HAVELLS - Havells India Limited Share Price

Consumer Durables

₹1529.10-28.90(-1.85%)

Market Closed as of Jun 17, 2025, 15:30 IST

What does Havells India Limited do?

Consumer Electronics•Consumer Durables•Large Cap

Havells India is a prominent consumer electronics company, listed under the stock ticker HAVELLS, with a notable market capitalization of Rs. 91,568 Crores.

The company specializes in manufacturing, trading, and selling a diverse range of consumer electrical and electronic products, both in India and internationally. It operates through six main segments:

Switchgears
Cables
Lighting and Fixtures
Electrical Consumer Durables
Lloyd Consumer
Others

Havells offers a wide array of products including:

Switches and switchgears such as circuit breakers, energy savers, and distribution boards.
Lighting products and various home appliances like air conditioners, LED televisions, and washing machines.
Fans in multiple forms including ceiling, table, and exhaust fans.
Pumps, dishwashers, and other heavy-duty electrical equipment.
Motors for various applications, along with solar solutions and IOT-enabled power solutions.

The company's products are marketed under several well-known brands including Havells, Lloyd, Havells Crabtree, Standard, REO, and Havells Studio. It boasts an international presence, exporting products to approximately 70 countries.

Founded in 1958 and based in Noida, India, Havells has reported trailing 12-month revenues of Rs. 20,986.8 Crores. The company also distributes dividends to its investors, currently yielding 0.89% annually, with each share returning Rs. 13 in dividends over the last year.

In the past three years, the company has experienced a significant revenue growth of 61.4%, although it has also diluted shareholdings by 0.1% during this period.

Industry Group:Consumer Durables

Employees:7,153

Website:www.havells.com

Valuation
Market Cap	95.87 kCr
Price/Earnings (Trailing)	65.2
Price/Sales (Trailing)	4.34
EV/EBITDA	39.05
Price/Free Cashflow	127.93
MarketCap/EBT	48.16

Fundamentals
Revenue (TTM)	22.08 kCr
Rev. Growth (Yr)	19.84%
Rev. Growth (Qtr)	33.49%
Earnings (TTM)	1.47 kCr
Earnings Growth (Yr)	15.74%
Earnings Growth (Qtr)	86%

Profitability
Operating Margin	9.01%
EBT Margin	9.01%
Return on Equity	17.63%
Return on Assets	10.65%
Free Cashflow Yield	0.78%

Revenue Breakdown

Analysis of Havells India's financial performance, highlighting revenue trends, growth patterns, and key metrics through quarterly analysis.

Revenue

Last Updated: Mar 31, 2025

Description	Share	Value
Cables	33.2%	2.2 kCr
Lloyd Consumer	28.6%	1.9 kCr
Electrical Consumer Durables	15.2%	997.3 Cr
Switchgears	10.6%	691.8 Cr
Lighting & Fixtures	6.8%	441.7 Cr
Others	5.7%	369.8 Cr
Total		6.5 kCr

Latest News and Updates from Havells India

Updated May 29, 2025

Havells India Ltd is making a significant investment of ₹340 crore to boost its cable manufacturing capacity, building on a previous ₹375 crore investment. The company reported a 10% revenue increase for the financial year 2023-24, reflecting strong operational performance despite economic challenges. They also focus on sustainability and debt-free operations, enhancing their market position. However, the stock has faced a 6% decline this year.

The Bad News

CNBCTV18

Havells' shares have seen a 6% decline this year, despite the overall growth in revenue and profits.

India Infoline

The economic environment remains challenging, which may affect future performance despite current growth metrics.

India Infoline

While growth has been strong, the ongoing market volatility poses risks to the company's operational efficiencies and future investments.

The Good News

CNBCTV18

Havells India Ltd is investing an additional ₹340 crore to enhance its cable manufacturing capacity at its Alwar facility, aiming to increase annual production significantly by September 2026.

