Share Price and Basic Stock Data
Last Updated: February 13, 2026, 8:16 pm
| PEG Ratio | 14.18 |
|---|
Analyst Insight & Comprehensive Analysis
AI Stock Ranker – Real-Time Fundamental Strength Score
Business Overview and Revenue Trends
Havells India Ltd is a prominent player in the consumer electronics industry, specializing in electrical equipment and appliances. The company reported a robust revenue of ₹16,911 Cr in FY 2023, marking a significant increase from ₹13,938 Cr in FY 2022. This upward trajectory continued into FY 2024, with revenues expected to rise to ₹18,590 Cr. The quarterly sales figures indicate a steady performance, with Q1 FY 2025 recording ₹5,442 Cr, which reflects a year-on-year growth. However, the Q2 FY 2024 sales dipped to ₹4,539 Cr, showcasing some volatility. The company’s operational efficiency is evidenced by an operating profit margin (OPM) of 10% for FY 2023, which aligns with industry averages but shows potential for improvement. With a market capitalization of ₹86,198 Cr, Havells remains a significant entity in the market, supported by a wide range of products that cater to diverse consumer needs.
Profitability and Efficiency Metrics
Havells India’s profitability metrics demonstrate a commendable performance. The net profit for FY 2023 stood at ₹1,072 Cr, reflecting a slight decline from ₹1,196 Cr in FY 2022, attributed to increased competition and rising material costs. However, the company’s return on equity (ROE) was reported at 18.8%, which is notably higher than the typical sector range, indicating effective management of shareholder funds. The interest coverage ratio (ICR) was exceptionally strong at 56.29x, showcasing the company’s ability to meet interest obligations comfortably. Additionally, the cash conversion cycle (CCC) stood at 47 days, suggesting efficient management of working capital. However, the operating profit margin has remained static at 10% over the past year, which may signal room for operational enhancements. Overall, while profitability metrics are solid, the company must address cost pressures to sustain growth.
Balance Sheet Strength and Financial Ratios
Havells India Ltd’s balance sheet reveals a solid financial foundation, characterized by total borrowings of only ₹286 Cr, which is minimal compared to its reserves of ₹8,608 Cr. This low leverage indicates a strong equity position and financial stability. The company recorded a price-to-book value (P/BV) ratio of 11.51x, suggesting that the stock is valued significantly higher than its book value, which may reflect investor confidence or growth expectations. The total assets stood at ₹13,809 Cr, up from ₹10,523 Cr in FY 2022, reinforcing the company’s growth trajectory. Moreover, the return on capital employed (ROCE) was reported at 25.3%, which is substantially above average for the sector, indicating effective utilization of capital. The current ratio of 1.86x further highlights the company’s liquidity position, ensuring it can meet short-term liabilities. Overall, Havells exhibits a robust balance sheet, although the high P/BV ratio could raise concerns regarding valuation sustainability.
Shareholding Pattern and Investor Confidence
The shareholding pattern of Havells India Ltd indicates strong promoter confidence, with promoters holding 59.38% of the equity as of September 2025. This stability is essential for investor confidence, as it reflects a commitment to the company’s long-term growth. Foreign institutional investors (FIIs) have decreased their stake to 19.28% from a peak of 24.19% in September 2023, which may signal cautious sentiment among international investors. Conversely, domestic institutional investors (DIIs) have increased their holdings to 15.35%, suggesting a positive outlook from local investors. The total number of shareholders rose to 266,872, reflecting growing retail interest in the stock. This diverse investor base is crucial for maintaining market stability and liquidity. Overall, while promoter confidence is strong, the fluctuations in FII holdings could pose risks to share price stability in the future.
