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Buy Crompton Greaves
Posted by :
dr.sandip
Great guess. Well lets see how it works out. I am a bit skeptical abt it.
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BSE Announcements on Crompton Greave
Posted by :
MMB Messenger
Crompton Greaves Ltd has informed BSE that the Company has acquired 81,60,000 Equity Shares comprising 51% Share Capital of Brook Crompton Greaves Ltd, at a price of US Dollars 13,40,000/-.
Brook Crompton Greaves Ltd is involved in manufacturing of Low Tension high efficiency motors for various industrial applications. ...
NSE Announcements on Crompton Greave
Posted by : MMB MessengerCrompton Greaves Ltd has informed the Exchange that the Company has acquired 81,60,000 Equity Shares comprising 51% Share Capital of Brook Crompton Greaves Limited, at a price of US Dollars 13,40,000/-. Brook Crompton Greaves Ltd is involved in manufacturing of Low Tension high efficiency motors for various industrial applications....
Buy Crompton Greaves
Posted by :
insight95in
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Buy Crompton Greaves
Posted by : aflatoon150
This is my strong guess. I have invested and followed CG and Areva from the past 5 years.All the pointers add up to this move. Cg has -[1]T&D focus going forward but not current biz size[2]WAr Chest for accqusitions [3] AReva has put the T&D biz globally onblock [4] CG has proven expertise to buy Global Co`s [Ganz Pauwells etc]and make it value accretive.
I think for sure if they get Areva at a correct price they will go fr it....
Buy Crompton Greaves
Posted by : dr.sandipU didn`t mention the source of this article....
Crompton to Bid for Areva
Posted by : aflatoon150With the Co`s focus to ramp up the T&D biz and with a war chest ready, CG could bid for the Areva T&D biz which is up for sale globally. Read Trehans article in Buss India carefully,. A great Co to invest and hold. It would be at par or larger than ABB and Seimens ...
Buy Crompton Greaves
Posted by : aflatoon150
Crompton to bid for Areva
With Trehans focus on T&D biz , Cromptons with its war chest would bid for the Areva T&D biz which is up for sale world over. This would keep CG on level or ahead of Siemens and ABB...
Buy Crompton Greaves
Posted by : bhotlu
Thank you for indepth analysis of the stock and its performance. we appreciate the efforts that you have putin in posting it on the board. we expect more such messages from you, sir.
bhotlu ...
Buy Crompton Greaves
Posted by : insight95in
Buy Crompton Greaves
Price: Rs 303 Target Price (Mar 10): Rs 350
Lower sales in 1H to be compensated in 2H
* Bhopal UHV Test lab damage affected power transformer sales:
CGL’s Bhopal Ultra High Voltage (UHV) test facilities’ civil structures were damaged due to cyclone, affecting transformer testing and hence, (Rs260 mn) deliveries in June’09. While it is likely to impact delivery in 1H (despite alternate arrangements worked-out), management expects the civil structures to be resurrected within 3-4 months, and hence, high growth in 2H FY10 to compensate for delivery losses in 1H.
* Healthy OB at Rs61.5 bn; but guidance lowered: At the end of 1Q FY10, CGL had an OB of Rs61.4 bn (+2% YoY) as international business order inflow picked up slightly. Standalone OB rose 13% YoY to Rs27.4 bn. But the management lowered standalone guidance to 12-14% (from 15%) as industrial orders are taking time to pick-up. It lowered guidance for international business also to 4-5% (10% earlier) as delivery schedules for its slip transformers framework contract (Eur200 mn over 3 years) was lower in 1Q as bankers delayed disbursals to wind-farm developers (Pauwell’s clients).
* PAT +29%; segmental margins expand– CGL reported 1Q FY10 PAT of Rs1.1 bn (+29% YoY) versus JMFe of Rs970 mn despite 15.5% decline in industrial systems revenues, lowering overall revenue growth (+8.4% YoY) vs. JMFe of +16.2%. EBITDA (Rs1.7 bn, OPM +210 bps) grew 26% YoY primarily because of 270bps savings in RM/sales. Segmental margins expanded with Power systems at 15.9% (+340bps YoY) while industrial systems’ margin grew 266 bps to 20%. Consumer segment (sales +9.5%) margins increased +290bps to 14.1%, due to seasonality.
Consolidated PAT was up 31% YoY to Rs1.6 bn on margin expansion of 100 bps to 11.1% and lower interest costs (-67% YoY). Sales (Rs22 bn) grew 8% YoY. Margin expansion was driven by dip in RM/sales of 300bps.
