Tuesday, May 26, 2020

Crompton Greaves Consumer Electrical Ltd – On faster recovery Path


Crompton Greaves Consumer Electrical Ltd  closes   at ₹ 212.85   with  a  Gain   of   +0.6 %   on    22-May- 2020   with formation of  a  Small Red  Candle    on Daily  Price Chart.The company has  posted  Net Sales  of Rs.4512.00 Cr & Net Profit of Rs.494.70  in FY2020 and  expected to Post Net Sales of Rs.3868.90  Cr & Net Profit of Rs.343.50 Cr in FY2021 & Net Sales of Rs.4506.80  Cr & Net Profit of Rs.435.60 Cr in FY2022.

Valuations  : The Company is now Trading at X 1.60   of its Value . We have valued the company with its full  Financial  year 2020 earnings  ( PAT ) with a premium of ~60%  and X  2.30 of its FY21 earnings with a Premium of ~230%   and X1.83 of its FY22 earnings, at a premium of ~80%.

Margin of Safety (1Yr Bond Yield: Value>1 ) is now 1; any downslide makes it attractive. The Best Price at X1 EPV to Past Reference(5Yrs) is Rs. 149.20.

What’s Making it Attractive :  “ 28% consumers keen on buying home appliances, while other discretionary spending is on hold, says Nielsen survey”

Disclaimer : We are / may going to take exposure shortly.
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