Synopsis:
The corporate has acquired a letter of award value Rs.4.75 crores for Water Pumping Programs underneath the PM-KUSUM-B scheme.
The shares of certainly one of India’s distinguished firms within the shopper electrical sector, which operates in each the Electrical Client Durables and Lighting segments, gained discover after receiving a contract from Madhya Pradesh Urja Vikas Nigam Restricted to provide and set up Off-Grid DC and AC Photo voltaic Water Pumping Programs.
With the market capitalization of Rs.19,001.93 crores, the shares of Crompton Greaves Client Electricals Restricted are buying and selling at Rs.295.10, up by 0.70 % from its earlier day’s closing worth of Rs.293.05 per fairness share.
Work Order
Crompton Greaves Client Electricals Restricted has been awarded a contract by Madhya Pradesh Urja Vikas Nigam Restricted value Rs.4.75 crores to design, manufacture, provide, and set up 197 Off-Grid DC and AC Photo voltaic Photovoltaic Water Pumping Programs underneath the PM-KUSUM scheme. The contract is scheduled to be accomplished inside 120 days from the issuance of the work order.
Additionally Learn: Largecap inventory in focus after Govt plans to promote 3% stake through provide on the market
Concerning the Firm
Crompton Greaves Client Electricals Restricted is certainly one of India’s main firms within the shopper electrical sector, working in Electrical Client Durables and Lighting. It makes and sells all kinds of merchandise, together with followers, lamps, pumps, water heaters, mixer grinders, toasters, irons, and electrical lanterns. The corporate is a market chief in followers, home pumps, and avenue lighting, with manufacturing amenities in Goa, Vadodara, Ahmednagar, and Baddi.
The corporate’s income went down from Rs.2,138 crore in Q1FY25 to Rs.1,998 crore in Q1FY26. Web revenue went down from Rs.152 crore in Q1FY25 to Rs.124 crore in Q1FY26. Its return on fairness is 17 %, and return on capital employed is nineteen %. It has a P/E ratio of 36.21, in comparison with the trade common of 56.67.
Written by Jhanavi Sivakumar
Disclaimer
The views and funding suggestions expressed by funding consultants/broking homes/score businesses on tradebrains.in are their very own, and never that of the web site or its administration. Investing in equities poses a danger of monetary losses. Buyers should subsequently train due warning whereas investing or buying and selling in shares. Commerce Brains Applied sciences Non-public Restricted or the creator should not answerable for any losses triggered because of the choice based mostly on this text. Please seek the advice of your funding advisor earlier than investing.
