Mumbai, India – January 28, 2025: Crompton Greaves Consumer Electricals Limited (NSE: CROMPTON, BSE: 539876) has announced that CRISIL Ratings Limited (CRISIL) has reaffirmed its credit rating on the company’s Non-Convertible Debentures (NCDs) at CRISIL AA+/Stable.
Key Credit Rating Details:
- Issuer: Crompton Greaves Consumer Electricals Limited
- Type of Instrument: Non-Convertible Debentures (NCDs)
- Rated Amount: ₹300 crore
- Rating Agency: CRISIL
- Rating Action: Reaffirmed at CRISIL AA+/Stable
- Date of Rating Action: January 27, 2025.
What Does This Rating Mean?
The CRISIL AA+/Stable rating signifies strong financial health and stability, indicating that Crompton Greaves Consumer Electricals has a very low credit risk. The stable outlook reflects CRISIL’s expectation that the company will maintain steady financial performance, strong cash flows, and a robust market position in the consumer electronics sector.Market Implications & Investor Confidence
- Reaffirmation of the AA+ rating suggests consistent operational efficiency, healthy profitability, and financial discipline.
- Investors holding the company’s NCDs can remain confident in the company’s creditworthiness, as the reaffirmation signals minimal risk of default.
- The rating reinforces Crompton’s standing in the consumer electrical industry, ensuring strong access to debt markets for future fundraising.
Company’s Financial Strength
Crompton Greaves Consumer Electricals Limited continues to hold a dominant market position in the home appliances and lighting sector, driven by:- Substantial brand equity in fans, lighting, and appliances.
- Consistent revenue growth and profitability.
- A disciplined approach to financial and capital management.