India Infoline

Havells India Limited reported a 10% increase in revenue for the financial year 2023-24, reaching ₹18,550 crores, with an 18% growth in profit after tax.

India Infoline

The company remains debt-free and is committed to shareholder returns through dividends, while also focusing on sustainability and R&D capabilities.

This information is AI-generated and may contain inaccuracies. Please verify from multiple sources.

Pros

Buy Backs: Company has bought back it's stock in the past which is a good thing.

Growth: Good revenue growth. With 56.6% growth over past three years, the company is going strong.

Smart Money: Smart money has been increasing their position in the stock.

Size: It is among the top 200 market size companies of india.

Balance Sheet: Strong Balance Sheet.

Cons

Technicals: SharesGuru indicator is Bearish.

Momentum: Stock is suffering a negative price momentum. Stock is down -3.1% in last 30 days.

The Good, Bad and Ugly

Growth

Profitability

Size

Dilution Rank

Balance Sheet

Momentum

Technicals

Smart Money

Insider Trading

Sector Comparison: HAVELLS vs Consumer Durables

Comprehensive comparison against sector averages

Comparative Metrics

HAVELLS metrics compared to Consumer

Category	HAVELLS	Consumer
PE	66.44	79.37
PS	4.42	3.33
Growth	17.2 %	47.1 %

Performance Comparison

HAVELLS vs Consumer (2021 - 2025)

Key Insights

1. HAVELLS is among the Top 3 Consumer Electronics companies by market cap.
2. The company holds a market share of 35.1% in Consumer Electronics.
3. In last one year, the company has had a below average growth that other Consumer Electronics companies.

Share Holdings

Understand Havells India ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.

Holding Pattern

Major Shareholders

Share Holding Details

As of 2025-03-31

Shareholder Name	Holding %
QRG Investments and Holdings Limited	41.25%
Shri Anil Rai Gupta as Managing Trustee of ARG Family Trust	12.35%
Shri Surjit Kumar Gupta as Trustee of SKG Family Trust	5.81%
Life Insurance Corporation Of India	4.43%
Nalanda India Equity Fund Limited	4.12%
Government Pension Fund Global	1.62%
Nps Trust A/C Uti Pension Fund Limited-Scheme State Govt	1.53%
Government Of Singapore	1.01%
QRG Enterprises Limited	0%
Smt Vinod Gupta	0%
Shri Anil Rai Gupta	0%
Smt Sangeeta Rai Gupta	0%
Shri Abhinav Rai Gupta	0%
Shri Surjit Kumar Gupta	0%
Shri Ameet Kumar Gupta	0%
Smt Santosh Gupta	0%
Smt Shalini Gupta	0%

Overall Distribution

Distribution across major stakeholders

Ownership Distribution

Distribution across major institutional holders

Income Statement for Havells India

Standalone figures (in Rs. Crores) / View Consolidated Data

AnnualQuarterly

Description	(%) Q/Q	Mar-2025	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020
Revenue From Operations	17.2%	21,746	18,550	16,868	13,889	10,428	9,429
Other Income	21.4%	302	249	177	160	188	112
Total Income	17.3%	22,048	18,799	17,045	14,049	10,616	9,541
Cost of Materials	21.5%	11,999	9,874	9,318	7,772	5,391	4,390
Purchases of stock-in-trade	27.6%	3,087	2,420	2,995	1,831	1,615	1,273
Employee Expense	20.2%	1,852	1,541	1,262	1,015	885	900
Finance costs	-6.7%	43	46	34	53	73	20
Depreciation and Amortization	18.1%	399	338	296	261	249	218
Other expenses	20.2%	3,157	2,627	2,332	1,732	1,502	1,667
Total Expenses	17.3%	20,039	17,089	15,595	12,445	9,184	8,639
Profit Before exceptional items and Tax	17.5%	2,009	1,710	1,450	1,604	1,432	902
Exceptional items before tax	-	0	0	0	0	0	0
Total profit before tax	17.5%	2,009	1,710	1,450	1,604	1,432	902
Current tax	13.9%	502	441	364	398	339	199
Deferred tax	440.7%	18	-3.99	11	12	53	-30.23
Total tax	19%	520	437	375	409	392	169
Total profit (loss) for period	17%	1,489	1,273	1,075	1,195	1,040	733
Other comp. income net of taxes	-302.1%	-22.36	-4.81	-7.67	5.52	-2.02	-3.73
Total Comprehensive Income	15.6%	1,466	1,268	1,067	1,200	1,038	729
Earnings Per Share, Basic	17.8%	23.75	20.32	17.16	19.08	16.61	11.71
Earnings Per Share, Diluted	17.7%	23.74	20.32	17.16	19.08	16.61	11.71

