🔍

CROMPTON - Crompton Gr. Con

📊 NSE: CROMPTON 🏢 Electric Equipment 📅 Last Updated: 12/13/2025 21:15

📢 Recent Corporate Announcements

Crompton Greaves CS & Compliance Officer Rashmi Khandelwal Resigns Effective April 23, 2026

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 22 Apr 2026, 07:22 PM

Crompton Greaves Consumer Electricals Limited has announced the resignation of Ms. Rashmi Khandelwal from her role as Company Secretary and Compliance Officer. As a Key Managerial Personnel (KMP), her departure is a notable administrative change, though she is leaving to pursue other career opportunities outside the organization. The company has stated there are no material reasons behind the resignation and has initiated the search for a replacement. This transition is expected to be handled according to standard regulatory procedures with her final day being April 23, 2026.

Ms. Rashmi Khandelwal to step down as Company Secretary & Compliance Officer on April 23, 2026.
The resignation is categorized as a change in Senior Management Personnel under SEBI Regulation 30.
The company confirmed there are no material reasons for the resignation other than career growth.
Crompton is currently in the process of identifying a suitable candidate for the vacant KMP position.

💡 This is a routine administrative change and does not impact the company's business fundamentals. Investors should monitor the announcement of a successor to ensure continued excellence in corporate governance.

Crompton Bags ₹71.75 Cr Solar Water Pump Order from MSEDCL under PM-KUSUM Scheme

🟢 POSITIVE ⭐ 7/10

EXPANSION 📅 17 Apr 2026, 12:37 PM

Crompton Greaves Consumer Electricals has secured a contract worth approximately ₹71.75 Crores from Maharashtra State Electricity Distribution Company Limited (MSEDCL). The order involves the design, supply, and installation of 3,540 Off-grid DC Solar Photovoltaic Water Pumping Systems across Maharashtra. This project is part of the PM-KUSUM-B scheme, indicating the company's successful expansion into the renewable energy and agricultural infrastructure segments. The contract requires rapid execution within 60 days from the issuance of the Notice to Proceed.

Total order value of ₹71.75 Crores excluding GST for solar water pumping systems
Contract involves 3,540 units of Off-grid DC Solar Photovoltaic Water Pumping Systems
Awarded by Maharashtra State Electricity Distribution Company Limited (MSEDCL) under PM-KUSUM-B scheme
Execution timeline is set for 60 days from the date of Notice to Proceed (NTP)
Scope includes design, manufacture, supply, installation, testing, commissioning, and maintenance

💡 Investors should monitor the company's ability to execute this high-turnover project within the 60-day window, as it demonstrates Crompton's growing capability in the green energy sector. This diversification beyond traditional consumer durables provides a healthy boost to the order book.

Crompton Greaves Submits Quarterly SEBI Compliance Certificate for Q4 FY26

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 10 Apr 2026, 04:17 PM

Crompton Greaves Consumer Electricals Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The document, issued by KFin Technologies Limited, confirms that all dematerialization and rematerialization requests for the quarter ended March 31, 2026, have been processed and reported to the exchanges. This is a standard administrative filing required for all listed companies to ensure the integrity of shareholding records. It contains no material financial or operational updates.

Compliance certificate submitted for the quarter ended March 31, 2026.
Issued by Registrar and Share Transfer Agent (RTA), KFin Technologies Limited.
Confirms adherence to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018.
Verification of dematerialized and rematerialized securities completed for the period.

💡 No action is required as this is a routine regulatory filing. Investors should continue to monitor the company's upcoming financial results for material performance indicators.

Crompton Greaves Faces ₹6.54 Lakh Loss Following Acquittal in Cheque Bounce Case

🟡 NEUTRAL ⭐ 2/10

LEGAL 📅 10 Apr 2026, 02:43 PM

Crompton Greaves Consumer Electricals Limited (CGCEL) has informed the exchanges that the XXXV Metropolitan Magistrate Court in Chennai acquitted Variety Agency and its partners in a Section 138 Negotiable Instruments Act case. The legal proceeding was initiated by CGCEL regarding a bounced cheque worth ₹6,54,276 dated January 29, 2025. While the court's decision results in a direct financial loss of the cheque amount, the company has clarified that this will not have a material impact on its overall financial or operational health. This is a routine recovery-related legal matter.

Court acquitted the accused in a Section 138 NI Act case involving Variety Agency.
The disputed amount involved a single cheque for ₹6,54,276 dated January 29, 2025.
Order was passed on April 8, 2026, and received by the company on April 9, 2026.
Management confirms no material impact on the company's broader financials or operations.

