Havells India Limited HAVELLS NIFTY_MIDNSEINFRA
Company Overview
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.
Why Investors Should Care
Generates a return on equity of 17.9%, reflecting efficient use of shareholder capital.
Return on capital employed stands at 22.1%.
Net profit has compounded at 16.4% per year over the last five years.
Generates positive free cash flow, funding growth and shareholder returns internally.
Recent Developments
- Mar 2026 Revenue of ₹22,288.12 Cr (+3.2% YoY); net profit ₹1,690.56 Cr.
- Trailing 12 Months Year-on-year growth — revenue +3.2%, earnings +14.8%.
- 5-Year Trend Long-term compounding — revenue CAGR 9.9%, profit CAGR 16.4%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 9.87% |
| 1 Year: | 3.19% |
Compounded Profit Growth
| 5 Years: | 16.41% |
| 1 Year: | 14.83% |
Stock Price Performance
| 1 Year: | -21.45% |
| 6 Months: | -17.16% |
| 3 Months: | -8.31% |
| 1 Month: | +0.99% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMAAbove
- Price vs 200-DMABelow
- RSI (14)51.84 · Neutral
P/E of 44.24 is above the sector median of 29.60 — pricier than peers.
Auto-generated from price history and fundamentals; not investment advice.
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 Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Healthy ROCE of 22.1%.
- Profit CAGR of 16.4% over 5 years.
- Generates positive free cash flow.
CONS
- Trading 25.6% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
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 | 1,191.90 | 44.24 | ₹74,762.74 Cr | 1.01% | 22.11% | 17.88% | 9.87% | 16.41% |
| 2 | LT Larsen & Toubro Limited NIFTY50NSEAIINFRA | 3,849.40 | 32.93 | ₹5.30 L Cr | 0.96% | 14.55% | 14.72% | 16.09% | 15.38% |
| 3 | ADANIPORTS Adani Ports and Special Economic Zone Limited NIFTY50NSEINFRA | 1,834.20 | 31.50 | ₹4.23 L Cr | 0.42% | 10.97% | 13.32% | 22.93% | 34.11% |
| 4 | BEL Bharat Electronics Limited NIFTY50NSEAIDEFENCEINFRAPSU | 410.75 | 56.42 | ₹3.00 L Cr | 1.05% | 31.88% | 25.27% | 16.63% | 26.64% |
| 5 | HAL Hindustan Aeronautics Limited NSEAIDEFENCEINFRAPSU | 4,463.30 | 32.75 | ₹2.98 L Cr | 0.44% | 13.80% | 22.21% | 7.87% | 16.08% |
| 6 | INDIGO InterGlobe Aviation Limited NSEINFRA | 5,202.50 | -84.07 | ₹2.01 L Cr | 0.24% | 4.02% | -34.31% | 16.59% | -227.40% |
| 7 | CUMMINSIND Cummins India Limited NSEINFRA | 5,535.50 | 64.97 | ₹1.53 L Cr | 1.17% | 34.95% | 27.87% | 16.07% | 24.35% |
| 8 | ABB ABB India Limited NSEAIINFRA | 6,951.50 | 88.30 | ₹1.47 L Cr | 0.58% | 28.45% | 21.29% | 15.41% | 17.97% |
| 9 | POWERINDIA Hitachi Energy India Limited NIFTY_MIDNSEINFRA | 33,005.00 | 148.92 | ₹1.47 L Cr | 0.02% | 24.92% | 19.09% | 22.24% | 119.12% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in INR.
| Metric | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4,859.00 Cr | 4,834.00 Cr | 3,900.00 Cr | 4,414.00 Cr | 5,442.00 Cr | 5,806.00 Cr | - | 4,888.98 Cr | 6,543.56 Cr | 5,455.35 Cr | 4,779.00 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 | 4,332.00 Cr | 4,432.00 Cr | 3,527.00 Cr | 3,981.00 Cr | 4,807.00 Cr | 5,234.00 Cr | - | 1,361.11 Cr | 1,447.88 Cr | 1,410.74 Cr | 4,341.00 Cr | 1,434.15 Cr | 1,493.90 Cr |
| Operating Income | 450.00 Cr | 326.00 Cr | 292.00 Cr | 345.00 Cr | 542.00 Cr | 480.00 Cr | - | 322.40 Cr | 656.75 Cr | 413.53 Cr | 332.00 Cr | 409.85 Cr | 614.53 Cr |
