Havells India shares up 0.74% as Nifty drops

NEW DELHI: Shares of Havells India Ltd. traded 0.74 per cent up in Thursday's trade at 10:15AM (IST). Around 36,824 shares changed hands on the counter.

The stock opened at Rs 1339.95 and touched an intraday high and low of Rs 1380.0 and Rs 1339.0, respectively, in the session so far. Shares of the company of Havells India Ltd. quoted a 52-week high of Rs 1466.0 and a 52-week low of Rs 1092.0.

Total market cap of the Havells India Ltd. stood at Rs 84657.44 crore at the time of writing this report.


Key Financials
The company reported consolidated net sales of Rs 4898.64 crore for the quarter ended 30-Jun-2023, down 0.15 per cent from previous quarter's Rs 4905.92 crore and down 14.13 per cent from the year-ago quarter's Rs 4292.05 crore.

The net profit for latest quarter stood at Rs 287.07 crore, up 18.06 per cent from the corresponding quarter last year.

Shareholding pattern
As of 30-Sep-2023, domestic institutional investors held 3.47 per cent stake in the firm, while foreign institutional investors held 24.19 per cent and the promoters 59.43 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 75.88 and a price-to-book ratio of 11.24. 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.