Havells India

    HAVELLS
    Consumer
    ₹1111.00
    price as of 11/9/2026, 5:28:03 pm

    Market cap ₹69,722 Cr

    P/E
    42.73
    Day range
    ₹1,096.20 – ₹1,114.70
    52-week range
    ₹1,096.20 – ₹1,621.10
    Volume
    6.99 L
    Open
    ₹1,107.90
    Prev close
    ₹1,116.00
    Promoters pledged 1.1% of their shares
    52-week range, adjusted for splits and bonuses
    ₹1,105.5₹1,621.1
    10 Sept 202617 Sept 2025
    Index membership & F&O
    NIFTY 200NIFTY 500NIFTY MIDCAP 150NIFTY CONSUMER DURABLESF&O lot 500

    Price history

    6M change -18.64%RSI (14) 22.5 OversoldSMA 20 · 50 overlaid

    Price & delivery on the exchange

    NSE bhavcopy to 11 Sept 2026 · delivery 61.5% today vs 55.4% average · BSE close ₹1,114.8

    1 Apr23 Apr15 May5 Jun24 Jun15 Jul3 Aug21 Aug11 Sept₹1,105₹1,190₹1,275₹1,360₹1,4450%25%50%75%100%
    • Delivery
    • NSE close
    • BSE close

    High delivery with a rising price suggests buyers holding rather than trading the move.

    Futures & options

    NSE F&O close, 11 Sept 2026 · options expiring 29 Sept 2026

    Short build-up
    Near-month future
    ₹1,105.1
    Change
    -0.47%
    Basis over spot
    −₹5.92
    Futures OI (shares)
    1.07 Cr
    OI change
    +2.31%
    Put-call ratio
    0.57
    Max pain
    ₹1,160
    Resistance (call OI)
    ₹1,200
    Support (put OI)
    ₹1,160
    Lot size
    500

    Open interest by strike

    Calls open above (resistance) and puts below (support), in shares

    10001040108011201160120012401280132013601400144002.0 L4.0 L6.0 L8.0 Lspot
    • Call OI
    • Put OI

    Futures open interest and price

    Near-month future, day by day since collection began

    The daily history builds from each close.

    Key metrics

    P/E (TTM)
    42.6
    EPS (TTM)
    ₹26.01
    ROE (FY26)
    19.0%
    ROCE (latest year)
    25%
    Dividend yield
    0.90%

    Charts & trends

    From company filings. Amounts in ₹ crore.

    Revenue 3Y CAGR
    +10.0%
    Profit 3Y CAGR
    +16.4%
    Revenue YoY (Jun 2026)
    +19.5%
    Profit YoY (Jun 2026)
    -16.7%
    Operating margin
    7.0%
    Net margin
    4.4%

    Revenue, profit & margin - quarterly

    Bars in ₹ crore (a loss shows red); line is operating margin

    Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025Jun 20260 Cr2.0K Cr4.0K Cr6.0K Cr8.0K Cr0%3%6%9%12%
    • Revenue
    • Net profit
    • Operating margin

    Who owns the company

    Shareholding as of Jun 2026

    • Promoter
    • DII
    • FII
    • Public
    • Government

    Cash flows

    Where cash came from and went, by fiscal year (₹ crore)

    Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026-2.0K Cr-1.0K Cr0 Cr1.0K Cr2.0K Cr
    • Operating
    • Investing
    • Financing
    • Free cash flow

    Return on equity

    Net profit over shareholders' equity, by fiscal year

    FY17FY18FY19FY20FY21FY22FY23FY24FY25FY260%6%12%18%24%15%

    Equity vs debt

    Shareholders' equity against borrowings (₹ crore); line is debt-to-equity

    Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 20260 Cr2.5K Cr5.0K Cr7.5K Cr10.0K Cr0.0x0.0x0.1x0.1x0.1x
    • Equity
    • Debt
    • Debt / equity

    Financial statements

    ₹ Crore
    Quarterly results, oldest period first, figures in rupees crore
    Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
    Sales3,9004,4145,4425,8064,5394,8896,5445,4554,7795,5886,7056,518
    Expenses3,5273,9814,8075,2344,1644,4625,7874,9404,3415,0725,9766,052
    Operating Profit373433635572375426757516438516729466
    OPM %10%10%12%10%8%9%12%9%9%9%11%7%
    Other Income525676779364696991931054
    Interest91018910915999107
    Depreciation8188939295104110106106109112121
    Profit before tax335391599549363377701470415408918392
    Tax %26%26%25%26%26%26%26%26%23%26%21%26%
    Net Profit249288447408268278517348318300723290
    EPS in Rs₹3.97₹4.59₹7.13₹6.51₹4.28₹4.44₹8.26₹5.55₹5.09₹4.80₹11.53₹4.63

    From company filings, updated 11 Sept 2026. Consolidated figures where the company reports them.Information only, not investment advice.

