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SummaryLatest NewsSector ComparisonEarnings ReportRevenue & GrowthPeersIncome StatementBalance SheetCash Flow
HAVELLS logo

HAVELLS - Havells India Limited Share Price

Consumer Durables
Sharesguru Stock Score

HAVELLS

45/100

High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years

₹1325.00-3.80(-0.29%)
Market Closed as of Apr 22, 2026, 15:29 IST
Pros

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

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

Technicals: Bullish SharesGuru indicator.

Balance Sheet: Strong Balance Sheet.

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

Cons

Past Returns: Underperforming stock! In past three years, the stock has provided 2.1% return compared to 10.7% by NIFTY 50.

Price to Sales Ratio

Revenue (Last 12 mths)

Net Income (Last 12 mths)

Sharesguru Stock Score

HAVELLS

45/100

High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years

Valuation

Market Cap81.07 kCr
Price/Earnings (Trailing)54.54
Price/Sales (Trailing)3.58
EV/EBITDA32.85
Price/Free Cashflow123.45
MarketCap/EBT41.02
Enterprise Value80.45 kCr

Fundamentals

Revenue (TTM)22.63 kCr
Rev. Growth (Yr)13.7%
Earnings (TTM)1.48 kCr
Earnings Growth (Yr)7.9%

Profitability

Operating Margin9%
EBT Margin9%
Return on Equity17.07%
Return on Assets10.87%
Free Cashflow Yield0.81%

Growth & Returns

Price Change 1W2.8%
Price Change 1M-1.9%
Price Change 6M-13.3%
Price Change 1Y-19.9%
3Y Cumulative Return2.1%
5Y Cumulative Return5.1%
7Y Cumulative Return7.9%
10Y Cumulative Return14.2%

Cash Flow & Liquidity

Cash Flow from Investing (TTM)-301.58 Cr
Cash Flow from Operations (TTM)1.52 kCr
Cash Flow from Financing (TTM)-668.86 Cr
Cash & Equivalents622.81 Cr
Free Cash Flow (TTM)749.34 Cr
Free Cash Flow/Share (TTM)11.95

Balance Sheet

Total Assets13.65 kCr
Total Liabilities4.96 kCr
Shareholder Equity8.69 kCr
Current Assets7.55 kCr
Current Liabilities4.3 kCr
Net PPE3.25 kCr
Inventory4.85 kCr
Goodwill310.47 Cr

Capital Structure & Leverage

Debt Ratio0.00
Debt/Equity0.00
Interest Coverage45.35
Interest/Cashflow Ops35.4

Dividend & Shareholder Returns

Dividend/Share (TTM)10
Dividend Yield0.77%
Shares Dilution (1Y)0.10%
Shares Dilution (3Y)0.10%
Pros

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

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

Technicals: Bullish SharesGuru indicator.

Balance Sheet: Strong Balance Sheet.

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

Cons

Past Returns: Underperforming stock! In past three years, the stock has provided 2.1% return compared to 10.7% by NIFTY 50.

The Good, Bad and Ugly
Growth
Measures how quickly a company is expanding through metrics like revenue growth, earnings growth, and cash flow growth over time. Strong growth can indicate future potential.
Profitability
Shows how efficiently a company turns business activities into profit, using metrics like profit margins, return on equity (ROE), and return on assets (ROA).
Size
Indicates the company's market presence through metrics like market capitalization, total assets, and revenue. Size can influence stability and market influence.
Dilution Rank
Tracks how much the company's shares have increased or decreased over time. Lower dilution means existing shareholders maintain stronger ownership stakes.
Balance Sheet
Evaluates the company's financial health by analyzing assets, debts, and equity. A strong balance sheet indicates financial stability and flexibility.
Momentum
Measures the strength and speed of price movements, showing whether the stock is gaining or losing market favor over different time periods.
Technicals
Analyzes price patterns, trading volumes, and other market indicators to identify potential trading opportunities and market trends.
Smart Money
Tracks the investment activities of institutional investors, hedge funds, and other large financial players who often have deep research capabilities.
Insider Trading
Monitors buying and selling of company shares by executives, directors, and other insiders who may have unique insights into the company's prospects.

