Fundamental Analysis of Crompton Greaves Consumer Electricals Ltd

About the Company - Crompton Greaves Consumer Electricals Ltd

Crompton Greaves Consumer Electricals Ltd. is a Public Limited Listed company incorporated on 25/02/2015 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L31900MH2015PLC262254 and registration number is 262254. Currently Company is involved in the business activities of Manufacture of electric lighting equipment. Company’s Total Operating Revenue is Rs. 5373.20 Cr. and Equity Capital is Rs. 126.68 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Domestic Appliances	Tower 3, 1st Floor, East Wing, Equinox Business Park, Mumbai Maharashtra 400070	crompton.investorrelations@crompton.co.in http://www.crompton.co.in

Management
Name	Position Held
Mr. D Sundaram	Chairman & Ind.Director
Mr. Shantanu Khosla	Executive Vice Chairman
Mr. Promeet Ghosh	Managing Director & CEO
Mr. P M Murty	Ind. Non-Executive Director
Ms. Smita Anand	Ind. Non-Executive Director
Mr. P R Ramesh	Ind. Non-Executive Director
Ms. Hiroo Mirchandani	Ind. Non-Executive Director
Mr. Anil Chaudhry	Ind. Non-Executive Director
Mr. Sanjiv Kakkar	Ind. Non-Executive Director

Basic Stock Data of Crompton Greaves Consumer Electricals Ltd

Last Updated: July 6, 2024, 12:15 pm

Market Cap	26,353 Cr.
Current Price	410
High / Low	437/261
Stock P/E	59.9
Book Value	46.6
Dividend Yield	0.73 %
ROCE	15.8 %
ROE	15.6 %
Face Value	2.00
PEG Ratio	-19.55

Crompton Greaves Consumer Electricals Ltd Quarterly Results

Month	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023
Sales	1,213	1,348	1,522	1,050	1,385	1,411	1,548	1,863	1,700	1,516	1,791	1,877	1,782
Expenses	1,022	1,148	1,294	925	1,171	1,209	1,319	1,643	1,506	1,364	1,580	1,691	1,608
Operating Profit	191	200	228	125	214	202	229	220	193	152	211	186	175
OPM %	16%	15%	15%	12%	15%	14%	15%	12%	11%	10%	12%	10%	10%
Other Income	17	20	21	20	17	14	9	4	18	21	17	20	15
Interest	11	11	10	10	8	7	11	23	30	29	27	21	22
Depreciation	8	7	7	8	10	10	14	28	28	30	30	29	32
Profit before tax	189	202	231	127	213	199	213	174	153	115	170	156	136
Tax %	25%	25%	-8%	25%	25%	25%	17%	28%	15%	23%	23%	22%	26%
Net Profit	142	151	249	95	159	148	177	126	131	88	132	122	101
EPS in Rs	2.26	2.41	3.97	1.51	2.53	2.36	2.79	1.91	1.98	1.34	2.06	1.85	1.52

Last Updated: June 14, 2024, 6:29 pm

Crompton Greaves Consumer Electricals Ltd Quarterly Chart

Crompton Greaves Consumer Electricals Ltd Profit & Loss

Month	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Sales	4,080	4,479	4,520	4,804	5,394	6,870	7,143
Expenses	3,549	3,895	3,921	4,083	4,625	6,099	6,421
Operating Profit	531	584	599	720	769	770	722
OPM %	13%	13%	13%	15%	14%	11%	10%
Other Income	31	48	59	76	60	67	68
Interest	64	60	41	43	35	109	91
Depreciation	13	13	27	30	42	116	124
Profit before tax	485	560	591	724	752	612	574
Tax %	33%	28%	16%	15%	23%	22%
Net Profit	324	401	496	617	578	476	440
EPS in Rs	5.17	6.40	7.91	9.82	9.13	7.28	6.77
Dividend Payout %	34%	31%	0%	56%	27%	41%

Crompton Greaves Consumer Electricals Ltd Profit & Loss Yearly Chart

Crompton Greaves Consumer Electricals Ltd Growth

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:	10%
3 Years:	-2%
1 Year:	44%

Return on Equity
10 Years:	%
5 Years:	24%
3 Years:	20%
Last Year:	16%

Last Updated: June 7, 2024, 5:57 pm

Crompton Greaves Consumer Electricals Ltd Balance Sheet

Month	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
Equity Capital	125	125	125	126	127	127	128
Reserves	664	972	1,343	1,806	2,326	2,533	2,602
Borrowings	649	649	350	518	1,686	1,005	1,019
Other Liabilities	987	923	934	1,148	2,310	1,989	2,026
Total Liabilities	2,425	2,670	2,752	3,597	6,449	5,654	5,776
Fixed Assets	862	863	909	915	3,273	3,250	3,279
CWIP	1	1	20	11	13	27	6
Investments	368	541	541	770	624	548	493
Other Assets	1,195	1,264	1,282	1,902	2,538	1,830	1,998
Total Assets	2,425	2,670	2,752	3,597	6,449	5,654	5,776

