Add Havells India, target price Rs 1500: HDFC Securities

HDFC Securities has add call on Havells India with a target price of Rs 1500. The current market price of Havells India is Rs 1104.55. Time period given by analyst is one year when Havells India Ltd. price can reach defined target.

Havells India Ltd., incorporated in the year 1983, is a Large Cap company (having a market cap of Rs 69344.28 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.