Time period given by analyst is one year when Whirlpool of India Ltd. price can reach defined target.
Whirlpool of India Ltd., incorporated in the year 1960, is a Large Cap company (having a market cap of Rs 30152.99 Crore) operating in Consumer Durables sector.
Whirlpool of India Ltd. key Products/Revenue Segments include Domestic Appliances, Sale of services and Export Incentives for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 1354.61 Crore, down -24.43 % from last quarter Total Income of Rs 1792.54 Crore and up 30.10 % from last year same quarter Total Income of Rs 1041.24 Crore. Company reported net profit after tax of Rs 23.34 Crore in latest quarter.
Investment Rationale
Whirlpool of India (WIL) is engaged in manufacturing and selling of Refrigerators, Washing Machines, Air Conditioners, Microwave Ovens, built in and Small appliances and caters to both domestic and international markets. WIL’s product portfolios presence in the lower penetration category, which would lead to higher growth. Further, increasing focus on emerging categories like water purifier, AC and Kitchen Hoods & Hobs and feeling product portfolio gap by launching products. Going forward, the brokerage expects healthy profitability on the back of a strong brand, wide distribution network, capacity expansion & strengthening product portfolio.
Promoter/FII Holdings
Promoters held 75 per cent stake in the company as of June 30, 2020, while FIIs held 3.1 per cent, DIIs 10.8 per cent and public and others 11.1 per cent.
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