Havells Rating
MACQUARIE ON HAVELLS : 21.05.2021
* MAINTAIN OUTPERFORM TARGET: 1,276
* Havells balancesheet remains healthy, with net cash of Rs 1,400 cr vs Rs 1,000 cr in FY20, co is well-placed to deliver industry leading growth, Macquarie says
* Marginal Revenue Miss; Healthy Margin
* Key Surprise Is Solid Cable Segment Margin That Expanded QoQ
* Margin in Other Segments Declined QoQ Owing To Higher Commodity Prices
* B/S Remains Healthy, With Net Cash Of 1,400 Cr Vs 1,000 Cr In FY20
* Well Placed To Deliver Industry Leading Growth
CLSA ON HAVELLS : 21.05.2021
* MAINTAIN SELL TARGET: 960
* Weak demand & margin pressure to affect Havells near-term performance, CLSA maintains SELL on the stock
* Weak Demand & Margin Pressure To Affect Near-term Performance
* Management Cautioned On Near term Margin Pressure
MACQUARIE ON HAVELLS INDIA : 21.05.2021
* Maintain Outperform, Target at Rs 1,276/share
* Marginal revenue miss; healthy margins
* With diversified revenue mix, company has leadership in electrical category
* Havells is well placed to deliver industry-leading growth
