Havells India Ltd.

NSE: HAVELLS · Consumer Durables

₹1,128.00+5.61%06 Nov 2026

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Instant answers about Havells India Ltd. — computed from its filings, no language model

Market cap₹70,793 cr

Current price₹1,128.00

High / Low₹1,506 / ₹1,008

P/E42.6

P/B7.24

Book value₹155.7

ROE17.0%

ROCE22.5%

Debt / equity0.00

Dividend yield0.89%

EPS (TTM)₹26.51

Face value₹1

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 7 periods

	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	9,440	10,457	13,938	16,911	18,590	21,778	22,528
EBITDA	1,029	1,572	1,760	1,599	1,843	2,131	2,200
Operating margin	10.9%	15.0%	12.6%	9.5%	9.9%	9.8%	9.8%
Interest	20	73	53	34	46	43	37
Depreciation	218	249	261	296	338	400	432
Profit before tax	904	1,438	1,607	1,447	1,707	1,990	2,180
Tax	169	393	410	375	437	520	520
Net profit	735	1,044	1,196	0	1,266	1,472	1,691
EPS ₹	11.76	16.68	19.11	17.11	20.28	23.49	26.95
Operating cash flow	—	—	1,728	565	1,953	1,515	1,572
Capex	—	—	258	588	786	766	1,484
Dividend paid	—	—	407	470	470	627	627
Total assets	7,073	8,852	10,523	11,157	12,433	13,809	14,746
Equity	4,312	5,176	6,003	6,625	7,447	8,324	9,455

Quarterly performance

last 29 quarters · ₹ crore

showing latest 8 of 29 periods

	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	2,717	2,233	2,273	2,217	1,483	2,459	3,175	3,339	2,610	3,238	3,664	4,426	3,679	4,128	4,859	4,834	3,900	4,414	5,442	5,806	4,539	4,889	6,544	5,455	4,779	5,588	6,705	6,518	6,432
Operating profit	279	235	270	244	132	422	510	508	355	445	440	520	287	424	527	402	373	433	635	572	375	426	757	516	438	516	729	466	573
Operating margin	10.3%	10.5%	11.9%	11.0%	8.9%	17.2%	16.1%	15.2%	13.6%	13.7%	12.0%	11.7%	7.8%	10.3%	10.8%	8.3%	9.6%	9.8%	11.7%	9.9%	8.3%	8.7%	11.6%	9.5%	9.2%	9.2%	10.9%	7.2%	8.9%
Other income	40	28	25	21	32	80	39	37	34	33	49	44	44	40	47	65	52	56	76	77	93	64	69	69	86	43	296	54	33
Interest	5	5	5	5	17	17	15	24	11	11	12	19	7	7	10	8	9	10	18	9	10	9	15	9	9	9	10	7	5
Depreciation	47	53	55	63	60	59	64	65	62	62	66	71	72	75	77	76	81	88	93	92	95	104	110	106	106	109	112	121	129
Profit before tax	267	205	234	198	87	425	470	456	317	405	411	474	252	381	487	382	335	391	599	549	363	377	701	470	410	396	904	392	473
Tax	90	25	33	20	23	99	119	152	81	102	105	122	65	98	129	95	86	103	153	141	95	99	184	122	96	108	194	103	123
Net profit	177	180	-1	178	64	326	350	304	236	302	306	352	187	0	0	287	248	0	445	408	268	278	518	348	319	301	723	290	350
EPS ₹	2.83	2.87	3.22	2.84	1.02	5.21	5.59	4.85	3.77	4.83	4.88	5.63	2.98	4.53	5.71	4.58	3.97	4.59	7.13	6.49	4.28	4.43	8.26	5.55	5.09	4.80	11.52	4.63	5.57
Revenue YoY	—	—	—	—	-45.4%	10.2%	39.7%	50.6%	75.9%	31.7%	15.4%	32.6%	13.6%	12.6%	9.8%	—	6.0%	6.9%	12.0%	20.1%	16.4%	10.8%	20.2%	-6.0%	5.3%	14.3%	2.5%	19.5%	34.6%
Profit YoY	—	—	—	—	-63.9%	81.8%	—	71.0%	268.5%	-7.3%	-12.7%	16.0%	-38.2%	-100.0%	-100.0%	—	32.7%	—	—	42.1%	8.1%	—	16.3%	-14.8%	18.9%	8.1%	39.6%	-16.5%	9.6%

Earlier results (standalone, Sep '07 – Mar '19)