💡 No action is required as the financial impact is negligible relative to the company's size. Investors should continue to focus on the company's core business performance and quarterly earnings.

Crompton Greaves Faces ₹65.23 Lakh Income Tax Demand for AY 2020-21

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 01 Apr 2026, 03:50 PM

Crompton Greaves Consumer Electricals Limited has received an order from the Commissioner of Income Tax (Appeals) raising a demand of ₹65.23 Lakh. The demand stems from the disallowance of provisions made for warranty and after-sales services for the Assessment Year 2020-21. The company has stated that it plans to appeal this order before higher authorities and expects a favorable outcome. Management has clarified that this development has no material impact on the company's financial or operational activities.

Tax demand of INR 65,23,167 (₹65.23 Lakh) raised by CIT (Appeals), Delhi.
Dispute relates to the disallowance of warranty and after-sales service provisions for AY 2020-21.
Order was received by the company on March 31, 2026.
Company intends to file an appeal against the order based on legal advice and merits.

💡 No action is required as the tax demand is immaterial relative to the company's size and financial performance.

Crompton Greaves Receives ₹65.23 Lakh Income Tax Demand for AY 2020-21

🟡 NEUTRAL ⭐ 3/10

LEGAL 📅 01 Apr 2026, 03:47 PM

Crompton Greaves Consumer Electricals has received an order from the Commissioner of Income Tax (Appeals) raising a demand of ₹65.23 lakh for Assessment Year 2020-21. The demand is primarily due to the disallowance of provisions made for warranty and after-sales services. The company has stated that it plans to file an appeal against this order and expects a favorable outcome based on legal advice. Management has confirmed that there is no material impact on the company's financial or operational activities.

Tax demand of INR 65,23,167/- raised by the Commissioner of Income Tax (Appeals).
Dispute pertains to Assessment Year 2020-21 regarding disallowance of warranty provisions.
Order received on March 31, 2026, from the National Faceless Appeals Centre, Delhi.
Company intends to file a further appeal and expects a favorable resolution.
Management confirms no material impact on financials or operations.

💡 The tax demand is negligible relative to the company's scale; no immediate action is required. Investors should view this as a routine legal dispute in the ordinary course of business.

Crompton Greaves Receives ₹22.46 Crore GST Demand Following Partial Appeal Confirmation

🔵 WATCH ⭐ 4/10

LEGAL 📅 31 Mar 2026, 03:46 PM

Crompton Greaves Consumer Electricals has received an order from the Joint Commissioner of State Tax (Appeal–VI), Mumbai, regarding a tax dispute from FY 2018-19. The order partially confirms a demand of ₹22.46 crore, which includes tax, interest, and penalties. The dispute primarily concerns the disallowance of Input Tax Credit and GST on Credit notes. The company plans to file a further appeal and maintains that there is no material impact on its current financial or operational activities.

Total demand confirmed amounts to INR 22,45,82,868 (approximately ₹22.46 crore).
Breakdown includes Tax of ₹10.27 Cr, Interest of ₹11.15 Cr, and a Penalty of ₹1.04 Cr.
The order pertains to the financial year 2018-19 regarding Input Tax Credit disallowances.
Company intends to appeal the order under Section 112 of the SGST Act, 2017.
Management states there is no material impact on the company's financials or operations.

💡 Investors should treat this as a routine tax litigation matter; the amount is not significant enough to impact the company's valuation or dividend capacity.

Crompton Greaves Receives Income Tax Demand of ₹10.23 Crore for AY 2021-22

🟡 NEUTRAL ⭐ 4/10

LEGAL 📅 31 Mar 2026, 03:41 PM

Crompton Greaves Consumer Electricals has received an order from the Commissioner of Income Tax (Appeals) raising a demand of ₹10.23 crore for Assessment Year 2021-22. The demand arises from the disallowance of warranty provisions, depreciation on intangible assets, and ESOP expenses. The company has stated that it plans to file an appeal against this order and expects a favorable outcome. Management currently maintains that there is no material impact on the company's financials or operations.

Total tax demand of ₹10,22,94,841 (approx. ₹10.23 crore) raised for AY 2021-22.
Demand consists of ₹9,77,56,823 in tax and ₹45,38,018 in interest.
Disallowances relate to provision for warranty, depreciation on intangible assets, and ESOP expenses.
Company intends to contest the order before higher appellate authorities.
Management expects a favorable resolution and reports no immediate material financial impact.

💡 Investors should note this as a routine tax litigation matter; the amount is relatively small compared to the company's scale and does not warrant immediate concern.

