Whirlpool of India: Buy Whirlpool of India, target price Rs 3020: Motilal Oswal

Motilal Oswal has a buy call on with a target price of Rs 3020. The current price of Whirlpool of India is Rs 2130.7.

Whirlpool of India, incorporated in the year 1960, is a Large Cap company with a market cap of Rs 27024.33 Crore, operating in consumer durables sector.

Whirlpool of India key Products/Revenue Segments include Domestic Appliances, Sale of services and Export Incentives for the year ending 31-Mar-2020.

Financials

For the quarter ended 31-12-2020, the company has reported a consolidated total income of Rs 1522.34 Crore, down 6.85 per cent from last quarter’s total income of Rs 1634.31 Crore and up 16.15 per cent from last year same quarter’s total income of Rs 1310.69 Crore. Company has reported net profit after tax of Rs 64.37 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 75 per cent stake in the company as of Dec 30, 2020, while FIIs held 3.4 per cent, DIIs 11.3 per cent and public and others 10.4 per cent.

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