Description	(%) Q/Q	Mar-2025	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023
Revenue From Operations	33.8%	6,532	4,882	4,533	5,798	5,434	4,401
Other Income	7.9%	69	64	93	77	76	56
Total Income	33.4%	6,601	4,947	4,626	5,875	5,510	4,457
Cost of Materials	17.5%	3,494	2,973	2,444	3,088	2,826	2,462
Purchases of stock-in-trade	3.6%	743	717	890	738	570	588
Employee Expense	1.1%	469	464	460	458	418	376
Finance costs	66.9%	15	9.39	10	8.55	18	10
Depreciation and Amortization	3.9%	108	104	95	92	93	88
Other expenses	10.6%	868	785	690	814	730	658
Total Expenses	29.2%	5,895	4,564	4,258	5,322	4,909	4,066
Profit Before exceptional items and Tax	85%	706	382	368	553	601	391
Total profit before tax	85%	706	382	368	553	601	391
Current tax	88.2%	176	94	91	141	163	98
Deferred tax	49.2%	7.52	5.37	4.9	0.01	-10.06	4.94
Total tax	86.7%	184	99	95	141	153	103
Total profit (loss) for period	84.8%	522	283	273	411	449	288
Other comp. income net of taxes	-726.9%	-18.35	-1.34	-1.34	-1.33	-1.67	-1.07
Total Comprehensive Income	79.6%	504	281	271	410	447	287
Earnings Per Share, Basic	108.8%	8.33	4.51	4.35	6.56	7.16	4.59
Earnings Per Share, Diluted	108.8%	8.33	4.51	4.35	6.56	7.16	4.59

Consolidated figures (in Rs. Crores) / View Standalone Data

AnnualQuarterly

Description	(%) Q/Q	Mar-2025	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020
Revenue From Operations	17.1%	21,778	18,590	16,911	13,938	10,457	9,440
Other Income	21.8%	303	249	178	160	187	113
Total Income	17.2%	22,081	18,839	17,088	14,099	10,645	9,554
Cost of Materials	21.5%	11,999	9,874	9,318	7,770	5,382	4,380
Purchases of stock-in-trade	28.4%	3,149	2,452	3,029	1,871	1,639	1,281
Employee Expense	20.7%	1,870	1,549	1,268	1,021	891	907
Finance costs	-6.7%	43	46	34	53	73	20
Depreciation and Amortization	18.4%	400	338	296	261	249	218
Other expenses	20.5%	3,169	2,630	2,338	1,735	1,505	1,672
Total Expenses	17.3%	20,091	17,132	15,641	12,492	9,207	8,649
Profit Before exceptional items and Tax	16.6%	1,990	1,707	1,447	1,607	1,438	904
Total profit before tax	16.6%	1,990	1,707	1,447	1,607	1,438	904
Current tax	13.9%	502	441	364	399	341	199
Deferred tax	440.7%	18	-3.99	11	12	53	-30.23
Total tax	19%	520	437	375	410	393	169
Total profit (loss) for period	15.7%	1,470	1,271	1,072	1,196	1,044	735
Other comp. income net of taxes	-267.3%	-21.11	-5.02	-7.73	6.18	-1.59	-3.23
Total Comprehensive Income	14.5%	1,449	1,266	1,064	1,203	1,043	732
Earnings Per Share, Basic	16.6%	23.49	20.28	17.11	19.11	16.68	11.76
Earnings Per Share, Diluted	16.6%	23.48	20.28	17.11	19.1	16.68	11.76

