Share Price and Basic Stock Data
Last Updated: January 3, 2026, 10:46 am
| PEG Ratio | 15.08 |
|---|
Analyst Insight & Comprehensive Analysis
AI Stock Ranker – Real-Time Fundamental Strength Score
Business Overview and Revenue Trends
Havells India Ltd, a prominent player in the consumer electronics sector, reported a significant revenue growth trend, with total sales rising from ₹13,938 Cr in FY 2022 to ₹16,911 Cr in FY 2023. The company is poised for continued growth, as it recorded ₹18,590 Cr in FY 2024, and is projected to reach ₹21,778 Cr in FY 2025. The quarterly sales data also reflects this upward momentum, with the most recent quarter ending September 2023 reporting sales of ₹3,900 Cr, a slight decline from the previous quarter but still indicative of robust demand. The operating profit margin (OPM) stood at 10% in the last quarter, which aligns with the company’s historical performance. Overall, Havells has maintained a steady increase in sales, indicating strong brand positioning and market demand for its products across various categories.
Profitability and Efficiency Metrics
Havells India Ltd demonstrated strong profitability with a net profit of ₹1,461 Cr for FY 2023, which rose to ₹1,271 Cr in FY 2024, reflecting a healthy net profit margin of 6.75% for FY 2025. The company’s return on equity (ROE) stood at 18.8%, while the return on capital employed (ROCE) was recorded at 25.3%, showcasing effective utilization of capital. The interest coverage ratio (ICR) was notably high at 56.29x, indicating the company’s strong ability to meet interest obligations. However, the operating profit margin (OPM) saw fluctuations, with a peak of 12% in March 2024, before settling at 10% in December 2024. These metrics underline Havells’ operational efficiency, although the variability in OPM suggests areas for improvement in cost management.
Balance Sheet Strength and Financial Ratios
Havells India Ltd’s balance sheet reflects robust financial health, with total assets amounting to ₹13,809 Cr as of FY 2025, and total liabilities at ₹13,809 Cr, indicating a stable leverage position. The company reported reserves of ₹8,261 Cr, complemented by minimal borrowings of ₹319 Cr, resulting in a debt-to-equity ratio of 0.00, highlighting a lack of reliance on debt financing. The price-to-book value (P/BV) ratio stood at 11.51x, suggesting that the stock is priced at a premium compared to its book value, indicative of strong market confidence. Additionally, with a current ratio of 1.86, Havells maintains a comfortable liquidity position, which is essential for operational flexibility and short-term obligations. The efficiency metrics, such as a cash conversion cycle of 47 days, further emphasize the company’s effective management of working capital.
Shareholding Pattern and Investor Confidence
The shareholding pattern of Havells India Ltd reveals a stable distribution, with promoters holding 59.38% of the shares, indicating significant insider confidence. Foreign institutional investors (FIIs) accounted for 19.28%, while domestic institutional investors (DIIs) held 15.35%. The public’s shareholding stood at 5.81%, reflecting a modest retail investor interest. Over the past year, FIIs have gradually decreased their stake from 22.60% in December 2022 to 19.28% in September 2025, which may signal a cautious approach amidst market volatility. Conversely, DIIs have increased their stake, from 10.40% to 15.35%, indicating a growing confidence among domestic institutional players. The total number of shareholders rose to 2,66,872, showcasing an expanding investor base, which is a positive sign for long-term investor confidence.
Outlook, Risks, and Final Insight
Looking ahead, Havells India Ltd appears well-positioned for sustained growth, with a focus on innovation and expansion in the consumer electronics sector. However, challenges such as fluctuating raw material prices and potential disruptions in global supply chains pose risks to profitability. The company’s strong balance sheet and operational efficiency provide a buffer against these risks. Additionally, the gradual decline in FII participation may warrant monitoring, as it could affect stock liquidity and investor sentiment. Should the company successfully navigate these challenges while capitalizing on market opportunities, it could see a favorable trajectory. Conversely, if external pressures intensify, particularly in terms of cost inflation or market competition, it may impact earnings and overall growth. The strategic focus on enhancing product offerings and maintaining cost discipline will be crucial for Havells in the coming years.