| EBITDA | 527.00 Cr | 402.00 Cr | 373.00 Cr | 433.00 Cr | 635.00 Cr | 572.00 Cr | - | 490.83 Cr | 825.77 Cr | 584.85 Cr | 438.00 Cr | 525.17 Cr | 1,039.26 Cr |
| Interest Expense | 10.00 Cr | 8.00 Cr | 9.00 Cr | 10.00 Cr | 18.00 Cr | 9.00 Cr | - | 9.39 Cr | 15.22 Cr | 9.36 Cr | 9.00 Cr | 8.93 Cr | 9.87 Cr |
| Pretax Income | 487.00 Cr | 382.00 Cr | 335.00 Cr | 391.00 Cr | 599.00 Cr | 549.00 Cr | - | 377.34 Cr | 700.89 Cr | 469.75 Cr | 415.00 Cr | 407.62 Cr | 917.61 Cr |
| Tax Provision | 126.62 Cr | 95.50 Cr | 87.10 Cr | 101.66 Cr | 149.75 Cr | 142.74 Cr | - | 99.38 Cr | 183.89 Cr | 122.22 Cr | 95.45 Cr | 107.57 Cr | 194.22 Cr |
| Net Income | 358.00 Cr | 287.00 Cr | 249.00 Cr | 288.00 Cr | 447.00 Cr | 408.00 Cr | - | 278.30 Cr | 517.83 Cr | 347.72 Cr | 318.00 Cr | 300.78 Cr | 723.06 Cr |
| Diluted EPS | 5.71 | 4.58 | 3.97 | 4.59 | 7.13 | 6.51 | - | 4.43 | 8.25 | 5.54 | 5.09 | 4.79 | 11.52 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 8,468.00 Cr | 7,594.00 Cr | 6,130.00 Cr | 8,116.00 Cr | 10,073.00 Cr | 9,440.00 Cr | 10,457.00 Cr | 13,938.00 Cr | 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 | 7,713.00 Cr | 6,798.00 Cr | 5,315.00 Cr | 7,083.00 Cr | 8,885.00 Cr | 8,373.00 Cr | 8,868.00 Cr | 12,163.00 Cr | 3,368.28 Cr | 3,897.65 Cr | 4,637.76 Cr | 4,782.41 Cr |
| Operating Income | 616.00 Cr | 662.00 Cr | 694.00 Cr | 893.00 Cr | 1,040.00 Cr | 849.00 Cr | 1,340.00 Cr | 1,514.00 Cr | 1,345.34 Cr | 1,569.29 Cr | 1,822.86 Cr | 1,861.11 Cr |
| EBITDA | 755.00 Cr | 796.00 Cr | 815.00 Cr | 1,033.00 Cr | 1,189.00 Cr | 1,067.00 Cr | 1,589.00 Cr | 1,775.00 Cr | 1,776.67 Cr | 2,091.42 Cr | 2,433.95 Cr | 2,678.62 Cr |
| Interest Expense | 96.00 Cr | 91.00 Cr | 13.00 Cr | 25.00 Cr | 16.00 Cr | 51.00 Cr | 90.00 Cr | 67.00 Cr | 33.44 Cr | 45.55 Cr | 43.06 Cr | 37.13 Cr |
| Pretax Income | 569.00 Cr | 1,520.00 Cr | 723.00 Cr | 965.00 Cr | 1,147.00 Cr | 904.00 Cr | 1,438.00 Cr | 1,607.00 Cr | 1,447.06 Cr | 1,707.37 Cr | 1,990.49 Cr | 2,209.57 Cr |
| Tax Provision | 182.08 Cr | 212.80 Cr | 231.36 Cr | 299.15 Cr | 355.57 Cr | 171.76 Cr | 388.26 Cr | 417.82 Cr | 375.33 Cr | 436.61 Cr | 520.25 Cr | 520.32 Cr |
| Net Income | 385.00 Cr | 1,300.00 Cr | 494.00 Cr | 661.00 Cr | 788.00 Cr | 735.00 Cr | 1,044.00 Cr | 1,196.00 Cr | 1,071.73 Cr | 1,270.76 Cr | 1,472.26 Cr | 1,690.56 Cr |
| Diluted EPS | 6.17 | 20.82 | 7.91 | 10.60 | 12.59 | 11.75 | 16.68 | 19.10 | 17.11 | 20.28 | 23.48 | 26.94 |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 4,788.00 Cr | 4,387.00 Cr | 5,168.00 Cr | 6,608.00 Cr | 7,148.00 Cr | 7,073.00 Cr | 8,852.00 Cr | - | 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 | 424.00 Cr | 134.00 Cr | 208.00 Cr | 115.00 Cr | 94.00 Cr | 72.00 Cr | 521.00 Cr | - | 223.10 Cr | 303.16 Cr | 318.54 Cr | 265.20 Cr |
| Total Equity | 1,818.00 Cr | 3,027.00 Cr | 3,276.00 Cr | 3,730.00 Cr | 4,198.00 Cr | 4,312.00 Cr | 5,177.00 Cr | - | 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 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 963.00 Cr | 513.00 Cr | 767.00 Cr | 1,100.00 Cr | 501.00 Cr | 827.00 Cr | 660.00 Cr | - | 564.94 Cr | 1,952.89 Cr | 1,523.01 Cr | 1,571.99 Cr |
| Investing Cash Flow | -485.00 Cr | -121.00 Cr | -220.00 Cr | -946.00 Cr | 185.00 Cr | -548.00 Cr | -763.00 Cr | - | 35.04 Cr | -1,613.86 Cr | -301.58 Cr | -892.92 Cr |
| Financing Cash Flow | -754.00 Cr | -621.00 Cr | -98.00 Cr | -409.00 Cr | -318.00 Cr | -716.00 Cr | 190.00 Cr | - | -906.93 Cr | -533.55 Cr | -676.58 Cr | -693.48 Cr |
