Havells India Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- Strong return on equity (ROE 19%)
- Efficient capital deployment (ROCE 24.9%)
- Virtually debt-free
- Near 52-week low — potential value zone (₹1,000)
Concerns
Today's Price Action
The stock closed at ₹1025.4 with zero percent change, matching the previous close, after a steady session that saw marginal fluctuations across the midday trading window. Intraday volume recorded 11,71,117 shares, identical to the 20‑day average, indicating typical participation overall today itself and reflects sustained interest from both retail and institutional investors.
Valuation Snapshot
Havells India Limited trades at a price‑to‑earnings multiple of 38.1, while the consumer durables sector shows a neutral P/E of zero, reflecting a lack of comparable peers, which underscores the company’s relative valuation premium within its niche. The company’s return on equity stands at 19 per cent, suggesting solid profitability; this ROE exceeds the industry average and points to efficient capital deployment.
Key Levels to Watch
The current price sits just above the 52‑week low of ₹1003, offering a potential support zone near that level. Conversely, the 52‑week high of ₹1517 lies approximately 48 per cent above the market price, representing a distant resistance reference.
Chart Pattern
On the daily chart, two bearish engulfing candlesticks formed ten days and six days ago respectively; the pattern signals that closing prices were lower than the prior session’s opens and highs, denoting a shift toward weaker price momentum.
Data Summary
Key metrics include a P/E of 38.1, a P/B of 0, and an ROE of 19 per cent, alongside a market capitalization recorded as zero crore. Volume of 11,71,117 shares aligns with the recent average, and price remains within the lower half of its 52‑week range.
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| TITAN Titan Company Limited | ₹4,338 | ₹3.8L Cr | 65.4 | 24.51 | 37.7 | 20.5 | 0.97 |
| ASIANPAINT Asian Paints Limited | ₹2,285 | ₹2.2L Cr | 45.4 | 10.24 | 21.8 | 26.3 | 0.18 |
| LGEINDIA LG Electronics India Limited | ₹— | ₹1.0L Cr | 62.26 | 15.23 | 24.72 | — | 0.06 |
| DIXON Dixon Technologies (India) Limited | ₹11,400 | ₹68K Cr | 36.5 | 14.82 | 18.9 | 29.2 | 0.34 |
| BERGEPAINT Berger Paints (I) Limited | ₹— | ₹54K Cr | 44.3 | — | 17.3 | 21.6 | 0.11 |
| KALYANKJIL Kalyan Jewellers India Limited | ₹510 | ₹53K Cr | 36.1 | 8.35 | 24.8 | 21.2 | 1 |
| VOLTAS Voltas Limited | ₹1,012 | ₹31K Cr | 67.3 | 5.24 | 6.1 | 9.04 | 0.28 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
HAVELLS · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 59.43% | 59.43% | 59.41% | 59.41% | 59.41% | 59.41% |
| FII | 23.96% | 24.83% | 25.33% | 24.76% | 23.46% | 22.31% |
| DII | 10.00% | 9.77% | 9.42% | 10.10% | 11.43% | 12.63% |
| Public | 6.49% | 5.85% | 5.66% | 5.58% | 5.57% | 5.52% |
| Govt | 0.11% | 0.11% | 0.13% | 0.13% | 0.13% | 0.13% |
| Others | — | — | 0.04% | — | — | — |
Corporate Events
To consider and approve the financial results for the period ended September 30, 2026
To consider and approve the financial results for the period ended Jun 30, 2026
Dividend - Rs 6 Per Share
Record: 23 May 2026
Interim Dividend - Rs 4 Per Share
Annual General Meeting/Dividend - Rs 6 Per Share
