Havells India Ltd, incorporated in the year 1983, is a Large Cap company with a market cap of Rs 62566.87 Crore, operating in Consumer Durables sector.
Havells India’s key Products/Revenue Segments include Cables, Electrical Consumer Durables, Others, Domestic Switchgears, Light Fittings & Fixture, Other Operating Revenue, Export Incentives for the year ending 31-Mar-2020.
Investment Rationale
ICICI Securities models Havells to report PAT CAGR of 17.4 per cent over FY21-FY23E and RoE to be upwards of 20 per cent over FY22-23. It remains positive on the company’s business model due to strong moats and growth opportunities. ICICI Securities maintains a buy rating with a DCF-based target price of Rs 1,198 (implied P/E 52x FY23E).
Financials
For the quarter ended 31-03-2021, the company has reported a Consolidated Total Income of Rs 3375.87 Crore, up 5.03 per cent from last quarter Total Income of Rs 3214.24 Crore and up 50.83 per cent from last year same quarter Total Income of Rs 2238.22 Crore. Company has reported net profit after tax of Rs 303.83 Crore in latest quarter.
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