Crompton Launches New Energion EA4150 AC Stabilizer for Domestic B2C Market

🟡 NEUTRAL ⭐ 3/10

EXPANSION 📅 27 Mar 2026, 08:26 PM

Crompton Greaves Consumer Electricals Limited has announced the launch of the Energion EA4150 AC Stabilizer on March 27, 2026. The product is designed for the domestic B2C market with an operating voltage range of 150-280V. Although the company stated that this launch does not meet the materiality threshold for mandatory disclosure, it was reported as a measure of good corporate governance. This addition reflects the company's ongoing efforts to diversify its consumer electricals and lighting portfolio.

Launch of Energion EA4150 AC Stabilizer with a 150-280V range on March 27, 2026.
The product targets the domestic B2C segment under the lighting and electricals category.
Management confirmed the launch does not trigger the materiality threshold under SEBI LODR regulations.
Disclosure made voluntarily to maintain high standards of corporate governance.

💡 This is a routine product launch and does not require any immediate investment action. Investors should track the cumulative impact of such product expansions on the company's market share in the consumer electricals segment.

Crompton Greaves Receives ₹42.61 Crore Income Tax Demand for AY 2024-25

🟡 NEUTRAL ⭐ 4/10

LEGAL 📅 27 Mar 2026, 08:09 PM

Crompton Greaves Consumer Electricals has received a notice of demand from the Income Tax Department totaling ₹42.61 crore for the Assessment Year 2024-25. The demand includes a tax component of ₹34.53 crore and interest of ₹8.08 crore, primarily due to disallowances related to ESOP expenses, warranty provisions, and depreciation on intangible assets. The company intends to contest this demand by filing an appeal before the National Faceless Appeal Centre (NFAC). Management currently anticipates a favorable outcome and states there is no material impact on the company's financials or operations.

Total tax demand of ₹42,60,90,820 received for Assessment Year 2024-25
Demand comprises ₹34.53 crore in tax and ₹8.08 crore in interest charges
Issues involve disallowance of ESOP expenses, warranty provisions, and intangible asset depreciation
Company to file an appeal with the National Faceless Appeal Centre (NFAC)
Management expects a favorable outcome at the appellate level with no immediate material financial impact

💡 Investors should treat this as a routine tax litigation matter and monitor future updates regarding the appeal's progress. No immediate portfolio changes are recommended as the company is contesting the demand.

Crompton Greaves to Close Trading Window from April 1 for Q4 and FY26 Financial Results

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 27 Mar 2026, 03:26 PM

Crompton Greaves Consumer Electricals Limited has announced the closure of its trading window for all designated persons starting April 1, 2026. This move is a standard regulatory requirement under SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the company's financial results. The window will remain closed until 48 hours after the declaration of the audited financial results for the quarter and year ending March 31, 2026. The date for the board meeting to approve these results will be communicated at a later date.

Trading window closure commences on April 1, 2026, for all designated persons and connected entities.
The closure is in relation to the upcoming audited financial results for the quarter and year ending March 31, 2026.
The window will reopen 48 hours after the official announcement of the financial results.
The specific board meeting date for the results declaration is yet to be finalized and announced.

💡 This is a routine regulatory announcement with no direct impact on the company's valuation. Investors should look out for the upcoming earnings date to evaluate the company's year-end performance.

Crompton Greaves Receives GST Demand Order of INR 4.50 Crore for FY 2019-20

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 23 Mar 2026, 06:05 PM

Crompton Greaves Consumer Electricals Limited has received a tax demand order from the Assistant Commissioner of Central Tax, Vijayawada, for the period April 2019 to March 2020. The total demand amounts to INR 4,50,41,295, which includes tax, interest, and a penalty. The demand arises from alleged excess Input Tax Credit (ITC) claimed in GSTR 3B compared to GSTR 2A. The company has stated that it plans to appeal the order and does not expect a material impact on its financial operations.

Total tax demand of INR 4,50,41,295 received from GST authorities in Andhra Pradesh.
Demand breakdown: Tax of INR 1,39,98,461, Interest of INR 1,70,44,373, and Penalty of INR 1,39,98,461.
Issue pertains to alleged excess ITC claims for the financial year 2019-20.
Company intends to file an appeal before the Commissioner (Appeals) based on legal advice.
Management confirms no material impact on the company's financials or operations.

💡 Investors need not worry as the demand amount is immaterial relative to the company's size. Monitor the outcome of the appeal in future disclosures.

