Havells India Ltd

Havells India Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Havells India Ltd

₹ 1,689 0.12%
13 May 9:23 a.m.
havells.com BSE: 517354 NSE: HAVELLS
About

Havells India Limited is a leading Fast Moving Electrical Goods (FMEG) Company and a major power distribution equipment manufacturer with a strong global presence.
It enjoys enviable market dominance across a wide spectrum of products, including Industrial & Domestic Circuit Protection Devices, Cables & Wires, Motors, Fans, Modular Switches, Home Appliances, Air Conditioners, Electric Water Heaters, Power Capacitors, Luminaires for Domestic, Commercial and Industrial Applications. [1]

Key Points

Brands
The company owns and operates 5 brands i.e. Havells, Crabtree, Lloyd, Standard and REO functioning in different product segments.[1]

Website BSE NSE
  • Market Cap ₹ 1,05,828 Cr.
  • Current Price ₹ 1,689
  • High / Low ₹ 1,707 / 1,233
  • Stock P/E 83.1
  • Book Value ₹ 119
  • Dividend Yield 0.44 %
  • ROCE 24.1 %
  • ROE 18.1 %
  • Face Value ₹ 1.00
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Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 42.4%
  • Company's working capital requirements have reduced from 16.7 days to 12.4 days

Cons

  • Stock is trading at 14.2 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.

Peer comparison

Sector: Consumer Durables Industry: Electric Equipment

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
3,331 2,598 3,221 3,652 4,417 4,230 3,669 4,120 4,850 4,824 3,891 4,401 5,434
2,826 2,245 2,777 3,212 3,897 3,869 3,382 3,696 4,319 4,421 3,518 3,968 4,798
Operating Profit 506 353 444 440 521 361 287 424 531 402 373 433 637
OPM % 15% 14% 14% 12% 12% 9% 8% 10% 11% 8% 10% 10% 12%
37 34 33 49 44 47 43 40 47 65 52 56 76
Interest 24 11 11 12 19 10 7 7 10 8 9 10 18
Depreciation 65 62 62 66 71 72 72 75 77 76 81 88 93
Profit before tax 454 315 403 411 475 327 251 382 490 382 335 391 601
Tax % 33% 26% 25% 26% 26% 26% 26% 26% 26% 25% 26% 26% 25%
302 234 302 306 353 242 187 284 362 287 249 288 449
EPS in Rs 4.83 3.74 4.81 4.88 5.64 3.87 2.98 4.53 5.77 4.59 3.97 4.59 7.16
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
4,169 4,661 5,171 5,359 6,110 8,139 10,068 9,429 10,428 13,889 16,868 18,550
3,630 3,990 4,445 4,574 5,284 7,087 8,840 8,364 8,845 12,116 15,244 16,705
Operating Profit 539 671 726 786 826 1,051 1,227 1,066 1,583 1,772 1,624 1,845
OPM % 13% 14% 14% 15% 14% 13% 12% 11% 15% 13% 10% 10%
5 38 51 270 75 127 123 105 188 159 177 249
Interest 29 51 43 42 12 24 55 51 90 67 55 46
Depreciation 58 64 88 105 120 140 149 218 249 261 296 338
Profit before tax 457 595 646 909 769 1,015 1,146 902 1,432 1,604 1,450 1,710
Tax % 19% 20% 28% 22% 30% 30% 31% 19% 27% 26% 26% 26%
371 479 465 712 539 713 787 733 1,040 1,195 1,075 1,273
EPS in Rs 5.95 7.67 7.45 11.40 8.63 11.40 12.59 11.71 16.61 19.08 17.16 20.32
Dividend Payout % 25% 39% 40% 53% 41% 35% 36% 34% 39% 39% 44% 44%
Compounded Sales Growth
10 Years: 15%
5 Years: 13%
3 Years: 21%
TTM: 10%
Compounded Profit Growth
10 Years: 10%
5 Years: 10%
3 Years: 8%
TTM: 18%
Stock Price CAGR
10 Years: 25%
5 Years: 19%
3 Years: 19%
1 Year: 29%
Return on Equity
10 Years: 19%
5 Years: 19%
3 Years: 19%
Last Year: 18%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 62 62 62 62 62 63 63 63 63 63 63 63
Reserves 1,808 2,067 2,313 2,891 3,211 3,677 4,130 4,242 5,102 5,926 6,552 7,376
109 196 83 44 198 108 94 162 623 616 223 303
879 1,073 1,190 1,091 1,488 2,694 2,839 2,581 3,033 3,900 4,306 4,678
Total Liabilities 2,858 3,398 3,649 4,089 4,960 6,541 7,126 7,048 8,820 10,505 11,143 12,420
904 906 985 1,188 1,266 2,785 2,904 3,349 3,290 3,434 3,621 3,990
CWIP 10 28 22 20 12 24 233 86 90 57 166 297
Investments 792 883 1,012 463 389 42 2 2 308 428 201 41
1,153 1,582 1,630 2,418 3,293 3,690 3,988 3,611 5,132 6,587 7,155 8,092
Total Assets 2,858 3,398 3,649 4,089 4,960 6,541 7,126 7,048 8,820 10,505 11,143 12,420

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
381 653 600 525 778 1,108 513 825 658 1,745 565 1,959
-136 -383 -608 -77 -227 -1,003 185 -548 -763 -760 35 -1,635
-136 -115 -269 -498 -72 -358 -318 -716 190 -547 -907 -534
Net Cash Flow 110 154 -276 -50 478 -254 380 -439 84 437 -307 -209

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 11 11 9 11 14 15 15 9 20 20 21 23
Inventory Days 95 90 79 90 97 123 115 121 153 119 120 99
Days Payable 57 59 45 50 66 124 94 91 93 96 85 78
Cash Conversion Cycle 49 41 43 51 45 14 36 39 79 44 55 44
Working Capital Days 6 -11 -21 1 -6 -16 0 3 25 11 26 12
ROCE % 26% 30% 29% 27% 26% 28% 30% 22% 29% 27% 22%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
59.47% 59.47% 59.47% 59.47% 59.45% 59.45% 59.45% 59.45% 59.43% 59.43% 59.43% 59.43%
24.01% 26.76% 26.51% 24.44% 23.10% 23.30% 22.60% 23.11% 23.79% 24.19% 23.96% 24.83%
8.17% 6.12% 6.26% 8.15% 8.95% 9.70% 10.40% 10.27% 9.68% 9.38% 10.00% 9.77%
0.12% 0.11% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.11% 0.11%
8.17% 7.54% 7.66% 7.83% 8.35% 7.43% 7.43% 7.05% 6.95% 6.90% 6.49% 5.85%
0.05% 0.01% 0.01% 0.01% 0.04% 0.01% 0.01% 0.01% 0.03% 0.00% 0.00% 0.00%
No. of Shareholders 2,21,9381,89,9912,16,4132,56,0932,44,0142,36,3602,49,6802,39,6862,25,2552,24,2082,31,5402,24,428

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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