Havells India Ltd

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

Havells India Ltd

₹ 1,288 0.53%
29 Nov - close price
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 ₹ 80,720 Cr.
  • Current Price ₹ 1,288
  • High / Low ₹ 1,466 / 1,024
  • Stock P/E 68.5
  • Book Value ₹ 110
  • Dividend Yield 0.58 %
  • ROCE 22.3 %
  • ROE 17.0 %
  • Face Value ₹ 1.00
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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 11.7 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

Consolidated Figures in Rs. Crores / View Standalone

Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023
2,459 3,175 3,339 2,610 3,238 3,664 4,426 4,244 3,679 4,128 4,859 4,834 3,900
2,038 2,665 2,831 2,255 2,793 3,224 3,906 3,883 3,393 3,704 4,332 4,432 3,527
Operating Profit 422 510 508 355 445 440 520 362 287 424 527 402 373
OPM % 17% 16% 15% 14% 14% 12% 12% 9% 8% 10% 11% 8% 10%
80 39 37 34 33 49 44 48 44 40 47 65 52
Interest 17 15 24 11 11 12 19 10 7 7 10 8 9
Depreciation 59 64 65 62 62 66 71 72 72 75 77 76 81
Profit before tax 425 470 456 317 405 411 474 327 252 381 487 382 335
Tax % 23% 25% 33% 26% 25% 26% 26% 26% 26% 26% 26% 25% 26%
326 350 304 236 302 306 352 243 187 284 358 287 249
EPS in Rs 5.21 5.59 4.85 3.76 4.83 4.88 5.63 3.88 2.98 4.53 5.71 4.58 3.97
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
6,452 7,135 8,051 8,468 7,594 6,130 8,116 10,073 9,440 10,457 13,938 16,911 17,721
5,778 6,461 7,274 7,713 6,798 5,315 7,083 8,885 8,374 8,868 12,163 15,290 15,995
Operating Profit 674 674 777 755 796 815 1,033 1,189 1,067 1,589 1,775 1,621 1,726
OPM % 10% 9% 10% 9% 10% 13% 13% 12% 11% 15% 13% 10% 10%
25 222 35 48 949 42 97 124 107 187 159 178 204
Interest 128 123 102 96 91 13 25 16 51 90 67 55 35
Depreciation 95 110 116 139 134 121 140 149 218 249 261 296 309
Profit before tax 476 664 594 569 1,520 723 965 1,147 904 1,438 1,607 1,447 1,585
Tax % 22% 12% 25% 32% 14% 32% 31% 31% 19% 27% 26% 26%
370 581 446 385 1,300 494 661 788 735 1,044 1,196 1,072 1,178
EPS in Rs 5.93 9.32 7.15 6.17 20.82 7.91 10.60 12.59 11.75 16.68 19.10 17.11 18.79
Dividend Payout % 22% 16% 42% 49% 29% 44% 4% 36% 34% 39% 39% 44%
Compounded Sales Growth
10 Years: 9%
5 Years: 16%
3 Years: 21%
TTM: 11%
Compounded Profit Growth
10 Years: 10%
5 Years: 10%
3 Years: 13%
TTM: 8%
Stock Price CAGR
10 Years: 24%
5 Years: 13%
3 Years: 17%
1 Year: 3%
Return on Equity
10 Years: 20%
5 Years: 19%
3 Years: 20%
Last Year: 17%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 62 62 62 62 62 62 63 63 63 63 63 63 63
Reserves 893 1,380 1,604 1,756 2,965 3,214 3,667 4,135 4,249 5,114 5,940 6,563 6,837
1,027 982 1,054 424 134 208 115 94 72 521 616 223 268
2,193 2,034 2,613 2,546 1,225 1,683 2,763 2,856 2,690 3,155 3,904 4,309 3,850
Total Liabilities 4,175 4,458 5,332 4,788 4,387 5,168 6,608 7,148 7,073 8,852 10,523 11,157 11,018
1,391 1,500 1,600 1,541 1,224 1,300 2,819 2,904 3,350 3,290 3,434 3,621 3,839
CWIP 66 25 44 38 20 12 24 233 86 90 57 166 143
Investments 0 0 0 0 189 162 0 0 0 306 426 201 20
2,718 2,933 3,688 3,209 2,954 3,694 3,765 4,012 3,638 5,166 6,606 7,170 7,016
Total Assets 4,175 4,458 5,332 4,788 4,387 5,168 6,608 7,148 7,073 8,852 10,523 11,157 11,018

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
452 638 868 963 513 767 1,100 501 827 660 1,728 565
-105 -144 -376 -485 -121 -220 -946 185 -548 -763 -759 31
-247 -252 -310 -754 -621 -98 -409 -318 -716 190 -547 -907
Net Cash Flow 100 242 183 -277 -229 450 -255 368 -437 87 421 -311

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 50 44 45 27 11 14 15 15 9 20 20 21
Inventory Days 143 116 121 103 70 99 124 115 121 153 119 119
Days Payable 112 82 98 79 42 66 125 94 92 93 95 85
Cash Conversion Cycle 81 78 69 51 39 46 14 36 39 79 44 55
Working Capital Days 27 31 16 -3 1 4 -17 -0 1 25 11 26
ROCE % 33% 26% 27% 27% 28% 25% 27% 29% 22% 30% 27% 22%

Shareholding Pattern

Numbers in percentages

Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
59.50% 59.50% 59.47% 59.47% 59.47% 59.47% 59.45% 59.45% 59.45% 59.45% 59.43% 59.43%
24.36% 24.91% 24.01% 26.76% 26.51% 24.44% 23.10% 23.30% 22.60% 23.11% 23.79% 24.19%
8.36% 7.89% 8.17% 6.12% 6.26% 8.15% 8.95% 9.70% 10.40% 10.27% 9.68% 9.38%
0.23% 0.19% 0.12% 0.11% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10%
7.55% 7.51% 8.17% 7.54% 7.66% 7.83% 8.35% 7.43% 7.43% 7.05% 6.95% 6.90%
0.01% 0.01% 0.05% 0.01% 0.01% 0.01% 0.04% 0.01% 0.01% 0.01% 0.03% 0.00%
No. of Shareholders 1,32,6341,58,5142,21,9381,89,9912,16,4132,56,0932,44,0142,36,3602,49,6802,39,6862,25,2552,24,208

* 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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