Havells India shares down 1.42% as Nifty gains

NEW DELHI: Shares of Havells India Ltd. traded 1.42 per cent down in Monday's trade at 01:08PM (IST). Around 35,360 shares changed hands on the counter.

The stock opened at Rs 1589.95 and touched an intraday high and low of Rs 1589.95 and Rs 1531.8, respectively, in the session so far. The stock of Havells India Ltd. quoted a 52-week high of Rs 1590.9 and a 52-week low of Rs 1128.1.

As per BSE, the total market cap of the Havells India Ltd. stood at Rs 97386.54 crore at the time of writing this report.

Key Financials
The company reported consolidated net 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 same quarter a year ago.

Shareholding pattern
As of 31-Dec-2023, DIIs held 3.81 per cent stake in the company, 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 82.38 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.