Buy Havells India, target Rs 535: Pritesh Mehta

Pritesh Mehta of IIFL has a buy call on Havells India with a target price of Rs 535. The current market price of Havells India Ltd. is 506.8 Time period given by analyst is Intra Day when Havells India Ltd. price can reach defined target. Pritesh Mehta recommended to keep stop loss at Rs 492.0 .

Havells India Ltd., incorporated in the year 1983, is a largecap company (having a market cap of ₹ 31321.78 crore) operating in Electric Equipment sector.

Havells India Ltd. key Products/Revenue Segments include Cables which contributed ₹ 2553.65 Cr to Sales Value (41.53 % of Total Sales), Domestic Switchgears which contributed ₹ 1413.87 Cr to Sales Value (22.99 % of Total Sales), Electrical Consumer Durables which contributed ₹ 1254.92 Cr to Sales Value (20.41 % of Total Sales), Light Fittings & Fixture which contributed ₹ 884.11 Cr to Sales Value (14.37 % of Total Sales), Scrap which contributed ₹ 34.12 Cr to Sales Value (0.55 % of Total Sales), Export Incentives which contributed ₹ 7.62 Cr to Sales Value (0.12 % of Total Sales) and Sale of services which contributed ₹ .12 Cr to Sales Value (0.00 % of Total Sales)for the year ending 31-Mar-2016.

For the quarter ended 31-12-2016, the company has reported a Standalone sales of ₹ 1493.61 Cr., up 3.68% from last quarter Sales of ₹ 1440.61 Cr. and up 13.10% from last year same quarter Sales of ₹ 1320.60 Cr. Company has reported net profit after tax of ₹ 152.97 Cr. in latest quarter. The company’s CEO is Mr.Anil Rai Gupta. It's Board of Directors include Mr.Sanjay Gupta, Dr.Adarsh Kishore, Mr.A P Gandhi, Mr.Ameet Kumar Gupta, Mr.Anil Rai Gupta, Mr.Puneet Bhatia, Mr.Rajesh Kumar Gupta, Mr.S B Mathur, Mr.S K Tuteja, Mr.Sanjay Gupta, Mr.Sanjay Johri, Mr.Surjit Kumar Gupta, Mr.T V Mohandas Pai, Mr.V K Chopra, Mrs.Pratima Ram. Company has its registered office at 1/7, Ram Kishore Road,, Civil Lines, Delhi, 110054, Delhi. Company has V R Bansal & Associates as its auditors. As on 31-03-2017, the company has a total of 624,855,342 shares outstanding.