Crompton Receives ISO 9001:2015 Certification for Secretarial Function

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 23 Mar 2026, 03:38 PM

Crompton Greaves Consumer Electricals Limited has been awarded the ISO 9001:2015 certification for its Secretarial Function by Bureau Veritas - UKAS Management Systems. This certification recognizes the company's robust quality management systems, governance, and standardized processes. Although the disclosure is voluntary and not mandatory under SEBI Regulation 30, it serves as a testament to the company's commitment to high corporate governance standards. This administrative milestone reflects operational excellence in internal compliance and secretarial practices.

Awarded ISO 9001:2015 certification specifically for the Secretarial Function.
Certification granted by Bureau Veritas - UKAS Management Systems for quality management.
Recognition of standardized processes and continuous improvement in corporate governance.
Voluntary disclosure made by the company to demonstrate adoption of good governance practices.

💡 No action is required as this is a routine administrative update. It reinforces the company's reputation for governance but has no direct impact on financial performance.

Crompton Launches Energion Elevate BLDC Fan for Domestic Market

🟡 NEUTRAL ⭐ 3/10

EXPANSION 📅 20 Mar 2026, 06:25 PM

Crompton Greaves Consumer Electricals Limited has announced the launch of its new product, 'Energion Elevate', on March 20, 2026. This product falls under the Energion (BLDC) category, targeting the energy-efficient fan segment in the domestic Indian market. Although the company noted that this launch does not meet the formal materiality threshold, it was disclosed to maintain high standards of corporate governance. This move reflects the company's ongoing strategy to strengthen its portfolio in the premium and energy-saving appliance space.

Launch of 'Energion Elevate' BLDC fan on March 20, 2026
Product specifically caters to the Indian domestic market
Categorized under the Energion (BLDC) energy-efficient technology line
Voluntary disclosure made as a measure of good corporate governance
Launch does not trigger the regulatory threshold of materiality

💡 No immediate action is required as this is a routine product launch. Investors should monitor the sales growth in the BLDC segment as it typically offers better margins than traditional fans.

Crompton Greaves Receives Income Tax Demand of 4.21 Crore for AY 2019-20

🟡 NEUTRAL ⭐ 3/10

LEGAL 📅 18 Mar 2026, 09:43 PM

Crompton Greaves Consumer Electricals Limited has received a rectification order from the Assistant Commissioner of Income Tax, Mumbai, for Assessment Year 2019-20. The order, passed under Section 154 of the Income Tax Act, imposes a total demand of 4,21,07,197, which includes interest. The demand arises from an alleged excess refund of tax previously issued to the company. Management is currently evaluating its legal response and has stated that the demand will not have a material impact on the company's financial or operational performance.

Total tax demand of 4,21,07,197 inclusive of interest raised by the Income Tax Department.
The order pertains to a rectification for Assessment Year 2019-20 regarding tax computation.
The demand is based on an alleged excess refund of tax previously granted to the company.
Company management confirms there is no material impact on financials or operations.
The order was received from the Assistant Commissioner of Income Tax, Circle-5(1)(1), Mumbai.

💡 Investors should treat this as a routine tax matter as the demand amount is immaterial relative to the company's size. No immediate action is required as the company is likely to contest the order or resolve it through standard legal channels.

View All CROMPTON Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Consolidated revenue from operations grew 7.53% YoY to INR 7,863.55 Cr in FY25. Lighting segment demonstrated 3.1% YoY growth with a 50% YoY increase in EBIT. The Butterfly kitchen business saw EBITDA growth of 21%, while the Crompton kitchen business grew at a comparable or slightly higher rate. However, Q2 FY26 net sales showed a slight decline of 0.8% YoY to INR 1,632 Cr due to unfavorable weather impacting seasonal categories.

Geographic Revenue Split

The company reported growth in its export business during FY25, though specific regional percentage splits are not disclosed. Domestic operations remain the primary driver, with a focus on expanding the global footprint to reach new consumers.

Profitability Margins

Consolidated Net Profit Margin improved to 7.17% in FY25 from 6.04% in FY24. Standalone Operating Profit Margin stood at 10.78% for FY25. However, Q2 FY26 margins faced pressure, with Adjusted Net Profit margin at 5.2% compared to 7.5% YoY, primarily due to higher material costs and transformation expenses.

EBITDA Margin

Consolidated EBITDA margin for Q2 FY26 stood at 8.0%, a decline from 11.0% in Q2 FY25. This 300 bps compression was driven by adverse product mix in the Electrical Consumer Durables (ECD) segment and increased investments in brand building and digital transformation (Crompton 2.0).

Capital Expenditure

The company maintains a modest capex policy, with annual cash accruals of INR 500-600 Cr being sufficient to cover debt obligations and planned capital expenditure. Specific historical INR Cr figures for FY25 capex were not explicitly detailed, but liquidity remains strong with cash equivalents of INR 543 Cr as of September 2024.

