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Crompton Greaves Consumer Electricals Limited (CROMPTON)

Small Cap

Consumer stocks · Small cap · NSE

Crompton Greaves Consumer Electricals Ltd. operates in consumer durables, including fans, pumps, lighting, and kitchen appliances. It aims for leadership in core categories and expansion into new growth areas like solar pumps, solar rooftops, and wires & cables, leveraging its brand legacy and distribution network.

₹208.45
-7.05 · -3.27%
Market cap ₹13,876 Cr
IndicesNifty 500
Data qualityFresh enough for analysisQuote updated 21 Oct, 04:45 am IST
Details
Quote21 Oct, 04:45 am IST
Base fundamentals18 Oct 2026 · screener
Official result overlay30 Sept 2026 · nse-xbrl
Latest result16 Oct, 02:27 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Consumer P/E 22.2 (n=441)
Technical timing lens

Trend score and candlestick chart

29Bearish

full bear SMA stack · SMA20 -8.6% / mo · MACD + · near 52W low · sector -3.7pp vs Nifty 500 (3M)

Stock trend: 24
Sector RS: 36
Sector 3M: -9.3% vs Nifty 500 -5.6%
Consumer FPI tailwindNot confirmed

Latest mapped FPI equity flow was not positive. View sector evidence

Technical chart

CROMPTOND candles · FIT view-16.7%
Latest close ₹208.45 on 2026-10-19
Bar
-5.1%
RSI
40
MACD hist
1.36
52W pos
7%
Visible chart range
Candle interval
2026-10-19O ₹219.75H ₹221.73L ₹207.89C ₹208.45Vol 80.5L sh
₹195.63₹225.72₹255.80₹285.88₹315.9752H52L₹208.452026-032026-062026-09VolRSIMACD2026-042026-062026-082026-092026-11
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context

Relative performance and chart statistics

Adjusted completed-session prices, rebased to 100

CROMPTONNifty Consumer DurablesNifty 500
-25%-15%-5%+6%20 Jul1 Sept19 Oct19 Oct 2026CROMPTON -20.5%Nifty Consumer Durabl… -9.7%Nifty 500 -5.6%
CROMPTON
-20.5%
Nifty 500
-5.6%
Nifty Consumer Durables
-9.7%
Vs Nifty 500
-14.9 pp
Chart stats
19 Oct 2026
From 52W high
-32.9%
₹310.5
52W range position
7%
₹201.1 - ₹310.5
ATR (14)
3.6%
₹7.5
Volume vs 20D
2.00x
Latest completed session
Avg traded value
₹92.8 Cr
20-session average
20D price channel
₹201.1 - ₹226.8
34.3% annualized volatility
Research snapshot

What the evidence says now

Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is mixed.

Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · OVERVALUED
31

Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.

Latest result
Good
70

Revenue +0.8% · PAT +46.7% YoY

Technical
Bearish
29

Price trend and sector-relative-strength timing.

Valuation
Legacy model
-685.1%

Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.

Trust
Limited evidence
76

Financial-only signal; management claim evidence is not sufficient yet.

Financials

Fundamentals, quarterly history, margins, returns and balance-sheet evidence

Latest result

Quarter ended 30 Sept 2026

Good · 70/100

Rev +1% YoY · PAT +47% YoY · margin expansion · operating leverage

Filed 16 Oct 2026
Open results browser →
MetricThis quarterYoYQoQ
Revenue₹1,932.3 Cr+0.8%-4.5%
EBITDA₹171.9 Cr+8.8%-17.4%
Operating margin8.9%+90 bps-139 bps
PAT₹110 Cr+46.7%-21.6%
PAT margin5.7%+178 bps-125 bps

NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.

Fundamentals

Valuation

P/E
28.50
P/B
4.59
EV/EBITDA
13.11
Market Cap
13876.00Cr

Profitability

ROE
10.60%
ROCE
18.10%
ROA
-2.72%
Dividend Y
1.36%

Growth (CAGR)

Revenue 5Y
11.00%
EPS 5Y
-11.00%
Revenue 3Y
6.00%
EPS 3Y
-10.00%

Balance Sheet

Debt/Equity
0.07
Interest Coverage
24.19×
Altman Z
5.60
Book Value
47.10

Cash Flow

FCF Yield
3.95%
FCF Positive Y
8/5
OCF
723.00 Cr
EPS TTM
-2.73

Shareholding

Promoter Hold
—
Promoter Pledge
0.00%
Momentum 52W
14%

Financial History

Updated 20/10/2026

Revenue

₹ Cr
Latest: 1,932-4.5% vs prev
02138Dec 2023: 1,693Mar 2024: 1,961Jun 2024: 2,138Sep 2024: 1,896Dec 2024: 1,769Mar 2025: 2,061Jun 2025: 1,998Sep 2025: 1,916Dec 2025: 1,659Mar 2026: 2,083Jun 2026: 2,022Sep 2026: 1,932Q3 23FY24Q1 24Q2 24Q3 24FY25Q1 25Q2 25Q3 25FY26Q1 26Q2 26

