Motilal Oswal Recommends 'BUY' on Crompton Greaves; Sets Rs 350 Target

• Motilal Oswal initiates 'BUY' rating for Crompton Greaves Consumer Electricals (CROMPTON).
• Target Price (TP) set at INR 350, based on 35x Dec’27E EPS.
• CROMPTON is a market leader in fans (~25% share) and residential pumps (~30% share).
• Expected EBITDA/PAT CAGR of 17%/21% over FY26-28, after a FY26 decline due to weather.
• Operating Profit Margin (OPM) projected to improve to 10.3%/11.2% in FY27/FY28E from 9.7% in FY26.

Why It Matters: Motilal Oswal recommends buying Crompton Greaves, projecting strong future growth and a Rs 350 target.