Crompton Greaves shares down 0.26% as Nifty drops

NEW DELHI: Shares of Crompton Greaves Consumer Electricals Ltd. traded 0.26 per cent down in Thursday's trade at 12:42PM (IST). Around 49,280 shares changed hands on the counter.

The counter opened at Rs 282.95 and touched an intraday high and low of Rs 283.05 and Rs 279.3, respectively, in the session so far. Shares of the company of Crompton Greaves Consumer Electricals Ltd. quoted a 52-week high of Rs 327.8 and a 52-week low of Rs 251.25.

Total market cap of the Crompton Greaves Consumer Electricals Ltd. stood at Rs 17938.26 crore at the time of writing this report.


Key Financials
The company reported consolidated sales of Rs 1709.36 crore for the quarter ended 31-Dec-2023, down 4.88 per cent from previous quarter's Rs 1797.15 crore and down 11.18 per cent from the year-ago quarter's Rs 1537.51 crore.

The net profit for latest quarter stood at Rs 85.99 crore, up 0.87 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Dec-2023, DIIs held 36.01 per cent stake in the firm, while foreign institutional investors held 35.58 per cent and the promoters 2.54 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 41.45 and a price-to-book ratio of 7.01. 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.