Synopsis:
The company has received a letter of award worth Rs.4.75 crores for Water Pumping Systems under the PM-KUSUM-B scheme.
The shares of one of India’s prominent companies in the consumer electrical sector, which operates in both the Electrical Consumer Durables and Lighting segments, gained notice after receiving a contract from Madhya Pradesh Urja Vikas Nigam Limited to supply and install Off-Grid DC and AC Solar Water Pumping Systems.
With the market capitalization of Rs.19,001.93 crores, the shares of Crompton Greaves Consumer Electricals Limited are trading at Rs.295.10, up by 0.70 percent from its previous day’s closing price of Rs.293.05 per equity share.
Work Order
Crompton Greaves Consumer Electricals Limited has been awarded a contract by Madhya Pradesh Urja Vikas Nigam Limited worth Rs.4.75 crores to design, manufacture, supply, and install 197 Off-Grid DC and AC Solar Photovoltaic Water Pumping Systems under the PM-KUSUM scheme. The contract is scheduled to be completed within 120 days from the issuance of the work order.
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About the Company
Crompton Greaves Consumer Electricals Limited is one of India’s leading companies in the consumer electrical sector, operating in Electrical Consumer Durables and Lighting. It makes and sells a wide variety of products, including fans, lamps, pumps, water heaters, mixer grinders, toasters, irons, and electric lanterns. The company is a market leader in fans, domestic pumps, and street lighting, with manufacturing facilities in Goa, Vadodara, Ahmednagar, and Baddi.
The company’s revenue went down from Rs.2,138 crore in Q1FY25 to Rs.1,998 crore in Q1FY26. Net profit went down from Rs.152 crore in Q1FY25 to Rs.124 crore in Q1FY26. Its return on equity is 17 percent, and return on capital employed is 19 percent. It has a P/E ratio of 36.21, compared to the industry average of 56.67.
Written by Jhanavi Sivakumar
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