Outlook, Risks, and Final Insight
Havells India Ltd is well-positioned for future growth, driven by its strong brand presence and diverse product portfolio. However, the company faces risks, including rising raw material costs and intense competition, which could pressure margins. The declining trend in FII investment may also affect stock performance if it continues. Nonetheless, the company’s strong fundamentals, reflected in its high ROE and low debt levels, provide a buffer against these challenges. Should the company manage operational efficiencies effectively and mitigate cost pressures, it could sustain its growth trajectory. Conversely, failure to adapt to market dynamics and maintain profitability could hinder its expansion plans. Overall, Havells presents a compelling investment case, but ongoing vigilance regarding market conditions and strategic execution will be essential for long-term success.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
Competitors
| Stock Name ⇩ | Market Cap ⇩ | Current Price ⇩ | High / Low ⇩ | Stock P/E ⇩ | Book Value ⇩ | Dividend Yield ⇩ | ROCE ⇩ | ROE ⇩ | Face Value ⇩ |
|---|---|---|---|---|---|---|---|---|---|
| Misquita Engineering Ltd | 51.6 Cr. | 110 | 142/78.1 | 303 | 30.6 | 0.00 % | 1.86 % | 1.92 % | 10.0 |
| IKIO Lighting Ltd | 1,146 Cr. | 148 | 304/143 | 60.3 | 74.5 | 0.00 % | 8.22 % | 5.55 % | 10.0 |
| Epack Durable Ltd | 2,402 Cr. | 250 | 421/216 | 58.6 | 99.4 | 0.00 % | 9.70 % | 5.98 % | 10.0 |
| Elin Electronics Ltd | 709 Cr. | 143 | 234/108 | 17.2 | 112 | 0.00 % | 6.97 % | 4.38 % | 5.00 |
| CWD Ltd | 624 Cr. | 281 | 425/162 | 73.2 | 47.9 | 0.00 % | 9.51 % | 5.78 % | 10.0 |
| Industry Average | 15,332.19 Cr | 1,046.69 | 65.33 | 124.51 | 0.20% | 14.89% | 11.51% | 6.44 |
Quarterly Result
| Metric | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 4,128 | 4,859 | 4,834 | 3,900 | 4,414 | 5,442 | 5,806 | 4,539 | 4,889 | 6,544 | 5,455 | 4,779 | 5,588 |
| Expenses | 3,704 | 4,332 | 4,432 | 3,527 | 3,981 | 4,807 | 5,234 | 4,164 | 4,462 | 5,787 | 4,940 | 4,341 | 5,072 |
| Operating Profit | 424 | 527 | 402 | 373 | 433 | 635 | 572 | 375 | 426 | 757 | 516 | 438 | 516 |
| OPM % | 10% | 11% | 8% | 10% | 10% | 12% | 10% | 8% | 9% | 12% | 9% | 9% | 9% |
| Other Income | 40 | 47 | 65 | 52 | 56 | 76 | 77 | 93 | 64 | 69 | 69 | 91 | 9 |
| Interest | 7 | 10 | 8 | 9 | 10 | 18 | 9 | 10 | 9 | 15 | 9 | 9 | 9 |
| Depreciation | 75 | 77 | 76 | 81 | 88 | 93 | 92 | 95 | 104 | 110 | 106 | 106 | 109 |
| Profit before tax | 381 | 487 | 382 | 335 | 391 | 599 | 549 | 363 | 377 | 701 | 470 | 415 | 408 |
| Tax % | 26% | 26% | 25% | 26% | 26% | 25% | 26% | 26% | 26% | 26% | 26% | 23% | 26% |
| Net Profit | 284 | 358 | 287 | 249 | 288 | 447 | 408 | 268 | 278 | 517 | 348 | 318 | 300 |
| EPS in Rs | 4.53 | 5.71 | 4.58 | 3.97 | 4.59 | 7.13 | 6.51 | 4.28 | 4.44 | 8.26 | 5.55 | 5.09 | 4.80 |
Last Updated: February 6, 2026, 11:17 pm
Below is a detailed analysis of the quarterly data for Havells India Ltd based on the most recent figures (Dec 2025) and their trends compared to the previous period:
- For Sales, as of Dec 2025, the value is 5,588.00 Cr.. The value appears strong and on an upward trend. It has increased from 4,779.00 Cr. (Sep 2025) to 5,588.00 Cr., marking an increase of 809.00 Cr..
- For Expenses, as of Dec 2025, the value is 5,072.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 4,341.00 Cr. (Sep 2025) to 5,072.00 Cr., marking an increase of 731.00 Cr..
- For Operating Profit, as of Dec 2025, the value is 516.00 Cr.. The value appears strong and on an upward trend. It has increased from 438.00 Cr. (Sep 2025) to 516.00 Cr., marking an increase of 78.00 Cr..
- For OPM %, as of Dec 2025, the value is 9.00%. The value remains steady. There is no change compared to the previous period (Sep 2025) which recorded 9.00%.
- For Other Income, as of Dec 2025, the value is 9.00 Cr.. The value appears to be declining and may need further review. It has decreased from 91.00 Cr. (Sep 2025) to 9.00 Cr., marking a decrease of 82.00 Cr..
