Neutral on Havells India, target price Rs 1780: Motilal Oswal

Havells India Ltd. key Products/Revenue Segments include Cables, Service Revenue, Electrical Consumer Durables, Domestic Switchgears, Light Fittings & Fixture, Others, Export Incentives for the year ending 31-Mar-2023.

Updated: May 02, 2024, 09.29 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.

Motilal Oswal has neutral call on Havells India with a target price of Rs 1780. The current market price of Havells India is Rs 1682.35.

Havells India Ltd., incorporated in the year 1983, is a Large Cap company (having a market cap of Rs 104207.99 Crore) operating in Consumer Durables sector.

Havells India Ltd. key Products/Revenue Segments include Cables, Service Revenue, Electrical Consumer Durables, Domestic Switchgears, Light Fittings & Fixture, Others, Export Incentives for the year ending 31-Mar-2023.

Financials
For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 5517.77 Crore, up 23.45 % from last quarter Total Income of Rs 4469.75 Crore and up 12.47 % from last year same quarter Total Income of Rs 4905.92 Crore. Company reported net profit after tax of Rs 446.70 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 59.43 per cent stake in the company as of 31-Mar-2024, while FIIs owned 24.83 per cent, DIIs 9.76 per cent.

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