Crompton Greaves Consumer Electricals Ltd

Crompton Greaves Consumer Electricals Ltd

₹ 312 1.28%
24 Apr - close price
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 20,059 Cr.
  • Current Price 312
  • High / Low 328 / 252
  • Stock P/E 46.4
  • Book Value 42.6
  • Dividend Yield 0.96 %
  • ROCE 16.0 %
  • ROE 18.1 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 25.6%
  • Company has been maintaining a healthy dividend payout of 41.5%

Cons

  • Stock is trading at 7.31 times its book value
  • The company has delivered a poor sales growth of 11.0% 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

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
1,348 1,522 1,050 1,385 1,411 1,548 1,863 1,700 1,516 1,791 1,877 1,782 1,693
1,148 1,294 925 1,171 1,209 1,319 1,643 1,506 1,364 1,580 1,691 1,608 1,543
Operating Profit 200 228 125 214 202 229 220 193 152 211 186 175 150
OPM % 15% 15% 12% 15% 14% 15% 12% 11% 10% 12% 10% 10% 9%
20 21 20 17 14 9 4 18 21 17 20 15 17
Interest 11 10 10 8 7 11 23 30 29 27 21 22 22
Depreciation 7 7 8 10 10 14 28 28 30 30 29 32 32
Profit before tax 202 231 127 213 199 213 174 153 115 170 156 136 112
Tax % 25% -8% 25% 25% 25% 17% 28% 15% 23% 23% 22% 26% 24%
151 249 95 159 148 177 126 131 88 132 122 101 85
EPS in Rs 2.41 3.97 1.51 2.53 2.36 2.79 1.91 1.98 1.34 2.06 1.85 1.52 1.34
Raw PDF
Upcoming result date: 16 May 2024

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
4,080 4,479 4,520 4,804 5,394 6,870 7,143
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%
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%
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%
Compounded Sales Growth
10 Years: %
5 Years: 11%
3 Years: 15%
TTM: 8%
Compounded Profit Growth
10 Years: %
5 Years: 7%
3 Years: -2%
TTM: -17%
Stock Price CAGR
10 Years: %
5 Years: 6%
3 Years: -6%
1 Year: 24%
Return on Equity
10 Years: %
5 Years: 29%
3 Years: 26%
Last Year: 18%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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
649 649 350 518 1,686 1,005 1,019
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
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
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

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

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

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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