Crompton Greaves shares up 0.59% as Nifty gains

NEW DELHI: Shares of Crompton Greaves Consumer Electricals Ltd. traded 0.59 per cent up in Friday's trade at 12:12PM (IST). Around 36,073 shares changed hands on the counter.

The counter opened at Rs 304.05 and touched an intraday high and low of Rs 305.9 and Rs 302.3, respectively, in the session so far. Shares of the company of Crompton Greaves Consumer Electricals Ltd. quoted a 52-week high of Rs 424.55 and a 52-week low of Rs 251.25.

As per BSE, the total market cap of the Crompton Greaves Consumer Electricals Ltd. stood at Rs 19539.0 crore at the time of writing this report.


Key Financials
The company reported consolidated net sales of Rs 1896.65 crore for the quarter ended 30-Jun-2023, up 4.92 per cent from previous quarter's Rs 1807.73 crore and up 1.24 per cent from the year-ago quarter's Rs 1873.35 crore.

The net profit for latest quarter stood at Rs 118.35 crore, down 2.2 per cent from the same quarter a year ago.

Shareholding pattern
As of 30-Jun-2023, domestic institutional investors held 37.49 per cent stake in the firm, while foreign institutional investors held 34.99 per cent and the promoters 0.0 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 42.43 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.