Consumer Durables News

Havells India stocks: Buy Havells India, target price Rs 1435: BNP Paribas


has buy call on Havells India with a target price of Rs 1435. The current market price of . is Rs 1223.35.

Havells India Ltd., incorporated in the year 1983, is a Large Cap company (having a market cap of Rs 77220.25 Crore) operating in Consumer Durables sector.

Ltd. key Products/Revenue Segments include Cables, Electrical Consumer Durables, Others, Domestic Switchgears, Light Fittings & Fixture, Export Incentives for the year ending 31-Mar-2022.

Financials

For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 3723.26 Crore, down -13.25 % from last quarter Total Income of Rs 4292.05 Crore and up 13.81 % from last year same quarter Total Income of Rs 3271.33 Crore. Company reported net profit after tax of Rs 187.01 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 59.45 per cent stake in the company as of 30-Sep-2022, while FIIs owned 23.1 per cent, DIIs 9.56 per cent.

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