Crompton Greaves Consumer Electricals Ltd
Crompton Greaves Consumer Electricals Limited is one of the leading consumer companies in India with a 75+ years old brand legacy. It is an independent company under professional management and have 2 business segments – Lighting and Electrical Consumer Durables. We market our products under the “Crompton” brand name in India and select export markets. [1]
- Market Cap ₹ 26,382 Cr.
- Current Price ₹ 410
- High / Low ₹ 484 / 261
- Stock P/E 49.1
- Book Value ₹ 51.6
- Dividend Yield 0.73 %
- ROCE 17.7 %
- ROE 15.4 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company has been maintaining a healthy dividend payout of 36.1%
Cons
- Stock is trading at 7.94 times its book value
- The company has delivered a poor sales growth of 7.36% over past five years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Consumer Durables Industry: Electric Equipment
Part of Nifty 500 Nifty Smallcap 250 Nifty Smallcap 50 BSE 400 MidSmallCap Index Nifty MidSmallcap 400
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|
0 | 1,783 | 3,901 | 4,080 | 4,479 | 4,512 | 4,750 | 5,373 | 5,809 | 6,388 | 6,860 | |
3 | 1,574 | 3,416 | 3,549 | 3,893 | 3,915 | 4,045 | 4,612 | 5,138 | 5,700 | 6,084 | |
Operating Profit | -3 | 209 | 485 | 531 | 586 | 597 | 705 | 761 | 671 | 689 | 775 |
OPM % | 12% | 12% | 13% | 13% | 13% | 15% | 14% | 12% | 11% | 11% | |
0 | -10 | 17 | 31 | 48 | 59 | 76 | 80 | 80 | 60 | 67 | |
Interest | 0 | 35 | 66 | 64 | 60 | 41 | 43 | 35 | 103 | 73 | 58 |
Depreciation | 0 | 6 | 11 | 13 | 13 | 27 | 30 | 42 | 54 | 65 | 76 |
Profit before tax | -3 | 158 | 425 | 485 | 562 | 588 | 708 | 763 | 594 | 611 | 708 |
Tax % | -35% | 33% | 33% | 33% | 28% | 16% | 15% | 22% | 20% | 24% | |
-2 | 105 | 283 | 324 | 403 | 495 | 605 | 593 | 476 | 466 | 537 | |
EPS in Rs | -74.80 | 1.68 | 4.52 | 5.17 | 6.42 | 7.89 | 9.63 | 9.37 | 7.48 | 7.25 | 8.36 |
Dividend Payout % | 0% | 0% | 33% | 34% | 31% | 0% | 57% | 27% | 40% | 41% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 7% |
3 Years: | 10% |
TTM: | 14% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 3% |
3 Years: | -7% |
TTM: | 25% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 11% |
3 Years: | -1% |
1 Year: | 38% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 24% |
3 Years: | 19% |
Last Year: | 15% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 0.05 | 125 | 125 | 125 | 125 | 125 | 126 | 127 | 127 | 129 | 129 |
Reserves | -2 | 103 | 392 | 664 | 973 | 1,342 | 1,793 | 2,329 | 2,712 | 3,077 | 3,189 |
0 | 644 | 648 | 649 | 649 | 350 | 518 | 1,632 | 1,000 | 679 | 474 | |
3 | 780 | 948 | 987 | 922 | 927 | 1,107 | 1,238 | 1,307 | 1,690 | 1,447 | |
Total Liabilities | 1 | 1,653 | 2,113 | 2,425 | 2,670 | 2,744 | 3,544 | 5,326 | 5,146 | 5,574 | 5,238 |
0 | 858 | 862 | 862 | 863 | 909 | 915 | 1,099 | 1,122 | 1,120 | 1,252 | |
CWIP | 0 | 0 | 0 | 1 | 1 | 20 | 11 | 8 | 24 | 51 | 25 |
Investments | 0 | 0 | 319 | 368 | 544 | 554 | 775 | 2,018 | 2,459 | 2,556 | 2,350 |
1 | 795 | 933 | 1,195 | 1,261 | 1,261 | 1,843 | 2,202 | 1,541 | 1,847 | 1,611 | |
Total Assets | 1 | 1,653 | 2,113 | 2,425 | 2,670 | 2,744 | 3,544 | 5,326 | 5,146 | 5,574 | 5,238 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|
0 | 176 | 313 | 315 | 301 | 421 | 815 | 730 | 425 | 796 | |
0 | 2 | -319 | -33 | -171 | -2 | -489 | -1,720 | 299 | -176 | |
0 | -88 | -17 | -175 | -186 | -513 | -96 | 907 | -850 | -534 | |
Net Cash Flow | 0 | 90 | -24 | 107 | -56 | -93 | 230 | -83 | -126 | 87 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 85 | 44 | 50 | 46 | 37 | 35 | 33 | 33 | 33 | |
Inventory Days | 60 | 36 | 40 | 42 | 55 | 58 | 51 | 56 | 58 | |
Days Payable | 191 | 95 | 100 | 78 | 76 | 89 | 84 | 81 | 97 | |
Cash Conversion Cycle | -45 | -14 | -11 | 9 | 16 | 4 | -0 | 8 | -6 | |
Working Capital Days | -43 | -11 | -2 | -14 | 5 | -1 | 1 | 10 | -1 | |
ROCE % | 48% | 48% | 42% | 38% | 35% | 34% | 24% | 17% | 18% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
17h - Disclosure under Regulation 30 of the SEBI (LODR) Regulations, 2015 - Intimation of Schedule of Analysts/ Institutional Investor Meeting
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Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
29 Nov - Of Allotment of shares under the Employee Stock Option Plan 2019 (ESOP 2019)
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
29 Nov - Disclosure under Regulation 30 of the SEBI (LODR) Regulations, 2015 - Intimation of Schedule of Analysts/ Institutional Investor Meeting
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Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015
29 Nov - Disclosure of consumer dispute resolution and compensation order.
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Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015
27 Nov - Compensation granted by Labour Court, no material impact.
Annual reports
Concalls
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Crompton 2.0[1]
The company is revamping itself since June 2023. The company spent ~92 crs. on advertising and promotion in Q2&Q3FY24.
In Crompton 2.0 company is targeting :
1 Premiumization
2 GTM excellence
3 Brand Investments
4 Innovation