Record: 24 May 2025
Interim Dividend - Rs 4 Per Share
Annual General Meeting/Dividend - Rs 6 Per Share
Interim Dividend - Rs 3 Per Share
Annual General Meeting/Dividend - Rs 4.50 Per Share
Latest News
All newsHavells reports Q2FY26 financial results
*Havells reports Q2FY26 financial results* with revenue and profit figures for the quarter ended September 30, 2026. The results are in-line with market expectations, showing stable growth in consumer and industrial segments. **Revenue grew by **7% YoY**, while **net profit rose **10% YoY**.** 📊 *STOCKS:* $HAVELLS | 🏢 *SECTOR:* Electricals | #MEDIUMIMPACT #Earnings
Havells appoints Anil Rai as Chief Financial Officer
*Havells appoints Anil Rai as Chief Financial Officer* following the resignation of the previous CFO. The appointment is effective immediately, ensuring continuity in financial leadership. This management reshuffle could influence investor sentiment given the critical role of the CFO. 📊 *STOCKS:* $HAVELLS | 🏢 *SECTOR:* Corporate | #HIGHIMPACT #ManagementChange
Havells India falls 6% on multiple broker downgrades post-Q4
*Havells India shares decline **6%** following Q4 results as at least **three brokers** downgrade the stock.* The downgrades signal analyst concern over Q4 performance metrics and forward outlook. This sharp correction reflects negative sentiment post-results and may trigger options positioning changes among F&O traders. 📊 *STOCKS:* $HAVELLS | 🏢 *SECTOR:* Electrical Equipment | #HIGHIMPACT #Downgrades
Havells Q4 profit surges 40% YoY to ₹723 crore
*Havells India Q4 earnings: Net profit soars 40% YoY to ₹723 crore; ₹6/share dividend declared.* The electrical equipment manufacturer delivered strong profitability growth of **40% YoY**, significantly outperforming expectations. Management declared a dividend of **₹6 per share**, rewarding shareholders amid robust operational performance. 📊 *STOCKS:* $HAVELLS | 🏢 *SECTOR:* Capital Goods/Electrical Equipment | #HIGHIMPACT #Q4Results
Havells India publishes statutory newspaper notice
*Havells India publishes statutory newspaper notice.* This is a routine compliance filing related to a statutory announcement. Such disclosures are standard practice and do not indicate operational changes. No financial or strategic impact is expected. 📊 *STOCKS:* $HAVELLS | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #Statutory
Havells India shares unchanged post investor presentation
*Havells India shares showed no significant movement after its investor presentation.* The filing provided updates on business performance and strategy without major announcements. No financial revisions or surprises were disclosed. 📊 *STOCKS:* $HAVELLS | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #InvestorPresentation
Havells to host analyst and investor meet
*Havells to host analyst and investor meet.* The company has scheduled a corporate event for updates with analysts and institutional investors. **No financial figures or strategic announcements** were disclosed in the filing. Details may emerge during the con-call. 📊 *STOCKS:* $HAVELLS | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #InvestorMeet
Citi upgrades Havells to 'buy' after price correction
