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BSE: 500093 | NSE: CGPOWER | Electric Equipment | Mid Cap
1. Is CG Power and Industrial Solutions Ltd a good quality company?
Past 10 year's financial track record analysis by Moneyworks4me indicates that CG Power and Industrial Solutions Ltd is a average quality company.
2. Is CG Power and Industrial Solutions Ltd undervalued or overvalued?
The key valuation ratios of CG Power and Industrial Solutions Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
3. Is CG Power and Industrial Solutions Ltd a good buy now?
The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of CG Power and Industrial Solutions Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation ⓘValue Creation Index Colour Code Guide ⓘ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |||
| ROCE % ⓘ | 4.6% | 5.9% | -0.3% | 4.3% | -7.1% | -1.8% | -35.6% | 26.7% | 41.4% | 51.8% | - | ||
| Value Creation Index ⓘ | -0.7 | -0.6 | -1.0 | -0.7 | -1.5 | -1.1 | NA | 1.0 | 2.7 | 3.6 | - | ||
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ |
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| Sales ⓘ | 13,632 | 5,505 | 5,269 | 5,517 | 8,031 | 7,998 | 5,110 | 2,964 | 5,484 | 6,973 | 7,554 | ||
| YoY Gr. Rt. % | - | -59.6% | -4.3% | 4.7% | 45.6% | -0.4% | -36.1% | -42% | 85% | 27.2% | - | ||
| Adj EPS ⓘ | 2.7 | 4.7 | -1.2 | 2 | -11.3 | -6.5 | -21.8 | 1.1 | 3.5 | 5.2 | 7.2 | ||
| YoY Gr. Rt. % | - | 69.7% | -125.4% | NA | -669.9% | NA | NA | NA | 220.9% | 47.6% | - | ||
| BVPS (₹) ⓘ | 57.7 | 68.6 | 73.2 | 65.5 | 46 | 34 | -31.5 | -0.9 | 6.8 | 11.7 | 14.6 | ||
| Adj Net Profit ⓘ | 172 | 291 | -73.9 | 125 | -711 | -405 | -1,368 | 147 | 509 | 796 | 1,100 | ||
| Cash Flow from Ops. ⓘ | 320 | -672 | -60.8 | -540 | 380 | 811 | 692 | -242 | 483 | 947 | - | ||
| Debt/CF from Ops. ⓘ | 7.5 | -3.1 | -25.2 | -2.8 | 8 | 4 | 4 | -6.1 | 0.7 | 0 | - | ||
CAGR ⓘCAGR Colour Code Guide ⓘ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 9 Years | 5 Years | 3 Years | 1 Years | |||||||||
| Sales ⓘ | -7.2% | -2.8% | 10.9% | 27.2% | ||||||||
| Adj EPS ⓘ | 7.4% | NA | NA | 47.6% | ||||||||
| BVPSⓘ | -16.3% | -24% | NA | 71.4% | ||||||||
| Share Price | 13.2% | 62.3% | 118.9% | 54.2% | ||||||||
Key Financial Parameters ⓘPerformance Ratio Colour Code Guide ⓘ |
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | ||
| Return on Equity % ⓘ | 4.8 | 7.3 | -1.7 | 2.9 | -20.4 | -16.2 | -1722.1 | -14.3 | 110.9 | 57 | 54.8 | |
| Op. Profit Mgn % ⓘ | 4.5 | 9.3 | 8.2 | 8 | 1.5 | 5.1 | 2.2 | 3.9 | 11.8 | 14.4 | 14.9 | |
| Net Profit Mgn % ⓘ | 1.4 | 5.3 | -1.4 | 2.3 | -8.8 | -5.1 | -26.9 | 4.4 | 9.3 | 11.4 | 14.6 | |
| Debt to Equity ⓘ | 0.7 | 0.5 | 0.3 | 0.4 | 1.1 | 1.5 | -1.4 | -12 | 0.4 | 0 | 0 | |
| Working Cap Days ⓘ | 149 | 372 | 303 | 242 | 266 | 342 | 325 | 206 | 120 | 110 | 162 | |
| Cash Conv. Cycle ⓘ | 62 | 150 | 109 | 76 | 69 | 52 | 12 | -34 | 7 | 26 | 67 | |
Return on Equity has increased versus last 3 years average to 54.80%
Sales growth is growing at healthy rate in last 3 years 10.92%
Sales growth is good in last 4 quarters at 19.06%
Net Profit has been subdued in last 3 years 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 6.8 | 7.2 |
| TTM Sales (₹ Cr.) | 7,099 | 7,554 |
| BVPS (₹.) ⓘ | 19.5 | 14.6 |
| Reserves (₹ Cr.) ⓘ | 2,678 | 1,923 |
| P/BV ⓘ | 22.09 | 29.58 |
| PE ⓘ | 63.97 | 59.92 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 245.55 / 501.75 |
| All Time Low / High (₹) | 1.35 / 501.75 |
| Market Cap (₹ Cr.) | 65,903 |
| Equity (₹ Cr.) | 305.5 |
| Face Value (₹) | 2 |
| Industry PE ⓘ | 62.7 |
| Pledged * | 95.80 | 95.80 | 95.80 | 97.06 | 87.74 | 87.74 | 87.74 | 0.00 | 0.00 | 0.00 |
Crompton Greaves was established in 1937; is a flagship company of the $3 bn Avantha Group. It was earlier known as Crompton Parkinson Works.
