Share Price and Basic Stock Data
Last Updated: November 6, 2025, 8:01 pm
| PEG Ratio | 18.40 |
|---|
Analyst Insight & Comprehensive Analysis
Business Overview and Revenue Trends
Havells India Ltd operates in the consumer electronics sector and reported a share price of ₹1,481 with a market capitalization of ₹92,872 Cr. The company has shown a consistent upward trajectory in revenue, with sales rising from ₹13,938 Cr in FY 2022 to ₹16,911 Cr in FY 2023, and projected to reach ₹18,590 Cr in FY 2024. The quarterly sales figures reflect this trend, with the most recent quarter ending June 2025 recording sales of ₹5,455 Cr. This growth trajectory is indicative of Havells’ strong market presence and operational efficiency. The company’s sales in the previous fiscal years have displayed seasonal fluctuations, with the highest quarterly sales recorded at ₹6,544 Cr in Mar 2025, demonstrating the company’s capability to capitalize on peak demand periods effectively.
Profitability and Efficiency Metrics
Havells India Ltd’s profitability metrics reveal a robust operational framework, with a reported net profit of ₹1,410 Cr for the trailing twelve months (TTM). The operating profit margin (OPM) stood at 9%, while the return on equity (ROE) was recorded at 18.8%. The company’s interest coverage ratio (ICR) was notably high at 56.29x, indicating strong earnings relative to interest obligations. However, the OPM has experienced fluctuations, peaking at 12% in Mar 2024 and declining to 9% in the latest quarter of Jun 2025. This trend suggests challenges in maintaining margins amidst rising costs or competitive pressures. Notably, the company reported a consistent net profit margin around 6.75% in FY 2025, which is relatively low compared to industry averages, indicating potential room for improvement in cost management strategies.
Balance Sheet Strength and Financial Ratios
The balance sheet of Havells India Ltd reflects a solid financial standing, with total assets amounting to ₹13,809 Cr and reserves reported at ₹8,261 Cr. The company has maintained low borrowings, with total borrowings recorded at ₹319 Cr, which translates to a debt-to-equity ratio of 0.00, indicating minimal reliance on external debt. The current ratio stood at 1.86, demonstrating adequate liquidity to cover short-term liabilities. Additionally, the price-to-book value (P/BV) ratio was reported at 11.51x, suggesting that the stock may be trading at a premium relative to its book value, which could reflect investor confidence. The return on capital employed (ROCE) was robust at 25.3%, underscoring effective utilization of capital in generating earnings. This strong balance sheet positioning provides a buffer against market volatility and supports future growth initiatives.
Shareholding Pattern and Investor Confidence
The shareholding pattern of Havells India Ltd indicates a diverse ownership structure, with promoters holding 59.38%, foreign institutional investors (FIIs) at 19.28%, domestic institutional investors (DIIs) at 15.35%, and the public at 5.81%. This distribution reflects a healthy level of institutional interest, which is often a positive indicator of investor confidence. Notably, FIIs have seen a decline from 23.11% in Mar 2023 to 22.31% in Mar 2025, suggesting a cautious sentiment among foreign investors. Conversely, DIIs have increased their stake from 10.27% to 12.63% during the same period, indicating growing confidence among domestic institutions. The total number of shareholders rose to 2,66,872, further demonstrating increasing retail participation, which can provide stability to the stock price in volatile market conditions.