- For Interest, as of Dec 2025, the value is 9.00 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2025) which recorded 9.00 Cr..
- For Depreciation, as of Dec 2025, the value is 109.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 106.00 Cr. (Sep 2025) to 109.00 Cr., marking an increase of 3.00 Cr..
- For Profit before tax, as of Dec 2025, the value is 408.00 Cr.. The value appears to be declining and may need further review. It has decreased from 415.00 Cr. (Sep 2025) to 408.00 Cr., marking a decrease of 7.00 Cr..
- For Tax %, as of Dec 2025, the value is 26.00%. The value appears to be increasing, which may not be favorable. It has increased from 23.00% (Sep 2025) to 26.00%, marking an increase of 3.00%.
- For Net Profit, as of Dec 2025, the value is 300.00 Cr.. The value appears to be declining and may need further review. It has decreased from 318.00 Cr. (Sep 2025) to 300.00 Cr., marking a decrease of 18.00 Cr..
- For EPS in Rs, as of Dec 2025, the value is 4.80. The value appears to be declining and may need further review. It has decreased from 5.09 (Sep 2025) to 4.80, marking a decrease of 0.29.
Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.
Profit & Loss - Annual Report
Last Updated: December 15, 2025, 5:45 am
| Metric | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 8,051 | 8,468 | 7,594 | 6,130 | 8,116 | 10,073 | 9,440 | 10,457 | 13,938 | 16,911 | 18,590 | 21,778 | 21,667 |
| Expenses | 7,274 | 7,713 | 6,798 | 5,315 | 7,083 | 8,885 | 8,374 | 8,868 | 12,163 | 15,290 | 16,709 | 19,603 | 19,530 |
| Operating Profit | 777 | 755 | 796 | 815 | 1,033 | 1,189 | 1,067 | 1,589 | 1,775 | 1,621 | 1,881 | 2,175 | 2,138 |
| OPM % | 10% | 9% | 10% | 13% | 13% | 12% | 11% | 15% | 13% | 10% | 10% | 10% | 10% |
| Other Income | 35 | 48 | 949 | 42 | 97 | 124 | 107 | 187 | 159 | 178 | 249 | 288 | 293 |
| Interest | 102 | 96 | 91 | 13 | 25 | 16 | 51 | 90 | 67 | 55 | 84 | 72 | 43 |
| Depreciation | 116 | 139 | 134 | 121 | 140 | 149 | 218 | 249 | 261 | 296 | 338 | 400 | 425 |
| Profit before tax | 594 | 569 | 1,520 | 723 | 965 | 1,147 | 904 | 1,438 | 1,607 | 1,447 | 1,707 | 1,990 | 1,963 |
| Tax % | 25% | 32% | 14% | 32% | 31% | 31% | 19% | 27% | 26% | 26% | 26% | 26% | |
| Net Profit | 446 | 385 | 1,300 | 494 | 661 | 788 | 735 | 1,044 | 1,196 | 1,072 | 1,271 | 1,470 | 1,461 |
| EPS in Rs | 7.15 | 6.17 | 20.82 | 7.91 | 10.60 | 12.59 | 11.75 | 16.68 | 19.10 | 17.11 | 20.28 | 23.48 | 23.34 |
| Dividend Payout % | 42% | 49% | 29% | 44% | 4% | 36% | 34% | 39% | 39% | 44% | 44% | 43% |
YoY Net Profit Growth
| Year | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| YoY Net Profit Growth (%) | -13.68% | 237.66% | -62.00% | 33.81% | 19.21% | -6.73% | 42.04% | 14.56% | -10.37% | 18.56% | 15.66% |
| Change in YoY Net Profit Growth (%) | 0.00% | 251.34% | -299.66% | 95.81% | -14.59% | -25.94% | 48.77% | -27.48% | -24.93% | 28.93% | -2.91% |
Havells India Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.
