Crompton Greaves shares up 0.28% as Nifty gains

NEW DELHI: Shares of Crompton Greaves Consumer Electricals Ltd. traded 0.28 per cent up in Thursday's trade at 01:13PM (IST). Around 121,827 shares changed hands on the counter.

The scrip opened at Rs 422.8 and touched an intraday high and low of Rs 426.25 and Rs 418.7, respectively, in the session so far. The stock of Crompton Greaves Consumer Electricals Ltd. quoted a 52-week high of Rs 426.25 and a 52-week low of Rs 262.1.

Total market cap of the Crompton Greaves Consumer Electricals Ltd. stood at Rs 27190.56 crore at the time of writing this report.


Key Financials
The company reported consolidated net sales of Rs 1977.04 crore for the quarter ended 31-Mar-2024, up 15.66 per cent from previous quarter's Rs 1709.36 crore and up 9.37 per cent from the year-ago quarter's Rs 1807.73 crore.

The net profit for latest quarter stood at Rs 138.36 crore, up 5.49 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Mar-2024, domestic institutional investors held 40.21 per cent stake in the company, while foreign institutional investors held 32.18 per cent and the promoters 2.54 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 61.81 and a price-to-book ratio of 5.73. 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.