Havells India Ltd

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

Havells India Ltd

₹ 1,218 1.42%
21 Jul 4:01 p.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

Product Segments[1][2][3]
The company offers 24 products verticals, under the following segments:
1) Cables (~39% in FY26 vs ~33% in FY25): The company offers flexible and power cables including multicore round cable, flat submersible cable, LAN cable, CCTV, speaker cable, etc.
2) Lloyd Consumer (~18% in FY26 vs ~24% in FY25): Lloyd offers air conditioners, washing machines, refrigerators and televisions.
3) Electrical Consumer Durables (~17% in FY26 vs ~18% in FY25): It offers fans, appliances and water heaters.
4) Switchgears (~12% in FY26 vs 11% in FY25): The company offers domestic switchgears, capacitors, switches, industrial switchgears, etc.
5) Lighting & Fixtures (~7% in FY26 vs ~8% in FY25): Comprises of professional and consumer luminaries including Home Art lights, LED panels, LED Cobs, lamps, batten, etc. [4]
6) Others (~8% in FY26 vs ~24% in FY25): Includes motors, solar, pump & water purifiers, personal grooming products, etc.

Website BSE NSE
  • Market Cap ₹ 76,393 Cr.
  • Current Price ₹ 1,218
  • High / Low ₹ 1,623 / 1,124
  • Stock P/E 45.3
  • Book Value ₹ 151
  • Dividend Yield 0.82 %
  • ROCE 25.1 %
  • ROE 19.2 %
  • Face Value ₹ 1.00
Edit ratios

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 41.1%

Cons

  • Stock is trading at 8.07 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

Consumer Discretionary Consumer Durables Consumer Durables Consumer Electronics

Part of BSE 500 BSE Consumer Durables BSE 100 BSE 200 BSE Dollex 200

Edit Columns
Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
4,824 3,891 4,401 5,434 5,798 4,533 4,882 6,532 5,438 4,767 5,573 6,688 6,510
4,421 3,518 3,968 4,798 5,222 4,153 4,451 5,771 4,918 4,325 5,049 5,960 6,036
Operating Profit 402 373 433 637 576 380 432 761 520 442 524 728 474
OPM % 8% 10% 10% 12% 10% 8% 9% 12% 10% 9% 9% 11% 7%
65 52 56 76 77 93 64 69 69 86 -2 326 54
Interest 8 9 10 18 9 10 9 15 9 9 9 10 7
Depreciation 76 81 88 93 92 95 104 108 105 105 108 111 120
Profit before tax 382 335 391 601 553 368 382 706 475 414 405 933 401
Tax % 25% 26% 26% 25% 26% 26% 26% 26% 26% 23% 26% 21% 26%
287 249 288 449 411 273 283 522 352 317 301 734 298
EPS in Rs 4.59 3.97 4.59 7.16 6.56 4.35 4.51 8.33 5.62 5.06 4.80 11.71 4.76
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
5,171 5,359 6,110 8,139 10,068 9,429 10,428 13,889 16,868 18,550 21,746 22,466 23,538
4,445 4,574 5,284 7,087 8,840 8,364 8,845 12,116 15,244 16,666 19,554 20,211 21,370
Operating Profit 726 786 826 1,051 1,227 1,066 1,583 1,772 1,624 1,884 2,192 2,254 2,167
OPM % 14% 15% 14% 13% 12% 11% 15% 13% 10% 10% 10% 10% 9%
51 270 75 127 123 105 188 159 177 249 287 479 464
Interest 43 42 12 24 55 51 90 67 55 84 72 78 35
Depreciation 88 105 120 140 149 218 249 261 296 338 399 429 444
Profit before tax 646 909 769 1,015 1,146 902 1,432 1,604 1,450 1,710 2,009 2,226 2,152
Tax % 28% 22% 30% 30% 31% 19% 27% 26% 26% 26% 26% 23%
465 712 539 713 787 733 1,040 1,195 1,075 1,273 1,489 1,705 1,652
EPS in Rs 7.45 11.40 8.63 11.40 12.59 11.71 16.61 19.08 17.16 20.32 23.75 27.19 26.33
Dividend Payout % 40% 53% 41% 35% 36% 34% 39% 39% 44% 44% 42% 37%
Compounded Sales Growth
10 Years: 15%
5 Years: 17%
3 Years: 10%
TTM: 10%
Compounded Profit Growth
10 Years: 12%
5 Years: 11%
3 Years: 17%
TTM: 18%
Stock Price CAGR
10 Years: 12%
5 Years: 1%
3 Years: -3%
1 Year: -22%
Return on Equity
10 Years: 19%
5 Years: 19%
3 Years: 19%
Last Year: 19%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 62 62 62 63 63 63 63 63 63 63 63 63
Reserves 2,313 2,891 3,211 3,677 4,130 4,242 5,102 5,926 6,552 7,376 8,268 9,414
83 44 198 108 94 162 623 616 223 303 319 265
1,190 1,091 1,488 2,694 2,839 2,581 3,033 3,900 4,306 4,678 5,125 4,983
Total Liabilities 3,649 4,089 4,960 6,541 7,126 7,048 8,820 10,505 11,143 12,420 13,775 14,724
985 1,188 1,266 2,785 2,904 3,349 3,290 3,434 3,621 3,988 4,627 5,318
CWIP 22 20 12 24 233 86 90 57 166 299 118 443
Investments 1,012 463 389 42 2 2 308 428 201 41 74 956
1,630 2,418 3,293 3,690 3,988 3,611 5,132 6,587 7,155 8,092 8,956 8,007
Total Assets 3,649 4,089 4,960 6,541 7,126 7,048 8,820 10,505 11,143 12,420 13,775 14,724

