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Havells India Limited

Havells India Limited

NSE: HAVELLS
Electrical Equipment & PartsIndustrialsLARGE CAPMCap ₹70.35k Cr
₹1,121.00₹4.90 (+0.44%)

Market Closed • NSE

Market cap₹70.35k Cr
Enterprise value₹67.94k Cr
P/E TTM43.53
Forward P/E34.36
P/B7.44
EPS TTM₹25.75
Forward EPS₹32.62
ROCE24.90%
D/E2.80
Dividend yield0.01%
PEG0.20
Face value₹1.00
52W high₹1,516.60
52W low₹1,015.10
Price chart(1Y)
1Y Return:-2.87% (₹33.10)
H: ₹1,315L: ₹1,015.1
1W+6.56%
1M+2.66%
3M-7.93%
6M-11.05%
1Y-24.84%
Today at a glance

Day range

₹1,112.50₹1,138.70

52 week range

₹1,015.10₹1,516.60
Volume723.7K0.93x 20D avg
Free float50.00%-6.80% volume

Havells India Limited closed at INR1121.00 (+0.44%) on volume 0.93x its 20-day average, trading 26.08% below its 52-week high.

Technical analysis
RSI (14)55.2Neutral (30–70)
MACDBULLISHBullish (Above signal)
ATR (14)₹27.72Moderate
SMA 20₹1,075.61BULLISH
SMA 50₹1,158.31BEARISH
SMA 100₹1,176.39BEARISH
SMA 200₹1,245.49BEARISH
CPR bottom₹1,115.70
Pivot₹1,115.83
CPR top₹1,115.97
What changed recently?

2026-Q2

Q2 FY2026 Financial Results

PAT moved -59.9% QoQ

2026-05-22

DIVIDEND Announced

Dividend - Rs 6 Per Share

2026-01-23

DIVIDEND Announced

Interim Dividend - Rs 4 Per Share

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
PASS4/4 criteria
Shariah Compliant
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹265.2 Cr₹70.35k Cr0.38%≤ 33%PASS
Non-halal income ratio₹140.1 Cr₹22.29k Cr0.63%≤ 5%PASS
Illiquid assets ratio₹13.96k Cr₹14.75k Cr94.65%≥ 20%PASS
Receivables ratio–₹14.75k Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E43.5328.10
Forward P/E34.36—
P/B7.443.10
EV/EBITDA—18.00
PEG0.201.10
Earnings yield2.303.60
Growth & profitability
RevenuePAT
FY25PAT margin 6.70%
FY26PAT margin 7.50%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y+0.80%
Revenue CAGR 5Y+0.60%
PAT CAGR 3Y+4.30%
PAT CAGR 5Y+2.80%
Operating margin5.30%
Net margin6.92%
Financial health & cash flow
Net debt–Moderate
Interest coverage50.10xEBIT / interest
CFO / PAT0.93x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹1.57k Cr
Capital expenditure–
Free cash flow₹87.5 Cr
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall55/100
Valuation50/100
Profitability80/100
Financial health35/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

Strong Capital Efficiency: ROCE stands at 24.9%

Risks

Elevated Leverage Burden: Debt-to-Equity stands at 2.80x

Bull case

Market Leadership: Established operational scale in Electrical Equipment & Parts.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Shareholding pattern
Quarterly ownership historyLatest valid period · December 2025

Ownership distribution

Dec 2025Latest holding

Category trends

Hover over a period for exact holdings

60%40%20%0%Sept 2024Dec 2024Jun 2025Sept 2025Dec 2025
34.43%Institutional holding
5.96%Public holding
5Periods available
0.00%Promoter pledged
2.75LShareholders
Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
24 May 2026Dividend₹6.00 / share—22 May 2026
23 Jan 2026Dividend₹4.00 / share—23 Jan 2026
25 May 2025Dividend₹6.00 / share—23 May 2025
22 Jan 2025Dividend₹4.00 / share—22 Jan 2025
—Dividend₹6.00 / share—31 May 2024
01 Feb 2024Dividend₹3.00 / share—01 Feb 2024
—Dividend₹4.50 / share—02 Jun 2023
28 Jan 2023Dividend₹3.00 / share—25 Jan 2023
—Dividend₹4.50 / share—14 Jun 2022
28 Oct 2021Dividend₹3.00 / share—27 Oct 2021
—Dividend₹3.50 / share—17 Jun 2021
29 Jan 2021Dividend₹3.00 / share—28 Jan 2021
17 Mar 2020Dividend₹4.00 / share—16 Mar 2020
—Dividend₹4.50 / share—18 Jul 2019
—Dividend₹4.00 / share—04 Jul 2018
—Dividend₹3.50 / share—21 Jun 2017
—Dividend₹3.00 / share—29 Jun 2016
11 Feb 2016Dividend₹3.00 / share—10 Feb 2016
—Dividend₹3.00 / share—29 Jun 2015
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)52.77%-7.22% latest vs average
Highest delivery66.90%on 30 Sept
Average volume (20D)776.5KTrading-session average
Conviction trendWeakening-7.22% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
Larsen & Toubro Limited
Larsen & Toubro LimitedLT
Open analysis
₹4.99L30.091.05%₹67,942.00₹4,988.00+6.69%+15.52%
Adani Ports and Special Economic Zone Limited
Adani Ports and Special Economic Zone LimitedADANIPORTS
Open analysis
₹4.03L29.880.43%₹10,821.00₹3,650.00+18.57%+10.24%
Hindustan Aeronautics Limited
Hindustan Aeronautics LimitedHAL
Open analysis
₹3.34L35.790.92%₹5,515.00₹1,590.00+14.44%+14.88%
Bharat Electronics Limited
Bharat Electronics LimitedBEL
Open analysis
₹2.75L44.860.66%₹5,547.00₹1,055.00+24.93%+8.88%
InterGlobe Aviation Limited
InterGlobe Aviation LimitedINDIGO
Open analysis
₹1.81L—0.00%₹24,584.10-₹237.60+19.95%-110.92%
Bharat Heavy Electricals Limited
Bharat Heavy Electricals LimitedBHEL
Open analysis
₹1.51L52.550.32%₹7,697.72₹381.91+40.29%+183.84%
ABB India Limited
ABB India LimitedABB
Open analysis
₹1.44L93.500.58%₹3,559.00₹362.00+21.05%+2.84%
CG Power and Industrial Solutions Limited
CG Power and Industrial Solutions LimitedCGPOWER
Open analysis
₹1.33L106.680.16%₹3,281.00₹308.00+14.00%+15.36%
About Havells India Limited
Havells India Limited

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]

IndiaIndustrials

Questions investors ask
Is Havells India Limited Shariah compliant?

Havells India Limited is currently screened as Shariah Compliant under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (0.38%) complies with AAOIFI threshold (≤ 33%).

What is Havells India Limited's current valuation relative to peers?

Havells India Limited trades at a P/E of 43.5x compared to the sector median of 28.1x, and a Price-to-Book of 7.4x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 2.80x. Interest coverage is 50.1x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at 0.6% while net profit growth averaged 2.8%.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.