Growth
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 18% |
| 3 Years: | 16% |
| TTM: | 10% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 15% |
| 3 Years: | 7% |
| TTM: | 1% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 20% |
| 5 Years: | 20% |
| 3 Years: | 5% |
| 1 Year: | -17% |
| Return on Equity | |
|---|---|
| 10 Years: | 19% |
| 5 Years: | 19% |
| 3 Years: | 18% |
| Last Year: | 19% |
Last Updated: September 4, 2025, 9:35 pm
Balance Sheet
Last Updated: January 7, 2026, 3:16 pm
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 62 | 62 | 62 | 62 | 63 | 63 | 63 | 63 | 63 | 63 | 63 | 63 | 63 |
| Reserves | 1,604 | 1,756 | 2,965 | 3,214 | 3,667 | 4,135 | 4,249 | 5,114 | 5,940 | 6,563 | 7,384 | 8,261 | 8,608 |
| Borrowings | 1,054 | 424 | 134 | 208 | 115 | 94 | 72 | 521 | 616 | 223 | 303 | 319 | 286 |
| Other Liabilities | 2,613 | 2,546 | 1,225 | 1,683 | 2,763 | 2,856 | 2,690 | 3,155 | 3,904 | 4,309 | 4,683 | 5,167 | 4,690 |
| Total Liabilities | 5,332 | 4,788 | 4,387 | 5,168 | 6,608 | 7,148 | 7,073 | 8,852 | 10,523 | 11,157 | 12,433 | 13,809 | 13,647 |
| Fixed Assets | 1,600 | 1,541 | 1,224 | 1,300 | 2,819 | 2,904 | 3,350 | 3,290 | 3,434 | 3,621 | 3,988 | 4,652 | 4,651 |
| CWIP | 44 | 38 | 20 | 12 | 24 | 233 | 86 | 90 | 57 | 166 | 299 | 118 | 475 |
| Investments | 0 | 0 | 189 | 162 | 0 | 0 | 0 | 306 | 426 | 201 | 20 | 11 | 616 |
| Other Assets | 3,688 | 3,209 | 2,954 | 3,694 | 3,765 | 4,012 | 3,638 | 5,166 | 6,606 | 7,170 | 8,126 | 9,028 | 7,905 |
| Total Assets | 5,332 | 4,788 | 4,387 | 5,168 | 6,608 | 7,148 | 7,073 | 8,852 | 10,523 | 11,157 | 12,433 | 13,809 | 13,647 |
Below is a detailed analysis of the balance sheet data for Havells India Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:
- For Equity Capital, as of Sep 2025, the value is 63.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 63.00 Cr..
- For Reserves, as of Sep 2025, the value is 8,608.00 Cr.. The value appears strong and on an upward trend. It has increased from 8,261.00 Cr. (Mar 2025) to 8,608.00 Cr., marking an increase of 347.00 Cr..
- For Borrowings, as of Sep 2025, the value is 286.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 319.00 Cr. (Mar 2025) to 286.00 Cr., marking a decrease of 33.00 Cr..
- For Other Liabilities, as of Sep 2025, the value is 4,690.00 Cr.. The value appears to be improving (decreasing). It has decreased from 5,167.00 Cr. (Mar 2025) to 4,690.00 Cr., marking a decrease of 477.00 Cr..
- For Total Liabilities, as of Sep 2025, the value is 13,647.00 Cr.. The value appears to be improving (decreasing). It has decreased from 13,809.00 Cr. (Mar 2025) to 13,647.00 Cr., marking a decrease of 162.00 Cr..
- For Fixed Assets, as of Sep 2025, the value is 4,651.00 Cr.. The value appears to be declining and may need further review. It has decreased from 4,652.00 Cr. (Mar 2025) to 4,651.00 Cr., marking a decrease of 1.00 Cr..
- For CWIP, as of Sep 2025, the value is 475.00 Cr.. The value appears strong and on an upward trend. It has increased from 118.00 Cr. (Mar 2025) to 475.00 Cr., marking an increase of 357.00 Cr..
- For Investments, as of Sep 2025, the value is 616.00 Cr.. The value appears strong and on an upward trend. It has increased from 11.00 Cr. (Mar 2025) to 616.00 Cr., marking an increase of 605.00 Cr..
- For Other Assets, as of Sep 2025, the value is 7,905.00 Cr.. The value appears to be declining and may need further review. It has decreased from 9,028.00 Cr. (Mar 2025) to 7,905.00 Cr., marking a decrease of 1,123.00 Cr..
- For Total Assets, as of Sep 2025, the value is 13,647.00 Cr.. The value appears to be declining and may need further review. It has decreased from 13,809.00 Cr. (Mar 2025) to 13,647.00 Cr., marking a decrease of 162.00 Cr..
Notably, the Reserves (8,608.00 Cr.) exceed the Borrowings (286.00 Cr.), indicating a solid financial buffer.
Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.
