CG Consumer shares up 4.48% as Nifty gains

NEW DELHI: Shares of Crompton Greaves Consumer Electricals Ltd. traded 4.48 per cent up in Wednesday's trade at 10:00AM (IST). Around 33,747,290 shares changed hands on the counter.

The counter opened at Rs 409.1 and touched an intraday high and low of Rs 428.8 and Rs 409.1, respectively, in the session so far. The stock of Crompton Greaves Consumer Electricals Ltd. quoted a 52-week high of Rs 455.6 and a 52-week low of Rs 217.4.

Total market cap of the Crompton Greaves Consumer Electricals Ltd. stood at Rs 26479.16 crore at the time of writing this report.
Key Financials
The company reported consolidated sales of Rs 1542.65 crore for the quarter ended 31-Mar-2021, up 12.76 per cent from previous quarter's Rs 1368.06 crore and up 48.57 per cent from the year-ago quarter's Rs 1038.3 crore.

The net profit for latest quarter stood at Rs 249.08 crore, up 143.96 per cent from the same quarter a year ago.

Shareholding pattern
As of 31-Mar-2021, DIIs held 27.9 per cent stake in the firm, while foreign institutional investors held 48.0 per cent and the promoters 11.36 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 42.94 and a price-to-book ratio of 8.92. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Crompton Greaves Consumer Electricals Ltd. belongs to the Electronics/Electricals industry.