Add Whirlpool of India, target price Rs 2500: ICICI Securities

ICICI Securities has add call on Whirlpool of India with a target price of Rs 2500. The current market price of Whirlpool of India is Rs 2206.95.

Time period given by analyst is one year when Whirlpool of India Ltd. price can reach defined target.

Whirlpool of India Ltd., incorporated in the year 1960, is a Large Cap company (having a market cap of Rs 27765.27 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-2021.


Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 1625.23 Crore, up 19.98 % from last quarter Total Income of Rs 1354.61 Crore and down -.56 % from last year same quarter Total Income of Rs 1634.31 Crore. Company has reported net profit after tax of Rs 405.19 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 75.0 per cent stake in the company as of 30-Sep-2021, while FIIs owned 2.66 per cent, DIIs 11.3 per cent.