whirlpool stocks: Buy Whirlpool of India, target price Rs 1895: Arihant Capital Markets

has buy call on with a target price of Rs 1895. The current market price of Whirlpool of India is Rs 1490.75. Whirlpool of India, incorporated in the year 1960, is a Large Cap company (having a market cap of Rs 18877.89 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 30-09-2022, the company has reported a Consolidated Total Income of Rs 1633.88 Crore, down -22.66 % from last quarter’s Total Income of Rs 2112.72 Crore and up 0.53 % from last year’s same quarter total Income of Rs 1625.23 Crore. Company has reported net profit after tax of Rs 49.02 Crore in latest quarter.

The company’s top management includes Mr. Arvind Uppal, Mr. Vishal Bhola, Mr. Arumalla Hari Bhavanarayana Reddy, Mr. Anil Berera, Mrs. Sonu Halan Bhasin, Mr. Rahul Bhatnagar, Mr.Pradeep Jyoti Banerjee. Company has MSKA & Associates as its auditors. As on 30-09-2022, the company has a total of 13 Crore shares outstanding.


Investment Rationale
Whirlpool continues to launch innovative products through its parent technologies, grow its distribution network, make investments in R&D and Capex, shorten the replacement cycle, increase consumer affordability, and move towards premiumisation to drive growth going forward.

Promoter/FII Holdings
Promoters held 75.0 per cent stake in the company as of 30-Sep-2022, while FIIs owned 2.76 per cent, DIIs 12.49 per cent.