Buy Hawkins Cooker; target of Rs 2457: Firstcall

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26 Aug, 2025 12:21

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Firstcall Research is bullish on Hawkins Cooker and has recommended buy rating on the stock with a target of Rs 2457 in its February 23, 2013 research report.

“Hawkins Cookers Limited has been in business since 1959. Today, it has two offices, three factories and about 900 persons working. It is the leader in the pressure cooker market in India and has exported its products since 1974 to various countries in each of the six continents of the world. Hawkins has sold over 50 million pressure cookers worldwide. Today, it makes 65 different models of pressure cookers in 8 different types. All Hawkins pressure cookers are listed by Underwriters Laboratories Inc., USA, a not-for-profit institution testing products for public safety.”

“The company’s net profit jumps to Rs.70.09 million against Rs.35.84 million in the corresponding quarter ending of previous year, an increase of 95.56percent. Revenue for the quarter increase 19.07percent to Rs.1048.19 million from Rs.880.35 million, when compared with the prior year period. Reported earnings per share of the company stood at Rs.13.25 a share during the quarter, registering 95.56percent increase over previous year period. Profit before interest, depreciation and tax is Rs.117.31 millions as against Rs.64.88 millions in the corresponding period of the previous year.”

“At the current market price of Rs.2194.00, the stock P/E ratio is at 34.63 x FY13E and 32.04 x FY14E respectively. Earning per share (EPS) of the company for the earnings for FY13E and FY14E is seen at Rs.63.36 and Rs.68.48 respectively. Net Sales and PAT of the company are expected to grow at a CAGR of 11percent and 4percent over 2011 to 2014E respectively. On the basis of EV/EBITDA, the stock trades at 21.11 x for FY13E and 19.59 x for FY14E. Price to Book Value of the stock is expected to be at 13.63 x and 9.56 x respectively for FY13E and FY14E. We recommend buy in this particular scrip with a target price of Rs.2457 for medium to long term investment,” says Firstcall Research report.

Public holding more than 90% in Indian cos

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