Buy Havells India, target price Rs 1644: ICICI Securities

ICICI Securities has buy call on Havells India with a target price of Rs 1644. The current market price of Havells India is Rs 1319.05. 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 82549.88 Crore) operating in Consumer Durables sector.

Havells India Ltd. key Products/Revenue Segments include Cables, Electrical Consumer Durables, Traded Goods, Domestic Switchgears, Light Fittings & Fixture, Others, Export Incentives for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 3713.05 Crore, up 13.50 % from last quarter Total Income of Rs 3271.33 Crore and up 15.52 % from last year same quarter Total Income of Rs 3214.24 Crore. Company reported net profit after tax of Rs 305.82 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.