Buy Havells India, target price Rs 1510: Motilal Oswal

Havells India Ltd., incorporated in the year 1983, is a Large Cap company (having a market cap of Rs 81095.92 Crore) operating in Consumer Durables sector.

By ETMarkets.com | Jan 25, 2024, 10.27 AM IST

Promoters held 59.43 per cent stake in the company as of 31-Dec-2023, while FIIs owned 23.96 per cent, DIIs 9.98 per cent.

Motilal Oswal has buy call on Havells India Ltd. with a target price of Rs 1510. The current market price of Havells India Ltd. is Rs 1290.6.
Havells India Ltd., incorporated in the year 1983, is a Large Cap company (having a market cap of Rs 81095.92 Crore) operating in Consumer Durables sector.

Havells India Ltd. key Products/Revenue Segments include Cables, Service Revenue, Electrical Consumer Durables, Domestic Switchgears, Light Fittings & Fixture, Others, Export Incentives for the year ending 31-Mar-2023.

Financials
For the quarter ended 31-12-2023, the company reported a Consolidated Total Income of Rs 4469.75 Crore, up 13.08 % from last quarter Total Income of Rs 3952.81 Crore and up 7.26 % from last year same quarter Total Income of Rs 4167.21 Crore. Company reported net profit after tax of Rs 287.91 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 59.43 per cent stake in the company as of 31-Dec-2023, while FIIs owned 23.96 per cent, DIIs 9.98 per cent.

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