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
600 525 778 1,108 513 825 658 1,745 565 1,959 1,568 1,587
-608 -77 -227 -1,003 185 -548 -763 -760 35 -1,639 -334 -900
-269 -498 -72 -358 -318 -716 190 -547 -907 -534 -696 -690
Net Cash Flow -276 -50 478 -254 380 -439 84 437 -307 -214 538 -4
Free Cash Flow 438 351 542 -481 13 466 504 1,492 -21 1,197 828 170
CFO/OP 103% 85% 119% 129% 62% 100% 59% 122% 59% 125% 95% 93%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 9 11 14 15 15 9 20 20 21 23 21 13
Inventory Days 79 90 97 123 115 121 153 119 120 102 103 110
Days Payable 45 50 66 124 94 91 93 96 85 81 78 72
Cash Conversion Cycle 43 51 45 14 36 39 79 44 55 44 46 50
Working Capital Days -21 1 -18 -16 0 1 21 7 25 11 12 14
ROCE % 29% 27% 26% 28% 30% 22% 29% 27% 22% 24% 26% 25%

Insights

In beta
Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Direct Dealers
count

Log in to view insights

Please log in to see hidden values.

Login
Manufacturing Plants
count
Advertising & Sales Promotion as % of Revenue
%
Cables Segment Revenue Share
%
Electricians
count
Retailers
count
Havells Exclusive Brand Stores
count
Lloyd AC Manufacturing Capacity
units
R&D Expenditure (Percentage of Turnover)
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
59.43% 59.43% 59.43% 59.41% 59.41% 59.41% 59.41% 59.38% 59.38% 59.38% 59.38% 59.35%
24.19% 23.96% 24.83% 25.33% 24.76% 23.46% 22.31% 21.59% 19.28% 17.96% 16.93% 15.91%
9.38% 10.00% 9.77% 9.42% 10.10% 11.43% 12.63% 13.18% 15.35% 16.53% 17.50% 18.04%
0.10% 0.11% 0.11% 0.13% 0.13% 0.13% 0.13% 0.17% 0.17% 0.17% 0.23% 0.23%
6.90% 6.49% 5.85% 5.66% 5.58% 5.57% 5.52% 5.62% 5.81% 5.95% 5.96% 6.47%
0.00% 0.00% 0.00% 0.04% 0.00% 0.00% 0.00% 0.04% 0.00% 0.00% 0.00% 0.00%
No. of Shareholders 2,24,2082,31,5402,24,4282,14,7132,13,7452,37,3252,46,9102,59,3152,66,8722,76,1282,74,5203,03,644

* 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.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

Credit ratings

Concalls