Outlook, Risks, and Final Insight
The outlook for Havells India Ltd remains positive, given its strong revenue growth and profitability metrics. However, potential risks include fluctuations in raw material prices, which could impact margins, and increasing competition in the consumer electronics sector. Additionally, the decreasing trend in foreign institutional investment may pose a challenge to maintaining stock performance. Nevertheless, the company’s solid balance sheet, characterized by minimal debt and strong liquidity, positions it well to navigate these challenges. In light of these factors, Havells should focus on enhancing operational efficiencies and exploring new market opportunities to sustain its growth momentum. Overall, the company is well-placed to leverage its strengths while addressing inherent risks to maximize shareholder value.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
Competitors of Havells India Ltd
| Stock Name ⇩ | Market Cap ⇩ | Current Price ⇩ | High / Low ⇩ | Stock P/E ⇩ | Book Value ⇩ | Dividend Yield ⇩ | ROCE ⇩ | ROE ⇩ | Face Value ⇩ |
|---|---|---|---|---|---|---|---|---|---|
| Misquita Engineering Ltd | 49.7 Cr. | 106 | 152/78.1 | 226 | 30.4 | 0.00 % | 1.86 % | 1.92 % | 10.0 |
| IKIO Lighting Ltd | 1,614 Cr. | 209 | 304/165 | 78.1 | 72.5 | 0.00 % | 8.22 % | 5.55 % | 10.0 |
| Epack Durable Ltd | 2,904 Cr. | 301 | 674/292 | 71.1 | 99.4 | 0.00 % | 9.70 % | 5.98 % | 10.0 |
| Elin Electronics Ltd | 1,020 Cr. | 206 | 238/108 | 31.1 | 108 | 0.00 % | 6.97 % | 4.38 % | 5.00 |
| CWD Ltd | 712 Cr. | 1,620 | 1,765/590 | 284 | 154 | 0.00 % | 9.51 % | 5.78 % | 10.0 |
| Industry Average | 16,982.56 Cr | 1,361.62 | 73.50 | 129.84 | 0.18% | 14.89% | 11.51% | 6.44 |
Quarterly Result
| Metric | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 4,244 | 3,679 | 4,128 | 4,859 | 4,834 | 3,900 | 4,414 | 5,442 | 5,806 | 4,539 | 4,889 | 6,544 | 5,455 |
| Expenses | 3,883 | 3,393 | 3,704 | 4,332 | 4,432 | 3,527 | 3,981 | 4,807 | 5,234 | 4,164 | 4,462 | 5,787 | 4,940 |
| Operating Profit | 362 | 287 | 424 | 527 | 402 | 373 | 433 | 635 | 572 | 375 | 426 | 757 | 516 |
| OPM % | 9% | 8% | 10% | 11% | 8% | 10% | 10% | 12% | 10% | 8% | 9% | 12% | 9% |
| Other Income | 48 | 44 | 40 | 47 | 65 | 52 | 56 | 76 | 77 | 93 | 64 | 69 | 69 |
| Interest | 10 | 7 | 7 | 10 | 8 | 9 | 10 | 18 | 9 | 10 | 9 | 15 | 9 |
| Depreciation | 72 | 72 | 75 | 77 | 76 | 81 | 88 | 93 | 92 | 95 | 104 | 110 | 106 |
| Profit before tax | 327 | 252 | 381 | 487 | 382 | 335 | 391 | 599 | 549 | 363 | 377 | 701 | 470 |
| Tax % | 26% | 26% | 26% | 26% | 25% | 26% | 26% | 25% | 26% | 26% | 26% | 26% | 26% |
| Net Profit | 243 | 187 | 284 | 358 | 287 | 249 | 288 | 447 | 408 | 268 | 278 | 517 | 348 |
| EPS in Rs | 3.88 | 2.98 | 4.53 | 5.71 | 4.58 | 3.97 | 4.59 | 7.13 | 6.51 | 4.28 | 4.44 | 8.26 | 5.55 |
Last Updated: August 2, 2025, 1:10 am
Below is a detailed analysis of the quarterly data for Havells India Ltd based on the most recent figures (Jun 2025) and their trends compared to the previous period:
- For Sales, as of Jun 2025, the value is 5,455.00 Cr.. The value appears to be declining and may need further review. It has decreased from 6,544.00 Cr. (Mar 2025) to 5,455.00 Cr., marking a decrease of 1,089.00 Cr..
- For Expenses, as of Jun 2025, the value is 4,940.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 5,787.00 Cr. (Mar 2025) to 4,940.00 Cr., marking a decrease of 847.00 Cr..
