CG Power and Industrial Solutions Ltd. share price target

CGL's has announced on March 09, 2016 that it has sold its international transmission and distribution business to First Reserve International, a US Relative Capital Market Strength private equity fund, for enterprise value of 115 million euros, (about Rs 1.2...

Rs 490mn loss in Q3FY15 led by higher losses in the international subsidiaries and a sharpdeteriorationintheperformanceofitsdomesticpowersegment. 8 We highlight that management has rejected the offer to sell its international power...

Rs 490mn loss in Q3FY15 led by higher losses in the international subsidiaries and a sharpdeteriorationintheperformanceofitsdomesticpowersegment. 8 We highlight that management has rejected the offer to sell its international power...

will be left with its domestic power systems, industrial systems, and power automation businessesthesearewhatweclassifyasitsresidualbusiness.Thisbusinesswillbemore Indiafocused with only 21% of its revenues from abroad vs. current 44%. We expect...

Crompton Greaves' consolidated revenue was down 6.2% yoy to Rs32.1bn in 2QFY16 as compared to Rs34.3bn in 2QFY15 & Rs31.6bn in 1QFY16. Power system business, which accounts for about 59% of overall consolidated revenue, was lower by 11.4% to Rs18.9bn. International Power business continued to be impacted by the ongoing...

Key highlights: Sales were lower than our estimate due to 16% decline in international powersubsidiaries'sales.Marginswereaidedbylowerlossesininternationalsubsidiaries. NetworkingcapitalwasloweratRs23.5bn(17%ofsales)duetoincreaseinpayables(was...

Crompton Greaves' Q1FY16 results missed our and consensus estimates on continued weakness in overseas subsidiaries and loss in standalone Power. Even after adjusting for sales lost due to the strike at its Nashik plant (Rs 0.6bn) and delayed exports (Rs0.75bn),...