Crompton stock: Geojit raises view to Buy with INR 251 target
Published on 11/06/2026 at 02:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSGrowth supports a stronger view
- Geojit upgraded Crompton from Accumulate to Buy after stronger sales and margin expansion.
- Growth was broad-based across consumer durables and lighting, with exports also gaining momentum.
- Crompton is expanding its portfolio across fans, appliances, lighting, pumps, solar rooftop solutions and wires.
Geojit Financial Services upgraded Crompton Greaves Consumer Electricals from Accumulate to Buy in a research report published on Thursday, November 5, 2026, and set a target price of INR 251. Moneycontrol reported that the broker based its view on growth across Crompton's businesses, a better product mix and progress in emerging categories.
Broker sees broader growth drivers
Geojit said consolidated revenue increased 18.2 percent year on year to INR 2,263 crore in the quarter ended September 30, 2026. Electrical consumer durables revenue rose 19.4 percent to INR 1,634 crore, led by BLDC fans, pumps and water heaters, while lighting revenue increased 14.3 percent to INR 298 crore.
EBITDA advanced 24.1 percent to INR 205 crore, and the margin reached 9.0 percent. The report attributed the improvement to strategic price increases and savings from Crompton's Unnati cost-optimization program. Adjusted profit after tax rose 29.9 percent to INR 124 crore.
Shares trade on Indian exchange
Crompton stock traded at 206.53 Indian rupees on the National Stock Exchange of India at 3:28 p.m. IST on Thursday, November 5, 2026. Geojit also highlighted exports growing more than 70 percent and cited market-share gains, brand investment and execution in new businesses as support for its longer-term view.
Crompton broadens its portfolio
Crompton makes consumer electrical products including fans, lighting products, water heaters, air coolers, kitchen appliances, pumps, solar rooftop systems and wires. The company is headquartered in Mumbai, India, and presents its business as a combination of lighting and electrical consumer durables with technology and sustainability themes. Its established position in fans and residential pumps gives it a broad base while it expands into connected products, solar solutions and newer household categories.
Crompton Greaves Consumer Electricals at a glance
- Company: Crompton Greaves Consumer Electricals Limited
- ISIN: INE066F01012
- Ticker: CROMPTON.NS
- Exchange: National Stock Exchange of India
- Price: 206.53 Indian rupees at 3:28 p.m. IST on November 5, 2026
India's broader equity market remains the relevant backdrop for Crompton investors. Current market coverage tracks developments around the BSE Sensex.
