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Last Updated on: 22 May, 2024|Author: Getaka | Social: X Twitter Profile

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.
INDUSTRYADDRESSCONTACT
Domestic AppliancesTower 3, 1st Floor, East Wing, Equinox Business Park, Mumbai Maharashtra 400070crompton.investorrelations@crompton.co.in
http://www.crompton.co.in
Management
NamePosition Held
Mr. H M NerurkarChairman & Ind.Director
Mr. Shantanu KhoslaExecutive Vice Chairman
Mr. Promeet GhoshManaging Director & CEO
Mr. D SundaramIndependent Director
Mr. P M MurtyIndependent Director
Ms. Smita AnandIndependent Director
Mr. P R RameshIndependent Director
Mr. Hiroo MirchandaniIndependent Director

Basic Stock Data of Crompton Greaves Consumer Electricals Ltd

Last Updated: May 22, 2024, 4:44 pm

Market Cap 25,069 Cr.
Current Price 389
High / Low410/261
Stock P/E57.0
Book Value 46.6
Dividend Yield0.77 %
ROCE15.8 %
ROE15.6 %
Face Value 2.00
PEG Ratio-18.60

Data Source: screener.in

Crompton Greaves Consumer Electricals Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales1,2131,3481,5221,0501,3851,4111,5481,8631,7001,5161,7911,8771,782
Expenses1,0221,1481,2949251,1711,2091,3191,6431,5061,3641,5801,6911,608
Operating Profit191200228125214202229220193152211186175
OPM %16%15%15%12%15%14%15%12%11%10%12%10%10%
Other Income172021201714941821172015
Interest111110108711233029272122
Depreciation8778101014282830302932
Profit before tax189202231127213199213174153115170156136
Tax %25%25%-8%25%25%25%17%28%15%23%23%22%26%
Net Profit1421512499515914817712613188132122101
EPS in Rs2.262.413.971.512.532.362.791.911.981.342.061.851.52

Last Updated: May 15, 2024, 7:44 am

Crompton Greaves Consumer Electricals Ltd Quarterly Chart

Crompton Greaves Consumer Electricals Ltd Profit & Loss

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales4,0804,4794,5204,8045,3946,8707,143
Expenses3,5493,8953,9214,0834,6256,0996,421
Operating Profit531584599720769770722
OPM %13%13%13%15%14%11%10%
Other Income31485976606768
Interest646041433510991
Depreciation1313273042116124
Profit before tax485560591724752612574
Tax %33%28%16%15%23%22%
Net Profit324401496617578476440
EPS in Rs5.176.407.919.829.137.286.77
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:-3%
1 Year:34%
Return on Equity
10 Years:%
5 Years:24%
3 Years:20%
Last Year:16%

Last Updated: May 15, 2024, 7:44 am

Crompton Greaves Consumer Electricals Ltd Balance Sheet

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital125125125126127127128
Reserves6649721,3431,8062,3262,5332,602
Borrowings6496493505181,6861,0051,019
Other Liabilities9879239341,1482,3101,9892,026
Total Liabilities2,4252,6702,7523,5976,4495,6545,776
Fixed Assets8628639099153,2733,2503,279
CWIP11201113276
Investments368541541770624548493
Other Assets1,1951,2641,2821,9022,5381,8301,998
Total Assets2,4252,6702,7523,5976,4495,6545,776

Crompton Greaves Consumer Electricals Ltd Reserves and Borrowings Chart

Crompton Greaves Consumer Electricals Ltd Cash Flow

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 315299411830736553
Cash from Investing Activity -33-1689-496-1,736263
Cash from Financing Activity -175-186-513-96907-911
Net Cash Flow107-56-93238-92-95

Crompton Greaves Consumer Electricals Ltd Financial Efficiency Indicators

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days504637354036
Inventory Days404255587158
Days Payable10079779210081
Cash Conversion Cycle-1191611213
Working Capital Days-2-146-1911
ROCE %39%35%35%22%16%

Crompton Greaves Consumer Electricals Ltd Financial Efficiency Indicators Chart

Crompton Greaves Consumer Electricals Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters17.42%11.36%5.99%5.99%5.99%5.94%5.94%2.54%0.00%0.00%0.00%0.00%
FIIs34.33%39.18%40.14%41.47%40.17%38.00%37.27%39.69%39.54%39.64%35.00%35.66%
DIIs37.59%38.69%43.68%42.30%43.18%44.39%44.98%45.23%44.52%44.17%48.49%47.46%
Government0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.24%0.24%0.24%0.23%0.23%
Public10.66%10.77%10.19%10.24%10.66%11.67%11.81%12.33%15.72%15.97%16.30%16.65%
No. of Shareholders1,08,7081,17,9861,30,0651,40,0761,47,3901,71,0741,82,3571,80,9211,89,4212,00,9442,31,6002,45,776

