Havells India shares up 0.46% as Nifty gains

NEW DELHI: Shares of Havells India Ltd. traded 0.46 per cent up in Tuesday's trade at 01:19PM (IST). Around 3,349 shares changed hands on the counter.

The scrip opened at Rs 1333.35 and touched an intraday high and low of Rs 1338.3 and Rs 1315.0, respectively, in the session so far. Shares of the company of Havells India Ltd. quoted a 52-week high of Rs 1471.75 and a 52-week low of Rs 1128.1.

Total market cap of the Havells India Ltd. stood at Rs 83753.05 crore at the time of writing this report.

Key Financials
The company reported consolidated sales of Rs 4469.75 crore for the quarter ended 31-Dec-2023, up 13.08 per cent from previous quarter's Rs 3952.81 crore and up 7.26 per cent from the year-ago quarter's Rs 4167.21 crore.

The net profit for latest quarter stood at Rs 287.91 crore, up 1.55 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Dec-2023, domestic institutional investors held 3.81 per cent stake in the firm, while foreign institutional investors held 23.96 per cent and the promoters 59.43 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 70.85 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.

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