Sunday, February 21, 2010

Havells India

Havells India Limited


Havells India Ltd. is one of the largest & India's fastest growing electrical and power distribution equipment manufacturer with products ranging from Industrial & Domestic Circuit Protection Switchgear, Cables & Wires, Motors, Fans, Power Capacitors, CFL Lamps, Luminaires for Domestic, Commercial & Industrial applications, Modular Switches, & Bathfittings covering the entire gamut of household, commercial and industrial electrical needs.

Havells owns some of the prestigious global brands like Crabtree, Sylvania, Concord, Luminance, Linolite, & SLI Lighting.

Quarterly Results..

Havells India Q3 net profit up at Rs 58.9 cr

Its net sales were up at Rs 591 crore versus Rs 486 crore.

The company's trailing 12-month (TTM) EPS was at Rs 27.20 per share. (Sep, 2009)

Havells has now ventured into retailing through its initiative called ‘Havells Galaxy’ to provide one-shop solution to the consumer looking for electrical and bath fittings products.

Future Expansion..

Havells’ plans to extend its product portfolio by introducing CMH, a new generation lighting which has a high CRI (colour rendering index) and is considered the closest substitute for natural light.The company also wants to deepen its penetration in Western India.

Valuations..

Based on the growth plans & expansion in the future the stock does not look over valued and is trading at a PE of 14x times its estimated FY10 earnings. At the Current levels stock remains an attractive BUY for investors.


Research Team, Multibaggers.in

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