Accumulate Havells India, target price Rs 1976: Prabhudas Lilladher

Prabhudas Lilladher has accumulate call on Havells India with a target price of Rs 1976. The current market price of Havells India Ltd. is Rs 1898.9.

Havells India Ltd., incorporated in the year 1983, is a Large Cap company (having a market cap of Rs 119196.12 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.