Cash Flow
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Free Cash Flow
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Free Cash Flow | 776.00 | 331.00 | 662.00 | 607.00 | -114.00 | -93.00 | -71.00 | -520.00 | -615.00 | -222.00 | -302.00 | -317.00 |
Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)
Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.
Financial Efficiency Indicators
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 45 | 27 | 11 | 14 | 15 | 15 | 9 | 20 | 20 | 21 | 23 | 21 |
| Inventory Days | 121 | 103 | 70 | 99 | 124 | 115 | 121 | 153 | 119 | 119 | 102 | 104 |
| Days Payable | 98 | 79 | 42 | 66 | 125 | 94 | 92 | 93 | 95 | 85 | 81 | 78 |
| Cash Conversion Cycle | 69 | 51 | 39 | 46 | 14 | 36 | 39 | 79 | 44 | 55 | 44 | 47 |
| Working Capital Days | 11 | -6 | -3 | -8 | -17 | -0 | 1 | 20 | 7 | 25 | 11 | 12 |
| ROCE % | 27% | 27% | 28% | 25% | 27% | 29% | 22% | 30% | 27% | 22% | 24% | 25% |
Mutual Fund Holdings
| Fund Name | No of Shares | AUM (%) | Amount Invested (Cr) | Previous Number of Shares | Previous Date | Percentage Change |
|---|---|---|---|---|---|---|
| HDFC Flexi Cap Fund | 4,900,000 | 0.73 | 698.2 | N/A | N/A | N/A |
| HDFC Large Cap Fund | 4,329,230 | 1.52 | 616.87 | 3,350,052 | 2025-12-15 00:43:04 | 29.23% |
| HDFC Focused Fund | 3,711,922 | 1.99 | 528.91 | 2,725,000 | 2026-01-26 02:17:35 | 36.22% |
| Nippon India Large Cap Fund | 1,999,430 | 0.56 | 284.9 | N/A | N/A | N/A |
| UTI Flexi Cap Fund | 1,880,000 | 1.08 | 267.88 | 1,897,000 | 2025-12-15 00:43:04 | -0.9% |
| HDFC Hybrid Equity Fund | 1,600,000 | 0.93 | 227.98 | 1,350,000 | 2025-12-15 00:43:04 | 18.52% |
| Nippon India ELSS Tax Saver Fund | 1,100,000 | 1.03 | 156.74 | N/A | N/A | N/A |
| HDFC Multi Cap Fund | 991,926 | 0.71 | 141.34 | 944,465 | 2026-01-26 02:17:35 | 5.03% |
| HDFC ELSS Tax Saver Fund | 900,000 | 0.75 | 128.24 | N/A | N/A | N/A |
| HDFC Manufacturing Fund | 875,000 | 1.13 | 124.68 | N/A | N/A | N/A |
Key Financial Ratios
| Month | Mar 25 | Mar 24 | Mar 23 | Mar 22 | Mar 21 |
|---|---|---|---|---|---|
| FaceValue | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Basic EPS (Rs.) | 23.49 | 20.28 | 17.11 | 19.11 | 16.68 |
| Diluted EPS (Rs.) | 23.48 | 20.28 | 17.11 | 19.10 | 16.68 |
| Cash EPS (Rs.) | 29.84 | 25.68 | 21.83 | 23.27 | 20.66 |
| Book Value[Excl.RevalReserv]/Share (Rs.) | 132.78 | 118.82 | 105.75 | 95.85 | 82.69 |
| Book Value[Incl.RevalReserv]/Share (Rs.) | 132.78 | 118.82 | 105.75 | 95.85 | 82.69 |
| Revenue From Operations / Share (Rs.) | 347.39 | 296.63 | 269.92 | 222.55 | 167.05 |
| PBDIT / Share (Rs.) | 38.83 | 33.37 | 28.36 | 30.67 | 28.10 |
| PBIT / Share (Rs.) | 32.44 | 27.97 | 23.63 | 26.50 | 24.13 |
| PBT / Share (Rs.) | 31.75 | 27.24 | 23.10 | 25.65 | 22.96 |
| Net Profit / Share (Rs.) | 23.45 | 20.28 | 17.11 | 19.10 | 16.68 |
| NP After MI And SOA / Share (Rs.) | 23.48 | 20.28 | 17.11 | 19.10 | 16.68 |
| PBDIT Margin (%) | 11.17 | 11.25 | 10.50 | 13.78 | 16.82 |
| PBIT Margin (%) | 9.33 | 9.43 | 8.75 | 11.90 | 14.44 |
| PBT Margin (%) | 9.13 | 9.18 | 8.55 | 11.52 | 13.74 |
| Net Profit Margin (%) | 6.75 | 6.83 | 6.33 | 8.58 | 9.98 |
| NP After MI And SOA Margin (%) | 6.76 | 6.83 | 6.33 | 8.58 | 9.98 |