Crompton Greaves Consumer Electricals Ltd Reserves and Borrowings Chart

Crompton Greaves Consumer Electricals Ltd Cash Flow

Month	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Cash from Operating Activity	315	299	411	830	736	553
Cash from Investing Activity	-33	-168	9	-496	-1,736	263
Cash from Financing Activity	-175	-186	-513	-96	907	-911
Net Cash Flow	107	-56	-93	238	-92	-95

Crompton Greaves Consumer Electricals Ltd Financial Efficiency Indicators

Month	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	36
ROCE %		39%	35%	35%	22%	16%

Crompton Greaves Consumer Electricals Ltd Financial Efficiency Indicators Chart

Crompton Greaves Consumer Electricals Ltd Share Holding Pattern

Month	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoters	5.99%	5.99%	5.99%	5.94%	5.94%	2.54%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FIIs	40.14%	41.47%	40.17%	38.00%	37.27%	39.69%	39.54%	39.64%	35.00%	35.66%	35.58%	32.18%
DIIs	43.68%	42.30%	43.18%	44.39%	44.98%	45.23%	44.52%	44.17%	48.49%	47.46%	47.75%	51.47%
Government	0.00%	0.00%	0.00%	0.00%	0.00%	0.24%	0.24%	0.24%	0.23%	0.23%	0.23%	0.00%
Public	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	1,30,065	1,40,076	1,47,390	1,71,074	1,82,357	1,80,921	1,89,421	2,00,944	2,31,600	2,45,776	2,53,625	2,49,391

Crompton Greaves Consumer Electricals Ltd Shareholding Pattern Chart

No. of Crompton Greaves Consumer Electricals Ltd Shareholders

Crompton Greaves Consumer Electricals Ltd Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
HDFC Mid-Cap Opportunities Fund - Regular Plan	28,767,054	1.83	891.35	13,262,726	2024-07-05	116.9%
Mirae Asset Emerging Bluechip Fund	18,708,080	2	579.67	13,262,726	2024-07-05	41.06%
Mirae Asset Large Cap Fund	13,262,726	1.15	410.95	13,262,726	2024-07-05	0%
Mirae Asset Tax Saver Fund	11,512,476	1.98	356.71	13,262,726	2024-07-05	-13.2%
Aditya Birla Sun Life Frontline Equity Fund	10,272,535	1.34	318.29	13,262,726	2024-07-05	-22.55%
Mirae Asset Midcap Fund	8,657,559	2.2	268.25	13,262,726	2024-07-05	-34.72%
DSP Mid Cap Fund	6,470,438	1.33	200.49	13,262,726	2024-07-05	-51.21%
UTI Flexi Cap Fund	6,455,263	0.79	200.02	13,262,726	2024-07-05	-51.33%
Franklin India Prima Fund	6,391,052	2.26	198.03	13,262,726	2024-07-05	-51.81%
Franklin India Focused Equity Fund	5,700,000	1.85	176.61	13,262,726	2024-07-05	-57.02%

