WEBSITE BSE:517354 NSE: HAVELLSINDIA Inc. Year: 1983 Industry: Electric Equipment
Last updated: 15:55
Havells India Ltd is an electrical consumer goods company. The Company is engaged in production and dispensing equipment for domestic, business, and industrial programs. The Company operates thru segments inclusive of Cable, Switchgears, Electric Consumer Durables, Lighting & Fixtures, and Lloyd Consumer. Its merchandise range from commercial and domestic circuit protection switch gears, cables, pumps, solar products, enthusiasts, led lamps and luminaires for domestic, commercial, and business applications, modular switches, water heaters, cool...Read More
Havells India Ltd is an electrical consumer goods company. The Company is engaged in production and dispensing equipment for domestic, business, and industrial programs. The Company operates thru segments inclusive of Cable, Switchgears, Electric Consumer Durables, Lighting & Fixtures, and Lloyd Consumer. Its merchandise range from commercial and domestic circuit protection switch gears, cables, pumps, solar products, enthusiasts, led lamps and luminaires for domestic, commercial, and business applications, modular switches, water heaters, coolers, and home equipment, air cleaner, water cleanser, air conditioner, tv, washing gadget and refrigerator masking the whole variety of household, industrial and business electrical requirements. The Company's manufacturing centers are at faridabad in haryana, alwar, ghiloth and neemrana in Rajasthan, Haridwar in Uttarakhand, Sahibabad in Uttar Pradesh, Baddi in Himachal Pradesh. ...Read Less
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Market Cap ₹85181 Cr.
Stock P/E 57.9
P/B 9.5
Current Price ₹1358
Book Value ₹ 142.8
Face Value 1
52W High ₹1673.2
Dividend Yield 0.74%
52W Low ₹ 1250.2
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 3900 | 4414 | 5442 | 5806 | 4539 | 4889 | 6544 | 5455 | 4779 | 5588 |
| Other Income | 52 | 56 | 76 | 77 | 93 | 64 | 69 | 69 | 86 | 43 |
| Total Income | 3953 | 4470 | 5518 | 5884 | 4632 | 4953 | 6612 | 5525 | 4866 | 5631 |
| Total Expenditure | 3527 | 3981 | 4807 | 5234 | 4164 | 4462 | 5787 | 4940 | 4341 | 5072 |
| Operating Profit | 426 | 489 | 710 | 650 | 468 | 491 | 826 | 585 | 525 | 559 |
| Interest | 9 | 10 | 18 | 9 | 10 | 9 | 15 | 9 | 9 | 9 |
| Depreciation | 81 | 88 | 93 | 92 | 95 | 104 | 110 | 106 | 106 | 109 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -45 |
| Profit Before Tax | 335 | 391 | 599 | 549 | 363 | 377 | 701 | 470 | 410 | 396 |
| Provision for Tax | 86 | 103 | 153 | 141 | 95 | 99 | 184 | 122 | 96 | 108 |
| Profit After Tax | 249 | 288 | 447 | 408 | 268 | 278 | 517 | 348 | 313 | 289 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 6 | 12 |
| Profit After Adjustments | 249 | 288 | 447 | 408 | 268 | 278 | 518 | 348 | 319 | 301 |
| Adjusted Earnings Per Share | 4 | 4.6 | 7.1 | 6.5 | 4.3 | 4.4 | 8.3 | 5.5 | 5.1 | 4.8 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 8569 | 7613 | 6156 | 8146 | 10073 | 9440 | 10457 | 13938 | 16911 | 18590 | 21778 | 22366 |
| Other Income | 50 | 87 | 138 | 118 | 129 | 113 | 187 | 160 | 178 | 249 | 303 | 267 |
| Total Income | 8620 | 7699 | 6294 | 8264 | 10202 | 9554 | 10645 | 14099 | 17088 | 18839 | 22081 | 22634 |
| Total Expenditure | 7816 | 6818 | 5309 | 7074 | 8850 | 8380 | 8868 | 12165 | 15290 | 16709 | 19618 | 20140 |
