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    Buy Whirlpool of India, target price Rs 1600: ICICI Securities

    Synopsis

    Whirlpool of India, incorporated in the year 1960, is a Large Cap company (having a market cap of Rs 17057.92 Crore) operating in Consumer Durables sector.

    Whirlpool​ETMarkets.com
    The brokerage models Whirlpool to report revenue and PAT CAGRs of 14% and 22.1% over FY22-FY25E respectively.
    ICICI Securities has buy call on Whirlpool of India with a target price of Rs 1600. The current market price of Whirlpool of India is Rs 1271.9.

    Whirlpool of India, incorporated in the year 1960, is a Large Cap company (having a market cap of Rs 17057.92 Crore) operating in Consumer Durables sector.

    Whirlpool of India key Products/Revenue Segments include Domestic Appliances, Sale of services and Export Incentives for the year ending 31-Mar-2022.

    Financials
    For the quarter ended 31-12-2022, the company has reported a Consolidated Total Income of Rs 1343.43 Crore, down -17.78 % from last quarter Total Income of Rs 1633.88 Crore and down -13.87 % from last year same quarter Total Income of Rs 1559.71 Crore. Company has reported net profit after tax of Rs 26.71 Crore in latest quarter.

    The company’s top management includes Mr.Arvind Uppal, Mr.Vishal Bhola, Mr.Arumalla Hari Bhavanarayana Reddy, Mr.Anil Berera, Mrs.Sonu Halan Bhasin, Mr.Rahul Bhatnagar, Mr.Pradeep Jyoti Banerjee. Company has MSKA & Associates as its auditors. As on 31-12-2022, the company has a total of 13 Crore shares outstanding.

    Investment Rationale
    The brokerage models Whirlpool to report revenue and PAT CAGRs of 14% and 22.1% over FY22-FY25E respectively. The brokerage remains positive on the company’s business model due to its established competitive advantages and growth opportunities.

    Promoter/FII Holdings
    Promoters held 75 per cent stake in the company as of 31-Dec-2022, while FIIs owned 3.11 per cent, DIIs 12.43 per cent.



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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