Buy Whirlpool of India, target price Rs 2260: BNP Paribas

BNP Paribas has buy call on Whirlpool of India with a target price of Rs 2260. The current market price of Whirlpool of India is Rs 1662.7.

Whirlpool of India Ltd., incorporated in the year 1960, is a Large Cap company (having a market cap of Rs 20996.65 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.