Crompton Greaves Consumer Electricals Ltd
Crompton Greaves Consumer Electricals Ltd
Consumer Discretionary F&OCrompton Greaves Consumer Electricals Limited is one of the leading consumer companies in India with a 75+ years old brand legacy. It is an independent company under professional management and have 2 business segments – Lighting and Electrical Consumer Durables. We market our products under the “Crompton” brand name in India and select export markets. [1]
Crompton Greaves Consumer has overwhelming analyst support (91% buy ratings) and is nearly debt-free, but a negative PE of -77.4 and TTM profit decline of -38% signal serious near-term earnings pressure. The stock has underperformed with a 1-year return of -20%, making it a hold until profitability stabilizes.
Key Fundamentals
SmallcapHousehold AppliancesConsumer GoodsTechnical Indicators
Key Insights
Strengths
2- Company has reduced debt.
- Company is almost debt free.
Weaknesses
2- The company has delivered a poor sales growth of 8.65% over past five years.
- Debtor days have increased from 38.7 to 51.5 days.
Growth Rate
AI Analysis — Bull vs Bear
Crompton Greaves Consumer has overwhelming analyst support (91% buy ratings) and is nearly debt-free, but a negative PE of -77.4 and TTM profit decline of -38% signal serious near-term earnings pressure. The stock has underperformed with a 1-year return of -20%, making it a hold until profitability stabilizes.
- Overwhelming analyst consensus with 91.43% buy ratings (32 out of 35 analysts recommend buy) indicates strong institutional conviction
- Company is almost debt-free, significantly reducing financial risk and interest burden in a rising rate environment
- Long-term compounded sales growth of 15% over 10 years demonstrates durable demand for its consumer electrical products
- 10-year stock CAGR of 7% shows the company has created long-term shareholder value despite recent weakness
- 10-year ROE average of 23% reflects a historically capital-efficient business model with strong brand moats
- Dividend yield of 1.08% provides some income cushion while investors wait for earnings recovery
- 5-year compounded sales growth of 9% indicates the core revenue engine remains intact despite macro headwinds
- Market cap of Rs 17,675 Cr positions it as a credible mid-large cap with adequate liquidity and institutional coverage
- Negative PE ratio of -77.4 indicates the company is currently loss-making or has severely impaired earnings
- TTM compounded profit growth of -38% shows a dramatic deterioration in bottom-line performance
- 1-year stock return of -20% reflects significant market repricing of growth expectations
- Last year ROE collapsed to 10% from a 5-year average of 17%, signaling declining capital efficiency
- Debtor days increased from 38.7 to 51.5 days, indicating deteriorating working capital management and potential collection issues
- 5-year compounded profit CAGR of -10% shows a sustained multi-year earnings decline, not a one-off event
- TTM sales growth of only 2% is well below the 5-year average of 9%, suggesting demand slowdown or market share pressure
- 3-year stock CAGR of -1% means investors have earned zero returns over a meaningful holding period
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- Chhattisgarh tax order upheld Jun 24
Additional Commissioner upheld ₹52.36 lakh tax demand (₹23.36L tax + ₹26.66L interest + ₹2.34L penalty) for Jul 2017–Mar 2018. Potential impact of ₹62.83 lakh including revised interest; company plans to appeal under Section 112 SGST Act.
- GST demand for FY 2019-20 Jun 16
Commissioner (Appeals) issued order regarding a GST demand for FY 2019-20. Details of quantum not disclosed but adds to ongoing indirect tax disputes.
- Consumer dispute compensation paid Jun 12
Company paid ₹15,000 compensation following District Consumer Disputes Redressal Commission order dated June 4, 2026. Immaterial financially but signals a product/service complaint.
- Active institutional investor engagement Jun 20
Non-deal roadshow on Jun 18 with six institutional investors, plus scheduled meetings with Metta Capital, Axis Max Life, Nippon India MF, Motilal Oswal, Phillip Capital, Axis Capital, and SPARX Asset Management between Jun 2–Jun 25, 2026.
