Buy Havells India, target price Rs 1945: BNP Paribas

Havells India Ltd., incorporated in the year 1983, is a Large Cap company (having a market cap of Rs 118851.32 Crore) operating in Consumer Durables sector.

By ETMarkets.com | Aug 28, 2024, 09.35 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.

BNP Paribas has buy call on Havells India with a target price of Rs 1945. The current market price of Havells India Ltd. is Rs 1890.8.

Havells India Ltd., incorporated in the year 1983, is a Large Cap company (having a market cap of Rs 118851.32 Crore) operating in Consumer Durables sector.

Havells India Ltd. key Products/Revenue Segments include Cables, Traded Goods, Electrical Consumer Durables, Domestic Switchgears, Light Fittings & Fixture, Others, Export Incentives for the year ending 31-Mar-2024.

Financials
For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 5883.54 Crore, up 6.63 % from last quarter Total Income of Rs 5517.77 Crore and up 20.11 % from last year same quarter Total Income of Rs 4898.64 Crore. Company reported net profit after tax of Rs 407.51 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 59.41 per cent stake in the company as of 30-Jun-2024, while FIIs owned 25.33 per cent, DIIs 9.42 per cent.

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