Havells India
Market cap ₹63,377 Cr
- P/E
- 38.83
- Day range
- ₹1,005.80 – ₹1,037.70
- 52-week range
- ₹1,002.80 – ₹1,516.60
- Volume
- 9.70 L
- Open
- ₹1,022.00
- Prev close
- ₹1,031.00
Latest results · Q2 FY27(consolidated)Revenue ₹6,432 Cr+34.6%Profit ₹349 Cr+9.7%Margin 5.4%YoY vs the same quarter last year
No red flags in exchange filings: no rising pledge, promoter selling, surveillance or critical filing on record.
HAVELLS in NSE indices and F&O
F&O margin for one lot of HAVELLS (500 shares)Research profile
Composite 45 / 100Factor percentiles
Derived metrics
- Earn. yield
- 2.6%
- Graham no.
- ₹305.02
- vs Graham
- -69.8%
- ROE ÷ P/B
- 2.9%
- 12-1 mom.
- -24.9%
- Return / vol
- -1.16
- Magic Formula
- #231
- Piotroski
- 4/6
- FCF yield
- 0.1%
- PEG
- 0.99
Appears in 15 scans
Percentiles rank this stock against the other tracked stocks and change as they do. Scans describe where figures sit today. Hover a label for its definition. Not investment advice.
Peer comparison
All 90 in Consumer| Company | M-cap | P/E | P/B | ROE | ROCE | OPM | D/E | Sales YoY |
|---|---|---|---|---|---|---|---|---|
| Titan CompanyTITAN | ₹3.84 L Cr | 66.63 | 24.29 | 37.1% | 21.0% | 14.0% | 1.95 | +29.3% |
| Asian PaintsASIANPAINT | ₹2.23 L Cr | 46.74 | 10.35 | 21.6% | 26.0% | 21.0% | 0.18 | +17.9% |
| Avenue SupermartsDMART | ₹2.05 L Cr | 65.87 | 7.89 | 12.9% | 17.0% | 7.0% | 0.16 | +17.8% |
| TrentTRENT | ₹1.47 L Cr | 81.19 | 20.82 | 27.7% | 28.0% | 19.0% | 0.37 | +17.9% |
| The Indian Hotels CompanyINDHOTEL | ₹1.13 L Cr | 51.22 | 8.16 | 18.6% | 17.0% | 28.0% | 0.25 | +21.7% |
| Lenskart SolutionsLENSKART | ₹1.13 L Cr | 176.00 | 12.45 | 6.8% | 8.0% | 22.0% | 0.35 | +43.3% |
| LG Electronics IndiaLGEINDIA | ₹1.10 L Cr | 60.30 | 14.26 | 24.7% | 32.0% | 12.0% | 0.06 | +15.5% |
| Havells IndiaHAVELLS | ₹63,377 Cr | 38.83 | 6.61 | 19.0% | 25.0% | 9.0% | 0.02 | +34.6% |
| Sector median | ₹10,196 Cr | 38.67 | 4.92 | 13.0% | 15.0% | 12.5% | 0.27 | +17.9% |
Sector as classified in the tracked universe; medians use every tracked Consumer company, and P/E only profitable ones. Tinted figures beat the median.
Latest news
Updated 9d agoHeadlines about Havells India from the last two weeks in the financial press. Stories belong to their publishers; Parasram India does not endorse them.
Key metrics
- P/E (TTM)
- 38.1
- EPS (TTM)
- ₹26.01
- Price / Book
- 6.47
- ROE (FY26)
- 19.0%
- ROCE (latest year)
- 25%
- Dividend yield
- 0.97%
Moving averages (NSE)
- 20-day
- ₹1,068.48
- Price below
- 50-day
- ₹1,144.71
- Price below
- 200-day
- ₹1,243.12
- Price below
Charts & trends
From company filings. Amounts in ₹ crore.
Revenue, profit & margin - quarterly
₹ crore; a loss shows red. Operating margin below, same periods.
