Synopsis:
The company has secured an order worth Rs.51.59 crores for the supply of solar rooftop systems to households in Telangana.
The shares of a leading consumer electrical company are engaged in the production and distribution of an extensive range of consumer goods, gained investor attention after securing a Rs.51.59 order.
With a market capitalization of Rs.18,287.18 crores, the shares of Crompton Greaves Consumer Electricals Limited were trading at Rs.284, down by 0.63 percent from its previous day closing price of Rs.285.80.
Contract
Crompton Greaves Consumer Electricals Limited has bagged its first Major Solar Rooftop order, valued at Rs.51.59 crores, to supply solar rooftop systems for homes, including inverters, panels, and AC/DC distribution boxes in Telangana. The deal comes soon after the company entered the solar rooftop market.
Crompton is well-positioned to leverage the large and growing solar rooftops market of Rs. 20,000–Rs. 25,000 Crs, expected to grow at a fast clip of 20 percent+. The combined solar pumps and solar rooftops segment represents a large opportunity size of Rs. 40,000–50,000 Crs. Crompton is uniquely positioned to capture this growth through its trusted & reliable brand and extensive distribution network.
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About the Company
Crompton Greaves Consumer Electricals Limited is one of India’s top consumer electrical companies, operating in the Electrical Consumer Durables and Lighting segments. The company produces and supplies a wide range of products, including fans, lamps, luminaires, pumps, and household appliances such as water heaters, mixer grinders, toasters, irons, and electric lanterns under the ECD division, along with a comprehensive portfolio of lighting solutions.
CGCEL holds a leading position in the fans, domestic pumps, and street lighting markets, with manufacturing facilities located 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 34.70, compared to the industry average of 55.49.
Written by Jhanavi Sivakumar
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