Net Profit

₹ Cr
Latest: 110-21.6% vs prev
-536.80172.0Dec 2023: 85.0Mar 2024: 133Jun 2024: 152Sep 2024: 128Dec 2024: 112Mar 2025: 172Jun 2025: 124Sep 2025: 75.0Dec 2025: 98.3Mar 2026: -537Jun 2026: 140Sep 2026: 110Q3 23FY24Q1 24Q2 24Q3 24FY25Q1 25Q2 25Q3 25FY26Q1 26Q2 26
ROE is shown only in the Annual view — quarterly equity data isn't published.

Technicals

Trend interpretation, Stage 2, relative strength, volume and indicator evidence

Daily technical trend read

Mixed signals

Signals are conflicting — long-term trend down. RSI 40. Wait for confirmation.

  • Price < SMA20 < SMA50 < SMA200 — full bearish stack.
  • SMA20 falling (~9.4% over last month) — short-term momentum negative.
  • RSI(14) at 40 — rising, no extreme reading.
  • MACD above signal, histogram expanding — bullish momentum building.
  • Within 5% of 52-week low — testing support.

Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.

Nifty 500 leadership

Relative Strength & Trend Stage

13
RS percentile
Stage 4 Downtrend
1M return
-8.2%
3M return
-20.5%
6M return
-20.2%
1Y return
-28.2%
RS 1D
-3
RS 20D
0
Sector rank
#8
Industry rank
#23
Stage evidence
  • Price is 17.3% below the 30-week proxy.
  • The 50-DMA is below the 30-week proxy and its slope is falling -2.0%.
  • Both 3-month and 6-month returns are negative.
50-DMA
price below
200-DMA
price below
Sector
neutral
Industry
improving
Relative-strength line vs Nifty 500 (base 100)
262 observations
19 Oct 2026Value 73.41-2.28%
70798897106Sept 25Feb 26Jun 26Oct 2673
RS vs Nifty 50073

Valuation & peers

U-Score 31 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies

31U-SCORE
OVERVALUED

Fundamental score breakdown

U band · OVERVALUED
Valuation0/30
Growth4/25
Quality6/20
Balance Sheet9/15
Cash Flow6/10
Piotroski
7/9 (+5)
Penalties
1
Raw sum
31

Why this score?

Top U-Score contributors and drags from the latest stored fundamentals.

31/100 · legacy band OVERVALUED

Positive drivers

  • FCF yield is supportive at 4.0%.
  • Piotroski is strong at 7/9.
  • Balance sheet contributes 9/15 to the score.

Main drags

  • Fair-value margin of safety is negative at -685.1%.
  • Valuation is weaker at 0/30; verify the latest quarterly trend.
  • Growth is weaker at 4/25; verify the latest quarterly trend.
Sector valuation model

Consumer valuation: PE/PEG and brand-quality premium

Consumer franchises can deserve higher multiples, but only when growth quality supports them.

Consumer PE/PEG
Primary lens
PE and PEG relative to growth, ROE, margins, and brand strength.
Secondary checks
Volume growth, pricing power, distribution, same-store or category growth.
Main risk check
Premium valuation needs durable growth and margin resilience.
PE
28.5
PB
4.6
EV/EBITDA
13.1
ROE
10.6%
ROCE
18.1%
FCF Yield
4.0%
Debt/Equity
0.1
MoS
-685.1%
Score movement

Stored run vs live recompute

This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.

Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
31
Previous: 31
Legacy U-Score band
OVERVALUED
Previous: OVERVALUED
Margin of safety
-685.1%
Previous: -685.1%

Score history

12 stored score snapshots. Latest stored move: +0 points.

21 Oct 2026
v4.3-runtime-valuation
32
32
32
32
32
31
31
30
31
31
31
31

Factor attribution

No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.

Modelled fair value

Graham Number
—
Growth-justified P/E
3.6
Growth-justified Value
—
-685.1% MoS
PEG
—

Comparable companies

Peers

Business-comparable peers in Consumer — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.