- Revenue
- Net profit
Operating margin
Who owns the company
% of equity by quarter, latest Sept 2026
- Promoter
- DII
- FII
- Public
- Government
- Others
Cash flows
Where cash came from and went, by fiscal year (₹ crore)
- Operating
- Investing
- Financing
- Free cash flow
Return on equity
Net profit over shareholders' equity, by fiscal year
Equity vs debt
Shareholders' equity against borrowings (₹ crore); the ratio below, same years.
- Equity
- Debt
Debt to equity
Dividends per share
₹ by fiscal year of the ex-date; the latest year runs to date.
Financial statements
| Line item | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 4,414 | 5,442 | 5,806 | 4,539 | 4,889 | 6,544 | 5,455 | 4,779 | 5,588 | 6,705 | 6,518 | 6,432 |
| Expenses | 3,981 | 4,807 | 5,234 | 4,164 | 4,462 | 5,787 | 4,940 | 4,341 | 5,072 | 5,976 | 6,052 | 5,859 |
| Operating Profit | 433 | 635 | 572 | 375 | 426 | 757 | 516 | 438 | 516 | 729 | 466 | 573 |
| OPM % | 10% | 12% | 10% | 8% | 9% | 12% | 9% | 9% | 9% | 11% | 7% | 9% |
| Other Income | 56 | 76 | 77 | 93 | 64 | 69 | 69 | 91 | 9 | 310 | 54 | 33 |
| Interest | 10 | 18 | 9 | 10 | 9 | 15 | 9 | 9 | 9 | 10 | 7 | 5 |
| Depreciation | 88 | 93 | 92 | 95 | 104 | 110 | 106 | 106 | 109 | 112 | 121 | 129 |
| Profit before tax | 391 | 599 | 549 | 363 | 377 | 701 | 470 | 415 | 408 | 918 | 392 | 473 |
| Tax % | 26% | 25% | 26% | 26% | 26% | 26% | 26% | 23% | 26% | 21% | 26% | 26% |
| Net Profit | 288 | 447 | 408 | 268 | 278 | 517 | 348 | 318 | 300 | 723 | 290 | 349 |
| EPS in Rs | ₹4.59 | ₹7.13 | ₹6.51 | ₹4.28 | ₹4.44 | ₹8.26 | ₹5.55 | ₹5.09 | ₹4.80 | ₹11.53 | ₹4.63 | ₹5.57 |
From company filings, updated 26 Oct 2026. Consolidated figures where the company reports them. Information only, not investment advice.
Working-capital cycle
-7 days since Mar 2021
-43 days since Mar 2021
-21 days since Mar 2021
-28 days since Mar 2021
-6 days since Mar 2021
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 has reduced debt.
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 41.4%
Risks
None flagged by the checklist.
Compounded Sales Growth
- 10 Years
- +11%
- 5 Years
- +17%
- 3 Years
- +10%
- TTM
- +17%
Compounded Profit Growth
- 10 Years
- +12%
- 5 Years
- +11%
- 3 Years
- +16%
- TTM
- +16%
Stock Price CAGR
- 10 Years
- +10%
- 5 Years
- -4%
- 3 Years
- -6%
- 1 Year
- -31%
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
| Holder | Dec 2025 | Mar 2026 | Jun 2026 | Sept 2026 | Change |
|---|---|---|---|---|---|
| Promoter | 59.38% | 59.38% | 59.35% | 59.35% | 0.00 pp |
| FII | 17.96% | 16.93% | 15.91% | 14.47% | -1.44 pp |
| DII | 16.53% | 17.50% | 18.04% | 19.87% | +1.83 pp |
| Government | 0.17% | 0.23% | 0.23% | 0.00% | -0.23 pp |
| Public | 5.95% | 5.96% | 6.47% | 6.31% | -0.16 pp |
| Others | 0.00% | 0.00% | 0.00% | 0.00% | 0.00 pp |
Filed with NSE for Sept 2026: promoters 59.35%, public 40.65% · XBRL filing
Analysts & fund holdings
Who holds the shares, quarter by quarter
Mutual funds 9.46% (+1.60 pp)- Promoters59.4%
- Foreign institutions14.5%
- Mutual funds9.5%
- Insurance9.4%
- Other domestic institutions0.8%
- Retail4.5%
- Others2.0%
| Fund | % of company | % of fund | 3-month change |
|---|---|---|---|
| HDFC Mid Cap Fund | 1.22% | 0.84% | +0.84 pp |
| SBI Aggressive Hybrid Fund | 1.01% | 0.83% | +0.82 pp |
| HDFC Focused Fund | 0.93% | 2.32% | +0.05 pp |
| HDFC Flexi Cap Fund | 0.71% | 0.46% | -0.07 pp |
| HDFC Large Cap Fund | 0.63% | 1.18% | -0.11 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.
