Crompton Greaves shares up 2.57% as Nifty gains

NEW DELHI: Shares of Crompton Greaves Consumer Electricals Ltd. traded 2.57 per cent up in Wednesday's trade at 10:15AM (IST). Around 3,571,163 shares changed hands on the counter.

The counter opened at Rs 266.35 and touched an intraday high and low of Rs 273.4 and Rs 266.0, respectively, in the session so far. Shares of the company of Crompton Greaves Consumer Electricals Ltd. quoted a 52-week high of Rs 428.8 and a 52-week low of Rs 251.25.

As per BSE, the total market cap of the Crompton Greaves Consumer Electricals Ltd. stood at Rs 17375.34 crore at the time of writing this report.

Key Financials
The company reported consolidated net sales of Rs 1807.73 crore for the quarter ended 31-Mar-2023, up 17.58 per cent from previous quarter's Rs 1537.51 crore and up 15.14 per cent from the year-ago quarter's Rs 1570.07 crore.

The net profit for latest quarter stood at Rs 131.16 crore, down 25.71 per cent from the same quarter a year ago.

Shareholding pattern
As of 31-Mar-2023, DIIs held 33.18 per cent stake in the firm, while foreign institutional investors held 39.63 per cent and the promoters 0.0 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 37.51 and a price-to-book ratio of 7.01. 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.