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 ₹ 1,02,661 Cr.
- Current Price ₹ 1,640
- High / Low ₹ 1,653 / 1,211
- Stock P/E 86.8
- Book Value ₹ 110
- Dividend Yield 0.46 %
- ROCE 22.3 %
- ROE 17.0 %
- 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 14.9 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
Consolidated Figures in Rs. Crores / View Standalone
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 | 18,007 | |
5,778 | 6,461 | 7,274 | 7,713 | 6,798 | 5,315 | 7,083 | 8,885 | 8,374 | 8,868 | 12,163 | 15,290 | 16,272 | |
Operating Profit | 674 | 674 | 777 | 755 | 796 | 815 | 1,033 | 1,189 | 1,067 | 1,589 | 1,775 | 1,621 | 1,735 |
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 | 220 | |
Interest | 128 | 123 | 102 | 96 | 91 | 13 | 25 | 16 | 51 | 90 | 67 | 55 | 38 |
Depreciation | 95 | 110 | 116 | 139 | 134 | 121 | 140 | 149 | 218 | 249 | 261 | 296 | 323 |
Profit before tax | 476 | 664 | 594 | 569 | 1,520 | 723 | 965 | 1,147 | 904 | 1,438 | 1,607 | 1,447 | 1,595 |
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 | 1,182 | |
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 | 18.85 |
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: | 9% |
Compounded Profit Growth | |
---|---|
10 Years: | 10% |
5 Years: | 10% |
3 Years: | 13% |
TTM: | 11% |
Stock Price CAGR | |
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10 Years: | 24% |
5 Years: | 16% |
3 Years: | 17% |
1 Year: | 34% |
Return on Equity | |
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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% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
1d - Earnings Conference Call to discuss the financial results for the fourth quarter and financial year ended on 31st March, 2024 is scheduled for Tuesday, 30th …
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Intimation U/R 30
22 Apr - The Company has paid compensation upon directions of the District Commission in a consumer matter. Requisite details in terms of SEBI Circular dated 13 July …
- Board Meeting Intimation for (1) To Consider And Approve The Standalone And Consolidated Audited Financial Results Of The Company For The Fourth Quarter And Financial Year Ended 31St March, 2024. (2) To Recommend Final Dividend For The Financial Year Ended 31St March, 2024. 20 Apr
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Announcement under Regulation 30 (LODR)-Newspaper Publication
16 Apr - Havells India Limited has furnished a copy of Newspaper Clippings of Notice published by the Company regarding Loss of Share Certificates in today''s editions of …
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Intimation U/R 30
15 Apr - Company has paid compensation upon directions of the District Commission in a consumer matter. Requisite details in terms of SEBI Circular dtd 13 July 2023 …
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2016
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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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Concalls
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Jan 2024Transcript PPT
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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]