| Capital Expenditure | -170.00 Cr | -214.00 Cr | -238.00 Cr | -1,589.00 Cr | -499.00 Cr | -360.00 Cr | -153.00 Cr | - | -587.79 Cr | -786.07 Cr | -765.95 Cr | -1,484.45 Cr |
| Free Cash Flow | 793.00 Cr | 299.00 Cr | 529.00 Cr | -489.00 Cr | 2.00 Cr | 467.00 Cr | 507.00 Cr | - | -22.85 Cr | 1,166.82 Cr | 757.06 Cr | 87.54 Cr |
| Net Change in Cash | -277.00 Cr | -229.00 Cr | 450.00 Cr | -255.00 Cr | 368.00 Cr | -437.00 Cr | 87.00 Cr | - | -306.95 Cr | -194.52 Cr | 544.85 Cr | -14.41 Cr |
Ratios (Annual)
Figures in %.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | - | - | 28.0% | 29.6% | 29.9% | 29.8% |
| Operating Margin % | 7.3% | 8.7% | 11.3% | 11.0% | 10.3% | 9.0% | 12.8% | 10.9% | 8.0% | 8.5% | 8.4% | 8.4% |
| Net Margin % | 4.5% | 17.1% | 8.1% | 8.1% | 7.8% | 7.8% | 10.0% | 8.6% | 6.4% | 6.9% | 6.8% | 7.6% |
| ROE % | 21.2% | 42.9% | 15.1% | 17.7% | 18.8% | 17.0% | 20.2% | - | 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.
Latest News
Recent headlines for HAVELLS
CLSA lowers Havells India stock price target to INR1,670 on EPS cuts - Investing.com
<a href="https://news.google.com/rss/articles/CBMixgFBVV95cUxNZTN6LUYtbFZ2YWtTakFIT0xCSHlqNjdLdER0Q2pmSUpnMjBYZ2MxX3NyMTFONXRVbVJoNzE2aUJ0TjhVZ25nN1VsbHRLNzl2QnJoMzItSlJfNWhCakZveVVQeVRzYXY0Sm82YUNyOFAzV1ZsMU5RNGFfSnhjbUZXM2lwZE51LUx2NG9MMW…
Havells India to discuss Q1FY27 results on July 17 - scanx.trade
<a href="https://news.google.com/rss/articles/CBMivAFBVV95cUxNQmhlWUZmdVFmM0FzMUJNdlBMeS1ib19HWGlFSW5DTWVkWVItRzhGYnFqZ2NoODRxSjg5YUNJaWVyTElreF9VV2czenFscmYxU0xPZWhJVVozVkRfRV9UdE51N240alAwcXFZb3FIcFl6dHp4ZnU5NHMzNGRoZEFjWjJicHROZ1A2dkVuX3…
Havells Shares Climb 1% on Battery Storage Push - Equitypandit
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Havells India shares gain after foray into the BESS segment with Norway-based Pixii AS - CNBC TV18
<a href="https://news.google.com/rss/articles/CBMivgFBVV95cUxOcW5VQTlsWV9TbmFnbEhkYV9JUzc1SGlrcEwtY2k1S1RSWS10clVCel84Vm5DY2wtak0xMU53Tk0wb001eU5oSzB4SVhnQk9uVHhNZG5OdEx5QUtLS1VsYkxDdDJfS21pWTBWRWExeWp0bjFvS1dFQVkwdTRDTGh6WDd4Qk1PUmV0SXVIVn…
Stocks to Watch Today: TCS, IC Electricals, Anand Rathi Wealth, Dixon Tech, Vikram Solar, Havells, Pace... - Moneycontrol.com
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Havells India - MFs kept buying these 11 stocks for 8 straight quarters; shares surge up to 250% in 2 years - The Economic Times
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HAVELLS — Frequently Asked Questions
What is the current share price of Havells India Limited (HAVELLS)?
As of 2026-07-15 09:52 IST, Havells India Limited (HAVELLS) trades at ₹1,191.90 on NSE. Its 52-week range is ₹1,129.00 to ₹1,601.89.
What is the market capitalisation of HAVELLS?
Havells India Limited (HAVELLS) has a market capitalisation of ₹74,762.74 Cr on NSE.
What is the P/E ratio of HAVELLS?
HAVELLS trades at a trailing price-to-earnings (P/E) ratio of 44.24. The industry average P/E is 29.60. Its price-to-book (P/B) ratio is 7.82.
Does HAVELLS pay a dividend?
Havells India Limited (HAVELLS) currently offers a dividend yield of 1.01%.
What is the return on equity (ROE) of HAVELLS?
HAVELLS has a return on equity (ROE) of 17.88%. Its return on capital employed (ROCE) is 22.11%.
Is HAVELLS a good stock to buy?
This page provides a data-driven analysis of Havells India Limited (HAVELLS), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.