Description	(%) Q/Q	Mar-2025	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023
Revenue From Operations	33.9%	6,544	4,889	4,539	5,806	5,442	4,414
Other Income	7.9%	69	64	93	77	76	56
Total Income	33.5%	6,612	4,953	4,632	5,884	5,518	4,470
Cost of Materials	18.1%	3,494	2,958	2,461	3,087	2,826	2,462
Purchases of stock-in-trade	0.8%	748	742	914	745	577	599
Employee Expense	1.1%	474	469	465	462	420	378
Finance costs	66.9%	15	9.39	10	8.55	18	10
Depreciation and Amortization	5.8%	110	104	95	92	93	88
Other expenses	10.8%	873	788	692	816	731	659
Total Expenses	29.2%	5,911	4,576	4,269	5,335	4,918	4,079
Profit Before exceptional items and Tax	86.2%	701	377	363	549	599	391
Total profit before tax	86.2%	701	377	363	549	599	391
Current tax	88.2%	176	94	91	141	163	98
Deferred tax	49.2%	7.52	5.37	4.9	0.01	-10.06	4.94
Total tax	86.7%	184	99	95	141	153	103
Total profit (loss) for period	86.3%	517	278	268	408	447	288
Other comp. income net of taxes	-2053.3%	-18.81	0.08	-0.97	-1.41	-1.35	-1.1
Total Comprehensive Income	79.4%	498	278	267	406	445	287
Earnings Per Share, Basic	111.7%	8.26	4.43	4.28	6.49	7.13	4.59
Earnings Per Share, Diluted	111.4%	8.25	4.43	4.28	6.48	7.13	4.59

Cash Flow for Havells India

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Mar-2025	Mar-2024	Mar-2023
Finance costs	-6.7%	43	46	33
Change in inventories	-300.6%	-598.85	300	-740.39
Depreciation	18.1%	399	338	296
Impairment loss / reversal	147.1%	43	18	13
Unrealised forex losses/gains	-374.8%	-5.22	-0.31	-6.25
Adjustments for interest income	22.3%	226	185	0
Share-based payments	-	10	0	0
Net Cashflows from Operations	-12.1%	2,066	2,351	1,049
Interest paid	-	0	0	0
Interest received	-	0	0	-123.23
Income taxes paid (refund)	28.9%	505	392	392
Other inflows (outflows) of cash	-	0	0	31
Net Cashflows From Operating Activities	-20.3%	1,561	1,959	565
Cashflows used in obtaining control of subsidiaries	105%	42	21	0
Proceeds from sales of PPE	-52.2%	12	24	2.27
Purchase of property, plant and equipment	-4.2%	753	786	588
Proceeds from government grants	-145.2%	0	3.21	0
Interest received	58.7%	239	151	120
Other inflows (outflows) of cash	121.1%	213	-1,005.81	504
Net Cashflows From Investing Activities	79.8%	-330.05	-1,634.57	39
Proceeds from exercise of stock options	110%	43	21	27
Proceeds from borrowings	-	0	0	0
Repayments of borrowings	-	0	0	394
Payments of lease liabilities	25%	96	77	63
Dividends paid	33.5%	627	470	470
Interest paid	-2.6%	7.45	7.62	6.98
Net Cashflows from Financing Activities	-28.9%	-687.88	-533.55	-906.93
Effect of exchange rate on cash eq.	4.2%	-4.31	-4.54	-3.73
Net change in cash and cash eq.	350.3%	538	-213.51	-306.84