| Return on Networth / Equity (%) | 17.68 | 17.06 | 16.17 | 19.93 | 20.17 |
| Return on Capital Employeed (%) | 22.51 | 21.51 | 20.22 | 24.09 | 24.86 |
| Return On Assets (%) | 10.66 | 10.22 | 9.60 | 11.36 | 11.79 |
| Long Term Debt / Equity (X) | 0.00 | 0.00 | 0.00 | 0.04 | 0.07 |
| Total Debt / Equity (X) | 0.00 | 0.00 | 0.00 | 0.06 | 0.09 |
| Asset Turnover Ratio (%) | 1.66 | 1.58 | 1.56 | 1.43 | 1.31 |
| Current Ratio (X) | 1.86 | 1.84 | 1.84 | 1.82 | 1.92 |
| Quick Ratio (X) | 1.01 | 1.05 | 0.87 | 1.00 | 0.97 |
| Inventory Turnover Ratio (X) | 5.84 | 5.22 | 2.79 | 2.78 | 2.40 |
| Dividend Payout Ratio (NP) (%) | 42.58 | 36.98 | 43.84 | 15.70 | 17.98 |
| Dividend Payout Ratio (CP) (%) | 33.47 | 29.20 | 34.35 | 12.89 | 14.52 |
| Earning Retention Ratio (%) | 57.42 | 63.02 | 56.16 | 84.30 | 82.02 |
| Cash Earning Retention Ratio (%) | 66.53 | 70.80 | 65.65 | 87.11 | 85.48 |
| Interest Coverage Ratio (X) | 56.29 | 45.76 | 52.85 | 35.96 | 24.20 |
| Interest Coverage Ratio (Post Tax) (X) | 35.00 | 28.80 | 32.88 | 23.40 | 15.37 |
| Enterprise Value (Cr.) | 92407.45 | 91897.48 | 72586.22 | 70119.44 | 64563.15 |
| EV / Net Operating Revenue (X) | 4.24 | 4.94 | 4.29 | 5.03 | 6.17 |
| EV / EBITDA (X) | 37.96 | 43.94 | 40.85 | 36.50 | 36.70 |
| MarketCap / Net Operating Revenue (X) | 4.40 | 5.11 | 4.40 | 5.18 | 6.28 |
| Retention Ratios (%) | 57.41 | 63.01 | 56.15 | 84.29 | 82.01 |
| Price / BV (X) | 11.51 | 12.75 | 11.24 | 12.04 | 12.70 |
| Price / Net Operating Revenue (X) | 4.40 | 5.11 | 4.40 | 5.18 | 6.28 |
| EarningsYield | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
After reviewing the key financial ratios for Havells India Ltd, here is a detailed analysis based on the latest available data and recent trends:
- For FaceValue, as of Mar 25, the value is 1.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 1.00.
- For Basic EPS (Rs.), as of Mar 25, the value is 23.49. This value is within the healthy range. It has increased from 20.28 (Mar 24) to 23.49, marking an increase of 3.21.
- For Diluted EPS (Rs.), as of Mar 25, the value is 23.48. This value is within the healthy range. It has increased from 20.28 (Mar 24) to 23.48, marking an increase of 3.20.
- For Cash EPS (Rs.), as of Mar 25, the value is 29.84. This value is within the healthy range. It has increased from 25.68 (Mar 24) to 29.84, marking an increase of 4.16.
- For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 132.78. It has increased from 118.82 (Mar 24) to 132.78, marking an increase of 13.96.
- For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 132.78. It has increased from 118.82 (Mar 24) to 132.78, marking an increase of 13.96.
- For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 347.39. It has increased from 296.63 (Mar 24) to 347.39, marking an increase of 50.76.
- For PBDIT / Share (Rs.), as of Mar 25, the value is 38.83. This value is within the healthy range. It has increased from 33.37 (Mar 24) to 38.83, marking an increase of 5.46.
- For PBIT / Share (Rs.), as of Mar 25, the value is 32.44. This value is within the healthy range. It has increased from 27.97 (Mar 24) to 32.44, marking an increase of 4.47.