- For Operating Profit, as of Jun 2025, the value is 516.00 Cr.. The value appears to be declining and may need further review. It has decreased from 757.00 Cr. (Mar 2025) to 516.00 Cr., marking a decrease of 241.00 Cr..
- For OPM %, as of Jun 2025, the value is 9.00%. The value appears to be declining and may need further review. It has decreased from 12.00% (Mar 2025) to 9.00%, marking a decrease of 3.00%.
- For Other Income, as of Jun 2025, the value is 69.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 69.00 Cr..
- For Interest, as of Jun 2025, the value is 9.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 15.00 Cr. (Mar 2025) to 9.00 Cr., marking a decrease of 6.00 Cr..
- For Depreciation, as of Jun 2025, the value is 106.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 110.00 Cr. (Mar 2025) to 106.00 Cr., marking a decrease of 4.00 Cr..
- For Profit before tax, as of Jun 2025, the value is 470.00 Cr.. The value appears to be declining and may need further review. It has decreased from 701.00 Cr. (Mar 2025) to 470.00 Cr., marking a decrease of 231.00 Cr..
- For Tax %, as of Jun 2025, the value is 26.00%. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 26.00%.
- For Net Profit, as of Jun 2025, the value is 348.00 Cr.. The value appears to be declining and may need further review. It has decreased from 517.00 Cr. (Mar 2025) to 348.00 Cr., marking a decrease of 169.00 Cr..
- For EPS in Rs, as of Jun 2025, the value is 5.55. The value appears to be declining and may need further review. It has decreased from 8.26 (Mar 2025) to 5.55, marking a decrease of 2.71.
Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.
Profit & Loss - Annual Report
Last Updated: July 22, 2025, 4:17 pm
| 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 | 21,427 |
| 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 | 19,353 |
| Operating Profit | 777 | 755 | 796 | 815 | 1,033 | 1,189 | 1,067 | 1,589 | 1,775 | 1,621 | 1,881 | 2,175 | 2,074 |
| 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 | 295 |
| Interest | 102 | 96 | 91 | 13 | 25 | 16 | 51 | 90 | 67 | 55 | 84 | 72 | 44 |
| Depreciation | 116 | 139 | 134 | 121 | 140 | 149 | 218 | 249 | 261 | 296 | 338 | 400 | 414 |
| Profit before tax | 594 | 569 | 1,520 | 723 | 965 | 1,147 | 904 | 1,438 | 1,607 | 1,447 | 1,707 | 1,990 | 1,911 |
| 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 | 1,410 |
| 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 | 22.53 |
| 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: June 16, 2025, 12:36 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 62 | 62 | 62 | 62 | 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 |
| Borrowings | 1,054 | 424 | 134 | 208 | 115 | 94 | 72 | 521 | 616 | 223 | 303 | 319 |
| 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 |
| 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 |
| 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 |
| CWIP | 44 | 38 | 20 | 12 | 24 | 233 | 86 | 90 | 57 | 166 | 299 | 118 |
| Investments | 0 | 0 | 189 | 162 | 0 | 0 | 0 | 306 | 426 | 201 | 20 | 11 |
| 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 |
| 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 |
Below is a detailed analysis of the balance sheet data for Havells India Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:
- For Equity Capital, as of Mar 2025, the value is 63.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 63.00 Cr..
- For Reserves, as of Mar 2025, the value is 8,261.00 Cr.. The value appears strong and on an upward trend. It has increased from 7,384.00 Cr. (Mar 2024) to 8,261.00 Cr., marking an increase of 877.00 Cr..
- For Borrowings, as of Mar 2025, the value is 319.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from 303.00 Cr. (Mar 2024) to 319.00 Cr., marking an increase of 16.00 Cr..
- For Other Liabilities, as of Mar 2025, the value is 5,167.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 4,683.00 Cr. (Mar 2024) to 5,167.00 Cr., marking an increase of 484.00 Cr..
- For Total Liabilities, as of Mar 2025, the value is 13,809.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 12,433.00 Cr. (Mar 2024) to 13,809.00 Cr., marking an increase of 1,376.00 Cr..
