Havells India Limited HAVELLS NIFTY_MIDNSEINFRA
Havells India Limited, a fast-moving electrical and electronic durables company, manufactures, trades in, and sells various consumer electrical and electronic products in India and internationally. The company operates through six segments: Switchgears, Cables, Lighting and Fixtures, Electrical Consumer Durables, Lloyd Consumer, and Others. It offers switches; switchgears, such as circuit breakers, energy savers, human safety equipment, distribution boards, surge protection devices, and control and monitoring devices, as well as magnetic contractor, thermal overload relays, switchgear, circuit breakers, and starters; lighting products; and home appliances, including air conditioners, LED televisions, washing machines, refrigerators, air coolers and purifiers, appliances, personal grooming products, water heaters and purifiers, and geysers. The company also provides flexible, power, control, and fire survival cables; fans comprising ceiling, table, pedestal, wall, ceiling mounting, personal, and domestic exhaust fans; centrifugal, mono block, submersible, borewell and sewage submersible, pressure, and shallow well jet pumps; dishwashers; air circulators; and heavy-duty exhaust fans. In addition, it offers crane duty, smoke, brake, inverter duty, and energy motors; solar rooftop on grid, solar off grid, and solar on grid inverter solutions; power solutions, including power capacitors, IOT enabled IPFC relays, HD harmonic detuned reactors, IOT enabled APFC panels, and high PIV thyristor switches; and smart home automation solutions that connects lights, curtains, air conditioners, and other devices to control them through smart phone, tablet or wall panel, as well as smart modular switches and accessories. The company offers its products under the Havells, Lloyd, Havells Crabtree, REO, and Havells Studio brands. Havells India Limited was founded in 1958 and is based in Noida, India.
READ MORE ›Market & Price
Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
PROS
- Healthy ROCE of 22.1%.
- Profit CAGR of 16.4% over 5 years.
CONS
- Trading 26.5% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Industrials).
| # | Name | CMP ₹ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | HAVELLS Havells India Limited NIFTY_MIDNSEINFRA | 1,176.80 | 43.67 | ₹73,815.59 Cr | 1.02% | 22.11% | 18.97% | 9.87% | 16.41% |
| 2 | LT Larsen & Toubro Limited NIFTY50NSEAIINFRA | 4,076.50 | 34.84 | ₹5.61 L Cr | 0.93% | 14.55% | 16.95% | 16.09% | 15.38% |
| 3 | ADANIPORTS Adani Ports and Special Economic Zone Limited NIFTY50NSEINFRA | 1,804.60 | 30.96 | ₹4.16 L Cr | 0.42% | 11.02% | 15.59% | 22.93% | 34.11% |
| 4 | HAL Hindustan Aeronautics Limited NSEAIDEFENCEINFRAPSU | 4,303.80 | 31.55 | ₹2.88 L Cr | 1.16% | 13.80% | 23.98% | 7.87% | 16.08% |
| 5 | POWERINDIA Hitachi Energy India Limited NIFTY_MIDNSEINFRA | 38,445.00 | 172.41 | ₹1.71 L Cr | 0.02% | 24.92% | 21.04% | 22.24% | 119.12% |
| 6 | INDIGO InterGlobe Aviation Limited NSEINFRA | 4,405.00 | - | ₹1.70 L Cr | 0.24% | 15.53% | - | 44.12% | 72.60% |
| 7 | CUMMINSIND Cummins India Limited NSEINFRA | 5,881.00 | 68.97 | ₹1.63 L Cr | 1.12% | 34.95% | 29.45% | 16.07% | 24.35% |
| 8 | CGPOWER CG Power and Industrial Solutions Limited NSEINFRA | 917.45 | 118.99 | ₹1.44 L Cr | 0.14% | 19.35% | 19.56% | 21.67% | 7.81% |
| 9 | POLYCAB Polycab India Limited NIFTY_MIDNSEAIINFRA | 9,477.50 | 53.48 | ₹1.43 L Cr | 0.37% | 30.44% | 24.58% | 26.57% | 28.11% |
Quarterly Results
Figures in INR.
