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 ₹ 74,019 Cr.
- Current Price ₹ 1,181
- High / Low ₹ 1,406 / 1,024
- Stock P/E 69.4
- Book Value ₹ 98.5
- Dividend Yield 0.63 %
- ROCE 27.6 %
- ROE 21.4 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company is expected to give good quarter
- Company has been maintaining a healthy dividend payout of 37.4%
Cons
- Stock is trading at 12.0 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: Capital Goods - Electrical Equipment Industry: Electric Equipment
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
5,547 | 6,452 | 7,135 | 8,051 | 8,468 | 7,594 | 6,130 | 8,116 | 10,073 | 9,440 | 10,457 | 13,938 | 16,478 | |
4,990 | 5,778 | 6,461 | 7,274 | 7,713 | 6,798 | 5,315 | 7,083 | 8,885 | 8,374 | 8,868 | 12,163 | 14,886 | |
Operating Profit | 558 | 674 | 674 | 777 | 755 | 796 | 815 | 1,033 | 1,189 | 1,067 | 1,589 | 1,775 | 1,592 |
OPM % | 10% | 10% | 9% | 10% | 9% | 10% | 13% | 13% | 12% | 11% | 15% | 13% | 10% |
20 | 25 | 222 | 35 | 48 | 949 | 42 | 97 | 124 | 107 | 187 | 159 | 175 | |
Interest | 90 | 128 | 123 | 102 | 96 | 91 | 13 | 25 | 16 | 51 | 90 | 67 | 43 |
Depreciation | 80 | 95 | 110 | 116 | 139 | 134 | 121 | 140 | 149 | 218 | 249 | 261 | 289 |
Profit before tax | 407 | 476 | 664 | 594 | 569 | 1,520 | 723 | 965 | 1,147 | 904 | 1,438 | 1,607 | 1,435 |
Tax % | 25% | 22% | 12% | 25% | 32% | 14% | 32% | 31% | 31% | 19% | 27% | 26% | |
Net Profit | 304 | 370 | 581 | 446 | 385 | 1,300 | 494 | 661 | 788 | 735 | 1,044 | 1,196 | 1,066 |
EPS in Rs | 4.87 | 5.93 | 9.32 | 7.15 | 6.17 | 20.82 | 7.91 | 10.60 | 12.59 | 11.75 | 16.68 | 19.10 | 17.02 |
Dividend Payout % | 10% | 22% | 16% | 42% | 49% | 29% | 44% | 4% | 36% | 34% | 39% | 39% |
Compounded Sales Growth | |
---|---|
10 Years: | 8% |
5 Years: | 18% |
3 Years: | 11% |
TTM: | 28% |
Compounded Profit Growth | |
---|---|
10 Years: | 12% |
5 Years: | 16% |
3 Years: | 15% |
TTM: | -7% |
Stock Price CAGR | |
---|---|
10 Years: | 25% |
5 Years: | 19% |
3 Years: | 36% |
1 Year: | 3% |
Return on Equity | |
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10 Years: | 21% |
5 Years: | 20% |
3 Years: | 20% |
Last Year: | 21% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Sep 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
62 | 62 | 62 | 62 | 62 | 62 | 62 | 63 | 63 | 63 | 63 | 63 | 63 | |
Reserves | 591 | 893 | 1,380 | 1,604 | 1,756 | 2,965 | 3,214 | 3,667 | 4,135 | 4,249 | 5,114 | 5,940 | 6,110 |
1,117 | 1,027 | 982 | 1,054 | 424 | 134 | 208 | 115 | 94 | 72 | 521 | 438 | 203 | |
1,792 | 2,193 | 2,034 | 2,613 | 2,546 | 1,225 | 1,683 | 2,763 | 2,856 | 2,690 | 3,155 | 4,083 | 3,810 | |
Total Liabilities | 3,564 | 4,175 | 4,458 | 5,332 | 4,788 | 4,387 | 5,168 | 6,608 | 7,148 | 7,073 | 8,852 | 10,523 | 10,185 |
1,331 | 1,391 | 1,500 | 1,600 | 1,541 | 1,224 | 1,300 | 2,819 | 2,904 | 3,350 | 3,290 | 3,434 | 3,390 | |
CWIP | 25 | 66 | 25 | 44 | 38 | 20 | 12 | 24 | 233 | 86 | 90 | 57 | 62 |
Investments | 0 | 0 | 0 | 0 | 0 | 189 | 162 | 0 | 0 | 0 | 306 | 426 | 301 |
2,208 | 2,718 | 2,933 | 3,688 | 3,209 | 2,954 | 3,694 | 3,765 | 4,012 | 3,638 | 5,166 | 6,606 | 6,432 | |
Total Assets | 3,564 | 4,175 | 4,458 | 5,332 | 4,788 | 4,387 | 5,168 | 6,608 | 7,148 | 7,073 | 8,852 | 10,523 | 10,185 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
253 | 452 | 638 | 868 | 963 | 513 | 767 | 1,100 | 501 | 827 | 660 | 1,728 | |
-176 | -105 | -144 | -376 | -485 | -121 | -220 | -946 | 185 | -548 | -763 | -759 | |
-65 | -247 | -252 | -310 | -754 | -621 | -98 | -409 | -318 | -716 | 190 | -547 | |
Net Cash Flow | 11 | 100 | 242 | 183 | -277 | -229 | 450 | -255 | 368 | -437 | 87 | 421 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 51 | 50 | 44 | 45 | 27 | 11 | 14 | 15 | 15 | 9 | 20 | 20 |
Inventory Days | 128 | 143 | 116 | 121 | 103 | 70 | 99 | 124 | 115 | 121 | 153 | 119 |
Days Payable | 97 | 112 | 82 | 98 | 79 | 42 | 66 | 125 | 94 | 92 | 93 | 95 |
Cash Conversion Cycle | 83 | 81 | 78 | 69 | 51 | 39 | 46 | 14 | 36 | 39 | 79 | 44 |
Working Capital Days | 25 | 27 | 31 | 16 | -3 | 1 | 4 | -17 | -0 | 1 | 25 | 11 |
ROCE % | 31% | 33% | 26% | 27% | 27% | 28% | 25% | 27% | 29% | 22% | 30% | 28% |
Documents
Announcements
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Intimation Under Regulation 30
17 Mar - Company viz. Havells India Limited to the stock exchanges on 6 July 2022 with regard to setting-up of new facility to manufacture Air-Conditioners at Sri …
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 15 Mar
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 15 Feb
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
1 Feb - Read with corresponding circulars and notifications issued thereunder, it is hereby informed that the management of the Company, Havells India Limited, shall be attending the …
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
24 Jan - With reference to the Company intimation dated 18th January, 2023 filed with the stock exchanges As per Regulation 30 of the SEBI (LODR) Regulations, 2015 …
Annual reports
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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 2018
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Financial Year 2017
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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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Financial Year 2010
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Financial Year 2010
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Concalls
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Jan 2023TranscriptPPT
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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]