* Maintain Buy with revised TP of Rs 350: We increase FY10E & FY11E consolidated PAT estimate by 9.8% and 8.6%, despite downward revision in sales estimate (4% and 2.5% for FY10E & FY11E respectively) on degrowth in industrial and lower growth in power systems. But we raise margins across segments as company surpassed estimates on all fronts. We will not be too concerned with lower guidance as the management is generally conservative and betters its guidance. Marginal up-tick in international OB and better (19.3%) earnings CAGR led us to increase exit multiple to 16x (15x) to arrive at new TP of Rs350 for Mar-10. Buy.
Standalone sales lower, profits soar
CGL reported 1Q FY10 profits of Rs1.1 bn (+29% YoY), higher than street estimate of 24% YoY growth, despite just 8% YoY growth in 1Q FY10 revenue to Rs11.7 bn (+17.1% YoY). EBITDA was +26% YoY at Rs1.7 bn primarily because of 270bps savings in RM/sales. Margins stood at 14.8% (+210bps YoY) even as other expenditure rose 50 bps. CGL also expanded individual segmental margins with Power systems leading the way at 15.9% (+340bps YoY) while industrial systems’ margin grew 270bps to 20% (despite revenue de-growth of 15.5%). Consumer segment posted 9.5% sales growth and 290 bps increase in margins to 14.1%....
Crompton Greaves net profit rises 29.04% in the June 2009 quarter
Posted by :
muralikumar
Crompton Greaves net profit rises 29.04% in the June 2009 quarter
Sales rise 8.37% to Rs 1173.46 crore
Net profit of Crompton Greaves rose 29.04% to Rs 114.72 crore in the quarter ended June 2009 as against Rs 88.90 crore during the previous quarter ended June 2008. Sales rose 8.37% to Rs 1173.46 crore in the quarter ended June 2009 as against Rs 1082.86 crore during the previous quarter ended June 2008. ...
NSE Announcements on Crompton Greave
Posted by : MMB MessengerCrompton Greaves Ltd has informed the Exchange regarding the standalone Results for the quarter ended on 30-JUN-2009 as follows: Net Sales of Rs. 117346 lacs for quarter ending on 30-JUN-2009 against Rs. 108286 lacs for the quarter ending on 30-JUN-2008. Net Profit / (Loss) of Rs. 11472 lacs for the quarter ending on 30-JUN-2009 against Rs. 8890 lacs for the quarter ending on 30-JUN-2008....
BSE Announcements on Crompton Greave
Posted by : MMB Messenger
Crompton Greaves Ltd has announced the following Unaudited results for the quarter ended June 30, 2009:
The Company has posted a net profit after tax of Rs 1147.20 million for the quarter ended June 30, 2009 as compared to Rs 889.00 million for the quarter ended June 30, 2008. Total Income has increased from Rs 10902.60 million for the quarter ended June 30, 2008 to Rs 11819.00 million for the quarter ended June 30, 2009.
The Consolidated Results are as follows
The Group has posted a net profit after tax, minority interest & share profit / (loss) in associate companies of Rs 1603.50 million for the quarter ended June 30, 2009 as compared to Rs 1226.10 million for the quarter ended June 30, 2008. Total Income has increased from Rs 20511.10 million for the quarter ended June 30, 2008 to Rs 22214.20 million for the quarter ended June 30, 2009....
NSE Announcements on Crompton Greave
Posted by : MMB MessengerCrompton Greaves Ltd has informed the Exchange regarding the consolidated Results for the quarter ended on 30-JUN-2009 as follows: Net Sales of Rs. 219752 lacs for quarter ending on 30-JUN-2009 against Rs. 203475 lacs for the quarter ending on 30-JUN-2008. Net Profit / (Loss) of Rs. 16035 lacs for the quarter ending on 30-JUN-2009 against Rs. 12261 lacs for the quarter ending on 30-JUN-2008....
Technical Alerts
Posted by : BAZEEGAR
Name..................:Crompton Greaves Ltd
Event.................: Head and Shoulders Top
Close at Event........:272.80
Target Price Range....:221-209
Opportunity Type......:Intermediate Term Bearish ..
Pattern Duration: 38 Days
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Note : although utmost care has been taken in preparing the above alert, recommandation may not be suitable for all investors. Investors must make their own investment decisions using their independent advisors....
