Time period given by analyst is one year when Crompton Greaves Consumer Electricals Ltd. price can reach defined target.
Crompton Greaves Consumer Electricals Ltd., incorporated in the year 2015, is a Mid Cap company (having a market cap of Rs 30063.10 Crore) operating in Consumer Durables sector.
Crompton Greaves Consumer Electricals Ltd. key Products/Revenue Segments include Electrical Consumer Durables, Lighting Products, Scrap, Sale of services and Export Incentives for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 1401.99 Crore, up 31.02 % from last quarter Total Income of Rs 1070.08 Crore and up 13.99 % from last year same quarter Total Income of Rs 1229.87 Crore. Company reported net profit after tax of Rs 158.81 Crore in latest quarter.
Investment Rationale
The brokerage expects CROMPTON to register 15%/16% revenue/PBT CAGR over FY21-24E. Earnings CAGR will be lower at 11% due to lower tax rate of 14.8% in the base year of FY21. Strong focus on margins, return ratios and cash flows will support its valuation.
Promoter/FII Holdings
Promoters held 5.99 per cent stake in the company as of 30-Sep-2021, while FIIs owned 51.19 per cent, DIIs 32.58 per cent.
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