Buy Whirlpool of India, target price Rs 2175: ICICI Securities

ICICI Securities has buy call on Whirlpool of India with a target price of Rs 2175. The current market price of Whirlpool of India is Rs 1695.05.
Time period given by analyst is year when Whirlpool of India Ltd. price can reach defined target. .

Whirlpool of India Ltd., incorporated in the year 1960, is a Large Cap company (having a market cap of Rs 21494.63 Crore) operating in Consumer Durables sector.


Whirlpool of India Ltd. key Products/Revenue Segments include Domestic Appliances, Sale of services and 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 2112.72 Crore, up 22.81 % from last quarter Total Income of Rs 1720.32 Crore and up 55.97 % from last year same quarter Total Income of Rs 1354.61 Crore. Company reported net profit after tax of Rs 84.58 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 75.0 per cent stake in the company as of 30-Jun-2022, while FIIs owned 2.76 per cent, DIIs 12.53 per cent.