₹ crore · from BSE, before the NSE XBRL filings begin

Havells India Ltd. reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

showing latest 8 of 11 periods

	FY09†	FY10†	FY11†	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†	FY18†	FY19†
Revenue	2,204	2,487	2,987	3,601	4,228	4,720	5,239	5,437	6,480	8,260	10,058
Operating profit	203	319	354	452	536	650	707	748	834	1,049	1,192
Operating margin	9.2%	12.8%	11.9%	12.5%	12.7%	13.8%	13.5%	13.8%	12.9%	12.7%	11.9%
Other income	2	1	0	1	7	36	44	69	124	117	128
Interest	19	6	16	42	29	27	18	13	12	24	16
Depreciation	18	23	29	44	58	64	88	92	120	140	149
Profit before tax	167	290	310	366	457	595	646	914	769	1,015	1,155
Tax	22	63	68	68	86	116	181	199	230	302	364
Net profit	145	227	242	298	371	479	465	715	539	713	792

Quarters

showing latest 8 of 47 periods

	SEP '07†	DEC '07†	MAR '08†	JUN '08†	SEP '08†	DEC '08†	MAR '09†	JUN '09†	SEP '09†	DEC '09†	MAR '10†	JUN '10†	SEP '10†	DEC '10†	MAR '11†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†	MAR '18†	JUN '18†	SEP '18†	DEC '18†	MAR '19†
Revenue	498	535	548	553	588	486	577	590	598	591	708	718	697	728	845	803	852	898	1,048	1,035	964	1,058	1,170	1,051	1,174	1,184	1,310	1,277	1,365	1,247	1,349	1,267	1,350	1,344	1,475	1,467	1,559	1,622	1,832	1,982	1,777	1,966	2,535	2,596	2,191	2,518	2,752
Operating profit	45	50	49	54	60	22	66	72	80	80	87	80	84	91	99	88	103	114	147	122	129	136	149	133	170	170	177	162	183	180	181	158	186	183	220	201	210	193	230	172	257	262	358	312	263	295	323
Operating margin	9.0%	9.4%	9.0%	9.8%	10.3%	4.5%	11.4%	12.3%	13.3%	13.5%	12.2%	11.2%	12.0%	12.6%	11.7%	11.0%	12.1%	12.7%	14.0%	11.8%	13.4%	12.9%	12.7%	12.7%	14.4%	14.3%	13.5%	12.7%	13.4%	14.5%	13.4%	12.5%	13.8%	13.6%	14.9%	13.7%	13.5%	11.9%	12.5%	8.7%	14.5%	13.3%	14.1%	12.0%	12.0%	11.7%	11.7%
Other income	2	2	8	1	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	2	2	3	3	8	11	14	12	11	9	12	17	10	13	29	31	25	26	42	35	29	28	26	29	34	33	31
Interest	5	5	7	5	5	4	5	2	2	1	2	4	1	5	6	8	7	7	20	10	10	6	3	6	6	9	7	3	6	7	1	3	3	2	5	2	2	2	7	3	7	5	8	3	4	4	6
Depreciation	3	3	4	4	4	5	5	5	6	6	7	7	7	8	8	8	9	10	17	12	16	15	16	16	16	16	16	21	22	23	21	22	23	23	24	28	31	30	31	34	35	36	35	35	39	35	39
Profit before tax	39	44	46	47	51	14	56	66	72	73	79	70	75	79	86	72	87	97	111	100	105	117	134	115	155	156	169	150	166	159	171	150	170	171	423	202	203	207	157	170	244	269	331	304	254	289	309
Tax	4	7	7	6	7	2	7	17	18	14	14	16	17	18	17	14	17	18	19	20	18	23	24	21	30	34	32	42	47	43	49	42	49	50	57	57	57	54	62	49	73	75	106	93	75	93	102
Net profit	36	37	39	41	44	11	49	49	54	59	64	53	59	61	69	58	70	79	92	80	87	95	110	95	126	121	137	107	120	116	122	107	121	121	366	146	146	153	95	121	171	194	226	210	179	196	207
EPS ₹	6.66	6.70	6.74	7.03	7.65	1.96	8.12	8.19	9.01	9.80	10.71	8.87	9.39	4.90	5.53	4.61	5.63	6.32	7.33	6.42	6.97	7.59	8.79	7.58	10.08	9.73	10.97	8.60	1.92	1.86	1.95	1.72	1.93	1.94	5.87	2.33	2.33	2.45	1.52	1.94	2.74	3.11	3.61	3.37	2.86	3.13	3.31
Revenue YoY	—	—	—	—	18.0%	-9.1%	5.3%	6.6%	1.8%	21.7%	22.7%	21.7%	16.5%	23.1%	19.4%	11.8%	22.3%	23.4%	24.0%	29.0%	13.2%	17.8%	11.6%	1.5%	21.8%	11.9%	12.0%	21.5%	16.3%	5.3%	3.0%	-0.8%	-1.1%	7.8%	9.3%	15.8%	15.5%	20.6%	24.1%	35.1%	14.0%	21.2%	38.4%	31.0%	23.3%	28.1%	8.6%
Profit YoY	—	—	—	—	23.8%	-69.3%	24.8%	20.9%	22.3%	418.8%	32.0%	8.3%	8.1%	3.7%	7.1%	7.8%	19.9%	29.1%	32.6%	39.3%	23.8%	20.0%	19.8%	18.2%	44.6%	28.3%	24.8%	13.3%	-4.9%	-4.3%	-11.0%	0.1%	0.9%	3.9%	200.8%	35.6%	20.8%	26.7%	-74.2%	-16.6%	17.3%	27.1%	138.4%	73.3%	4.4%	0.7%	-8.4%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 23 periods