Compare all ↗
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
BAJAJELEC
Micro
Bajaj Electricals Limited
Consumer Durables
match 96
21
—
-0.7%
—
OVERVALUED
WHIRLPOOL
Small
Whirlpool of India Limited
Consumer Durables
match 91
21
39.0
7.7%
-572%
OVERVALUED
IFBIND
Micro
IFB Industries Limited
Consumer Durables
match 75
59
28.6
15.7%
+16%
FAIR VALUE
PGEL
Small
PG Electroplast Limited
Consumer Durables
match 61
30
70.8
6.7%
-112%
OVERVALUED
EVEREADY
Small
Eveready Industries India Limited
Consumer Durables
match 60
47
14.5
18.5%
-466%
FAIR VALUE

Business, management & trust

Growth engines, risks, management commitments and evidence-backed delivery

Business and thesis

Where growth can come from, and what can break the case

Thesis under stressReviewed 2026-06-04T22:38:16.784Z
Management commentary snapshot

Q4 FY26 consolidated revenue grew 10.8% YoY, driven by strong sequential recovery across segments. EBITDA margin stood at 11.9%, impacted by commodity costs. A significant Rs. 716 Cr impairment charge was recorded for the Butterfly business.

The significant impairment charge on the Butterfly business raises concerns about acquisition due diligence and integration effectiveness, putting the thesis under stress. While Q4 showed recovery, the 'Strategic Reset' for Butterfly needs to demonstrate sustained operational and financial improvement to justify the investment.

Growth engines

Wires & Cables

Successfully launched 'Crompton Armor' in Mar'26, with retail rollout in select cities, clocking revenues within ~60 days.

Solar Rooftops

Continued execution of existing projects, with phased city-wise retail rollout commencing Apr'26 across select cities.

BLDC Fans

Sequential improvement in fans performance, supported by strong BLDC growth with highest ever volumes in Mar'26.

Kitchen Appliances (Butterfly)

Strong revenue trajectory continues with 17% growth, led by cookers and gas stoves, and the 'Idea First Series'.

Capacity and execution

Wires & Cables Retail Rollout

Successfully launched residential wires 'Crompton Armor' in Tamil Nadu and Karnataka markets.

Solar Rooftops Retail Rollout

Phased city-wise retail rollout commencing Apr'26 across select cities for solar rooftops.

Tailwinds

Heatwaves

Ongoing heatwaves are expected to support future performance and lift cooling-appliance demand.

LPG Supply Constraints

LPG supply constraints boosted demand for the electric cooking category, including induction cooktops, kettles, and electric cookers.

Rural Recovery

Rural consumption momentum continues, led by affordability-driven demand and increased adoption of value-focused offerings.

Urban Demand

Private consumption-led demand, supported by urban strength, steady credit growth, and monetary easing, boosts discretionary spends.

Headwinds

Commodity Costs

Increased commodity costs and other expenses impacted EBITDA margin, requiring calibrated price hikes.

Geopolitical Risks

Global growth is subdued, and India's resilient growth faces downside risks from geopolitical tensions and commodity volatility.

Regulatory Challenges

BEE Ratings Upgrade and EPR Mechanisms compel brands to invest in engineering and product-lifecycle practices.

Risk radar

Butterfly Impairment

Undertook an impairment charge of Rs. 716 Cr in Q4 FY26 to reflect value in use of Butterfly business, indicating past execution and governance issues.

Input Cost Volatility

Material margins were impacted by persistent cost pressures, necessitating multiple price hikes to mitigate inflation.

Competitive Landscape

The evolving consumer durables industry, with new technologies and consumer preferences, requires continuous innovation and GTM excellence.

Management accountability

What management said, and what results must prove

Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.

Analyst reading lens
Compare BOTH

YoY comparison is crucial for understanding performance against the previous year, especially for a seasonal business like consumer durables where Q4 is typically strong. QoQ is vital to assess the 'strong sequential recovery' claimed by management and sequential momentum after a weak H1 FY26.

Sector KPIs management disclosed

Revenue Growth (Consolidated)

Consolidated revenue grew 10.8% YoY in Q4 FY26, with 20.3% QoQ growth.

ECD Revenue Growth

ECD revenue grew 9.5% YoY in Q4 FY26, registering double-digit growth across product categories led by pumps, SDA, and fans.

Lighting Revenue Growth

Lighting revenue grew 14.3% YoY in Q4 FY26, driven by strong double-digit volume growth in both B2C and B2B segments.

Butterfly Revenue Growth

Butterfly revenue grew 16.8% YoY in Q4 FY26, with cookers and gas stoves continuing to drive growth.

