Trending stocks: Whirlpool of India shares down nearly 3%

NEW DELHI: Shares of Whirlpool of India Ltd. traded 2.53 per cent down in Friday's trade at 10:46AM (IST). Around 2,133 shares changed hands on the counter.

The counter opened at Rs 2120.0 and touched an intraday high and low of Rs 2120.0 and Rs 2053.0, respectively, in the session so far. The stock of Whirlpool of India Ltd. quoted a 52-week high of Rs 2570.0 and a 52-week low of Rs 1343.0.

Total market cap of the Whirlpool of India Ltd. stood at Rs 26160.97 crore at the time of writing this report.


Key Financials
The company reported consolidated sales of Rs 1353.62 crore for the quarter ended 31-Mar-2020, up 6.48 per cent from previous quarter's Rs 1271.24 crore and up 0.01 per cent from the year-ago quarter's Rs 1353.53 crore.

The net profit for latest quarter stood at Rs 92.34 crore, down 12.2 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Mar-2020, domestic institutional investors held 8.15 per cent stake in the company, while foreign institutional investors held 3.78 per cent and the promoters 0.0 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 53.37 and a price-to-book ratio of 12.19. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Whirlpool of India Ltd. belongs to the Electronics/Electricals industry.