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

has purchase name on with a target price of Rs 1895. The present market price of Whirlpool of India is Rs 1490.75. Whirlpool of India, integrated within the yr 1960, is a Large Cap firm (having a market cap of Rs 18877.89 Crore) working in Consumer Durables sector.

Whirlpool of India Ltd. key Products/Revenue Segments embrace Domestic Appliances, Sale of companies and Export Incentives for the yr ending 31-Mar-2022.


For the quarter ended 30-09-2022, the corporate has reported a Consolidated Total Income of Rs 1633.88 Crore, down -22.66 % from final quarter’s Total Income of Rs 2112.72 Crore and up 0.53 % from final yr’s similar quarter complete Income of Rs 1625.23 Crore. Company has reported internet revenue after tax of Rs 49.02 Crore in newest quarter.

The firm’s high administration consists of 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 corporate has a complete of 13 Crore shares excellent.

Investment Rationale
Whirlpool continues to launch modern merchandise by its mum or dad applied sciences, develop its distribution community, make investments in R&D and Capex, shorten the alternative cycle, enhance shopper affordability, and transfer in the direction of premiumisation to drive development going ahead.

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

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