X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2017 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
Crompton 1QFY02: Signs of comeback - Views on News from Equitymaster
 
 
  • PRINT
  • E-MAIL
  • FEEDBACK
  • A  A  A
  • Jul 25, 2001

    Crompton 1QFY02: Signs of comeback

    Crompton Greaves has declared a significant 71% growth in its 1QFY02 turnover. The growth has come after a very long lull. As a result, the company has managed to reduce its losses to Rs 57 m from Rs 675 m recorded in the first quarter last year.

    (Rs m) 1QFY01 1QFY02 Change
    Net Sales 2,038 3,480 70.8%
    Other Income 25 6 -76.0%
    Expenditure 2,363 3,236 36.9%
    Operating Profit (EBDIT) -325 244 -
    Operating Profit Margin (%) -15.9% 7.0%  
    Interest 244 190 -22.2%
    Depreciation 131 117 -10.8%
    Profit before Tax -675 -57 -
    Tax 0 0 -
    Profit after Tax/(Loss) -675 -57 -
    Net profit margin (%) -33.1% -1.6%  
    No. of Shares (eoy) (m) 52.4 52.4  
    Diluted Earnings per share* -51.6 -4.3  
    *(annualised)      

    Crompton Greaves Limited, is India`s largest private sector electrical equipment manufacturer. The company had a series of bad years. But post the first half of FY01, things have started looking up for this company. Crompton Greaves has come back in the black in terms of operational profits in 1QFY02.

    If this growth momentum continues in the upcoming quarters too, the company is most likely to report a posiitve bottomline in FY02. The results in the first quarter are better than our expectations.

    At Rs 20 the stock is trading near its 52 week lows. Its second quarter results will be interesting to look at, for they would indicate whether this 1QFY02 performance is a one off thing or a sign of things to come.

     

     

    Equitymaster requests your view! Post a comment on "Crompton 1QFY02: Signs of comeback ". Click here!

      
     

    More Views on News

    BHEL: Margins Dip into the Negative (Quarterly Results Update - Detailed)

    Aug 14, 2017

    The company also saw order inflows of Rs 18 billion during the quarter, which was a massive 41% YoY lower than the previous year's quarter.

    Cummins Ltd: Domestic Revenues the Saving Grace (Quarterly Results Update - Detailed)

    Aug 14, 2017

    The domestic economy continues to grow largely in areas which are positively impacted through continuing government investments in infrastructure.

    ABB: Large Orders Remain Muted (Quarterly Results Update - Detailed)

    Aug 2, 2017

    Decisions on government initiatives and private investments were stalled in anticipation of upcoming tax restructure.

    L&T: Amidst a Challenging Business Environment (Quarterly Results Update - Detailed)

    Aug 1, 2017

    Bank credit to industry remained muted and investment momentum was driven mostly by public sector spending.

    L&T: Private Sector Capex Remains in a Tizzy (Quarterly Results Update - Detailed)

    Jul 24, 2017

    Vast majority of private players remain more concerned with debt payback rather than starting new projects.

    More Views on News

    Most Popular

    This Small Cap Can Drive Chinese Players Out of India (and Make a Fortune in the Process)(The 5 Minute Wrapup)

    Aug 17, 2017

    A small-cap Indian company with high-return potential and blue-chip-like stability is set to supplant the Chinese players in this niche segment.

    Dear PM Modi, India is Already Land of Self-Employed, and It Ain't Working(Vivek Kaul's Diary)

    Aug 21, 2017

    Most Indians who cannot find jobs, look at becoming self-employed.

    It's the Best Time to Buy IT Stocks(Daily Profit Hunter)

    Aug 16, 2017

    The IT Sector could be in an uptrend till February 2019. Are you prepared to ride the trend?

    Think Twice Before You Keep Money In A Savings Bank Account(Outside View)

    Aug 22, 2017

    Post demonetisation, a cut in bank savings deposits rates was in the offing.

    5 Steps To Become Financially Independent(Outside View)

    Aug 16, 2017

    Ensure your financial Independence, and pledge to start the journey towards financial freedom today!

    More
    Copyright © Equitymaster Agora Research Private Limited. All rights reserved.
    Any act of copying, reproducing or distributing this newsletter whether wholly or in part, for any purpose without the permission of Equitymaster is strictly prohibited and shall be deemed to be copyright infringement.

    LEGAL DISCLAIMER: Equitymaster Agora Research Private Limited (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA or Canada, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.

    SEBI (Research Analysts) Regulations 2014, Registration No. INH000000537.

    Equitymaster Agora Research Private Limited. 103, Regent Chambers, Above Status Restaurant, Nariman Point, Mumbai - 400 021. India.
    Telephone: +91-22-61434055. Fax: +91-22-22028550. Email: info@equitymaster.com. Website: www.equitymaster.com. CIN:U74999MH2007PTC175407
     

    Become A Smarter Investor In
    Just 5 Minutes

    Multibagger Stocks Guide 2017
    Get our special report, Multibagger Stocks Guide (2017 Edition) Now!
    We will never sell or rent your email id.
    Please read our Terms

    CG POWER & INDUSTRIAL SOLUTIONS LTD SHARE PRICE


    Aug 24, 2017 02:44 PM

    TRACK CG POWER & INDUSTRIAL SOLUTIONS LTD

    • Track your investment in CG POWER & INDUSTRIAL SOLUTIONS LTD with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
    • Add To MyStocks

    MORE ON CG POWER & INDUSTRIAL SOLUTIONS LTD

    CG POWER & INDUSTRIAL SOLUTIONS LTD 5-YR ANALYSIS

    Detailed Financial Information With Charts

    COMPARE CG POWER & INDUSTRIAL SOLUTIONS LTD WITH

    MARKET STATS