Havells India is a large-cap (₹81,774 Cr) electrical equipment and consumer durables manufacturer with a broad product span from wires to appliances. The company operates in the consumer discretionary sector, serving both electrical infrastructure and household appliances markets.
Founded
1958
Face value
₹1
Market cap
₹65,520 Cr
P/E
40.1×
P/B
6.9×
Dividend yield
1.5%
ROE
19%
ROCE
23.6%
Debt / equity
0
OPM
9.8%
EPS (TTM)
₹26.0
Book value
₹150.7
52-week high
—
52-week low
Key insights
Company research notes and source-linked reviews
Key risks
PE of 50.07 is extremely elevated, providing minimal margin for earnings disappointment or negative surprises. - Operating margin compressed sharply from 10.88% (Mar 2026) to 7.28% (Jun 2026); verify whether this is seasonal, temporary input-cost pressure, or structural demand or competitive weakness. - Negative one-year return of -13.16% despite positive ROE and consistent dividends suggests the market is repricing growth or raising risk concerns; verify what fundamentals or cycle factors are driving repricing. - Earnings volatility: net profit fell from ₹734 Cr (Mar 2026) to ₹298 Cr (Jun 2026) in one quarter; clarify whether March included one-time gains or Q2 represents a new run-rate.
Generated analysis · source review pending
Growth drivers
Zero debt (D/E 0) provides financial capacity for organic capex, acquisitions, or growth investments without balance-sheet stress. - ROE of 19.02% indicates capital-efficient operations; verify reinvestment rate and capex plans to assess how much retained earnings support organic growth. - Quarterly revenue reached ₹6,687 Cr (Mar 2026), the highest in the dataset; verify whether this reflects sustainable demand or seasonal strength and whether this level can be sustained. - Operating margin achieved 10.88% (Mar 2026); verify whether cost-structure improvements, product-mix shifts, or efficiency gains could restore margins from the current 7.28%.
Generated analysis · source review pending
2,528 historical price candles were omitted because the exchange source has not been verified.
₹1,040.0-0.3%1Y
Quick read
rule-based
Pros
+Strong return on equity of 18.6% (3-yr avg)
+High return on capital employed of 23.3%
+Revenue CAGR of 16.6% over the last 5 years
+Almost debt-free (debt/equity 0)
+Comfortable interest coverage of 60.6×
+Dividend payout of 61.7% of profit
Cons
No red flags triggered.
Research score
Structured signal from quality, growth, valuation and momentum.
47/100
Business quality
67
Growth
44
Valuation
Revenue & net profit
₹ crore, by fiscal year
RevenuePAT
Margins
% of revenue, by fiscal year
OPMPAT margin
Peers
Comparable companies from the narrowest available industry classification.
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Financials
Reported profit and loss, balance sheet, cash flow and growth history.
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Ratios
Annual operating, return, leverage and working-capital ratios.
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Shareholding
Quarterly ownership, named holders, insider transactions and disclosed deals.
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F&O
Current futures and options contracts with compact option-chain pages.
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Fund holders
Mutual-fund schemes that disclosed a holding in the company.
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Documents
Annual reports, exchange filings, offer documents, ratings and earnings-call material.
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Events
Upcoming dates and the company’s corporate-action history.
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Announcements
Latest exchange announcements, filings and downloadable documents.
Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.
Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.
Mr. Varun BerryNon-Executive - Independent Director
Mr. Ashish DhwanNon-Executive - Independent Director
Ms. Shanti EkambaramNon-Executive - Independent Director
Mr. Ashish DhawanNon - Executive Independent Director
Ms. Shanti EkambaramNon - Executive Independent Director
Current officeholders as filed with BSE. A person holding two offices is listed once per office.
₹15.1
169
+16
82
0
0
0
₹0.0
990
₹0.0
0
0
0
134
+56
114
₹43.8
1,000
₹21.7
1,055
+87
476
0
0
0
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1,010
₹25.5
14
+11
11
102
+88
143
₹33.3
1,020
₹30.3
1,136
+110
204
0
0
0
₹0.0
1,030
₹36.0
46
+27
27
391
+231
1,028
₹24.6
1,040
₹40.8
631
+124
447
26
+26
43
₹20.2
1,050
₹47.5
24
+8
8
Shaded cells are in the money against the underlying close. Green and red mark the move against the previous close — on the premium for LTP, on the position for change in OI. Settlement prices are the exchange's, not the last trade.
15 Sept 2026, 3:40 pmCompany Update
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.