Havells India shares down 0.24% as Nifty gains

NEW DELHI: Shares of Havells India Ltd. traded 0.24 per cent down in Monday's trade at 12:45PM (IST). Around 4,467 shares changed hands on the counter.

The counter opened at Rs 1200.05 and touched an intraday high and low of Rs 1214.4 and Rs 1196.8, respectively, in the session so far. The stock of Havells India Ltd. quoted a 52-week high of Rs 1405.85 and a 52-week low of Rs 1058.7.

As per BSE, the total market cap of the Havells India Ltd. stood at Rs 75472.5 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 corresponding quarter last year.

Shareholding pattern
As of 31-Mar-2023, DIIs held 3.91 per cent stake in the company, while foreign institutional investors held 23.11 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.