Buy CG Consumer, target price Rs 280: Chandan Taparia
Chandan Taparia recommended to keep stoploss at Rs 257.
Crompton Greaves Consumer Electricals Ltd., incorporated in the year 2015, is a Large Cap company (having a market cap of Rs 16614.41 Crore) operating in Consumer Durables sector.
Crompton Greaves Consumer Electricals Ltd. key Products/Revenue Segments include Electrical Consumer Durables which contributed Rs 3200.35 Crore to Sales Value (71.45 % of Total Sales), Lighting Products which contributed Rs 1261.95 Crore to Sales Value (28.17 % of Total Sales), Scrap which contributed Rs 8.23 Crore to Sales Value (0.18 % of Total Sales), Export Incentives which contributed Rs 6.80 Crore to Sales Value (0.15 % of Total Sales) and Sale of services which contributed Rs 1.58 Crore to Sales Value (0.03 % of Total Sales)for the year ending 31-Mar-2019.
For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 1075.79 Crore, down -20.12 % from last quarter Sales of Rs 1346.84 Crore and up 3.66 % from last year same quarter Sales of Rs 1037.83 Crore Company has reported net profit after tax of Rs 110.88 Crore in latest quarter. The company’s top management includes Mr.D Sundaram, Mr.H M Nerurkar, Mr.P M Murty, Mr.Promeet Ghosh, Mr.Sahil Dalal, Mr.Shantanu Khosla, Ms.Shweta Jalan, Ms.Smita Anand. Company has Sharp & Tannan as its auditoRs As on 30-09-2019, the company has a total of 627,032,671 shares outstanding.