	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROE	12.4%	9.7%	13.2%	21.3%	20.2%	23.5%	23.0%	22.2%	19.9%	7.2%	7.8%	7.8%	13.2%	14.8%	14.4%	18.0%	17.7%	17.0%	16.9%	17.1%	17.9%	17.3%	17.0%
ROCE	21.4%	17.5%	22.9%	28.6%	26.6%	30.6%	30.1%	29.0%	25.9%	23.2%	23.5%	23.7%	23.5%	25.8%	25.0%	24.8%	24.4%	23.5%	23.1%	23.3%	23.4%	22.6%	22.5%
Net margin	5.6%	5.1%	6.7%	9.8%	10.0%	10.5%	9.6%	8.9%	8.6%	2.7%	3.0%	3.0%	5.3%	5.6%	5.6%	6.8%	6.8%	6.6%	6.8%	6.6%	7.5%	6.9%	6.6%
EBITDA margin	10.9%	10.7%	12.7%	14.0%	15.0%	15.5%	14.7%	13.6%	12.6%	9.4%	9.7%	9.6%	9.9%	10.3%	10.0%	9.7%	9.8%	9.7%	9.9%	10.0%	9.8%	9.1%	9.1%
Debt / equity	0.00	0.00	0.00	0.00	0.10	0.10	0.10	0.10	0.07	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest coverage	46.83	23.81	22.52	22.93	20.78	25.93	28.12	28.45	31.08	47.45	46.52	43.25	38.35	41.93	41.87	42.30	47.03	44.39	46.41	47.35	59.44	60.39	70.82
Asset turnover	1.33	1.16	1.19	1.32	1.18	1.31	1.40	1.45	1.32	1.57	1.61	1.63	1.50	1.57	1.57	1.61	1.58	1.55	1.59	1.64	1.53	1.60	1.71

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 18 periods

	MAR '14‡	MAR '15‡	MAR '16‡	MAR '17‡	MAR '18‡	MAR '19‡	MAR '20‡	MAR '21‡	MAR '22‡	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	62	62	62	62	63	63	63	63	63	63	63	63	63	63	63	63	63	63
Other equity / reserves	1,604	1,756	2,965	3,214	3,667	4,135	4,249	5,114	5,940	6,110	6,563	6,837	7,384	7,731	8,261	8,608	9,393	9,710
Total equity	1,666	1,818	3,028	3,277	3,729	4,198	4,312	5,176	6,003	6,173	6,625	6,899	7,447	7,794	8,324	8,671	9,455	9,773
Borrowings	824	296	86	208	88	40	0	492	396	0	0	0	0	0	0	0	0	0
Current liabilities	2,485	2,317	1,237	—	2,530	2,540	2,327	2,777	3,633	3,372	3,836	3,387	4,283	4,317	4,775	4,301	4,585	4,274
Non-current liabilities	1,186	695	108	—	341	411	435	899	887	640	696	732	703	717	694	659	693	684
Total assets	5,337	4,831	4,388	5,169	6,608	7,148	7,073	8,852	10,523	10,185	11,157	11,018	12,433	12,843	13,809	13,647	14,746	14,743
Property, plant & equipment	1,128	1,158	1,186	1,199	1,254	1,434	1,900	1,861	2,021	1,986	2,228	2,447	2,606	3,110	3,252	3,250	3,813	4,210
Capital work-in-progress	44	38	20	12	24	232	83	86	57	62	163	143	297	130	116	475	439	501
Investments	—	0	189	162	—	—	0	306	426	301	201	20	20	20	11	616	0	0
Inventories	1,493	1,366	834	945	1,633	1,919	1,872	2,620	2,968	3,551	3,709	3,562	3,409	3,855	4,047	4,854	4,441	5,038
Receivables	1,001	623	236	231	328	424	250	567	769	569	976	543	1,165	730	1,259	845	855	888
Cash & equivalents	882	777	142	592	336	705	268	355	776	277	465	320	266	382	807	623	791	501

