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Buy Havells India, target Rs 744: Kunal Bothra

Buy Havells India Ltd. at a price target of Rs 744.0 and a stoploss at Rs 690 from entry point.

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Last Updated: Nov 08, 2019, 08.55 AM IST|Original: Nov 08, 2019, 08.43 AM IST
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Independent analyst Kunal Bothra has a buy call on Havells India Ltd. with a target price of Rs 744. The current market price of Havells India Ltd. is Rs 710.45. Time period given by the analyst is Intra Day when Havells India Ltd. price can reach the defined target. Kunal Bothra recommended to keep stoploss at Rs 690. Havells India Ltd., incorporated in 1983, has a market cap of Rs 44460.16 crore.

Havells India Ltd. key Products/Revenue Segments include Cables which contributed Rs 3232.72 Crore to Sales Value (32.14 % of Total Sales), Electrical Consumer Durables which contributed Rs 1981.48 Crore to Sales Value (19.70 % of Total Sales), Others which contributed Rs 1855.56 Crore to Sales Value (18.44 % of Total Sales), Domestic Switchgears which contributed Rs 1656.27 Crore to Sales Value (16.46 % of Total Sales), Light Fittings & Fixture which contributed Rs 1292.67 Crore to Sales Value (12.85 % of Total Sales), Other Operating Revenue which contributed Rs 28.73 Crore to Sales Value (0.28 % of Total Sales), Export Incentives which contributed Rs 10.19 Crore to Sales Value (0.10 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 2232.65 Crore, down -17.82 % from last quarter Sales of Rs 2716.88 Crore and up 1.76 % from last year same quarter Sales of Rs 2194.13 Crore Company has reported net profit after tax of Rs 179.51 Crore in latest quarter. The company’s top management includes Dr.Adarsh Kishore, Mr.Ameet Kumar Gupta, Mr.Anil Rai Gupta, Mr.Jalaj Ashwin Dani, Mr.Puneet Bhatia, Mr.Rajesh Kumar Gupta, Mr.Siddhartha Pandit, Mr.Surender Kumar Tuteja, Mr.Surjit Kumar Gupta, Mr.T V Mohandas Pai, Mr.Upendra Kumar Sinha, Mr.Vellayan Subbiah, Mr.Vijay Kumar Chopra, Mrs.Pratima Ram. Company has S R Batliboi & Co. LLP as its auditoRs As on 30-06-2019, the company has a total of 625,802,834 shares outstanding.

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