Crompton Greaves Consumer Electricals Ltd., incorporated in the year 2015, is a Mid Cap company (having a market cap of Rs 23608.65 Crore) operating in Consumer Durables sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 1368.06 Crore, up 11.24 % from last quarter Total Income of Rs 1229.87 Crore and up 25.64 % from last year same quarter Total Income of Rs 1088.83 Crore. Company reported net profit after tax of Rs 151.09 Crore in latest quarter.
Investment Rationale
The scope to outgrow the market and OPM scale-up have further improved led by improving overall demand and changing consumer needs. However, Crompton needs to address long term growth visibility and TAM expansion to do full justice to its brand and distribution strength by entering many new segments.
Promoter/FII Holdings
Promoters held 26.2 per cent stake in the company as of June 30, 2020, while FIIs held 29.9 per cent, DIIs 25.7 per cent and public and other 18.2 per cent.
