Multibagger Stock – Havells India


Havells India is an Electrical Equipment Industry founded in1958 in New Dehi by Qimat Roy Gupta now it working Nodia as Head quarters.

It’s traditional category of products Industrial & domestic circuit protection switchgear, cables & wires, motors, fans, power capacitors, compact fluorescent lamps (CFL), luminaries for domestic, commercial & industrial applications, modular switches covering household, commercial and industrial electrical needs, water heater and domestic appliances.

Havells India is having 12 manufacturing plants in India are located at Haridwar, Baddi, Noida, Faridabad, Alwar, Neemrana, and 6 manufacturing plants are located across Europe, Latin America & Africa. It has a 20,000 strong global distribution network.

Havells India has registered decent numbers for the quarter ending September 2012. The revenue for the September 2012 quarter is pegged at Rs.964.22 crore; about 13% up against Rs.850.39 crores recorded during the year-ago period; despite degrowth in industrial cable division without which growth in revenue is 24%. In service profit remained flat at Rs.119.16 crores due to higher advertisement and sales promotion expenses. The advertisement cost was Rs.34.8 crores in Q2FY13 as compared to Rs.14.2 crores in Q2FY12. The net profit reported a growth of about 24% to Rs.86.97 crores from Rs.70.24 crores.

The Revenues from the switchgear business grew 15% at Rs.255.12 crores as against Rs.221.77 crores y-o-y.

The Industrial cable division registered a decline of 16% on a y-o-y basis due to slower industrial and commercial activities.

The Domestic cable has registered a growth of 42%. Collectively cable division has grown by 6% during the quarter.

The Revenues from Lighting & Fixtures business climbed 14% on a y-o-y basis at Rs.156.11 crores.

The Electrical Consumer Durables revenues jumped sharply by 33% at Rs.162.34 crores on a yearly basis.

The Company is trading at an attractive valuation at 19.93x and 16.42x of FY13EPS of Rs.33.78 and FY14EPS of Rs.40.99

We Bet to Grab the Share around 630 for Target 800 in Time Period of 6-9 Months.