Investor Care

Dividend Yield0.77%
Dividend/Share (TTM)10
Shares Dilution (1Y)0.10%
Earnings/Share (TTM)23.7

Financial Health

Current Ratio1.75
Debt/Equity0.00

Technical Indicators

RSI (14d)48.53
RSI (5d)88.31
RSI (21d)42.39
MACD SignalBuy
Stochastic Oscillator SignalHold
SharesGuru SignalBuy
RSI SignalHold
RSI5 SignalSell
RSI21 SignalHold
SMA 5 SignalBuy
SMA 10 SignalBuy
SMA 20 SignalBuy
SMA 50 SignalSell
SMA 100 SignalSell

Summary of Latest Earnings Report from Havells India

Summary of Havells India's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.

Revenue Breakdown

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

Last Updated: Dec 31, 2025

DescriptionShareValue
Cables40.1%2.2 kCr
Electrical Consumer Durables20.6%1.2 kCr
Lloyd Consumer12.5%700.6 Cr
Switchgears11.2%624.4 Cr
Others7.9%439.8 Cr
Lighting & Fixtures7.7%430.6 Cr
Total5.6 kCr

Share Holdings

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

Holding Pattern

Share Holding Details

Shareholder NameHolding %
QRG Investments and Holdings Limited41.23%
Shri Anil Rai Gupta as Managing Trustee of ARG Family Trust12.34%
Life Insurance Corporation Of India7.66%
Shri Surjit Kumar Gupta as Trustee of SKG Family Trust5.81%
Nalanda India Equity Fund Limited4.12%
Hdfc Mutual Fund - Hdfc Focused Fund3.33%
Government Pension Fund Global1.39%
Nps Trust A/C Uti Pension Fund Limited-Scheme State Govt1.21%
Smt Vinod Gupta0%
Shri Anil Rai Gupta0%
Smt Sangeeta Rai Gupta0%
Shri Abhinav Rai Gupta0%
Shri Surjit Kumar Gupta0%
Shri Ameet Kumar Gupta0%
Smt Santosh Gupta0%
Smt Shalini Gupta0%
Shri Aditya Gupta0%
QRG Enterprises Limited0%

Overall Distribution

Distribution across major stakeholders

Ownership Distribution

Distribution across major institutional holders

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
POLYCABPolycab India1.19 LCr27.23 kCr+10.60%+49.60%45.424.38--
BLUESTARCOBlue Star37.89 kCr12.41 kCr+1.50%-10.20%76.663.05--
CROMPTONCrompton Greaves Consumer Electricals16.84 kCr7.94 kCr+5.20%-22.00%36.472.12--
VGUARDV-Guard Industries14.17 kCr5.77 kCr+0.50%-10.20%49.52.46--
BAJAJELECBajaj Electricals4.48 kCr4.56 kCr+13.30%-29.70%125.160.98--
ORIENTELECOrient Electric3.63 kCr3.25 kCr+4.50%-20.90%41.771.12--

Sector Comparison: HAVELLS vs Consumer Durables

Comprehensive comparison against sector averages

Comparative Metrics

HAVELLS metrics compared to Consumer

CategoryHAVELLSConsumer
PE54.5446.43
PS3.582.10
Growth7.8 %17 %
67% metrics above sector average
Key Insights
  • 1. HAVELLS is among the Top 3 Consumer Electronics companies by market cap.
  • 2. The company holds a market share of 27.8% in Consumer Electronics.
  • 3. In last one year, the company has had a below average growth that other Consumer Electronics companies.

