Healthy Growth Prospect Continue

One of India’s market leaders in fans and number 1 player in the residential segment, Crompton Greaves Consumer Electricals (CGCEL), has significantly established themselves in a consumer electronics space. A company, which was earlier a part of consumer business of transmission and distribution-led Crompton Greaves (CGL), demerged itself since October 1, 2015. CGCEL got listed on the bourses on  May 13, 2016, thereby creating its independent identity.  With its pan-India presence, it manufactures a wide range of consumer electrical products ranging from fans, lamps and luminaries to pumps and household appliances including water heaters, mixers, grinders and toasters. Currently, the company exports to more than 20 countries, with major focus on Indian sub-continent, Middle East and Africa. CGCEL’s topline and net profit has seen a compounded annual growth rate...