Buy Havells India, target price Rs 1621: ICICI Securities

ICICI Securities has buy call on Havells India with a target price of Rs 1621. The current market price of Havells India Ltd. is Rs 1312.5. 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 82570.62 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 30-06-2022, the company reported a Consolidated Total Income of Rs 4292.05 Crore, down -3.99 % from last quarter Total Income of Rs 4470.37 Crore and up 62.32 % from last year same quarter Total Income of Rs 2644.17 Crore. Company reported net profit after tax of Rs 243.16 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 59.45 per cent stake in the company as of 30-Jun-2022, while FIIs owned 23.1 per cent, DIIs 8.96 per cent.