Crompton Greaves Consumer wins ₹46.2 Cr solar pump order from MSEDCL

Synopsis: Crompton Greaves Consumer Electricals received a Rs. 46.20 crore EPC order from MSEDCL for 2,000 solar water pumping systems under the PM-KUSUM scheme in Maharashtra, to be executed within 60 days, strengthening its renewable energy presence.

This company is a leading Indian consumer company with a 75+ year brand legacy, operating independently under professional management, with businesses in Lighting and Electrical Consumer Durables is now in focus after it received a letter of empanelment from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for EPC contracts.

With a market capitalisation of Rs. 16,561 cr, the shares of Crompton Greaves Consumer Electricals Ltd are currently trading at Rs. 257 per share, making a high of Rs. 261.45, from its previous close of Rs. 259.60 per share.

About the order

Crompton Greaves Consumer Electricals Limited has received a letter of empanelment from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for EPC contracts related to Solar Photovoltaic Water Pumping Systems (SPWPS) under the MTSKPY/PM-KUSUM scheme across various locations in Maharashtra. 

The order involves the design, manufacture, supply, installation, testing, and commissioning of 2,000 solar water pumping systems, with a total contract value of Rs. 46.20 crore (excluding GST). 

The contract has been awarded by a domestic entity and is required to be executed within 60 days from the issuance of the Notice to Proceed (NTP) or work order. This order strengthens Crompton’s presence in the renewable energy and solar solutions segment while aligning with government-backed sustainability initiatives.

About the company 

Crompton Greaves Consumer Electricals Ltd is a leading Indian consumer durables company with a strong presence in fans, lighting, pumps, and home appliances. Known for its trusted “Crompton” brand, the company caters to both residential and industrial segments, supported by a wide distribution network across India.

The company maintains healthy return ratios, with ROCE at 19.0% and ROE at 17.4%. The balance sheet remains strong, reflected in a low debt-to-equity ratio of 0.05, supported by recent debt reduction. The stock trades at a P/E of 34.0, at a discount to the industry P/E of 50.4, while the company continues to maintain a healthy dividend payout ratio of 39.9%.

The company reported marginal revenue growth of about 1% YoY, with sales at Rs. 1,916 crore in Q2FY26 compared to Rs. 1,896 crore in Q1FY26. EBITDA fell 23% YoY to Rs. 158 crore, and net profit dropped 41% YoY to Rs. 75.4 crore. EPS declined 43% YoY to Rs. 1.11.

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