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 | 52.5 Cr. | 112 | 140/78.1 | 309 | 30.6 | 0.00 % | 1.86 % | 1.92 % | 10.0 |
| IKIO Lighting Ltd | 1,433 Cr. | 185 | 304/165 | 81.0 | 74.5 | 0.00 % | 8.22 % | 5.55 % | 10.0 |
| Epack Durable Ltd | 2,705 Cr. | 281 | 674/246 | 66.2 | 99.4 | 0.00 % | 9.70 % | 5.98 % | 10.0 |
| Elin Electronics Ltd | 827 Cr. | 167 | 234/108 | 21.6 | 112 | 0.00 % | 6.97 % | 4.38 % | 5.00 |
| CWD Ltd | 912 Cr. | 415 | 417/162 | 107 | 47.9 | 0.00 % | 9.51 % | 5.78 % | 10.0 |
| Industry Average | 15,613.00 Cr | 1,097.07 | 67.76 | 124.70 | 0.19% | 14.89% | 11.51% | 6.44 |
Quarterly Result
| Metric | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,679 | 4,128 | 4,859 | 4,834 | 3,900 | 4,414 | 5,442 | 5,806 | 4,539 | 4,889 | 6,544 | 5,455 | 4,779 |
| Expenses | 3,393 | 3,704 | 4,332 | 4,432 | 3,527 | 3,981 | 4,807 | 5,234 | 4,164 | 4,462 | 5,787 | 4,940 | 4,341 |
| Operating Profit | 287 | 424 | 527 | 402 | 373 | 433 | 635 | 572 | 375 | 426 | 757 | 516 | 438 |
| OPM % | 8% | 10% | 11% | 8% | 10% | 10% | 12% | 10% | 8% | 9% | 12% | 9% | 9% |
| Other Income | 44 | 40 | 47 | 65 | 52 | 56 | 76 | 77 | 93 | 64 | 69 | 69 | 91 |
| Interest | 7 | 7 | 10 | 8 | 9 | 10 | 18 | 9 | 10 | 9 | 15 | 9 | 9 |
| Depreciation | 72 | 75 | 77 | 76 | 81 | 88 | 93 | 92 | 95 | 104 | 110 | 106 | 106 |
| Profit before tax | 252 | 381 | 487 | 382 | 335 | 391 | 599 | 549 | 363 | 377 | 701 | 470 | 415 |
| Tax % | 26% | 26% | 26% | 25% | 26% | 26% | 25% | 26% | 26% | 26% | 26% | 26% | 23% |
| Net Profit | 187 | 284 | 358 | 287 | 249 | 288 | 447 | 408 | 268 | 278 | 517 | 348 | 318 |
| EPS in Rs | 2.98 | 4.53 | 5.71 | 4.58 | 3.97 | 4.59 | 7.13 | 6.51 | 4.28 | 4.44 | 8.26 | 5.55 | 5.09 |
Last Updated: January 2, 2026, 5:35 pm
Below is a detailed analysis of the quarterly data for Havells India Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:
- For Sales, as of Sep 2025, the value is 4,779.00 Cr.. The value appears to be declining and may need further review. It has decreased from 5,455.00 Cr. (Jun 2025) to 4,779.00 Cr., marking a decrease of 676.00 Cr..
- For Expenses, as of Sep 2025, the value is 4,341.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 4,940.00 Cr. (Jun 2025) to 4,341.00 Cr., marking a decrease of 599.00 Cr..
- For Operating Profit, as of Sep 2025, the value is 438.00 Cr.. The value appears to be declining and may need further review. It has decreased from 516.00 Cr. (Jun 2025) to 438.00 Cr., marking a decrease of 78.00 Cr..
- For OPM %, as of Sep 2025, the value is 9.00%. The value remains steady. There is no change compared to the previous period (Jun 2025) which recorded 9.00%.
- For Other Income, as of Sep 2025, the value is 91.00 Cr.. The value appears strong and on an upward trend. It has increased from 69.00 Cr. (Jun 2025) to 91.00 Cr., marking an increase of 22.00 Cr..
- For Interest, as of Sep 2025, the value is 9.00 Cr.. The value remains steady. There is no change compared to the previous period (Jun 2025) which recorded 9.00 Cr..
- For Depreciation, as of Sep 2025, the value is 106.00 Cr.. The value remains steady. There is no change compared to the previous period (Jun 2025) which recorded 106.00 Cr..
- For Profit before tax, as of Sep 2025, the value is 415.00 Cr.. The value appears to be declining and may need further review. It has decreased from 470.00 Cr. (Jun 2025) to 415.00 Cr., marking a decrease of 55.00 Cr..
- For Tax %, as of Sep 2025, the value is 23.00%. The value appears to be improving (decreasing) as expected. It has decreased from 26.00% (Jun 2025) to 23.00%, marking a decrease of 3.00%.
- For Net Profit, as of Sep 2025, the value is 318.00 Cr.. The value appears to be declining and may need further review. It has decreased from 348.00 Cr. (Jun 2025) to 318.00 Cr., marking a decrease of 30.00 Cr..
- For EPS in Rs, as of Sep 2025, the value is 5.09. The value appears to be declining and may need further review. It has decreased from 5.55 (Jun 2025) to 5.09, marking a decrease of 0.46.
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: December 10, 2025, 2:16 am
| 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 | 0.75 | 706.53 | N/A | N/A | N/A |
| HDFC Large Cap Fund | 4,329,230 | 1.54 | 624.23 | 3,350,052 | 2025-12-15 00:43:04 | 29.23% |
| HDFC Focused Fund | 2,725,000 | 1.5 | 392.92 | 2,500,000 | 2025-12-15 00:43:04 | 9% |
| Nippon India Large Cap Fund | 1,999,430 | 0.57 | 288.3 | N/A | N/A | N/A |
| UTI Flexi Cap Fund | 1,880,000 | 1.06 | 271.08 | 1,897,000 | 2025-12-15 00:43:04 | -0.9% |
| HDFC Hybrid Equity Fund | 1,600,000 | 0.93 | 230.7 | 1,350,000 | 2025-12-15 00:43:04 | 18.52% |
| Nippon India ELSS Tax Saver Fund | 1,100,000 | 1.02 | 158.61 | N/A | N/A | N/A |
| HDFC Multi Cap Fund | 944,465 | 0.68 | 136.18 | N/A | N/A | N/A |
| HDFC ELSS Tax Saver Fund | 900,000 | 0.75 | 129.77 | N/A | N/A | N/A |
| Aditya Birla Sun Life Flexi Cap Fund | 850,000 | 0.49 | 122.56 | 680,000 | 2025-12-08 01:35:30 | 25% |
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 |
|---|---|
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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: 61.7 (Industry average Stock P/E: 67.76)
- 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 05 January 2026) is ₹1289.43 which is 10.46% lower the current market price of ₹1,440.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's ₹90,319 Cr. market cap, FY2025-2026 high/low of ₹1,713/1,360, 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 90,319 Cr..
What is the current Stock Price of Havells India Ltd as on 05 January 2026?
The current stock price of Havells India Ltd as on 05 January 2026 is ₹1,440.
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 ₹1,713/1,360.
What is the Stock P/E of Havells India Ltd?
The Stock P/E of Havells India Ltd is 61.7.
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.