Havells India

₹1522.9 61.5 | 4.2%

WEBSITE BSE:517354 NSE : HAVELLSINDIA 18 Mar, 16:01

Market Cap ₹95477 Cr.

Stock P/E 75.1

P/B 11.8

Current Price ₹1522.9

Book Value ₹ 128.7

Face Value 1

52W High ₹2105

Dividend Yield 0.59%

52W Low ₹ 1380.6

Edit Ratio

Havells India Research see more...

Overview Inc. Year: 1983Industry: Electric Equipment

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.

Havells India Share Price

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Peer Comparison

Havells India Quarterly Results

#(Fig in Cr.)	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Net Sales	3679	4128	4859	4834	3900	4414	5442	5806	4539	4889
Other Income	44	40	47	65	52	56	76	77	93	64
Total Income	3723	4167	4906	4899	3953	4470	5518	5884	4632	4953
Total Expenditure	3393	3704	4332	4432	3527	3981	4807	5234	4164	4462
Operating Profit	331	463	574	467	426	489	710	650	468	491
Interest	7	7	10	8	9	10	18	9	10	9
Depreciation	72	75	77	76	81	88	93	92	95	104
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	252	381	487	382	335	391	599	549	363	377
Provision for Tax	65	98	129	95	86	103	153	141	95	99
Profit After Tax	187	284	358	287	249	288	447	408	268	278
Adjustments	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	187	284	358	287	249	288	447	408	268	278
Adjusted Earnings Per Share	3	4.5	5.7	4.6	4	4.6	7.1	6.5	4.3	4.4

Havells India Profit & Loss

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Net Sales	8186	8569	7613	6156	8146	10073	9440	10457	13938	16911	18590	20676
Other Income	41	50	87	138	118	129	113	187	160	178	249	310
Total Income	8227	8620	7699	6294	8264	10202	9554	10645	14099	17088	18839	20987
Total Expenditure	7415	7816	6818	5309	7074	8850	8380	8868	12165	15290	16709	18667
Operating Profit	812	803	881	985	1190	1352	1174	1777	1934	1798	2130	2319
Interest	102	96	91	42	54	55	51	90	67	55	84	46
Depreciation	116	139	134	121	140	149	218	249	261	296	339	384
Exceptional Income / Expenses	0	0	862	-107	-19	0	0	0	0	0	0	0
Profit Before Tax	594	569	1520	711	977	1147	904	1438	1607	1447	1707	1888
Provision for Tax	148	184	219	229	304	359	169	393	410	375	437	488
Profit After Tax	446	385	1300	482	673	788	736	1044	1196	1072	1271	1401
Adjustments	0	0	-0	12	-11	-0	-0	0	0	0	0	0
Profit After Adjustments	446	385	1300	495	662	788	735	1044	1196	1072	1271	1401
Adjusted Earnings Per Share	7.2	6.2	20.8	7.9	10.6	12.6	11.8	16.7	19.1	17.1	20.3	22.3

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	10%	21%	13%	9%
Operating Profit CAGR	18%	6%	10%	10%
PAT CAGR	19%	7%	10%	11%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	1%	10%	22%	18%
ROE Average	18%	19%	19%	23%
ROCE Average	25%	25%	26%	29%

Havells India Balance Sheet

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Shareholder's Funds	1666	1818	3028	3277	3729	4198	4312	5176	6003	6625	7447
Minority's Interest	0	0	15	9	8	0	0	0	0	0	0
Borrowings	706	226	2	0	81	41	0	394	273	0	0
Other Non-Current Liabilities	476	412	106	131	260	371	435	505	615	696	703
Total Current Liabilities	2485	2317	1237	1575	2530	2540	2327	3054	3980	4170	4637
Total Liabilities	5332	4774	4387	5168	6608	7148	7073	9129	10870	11492	12787
Fixed Assets	1600	1541	1224	1244	2765	2904	3350	3290	3434	3621	3988
Other Non-Current Assets	125	272	257	332	136	400	243	241	483	471	545
Total Current Assets	3607	2961	2634	3234	3690	3826	3461	5597	6953	7390	8251
Total Assets	5332	4774	4387	5168	6608	7148	7073	9129	10870	11492	12787

Havells India Cash Flow

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Opening Cash & Cash Equivalents	472	655	371	142	592	336	705	268	355	776	465
Cash Flow from Operating Activities	868	963	513	767	1100	501	827	660	1728	565	1953
Cash Flow from Investing Activities	-376	-486	35	-216	-944	188	-548	-763	-759	35	-1614
Cash Flow from Financing Activities	-310	-754	-621	-98	-409	-318	-716	190	-547	-907	-534
Net Cash Inflow / Outflow	182	-278	-73	454	-253	372	-437	87	422	-307	-195
Closing Cash & Cash Equivalent	655	379	142	592	336	705	268	355	776	465	266