Management forward view

Crompton 2.0 Strategic Reset

Strategic reset to unlock long-term value through the Butterfly business, focusing on consumer need-led innovation, premiumization, supply chain, GTM excellence, and digital enablement.

GTM Transformation

Embarked on a GTM transformation journey to further strengthen distribution and accelerate the multi-category portfolio across all channels.

Product Portfolio Expansion

Launched 57 new projects across categories in Q4 FY26, including premium fans, agri pumps, water heaters, and kitchen appliances.

Thesis monitor

Numbers and claims to verify in the next filings

CheckpointCurrent evidenceWhat to verify next
Butterfly Business PerformanceRevenue grew 17% YoY, EBIT margin 6.0% in Q4 FY26, after Rs. 716 Cr impairment.Sustained revenue growth, margin expansion, and successful execution of the 'New Growth playbook' to justify the acquisition and strategic reset.
Wires & Cables RolloutSuccessfully launched 'Crompton Armor' in select cities (Tamil Nadu, Karnataka).Expansion into new geographies, revenue contribution, and market acceptance to leverage brand equity and distribution network.
Material Margin TrendConsolidated Material Margin 31.6% in Q4 FY26, down from 34.0% YoY.Improvement in material margins through cost reduction initiatives and effective pricing actions to offset commodity volatility.
BLDC Fan GrowthStrong BLDC growth with highest ever volumes in Mar'26, driving premiumization.Continued market share gains and premiumization driven by BLDC adoption to maintain leadership in the fans category.

Verification checkpoints are IndiaPulse research interpretation, not investment advice.

Trust Score
76Limited evidence · low confidenceTrust Lite

Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.

Limited evidence: Claim history is still being built. It ranks around the 81st percentile of the scored universe and 84th percentile within Consumer. No major sub-score weakness stands out.

This is a financial-behaviour screen, not a claim-tested management reliability verdict.

Computed 21 Oct 2026
management-trust-v1
203 docs text-extracted · 84 concalls text-extracted
Score band
Limited evidence

Financial behaviour is scored, but management claims do not yet have enough outcome checks.

Relative rank
81st percentile

overall median 67 · Consumer: 84th pctile, median 66 · Small: 83rd pctile, median 66

Evidence depth
Financial-only

203 documents have extracted text, but claim history is not strong enough yet.

Claim delivery
Outcome history still building

0 claims extracted · No contradicted claim yet

How to read this Trust Score

Limited evidence · low confidence
What it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Can support position sizing if valuation and trend also agree.

Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.

Forensic breakdown

Read low sub-scores as due-diligence warnings, not automatic sell signals.

Promoter
78
strong · holding, pledge, alignment
Cash flow
77
strong · profit to cash conversion
Balance sheet
96
strong · leverage and solvency
Discipline
60
acceptable · capital discipline
Results
68
acceptable · quarterly consistency

Trust positives

  • ▸Promoter pledge is zero.
  • ▸FCF yield is positive at 4%.
  • ▸8 years of positive FCF.
  • ▸Debt/equity is 0.07.

Trust risks

  • ▸1 of the latest 4 quarters had PAT decline worse than 25% YoY.

Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.

Important announcements & filings

Latest exchange and company disclosures found within the past two years.

10 shown
Announcement

Announcement under Regulation 30 (LODR)-Press Release / Media Release 24 Sep - Crompton launches Galaxy Festive Lights range across India with prices from ₹799 to ₹2,499.

Source: Bse

Open source ↗
Announcement

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 23 Sep - Crompton Greaves to hold Singapore NDR one-to-one investor meetings on September 28-29, 2026.

Source: Bse

Open source ↗
Announcement

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 23 Sep

Source: Bse

Open source ↗
Announcement

Announcement under Regulation 30 (LODR)-Press Release / Media Release 12 Sep - Crompton launched WallSmile Outdoor Deco Wall Light Range with four models, priced at Rs 1,000-Rs 2,000.

Source: Bse

Open source ↗
Announcement

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 11 Sep

Source: Bse

Open source ↗
Announcement

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 10 Sep

Source: Bse

Open source ↗
Announcement

Announcement under Regulation 30 (LODR)-Newspaper Publication 19 Aug

Source: Bse

Open source ↗
Announcement

Announcement under Regulation 30 (LODR)-Press Release / Media Release 19 Aug - Crompton unveils Cephyr master brand, launches Rhion super-premium platform and Water Biofier.

Source: Bse

Open source ↗
Verify on:NSE India ↗
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.