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CROMPTON Share Price Target
Crompton Greaves Consumer Electricals Ltd.
NSE: CROMPTON | BSE: 539876 | ISIN: INE299U01018 | Sector: Electric Equipment
CROMPTON Rating
- ★★
- ★★
- ★★
- ★★
- ★★
5/5 (16 Ratings)
CROMPTON Share Price *
287.6 +0.7 (0.24%)
* (quote may be delayed)
14 CROMPTON share price target reports by brokerages below. See what is analyst's view on CROMPTON share price forecast, rating, estimates, valuation and prediction behind the target. You may use these research report forecasts for long-term to medium term for your investment or trades in 2020.
You can also find CROMPTON share price target tomorrow or next week from CROMPTON discussion forum.
CROMPTON Share Price Forecast - Consensus
| No. of reports in last year | 14 |
| No. of analysts | 7 |
| Average Consensus Forecast | 295.36 |
| Consensus Potential | 2.42% |
CROMPTON Share Price Target - Broker Reports - 2020
Prabhudas Lilladher
30-Jan-20
Price @ Call: 266.18
Target: 306
BUY
We retain our positive stance on Crompton given 1) sustained growth potential in core categories of fans, pumps 2) well defined plan to scale up new segments like Geysers, Air Coolers and now mixers and grinders 3) rising innovations 4) increasing focus on brand building and 5) strong balance sheet. We estimate 19% PAT CAGR over FY20-22 and value the stock at 30x Dect21 EPS of Rs10.2. Maintain BUY with a target price of Rs306/-
CROMPTON Share Price Target - Broker Reports - 2019
Nirmal Bang
24-Oct-19
Price @ Call: 256.27
Target: 335
BUY
The bottomline was 14%/3% above our/consensus estimates. CGCEL aims to sustain healthy growth and margin led by premiumisation, meaningful innovation, cost reduction, augmentation of distribution network and significant investments in product categories. We have cut our earnings estimates by 2%/4%/4% for FY20E/FY21E/FY22E, owing to low profitability in the Lighting segment. We maintain Buy rating on the stock with a revised target price of Rs335 (Rs350 earlier) based on 35x September 2021E earnings.
HDFC Securities
24-Oct-19
Price @ Call: 256.27
Target: 339
BUY
Crompton’s 2Q performance was weak. Dull show in lighting overshadows ECD performance. Crompton remains committed to improve their lighting biz via investments in B- B (inspired by Havells). We believe Crompton’s 2HFY20 performance will be similar to 1H and hence don’t expect a sharp recovery (unlike peers). We cut EPS by 3-5% over FY19- 22E. We value the co at 35x on Sep-21 EPS, arriving at a TP of Rs 339. Maintain BUY
Prabhudas Lilladher
25-Oct-19
Price @ Call: 254.99
Target: 303
BUY
We remain positive on Crompton given 1) strong growth potential in core categories of fans, pumps 2) well defined plan to scale up new segments like Geysers, Air Coolers and now mixers and grinders 3) rising innovations and 4) increasing focus on brand building. We estimate 22% PAT CAGR over FY19-22 and value the stock at 30x Sept21 EPS of Rs10.1. Maintain BUY with a target price of Rs303
HDFC Securities
29-Jul-19
Price @ Call: 225.25
Target: 304
BUY
Brighter (lighting) days ahead Crompton’s 1Q performance was a mixed bag with beat in ECD while miss on lighting. Co’s success in ECD with market share gains in fans and higher aggression in appliances was encouraging. Lighting disappoints with legacy issues (conventional lighting) and investments in B2B. We cut EPS by 2-3% over FY20-21E. We value co at 35x on Jun-21 EPS, arriving at a TP of Rs 304.
Dolat Capital
29-Jul-19
Price @ Call: 225.25
Target: 275
BUY
DART view: In line quarter; ECD grew strongly: Maintain Buy The Q1FY19 results were in line with our estimates. The ECD growth was strong, with seasonal impetus for fans and pumps. However, price erosion continued in the B2B lighting, falling 5-7% YoY. Although Crompton, is trying to offset it with premium products in B2C. Lighting margins contracted 631bps QoQ, on account of higher A&P spend and accounting provisions, while EBIT margins for ECD expanded, due to better product mix. We maintain our Sales/EBITDA/PAT in FY20E, and expect the company to report a sales/PAT CAGR of 15%/17%, respectively, over FY19-21E. We view the company as a good adjunct between Havells and V-Guard, and maintain Buy, with an unchanged TP of 275, valuing the stock at 31x for FY21E.
Motilal Oswal
26-Jul-19
Price @ Call: 226.65
Target: 270
BUY
We like CROMPTON for its strong product portfolio, established brand, market leadership, wide distribution network, robust RoE/RoCE profile and healthy free cash flow generating business model. We maintain our Buy rating with TP of INR270 (30x Mar’21 EPS).
Nirmal Bang
26-Jul-19
Price @ Call: 224.5
Target: 285
BUY
CGCEL aims to sustain healthy growth and margin led by premiumisation, meaningful innovation, cost reduction, augmentation of distribution network and scaling-up of new product categories. We have marginally tweaked our earnings estimates and maintained Buy rating on the stock with a target price of Rs285 based on 35x FY21E earnings.
