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Firms that manufacture power-generating equipment and other heavy electrical equipment, including
power turbines, heavy electrical machinery as well as household electrical appliances.

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Factors affecting the sector:

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M YOUT R TIOS
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Dividend payout ratio


14.09 19.39 19.35 23.19 20.17
(cash profit)
Earning retention
82.82 83.21 74.85 69.62 75.73
ratio
Cash earnings
84.31 84.57 78.11 75.15 80.69
retention ratio

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Dividend
payout ratio 28.03 27.66 26.04 21.02 18.97
(cash profit)
Earning
67.69 70.07 71.73 70.40 68.01
retention ratio

Cash earnings
70.92 72.83 74.30 74.91 75.67
retention ratio
*
 

C&G BHEL
+,- +,-
‡Crompton has acquired super brand status. ‡Sound engineering base and ability to
‡Super brand is a unique International assimilate.
recognition that is bestowed on brands that have ‡Relatively stable industrial relationship and
emerged as icons in their category. ability to manufacture or procure to supply
‡In India, a council comprising eminent spares.
professionals from the fields of ‡Low labour cost.
advertising, marketing, research and media was
formed to determine India's most respected ‡Low debt equity ratio (even lower than 0.5:1)
brands. for all the years under study, enabling
company to raise capital.
‡Crompton is in the list of 134 selected brands
and is a market leader with twenty percent of the ‡Sound financial position in terms of
market share in organized sector. profitability and solvency.
‡Crompton enjoys a great brand loyalty. ‡For non- BHEL products, services and spares
are not easily available and if they are, price
charged are very high.

*.-- *.--
‡Crompton products are the costlier as compared ‡Difficulty in keeping up the commitments on the
to the other brands. product delivery and desired sequence of supplies
because of larger delivery cycles .
* 
 

C &G BHEL
- -
‡Crompton has an excellent brand recall. ‡ geing power plants would give rise to more
‡Considering their market image and market spares and services business.
share, there are great opportunities for ‡Demand for power and hence plant equipment
Crompton. is expected to grow.
‡Crompton has a good opportunity for tapping a ‡Life expansion program for old power stations.
large percentage of unorganized sectors which
‡Export opportunities.
contributes almost fifty percent of the total fan
sales.

,- ,-
‡ growing unorganized sector is a continual ‡Increased competition both national and
worry for CG. international.
‡The current share of the organized sector is 50% ‡Multilateral agencies reluctant to lend to
and is increasing at a rapid rate. power sector because of poor financial
‡CG has to be constantly on its toes to advertise management of S.E.Bs
their products better at the same time keep the ‡More concessions to private sector and not to
prices low. Otherwise the unorganized sector government owned utilities like NTMC or
may eat up its market share. S.E.Bs, so future power projects would be
opened up in private sector.
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Î = 1.2T1 + 1.4T2 + 3.3T3 + .6T4 + .999T5
T1 = Working Capital / Total Assets
T2 = Retained Earnings / Total Assets
T3 = EBIT / Total Assets
T4 = Market Value of Equity / Book Value of total Liabilities
T5 = Sales / Total Assets

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