- For PBT / Share (Rs.), as of Mar 25, the value is 31.75. This value is within the healthy range. It has increased from 27.24 (Mar 24) to 31.75, marking an increase of 4.51.
- For Net Profit / Share (Rs.), as of Mar 25, the value is 23.45. This value is within the healthy range. It has increased from 20.28 (Mar 24) to 23.45, marking an increase of 3.17.
- For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 23.48. This value is within the healthy range. It has increased from 20.28 (Mar 24) to 23.48, marking an increase of 3.20.
- For PBDIT Margin (%), as of Mar 25, the value is 11.17. This value is within the healthy range. It has decreased from 11.25 (Mar 24) to 11.17, marking a decrease of 0.08.
- For PBIT Margin (%), as of Mar 25, the value is 9.33. This value is below the healthy minimum of 10. It has decreased from 9.43 (Mar 24) to 9.33, marking a decrease of 0.10.
- For PBT Margin (%), as of Mar 25, the value is 9.13. This value is below the healthy minimum of 10. It has decreased from 9.18 (Mar 24) to 9.13, marking a decrease of 0.05.
- For Net Profit Margin (%), as of Mar 25, the value is 6.75. This value is within the healthy range. It has decreased from 6.83 (Mar 24) to 6.75, marking a decrease of 0.08.
- For NP After MI And SOA Margin (%), as of Mar 25, the value is 6.76. This value is below the healthy minimum of 8. It has decreased from 6.83 (Mar 24) to 6.76, marking a decrease of 0.07.
- For Return on Networth / Equity (%), as of Mar 25, the value is 17.68. This value is within the healthy range. It has increased from 17.06 (Mar 24) to 17.68, marking an increase of 0.62.
- For Return on Capital Employeed (%), as of Mar 25, the value is 22.51. This value is within the healthy range. It has increased from 21.51 (Mar 24) to 22.51, marking an increase of 1.00.
- For Return On Assets (%), as of Mar 25, the value is 10.66. This value is within the healthy range. It has increased from 10.22 (Mar 24) to 10.66, marking an increase of 0.44.
- For Long Term Debt / Equity (X), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 0.2. There is no change compared to the previous period (Mar 24) which recorded 0.00.
- For Total Debt / Equity (X), as of Mar 25, the value is 0.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 0.00.
- For Asset Turnover Ratio (%), as of Mar 25, the value is 1.66. It has increased from 1.58 (Mar 24) to 1.66, marking an increase of 0.08.
- For Current Ratio (X), as of Mar 25, the value is 1.86. This value is within the healthy range. It has increased from 1.84 (Mar 24) to 1.86, marking an increase of 0.02.
- For Quick Ratio (X), as of Mar 25, the value is 1.01. This value is within the healthy range. It has decreased from 1.05 (Mar 24) to 1.01, marking a decrease of 0.04.
- For Inventory Turnover Ratio (X), as of Mar 25, the value is 5.84. This value is within the healthy range. It has increased from 5.22 (Mar 24) to 5.84, marking an increase of 0.62.
- For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 42.58. This value is within the healthy range. It has increased from 36.98 (Mar 24) to 42.58, marking an increase of 5.60.
- For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 33.47. This value is within the healthy range. It has increased from 29.20 (Mar 24) to 33.47, marking an increase of 4.27.
- For Earning Retention Ratio (%), as of Mar 25, the value is 57.42. This value is within the healthy range. It has decreased from 63.02 (Mar 24) to 57.42, marking a decrease of 5.60.
- For Cash Earning Retention Ratio (%), as of Mar 25, the value is 66.53. This value is within the healthy range. It has decreased from 70.80 (Mar 24) to 66.53, marking a decrease of 4.27.
- For Interest Coverage Ratio (X), as of Mar 25, the value is 56.29. This value is within the healthy range. It has increased from 45.76 (Mar 24) to 56.29, marking an increase of 10.53.
- For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 35.00. This value is within the healthy range. It has increased from 28.80 (Mar 24) to 35.00, marking an increase of 6.20.
- For Enterprise Value (Cr.), as of Mar 25, the value is 92,407.45. It has increased from 91,897.48 (Mar 24) to 92,407.45, marking an increase of 509.97.
- For EV / Net Operating Revenue (X), as of Mar 25, the value is 4.24. This value exceeds the healthy maximum of 3. It has decreased from 4.94 (Mar 24) to 4.24, marking a decrease of 0.70.