Income Statement for Havells India

Consolidated figures (in Rs. Crores) /
Description(%) Q/QMar-2025Mar-2024Mar-2023Mar-2022Mar-2021Mar-2020
Revenue From Operations17.1%21,77818,59016,91113,93810,4579,440
Other Income21.8%303249178160187113
Total Income17.2%22,08118,83917,08814,09910,6459,554
Cost of Materials21.5%11,9999,8749,3187,7705,3824,380
Purchases of stock-in-trade28.4%3,1492,4523,0291,8711,6391,281
Employee Expense20.7%1,8701,5491,2681,021891907
Finance costs-6.7%434634537320
Depreciation and Amortization18.4%400338296261249218
Other expenses20.5%3,1692,6302,3381,7351,5051,672
Total Expenses17.3%20,09117,13215,64112,4929,2078,649
Profit Before exceptional items and Tax16.6%1,9901,7071,4471,6071,438904
Total profit before tax16.6%1,9901,7071,4471,6071,438904
Current tax13.9%502441364399341199
Deferred tax440.7%18-3.99111253-30.23
Total tax19%520437375410393169
Total profit (loss) for period15.7%1,4701,2711,0721,1961,044735
Other comp. income net of taxes-267.3%-21.11-5.02-7.736.18-1.59-3.23
Total Comprehensive Income14.5%1,4491,2661,0641,2031,043732
Earnings Per Share, Basic16.6%23.4920.2817.1119.1116.6811.76
Earnings Per Share, Diluted16.6%23.4820.2817.1119.116.6811.76
Description(%) Q/QDec-2025Sep-2025Jun-2025Mar-2025Dec-2024Sep-2024
Revenue From Operations16.9%5,5884,7795,4556,5444,8894,539
Other Income-50.6%438669696493
Total Income15.7%5,6314,8665,5256,6124,9534,632
Cost of Materials15.3%3,0982,6873,0123,4942,9582,461
Purchases of stock-in-trade-21.4%664844684748742914
Employee Expense3.6%496479500474469465
Finance costs-2.6%8.939.149.36159.3910
Depreciation and Amortization2.9%10910610611010495
Other expenses10.4%832754809873788692
Total Expenses16.5%5,1894,4565,0555,9114,5764,269
Profit Before exceptional items and Tax7.6%441410470701377363
Exceptional items before tax--45.0300000
Total profit before tax-3.4%396410470701377363
Current tax8.4%104961261769491
Deferred tax468.1%3.540.31-3.847.525.374.9
Total tax12.6%108961221849995
Total profit (loss) for period-5.7%300318348517278268
Other comp. income net of taxes2137.5%9.951.4-2.02-18.810.08-0.97
Total Comprehensive Income-3.1%310320346498278267
Earnings Per Share, Basic-7.1%4.85.095.558.264.434.28
Earnings Per Share, Diluted-7.1%4.795.085.548.254.434.28
Standalone figures (in Rs. Crores) /
Description(%) Q/QMar-2025Mar-2024Mar-2023Mar-2022Mar-2021Mar-2020
Revenue From Operations17.2%21,74618,55016,86813,88910,4289,429
Other Income21.4%302249177160188112
Total Income17.3%22,04818,79917,04514,04910,6169,541
Cost of Materials21.5%11,9999,8749,3187,7725,3914,390
Purchases of stock-in-trade27.6%3,0872,4202,9951,8311,6151,273
Employee Expense20.2%1,8521,5411,2621,015885900
Finance costs-6.7%434634537320
Depreciation and Amortization18.1%399338296261249218
Other expenses20.2%3,1572,6272,3321,7321,5021,667
Total Expenses17.3%20,03917,08915,59512,4459,1848,639
Profit Before exceptional items and Tax17.5%2,0091,7101,4501,6041,432902
Exceptional items before tax-000000
Total profit before tax17.5%2,0091,7101,4501,6041,432902
Current tax13.9%502441364398339199
Deferred tax440.7%18-3.99111253-30.23
Total tax19%520437375409392169
Total profit (loss) for period17%1,4891,2731,0751,1951,040733
Other comp. income net of taxes-302.1%-22.36-4.81-7.675.52-2.02-3.73
Total Comprehensive Income15.6%1,4661,2681,0671,2001,038729
Earnings Per Share, Basic17.8%23.7520.3217.1619.0816.6111.71
Earnings Per Share, Diluted17.7%23.7420.3217.1619.0816.6111.71
Description(%) Q/QDec-2025Sep-2025Jun-2025Mar-2025Dec-2024Sep-2024
Revenue From Operations16.9%5,5734,7675,4386,5324,8824,533
Other Income-50.6%438669696493
Total Income15.7%5,6164,8535,5076,6014,9474,626
Cost of Materials15.3%3,0982,6873,0123,4942,9732,444
Purchases of stock-in-trade-21.4%655833671743717890
Employee Expense3.6%490473495469464460
Finance costs-2.6%8.939.149.36159.3910
Depreciation and Amortization2.9%10810510510810495
Other expenses10.5%829750806868785690
Total Expenses16.4%5,1664,4395,0325,8954,5644,258
Profit Before exceptional items and Tax8.7%450414475706382368
Exceptional items before tax--45.0300000
Total profit before tax-2.2%405414475706382368
Current tax8.4%104961261769491
Deferred tax-121.7%-0.530.31-3.847.525.374.9
Total tax8.4%104961221849995
Total profit (loss) for period-5.1%301317352522283273
Other comp. income net of taxes486.3%9.19-1.12-1.13-18.35-1.34-1.34
Total Comprehensive Income-1.6%311316351504281271
Earnings Per Share, Basic-6.4%4.85.065.628.334.514.35
Earnings Per Share, Diluted-6.4%4.85.065.628.334.514.35

