Shares of Crompton Greaves Consumer Electricals Ltd traded 1.02 percent up in Tuesday’s trade at 01:09PM (IST). Around 25,208 shares changed hands on the counter. The counter opened at Rs 314.3 and touched an intraday high and low of Rs 317.25 and Rs 311.35, respectively, in the session so far. The stock of Crompton Greaves Consumer Electricals Ltd quoted a 52-week high of Rs 348.85 and a 52-week low of Rs 251.25. According to BSE, the total market cap of Crompton Greaves Consumer Electricals Ltd. stood at Rs 20203.38 crore at the time of writing this report.
The company reported consolidated net sales of Rs 1797.15 crore for the quarter ended 30-Sep-2023, down 5.25 percent from the previous quarter’s Rs 1896.65 crore and down 4.62 percent from the year-ago quarter’s Rs 1717.8 crore. The net profit for the latest quarter stood at Rs 97.22 crore, down 22.71 percent from the same quarter a year ago.
As of 30-Sep-2023, domestic institutional investors held 35.43 percent stake in the company, while foreign institutional investors held 35.65 percent and the promoters 0.0 percent.
According to BSE data, the stock traded at a P/E multiple of 46.77 and a price-to-book ratio of 7.01. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.
Crompton Greaves Consumer Electricals Ltd. belongs to the Electronics/Electricals industry.
