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Havells India gets fundamental grade of 4/5 from ICRA Equity Research

05 Aug 2011 Evaluate

ICRA Equity Research has assigned fundamental grade of 4/5 for Havells India indicating strong fundamentals.

The company’s standalone revenues increased by 16% in Q1, FY12 as compared to corresponding previous, in line with the ICRA’s expectations. The growth in top-line was largely driven by the cables & wires and lighting & fixtures divisions that reported more than 20% growth over the previous fiscal.

Havells India is a billion dollar organization and India’s one of the largest and fastest growing electrical and power distribution equipment manufacturer.

Peers
Company Name CMP
Waaree Energies 2490.50
Apar Industries 16909.30
Havells India 1117.50
Suzlon Energy 41.20
Siemens 3660.20
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