TL;DR: A quiet period for Crompton Greaves with no material business updates or earnings catalysts. The company faces minor tax disputes totalling under ₹1 crore potential impact, which are financially immaterial. Active engagement with multiple institutional investors suggests sustained buy-side interest. The newsflow is largely procedural with no visible deterioration or improvement in fundamentals.
Quarterly Results
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,604 | 1,657 | 1,476 | 1,458 | 1,797 | 1,959 | 1,645 | 1,545 | 1,878 | 1,819 | 1,632 | 1,659 | 2,083 |
| Expenses | 1,407 | 1,492 | 1,326 | 1,311 | 1,571 | 1,737 | 1,465 | 1,374 | 1,630 | 1,641 | 1,502 | 1,485 | 1,830 |
| Operating Profit | 196 | 166 | 151 | 147 | 225 | 222 | 180 | 171 | 248 | 178 | 130 | 174 | 253 |
| OPM % | 12% | 10% | 10% | 10% | 13% | 11% | 11% | 11% | 13% | 10% | 8% | 10% | 12% |
| Other Income | 17 | 19 | 12 | 15 | 14 | 22 | 16 | 10 | 16 | 22 | -4 | -8 | -703 |
| Interest | 26 | 19 | 20 | 20 | 14 | 14 | 10 | 9 | 12 | 9 | 5 | 8 | 9 |
| Depreciation | 15 | 14 | 16 | 17 | 19 | 20 | 21 | 21 | 23 | 23 | 27 | 26 | 27 |
| PBT | 172 | 151 | 128 | 126 | 206 | 211 | 165 | 151 | 229 | 168 | 94 | 132 | -485 |
| Tax % | 23% | 24% | 26% | 24% | 22% | 25% | 25% | 26% | 26% | 25% | 25% | 26% | 11% |
| Net Profit | 132 | 115 | 95 | 95 | 161 | 158 | 123 | 112 | 171 | 125 | 70 | 98 | -537 |
| EPS in Rs | 2.07 | 1.8 | 1.48 | 1.49 | 2.5 | 2.45 | 1.92 | 1.74 | 2.65 | 1.94 | 1.09 | 1.53 | -8.34 |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0 | 1,783 | 3,901 | 4,080 | 4,479 | 4,512 | 4,750 | 5,373 | 5,809 | 6,388 | 7,028 | 7,193 |
| Expenses | 3 | 1,574 | 3,416 | 3,549 | 3,893 | 3,915 | 4,045 | 4,612 | 5,138 | 5,700 | 6,209 | 6,447 |
| Operating Profit | -3 | 209 | 485 | 531 | 586 | 597 | 705 | 761 | 671 | 689 | 819 | 746 |
| OPM % | — | 12% | 12% | 13% | 13% | 13% | 15% | 14% | 12% | 11% | 12% | 10% |
| Other Income | 0 | -10 | 17 | 31 | 48 | 59 | 76 | 80 | 80 | 60 | 63 | -692 |
| Interest | 0 | 35 | 66 | 64 | 60 | 41 | 43 | 35 | 103 | 73 | 43 | 42 |
| Depreciation | 0 | 6 | 11 | 13 | 13 | 27 | 30 | 42 | 54 | 65 | 84 | 102 |
| PBT | -3 | 158 | 425 | 485 | 562 | 588 | 708 | 763 | 594 | 611 | 756 | -91 |
| Tax % | -35% | 33% | 33% | 33% | 28% | 16% | 15% | 22% | 20% | 24% | 25% | 168% |
| Net Profit | -2 | 105 | 283 | 324 | 403 | 495 | 605 | 593 | 476 | 466 | 563 | -243 |
| EPS in Rs | -74.8 | 1.68 | 4.52 | 5.17 | 6.42 | 7.89 | 9.63 | 9.37 | 7.48 | 7.25 | 8.75 | -3.78 |
| Div. Payout % | 0% | 0% | 33% | 34% | 31% | 0% | 57% | 27% | 40% | 41% | 34% | -79% |