CGL is engaged in designing, manufacturing and marketing electrical products and services related to power generation, transmission and distribution. The company ventures into three business groups such as power systems, industrial systems, and consumer products.
Crompton Greaves exports it wide range of products to over 60 countries across globe. In transformer business the company is a market leader and commands a market share of 18%.
In India the company has 22 manufacturing divisions spread across in Gujarat, Maharashtra, Goa, Madhya Pradesh and Karnataka along with this it has marketing and service network of 14 branches across various states. It has four regional sales offices located in Delhi, Kolkata, Mumbai and Chennai.
It has a large customer base, which includes State Electricity Boards, Government bodies and large companies in private and public sectors.
Crompton Greaves concluded an agreement with Nelco on April 2010, to acquire its traction electronics, SCADA and industrial drives businesses, on a slump sale basis. The value of the acquisition was about Rs 92 crore and this acquisition enabled the company to become a stronger and more comprehensive player in the railways business segment and build capabilities in drives by better leveraging on its existing product portfolio.
In June 2010 it has set up a new transformer manufacturing facility in Washington, Missouri, U.S.A. with an initial investment of $20 million through its subsidiary CG Power Systems USA.
It received Scheme of Amalgamation with Brook Crompton Greaves (BGCL), a wholly owned subsidiary of the company on July 2010
In August 2010 Crompton Greaves, through its subsidiary CG Holdings Belgium NV, has entered into one more definitive Memorandum of Undertaking with the EIC Group, headquartered in Saudi Arabia, for establishing a second Joint Venture (JV) Company in order for consolidating its business presence in the EPC segment in Middle East countries.
In September 2010 Crompton Greaves has entered into a Joint Venture (JV) pact with Spain headquartered -- ZIV Aplicaciones y Tecnologia, S.L (ZIV) -- to establish a JV Company in India, for the manufacture of Substation Automation Systems for Substations in EHV and UHV range, including protective relays, differential relays, bay control units, bus-bar systems, substation units, etc.
In November 2010 Crompton Greaves power products firm, part of the $4 billion Avantha Group, has won the CII-EXIM Bank 2010 awards for business excellence. The awards were distributed on the inaugural day of the three day National Quality Summit 2010, organized by Confederation of Indian Industry CII.The awards are given to companies in manufacturing and services sector in recognition of highest quality measured across various parameters by the CII and Export Import (EXIM) Bank.
In January 2011, directors approved a Scheme of Amalgamation of CG Capital & Investments Limited (a wholly owned subsidiary) with Crompton Greaves Limited. The amalgamation will be effective from April 01, 2010 (Appointed Date), subject to receipt of all Regulatory approvals.
Products
Power Systems- Under this it manufactures transformers, switchgears and power quality products like harmonic filters, power quality monitors, transient suppressors, current limiting reactors and reactive power compensation systems. It also offers power quality services such as audits, system design, consulting etc. It also undertakes engineering projects providing total solution for power transmission and distribution.
Industrial systems- Under this segment it manufactures and markets wide range of electric motors such as Fractional Horse Power Motors, LT Motors, HT Motors, DC Machines, Stampings, Traction Motors and Alternators, Electrical Control Panels for diesel electric locomotives and Railway Signaling Products.
Consumer Products- It manufactures consumer products such as fans, lamps, pumps and a range of electrical appliances such irons, mixers, etc.
It also manufactures telecom solutions such as switching, transmission and access products for telecommunications network and information technology services.
Milestones
It was first company to introduce an under light ceiling fan in the year 1989.
It was first to introduce 12 inch wall fan in high speed.
The company’s research and development and quality division has been certified to ISO 27001:2005 by UL India.
Its industrial transformer division located at Malanpur is amongst the few units in India, to have been accredited both ISO 14001 and OHSAS 18001, certification for occupational health and safety management system.
2010
- Crompton Greaves Ltd has entered into a Joint Venture Agreement with ZIV Aplicaciones y Tecnologia, S.L (ZIV)., headquartered in Spain, for establishing a Joint Venture Company in India, for the manufacture of Substation Automation Systems for Substations in EHV and UHV range, including protective relays, differential relays, bay control units, bus-bar systems, substation units, etc
2011
- Company has been awarded a contract as franchisee of Maharashtra State Electricity Distribution Company Ltd. for power distribution in Jalgaon Circle in Maharashtra for a period of 10 Years.
- CG acquires New Jersey based QEI Inc.
- Crompton Greaves Ltd acquires Sweden based Emotron Group.
2012
- Crompton Greaves Acquires leader in smart Grid Automation : ZIV Group.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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