Synopsis:
Crompton Greaves won a ₹4.28 crore order for 196 off-grid solar pumps from MP Urja Vikas Nigam, which is to be completed in 120 days.
The shares of the Small-Cap company, specializing in the manufacturing and marketing of two main business segments: Lighting and Electrical Consumer Durables, are in focus upon receiving a work order from Madhya Pradesh Urja Vikas Nigam Limited for solar photovoltaic water pumping systems.
With a market capitalization of Rs. 20,101.09 Crores on Monday, the shares of Crompton Greaves Consumer Electricals Ltd rose by 0.04 percent after making a high of Rs. 314.25 compared to its previous closing price of Rs. 314.10.
What happened
Crompton Greaves Consumer Electricals Ltd, engaged in the manufacturing and marketing of two main business segments: Lighting and Electrical Consumer Durables, has received a Rs. 4.28 crore order from Madhya Pradesh Urja Vikas Nigam Limited.
The order is for the design, manufacture, supply, installation, and commissioning of 196 Off-grid DC & AC Solar Photovoltaic Water Pumping Systems (SPWPS) under the PM KUSUM-B scheme, which is part of the PM Krishak Mitra Surya Yojana in Madhya Pradesh, and the project is expected to be completed within 120 days.
Financials & Others
The company’s revenue declined by 6.52 percent from Rs. 2,138 crore to Rs. 1,998 crore in Q1FY25-26. Meanwhile, the Net profit declined from Rs. 152 crore to Rs. 124 crore during the same period.
The company has a Return on Capital Employed (ROCE) of 19.0%, a Return on Equity (ROE) of 17.4%, and a low debt-to-equity ratio of 0.14. It also maintains a healthy dividend payout ratio of 39.9%.
Crompton Greaves Consumer Electricals Ltd is India’s leading consumer durable and lighting brand, with over 85 years of legacy. Trusted by more than 10 crore households, the company operates through a vast network of 314,000+ retailers and employs over 3,000 industry experts, focusing on innovative, high-quality, and sustainable solutions to enhance consumer lives.
The company is the market leader in the Indian fan industry with a value market share of approximately 29% as of mid-2025. The company also holds leading positions in the residential pumps market and has an increasing presence in water heaters and air coolers, though it is not the market leader in every segment.
It is recognized for its wide range of products, including fans, LED lighting, pumps, and various household appliances like water heaters, air coolers, and kitchen equipment. The company is a market leader in the fans and domestic pumps segments and has built a strong brand presence across India.
The company’s business is structured around two primary segments: Electrical Consumer Durables (ECD), which covers fans, pumps, and appliances; and Lighting Products, which include LEDs and other lighting solutions. Crompton’s commitment to quality, innovation, and expanding its appliance portfolio has kept it at the forefront of the Indian consumer electricals sector.
Written by Sridhar J
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