Synopsis:
Crompton Greaves Consumer Electricals secured a Rs. 14.98 crore order from Madhya Pradesh Urja Vikas Nigam Ltd for installing 452 off-grid solar water pumping systems under PM KUSUM B.
A leading household appliances company is in the spotlight after receiving a new work order worth Rs. 14.98 crore from Madhya Pradesh Urja Vikas Nigam Ltd for installing 452 off-grid solar water pumping systems.
With the market capitalization of Rs. 20,748.16 crore, the shares of Crompton Greaves Consumer Electricals Limited is trading at Rs. 322.55, up by 1.27 percent from its previous day’s close price of Rs. 318.50 per equity share, and it has reached a high of Rs. 324.25 in the same trading day.
Work Order
Madhya Pradesh Urja Vikas Nigam Ltd has awarded an order worth ~₹14.98 crore (ex-GST) for the supply and installation of 452 off-grid solar photovoltaic water pumping systems (2HP to 7.5HP) under PM KUSUM B – KrishakMitra Surya Yojana. The domestic project is to be completed within 120 days.
About the Company & Others
Crompton Greaves Consumer Electricals Limited, India’s leading consumer durables and lighting brand, has been in business for over 85 years and is managed by professionals. It operates in two business segments: lighting and electrical consumer durables, serving over 10 crore households through 3,14,000+ retailers and employing over 3,000 people. Crompton, known for its innovative, high-quality, and sustainable solutions, is dedicated to improving people’s lives in India and other select global markets.
A return on equity (ROE) of about 17.4 percent and a return on capital employed (ROCE) of about 19 percent demonstrate the company’s position. At the moment, the company’s P/E ratio is 39.6x lower as compared to its industry P/E 53x.
For Q1 FY26, its revenue from operations declined by 6.5 percent from Rs. 2,138 crore in Q1 FY25 to Rs. 1,998 crore in FY25, accompanied by profits of Rs. 124 crore in Q1 FY26 compared to 152 crore in Q1 FY25. The debt-to-equity ratio stands at 0.14.
Written by Akshay Sanghavi
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