Crompton Greaves Consumer Electricals Ltd

About [ edit ]

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. #

Key Points [ edit ]
  • Market Cap 23,857 Cr.
  • Current Price 380
  • High / Low 456 / 196
  • Stock P/E 50.8
  • Book Value 27.0
  • Dividend Yield 0.79 %
  • ROCE 35.4 %
  • ROE 38.7 %
  • Face Value 2.00

Pros

  • Company has reduced debt.

Cons

  • Stock is trading at 14.08 times its book value
  • Promoter holding has decreased over last quarter: -6.07%
  • Promoter holding is low: 11.36%
  • Promoters have pledged 47.25% of their holding.
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
1,126 1,204 1,038 1,030 1,207 1,347 1,076 1,071 1,026 720 1,213 1,348
962 1,037 914 904 1,040 1,155 946 935 885 619 1,022 1,148
Operating Profit 164 167 124 126 167 192 129 137 141 101 191 200
OPM % 15% 14% 12% 12% 14% 14% 12% 13% 14% 14% 16% 15%
Other Income 11 9 10 12 17 17 12 18 12 19 17 20
Interest 16 15 15 15 14 15 9 9 8 11 11 11
Depreciation 3 3 3 3 3 6 6 6 8 8 8 7
Profit before tax 156 158 115 120 166 188 126 139 137 101 189 202
Tax % 34% 34% 33% 34% 16% 35% 12% -16% 25% 26% 25% 25%
Net Profit 103 104 77 80 141 122 111 161 102 75 142 151
EPS in Rs 1.65 1.66 1.23 1.27 2.24 1.95 1.77 2.57 1.63 1.19 2.26 2.41

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 TTM
4,080 4,479 4,520 4,308
3,549 3,895 3,921 3,674
Operating Profit 531 584 599 634
OPM % 13% 13% 13% 15%
Other Income 31 48 59 67
Interest 64 60 41 41
Depreciation 13 13 27 31
Profit before tax 485 560 591 629
Tax % 33% 28% 16%
Net Profit 324 401 496 470
EPS in Rs 5.17 6.40 7.91 7.49
Dividend Payout % 34% 31% 0%
Compounded Sales Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-8%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-12%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:16%
1 Year:87%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:39%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Sep 2020
125 125 125 125
Reserves 664 972 1,343 1,569
Borrowings 649 649 350 299
987 923 934 1,145
Total Liabilities 2,425 2,670 2,752 3,138
862 863 909 900
CWIP 1 1 20 21
Investments 368 541 541 1,020
1,195 1,264 1,282 1,197
Total Assets 2,425 2,670 2,752 3,138

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020
315 299 411
-33 -168 9
-175 -186 -513
Net Cash Flow 107 -56 -93

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020
ROCE % 39% 35%
Debtor Days 50 46 37
Inventory Turnover 9.45 7.54

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
34.37 34.37 34.37 34.37 34.36 34.36 26.20 26.19 26.19 26.19 17.42 11.36
32.98 32.91 32.05 30.47 28.32 28.07 30.88 30.51 29.92 30.32 34.33 39.18
16.68 16.68 17.97 18.90 21.27 22.00 26.85 26.68 25.70 26.05 37.59 38.69
15.96 16.04 15.61 16.26 16.05 15.57 16.07 16.61 18.19 17.44 10.66 10.77

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