Havells India Ltd
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]
- Market Cap ₹ 84,698 Cr.
- Current Price ₹ 1,352
- High / Low ₹ 1,406 / 1,024
- Stock P/E 78.8
- Book Value ₹ 106
- Dividend Yield 0.56 %
- ROCE 22.4 %
- ROE 17.1 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 40.7%
Cons
- Stock is trading at 12.6 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
3,575 | 4,169 | 4,661 | 5,171 | 5,359 | 6,110 | 8,139 | 10,068 | 9,429 | 10,428 | 13,889 | 16,868 | |
3,107 | 3,630 | 3,990 | 4,445 | 4,574 | 5,284 | 7,087 | 8,840 | 8,364 | 8,845 | 12,116 | 15,244 | |
Operating Profit | 468 | 539 | 671 | 726 | 786 | 826 | 1,051 | 1,227 | 1,066 | 1,583 | 1,772 | 1,624 |
OPM % | 13% | 13% | 14% | 14% | 15% | 14% | 13% | 12% | 11% | 15% | 13% | 10% |
-5 | 5 | 38 | 51 | 270 | 75 | 127 | 123 | 105 | 188 | 159 | 177 | |
Interest | 44 | 29 | 51 | 43 | 42 | 12 | 24 | 55 | 51 | 90 | 67 | 55 |
Depreciation | 45 | 58 | 64 | 88 | 105 | 120 | 140 | 149 | 218 | 249 | 261 | 296 |
Profit before tax | 374 | 457 | 595 | 646 | 909 | 769 | 1,015 | 1,146 | 902 | 1,432 | 1,604 | 1,450 |
Tax % | 18% | 19% | 20% | 28% | 22% | 30% | 30% | 31% | 19% | 27% | 26% | 26% |
Net Profit | 305 | 371 | 479 | 465 | 712 | 539 | 713 | 787 | 733 | 1,040 | 1,195 | 1,075 |
EPS in Rs | 4.90 | 5.95 | 7.67 | 7.45 | 11.40 | 8.63 | 11.40 | 12.59 | 11.71 | 16.61 | 19.08 | 17.16 |
Dividend Payout % | 27% | 25% | 39% | 40% | 53% | 41% | 35% | 36% | 34% | 39% | 39% | 44% |
Compounded Sales Growth | |
---|---|
10 Years: | 15% |
5 Years: | 16% |
3 Years: | 21% |
TTM: | 21% |
Compounded Profit Growth | |
---|---|
10 Years: | 11% |
5 Years: | 9% |
3 Years: | 13% |
TTM: | -10% |
Stock Price CAGR | |
---|---|
10 Years: | 25% |
5 Years: | 20% |
3 Years: | 33% |
1 Year: | 15% |
Return on Equity | |
---|---|
10 Years: | 20% |
5 Years: | 19% |
3 Years: | 20% |
Last Year: | 17% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
62 | 62 | 62 | 62 | 62 | 62 | 63 | 63 | 63 | 63 | 63 | 63 | |
Reserves | 1,546 | 1,808 | 2,067 | 2,313 | 2,891 | 3,211 | 3,677 | 4,130 | 4,242 | 5,102 | 5,926 | 6,552 |
129 | 109 | 196 | 83 | 44 | 198 | 108 | 94 | 162 | 623 | 616 | 223 | |
910 | 879 | 1,073 | 1,190 | 1,091 | 1,488 | 2,694 | 2,839 | 2,581 | 3,033 | 3,900 | 4,306 | |
Total Liabilities | 2,647 | 2,858 | 3,398 | 3,649 | 4,089 | 4,960 | 6,541 | 7,126 | 7,048 | 8,820 | 10,505 | 11,143 |
778 | 904 | 906 | 985 | 1,188 | 1,266 | 2,785 | 2,904 | 3,349 | 3,290 | 3,434 | 3,621 | |
CWIP | 56 | 10 | 28 | 22 | 20 | 12 | 24 | 233 | 86 | 90 | 57 | 166 |
Investments | 775 | 792 | 883 | 1,012 | 463 | 389 | 42 | 2 | 2 | 308 | 428 | 201 |
1,038 | 1,153 | 1,582 | 1,630 | 2,418 | 3,293 | 3,690 | 3,988 | 3,611 | 5,132 | 6,587 | 7,155 | |
Total Assets | 2,647 | 2,858 | 3,398 | 3,649 | 4,089 | 4,960 | 6,541 | 7,126 | 7,048 | 8,820 | 10,505 | 11,143 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
357 | 381 | 653 | 600 | 525 | 778 | 1,108 | 513 | 825 | 658 | 1,745 | 565 | |
-186 | -136 | -383 | -608 | -77 | -227 | -1,003 | 185 | -548 | -763 | -760 | 35 | |
-85 | -136 | -115 | -269 | -498 | -72 | -358 | -318 | -716 | 190 | -547 | -907 | |
Net Cash Flow | 87 | 110 | 154 | -276 | -50 | 478 | -254 | 380 | -439 | 84 | 437 | -307 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 16 | 11 | 11 | 9 | 11 | 14 | 15 | 15 | 9 | 20 | 20 | 21 |
Inventory Days | 108 | 95 | 90 | 79 | 90 | 97 | 123 | 115 | 121 | 153 | 119 | 120 |
Days Payable | 89 | 57 | 59 | 45 | 50 | 66 | 124 | 94 | 91 | 93 | 96 | 85 |
Cash Conversion Cycle | 35 | 49 | 41 | 43 | 51 | 45 | 14 | 36 | 39 | 79 | 44 | 55 |
Working Capital Days | -2 | 6 | -11 | -21 | 1 | -6 | -16 | 0 | 3 | 25 | 11 | 26 |
ROCE % | 27% | 26% | 30% | 29% | 27% | 26% | 28% | 30% | 22% | 29% | 27% | 22% |
Documents
Announcements
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Intimation Of Exercise
1 Jun - Against the Shares Vested to the Eligible Employees for the financial year 2022-23, in terms of the subsisting employee stock purchase plans, which are administered …
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Announcement under Regulation 30 (LODR)-Newspaper Publication
31 May - Newspaper clippings of the Notice published by the Company regarding Loss of Share Certificates in the Economic Times (English) edition of 30th May, 2023 and …
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Announcement under Regulation 30 (LODR)-Newspaper Publication
31 May - Read with corresponding circulars and notifications issued thereunder, we are enclosing herewith the Newspaper clippings from the Economic Times (English) and Jansatta (Hindi) editions of …
- Reg. 34 (1) Annual Report. 27 May
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Announcement under Regulation 30 (LODR)-Newspaper Publication
25 May - Read with corresponding circulars and notifications issued thereunder, we are enclosing herewith the Newspaper clippings from the Economic Times (English) and Jansatta (Hindi) editions of …
Annual reports
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Financial Year 2023
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Financial Year 2010
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Financial Year 2010
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Concalls
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Brands
The company owns and operates 5 brands i.e. Havells, Crabtree, Lloyd, Standard and REO functioning in different product segments.[1]