Buy Crompton Greaves Consumer Electricals; target of Rs 350: Motilal Oswal

Motilal Oswal is bullish on Crompton Greaves Consumer Electricals recommended buy rating on the stock with a target price of Rs 350 in its research report dated December 17, 2025.

Broker Research

December 18, 2025 / 13:32 IST

Buy

Motilal Oswal's research report on Crompton Greaves Consumer Electricals

Crompton Greaves Consumer Electricals (CROMPTON) is a prominent player in India's consumer electricals sector, with a strong presence across fans, lighting, pumps, and household appliances. The company is a market leader in the fans segment with ~25% market share and in residential pumps with ~30% market share. CROMPTON is among the top three companies in the lighting segment and is also one of the top five companies in the consumer appliances segment.

Outlook

We initiate coverage on CROMPTON with a BUY rating and a TP of INR350. Our TP is premised on 35x Dec’27E EPS. We estimate an EBITDA/PAT CAGR of 17%/21% over FY26-28 after a decline of 12%/16% in FY26E primarily due to weather-related disruptions, which impacted the ECD segment’s performance. We expect OPM to be 10.3%/11.2% in FY27/FY28E vs. 9.7% in FY26.

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