Risk & trend
From 275 daily sessions to 23 Oct 2026.
Risk
- Volatility (1Y)
- 24.8%
- Downside volatility
- 27.8%
- Worst 5% of days
- 3.0%
- Average of that tail
- 4.1%
- Max drawdown (1Y)
- 37.1%
- Below its peak
- 36.2%
Against the market
- Beta vs Nifty 50
- 1.04
- Correlation
- 0.56
- Relative strength (3M)
- -9.5%
- ATR (14)
- 3.3%
Return
- Return 1M
- -5.3%
- Return 3M
- -14.8%
- Return 6M
- -23.6%
- Return 1Y
- -28.9%
- vs 200-day average
- -17.1%
Momentum
- RSI (14)
- 37.3
- MACD histogram
- 3.92
- Stochastic %K
- 20.8
- ADX (14)
- 28.3
- +DI / −DI
- 18.8 / 34.4
- Money flow index
- 48.1
Participation
- Delivery (20d avg)
- 49.5%
- vs its 60-day baseline
- -6.0 pts
- Volume vs 20-day
- +3.6σ
- Close vs day's VWAP
- +0.4%
- 52-week position
- 3 / 100
These describe what this stock's price has already done. They are not forecasts, signals or recommendations, and a dash means the figure was withheld for want of enough history rather than being zero.
Financial quality
From consolidated statements to 31 Mar 2026.
Piotroski F-Score
4 of 6 tested
- Return on assets positive — passed
- Operating cash flow positive — not testableno cash flow statement for this period
- Return on assets improving — passed
- Cash flow exceeds profit — not testableneeds cash flow and profit against assets
- Debt to assets falling — passed
- Current ratio improving — failed
- No new equity issued — not testableno share count is collected, and financing cash flow mixes equity with debt
- Operating margin improving — passed
- Asset turnover improving — failed
- Free cash flow
- ₹88 Cr
- FCF yield
- 0.1%
- Cash conversion
- 0.93
- Accruals ratio
- 0.008
- Net debt
- -₹523 Cr
- Net debt / equity
- -0.06
- EV / sales
- 2.54
- PEG
- 0.99
- Capex intensity
- 6.6%
- Revenue CAGR
- 2.5%
- Profit CAGR
- 39.9%
Computed from filed statements, not filed themselves. A dash means an input was absent, and the score counts only the criteria that could actually be tested.
