HAVELLS

Havells India Ltd.

NSE: HAVELLS

BSE: 517354

Sector: Consumer Durables

Industry Group: Consumer Durables

Industry: Consumer Electronics

1,181.10-5.6 (-0.47%)

3 Jul, 3:30 PM

Overview

Analysis Statements Technicals Forecast Peers Resources News

Stock Scores

Quality Score

87.6 / 100

Value Score

25.3 / 100

Price Momentum Score

33.9 / 100

QVM Score

44.4 / 100

Key Metrics

Market Cap

74472.80

P/E (TTM)

44.05

P/B

7.88

P/S (TTM)

3.31

EV/EBITDA

32.74

CAPE (5Y)

55.50

ROE (TTM)

19.02

ROCE (TTM)

19.34

ROA (TTM)

11.84

Avg 3Y ROE

18.58

Earnings 3Y CAGR

16.35

Sales 3Y CAGR

10.24

Sales 5Y CAGR

16.59

Debt/Equity

0.03

Consensus TP

1535.00

Strong Buy %

24.32

Promoter Holding

59.38

Pledged %

0.00

Stock Analysis

Fundamental analysis overview of Havells India Ltd. covering key investment insights, growth drivers, risk factors, and potential red flags.

Views

Red Flags

Positive

High and stable ROE

The company reported strong ROE of 19.02% for 12-month ended 31 Mar 2026 and ROE improved marginally by 34 bps from 1 year ago

What is ROE (FY)?

Low Debt to Equity, not much change from last year

The company has low Debt to Equity of 0.03 as on 31 Mar 2026 and Debt to Equity decreased marginally by 0.01 in the last 1 year

What is Debt to Equity?

Consistently pays dividend

The company has not missed dividend payments once in the last 10 financial years

What is Dividend streak?

Company is net cash

The company is net cash i.e., cash and cash equivalents exceed total debt indicating a healthy balance sheet

What is Net Debt ?

Negative

Expensive and at a premium to industry median P/E

PE TTM of 44.05 indicates that the stock is expensive on a standalone basis and is at a 26.25% premium to industry median P/E

What is P/E Ratio?

Median: 34.89

Value 44.05

0.0727777.7

Analysts have been downgrading forward EPS estimates

Analyst EPS estimate (consensus) for forward EPS has decreased by -8.02% in the last 3 months, indicating weak earnings momentum

What is Earnings upgrade (3M)?

Low but stable operating margin

The company reported low operating margin of 7.9% for 12-month ended 31 Mar 2026 and operating margin declined marginally by -15 bps from 1 year ago

What is Operating profit margin?

Low revenue growth and lower than median growth of industry

The company delivered moderate revenue growth of 3.44% for 12-month ended 31 Mar 2026 and the growth was 12.12 percentage points lower than median growth of industry

What is Sales growth (1Y)?

Median: 15.56

Value 3.44

-88.621440

Low dividend yield

The company has a low dividend yield of 0.84%

What is Dividend yield?

Neutral

Moderate EPS growth and in line with median growth of industry

The company delivered moderate EPS growth of 14.75% for 12-month ended 31 Mar 2026 and the growth was 1.64 percentage points higher than median growth of industry

What is EPS growth (1Y)?

Company's earnings are of moderate quality

Earnings quality score of 61.7 indicates that the company's earnings are of moderate quality. Earnings quality is measured using combination of earnings persistence, probability of manipulation and earnings to cash conversion

What is Earnings quality score?

61.7 / 100

Financial Snapshot

See detailed analysis

Multi-year trends for Havells India Ltd. covering revenue, net profit, ROE, and EBITDA for a quick view of financial health over time.

Net Revenue FY

Profit After Tax FY

ROE FY

EBITDA FY

Havells India Ltd. Shareholding Pattern

Quarterly breakdown of Havells India Ltd. ownership including promoter, FII, DII, mutual fund, and public holdings as disclosed to NSE/BSE.

