Crompton Greaves Consumer Electricals Ltd

Crompton Greaves Consumer Electricals Ltd

₹ 412 -0.22%
03 Jul 9:09 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 26,479 Cr.
  • Current Price 412
  • High / Low 437 / 261
  • Stock P/E 60.2
  • Book Value 46.6
  • Dividend Yield 0.73 %
  • ROCE 15.8 %
  • ROE 15.6 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company has been maintaining a healthy dividend payout of 37.5%

Cons

  • Stock is trading at 8.85 times its book value

* 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

Consolidated Figures in Rs. Crores / View Standalone

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
1,522 1,050 1,385 1,411 1,548 1,863 1,700 1,516 1,791 1,877 1,782 1,693 1,961
1,294 925 1,171 1,209 1,319 1,643 1,506 1,364 1,580 1,691 1,608 1,543 1,757
Operating Profit 228 125 214 202 229 220 193 152 211 186 175 150 204
OPM % 15% 12% 15% 14% 15% 12% 11% 10% 12% 10% 10% 9% 10%
21 20 17 14 9 4 18 21 17 20 15 17 16
Interest 10 10 8 7 11 23 30 29 27 21 22 22 16
Depreciation 7 8 10 10 14 28 28 30 30 29 32 32 35
Profit before tax 231 127 213 199 213 174 153 115 170 156 136 112 169
Tax % -8% 25% 25% 25% 17% 28% 15% 23% 23% 22% 26% 24% 21%
249 95 159 148 177 126 131 88 132 122 101 85 133
EPS in Rs 3.97 1.51 2.53 2.36 2.79 1.91 1.98 1.34 2.06 1.85 1.52 1.34 2.15
Raw PDF
Upcoming result date: 31 July 2024

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
4,080 4,479 4,520 4,804 5,394 6,870 7,313
3,549 3,895 3,921 4,083 4,625 6,099 6,599
Operating Profit 531 584 599 720 769 770 714
OPM % 13% 13% 13% 15% 14% 11% 10%
31 48 59 76 60 67 67
Interest 64 60 41 43 35 109 79
Depreciation 13 13 27 30 42 116 129
Profit before tax 485 560 591 724 752 612 573
Tax % 33% 28% 16% 15% 23% 22% 23%
324 401 496 617 578 476 442
EPS in Rs 5.17 6.40 7.91 9.82 9.13 7.28 6.84
Dividend Payout % 34% 31% 0% 56% 27% 41% 44%
Compounded Sales Growth
10 Years: %
5 Years: 10%
3 Years: 15%
TTM: 6%
Compounded Profit Growth
10 Years: %
5 Years: 2%
3 Years: -10%
TTM: -5%
Stock Price CAGR
10 Years: %
5 Years: 12%
3 Years: -3%
1 Year: 44%
Return on Equity
10 Years: %
5 Years: 24%
3 Years: 20%
Last Year: 16%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 125 125 125 126 127 127 129
Reserves 664 972 1,343 1,806 2,326 2,533 2,871
649 649 350 518 1,686 1,005 683
987 923 934 1,148 2,310 1,989 2,399
Total Liabilities 2,425 2,670 2,752 3,597 6,449 5,654 6,082
862 863 909 915 3,273 3,250 3,197
CWIP 1 1 20 11 13 27 58
Investments 368 541 541 770 624 548 689
1,195 1,264 1,282 1,902 2,538 1,830 2,137
Total Assets 2,425 2,670 2,752 3,597 6,449 5,654 6,082

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
315 299 411 830 736 553 843
-33 -168 9 -496 -1,736 263 -207
-175 -186 -513 -96 907 -911 -541
Net Cash Flow 107 -56 -93 238 -92 -95 95

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 50 46 37 35 40 36 36
Inventory Days 40 42 55 58 71 58 61
Days Payable 100 79 77 92 100 81 96
Cash Conversion Cycle -11 9 16 1 12 13 1
Working Capital Days -2 -14 6 -1 9 11 1
ROCE % 39% 35% 35% 22% 16% 16%

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