Crompton Greaves Consumer Electricals Ltd ROCE Trend

Crompton Greaves Consumer Electricals Ltd EPS Trend

Crompton Greaves Consumer Electricals Ltd Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	2.00	2.00	2.00	2.00	2.00
Basic EPS (Rs.)	6.88	7.29	9.21	9.83	7.92
Diluted EPS (Rs.)	6.88	7.27	9.17	9.83	7.85
Cash EPS (Rs.)	8.87	9.31	9.80	10.30	8.34
Book Value[Excl.RevalReserv]/Share (Rs.)	53.63	48.86	51.08	30.77	23.41
Book Value[Incl.RevalReserv]/Share (Rs.)	53.63	48.86	51.08	30.77	23.41
Revenue From Operations / Share (Rs.)	113.71	108.00	85.16	76.53	72.06
PBDIT / Share (Rs.)	12.15	13.16	13.29	12.68	10.49
PBIT / Share (Rs.)	10.14	11.34	12.63	12.21	10.06
PBT / Share (Rs.)	8.91	9.62	11.87	11.53	9.42
Net Profit / Share (Rs.)	6.87	7.49	9.13	9.82	7.91
NP After MI And SOA / Share (Rs.)	6.84	7.28	9.13	9.82	7.91
PBDIT Margin (%)	10.68	12.18	15.61	16.57	14.56
PBIT Margin (%)	8.91	10.50	14.82	15.95	13.96
PBT Margin (%)	7.83	8.91	13.93	15.06	13.06
Net Profit Margin (%)	6.04	6.93	10.72	12.83	10.98
NP After MI And SOA Margin (%)	6.01	6.74	10.72	12.83	10.98
Return on Networth / Equity (%)	14.66	17.41	23.57	31.92	33.80
Return on Capital Employeed (%)	16.23	18.41	23.29	34.04	37.87
Return On Assets (%)	7.23	8.19	8.96	17.04	18.03
Long Term Debt / Equity (X)	0.09	0.22	0.00	0.15	0.12
Total Debt / Equity (X)	0.19	0.34	0.65	0.15	0.12
Asset Turnover Ratio (%)	1.25	1.00	1.20	1.50	1.67
Current Ratio (X)	1.31	1.30	1.03	1.91	1.61
Quick Ratio (X)	0.90	0.87	0.78	1.53	1.18
Inventory Turnover Ratio (X)	2.32	1.95	2.32	2.01	2.40
Dividend Payout Ratio (NP) (%)	0.00	34.19	27.13	30.51	30.45
Dividend Payout Ratio (CP) (%)	0.00	27.35	25.28	29.11	28.89
Earning Retention Ratio (%)	0.00	65.81	72.87	69.49	69.55
Cash Earning Retention Ratio (%)	0.00	72.65	74.72	70.89	71.11
Interest Coverage Ratio (X)	9.86	7.67	23.85	18.56	16.18
Interest Coverage Ratio (Post Tax) (X)	6.58	5.36	17.75	15.37	13.21
Enterprise Value (Cr.)	17971.18	19894.96	25157.60	24394.84	13223.35
EV / Net Operating Revenue (X)	2.46	2.90	4.66	5.08	2.93
EV / EBITDA (X)	23.01	23.76	29.87	30.64	20.09
MarketCap / Net Operating Revenue (X)	2.35	2.71	4.39	5.14	2.90
Retention Ratios (%)	0.00	65.80	72.86	69.48	69.54
Price / BV (X)	5.73	7.01	9.65	12.79	8.92
Price / Net Operating Revenue (X)	2.35	2.71	4.39	5.14	2.90
EarningsYield	0.02	0.02	0.02	0.02	0.03

Crompton Greaves Consumer Electricals Ltd Profitability Ratios (%)

Crompton Greaves Consumer Electricals Ltd Liquidity Ratios

Crompton Greaves Consumer Electricals Ltd Liquidity Ratios (%)

Crompton Greaves Consumer Electricals Ltd Interest Coverage Ratios (%)

Crompton Greaves Consumer Electricals Ltd Valuation Ratios

Fair Value

Fair Value: 438.63

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 6.98% compared to the current price 410

Intrinsic Value: 425.19

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 3.70% compared to the current price ₹410

Last 5 Year EPS CAGR: -3.06%

*Investments are subject to market risks

Strength and Weakness of Crompton Greaves Consumer Electricals Ltd Stock

Strength	Weakness
The stock has a high average ROCE of 21.00%, which is a positive sign. The stock has a low average Working Capital Days of 6.43, which is a positive sign. The company has higher reserves (1,749.43 cr) compared to borrowings (839.43 cr), indicating strong financial stability. The company has shown consistent growth in sales (4.86 cr) and profit (614.00 cr) over the years.	The stock has a high average Cash Conversion Cycle of 5.86, which may not be favorable.

FAQ

What is the latest fair value of Crompton Greaves Consumer Electricals Ltd?

The latest fair value of Crompton Greaves Consumer Electricals Ltd is ₹438.63.

What is the Market Cap of Crompton Greaves Consumer Electricals Ltd?

The Market Cap of Crompton Greaves Consumer Electricals Ltd is 26,353 Cr..

What is the current Stock Price of Crompton Greaves Consumer Electricals Ltd as on 06 July 2024?

The current stock price of Crompton Greaves Consumer Electricals Ltd as on 06 July 2024 is 410.

What is the High / Low of Crompton Greaves Consumer Electricals Ltd stocks in FY 2024?

In FY 2024, the High / Low of Crompton Greaves Consumer Electricals Ltd stocks is 437/261.

What is the Stock P/E of Crompton Greaves Consumer Electricals Ltd?

The Stock P/E of Crompton Greaves Consumer Electricals Ltd is 59.9.

What is the Book Value of Crompton Greaves Consumer Electricals Ltd?

The Book Value of Crompton Greaves Consumer Electricals Ltd is 46.6.

What is the Dividend Yield of Crompton Greaves Consumer Electricals Ltd?

The Dividend Yield of Crompton Greaves Consumer Electricals Ltd is 0.73 %.

What is the ROCE of Crompton Greaves Consumer Electricals Ltd?

The ROCE of Crompton Greaves Consumer Electricals Ltd is 15.8 %.

What is the ROE of Crompton Greaves Consumer Electricals Ltd?

The ROE of Crompton Greaves Consumer Electricals Ltd is 15.6 %.

What is the Face Value of Crompton Greaves Consumer Electricals Ltd?

The Face Value of Crompton Greaves Consumer Electricals Ltd is 2.00.