Balance Sheet for Havells India

Consolidated figures (in Rs. Crores) /
Description(%) Q/QSep-2025Mar-2025Sep-2024Mar-2024Sep-2023Mar-2023
Cash and cash equivalents-22.8%623807382266320465
Current investments-00000181
Total current financial assets-50.3%2,3084,6423,9244,2242,8873,142
Inventories19.9%4,8544,0473,8553,4093,5623,709
Current tax assets--00000
Total current assets-14.9%7,5468,8678,0907,8976,6957,056
Property, plant and equipment-0.1%3,2503,2523,1102,6062,4472,228
Capital work-in-progress312.2%475116130297143163
Goodwill0%310310310310310310
Non-current investments0%111120202020
Total non-current financial assets59.6%76485953219171
Total non-current assets23.5%6,1004,9394,7544,5334,3214,091
Total assets-1.2%13,64713,80912,84312,43311,01811,157
Borrowings, non-current-000000
Total non-current financial liabilities-7.5%2352542722462487.21
Provisions, non-current-25.9%41557188118137
Total non-current liabilities-5.1%659694717703732696
Borrowings, current-000000
Total current financial liabilities-7.9%3,6803,9953,7073,5402,8653,268
Provisions, current-5.7%316335284278281275
Current tax liabilities-19.4%516394855932
Total current liabilities-9.9%4,3014,7754,3174,2833,3873,836
Total liabilities-9.3%4,9605,4685,0344,9864,1194,532
Equity share capital0%636363636363
Non controlling interest0%171716000
Total equity4.1%8,6878,3417,8097,4476,8996,625
Total equity and liabilities-1.2%13,64713,80912,84312,43311,01811,157
Standalone figures (in Rs. Crores) /
Description(%) Q/QSep-2025Mar-2025Sep-2024Mar-2024Sep-2023Mar-2023
Cash and cash equivalents-22.8%604782311243312457
Current investments-00000181
Total current financial assets-50.4%2,2874,6123,8504,1942,8753,131
Inventories20%4,8074,0073,8213,4093,5623,708
Total current assets-15%7,4778,7957,9787,8646,6817,041
Property, plant and equipment-0.1%3,2493,2513,1092,6062,4472,228
Capital work-in-progress312.2%475116130297143163
Goodwill0%310310310310310310
Non-current investments-86.3%117420202020
Total non-current financial assets-31.8%761115853219170
Total non-current assets23.3%6,1344,9774,8154,5544,3214,091
Total assets-1.2%13,61113,77512,79312,42011,00411,143
Borrowings, non-current-000000
Total non-current financial liabilities-7.4%225243272246248194
Provisions, non-current-25.9%41557188118137
Total non-current liabilities-5.1%648683717703732696
Borrowings, current-000000
Total current financial liabilities-7.9%3,6703,9833,6773,5392,8633,304
Provisions, current-5.7%316335284278281275
Current tax liabilities-19.4%516394855932
Total current liabilities-10%4,2864,7614,2844,2793,3833,832
Total liabilities-9.4%4,9345,4445,0014,9814,1154,529
Equity share capital0%636363636363
Total equity4.2%8,6778,3317,7937,4386,8896,614
Total equity and liabilities-1.2%13,61113,77512,79312,42011,00411,143