    Strengths, risks & growth

    Havells India Limited is a leading Fast Moving Electrical Goods (FMEG) Company and a major power distribution equipment manufacturer with a strong global presence. It enjoys enviable market dominance across a wide spectrum of products, including Industrial & Domestic Circuit Protection Devices, Cables & Wires, Motors, Fans, Modular Switches, Home Appliances, Air Conditioners, Electric Water Heaters, Power Capacitors, Luminaires for Domestic, Commercial and Industrial Applications. [1]

    Strengths

    • Company is almost debt free.
    • Company has been maintaining a healthy dividend payout of 41.4%

    Risks

    • Stock is trading at 7.40 times its book value

    Compounded Sales Growth

    10 Years
    +11%
    5 Years
    +17%
    3 Years
    +10%
    TTM
    +10%

    Compounded Profit Growth

    10 Years
    +12%
    5 Years
    +11%
    3 Years
    +16%
    TTM
    +18%

    Stock Price CAGR

    10 Years
    +11%
    5 Years
    -5%
    3 Years
    -8%
    1 Year
    -29%

    Return on Equity

    10 Years
    +19%
    5 Years
    +19%
    3 Years
    +19%
    Last Year
    +19%

    Strengths and risks are a machine-generated checklist, not advice; growth is compounded annually over each period.

    Shareholding pattern

    Percentage of shares held by each category at each quarter end
    HolderSept 2025Dec 2025Mar 2026Jun 2026Change
    Promoter59.38%59.38%59.38%59.35%-0.03 pp
    FII19.28%17.96%16.93%15.91%-1.02 pp
    DII15.35%16.53%17.50%18.04%+0.54 pp
    Government0.17%0.17%0.23%0.23%0.00 pp
    Public5.81%5.95%5.96%6.47%+0.51 pp
    Others0.00%0.00%0.00%0.00%0.00 pp

    Filed with NSE for Jun 2026: promoters 59.35%, public 40.65% · XBRL filing

    Analysts & fund holdings

    79%
    79% recommend buy
    33 analysts cover the stock
    Valuation vs Electrical Equipment
    P/E42.7 vs 45.8
    Sector P/B6.15
    Beta0.93

    Who holds the shares, quarter by quarter

    Mutual funds 7.86% (+0.99 pp)
    Mar 25
    Jun 25
    Sept 25
    Dec 25
    Mar 26
    Jun 26
    • Promoters59.4%
    • Foreign institutions15.9%
    • Mutual funds7.9%
    • Insurance9.3%
    • Other domestic institutions1.1%
    • Retail4.8%
    • Others1.7%
    Mutual funds holding the most
    Fund% of company% of fund3-month change
    HDFC Mid Cap Fund1.23%0.90%+0.90 pp
    HDFC Focused Fund0.95%2.68%+0.40 pp
    HDFC Flexi Cap Fund0.77%0.54%+0.00 pp
    HDFC Large Cap Fund0.68%1.35%+0.06 pp
    ICICI Pru Large Cap Fund0.43%0.43%+0.03 pp

    Scorecard

    Performance
    Low
    Valuation
    High
    Growth
    Low
    Profitability
    High
    Entry point
    Good
    Red flags
    Low

    Analyst coverage, holdings and scorecard from market data; not a recommendation by Parasram India.

