Whirlpool of India Ltd., incorporated in the year 1960, is a Large Cap company (having a market cap of Rs 29352.43 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 30-09-2021, the company reported a Consolidated Total Income of Rs 1625.23 Crore, up 19.98 % from last quarter Total Income of Rs 1354.61 Crore and down -.56 % from last year same quarter Total Income of Rs 1634.31 Crore. Company reported net profit after tax of Rs 405.19 Crore in latest quarter.
Investment Rationale
The brokerage models Whirlpool to report PAT CAGR of 28% over FY21-FY24E and RoCE to be upwards of 16% over FY23-24. It remains positive on company’s business model due to established competitive advantages and growth opportunities. It maintains ADD with a revised DCF-based TP of Rs2,500 (43x FY24E EPS).
Promoter/FII Holdings
Promoters held 75.0 per cent stake in the company as of 30-Sep-2021, while FIIs owned 2.66 per cent, DIIs 11.3 per cent.
(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