Reliance Securities
26-Jul-19
Price @ Call: 224.5
Target: 290
BUY
With continued strong demand for new launches, market leadership and robust distribution network, we expect CGCEL’s earnings to clock 14% CAGR through FY19-21E, while RoCE is likely to improve to 42.7% in FY21E (from 40.8% in FY19). At CMP, the stock trades at 30.6x of FY20 and 25.6x of FY20 earnings. Valuing at 35x P/E to its FY20E EPS, we maintain our BUY recommendation on the stock with an revised Target Price of Rs290 (from Rs297).
Prabhudas Lilladher
25-Jul-19
Price @ Call: 229.5
Target: 297
BUY
We retain our positive stance on Crompton given 1) success of new launches in emerging segments like Geysers and Air Coolers 2) rising innovations with products like Anti-Bac, Air Buddy, Aura Fluidic and Crest Mini in mature categories 3) deeper distribution reach (through GTM) 4) increasing focus on brand building and 5) gains from cost optimization program (Unnati). We estimate 20% PAT CAGR over FY19-21 and value the stock at 33x June 21 EPS of Rs9. Maintain BUY with a target price of Rs297 (earlier Rs284)
Dolat Capital
24-May-19
Price @ Call: 220.3
Target: 275
BUY
We marginally lower our sales/EBITDA/PAT estimates by 3%/4%/1%, respectively, in FY20E, and expect the company to report a sales/PAT CAGR of 15%/17%, respectively, over FY19-21E. We view the company as a good adjunct between Havells and V-Guard, and maintain Buy, with an unchanged TP of Rs275, valuing the stock at 31x for FY21E.
Reliance Securities
23-May-19
Price @ Call: 219.2
Target: 297
BUY
Prabhudas Lilladher
23-May-19
Price @ Call: 219.2
Target: 284
BUY
However, with commodity pressure subsiding, strong growth potential in Electronic Consumer Durables (ECD) segment, strong LED volume growth, increasing GTM (Go to Market) reach in distribution, thrust on innovation & cost optimization, we remain positive on long term growth prospects. We estimate 20% PAT CAGR over FY19-21 and value the stock at 33x March 21 EPS. Maintain Buy with a target price of Rs284 (earlier Rs272).
JM Financial
5-Apr-19
Price @ Call: 230.34
Target: 275
BUY
Reliance Securities
4-Feb-19
Price @ Call: 216.1
Target: 297
BUY
Nirmal Bang
2-Feb-19
Price @ Call: 212.6
Target: 270
BUY
HDFC Securities
2-Feb-19
Price @ Call: 212.6
Target: 297
BUY
Motilal Oswal
31-Jan-19
Price @ Call: 214.67
Target: 270
BUY
Prabhudas Lilladher
30-Jan-19
Price @ Call: 215
Target: 272
BUY
CROMPTON Share Price Target - Broker Reports - 2018
HDFC Securities
29-Oct-18
Price @ Call: 195.2
Target: 280
BUY
Prabhudas Lilladher
26-Oct-18
Price @ Call: 198.29
Target: 276
BUY
Prabhudas Lilladher
6-Sep-18
Price @ Call: 222.65
Target: 290
BUY
Motilal Oswal
5-Sep-18
Price @ Call: 233.8
Target: 305
BUY
Motilal Oswal
17-Aug-18
Price @ Call: 261
Target: 305
BUY
HDFC Securities
27-Jul-18
Price @ Call: 243.87
Target: 290
BUY
Edelweiss
27-Jul-18
Price @ Call: 244.55
Target: 280
BUY
Motilal Oswal
27-Jul-18
Price @ Call: 237.8
Target: 280
BUY
Prabhudas Lilladher
27-Jul-18
Price @ Call: 237.8
Target: 290
BUY
HDFC Securities
18-May-18
Price @ Call: 242.63
Target: 285
BUY
Edelweiss
17-May-18
Price @ Call: 228.9
Target: 280
BUY
Motilal Oswal
17-May-18
Price @ Call: 228.9
Target: 270
BUY
Prabhudas Lilladher
17-May-18
Price @ Call: 228.9
Target: 299
BUY
Prabhudas Lilladher
20-Feb-18
Price @ Call: 231.55
Target: 297
BUY
Bonanza
1-Feb-18
Price @ Call: 255.96
Target: 295
BUY
Edelweiss
24-Jan-18
Price @ Call: 253.32
Target: 290
BUY
HDFC Securities
25-Jan-18
Price @ Call: 249.75
Target: 290
BUY
Prabhudas Lilladher
24-Jan-18
Price @ Call: 253.32
Target: 297
BUY
CROMPTON Share Price Target - Broker Reports - 2017
HDFC Securities
2-Nov-17
Price @ Call: 219.48
Target: 268
BUY
Edelweiss
30-Oct-17
Price @ Call: 218.5
Target: 260
BUY
Motilal Oswal
27-Oct-17
Price @ Call: 220.89
Target: 260
BUY
Motilal Oswal
28-Jul-17
Price @ Call: 209
Target: 240
BUY
Reliance Securities
28-Jul-17
Price @ Call: 208
Target: 246
BUY
Nirmal Bang
27-Jun-17
Price @ Call: 220
Target: 260
BUY
Reliance Securities
6-Jun-17
Price @ Call: 236.5
Target: 246
HOLD
HDFC Securities
29-May-17
Price @ Call: 224
Target: 248
BUY
IIFL
4-May-17
Price @ Call: 216
Target: 262
BUY
CROMPTON Share Price Target - Broker Reports - 2016
Kotak Securities
16-Nov-16
Price @ Call: 146.95
Target: 165
BUY
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CROMPTON Peer Stocks - Share Price Targets
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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