Consumer Durables News

Havells share price: Buy Havells India, target price Rs 1644: ICICI Securities

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has buy call on with a target price of Rs 1644. The current market price of Havells India Ltd. is Rs 1100.

Time period given by analyst is one year when . price can reach defined target.

Havells India Ltd., incorporated in the year 1983, is a Large Cap company (having a market cap of Rs 69118.81 Crore) operating in Consumer Durables sector.

Havells India 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 31-03-2022, the company reported a Consolidated Total Income of Rs 4470.37 Crore, up 20.40 % from last quarter Total Income of Rs 3713.05 Crore and up 32.42 % from last year same quarter Total Income of Rs 3375.87 Crore. Company reported net profit after tax of Rs 352.48 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 59.47 per cent stake in the company as of 31-Mar-2022, while FIIs owned 24.44 per cent, DIIs 8.15 per cent.

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