Crompton Greaves Consumer Electricals Ltd has received a Buy rating with a target price of ₹340.00, representing significant upside potential from the current market price of ₹256.85. The company, recognized as one of India's leading consumer electrical companies, maintains a diversified presence across fans, pumps, lighting, appliances, and kitchen products.

Crompton 2.0 Transformation Strategy

The company is executing its comprehensive "Crompton 2.0" transformation strategy, which focuses on four key pillars: premiumisation, sharper go-to-market execution, innovation, and supply-chain efficiency. This strategic initiative aims to expand the company's addressable market through solar-led adjacencies, with early traction in solar rooftop solutions validating its long-term growth potential.

Solar Business Expansion

Solar Rooftop Business Performance

The solar rooftop business has demonstrated strong momentum since its inception. The business commenced operations with a ₹52.00 crore project in Telangana, subsequently securing a landmark order worth ₹445.00 crore. This progression has resulted in a robust current order pipeline:

Solar Pumps Business Growth

The solar pumps segment has scaled rapidly, achieving remarkable market penetration within a short timeframe. The business has delivered exceptional performance metrics:

This rapid scaling positions solar as a meaningful medium-term growth driver for the company.

Investment Outlook and Valuation

The Buy rating comes with a target price of ₹340.00, valuing Crompton at 33x FY27E EPS. This valuation reflects the company's transformation strategy and the potential of its solar business expansion.

Risk Factors

Several risk factors could impact the company's performance:

• Weather-driven demand volatility affecting core business segments
• Margin pressure due to commodity cost fluctuations
• Heightened competitive intensity in the consumer electrical space
• Execution and working-capital risks in scaling solar businesses
• Government policy changes affecting solar business operations
• Potential demand decline amid economic slowdown scenarios

The analysis positions Crompton Greaves Consumer Electricals as a company successfully diversifying its portfolio while maintaining its core consumer electrical business strengths.

Crompton Greaves Consumer Electricals Limited has strengthened its leadership team with the appointment of Ms. Anita Pansar as Head Innovation & Chief Technology Officer, marking a significant addition to the company's senior management. The appointment, effective January 2, 2026, was approved by the Board of Directors on December 26, 2025.

Board Approval and Regulatory Compliance

The appointment was made following recommendations from the Nomination and Remuneration Committee and in accordance with the company's Nomination and Remuneration Policy. The decision aligns with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring proper governance protocols.

Professional Background and Qualifications

Ms. Pansar brings exceptional academic credentials and professional expertise to her new role. Her educational background includes Strategy Management from Harvard Business School and Machine Learning from Stanford Online, demonstrating her commitment to cutting-edge business and technology knowledge.

Her technical qualifications encompass:

• M.Tech in Electrical Controls from COEP
• B.E. in Electrical Engineering from Wadia Institute of Engineering Technology, Pune
• Diploma in Electrical Engineering from Government Polytechnic, Pune

All her academic achievements were completed with distinction, reflecting her academic excellence and technical proficiency.

Extensive Industry Experience

Ms. Pansar is recognized as a seasoned global R&D and engineering leader with over 25 years of experience spanning multiple high-technology sectors. Her career trajectory includes senior leadership positions across healthcare, automotive, and industrial sectors at renowned multinational corporations.

Notable Achievements at Philips Healthcare

In her most recent role at Philips Healthcare India, Ms. Pansar demonstrated exceptional leadership capabilities by managing global R&D operations for the DXR (X-Ray) portfolio across Germany, India, and China. Her responsibilities included overseeing a substantial USD 44.00 million development budget, showcasing her ability to manage large-scale, complex technology projects.

Her key accomplishments include:

• Successfully driving product launches across multiple markets
• Strengthening FDA audit readiness protocols
• Shaping digital, cloud, and AI-led technology roadmaps
• Building global capabilities and cross-functional teams
• Leading teams that filed 37 patents, demonstrating innovation excellence

Strategic Impact for Crompton Greaves

The appointment of Ms. Pansar as Chief Technology Officer represents Crompton Greaves Consumer Electricals' commitment to strengthening its innovation capabilities and technology leadership. Her extensive experience in global R&D operations, combined with her expertise in emerging technologies like AI and machine learning, positions the company to enhance its product development and technological advancement initiatives.

Her proven track record in managing substantial development budgets and driving successful product launches across international markets aligns with the company's growth objectives and innovation strategy.