The Economic Times daily newspaper is available online now.

    Buy Whirlpool of India, target price Rs 1895: Arihant Capital Markets

    Synopsis

    For the quarter ended 30-09-2022, the company has reported a Consolidated Total Income of Rs 1633.88 Crore, down -22.66 % from last quarter's Total Income of Rs 2112.72 Crore and up 0.53 % from last year's same quarter total Income of Rs 1625.23 Crore.

    Buy Whirlpool of India, target price Rs 2000:  ICICI SecuritiesAgencies
    Promoters held 75.0 per cent stake in the company as of 30-Sep-2022, while FIIs owned 2.76 per cent, DIIs 12.49 per cent.
    Arihant Capital Markets has buy call on Whirlpool of India with a target price of Rs 1895. The current market price of Whirlpool of India is Rs 1490.75. Whirlpool of India, incorporated in the year 1960, is a Large Cap company (having a market cap of Rs 18877.89 Crore) operating in Consumer Durables sector.

    Whirlpool of India Ltd. 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 30-09-2022, the company has reported a Consolidated Total Income of Rs 1633.88 Crore, down -22.66 % from last quarter's Total Income of Rs 2112.72 Crore and up 0.53 % from last year's same quarter total Income of Rs 1625.23 Crore. Company has reported net profit after tax of Rs 49.02 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 30-09-2022, the company has a total of 13 Crore shares outstanding.

    Investment Rationale
    Whirlpool continues to launch innovative products through its parent technologies, grow its distribution network, make investments in R&D and Capex, shorten the replacement cycle, increase consumer affordability, and move towards premiumisation to drive growth going forward.

    Promoter/FII Holdings
    Promoters held 75.0 per cent stake in the company as of 30-Sep-2022, while FIIs owned 2.76 per cent, DIIs 12.49 per cent.



    (Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
    (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


    (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
    The Economic Times

    Stories you might be interested in