Crompton Greaves Consumer Electricals Ltd

Crompton Greaves Consumer Electricals Ltd

₹ 412 -0.10%
03 Jul 11:49 a.m.
About

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]

Key Points

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

  • Market Cap 26,524 Cr.
  • Current Price 412
  • High / Low 437 / 261
  • Stock P/E 56.9
  • Book Value 49.8
  • 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 8.30 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
1,515 1,046 1,385 1,410 1,532 1,608 1,332 1,266 1,604 1,657 1,476 1,458 1,797
1,290 923 1,171 1,209 1,310 1,414 1,181 1,136 1,407 1,492 1,326 1,311 1,571
Operating Profit 225 123 214 202 222 194 151 130 196 166 151 147 225
OPM % 15% 12% 15% 14% 15% 12% 11% 10% 12% 10% 10% 10% 13%
20 20 28 14 18 11 34 19 17 19 12 15 14
Interest 10 10 8 7 11 21 28 28 26 19 20 20 14
Depreciation 7 8 10 10 14 12 13 14 15 14 16 17 19
Profit before tax 228 125 224 199 215 171 144 107 172 151 128 126 206
Tax % -8% 25% 24% 25% 16% 26% 8% 21% 23% 24% 26% 24% 22%
247 93 170 148 182 128 132 84 132 115 95 95 161
EPS in Rs 3.93 1.48 2.71 2.36 2.87 2.01 2.08 1.33 2.07 1.80 1.48 1.49 2.50
Raw PDF
Upcoming result date: 31 July 2024

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
0 1,783 3,901 4,080 4,479 4,512 4,750 5,373 5,809 6,388
3 1,574 3,416 3,549 3,893 3,915 4,045 4,612 5,138 5,700
Operating Profit -3 209 485 531 586 597 705 761 671 689
OPM % 12% 12% 13% 13% 13% 15% 14% 12% 11%
0 -10 17 31 48 59 76 80 80 60
Interest 0 35 66 64 60 41 43 35 103 73
Depreciation 0 6 11 13 13 27 30 42 54 65
Profit before tax -3 158 425 485 562 588 708 763 594 611
Tax % 35% 33% 33% 33% 28% 16% 15% 22% 20% 24%
-2 105 283 324 403 495 605 593 476 466
EPS in Rs -74.80 1.68 4.52 5.17 6.42 7.89 9.63 9.37 7.48 7.25
Dividend Payout % 0% 0% 33% 34% 31% 0% 57% 27% 40% 41%
Compounded Sales Growth
10 Years: %
5 Years: 7%
3 Years: 10%
TTM: 10%
Compounded Profit Growth
10 Years: %
5 Years: 3%
3 Years: -7%
TTM: -1%
Stock Price CAGR
10 Years: %
5 Years: 12%
3 Years: -3%
1 Year: 44%
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
Equity Capital 0 125 125 125 125 125 126 127 127 129
Reserves -2 103 392 664 973 1,342 1,793 2,329 2,712 3,077
0 644 648 649 649 350 518 1,632 1,000 679
3 780 948 987 922 927 1,107 1,238 1,307 1,690
Total Liabilities 1 1,653 2,113 2,425 2,670 2,744 3,544 5,326 5,146 5,574
0 858 862 862 863 909 915 1,099 1,122 1,120
CWIP 0 0 0 1 1 20 11 8 24 51
Investments 0 0 319 368 544 554 775 2,018 2,459 2,556
1 795 933 1,195 1,261 1,261 1,843 2,202 1,541 1,847
Total Assets 1 1,653 2,113 2,425 2,670 2,744 3,544 5,326 5,146 5,574

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%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
5.99% 5.99% 5.99% 5.94% 5.94% 2.54% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
40.14% 41.47% 40.17% 38.00% 37.27% 39.69% 39.54% 39.64% 35.00% 35.66% 35.58% 32.18%
43.68% 42.30% 43.18% 44.39% 44.98% 45.23% 44.52% 44.17% 48.49% 47.46% 47.75% 51.47%
0.00% 0.00% 0.00% 0.00% 0.00% 0.24% 0.24% 0.24% 0.23% 0.23% 0.23% 0.00%
10.19% 10.24% 10.66% 11.67% 11.81% 12.33% 15.72% 15.97% 16.30% 16.65% 16.42% 16.36%
No. of Shareholders 1,30,0651,40,0761,47,3901,71,0741,82,3571,80,9211,89,4212,00,9442,31,6002,45,7762,53,6252,49,391

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Concalls