Leading consumer electricals stock engaged in manufacturing and supplying a wide range of consumer products ranging from fans, air coolers, pumps, solar pumps, and many more in focus upon receiving a new work order worth Rs. 44 Crores from Maharashtra Energy Development Agency and Maharashtra State Electricity Distribution Co. Ltd
Price Action
With a market capitalization of Rs. 27,565 Crores, the shares of Crompton Greaves Consumer Electricals Limited were trading at Rs. 428 per equity share, down 0.47 percent from the previous day’s close price of Rs. 430.
What Happened
Crompton Greaves Consumer Electricals Limited one of the leading Fast-Moving Electrical Goods manufacturers has received two new work orders worth Rs. 44 Crores, the first work order was received from Maharashtra Energy Development Agency for a consideration of Rs. 25 Crores.
The said work order is for the Design, manufacture, supply, transport, installation, testing & commissioning of 1000 Off-grid Solar Photovoltaic Water Pumping Systems for irrigation purposes under MNRE Component-B of PM- KUSUM scheme and it should be executed within 120 days.
The second work order is received from Maharashtra State Electricity Distribution Co. Ltd for a consideration of Rs. 19 Crores for the Design, manufacture, supply, transport, installation, testing & commissioning of 731 Off-grid Solar Photovoltaic Water Pumping Systems and it should be executed within 120 days.
About the Company
Crompton Greaves Consumer Electricals Limited is one of the leading Fast-Moving Electrical Goods manufacturers operate through two segments, Electric Consumer Durables (ECD) and Lighting.
It manufactures and supplies a wide range of consumer products ranging from fans, air coolers, pumps, solar pumps, appliances, LED Panels, floodlights, and many more under the brand name Crompton.
Financials and Ratios
Its revenue from operations grew by 6.45 percent from Rs. 6,870 Crores in FY23 to Rs. 7,313 Crores in FY24, accompanied by profits of Rs. 476 Crores to Rs. 442 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 15.6 percent, and a return on capital employed (ROCE) of 15.8 percent. It has reported a debt-to-equity ratio of 0.23.
Written by: Bharath K.S
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