| Metric | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Revenue | - | 4,888.98 Cr | 6,543.56 Cr | 5,455.35 Cr | 5,587.89 Cr | 6,705.20 Cr |
| Cost of Revenue | - | 3,205.47 Cr | 4,438.93 Cr | 3,631.08 Cr | 3,743.89 Cr | 4,596.77 Cr |
| Gross Profit | - | 1,683.51 Cr | 2,104.63 Cr | 1,824.27 Cr | 1,844.00 Cr | 2,108.43 Cr |
| Operating Expenses | - | 1,361.11 Cr | 1,447.88 Cr | 1,410.74 Cr | 1,434.15 Cr | 1,493.90 Cr |
| Operating Income | - | 322.40 Cr | 656.75 Cr | 413.53 Cr | 409.85 Cr | 614.53 Cr |
| EBITDA | - | 490.83 Cr | 825.77 Cr | 584.85 Cr | 525.17 Cr | 1,039.26 Cr |
| Interest Expense | - | 9.39 Cr | 15.22 Cr | 9.36 Cr | 8.93 Cr | 9.87 Cr |
| Pretax Income | - | 377.34 Cr | 700.89 Cr | 469.75 Cr | 407.62 Cr | 917.61 Cr |
| Tax Provision | - | 99.38 Cr | 183.89 Cr | 122.22 Cr | 107.57 Cr | 194.22 Cr |
| Net Income | - | 278.30 Cr | 517.83 Cr | 347.72 Cr | 300.78 Cr | 723.06 Cr |
| Diluted EPS | - | 4.43 | 8.25 | 5.54 | 4.79 | 11.52 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Revenue | 16,805.72 Cr | 18,473.31 Cr | 21,600.08 Cr | 22,288.12 Cr |
| Cost of Revenue | 12,092.10 Cr | 13,006.37 Cr | 15,139.46 Cr | 15,644.60 Cr |
| Gross Profit | 4,713.62 Cr | 5,466.94 Cr | 6,460.62 Cr | 6,643.52 Cr |
| Operating Expenses | 3,368.28 Cr | 3,897.65 Cr | 4,637.76 Cr | 4,782.41 Cr |
| Operating Income | 1,345.34 Cr | 1,569.29 Cr | 1,822.86 Cr | 1,861.11 Cr |
| EBITDA | 1,776.85 Cr | 2,091.58 Cr | 2,433.95 Cr | 2,678.62 Cr |
| Interest Expense | 33.62 Cr | 45.71 Cr | 43.06 Cr | 37.13 Cr |
| Pretax Income | 1,447.06 Cr | 1,707.37 Cr | 1,990.49 Cr | 2,209.57 Cr |
| Tax Provision | 375.33 Cr | 436.61 Cr | 520.25 Cr | 520.32 Cr |
| Net Income | 1,071.73 Cr | 1,270.76 Cr | 1,472.26 Cr | 1,690.56 Cr |
| Diluted EPS | 17.11 | 20.28 | 23.48 | 26.94 |
Compounded Sales Growth
| 5 Years: | 9.87% |
| 1 Year: | 2.50% |
Compounded Profit Growth
| 5 Years: | 16.41% |
| 1 Year: | 39.60% |
Stock Price Performance
| 1 Year: | -23.50% |
| 6 Months: | -16.73% |
| 3 Months: | -16.29% |
| 1 Month: | -5.58% |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Total Assets | - | 11,157.44 Cr | 12,432.69 Cr | 13,809.41 Cr | 14,746.25 Cr |
| Current Assets | - | 7,066.06 Cr | 7,899.61 Cr | 8,870.51 Cr | 7,825.23 Cr |
| Cash & Equivalents | - | 465.16 Cr | 265.57 Cr | 806.30 Cr | 788.62 Cr |
| Inventory | - | 3,708.47 Cr | 3,408.63 Cr | 4,046.85 Cr | 4,440.67 Cr |
| Receivables | - | 973.94 Cr | 1,164.95 Cr | 1,258.33 Cr | 850.76 Cr |
| Total Liabilities | - | 4,531.99 Cr | 4,985.93 Cr | 5,468.44 Cr | 5,277.58 Cr |
| Current Liabilities | - | 3,835.54 Cr | 4,283.08 Cr | 4,774.76 Cr | 4,584.72 Cr |
| Long Term Debt | 272.57 Cr | 0 | - | - | - |
| Total Debt | - | 223.10 Cr | 303.16 Cr | 318.54 Cr | 265.20 Cr |
| Total Equity | - | 6,625.45 Cr | 7,446.76 Cr | 8,323.79 Cr | 9,455.47 Cr |
| Shares Outstanding | - | 62.65 Cr | 62.67 Cr | 62.69 Cr | 62.73 Cr |
Cash Flows (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Operating Cash Flow | - | 564.94 Cr | 1,952.89 Cr | 1,523.01 Cr | 1,571.99 Cr |
| Investing Cash Flow | - | 35.04 Cr | -1,613.86 Cr | -301.58 Cr | -892.92 Cr |
| Financing Cash Flow | - | -906.93 Cr | -533.55 Cr | -676.58 Cr | -693.48 Cr |
| Capital Expenditure | - | -587.79 Cr | -786.07 Cr | -765.95 Cr | -1,484.45 Cr |
| Free Cash Flow | - | -22.85 Cr | 1,166.82 Cr | 757.06 Cr | 87.54 Cr |
| Net Change in Cash | - | -306.95 Cr | -194.52 Cr | 544.85 Cr | -14.41 Cr |
Ratios (Annual)
Figures in %.
| Metric | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Gross Margin % | 28.0% | 29.6% | 29.9% | 29.8% |
| Operating Margin % | 8.0% | 8.5% | 8.4% | 8.4% |
| Net Margin % | 6.4% | 6.9% | 6.8% | 7.6% |
| ROE % | 16.2% | 17.1% | 17.7% | 17.9% |
| ROCE % | 18.4% | 19.3% | 20.2% | 18.3% |
Shareholding Pattern
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
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