Share price of Havells India Ltd. dropped 2.14 per cent to Rs 500.25 at 02:03PM (IST) in Thursday’s trade. The counter hit a high of Rs 506.25 and low of Rs 493.2 so far during the session. The stock had closed at Rs 511.2 in the previous session.
The counter had a total traded volume of 43,640 shares so far with a turnover of Rs 2.17 crore on BSE. The stock traded at a price-to-earnings multiple of 42.42 and a price-to-book ratio of 7.24.
A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.
The price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.
Havells India Ltd. belongs to the Electronics/Electricals industry.
Promoters held 59.52 per cent stake in the company as of 31-Mar-2020, while overseas investors and domestic institutional investors ownership stood at 23.04 per cent and 3.18 per cent, respectively.
The company reported consolidated net sales of Rs 2217.44 crore for the quarter ended 31-Mar-2020, down 2.46 per cent from the previous quarter’s Rs 2273.29 crore and down 19.51 per cent from the year-ago quarter’s Rs 2754.77 crore.
Its profit for the latest quarter stood at Rs 177.73 crore, down 10.67 per cent from the same quarter a year ago.