Credit Rating & Borrowing

CRISIL maintains a 'Stable' outlook with high credit ratings. The company has a term debt of INR 300 Cr in the form of NCDs scheduled for repayment in July 2025. Interest coverage ratio for FY25 was 10.77, reflecting a robust ability to service debt despite a decrease from 27.01 in the previous year.

⚙️ Operational Drivers

Raw Materials

Key raw materials include commodities used in electrical goods (steel, copper, and aluminum), with total material costs accounting for 67.06% of revenue (INR 5,273.33 Cr) in FY25, up from 68.38% in FY24.

Import Sources

Not specifically disclosed in the documents, though global supply chain risks and China's inflation rates (forecasted at 4.6% in 2025) are monitored as they impact input costs.

Capacity Expansion

The company is undergoing a manufacturing transformation, including the restructuring of the Baroda plant (incurring a one-time cost of INR 20.36 Cr) to optimize the production model and achieve higher economies of scale.

Raw Material Costs

Material costs as a percentage of net sales were 69.7% in Q2 FY26, compared to 68.1% in Q2 FY25. This 160 bps increase was driven by commodity price movements and an adverse mix of seasonal products.

Manufacturing Efficiency

The company is shifting towards a more efficient production model to achieve economies of scale. Inventory turnover ratio (on COGS) was 6.70 in FY25, slightly down from 6.48 in FY24.

Logistics & Distribution

The company is investing in Go-To-Market (GTM) processes and digital transformation to enhance distribution efficiency, though specific logistics costs as a % of revenue were not provided.

📈 Strategic Growth

Expected Growth Rate

10-12%

Growth Strategy

Growth will be driven by the 'Crompton 2.0' transformation, focusing on brand building, GTM excellence, and digital acceleration. The company is expanding into high-growth segments like Solar Rooftop (INR 500 Cr order book) and BLDC fans, while leveraging the Butterfly acquisition to scale the kitchen appliances vertical.

Products & Services

Fans (Ceiling, TPW, BLDC), LED Lighting, Pumps, Solar Water Pumps, Solar Rooftop systems, and Kitchen Appliances (Mixer Grinders, Cooktops).

Brand Portfolio

Crompton, Butterfly.

New Products/Services

Significant focus on BLDC fans and Solar Rooftop solutions. The Solar Rooftop business has an order book of INR 500 Cr executable over 6-12 months.

Market Expansion

The company is gaining market share in fans and pumps despite difficult market conditions. It is also expanding its presence in the premium kitchen segment through the Butterfly brand.

Market Share & Ranking

Crompton maintains market leadership in fans and residential pumps. It is a top player in the LED lighting segment with a 15.5% EBIT margin.

🌍 External Factors

Industry Trends

The industry is shifting toward energy-efficient products due to regulatory changes like the BEE transition (effective Jan 1, 2026). There is a growing trend toward BLDC technology in fans and solar-powered consumer solutions.

Competitive Landscape

Faces intense competition in the kitchen and lighting segments, which has historically limited pricing flexibility and necessitated high promotional spending.

Competitive Moat

Crompton's moat is built on its strong brand legacy, a vast distribution network (GTM excellence), and market leadership in core categories like fans. These are sustained through continuous R&D and high-decibel marketing (A&P spend was INR 305.75 Cr in FY25).

Macro Economic Sensitivity

Sensitive to rural demand recovery and inflation. China's 4.6% growth forecast and global fiscal packages are noted as factors influencing the broader economic environment.

Consumer Behavior

Shift toward premium and energy-efficient appliances (BLDC fans) and increasing adoption of solar energy solutions for residential use.

Geopolitical Risks

Geopolitical tensions are identified as risks that could impact supply chains, global trade, and investment flows.

⚖️ Regulatory & Governance

Industry Regulations

Mandatory BEE (Bureau of Energy Efficiency) star labeling transition for fans effective January 1, 2026, which impacts inventory planning and manufacturing standards.

Environmental Compliance

The company is focused on creating products with reduced environmental impact throughout their lifecycle and adheres to ESG profiles supported by CRISIL.

Taxation Policy Impact

Effective tax rate for FY25 was approximately 25.4% (INR 192.13 Cr tax on INR 756.21 Cr PBT).

⚠️ Risk Analysis

Key Uncertainties

Commodity price volatility (copper/steel) and unfavorable weather patterns pose a 2-3% risk to operating margins. The success of the 'Crompton 2.0' transformation is critical for long-term returns on current high investments.