	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	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	Dec 2025	Mar 2026
Total Promoter	59.52	59.50	59.50	59.50	59.50	59.47	59.47	59.47	59.47	59.45	59.45	59.45	59.45	59.43	59.43	59.43	59.43	59.41	59.41	59.41	59.41	59.38	59.38	59.38	59.38
Indian Promoter	59.52	59.50	59.50	59.50	59.50	59.47	59.47	59.47	59.47	59.45	59.45	59.45	59.45	59.43	59.43	59.43	59.43	59.41	59.41	59.41	59.41	59.38	59.38	59.38	59.38
Foreign Promoter	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Institutions	31.54	31.82	32.31	32.95	32.99	32.30	32.99	32.87	32.69	32.15	33.10	33.11	33.48	33.57	33.67	34.07	34.71	34.88	35.00	35.02	35.07	34.94	34.80	34.67	34.67
Mutual Funds / UTI	3.18	2.99	2.22	2.00	2.24	2.93	2.51	2.45	3.63	4.21	3.71	3.98	3.91	3.47	3.47	3.81	3.57	3.81	3.94	4.98	5.44	5.55	6.42	6.77	6.87
FI/Bank/Insurance	4.82	6.40	7.40	6.19	5.50	5.09	3.53	3.72	4.44	4.61	4.93	5.29	5.18	5.00	4.63	4.67	4.62	4.13	4.37	4.55	5.62	6.53	7.78	8.62	9.38
Govt	0.23	0.23	0.23	0.23	0.19	0.12	0.11	0.10	0.10	0.10	0.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-
FII	23.04	21.95	22.22	24.36	24.91	24.01	26.76	26.51	24.44	23.10	23.30	22.60	23.11	23.79	24.19	23.96	24.83	25.33	24.76	23.46	22.31	21.59	19.28	17.96	16.93
Other Institutions	0.27	0.25	0.24	0.17	0.15	0.15	0.08	0.09	0.08	0.14	1.16	1.23	1.28	1.31	1.38	1.63	1.69	1.61	1.92	2.03	1.70	1.27	1.32	1.31	1.48
Non-Institution	8.94	8.68	8.19	7.56	7.51	8.22	7.54	7.67	7.84	8.39	7.44	7.44	7.07	6.99	6.90	6.50	5.85	5.71	5.59	5.57	5.52	5.67	5.81	5.95	5.96
Bodies Corporate	0.95	0.75	0.67	0.54	0.55	0.56	0.58	0.54	0.50	0.81	0.83	0.75	0.70	0.72	0.69	0.64	0.58	0.58	0.54	0.36	0.34	0.38	0.34	0.34	0.37
Others (incl. Retail) No. of shareholders	7.99 1,32,964	7.93 1,52,002	7.52 1,40,312	7.02 1,31,031	6.96 1,56,777	7.66 2,20,169	6.96 1,88,256	7.13 2,14,565	7.34 2,54,230	7.58 2,42,073	6.61 2,34,393	6.69 2,47,714	6.37 2,37,761	6.27 2,23,340	6.21 2,22,264	5.86 2,29,653	5.27 2,22,566	5.13 2,13,004	5.05 2,11,947	5.21 2,35,554	5.18 2,45,292	5.29 2,57,682	5.47 2,65,132	5.61 2,74,453	5.59 2,72,905

Holdings and Presence

Indices and prominent investors with a stake in this stock.

Index Presence

#	Index	Weight	Rank
1	SHI: Consumer Electronics	14.55%	4 / 7
2	SHI: Consumer Durables	6.8%	5 / 20
3	Nifty 200 Quality 30	1.79%	27 / 30
4	Nifty100 Quality 30	1.78%	29 / 30
5	Nifty Midcap 50	1.33%	41 / 50
6	Nifty Consumption	0.92%	30 / 30
7	Nifty Midcap 100	0.89%	50 / 100
8	Nifty Midcap 150	0.74%	50 / 149
9	NIFTY Large Midcap 250	0.38%	81 / 250
10	Nifty 500	0.15%	141 / 499

Bulk, Block and Insider Trades

Recent bulk deals, block deals, and insider trading activity in Havells India Ltd. shares as reported to NSE and BSE.

Name	Month	Transaction	Holding % pre transaction	Average price	Qty.	Transaction value
RAJIV GOEL Employee	July-2021	Market Sale (Disposal) 30th Jul 2021	0.05 %	₹ 1,175.26	2.25 k	₹ 26.44 lac
GAURAV TAXALI Employee	July-2021	Market Sale (Disposal) 28th Jul 2021	0.00 %	₹ 1,131.19	4.50 k	₹ 50.90 lac
RAJIV GOEL Employee	July-2021	Market Sale (Disposal) 28th Jul 2021	0.05 %	₹ 1,163.98	7.50 k	₹ 87.30 lac
MAHENDER VALLAKATI Employee	June-2021	Market Sale (Disposal) 26th Jun 2021	0.00 %	₹ 999.72	2.04 k	₹ 20.42 lac
RAJIV GOEL Employee	February-2021	Market Sale (Disposal) 26th Feb 2021	0.04 %	₹ 1,158.08	1.50 k	₹ 17.37 lac
NAVEEN NANDA Employee	February-2021	Market Sale (Disposal) 18th Feb 2021	0.00 %	₹ 1,211.00	1.00 k	₹ 12.11 lac
SUBRATA SEN Employee	February-2021	Market Sale (Disposal) 10th Feb 2021	0.00 %	₹ 1,143.34	1.00 k	₹ 11.43 lac
AMIT KUMAR GUPTA Employee	February-2021	Market Sale (Disposal) 4th Feb 2021	0.00 %	₹ 1,134.62	1.14 k	₹ 12.91 lac
MUKESH KUMAR SHARMA Employee	January-2021	Market Sale (Disposal) 29th Jan 2021	0.00 %	₹ 1,113.27	1.25 k	₹ 13.92 lac
VIPUL AGGARWAL Employee	January-2021	Market Sale (Disposal) 29th Jan 2021	0.00 %	₹ 1,160.35	1.00 k	₹ 11.60 lac

Corporate Actions

History of Havells India Ltd. dividends, bonus issues, stock splits, rights issues, and other corporate events.

