Consumer durable goods are goods that do not wear out quickly and usually have a lifespan that is longer than a few years. When you buy consumer durable stocks, you are essentially purchasing a piece of ownership in the companies that manufacture and supply consumer durable goods. However, have you ever wondered if it is worth investing in their stocks? Find out the top five consumer durable stocks in this blog!
We have curated a list of the five best consumer durable stocks you should consider investing in. So dive in to check out more details.
1. Bajaj Electricals
Founded in 1938, Bajaj Electricals caters to kitchen and domestic appliances, fans, and other non-electrical kitchen appliances. This mid-cap company has significantly reduced its debt in the past year and is virtually debt-free.
This consumer-centric company has become a household name over the past 85 years by providing innovative and sustainable products. It has also reported a 13.1% Y-O-Y growth, which means the growth potential of your capital is high.
As of 29th January 2024:
Market Cap: Rs. 11,956.56 Cr. (around $143,478,720,000)
Share Price: Rs. 1,038.80 (around $12.47)
2. Hawkins Cookers
Hawkins Cookers is a small-cap consumer durables company that came into the market with its high-quality pressure cookers. It is recognised as one of the top brands in the pressure cooker market.
This company has sold over 105 million pressure cookers and cookware across the world, and it now has a total of three factories and two offices.
This company has maintained a healthy Return On Capital Employed (ROCE) of 51.15%, demonstrating its finesse in generating profits from its capital.
As of 29th January 2024:
Market Cap: Rs. 11,956.56 Cr. (around $143,478,720,000)
Share Price: Rs. 7, 248.00 (around $86.98)
3. Blue Star
Blue Star is a mid-cap company that is a leading player in Heating, Ventilation, Air conditioning and Commercial Refrigeration (HVAC&R) with eight decades of experience in the market. This company has a network of 30 offices and 8000+ retail stores.
Blue Star has also shown a spectacular profit growth rate of 44.75% over the past three years. Blue Star inaugurated a world-class innovation center in Thane in FY23 with a great focus on developing energy-efficient and environment-friendly systems.
As of 29th January 2024:
Market Cap: Rs. 22,183.78 Cr. (around $266,205,360,000)
Share Price: Rs. 1,078.90 (around $12.95)
4. Havells
Havells is a large-cap company that has about 20 product verticals. With a strong presence in the market with its 35 branch offices and 17,000+ dealer network, this company is committed to delivering sustainable and world-class quality products.
Having reduced its debt, this company is also virtually debt-free and has displayed a steady revenue growth rate of 21.39% for the past three years.
As of 29th January 2024:
Market Cap: Rs. 82,591.70 Cr. (around $991,100,400,000)
Share Price: Rs. 1,317.90 (around $15.81)
5. Crompton Greaves Consumer Electricals
With a presence of 85+ years in the market, Crompton Greaves Consumer Electricals is a mid-cap company that deals in both consumer electricals and lighting.
It has a turnover ratio of 10.28, depicting its expertise in utilising its assets. Crompton offers a diverse range of products that are not only durable but also aesthetic. It has also launched “Project Udaan” with an aim to supply high-quality products at the lowest possible costs to improve affordability!
As of 29th January 2024:
Market Cap: Rs. 19,263.46 Cr. (around $231,161,520,000)
Share Price: Rs. 300.90 (around $3.61)
Conclusion
These are some of the current leading consumer durable stocks in the stock market. With these companies focusing on innovation, sustainability and energy efficiency, which is the need of the hour, they are likely to play a vital role in this sector. If you are a consumer durables sector enthusiast, these are some of the stocks you should consider investing in.
Featured image credit: Nicholas Cappello/Unsplash
