Crompton Greaves shares up 0.51% as Nifty gains

NEW DELHI: Shares of Crompton Greaves Consumer Electricals Ltd. traded 0.51 per cent up in Wednesday's trade at 12:50PM (IST). Around 21,297 shares changed hands on the counter.

The scrip opened at Rs 290.6 and touched an intraday high and low of Rs 295.0 and Rs 290.6, 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 278.1.

As per BSE, the total market cap of the Crompton Greaves Consumer Electricals Ltd. stood at Rs 18679.14 crore at the time of writing this report.

Key Financials
The company reported consolidated sales of Rs 1537.51 crore for the quarter ended 31-Dec-2022, down 10.5 per cent from previous quarter's Rs 1717.8 crore and down 7.92 per cent from the year-ago quarter's Rs 1424.63 crore.

The net profit for latest quarter stood at Rs 85.25 crore, down 42.5 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Dec-2022, domestic institutional investors held 32.37 per cent stake in the company, while foreign institutional investors held 39.54 per cent and the promoters 0.0 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 36.73 and a price-to-book ratio of 9.65. 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.