Whirlpool of India with a target price of Rs 3020. The current market price of Whirlpool of India Ltd. is Rs 2464.9.
Whirlpool of India Ltd., incorporated in the year 1960, is a Large Cap company (having a market cap of Rs 31264.39 Crore) operating in Consumer Durables sector.
Financials For the quarter ended 31-12-2020, the company reported a Consolidated sales of Rs 1493.98 Crore, down 6.60 % from last quarter Sales of Rs 1599.47 Crore and up 17.52 % from last year same quarter Sales of Rs 1271.24 Crore Company reported net profit after tax of Rs 64.37 Crore in latest quarter.
The brokerage likes Whirlpool as a strong franchise in the Indian Consumer Durables market. Though the competitive intensity remains high with the entry of domestic players like Lloyd and Voltbek, it expects the management to be aggressive in defending its market share. The company has an advantage given the work carried out on the distribution side over the past 4-5 years towards penetrating Tier II/II