Havells India shares up 3.1% as Nifty gains

NEW DELHI: Shares of Havells India Ltd. traded 3.1 per cent up in Thursday's trade at 10:10AM (IST). Around 21,202 shares changed hands on the counter.

The scrip opened at Rs 1316.95 and touched an intraday high and low of Rs 1352.8 and Rs 1308.05, 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 1058.7.

Total market cap of the Havells India Ltd. stood at Rs 84534.96 crore at the time of writing this report.

Key Financials
The company reported consolidated sales of Rs 4905.92 crore for the quarter ended 31-Mar-2023, up 17.73 per cent from previous quarter's Rs 4167.21 crore and up 9.74 per cent from the year-ago quarter's Rs 4470.37 crore.

The net profit for latest quarter stood at Rs 358.04 crore, up 1.58 per cent from the same quarter a year ago.

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 78.88 and a price-to-book ratio of 11.24. 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.