Cash flow

annual · ₹ crore · line = free cash flow

showing latest 5 of 13 periods

	FY14‡	FY15‡	FY16‡	FY17‡	FY18‡	FY19‡	FY20‡	FY21‡	FY22	FY23	FY24	FY25	FY26
Cash from operations	868	963	513	767	1,100	501	827	660	1,728	565	1,953	1,515	1,572
Cash from investing	-376	-486	35	-216	-944	188	-548	-763	-759	35	-1,614	-302	-893
Cash from financing	-310	-754	-621	-98	-409	-318	-716	190	-547	-907	-534	-669	-693
Capex	176	174	217	242	—	501	361	250	258	588	786	766	1,484
Free cash flow	692	789	296	525	—	-0	466	410	1,470	-23	1,167	749	88
Dividends paid	183	146	451	226	263	302	641	188	407	470	470	627	627

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹4,210 cr29%

CWIP

₹501 cr3%

Inventories

₹5,038 cr34%

Receivables

₹888 cr6%

Cash & equivalents

₹501 cr3%

Other assets

₹3,605 cr24%

Peer comparison

largest in Consumer Durables · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Titan Company Ltd.	4,43,900	5,000.00	63.1	24.31	38.5%
Asian Paints Ltd.	2,44,212	2,546.00	50.5	11.24	22.3%
LG Electronics India Ltd.	1,19,063	1,754.10	61.9	13.52	21.8%
Dixon Technologies (India) Ltd.	77,202	12,625.00	49.8	13.13	26.4%
Havells India Ltd.	70,793	1,128.00	42.6	7.24	17.0%
Kalyan Jewellers India Ltd.	61,009	590.75	42.5	9.67	22.7%
Berger Paints India Ltd.	55,776	478.35	45.5	7.88	17.3%
Voltas Ltd.	36,355	1,099.00	80.9	5.70	7.0%
Blue Star Ltd.	32,382	1,575.00	60.6	9.29	15.3%
Amber Enterprises India Ltd.	22,582	6,403.00	235.1	5.16	2.2%

StoxGud checklist: Neutral setup · 5/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month+6.4%

6 months-11.1%

1 year-25.3%

3Y CAGR-3.7%

5Y CAGR-3.2%

10Y CAGR+11.1%

50-day avg₹1,097.14

200-day avg₹1,222.42

RSI (14)51

Long-term financials (FY12–FY14)

from published annual reports

Year	Revenue	Profit before tax	Net profit
FY14	₹4,720 Cr	₹595 Cr	₹479 Cr
FY13	₹4,225 Cr	₹457 Cr	₹371 Cr
FY12	₹3,616 Cr	₹374 Cr	₹305 Cr

Years before FY17 follow the older Indian GAAP standard, so they are not exactly comparable with recent years.

Compare Havells India Ltd. with

Titan Company vs Havells India Asian Paints vs Havells India LG Electronics India vs Havells India Dixon Technologies (India) vs Havells India Havells India vs Kalyan Jewellers India Havells India vs Berger Paints India

FAQs

What is the share price of Havells India Ltd.?

Havells India Ltd. (HAVELLS) closed at ₹1,128.00 on NSE on 06 Nov 2026.

What is the market cap of Havells India Ltd.?

₹70,793 crore at the latest close.

What is the P/E ratio of Havells India Ltd.?

42.6, on trailing-twelve-month earnings from its filings.

How fast is Havells India Ltd. growing?

Havells India Ltd.: revenue has compounded at 10.0% a year over three years. Latest-quarter revenue is up 34.6% year on year, profit up 9.6%.

How profitable is Havells India Ltd.?

On a trailing-twelve-month basis return on equity is 17.0%, return on capital employed 22.5%, operating margin 9.1%, net margin 6.6%.

How much debt does Havells India Ltd. have?

Havells India Ltd. is debt-free: debt to equity is 0.00 with borrowings of ₹0 cr against cash of ₹501 cr (balance sheet of 2026-09-30). Operating profit covers interest 70.8 times.

Financials parsed from Havells India Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from JUN '19, annual from FY20, balance sheet from Mar '14. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.