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Mar-2025	Mar-2024	Mar-2023
Finance costs	-6.7%	43	46	33
Change in inventories	-313.6%	-637.73	300	-740.5
Depreciation	18.4%	400	338	296
Impairment loss / reversal	152.9%	44	18	16
Unrealised forex losses/gains	-374.8%	-5.22	-0.31	-6.25
Adjustments for interest income	22.3%	226	185	0
Share-based payments	-	10	0	0
Net Cashflows from Operations	-13.8%	2,021	2,345	1,048
Interest paid	-	0	0	0
Interest received	-	0	0	-123.24
Income taxes paid (refund)	28.9%	505	392	392
Other inflows (outflows) of cash	-	0	0	33
Net Cashflows From Operating Activities	-22.4%	1,515	1,953	565
Proceeds from sales of PPE	-52.2%	12	24	2.27
Purchase of property, plant and equipment	-2.5%	766	786	588
Proceeds from government grants	-145.2%	0	3.21	0
Interest received	58.7%	239	151	120
Other inflows (outflows) of cash	121.1%	213	-1,005.81	500
Net Cashflows From Investing Activities	81.3%	-301.58	-1,613.86	35
Proceeds from exercise of stock options	110%	43	21	27
Proceeds from borrowings	-	0	0	0
Repayments of borrowings	-	0	0	394
Payments of lease liabilities	25%	96	77	63
Dividends paid	33.5%	627	470	470
Interest paid	-2.6%	7.45	7.62	6.98
Other inflows (outflows) of cash	-	19	0	0
Net Cashflows from Financing Activities	-25.3%	-668.86	-533.55	-906.92
Effect of exchange rate on cash eq.	15.2%	-3.7	-4.54	-3.73
Net change in cash and cash eq.	369.9%	541	-199.06	-310.68

Balance Sheet for Havells India

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Mar-2025	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022
Cash and cash equivalents	151.9%	782	311	243	312	457	269
Current investments	-	0	0	0	0	181	281
Total current financial assets	19.8%	4,612	3,850	4,194	2,875	3,131	2,656
Inventories	4.9%	4,007	3,821	3,409	3,562	3,708	3,551
Total current assets	10.2%	8,795	7,978	7,864	6,681	7,041	6,414
Property, plant and equipment	4.6%	3,251	3,109	2,606	2,447	2,228	1,986
Capital work-in-progress	-10.9%	116	130	297	143	163	62
Goodwill	0%	310	310	310	310	310	310
Non-current investments	284.2%	74	20	20	20	20	20
Total non-current financial assets	93%	111	58	53	219	170	153
Total non-current assets	3.4%	4,977	4,815	4,554	4,321	4,091	3,756
Total assets	7.7%	13,775	12,793	12,420	11,004	11,143	10,170
Borrowings, non-current	-	0	0	0	0	0	0
Total non-current financial liabilities	-10.7%	243	272	246	248	194	171
Provisions, non-current	-22.9%	55	71	88	118	137	111
Total non-current liabilities	-4.7%	683	717	703	732	696	640
Borrowings, current	-	0	0	0	0	0	0
Total current financial liabilities	8.3%	3,983	3,677	3,539	2,863	3,304	2,991
Provisions, current	18%	335	284	278	281	275	227
Current tax liabilities	-33.3%	63	94	85	59	32	35
Total current liabilities	11.1%	4,761	4,284	4,279	3,383	3,832	3,369
Total liabilities	8.9%	5,444	5,001	4,981	4,115	4,529	4,009
Equity share capital	0%	63	63	63	63	63	63
Total equity	6.9%	8,331	7,793	7,438	6,889	6,614	6,161
Total equity and liabilities	7.7%	13,775	12,793	12,420	11,004	11,143	10,170