Cash Flow for Havells India

Consolidated figures (in Rs. Crores) /
Description(%) Q/QMar-2025Mar-2024Mar-2023Mar-2022Mar-2021Mar-2020
Finance costs-6.7%4346330--
Change in inventories-313.6%-637.73300-740.5-348.19--
Depreciation18.4%400338296261--
Impairment loss / reversal152.9%4418162.39--
Unrealised forex losses/gains-374.8%-5.22-0.31-6.25-4.89--
Adjustments for interest income22.3%2261850104--
Share-based payments-10000--
Net Cashflows from Operations-13.8%2,0212,3451,0482,084--
Interest paid-000-32.11--
Interest received-00-123.240--
Income taxes paid (refund)28.9%505392392415--
Other inflows (outflows) of cash-003326--
Net Cashflows From Operating Activities-22.4%1,5151,9535651,728--
Proceeds from sales of PPE-52.2%12242.275.56--
Purchase of property, plant and equipment-2.5%766786588258--
Proceeds from government grants-145.2%03.2103.72--
Interest received58.7%23915112096--
Other inflows (outflows) of cash121.1%213-1,005.81500-605.13--
Net Cashflows From Investing Activities81.3%-301.58-1,613.8635-758.56--
Proceeds from exercise of stock options110%43212731--
Proceeds from borrowings-0000.04--
Repayments of borrowings-0039497--
Payments of lease liabilities25%96776349--
Dividends paid33.5%627470470407--
Interest paid-2.6%7.457.626.9824--
Other inflows (outflows) of cash-19000--
Net Cashflows from Financing Activities-25.3%-668.86-533.55-906.92-547.15--
Effect of exchange rate on cash eq.15.2%-3.7-4.54-3.73-0.9--
Net change in cash and cash eq.369.9%541-199.06-310.68421--
Standalone figures (in Rs. Crores) /
Description(%) Q/QMar-2025Mar-2024Mar-2023Mar-2022Mar-2021Mar-2020
Finance costs-6.7%4346330--
Change in inventories-300.6%-598.85300-740.39-348.19--
Depreciation18.1%399338296261--
Impairment loss / reversal147.1%4318132.39--
Unrealised forex losses/gains-374.8%-5.22-0.31-6.25-5.55--
Adjustments for interest income22.3%22618500--
Share-based payments-10000--
Net Cashflows from Operations-12.1%2,0662,3511,0492,204--
Interest paid-000-32.11--
Interest received-00-123.23-103.76--
Income taxes paid (refund)28.9%505392392414--
Other inflows (outflows) of cash-003126--
Net Cashflows From Operating Activities-20.3%1,5611,9595651,744--
Cashflows used in obtaining control of subsidiaries105%422100--
Proceeds from sales of PPE-52.2%12242.275.56--
Purchase of property, plant and equipment-4.2%753786588258--
Proceeds from government grants-145.2%03.2103.72--
Interest received58.7%23915112095--
Other inflows (outflows) of cash121.1%213-1,005.81504-605.13--
Net Cashflows From Investing Activities79.8%-330.05-1,634.5739-759.21--
Proceeds from exercise of stock options110%43212731--
Proceeds from borrowings-0000.04--
Repayments of borrowings-0039497--
Payments of lease liabilities25%96776349--
Dividends paid33.5%627470470407--
Interest paid-2.6%7.457.626.9824--
Net Cashflows from Financing Activities-28.9%-687.88-533.55-906.93-547.15--
Effect of exchange rate on cash eq.4.2%-4.31-4.54-3.73-0.89--
Net change in cash and cash eq.350.3%538-213.51-306.84437--

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 market capitalization of approximately Rs. 100,298.2 Crores, Havells India Limited operates as a fast-moving electrical goods company, involved in the manufacturing, trading, and selling of various consumer electrical and electronic products both in India and globally.

The company is structured into six segments:

  • Switchgears
  • Cables
  • Lighting and Fixtures
  • Electrical Consumer Durables
  • Lloyd Consumer
  • Others

Havells India offers a wide array of products, including but not limited to:

  • Switches and Switchgears: Circuit breakers, energy savers, safety equipment, distribution boards, and control devices.
  • Lighting Products and Home Appliances: Air conditioners, LED televisions, washing machines, refrigerators, and personal grooming products.
  • Fans: Including ceiling, table, pedestal, and domestic exhaust fans.
  • Motors and Power Solutions: Crane duty motors, reactive power solutions, and solar inverter systems.

The company markets its products under various brands, such as Havells, Lloyd, Havells Crabtree, and Standard, and exports to approximately 70 countries. Founded in 1958 and based in Noida, India, Havells India has achieved notable financial metrics, with a trailing twelve-month revenue of Rs. 20,986.8 Crores.

Additionally, Havells India is committed to returning value to its investors, offering a dividend yield of 0.81% per year and returning Rs. 13 per share as dividends in the last twelve months. The company has shown significant growth over the past three years, with a revenue increase of 61.4%, although it has also diluted shareholder holdings by 0.1% during this period.

Industry Group:Consumer Durables
Employees:7,153
Website:www.havells.com

Important Disclosure & Data Context

This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.

Performance Comparison

HAVELLS vs Consumer (2021 - 2026)

HAVELLS outperforms the broader Consumer sector, although its performance has declined by 5.0% from the previous year.