| Operating Profit | 803 | 881 | 985 | 1190 | 1352 | 1174 | 1777 | 1934 | 1798 | 2130 | 2463 | 2495 |
| Interest | 96 | 91 | 42 | 54 | 55 | 51 | 90 | 67 | 55 | 84 | 72 | 42 |
| Depreciation | 139 | 134 | 121 | 140 | 149 | 218 | 249 | 261 | 296 | 339 | 400 | 431 |
| Exceptional Income / Expenses | 0 | 862 | -107 | -19 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -45 |
| Profit Before Tax | 569 | 1520 | 711 | 977 | 1147 | 904 | 1438 | 1607 | 1447 | 1707 | 1990 | 1977 |
| Provision for Tax | 184 | 219 | 229 | 304 | 359 | 169 | 393 | 410 | 375 | 437 | 520 | 510 |
| Profit After Tax | 385 | 1300 | 482 | 673 | 788 | 736 | 1044 | 1196 | 1072 | 1271 | 1470 | 1467 |
| Adjustments | 0 | -0 | 12 | -11 | -0 | -0 | 0 | 0 | 0 | 0 | 2 | 19 |
| Profit After Adjustments | 385 | 1300 | 495 | 662 | 788 | 735 | 1044 | 1196 | 1072 | 1271 | 1472 | 1486 |
| Adjusted Earnings Per Share | 6.2 | 20.8 | 7.9 | 10.6 | 12.6 | 11.8 | 16.7 | 19.1 | 17.1 | 20.3 | 23.5 | 23.7 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 17% | 16% | 18% | 10% |
| Operating Profit CAGR | 16% | 8% | 16% | 12% |
| PAT CAGR | 16% | 7% | 15% | 14% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -8% | 4% | 4% | 17% |
| ROE Average | 19% | 18% | 19% | 22% |
| ROCE Average | 26% | 25% | 27% | 29% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 1818 | 3028 | 3277 | 3729 | 4198 | 4312 | 5176 | 6003 | 6625 | 7447 | 8324 |
| Minority's Interest | 0 | 15 | 9 | 8 | 0 | 0 | 0 | 0 | 0 | 0 | 17 |
| Borrowings | 226 | 2 | 0 | 81 | 41 | 0 | 394 | 273 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 412 | 106 | 131 | 260 | 371 | 435 | 505 | 615 | 696 | 703 | 694 |
| Total Current Liabilities | 2317 | 1237 | 1575 | 2530 | 2540 | 2327 | 3054 | 3980 | 4170 | 4637 | 5218 |
| Total Liabilities | 4774 | 4387 | 5168 | 6608 | 7148 | 7073 | 9129 | 10870 | 11492 | 12787 | 14253 |
| Fixed Assets | 1541 | 1224 | 1244 | 2765 | 2904 | 3350 | 3290 | 3434 | 3621 | 3988 | 4652 |
| Other Non-Current Assets | 272 | 257 | 332 | 136 | 400 | 243 | 241 | 483 | 471 | 545 | 287 |
| Total Current Assets | 2961 | 2634 | 3234 | 3690 | 3826 | 3461 | 5597 | 6953 | 7390 | 8251 | 9310 |
| Total Assets | 4774 | 4387 | 5168 | 6608 | 7148 | 7073 | 9129 | 10870 | 11492 | 12787 | 14253 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 655 | 371 | 142 | 592 | 336 | 705 | 268 | 355 | 776 | 465 | 266 |
| Cash Flow from Operating Activities | 963 | 513 | 767 | 1100 | 501 | 827 | 660 | 1728 | 565 | 1953 | 1515 |
| Cash Flow from Investing Activities | -486 | 35 | -216 | -944 | 188 | -548 | -763 | -759 | 35 | -1614 | -302 |
| Cash Flow from Financing Activities | -754 | -621 | -98 | -409 | -318 | -716 | 190 | -547 | -907 | -534 | -669 |
| Net Cash Inflow / Outflow | -278 | -73 | 454 | -253 | 372 | -437 | 87 | 422 | -307 | -195 | 545 |
| Closing Cash & Cash Equivalent | 379 | 142 | 592 | 336 | 705 | 268 | 355 | 776 | 465 | 266 | 807 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 6.17 | 20.82 | 7.91 | 10.6 | 12.59 | 11.75 | 16.68 | 19.1 | 17.11 | 20.28 | 23.48 |
| CEPS(Rs) | 8.39 | 22.97 | 9.64 | 13.02 | 14.99 | 15.24 | 20.66 | 23.27 | 21.83 | 25.68 | 29.84 |
| DPS(Rs) | 3 | 6 | 3.5 | 4 | 4.5 | 4 | 6.5 | 7.5 | 7.5 | 9 | 10 |
| Book NAV/Share(Rs) | 29.12 | 48.47 | 52.44 | 59.66 | 67.1 | 68.89 | 82.68 | 95.84 | 105.72 | 118.72 | 132.51 |
| Core EBITDA Margin(%) | 7.99 | 9.92 | 12.8 | 12.87 | 12.06 | 11.15 | 15.09 | 12.65 | 9.52 | 10.06 | 9.87 |