- For Fixed Assets, as of Mar 2025, the value is 4,652.00 Cr.. The value appears strong and on an upward trend. It has increased from 3,988.00 Cr. (Mar 2024) to 4,652.00 Cr., marking an increase of 664.00 Cr..
- For CWIP, as of Mar 2025, the value is 118.00 Cr.. The value appears to be declining and may need further review. It has decreased from 299.00 Cr. (Mar 2024) to 118.00 Cr., marking a decrease of 181.00 Cr..
- For Investments, as of Mar 2025, the value is 11.00 Cr.. The value appears to be declining and may need further review. It has decreased from 20.00 Cr. (Mar 2024) to 11.00 Cr., marking a decrease of 9.00 Cr..
- For Other Assets, as of Mar 2025, the value is 9,028.00 Cr.. The value appears strong and on an upward trend. It has increased from 8,126.00 Cr. (Mar 2024) to 9,028.00 Cr., marking an increase of 902.00 Cr..
- For Total Assets, as of Mar 2025, the value is 13,809.00 Cr.. The value appears strong and on an upward trend. It has increased from 12,433.00 Cr. (Mar 2024) to 13,809.00 Cr., marking an increase of 1,376.00 Cr..
Notably, the Reserves (8,261.00 Cr.) exceed the Borrowings (319.00 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 - No data available for this post.
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 |
|---|---|---|---|---|---|---|
| UTI Flexi Cap Fund | 2,154,232 | 1.48 | 358.46 | 2,154,232 | 2025-04-22 17:25:44 | 0% |
| HDFC Top 100 Fund - Regular Plan | 1,819,850 | 0.91 | 302.82 | 1,819,850 | 2025-04-22 12:29:18 | 0% |
| SBI Flexi Cap Fund | 1,380,000 | 1.1 | 229.63 | 1,380,000 | 2025-04-22 17:25:44 | 0% |
| ICICI Prudential Focused Equity Fund | 1,303,198 | 2.75 | 216.85 | 1,303,198 | 2025-04-22 15:57:01 | 0% |
| Mirae Asset Large Cap Fund | 1,141,186 | 0.5 | 189.89 | 1,141,186 | 2025-04-22 15:57:01 | 0% |
| UTI Large Cap Fund | 1,125,000 | 1.5 | 187.2 | 1,125,000 | 2025-04-22 17:25:44 | 0% |
| Invesco India Contra Fund | 683,356 | 0.77 | 113.71 | 683,356 | 2025-04-22 17:25:44 | 0% |
| Aditya Birla Sun Life Flexi Cap Fund | 680,000 | 0.55 | 113.15 | 680,000 | 2025-04-22 17:25:44 | 0% |
| ICICI Prudential Nifty Next 50 Index Fund | 634,175 | 2.15 | 105.53 | 634,175 | 2025-04-22 15:57:01 | 0% |
| DSP Flexi Cap Fund | 612,621 | 0.98 | 101.94 | 612,621 | 2025-04-22 17:25:44 | 0% |
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) | 3.22 | 2.77 | 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 3.22. This value is below the healthy minimum of 4. It has increased from 2.77 (Mar 24) to 3.22, marking an increase of 0.45.
- 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: 61.8 (Industry average Stock P/E: 69.42)
- 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 | investors@havells.com http://www.havells.com |
| 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 06 November 2025) is 1291.52 which is 10.44% lower the current market price of 1,442.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 90,472 Cr. market cap, FY2025-2026 high/low of 1,783/1,360, reserves of ₹8,261 Cr, and liabilities of 13,809 Cr.
What is the Market Cap of Havells India Ltd?
The Market Cap of Havells India Ltd is 90,472 Cr..
What is the current Stock Price of Havells India Ltd as on 06 November 2025?
The current stock price of Havells India Ltd as on 06 November 2025 is 1,442.
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 1,783/1,360.
What is the Stock P/E of Havells India Ltd?
The Stock P/E of Havells India Ltd is 61.8.
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 0.69 %.
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.