Let’s be real for a second. If you’ve been looking at the Crompton Greaves Ltd share price lately, you’re probably seeing a lot of red. As of January 13, 2026, the stock is hovering around ₹252, which is quite a tumble from those ₹370-plus highs we saw about a year ago. It’s been a rough ride. Honestly, it's the kind of chart that makes your stomach do a little flip when you refresh your portfolio at 3:30 PM.
But here is the thing. Everyone is obsessed with the "now," and they’re missing the massive pivot this company is pulling off behind the scenes. We aren't just talking about ceiling fans and lightbulbs anymore.
The Solar Pivot Nobody is Talking About
Most people still think of Crompton as that old-school brand that makes the fan in your grandmother’s guest room. That’s a mistake. While the Crompton Greaves Ltd share price has been suppressed by a "prolonged monsoon" and weirdly high commodity costs, the company has been quietly stacking up solar orders.
They recently bagged a massive ₹445 crore solar rooftop order in Andhra Pradesh. That’s huge. To put it in perspective, they’re aiming for ₹2,000 crore in revenue from solar pumps and rooftops over the next two years. That isn't just a "side project." It’s a fundamental shift in their DNA.
I was looking at their Q2 numbers—yeah, the ones that came out late last year—and they show a 14% growth in their Butterfly subsidiary. People forget they bought Butterfly Gandhimathi a while back to dominate the kitchen. It’s working. Even while the main "fans and lights" segment is dragging its feet because of the weather, the kitchen and solar divisions are picking up the slack.
Why the Stock is Stuck in a Rut
So, if they're doing all this cool solar stuff, why is the price so low? Basically, it's a margin game.
In late 2025, their net profit margins took a massive hit, dropping over 40% year-on-year. That’s the kind of number that scares away the "weak hands." Inflation in raw materials like copper and aluminum has been eating their lunch. Plus, they’ve been spending like crazy on advertising—you’ve probably seen the "Crompton Hoga to Nazar Ayega" ads everywhere.
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- The Bear Case: Analysts at places like Mint are calling the current trend "strongly bearish." The stock is trading below its 200-day moving average of ₹315.
- The Support Level: We are currently sitting right on a major support level. If it breaks below ₹246, things could get ugly. But if it holds? That’s where it gets interesting.
Honestly, the market is treating Crompton like a boring legacy company. But their debt-to-equity ratio is basically zero (0.05, to be exact). They have the cash to survive a slump. Most companies would be panicking with a 30% price drop in a year, but Crompton is busy installing 60 MW of solar pumps.
Crompton Greaves Ltd Share Price: What the "Pros" Expect
If you look at the big brokerages, there's a weird disconnect. While the retail crowd is selling, the analysts are mostly screaming "Buy."
ICICI Securities and HDFC Securities have targets ranging from ₹380 to ₹440. That is a massive upside from the current ₹252. Even the "low" estimates from Wall Street analysts sit around ₹290. It feels like the market is waiting for one good quarter to re-rate the whole stock.
The Q3 results are expected in early February 2026. That board meeting on February 6th is going to be the "make or break" moment. If they show even a tiny bit of margin recovery, that short-covering rally is going to be violent.
Practical Steps for the Smart Investor
Look, I’m not your financial advisor, but here is how I'm reading the situation. If you’re a day trader, stay away. This stock is in a "bearish Marubozu" pattern half the time lately. It’s frustrating.
However, if you’re looking at a 2-year horizon:
- Watch the ₹246 mark. This is the "floor." If it holds here for another week, the base is likely built.
- Monitor Solar Execution. Don't just look at the order wins; look at the execution. They have ₹500 crore in the pipeline. If that starts hitting the revenue line in Q4, the narrative changes.
- The "Butterfly" Effect. Keep an eye on the kitchen appliances growth. If that keeps growing at 15%+, it proves the merger wasn't a waste of money.
- Wait for the 20-DMA cross. For a safer entry, wait for the price to consistently close above its 20-day moving average. Right now, it’s fighting to stay above water.
The Crompton Greaves Ltd share price is currently a story of a "legacy" brand trying to become a "future" brand. It’s messy. It’s slow. But with a ₹16,000 crore market cap and a dominant position in the BLDC fan market, it’s far from out.
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The smartest move right now is to stop looking at the daily ticks and start looking at the order book. That’s where the real money is hiding.