Havells India shares up 0.61% as Nifty gains

NEW DELHI: Shares of Havells India Ltd. traded 0.61 per cent up in Friday's trade at 10:45AM (IST). Around 5,660 shares changed hands on the counter.

The scrip opened at Rs 1872.0 and touched an intraday high and low of Rs 1880.5 and Rs 1860.6, respectively, in the session so far. Shares of the company of Havells India Ltd. quoted a 52-week high of Rs 1925.0 and a 52-week low of Rs 1233.1.

Total market cap of the Havells India Ltd. stood at Rs 117217.93 crore at the time of writing this report.


Key Financials
The company reported consolidated sales of Rs 5517.77 crore for the quarter ended 31-Mar-2024, up 23.45 per cent from previous quarter's Rs 4469.75 crore and up 12.47 per cent from the year-ago quarter's Rs 4905.92 crore.

The net profit for latest quarter stood at Rs 446.7 crore, up 24.76 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Mar-2024, domestic institutional investors held 3.57 per cent stake in the firm, while foreign institutional investors held 24.83 per cent and the promoters 59.43 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 92.24 and a price-to-book ratio of 12.75. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Havells India Ltd. belongs to the Electronics/Electricals industry.