Whirlpool stocks: Add Whirlpool of India, target price Rs 1900: Centrum Broking

Centrum Broking has add call on with a target price of Rs 1900. The current market price of Whirlpool of India is Rs 1798.6. Time period given by analyst is one year when . price can reach defined target.

Whirlpool of India Ltd., incorporated in the year 1960, is a Large Cap company (having a market cap of Rs 22868.01 Crore) operating in Consumer Durables sector.

Whirlpool of India Ltd. key Products/Revenue Segments include Domestic Appliances, Sale of services and Export Incentives for the year ending 31-Mar-2022.

Financials

For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 2112.72 Crore, up 22.81 % from last quarter Total Income of Rs 1720.32 Crore and up 55.97 % from last year same quarter Total Income of Rs 1354.61 Crore. Company reported net profit after tax of Rs 84.58 Crore in latest quarter.

Investment Rationale
The brokerage expects WHIRL to report 18% revenue CAGR and 58% EPS CAGR, on a low base, over FY22-24E. Strong financial profile (negative NWC, strong cash flows and healthy growth prospects) will support valuation; but high competition will restrict P/E re-rating.

Promoter/FII Holdings
Promoters held 75.0 per cent stake in the company as of 30-Jun-2022, while FIIs owned 2.76 per cent, DIIs 12.53 per cent.