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 NameNo of SharesAUM (%)Amount Invested (Cr)
HDFC Mid-Cap Opportunities Fund - Regular Plan287670541.83891.35
Mirae Asset Emerging Bluechip Fund187080802579.67
Mirae Asset Large Cap Fund132627261.15410.95
Mirae Asset Tax Saver Fund115124761.98356.71
Aditya Birla Sun Life Frontline Equity Fund102725351.34318.29
Mirae Asset Midcap Fund86575592.2268.25
DSP Mid Cap Fund64704381.33200.49
UTI Flexi Cap Fund64552630.79200.02
Franklin India Prima Fund63910522.26198.03
Franklin India Focused Equity Fund57000001.85176.61

Crompton Greaves Consumer Electricals Ltd ROCE Trend

Crompton Greaves Consumer Electricals Ltd EPS Trend

Crompton Greaves Consumer Electricals Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)7.299.219.837.926.40
Diluted EPS (Rs.)7.279.179.837.856.36
Cash EPS (Rs.)9.319.8010.308.346.61
Book Value[Excl.RevalReserv]/Share (Rs.)48.8651.0830.7723.4117.50
Book Value[Incl.RevalReserv]/Share (Rs.)48.8651.0830.7723.4117.50
Revenue From Operations / Share (Rs.)108.0085.1676.5372.0671.43
PBDIT / Share (Rs.)13.1613.2912.6810.4910.09
PBIT / Share (Rs.)11.3412.6312.2110.069.88
PBT / Share (Rs.)9.6211.8711.539.428.93
Net Profit / Share (Rs.)7.499.139.827.916.40
NP After MI And SOA / Share (Rs.)7.289.139.827.916.40
PBDIT Margin (%)12.1815.6116.5714.5614.11
PBIT Margin (%)10.5014.8215.9513.9613.83
PBT Margin (%)8.9113.9315.0613.0612.49
Net Profit Margin (%)6.9310.7212.8310.988.96
NP After MI And SOA Margin (%)6.7410.7212.8310.988.96
Return on Networth / Equity (%)17.4123.5731.9233.8036.57
Return on Capital Employeed (%)18.4123.2934.0437.8742.31
Return On Assets (%)8.198.9617.0418.0315.03
Long Term Debt / Equity (X)0.220.000.150.120.31
Total Debt / Equity (X)0.340.650.150.120.31
Asset Turnover Ratio (%)1.001.201.501.671.76
Current Ratio (X)1.301.031.911.611.43
Quick Ratio (X)0.870.781.531.181.13
Inventory Turnover Ratio (X)1.952.322.012.403.22
Dividend Payout Ratio (NP) (%)34.1927.1330.5130.4531.24
Dividend Payout Ratio (CP) (%)27.3525.2829.1128.8930.26
Earning Retention Ratio (%)65.8172.8769.4969.5568.76
Cash Earning Retention Ratio (%)72.6574.7270.8971.1169.74
Interest Coverage Ratio (X)7.6723.8518.5616.1810.61
Interest Coverage Ratio (Post Tax) (X)5.3617.7515.3713.217.73
Enterprise Value (Cr.)19894.9625157.6024394.8413223.3514354.47
EV / Net Operating Revenue (X)2.904.665.082.933.20
EV / EBITDA (X)23.7629.8730.6420.0922.70
MarketCap / Net Operating Revenue (X)2.714.395.142.903.16
Retention Ratios (%)65.8072.8669.4869.5468.75
Price / BV (X)7.019.6512.798.9212.89
Price / Net Operating Revenue (X)2.714.395.142.903.16
EarningsYield0.020.020.020.030.02

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: ₹417.56

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: 7.34% compared to the current price ₹389

Intrinsic Value: ₹404.76

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: 4.05% compared to the current price ₹389

Last 5 Year EPS CAGR: -3.06%

*Investments are subject to market risks

Strength and Weakness of Crompton Greaves Consumer Electricals Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 24.50%, which is a positive sign.
  2. The stock has a low average Working Capital Days of 1.50, which is a positive sign.
  3. The company has higher reserves (1,749.43 cr) compared to borrowings (839.43 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (4.86 cr) and profit (614.00 cr) over the years.
  1. The stock has a high average Cash Conversion Cycle of 6.67, 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 ₹417.56.

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

The Market Cap of Crompton Greaves Consumer Electricals Ltd is 25,069 Cr..

What is the current Stock Price of Crompton Greaves Consumer Electricals Ltd as on 22 May 2024?

The current stock price of Crompton Greaves Consumer Electricals Ltd as on 22 May 2024 is ₹389.

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 ₹410/261.

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

The Stock P/E of Crompton Greaves Consumer Electricals Ltd is 57.0.

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 0.77 %.

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.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Crompton Greaves Consumer Electricals Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE