• Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney master your money
Moneycontrol

Home » News » Recommendations

Feb 16, 2017, 12.20 PM | Source: Moneycontrol.com

Hold Crompton Greaves; target of Rs 72: Edelweiss

Edelweiss recommended hold rating on Crompton Greaves with a target price of Rs 72 in its research report dated February 14, 2017.

Like this story, share it with millions of investors on M3

Hold Crompton Greaves; target of Rs 72: Edelweiss

Edelweiss recommended hold rating on Crompton Greaves with a target price of Rs 72 in its research report dated February 14, 2017.

Post Your Comments

Share Cancel

| 4 Comments

(more)

, Edelweiss |


Edelweiss' research report on Crompton Greaves

CG posted a much better P/L in standalone operations with strong 39% YoY growth in EBIDTA for Q3FY17. However, higher interest cost (up 5x YoY & 32% QoQ) led to flattish PAT. The company sustained strong traction in order intake. In Q3FY17, new orders growth at 19% YoY to INR 12.2bn was led by strong growth in industrial orders (up 36% YoY), which was driven by robust ordering in railway segment in past 2-3 quarters.

Outlook

Given current scenario in T&D equipment industry globally with >50% overcapacity, we believe it will not be easy for management to exit global T&D plants. However, early exit would pose upside risk to our call. Maintain ‘HOLD/SP’ At CMP, the stock trades at 27/20x its FY18E/FY19E EPS.

For all recommendations, click here

Disclaimer:
The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

To read the full report click here

Buy, Hold, Sell ? Hear it first on M3
Hold Crompton Greaves; target of Rs 72: Edelweiss

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login