    Corporate actions

    • dividend
      ₹6.00

      Dividend - Rs 6 Per Share

      22 May 2026
      ex-date
    • dividend
      ₹4.00

      Interim Dividend - Rs 4 Per Share

      23 Jan 2026
      ex-date
    • dividend
      ₹6.00

      Annual General Meeting/Dividend - Rs 6 Per Share

      23 May 2025
      ex-date
    • dividend
      ₹4.00

      Interim Dividend - Rs 4 Per Share

      22 Jan 2025
      ex-date
    • dividend
      ₹6.00

      Annual General Meeting/Dividend - Rs 6 Per Share

      31 May 2024
      ex-date
    • dividend
      ₹3.00

      Interim Dividend - Rs 3 Per Share

      1 Feb 2024
      ex-date
    • dividend
      ₹4.50

      Annual General Meeting/Dividend - Rs 4.50 Per Share

      2 Jun 2023
      ex-date
    • dividend
      ₹3.00

      Interim Dividend - Rs 3 Per Share

      25 Jan 2023
      ex-date
    • dividend
      ₹4.50

      Annual General Meeting/Dividend - Rs 4.50 Per Share

      14 Jun 2022
      ex-date
    • dividend
      ₹3.00

      Interim Dividend - Rs 3 Per Share

      27 Oct 2021
      ex-date
    • dividend
      ₹3.50

      Annual General Meeting/Dividend - Rs 3.50 Per Share

      17 Jun 2021
      ex-date
    • dividend
      ₹3.00

      Interim Dividend - Rs 3 Per Share

      28 Jan 2021
      ex-date
    • dividend
      ₹4.00

      Interim Dividend - Rs 4 Per Share

      16 Mar 2020
      ex-date
    • dividend
      ₹4.50

      Annual General Meeting/Dividend - Rs 4.50 Per Share

      18 Jul 2019
      ex-date
    • dividend
      ₹4.00

      Annual General Meeting/Dividend- Rs 4 Per Share

      4 Jul 2018
      ex-date
    • dividend
      ₹3.50

      Annual General Meeting/Dividend - Rs 3.50 Per Share

      21 Jun 2017
      ex-date
    • dividend
      ₹3.00

      Annual General Meeting/ Dividend -Rs 3/- Per Share

      29 Jun 2016
      ex-date
    • dividend
      ₹3.00

      Special Dividend - Rs 3/- Per Share (Purpose Revised)

      10 Feb 2016
      ex-date
    • dividend
      ₹3.00

      Annaul General Meeting/Dividend - Rs 3/- Per Share

      29 Jun 2015
      ex-date
    • split
      Not available — not reported in this filing

      Face Value Split From Rs 5/- Per Share To Re 1/- Per Share

      26 Aug 2014
      ex-date

    Company announcements

    Company UpdatePrice-sensitive
    Announcement under Regulation 30 (LODR)-Credit Rating

    Corporate Governance Rating revised by CARE from CG2+ to CG1.

    AGM/EGM
    Shareholder Meeting / Postal Ballot-Scrutinizer"s Report

    Submission of Voting Results and Scrutinizer's Report for Postal Ballot regarding appointment of Shri Ashish Dhawan and Ms Shanti Ekambaram; both resolutions passed with requisite majority.

    AGM/EGM
    Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot

    Submission of Voting Results and Scrutinizer's Report for Postal Ballot regarding appointment of Shri Ashish Dhawan and Ms Shanti Ekambaram; both resolutions passed with requisite majority.

    Company Update
    Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    Havells India Limited, shall be participating in "Motilal Oswal 22nd Annual Global Investor Conference, 2026" scheduled on 17th August 2026.

    Company Update
    Announcement under Regulation 30 (LODR)-Change in Management

    Havells India Limited informs about the appointment of Senior Management personnel - Mr Sandeep Sehgal as EVP - Sales Lloyd

    Company Update
    Announcement under Regulation 30 (LODR)-Newspaper Publication

    Newspaper Publication after despatch of Notice of Postal Ballot seeking approval of the Members for appointment of Shri Ashish Dhawan and Ms Shanti Ekambaram as Independent Directors of the Company.

    AGM/EGM
    Shareholder Meeting / Postal Ballot-Notice of Postal Ballot

    Pursuant to Reg 30, we are enclosing herewith Notice of Postal Ballot/ E-voting seeking approval of the Shareholders on the following Special Resolutions through Postal Ballot:- 1. Appointment ....

    Company Update
    Intimation Of Postal Ballot/ E-Voting

    The Company is conducting a Postal Ballot/ E-voting seeking approval of Shareholders on following 2 Special Resolutions:- 1. Appointment of Shri Ashish Dhawan as an Independent Director ....

    Filed with BSE (scrip 517354); the last 45 days. Documents open at bseindia.com.

    SEBI filings & orders

    From SEBI's website. An order may concern the company, its officers or trading in its shares, and may be under appeal - read the order itself. Personal identifiers are withheld.

    Regulatory orders

    • Final order

      Final Order in the matter of Havells India Limited

      28 Jun 2023
      Read on SEBI
    • Order

      Exemption order under Regulation 11 of SEBI (SAST) Regulations, 2011 in the matter of Havells India Limited

      11 Apr 2018
      Read on SEBI
    • Adjudication order

      Adjudication Order against Narendra Nath in the matter of Aarti Drugs and Havells India Ltd

      29 Apr 2011
      Read on SEBI
    • Adjudication order

      Adjudication Order in respect of Shri Naresh N Shah in the matter of Havells India Limited

      27 Oct 2010
      Read on SEBI
    • Adjudication order

      Adjudication Order in respect of M/s. Ahimsa Leasing and Finance Ltd in the matter of Aarti Drugs Ltd., Havells India Ltd and Lyka Labs Ltd

      30 Sept 2010
      Read on SEBI

    Documents

    Annual reports

    Earnings calls

    Credit ratings

    Documents open at BSE or the rating agency that issued them.

    Sourced from the company's NSE XBRL filing dated 17 Jan 2025 (unaudited). View the source filing. Figures are as filed and are not investment advice.