Havells India Ratios

#	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Earnings Per Share (Rs)	7.15	6.17	20.82	7.91	10.6	12.59	11.75	16.68	19.1	17.11	20.28
CEPS(Rs)	9.01	8.39	22.97	9.64	13.02	14.99	15.24	20.66	23.27	21.83	25.68
DPS(Rs)	3	3	6	3.5	4	4.5	4	6.5	7.5	7.5	9
Book NAV/Share(Rs)	26.7	29.12	48.47	52.44	59.66	67.1	68.89	82.68	95.84	105.72	118.72
Core EBITDA Margin(%)	8.57	7.99	9.92	12.8	12.87	12.06	11.15	15.09	12.65	9.52	10.06
EBIT Margin(%)	7.74	7.05	20.1	11.38	12.38	11.86	10.05	14.5	11.93	8.83	9.58
Pre Tax Margin(%)	6.6	6.04	18.96	10.75	11.73	11.31	9.51	13.65	11.45	8.5	9.13
PAT Margin (%)	4.96	4.09	16.23	7.29	8.09	7.77	7.74	9.92	8.53	6.3	6.8
Cash Profit Margin (%)	6.24	5.56	17.9	9.11	9.77	9.24	10.03	12.28	10.39	8.04	8.61
ROA(%)	9.12	7.63	28.39	10.09	11.44	11.46	10.34	12.89	11.97	9.59	10.47
ROE(%)	28.72	22.12	53.67	15.3	19.23	19.88	17.29	22.02	21.41	16.98	18.07
ROCE(%)	27.09	26.8	59.62	22.65	28.13	29.56	22.11	30.49	27.74	23.07	25.46
Receivable days	37.78	31.43	19.56	12.87	12.23	13.21	12.44	13.96	17.31	18.66	20.88
Inventory Days	57.03	55.36	50.11	49.11	56.49	63.92	72.77	77.83	72.71	71.59	69.47
Payable days	77.33	71.53	57.74	59.24	75.83	78.83	74.5	76.44	79.64	80.9	79.95
PER(x)	26	49.44	15.48	59.16	46.03	61.23	40.84	62.93	60.4	69.47	74.71
Price/Book(x)	6.97	10.48	6.65	8.93	8.18	11.49	6.97	12.7	12.04	11.24	12.76
Dividend Yield(%)	1.61	0.98	1.86	0.75	0.82	0.58	0.83	0.62	0.65	0.63	0.59
EV/Net Sales(x)	1.44	2.18	2.47	4.47	3.57	4.67	3.07	6.17	5.03	4.29	4.94
EV/Core EBITDA(x)	14.5	23.27	21.33	27.91	24.4	34.77	24.65	36.34	36.25	40.36	43.14
Net Sales Growth(%)	12.94	4.69	-11.17	-19.14	32.34	23.65	-6.29	10.77	33.29	21.32	9.93
EBIT Growth(%)	-13.67	-4.56	142.28	-53.26	36.95	16.64	-20.53	59.84	9.55	-10.24	19.27
PAT Growth(%)	-23.24	-13.65	237.41	-62.92	39.68	17	-6.64	41.97	14.57	-10.43	18.57
EPS Growth(%)	-23.24	-13.72	237.22	-61.98	33.89	18.83	-6.68	41.97	14.52	-10.45	18.53
Debt/Equity(x)	0.63	0.23	0.04	0.06	0.03	0.02	0.01	0.09	0.07	0	0
Current Ratio(x)	1.45	1.28	2.13	2.05	1.46	1.51	1.49	1.83	1.75	1.77	1.78
Quick Ratio(x)	0.85	0.69	1.46	1.45	0.81	0.75	0.68	0.97	1	0.88	1.04
Interest Cover(x)	6.8	6.94	17.7	17.96	19.19	21.76	18.61	16.96	25.01	27.28	21.28
Total Debt/Mcap(x)	0.09	0.02	0.01	0.01	0	0	0	0.01	0.01	0	0

Havells India Shareholding Pattern

#	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoter	59.45	59.45	59.45	59.43	59.43	59.43	59.43	59.41	59.41	59.41
FII	23.3	22.6	23.11	23.78	24.19	23.96	24.83	25.33	24.76	23.46
DII	9.81	10.51	10.37	9.79	9.48	10.11	9.88	9.55	10.24	11.56
Public	7.44	7.44	7.07	6.99	6.9	6.5	5.85	5.71	5.59	5.57
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoter	37.25	37.25	37.25	37.25	37.25	37.25	37.25	37.25	37.25	37.25
FII	14.6	14.16	14.48	14.9	15.16	15.01	15.56	15.88	15.52	14.71
DII	6.15	6.58	6.5	6.14	5.94	6.34	6.19	5.99	6.42	7.25
Public	4.66	4.66	4.43	4.38	4.32	4.07	3.67	3.58	3.51	3.49
Others	0	0	0	0	0	0	0	0	0	0
Total	62.65	62.65	62.65	62.67	62.67	62.67	62.67	62.69	62.69	62.69

Pros

Debtor days have improved from 80.9 to 79.95days.
Company is almost debt free.

Cons

Stock is trading at 11.8 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.