Greetings Finance Enthusiasts!
Team VittNivesh is here with a fresh equity report on Havells India Limited- if you haven’t heard about it you are probably living under a rock.
A prominent name in every Indian household- Havells is one of the few brands that every Indian reaches out to. With their niche tagline & motive- ‘ Hawa Badlegi’, Havells is indeed bringing a change in the electronics industry. With a strong brand recall & brand presence even at the grass root levels, Havells has well positioned itself in the market.
HIL has a strong presence in domestic electrical appliances and equipment market with a diversified product portfolio in switchgears, cables, electrical consumer durables and lighting & fixtures segments.
The company went through some obvious shocks due to the pandemic, impacting its sales & operating profit numbers. But the electrical industry in India is expected to provide sustainable growth on a long-term basis. Havells has a strong liquidity position and is well-positioned in terms of its working capital to ride out the disruption caused by COVID-19.
Let’s dig in deeper together & enjoy reading !