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http://www.thehindubusinessline.com/portfolio/firm-calls/havells-india-buy/article9581572.ece
Nice recent articles on Lloyd acquisition and the road ahead.
Rgds
RR
This is another storm brewing for the company
Q4 results announced and looks good.
Any idea why promoter decreased their stake? They had sold some 2 % worth recently…
Q2 '19 results
Scuttlebutt suggests their business is growing well in new segments like Water Purifier but valuation is high IMO.
Any thoughts?
@anandrkris business seems to be growing well with tremendous tailwinds too. But why did the promoter decrease his stake?? any idea??
Sorry, just started analyzing this scrip today. Will post if I find anything from my research. 
Where did you get the news from ?
The promoter holding is constant at 59.55% in the last 3 quarters as per their filing with BSE.
@vijaydosapati look beyond last 3 quarters it has fallen slowly from 61.88 to what it is now.
Friends, what makes Havells such an expensive stock despite average growth of 17% as per FY18 annual report over last 5 years. Is it because of the dividend payout.
Lloyd launches India’s fastest cooling Air Conditioners‐ ‘Grande Series’ Ropes in Bollywood’s “Power Pack” couple Ranveer Singh & Deepika Padukone as brand ambassadors
It has consistently grown for past decades. The growth will accelerate further because of acquisition. Has a very strong balance sheet. It given 37% CAGR returns for last 25 years. A very rare feat.
For the full financial year 2018-19, Havells’ net profit was Rs 791.52 crore. It was Rs 712.52 core in 2017-18.
Total income for 2018-19 stood at Rs 10,185.17 crore. It was Rs 8,377.26 crore in 2017-18.
Very Bad Q4 results; Kotak’s target on this is reduced to 530. Goldman Sachs at 700.
Havells results are reflecting weakness in underlying demand. With weak trends continuing even in April and May (As per con-call), the first quarter results also will be challenging.
Lloyds have been a big disappointment on results and taking up a lot of working capital; Fans, Lighting and Switch gear hasn’t done well. Wires business is keeping up.
Don’t know why it still trades at 50x FY20 earnings. (At best we can assume a 15% revenue growth in medium term);
Havells India – A weak March quarter, moderation in growth outlook and a pricey stock
Switchgear and Cables see hardly any growth.
Q2 results don’t show any major change Seems Lloyd Consumer business hit it bad in the quarter
The entire sales decline in Lloyd is attributed to loss in LED panels. The industry is experiencing aggressive competitive landscape in LED Panels and substantial decline in prices. Revenue in Lloyd impacted due to industry-wide disruption in LED panels. Q2 & Q3 are lean season for ACs, accentuating impact of LED decline on composite Lloyd sales.
Q2 (YoY)
Revenues up 2% at Rs 2230 cr vs Rs 2191 cr
Net profit up 1% at Rs 181 cr vs Rs 179 cr
EBITDA down 11% at Rs 233 cr vs Rs 263 cr
Margins at 10.4% vs 12.0%