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.05 | 125 | 125 | 125 | 125 | 125 | 126 | 127 | 127 | 129 | 129 | 129 |
| Reserves | -2 | 103 | 392 | 664 | 973 | 1,342 | 1,793 | 2,329 | 2,712 | 3,077 | 3,475 | 3,049 |
| Borrowings | 0 | 644 | 648 | 649 | 649 | 350 | 518 | 1,632 | 1,000 | 679 | 466 | 192 |
| Other Liabilities | 3 | 780 | 948 | 987 | 922 | 927 | 1,107 | 1,238 | 1,307 | 1,690 | 1,870 | 2,273 |
| Total Liabilities | 1 | 1,653 | 2,113 | 2,425 | 2,670 | 2,744 | 3,544 | 5,326 | 5,146 | 5,574 | 5,940 | 5,642 |
| Fixed Assets | 0 | 858 | 862 | 862 | 863 | 909 | 915 | 1,099 | 1,122 | 1,120 | 1,270 | 1,283 |
| CWIP | 0 | 0 | 0 | 1 | 1 | 20 | 11 | 8 | 24 | 51 | 23 | 7 |
| Investments | 0 | 0 | 319 | 368 | 544 | 554 | 775 | 2,018 | 2,459 | 2,556 | 2,546 | 2,073 |
| Other Assets | 1 | 795 | 933 | 1,195 | 1,261 | 1,261 | 1,843 | 2,202 | 1,541 | 1,847 | 2,101 | 2,280 |
| Total Assets | 1 | 1,653 | 2,113 | 2,425 | 2,670 | 2,744 | 3,544 | 5,326 | 5,146 | 5,574 | 5,940 | 5,642 |
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 0 | 176 | 313 | 315 | 301 | 421 | 815 | 730 | 425 | 796 | 716 | 637 |
| Investing | 0 | 2 | -319 | -33 | -171 | -2 | -489 | -1,720 | 299 | -176 | -87 | -100 |
| Financing | 0 | -88 | -17 | -175 | -186 | -513 | -96 | 907 | -850 | -534 | -566 | -591 |
| Net Cash Flow | 0 | 90 | -24 | 107 | -56 | -93 | 230 | -83 | -126 | 87 | 63 | -54 |
| Free Cash Flow | 0 | 174 | 298 | 302 | 286 | 373 | 795 | 560 | 360 | 734 | 623 | 570 |
| CFO/OP | 0 | 110 | 95 | 94 | 85 | 95 | 123 | 118 | 81 | 128 | 108 | 104 |
Ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | — | 85 | 44 | 50 | 46 | 37 | 35 | 33 | 33 | 33 | 31 | 52 |
| Inventory Days | — | 60 | 36 | 40 | 42 | 55 | 58 | 51 | 56 | 58 | 59 | 44 |
| Days Payable | — | 191 | 95 | 100 | 78 | 76 | 89 | 84 | 81 | 97 | 102 | 129 |
| Cash Conversion Cycle | — | -45 | -14 | -11 | 9 | 16 | 4 | 0 | 8 | -6 | -11 | -33 |
| Working Capital Days | — | -45 | -11 | -2 | -14 | 5 | -3 | -107 | -13 | -20 | -21 | 31 |
| ROCE % | — | 48% | 48% | 42% | 38% | 35% | 34% | 24% | 17% | 18% | 20% | 19% |
Documents
Frequently Asked Questions about Crompton Greaves Consumer Electricals Ltd
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Company Information
Crompton Greaves Consumer Electricals Limited is one of the leading consumer companies in India with a 75+ years old brand legacy. It is an independent company under professional management and have 2 business segments – Lighting and Electrical Consumer Durables. We market our products under the “Crompton” brand name in India and select export markets. [1]