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Buy Crompton Greaves Consumer Electricals, target price Rs 380: HDFC Securities

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HDFC Securities has buy call on Crompton Greaves Consumer Electricals with a target price of Rs 380. The current market price of Crompton Greaves Consumer Electricals Ltd. is Rs 269.8.

Crompton Greaves Consumer Electricals Ltd., incorporated in the year 2015, is a Mid Cap company (having a market cap of Rs 17275.66 Crore) operating in Consumer Durables sector.

Crompton Greaves Consumer Electricals Ltd. key Products/Revenue Segments include Electrical Consumer Durables, Lighting Products, Scrap, Sale of services, Export Incentives and Royalty Income for the year ending 31-Mar-2023.

Financials
For the quarter ended 31-12-2023, the company reported a Consolidated Total Income of Rs 1709.36 Crore, down -4.88 % from last quarter Total Income of Rs 1797.15 Crore and up 11.18 % from last year same quarter Total Income of Rs 1537.51 Crore. Company reported net profit after tax of Rs 85.45 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 2.54 per cent stake in the company as of 31-Dec-2023, while FIIs owned 35.58 per cent, DIIs 47.45 per cent.

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