The stock opened at Rs 1003.0 and touched an intraday high and low of Rs 1011.0 and Rs 981.0, respectively, in the session so far. The stock of Havells India Ltd. quoted a 52-week high of Rs 1237.8 and a 52-week low of Rs 447.2.
As per BSE, the total market cap of the Havells India Ltd. stood at Rs 62773.45 crore at the time of writing this report.
Key Financials
The company reported consolidated sales of Rs 3214.24 crore for the quarter ended 31-Dec-2020, up 26.6 per cent from previous quarter’s Rs 2538.99 crore and up 39.85 per cent from the year-ago quarter’s Rs 2298.39 crore.
The net profit for latest quarter stood at Rs 350.14 crore, up 74.01 per cent from the corresponding quarter last year.
Shareholding pattern
As of 31-Mar-2021, DIIs held 2.24 per cent stake in the firm, while foreign institutional investors held 24.91 per cent and the promoters 59.5 per cent.
Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 68.37 and a price-to-book ratio of 6.96. 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.