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Mar-2025	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022
Cash and cash equivalents	111.5%	807	382	266	320	465	277
Current investments	-	0	0	0	0	181	281
Total current financial assets	18.3%	4,642	3,924	4,224	2,887	3,142	2,668
Inventories	5%	4,047	3,855	3,409	3,562	3,709	3,551
Current tax assets	-	0	0	0	0	0	-
Total current assets	9.6%	8,867	8,090	7,897	6,695	7,056	6,429
Property, plant and equipment	4.6%	3,252	3,110	2,606	2,447	2,228	1,986
Capital work-in-progress	-10.9%	116	130	297	143	163	62
Goodwill	0%	310	310	310	310	310	310
Non-current investments	-47.4%	11	20	20	20	20	20
Total non-current financial assets	-19%	48	59	53	219	171	153
Total non-current assets	3.9%	4,939	4,754	4,533	4,321	4,091	3,756
Total assets	7.5%	13,809	12,843	12,433	11,018	11,157	10,185
Borrowings, non-current	-	0	0	0	0	0	0
Total non-current financial liabilities	-6.6%	254	272	246	248	7.21	171
Provisions, non-current	-22.9%	55	71	88	118	137	111
Total non-current liabilities	-3.2%	694	717	703	732	696	640
Borrowings, current	-	0	0	0	0	0	0
Total current financial liabilities	7.8%	3,995	3,707	3,540	2,865	3,268	2,993
Provisions, current	18%	335	284	278	281	275	227
Current tax liabilities	-33.3%	63	94	85	59	32	35
Total current liabilities	10.6%	4,775	4,317	4,283	3,387	3,836	3,372
Total liabilities	8.6%	5,468	5,034	4,986	4,119	4,532	4,012
Equity share capital	0%	63	63	63	63	63	63
Non controlling interest	6.7%	17	16	0	0	0	-
Total equity	6.8%	8,341	7,809	7,447	6,899	6,625	6,173
Total equity and liabilities	7.5%	13,809	12,843	12,433	11,018	11,157	10,185

Investor Care
Dividend Yield	1.05%
Dividend/Share (TTM)	16
Shares Dilution (1Y)	0.04%
Diluted EPS (TTM)	23.44

Financial Health
Current Ratio	1.86
Debt/Equity	0.00
Debt/Cashflow	0.00

Updates from Havells India

Analyst / Investor Meet • 05 Jun 2025

Havells India Limited furnishes Schedule of Analyst Meets scheduled for 11 June 2025 and 20 June 2025.

Change in Management • 30 May 2025

Change in Senior Management

Analyst / Investor Meet • 26 May 2025

Schedule of Analyst Meet furnished herewith.

General • 23 May 2025

Intimation under Reg 30

Newspaper Publication • 23 May 2025

Newspaper Clippings

Newspaper Publication • 21 May 2025

Newspaper Publication

General • 21 May 2025

Intimation under Reg 30

Is Havells India Better than it's peers?

Detailed comparison of Havells India against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.

Ticker	Name	Mkt Cap	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
POLYCAB	Polycab IndiaCables - Electricals	90.71 kCr	22.62 kCr	-0.77%	-14.58%	44.35	4.01	+23.83%	+13.48%
BLUESTARCO	Blue StarHousehold Appliances	33.82 kCr	11.34 kCr	+6.70%	-3.94%	60.72	2.98	+25.68%	+16.07%
CROMPTON	Crompton Greaves Consumer ElectricalsHousehold Appliances	22.14 kCr	7.83 kCr	-0.63%	-18.17%	42.11	2.83	+8.63%	+19.52%
VGUARD	V-Guard IndustriesHousehold Appliances	16.34 kCr	5.4 kCr	-0.28%	-6.49%	54.69	3.02	+15.32%	+27.60%
BAJAJELEC	Bajaj ElectricalsHousehold Appliances	7.58 kCr	4.81 kCr	-0.69%	-35.88%	73.09	1.57	-5.04%	-32.51%
ORIENTELEC	Orient ElectricHousehold Appliances	4.69 kCr	3.03 kCr	-8.95%	-10.42%	72.41	1.55	+12.36%	-25.65%

HAVELLS - Havells India Limited Share Price

What does Havells India Limited do?

Valuation

Fundamentals

Profitability

The Bad News

The Good News

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