Prabhudas Lilladher ne Crompton Greaves par apna 'Buy' rating maintain rakha hai. Company ke BLDC fans aur pumps segment mein dumdaar growth dekhne ko mil rahi hai.
ECD Segment ka dumdaar performance
Prabhudas Lilladher ne Crompton Greaves par 'Buy' rating di hai aur ₹294 ka target fix kiya hai. Iske peeche main wajah hai inka Electric Consumer Durables (ECD) segment, jo company ka growth engine bana hua hai. ECD segment ne saal-dar-saal 19.2% ki growth dikhayi hai. Khaas baat ye hai ki BLDC fans ki sales mein 40% ka jump aaya hai aur residential/agricultural pumps mein bhi double-digit growth dekhi gayi hai.
Lighting segment ki dikkat aur management ka view
Ek taraf top-line growth achhi hai, lekin lighting division mein thodi chinta hai. Yahan revenue toh 14.3% badha hai, par EBIT margins 260 basis points gir gaye hain. Management ka kehna hai ki purane contracts jo lower prices par sign huye the, unki wajah se margins par asar pada hai.
Price hikes aur Expansion plan
Input costs ko handle karne ke liye company ne January se September 2026 ke beech fans ki prices mein 17% se 18% tak badhotri ki hai. Khushi ki baat ye hai ki inhone 80% cost burden customers par transfer kar diya hai, bina demand loose kiye. Inki subsidiary, Butterfly Gandhimathi Appliances, ne bhi 16.6% revenue growth dikhayi hai.
Export aur Future outlook
Company ab export par focus kar rahi hai, jahan 70% saal-dar-saal growth mili hai. Saath hi, solar pump business mein PM-KUSUM 2.0 ke through recovery ki umeed hai. Investors ko ab lighting margins ke sudharne ka wait karna chahiye, kyunki ye sector Havells India aur Orient Electric jaise players ke sath kaafi competitive hai.