Dividend₹ 6/share
Record date: 24th May 2026Ex-date: 22nd May 2026
Announced on: 22nd Apr 2026
Dividend₹ 4/share
Record date: 23rd Jan 2026Ex-date: 23rd Jan 2026
Announced on: 8th Jan 2026
Dividend₹ 6/share
Record date: 25th May 2025Ex-date: 23rd May 2025
Announced on: 22nd Apr 2025
Dividend₹ 4/share
Record date: 22nd Jan 2025Ex-date: 22nd Jan 2025
Announced on: 10th Jan 2025
Dividend₹ 6/share
Record date: 1st Jun 2024Ex-date: 31st May 2024
Announced on: 30th Apr 2024

Company Profile

Overview of Havells India Ltd. covering business description, industry classification, key management, financial ratios, and listed exchange details.

Havells India Limited is an India-based fast moving electrical goods (FMEG) company. The Company is consumer electrical/electronic and power distribution equipment manufacturer with products ranging from industrial and domestic circuit protection switchgears, cables, motors, pumps, solar products, s...

Key personnel

Shri. Sanjay Kumar Gupta

Senior Vice President, Compliance Officer, Company Secretary

Shri. Anil Rai GuptaD

Executive Chairman of the Board, Chief Executive Officer, Managing Director

Shri. Rajesh Kumar GuptaD

Group Chief Financial Officer, Executive Whole-Time Director

Shri. Ameet Kumar GuptaD

Executive Whole-Time Director

Shri. Siddhartha PanditD

Executive Whole-Time Director

Mr. Puneet BhatiaD

Non-Executive Non-Independent Director

Shri. Surjit Kumar GuptaD

Non-Executive Non-Independent Director

Shri. Tellicheery Venkataraman Mohandas PaiD

Non-Executive Non-Independent Director

View all

Incorporated on

08 Aug 1983

Last Annual

31 Mar 2026

Last Interim

31 Mar 2026

No. of Employees

8,181

IPO date

15 Oct 1993

Free Float

22,89,05,956

Website

https://www.havells.com/

Phone no.

+911203331000

Address

QRG Towers 2D Sector 126 Expressway, , 201304, India

Frequently Asked Questions

What is the current share price of Havells India Ltd.?

The current share price of Havells India Ltd. is ₹ 1,181.10 as of 3 Jul 2026.

What is the market capitalisation of Havells India Ltd.?

The market capitalisation of Havells India Ltd. stands at ₹ 74,472.80 Cr.

What is the PE ratio of Havells India Ltd.?

The Price-to-Earnings (PE) ratio of Havells India Ltd. is 44.05 as of the latest trailing twelve months data.

What is the ROE and ROCE of Havells India Ltd.?

Havells India Ltd. has a Return on Equity (ROE) of 19.02% and a Return on Capital Employed (ROCE) of 19.34% as per the latest financial reports.

What is the 52-week high and low of Havells India Ltd.?

The 52-week high of Havells India Ltd. is - and the 52-week low is -.

What is the dividend yield of Havells India Ltd.?

The dividend yield of Havells India Ltd. is 0.84% based on the current market price.

What is the FII and DII holding in Havells India Ltd.?

Foreign Institutional Investors (FII) hold 16.93%, Domestic Institutional Investors (DII) hold 16.25% and retail/public investors hold 5.59% of Havells India Ltd. shares.

What sector does Havells India Ltd. belong to?

Havells India Ltd. operates in the Consumer Durables sector. 70.27% of analysts have a Buy or Strong Buy rating on Havells India Ltd. with a consensus target price of ₹ 1,535.00, implying 29.35% upside from current levels.

What is the beta of Havells India Ltd.?

The beta of Havells India Ltd. is 1.04, indicating its price volatility relative to the broader market. Over the past 1 year, Havells India Ltd. has delivered an absolute return of -24.57%.

What is the RSI of Havells India Ltd.?

The 14-day Relative Strength Index (RSI) of Havells India Ltd. is 51.37, placing it in the neutral zone. An RSI above 70 is considered overbought and below 30 is considered oversold.

Havells India Ltd.

Stock Scores

Key Metrics

Share Price

Stock Analysis

Financial Snapshot

Havells India Ltd. Shareholding Pattern

Holdings and Presence

Bulk, Block and Insider Trades

Corporate Actions

Company Profile

Frequently Asked Questions

Holdings and Presence

Stock Analysis

Company Profile

Corporate Actions