- For EV / EBITDA (X), as of Mar 25, the value is 37.96. This value exceeds the healthy maximum of 15. It has decreased from 43.94 (Mar 24) to 37.96, marking a decrease of 5.98.
- For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 4.40. This value exceeds the healthy maximum of 3. It has decreased from 5.11 (Mar 24) to 4.40, marking a decrease of 0.71.
- For Retention Ratios (%), as of Mar 25, the value is 57.41. This value is within the healthy range. It has decreased from 63.01 (Mar 24) to 57.41, marking a decrease of 5.60.
- For Price / BV (X), as of Mar 25, the value is 11.51. This value exceeds the healthy maximum of 3. It has decreased from 12.75 (Mar 24) to 11.51, marking a decrease of 1.24.
- For Price / Net Operating Revenue (X), as of Mar 25, the value is 4.40. This value exceeds the healthy maximum of 3. It has decreased from 5.11 (Mar 24) to 4.40, marking a decrease of 0.71.
- For EarningsYield, as of Mar 25, the value is 0.01. This value is below the healthy minimum of 5. There is no change compared to the previous period (Mar 24) which recorded 0.01.
Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.
Strength and Weakness
| Strength | Weakness |
|---|---|
|
|
Stock Analysis
- Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Havells India Ltd:
- Net Profit Margin: 6.75%
- Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
- ROCE: 22.51% (Industry Average ROCE: 14.89%)
- ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
- ROE%: 17.68% (Industry Average ROE: 11.51%)
- ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
- Interest Coverage Ratio (Post Tax): 35
- Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
- Quick Ratio: 1.01
- Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
- Stock P/E: 58 (Industry average Stock P/E: 65.33)
- Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
- Total Debt / Equity: 0
- Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
Stock Rating: - Net Profit Margin: 6.75%
About the Company - Qualitative Analysis
| INDUSTRY | ADDRESS | CONTACT |
|---|---|---|
| Consumer Electronics | 904, 9th Floor, Surya Kiran Building, New Delhi Delhi 110001 | Contact not found |
| Management | |
|---|---|
| Name | Position Held |
| Mr. Anil Rai Gupta | Chairman & Managing Director |
| Mr. Rajesh Kumar Gupta | WholeTime Director & Group CFO |
| Mr. Ameet Kumar Gupta | Whole Time Director |
| Mr. Siddhartha Pandit | Whole Time Director |
| Mr. Surjit Kumar Gupta | Non Exe.Non Ind.Director |
| Mr. Puneet Bhatia | Non Exe.Non Ind.Director |
| Mr. T V Mohandas Pai | Non Exe.Non Ind.Director |
| Mr. Ashish Bharat Ram | Independent Director |
| Ms. Namrata Kaul | Independent Director |
| Mr. B Prasada Rao | Independent Director |
| Mr. Vivek Mehra | Independent Director |
| Mr. Upendra Kumar Sinha | Independent Director |
| Mr. Jalaj Ashwin Dani | Independent Director |
| Mr. Subhash S Mundra | Independent Director |
FAQ
What is the intrinsic value of Havells India Ltd?
Havells India Ltd's intrinsic value (as of 14 February 2026) is ₹1261.95 which is 10.12% lower the current market price of ₹1,404.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's ₹88,117 Cr. market cap, FY2025-2026 high/low of ₹1,674/1,250, reserves of ₹8,608 Cr, and liabilities of ₹13,647 Cr.
What is the Market Cap of Havells India Ltd?
The Market Cap of Havells India Ltd is 88,117 Cr..
What is the current Stock Price of Havells India Ltd as on 14 February 2026?
The current stock price of Havells India Ltd as on 14 February 2026 is ₹1,404.
What is the High / Low of Havells India Ltd stocks in FY 2025-2026?
In FY 2025-2026, the High / Low of Havells India Ltd stocks is ₹1,674/1,250.
What is the Stock P/E of Havells India Ltd?
The Stock P/E of Havells India Ltd is 58.0.
What is the Book Value of Havells India Ltd?
The Book Value of Havells India Ltd is 138.
What is the Dividend Yield of Havells India Ltd?
The Dividend Yield of Havells India Ltd is 0.71 %.
What is the ROCE of Havells India Ltd?
The ROCE of Havells India Ltd is 25.3 %.
What is the ROE of Havells India Ltd?
The ROE of Havells India Ltd is 18.8 %.
What is the Face Value of Havells India Ltd?
The Face Value of Havells India Ltd is 1.00.