424.2 and Rs 412.65, respectively, in the session so far. Shares of the company of Crompton Greaves Consumer Electricals Ltd. quoted a 52-week high of Rs 512.05 and a 52-week low of Rs 321.0.

As per BSE, the total market cap of the Crompton Greaves Consumer Electricals Ltd. stood at Rs 26536.8 crore at the time of writing this report.


Key Financials
The company reported consolidated net sales of Rs 1401.99 crore for the quarter ended 30-Sep-2021, up 31.02 per cent from previous quarter's Rs 1070.08 crore and up 13.99 per cent from the year-ago quarter's Rs 1229.87 crore.

The net profit for latest quarter stood at Rs 158.81 crore, up 12.09 per cent from the same quarter a year ago.

Shareholding pattern
As of 30-Sep-2021, domestic institutional investors held 30.77 per cent stake in the firm, while foreign institutional investors held 41.47 per cent and the promoters 0.0 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 40.59 and a price-to-book ratio of 12.79. 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.