HSBC has maintained a ‘Buy’ rating on Crompton Greaves Consumer Electricals, setting a target price of ₹470 per share, implying a 38.5% upside potential from the current market price of ₹339.45.
The brokerage noted that Crompton’s Q3 performance was in line with expectations, with the company’s new product launches, brand-building initiatives, and cost optimization efforts expected to drive profitable growth going forward.
HSBC forecasts a 25% EPS CAGR over FY25-27, supported by a 13% revenue CAGR and a 170 bps YoY expansion in EBITDA margins. The stock currently trades at a 25x P/E multiple on FY27 consolidated EPS estimates, making it an attractive bet for long-term investors.
With margin expansion, strong product innovation, and a focus on efficiency, HSBC remains bullish on Crompton Consumer’s growth outlook.
Disclaimer: The above article is for informational purposes only and does not constitute financial advice. Investors are advised to consult their financial advisors before making any investment decisions.