Havells India shares down 0.91% as Nifty drops

NEW DELHI: Shares of Havells India Ltd. traded 0.91 per cent down in Thursday's trade at 01:48PM (IST). Around 4,477 shares changed hands on the counter.

The stock opened at Rs 1214.4 and touched an intraday high and low of Rs 1217.5 and Rs 1200.9, respectively, in the session so far. Shares of the company of Havells India Ltd. quoted a 52-week high of Rs 1405.85 and a 52-week low of Rs 1037.8.

As per BSE, the total market cap of the Havells India Ltd. stood at Rs 75478.76 crore at the time of writing this report.

Key Financials
The company reported consolidated sales of Rs 4167.21 crore for the quarter ended 31-Dec-2022, up 11.92 per cent from previous quarter's Rs 3723.26 crore and up 12.23 per cent from the year-ago quarter's Rs 3713.05 crore.

The net profit for latest quarter stood at Rs 283.52 crore, down 7.29 per cent from the same quarter a year ago.

Shareholding pattern
As of 31-Dec-2022, domestic institutional investors held 3.98 per cent stake in the firm, while foreign institutional investors held 22.6 per cent and the promoters 59.45 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 70.79 and a price-to-book ratio of 12.04. 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.