| EBIT Margin(%) | 7.05 | 20.1 | 11.38 | 12.38 | 11.86 | 10.05 | 14.5 | 11.93 | 8.83 | 9.58 | 9.42 |
| Pre Tax Margin(%) | 6.04 | 18.96 | 10.75 | 11.73 | 11.31 | 9.51 | 13.65 | 11.45 | 8.5 | 9.13 | 9.09 |
| PAT Margin (%) | 4.09 | 16.23 | 7.29 | 8.09 | 7.77 | 7.74 | 9.92 | 8.53 | 6.3 | 6.8 | 6.72 |
| Cash Profit Margin (%) | 5.56 | 17.9 | 9.11 | 9.77 | 9.24 | 10.03 | 12.28 | 10.39 | 8.04 | 8.61 | 8.54 |
| ROA(%) | 7.63 | 28.39 | 10.09 | 11.44 | 11.46 | 10.34 | 12.89 | 11.97 | 9.59 | 10.47 | 10.87 |
| ROE(%) | 22.12 | 53.67 | 15.3 | 19.23 | 19.88 | 17.29 | 22.02 | 21.41 | 16.98 | 18.07 | 18.67 |
| ROCE(%) | 26.8 | 59.62 | 22.65 | 28.13 | 29.56 | 22.11 | 30.49 | 27.74 | 23.07 | 25.46 | 26.16 |
| Receivable days | 31.43 | 19.56 | 12.87 | 12.23 | 13.21 | 12.44 | 13.96 | 17.31 | 18.66 | 20.88 | 20.2 |
| Inventory Days | 55.36 | 50.11 | 49.11 | 56.49 | 63.92 | 72.77 | 77.83 | 72.71 | 71.59 | 69.47 | 62.15 |
| Payable days | 71.53 | 57.74 | 59.24 | 75.83 | 78.83 | 74.5 | 76.44 | 79.64 | 80.9 | 79.95 | 73.91 |
| PER(x) | 49.44 | 15.48 | 59.16 | 46.03 | 61.23 | 40.84 | 62.93 | 60.4 | 69.47 | 74.71 | 65.05 |
| Price/Book(x) | 10.48 | 6.65 | 8.93 | 8.18 | 11.49 | 6.97 | 12.7 | 12.04 | 11.24 | 12.76 | 11.53 |
| Dividend Yield(%) | 0.98 | 1.86 | 0.75 | 0.82 | 0.58 | 0.83 | 0.62 | 0.65 | 0.63 | 0.59 | 0.65 |
| EV/Net Sales(x) | 2.18 | 2.47 | 4.47 | 3.57 | 4.67 | 3.07 | 6.17 | 5.03 | 4.29 | 4.94 | 4.24 |
| EV/Core EBITDA(x) | 23.27 | 21.33 | 27.91 | 24.4 | 34.77 | 24.65 | 36.34 | 36.25 | 40.36 | 43.14 | 37.51 |
| Net Sales Growth(%) | 4.69 | -11.17 | -19.14 | 32.34 | 23.65 | -6.29 | 10.77 | 33.29 | 21.32 | 9.93 | 17.15 |
| EBIT Growth(%) | -4.56 | 142.28 | -53.26 | 36.95 | 16.64 | -20.53 | 59.84 | 9.55 | -10.24 | 19.27 | 15.12 |
| PAT Growth(%) | -13.65 | 237.41 | -62.92 | 39.68 | 17 | -6.64 | 41.97 | 14.57 | -10.43 | 18.57 | 15.7 |
| EPS Growth(%) | -13.72 | 237.22 | -61.98 | 33.89 | 18.83 | -6.68 | 41.97 | 14.52 | -10.45 | 18.53 | 15.82 |
| Debt/Equity(x) | 0.23 | 0.04 | 0.06 | 0.03 | 0.02 | 0.01 | 0.09 | 0.07 | 0 | 0 | 0 |
| Current Ratio(x) | 1.28 | 2.13 | 2.05 | 1.46 | 1.51 | 1.49 | 1.83 | 1.75 | 1.77 | 1.78 | 1.78 |
| Quick Ratio(x) | 0.69 | 1.46 | 1.45 | 0.81 | 0.75 | 0.68 | 0.97 | 1 | 0.88 | 1.04 | 1.01 |
| Interest Cover(x) | 6.94 | 17.7 | 17.96 | 19.19 | 21.76 | 18.61 | 16.96 | 25.01 | 27.28 | 21.28 | 28.64 |
| Total Debt/Mcap(x) | 0.02 | 0.01 | 0.01 | 0 | 0 | 0 | 0.01 | 0.01 | 0 | 0 | 0 |
| # | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 59.43 | 59.43 | 59.43 | 59.41 | 59.41 | 59.41 | 59.41 | 59.38 | 59.38 | 59.38 |
| FII | 24.19 | 23.96 | 24.83 | 25.33 | 24.76 | 23.46 | 22.31 | 21.59 | 19.28 | 17.97 |
| DII | 9.48 | 10.11 | 9.88 | 9.55 | 10.24 | 11.56 | 12.76 | 13.36 | 15.52 | 16.7 |
| Public | 6.9 | 6.5 | 5.85 | 5.71 | 5.59 | 5.57 | 5.52 | 5.67 | 5.81 | 5.95 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 37.25 | 37.25 | 37.25 | 37.25 | 37.25 | 37.25 | 37.25 | 37.25 | 37.25 | 37.25 |
| FII | 15.16 | 15.01 | 15.56 | 15.88 | 15.52 | 14.71 | 13.99 | 13.54 | 12.09 | 11.27 |
| DII | 5.94 | 6.34 | 6.19 | 5.99 | 6.42 | 7.25 | 8 | 8.38 | 9.74 | 10.48 |
| Public | 4.32 | 4.07 | 3.67 | 3.58 | 3.51 | 3.49 | 3.46 | 3.56 | 3.64 | 3.73 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 62.67 | 62.67 | 62.67 | 62.69 | 62.69 | 62.69 | 62.69 | 62.72 | 62.72 | 62.73 |
* The pros and cons are machine generated.
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