Havells India's intrinsic value using Intellectual Capital analysis

Havells India

BSE : 517354

|

NSE : HAVELLS

Industry : Elec Equipment

|

ISIN : INE176B01034

|

FreeFloat : 34.63%

|

FnO : Yes

|

LotSize : 500

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Intellectual Capital (IC)	13,542.35
Net Worth (NW)	6,456.79
Intrinsic Worth (IW)	19,999.14
Market Cap (MC)	68,912.94
Economic Value Added	41.02

Discount Rate	%
Liquidity Premium	%

Knowledge Basis (IC/IW)	67.71%
IC Gross Margin (EBITDA/IC)	14.55%
IC Net Margin (NPT/IC)	8.81%
Knowledge Turnover (Sales/IC)	1.33
Market to Intrinsic Value (MC/IW)	3.45

As Of	Intrinsic Value	Market Price
31 Dec 2022	Rs. 319.22	Rs. 1,099.95
20 Mar 2023	----	Rs. 1,172.70
20 Mar 2023	----	-20.50 -1.75%

Fundamental - medium term		Technical - near term		Combined outlook
EVA > 0 : Yes	Buy	10 DMA : Rs. 1,199.25	Sell	Avoid
KB > 50% : Yes		50 DMA : Rs. 1,196.87
0 < M2IV < 1 : No		Vol-Price trend : Falling
Disclaimer: Stock outlook is based on data calculations only and does NOT constitute investment advice.

Question 3 - Is this stock undervalued?

Question 2 - Does this business have significant knowledge assets?

Question 1 - Is this business generating enough profits to cover its cost of capital?

* EVA is a registered trademark of Stern Stewart and Co.

Quarterly Results (Rs. Cr)

Quarter

Type*

Sales

Income

EBITDA

EBIT

PBT

PAT

NPT

Mar-20
C
2217.44
2238.22
265.23
202.72
198.12
177.73
178.57

Jun-20
C
1483.40
1515.66
163.76
103.35
86.63
63.98
63.13

Sep-20
C
2459.49
2538.99
501.44
442.34
425.07
326.36
326.50

Dec-20
C
3175.20
3214.24
549.10
484.70
469.52
350.14
350.47

Mar-21
C
3339.21
3375.87
544.84
479.84
456.33
303.83
303.71

Jun-21
C
2609.97
2644.17
389.51
327.92
316.97
235.78
236.19

Sep-21
C
3238.04
3271.33
478.26
415.90
404.79
302.39
302.28

Dec-21
C
3664.21
3713.05
489.05
422.85
410.55
305.82
306.00

Mar-22
C
4426.26
4470.37
564.04
493.30
474.25
352.48
352.66

Jun-22
C
4244.46
4292.05
409.12
337.05
327.29
243.16
243.00

Sep-22
C
3679.49
3723.26
330.62
258.52
251.69
187.01
186.67

Dec-22
C
4127.57
4167.21
463.25
388.67
381.39
283.52
284.08

* C - Consolidated, S - Standalone