Corporate actions
- dividend₹6.00
Dividend - Rs 6 Per Share
22 May 2026ex-date - dividend₹4.00
Interim Dividend - Rs 4 Per Share
23 Jan 2026ex-date - dividend₹6.00
Annual General Meeting/Dividend - Rs 6 Per Share
23 May 2025ex-date - dividend₹4.00
Interim Dividend - Rs 4 Per Share
22 Jan 2025ex-date - dividend₹6.00
Annual General Meeting/Dividend - Rs 6 Per Share
31 May 2024ex-date - dividend₹3.00
Interim Dividend - Rs 3 Per Share
1 Feb 2024ex-date - dividend₹4.50
Annual General Meeting/Dividend - Rs 4.50 Per Share
2 Jun 2023ex-date - dividend₹3.00
Interim Dividend - Rs 3 Per Share
25 Jan 2023ex-date - dividend₹4.50
Annual General Meeting/Dividend - Rs 4.50 Per Share
14 Jun 2022ex-date - dividend₹3.00
Interim Dividend - Rs 3 Per Share
27 Oct 2021ex-date - dividend₹3.50
Annual General Meeting/Dividend - Rs 3.50 Per Share
17 Jun 2021ex-date - dividend₹3.00
Interim Dividend - Rs 3 Per Share
28 Jan 2021ex-date - dividend₹4.00
Interim Dividend - Rs 4 Per Share
16 Mar 2020ex-date - dividend₹4.50
Annual General Meeting/Dividend - Rs 4.50 Per Share
18 Jul 2019ex-date - dividend₹4.00
Annual General Meeting/Dividend- Rs 4 Per Share
4 Jul 2018ex-date - dividend₹3.50
Annual General Meeting/Dividend - Rs 3.50 Per Share
21 Jun 2017ex-date - dividend₹3.00
Annual General Meeting/ Dividend -Rs 3/- Per Share
29 Jun 2016ex-date - dividend₹3.00
Special Dividend - Rs 3/- Per Share (Purpose Revised)
10 Feb 2016ex-date - dividend₹3.00
Annaul General Meeting/Dividend - Rs 3/- Per Share
29 Jun 2015ex-date - splitNot available — not reported in this filing
Face Value Split From Rs 5/- Per Share To Re 1/- Per Share
26 Aug 2014ex-date
Company announcements
Newspaper Publication - Q2 Financial Results
This is with reference to the Company intimation dated 16th October, 2026 filed with the stock exchanges in terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) ....
Information Update on the financials results submitted for Q2 and half-year ended 30 September 2026
Unaudited Standalone & Consolidated financial results for Q2 and half-year ended 30 September 2026
In terms of Regulations 30, 33 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with corresponding circulars and notifications ....
The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for HDFC Mutual Fund
Earnings Conference Call to discuss the financial results for the second quarter and half-year ended 30th September, 2026
Change in Senior Management - Appointment
Certificate received from MUFG Intime India Pvt Ltd, the RTA of the Company, confirming compliance of Regulation 74(5) of the SEBI (DP) Regulations, 2018, for the quarter ended 30th September 2026.
Havells India Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 22/10/2026 ,inter alia, to consider and approve the unaudited standalone and ....
Intimation of Grant and Vesting under ESPS 2022.
CARE assigns/ reaffirms ratings
Newspaper Publication titled SPECIAL WINDOW FOR TRANSFER AND DEMATERIALISATION (DEMAT) OF PHYSICAL SHARES.
Havells India Limited shall be participating in the J.P. Morgan India Conference scheduled for 21 September 2026.
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 2023Read on SEBI - Order
Exemption order under Regulation 11 of SEBI (SAST) Regulations, 2011 in the matter of Havells India Limited
11 Apr 2018Read on SEBI - Adjudication order
Adjudication Order against Narendra Nath in the matter of Aarti Drugs and Havells India Ltd
29 Apr 2011Read on SEBI - Adjudication order
Adjudication Order in respect of Shri Naresh N Shah in the matter of Havells India Limited
27 Oct 2010Read 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 2010Read on SEBI
Documents
Annual reports
Earnings calls
- Oct 2026TranscriptSlidesRecording
- Jul 2026TranscriptSlidesRecording
- Apr 2026TranscriptSlidesRecording
- Jan 2026TranscriptSlidesRecording
- Oct 2025TranscriptSlidesRecording
- Jul 2025TranscriptSlidesRecording
Credit ratings
- Rating update · 1 Oct from care
- Rating update · 6 Jul from care
- Rating update · 7 Jul 2025 from care
- Rating update · 8 Oct 2024 from care
- Rating update · 9 Oct 2023 from care
- Rating update · 20 Sep 2022 from care
Documents open at BSE or the rating agency that issued them.
Sourced from the company's NSE XBRL filing dated 22 Oct 2026 (unaudited). View the source filing. Figures are as filed and are not investment advice.
Havells India: common questions
Answered from the figures on this page.