*Citi upgrades Havells to 'buy' following recent share price correction.* The brokerage finds the risk-reward profile attractive after the dip. Valuation now appears compelling ahead of strong execution in the upcoming quarters. 📊 *STOCKS:* $HAVELLS | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #BrokerUpgrade
Citi upgrades Havells to 'buy' on attractive risk-reward
*Citi upgrades Havells to 'buy' following recent share price correction.* The brokerage finds the current risk-reward profile attractive despite near-term demand concerns. Valuations are now more appealing after the stock's pullback. 📊 *STOCKS:* HAVELLS | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #BrokerUpgrade
Havells publishes statutory notice in newspaper
*Havells publishes statutory notice in newspaper.* This is a routine corporate disclosure as per regulatory requirements. No financial or operational details were provided. Such publications are standard for shareholder communications. 📊 *STOCKS:* $HAVELLS | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #StatutoryNotice
Financials
Quarterly Results
| Metric | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹6.7K Cr 20.0% | ₹5.6K Cr 16.9% | ₹4.8K Cr 12.4% | ₹5.5K Cr 16.6% | ₹6.5K Cr 33.9% | ₹4.9K Cr 7.7% | ₹4.5K Cr 21.8% | ₹5.8K Cr |
| Op. Profit | ₹729 Cr 41.3% | ₹516 Cr 17.8% | ₹438 Cr 15.1% | ₹516 Cr 31.8% | ₹757 Cr 77.7% | ₹426 Cr 13.6% | ₹375 Cr 34.4% | ₹572 Cr |
| OPM | 11.0% 22.2% | 9.0% 0.0% | 9.0% 0.0% | 9.0% 25.0% | 12.0% 33.3% | 9.0% 12.5% | 8.0% 20.0% | 10.0% |
| Net Profit | ₹723 Cr 141.0% | ₹300 Cr 5.7% | ₹318 Cr 8.6% | ₹348 Cr 32.7% | ₹517 Cr 86.0% | ₹278 Cr 3.7% | ₹268 Cr 34.3% | ₹408 Cr |
| EPS (₹) | 11.53 140.2% | 4.8 5.7% | 5.09 8.3% | 5.55 32.8% | 8.26 86.0% | 4.44 3.7% | 4.28 34.3% | 6.51 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹22.5K Cr 3.4% | ₹21.8K Cr 17.1% | ₹18.6K Cr 9.9% | ₹16.9K Cr 21.3% | ₹13.9K Cr 33.3% | ₹10.5K Cr 10.8% | ₹9.4K Cr 6.3% | ₹10.1K Cr 24.1% | ₹8.1K Cr 32.4% | ₹6.1K Cr |
| Expenses | ₹20.3K Cr 3.5% | ₹19.6K Cr 17.3% | ₹16.7K Cr 9.3% | ₹15.3K Cr 25.7% | ₹12.2K Cr 37.2% | ₹8.9K Cr 5.9% | ₹8.4K Cr 5.8% | ₹8.9K Cr 25.4% | ₹7.1K Cr 33.3% | ₹5.3K Cr |
| Op. Profit | ₹2.2K Cr 3.0% | ₹2.2K Cr 15.6% | ₹1.9K Cr 16.0% | ₹1.6K Cr 8.7% | ₹1.8K Cr 11.7% | ₹1.6K Cr 48.9% | ₹1.1K Cr 10.3% | ₹1.2K Cr 15.1% | ₹1.0K Cr 26.7% | ₹815 Cr |
| OPM | 10.0% 0.0% | 10.0% 0.0% | 10.0% 0.0% | 10.0% 23.1% | 13.0% 13.3% | 15.0% 36.4% | 11.0% 8.3% | 12.0% 7.7% | 13.0% 0.0% | 13.0% |
| Other Income | ₹479 Cr 66.3% | ₹288 Cr 15.7% | ₹249 Cr 39.9% | ₹178 Cr 11.9% | ₹159 Cr 15.0% | ₹187 Cr 76.4% | ₹106 Cr 14.5% | ₹124 Cr 27.8% | ₹97 Cr 131.0% | ₹42 Cr |
| Interest | ₹79 Cr 9.7% | ₹72 Cr 14.3% | ₹84 Cr 52.7% | ₹55 Cr 17.9% | ₹67 Cr 25.6% | ₹90 Cr 76.5% | ₹51 Cr 218.8% | ₹16 Cr 36.0% | ₹25 Cr 92.3% | ₹13 Cr |
| Depreciation | ₹432 Cr 8.0% | ₹400 Cr 18.3% | ₹338 Cr 14.2% | ₹296 Cr 13.4% | ₹261 Cr 4.8% | ₹249 Cr 14.2% | ₹218 Cr 46.3% | ₹149 Cr 6.4% | ₹140 Cr 15.7% | ₹121 Cr |
| PBT | ₹2.2K Cr 11.1% | ₹2.0K Cr 16.6% | ₹1.7K Cr 18.0% | ₹1.4K Cr 10.0% | ₹1.6K Cr 11.8% | ₹1.4K Cr 59.1% | ₹904 Cr 21.2% | ₹1.1K Cr 18.9% | ₹965 Cr 33.5% | ₹723 Cr |
| Tax % | 24.0% 7.7% | 26.0% 0.0% | 26.0% 0.0% | 26.0% 0.0% | 26.0% 3.7% | 27.0% 42.1% | 19.0% 38.7% | 31.0% 0.0% | 31.0% 3.1% | 32.0% |
| Net Profit | ₹1.7K Cr 14.9% | ₹1.5K Cr 15.7% | ₹1.3K Cr 18.6% | ₹1.1K Cr 10.4% | ₹1.2K Cr 14.6% | ₹1.0K Cr 42.0% | ₹735 Cr 6.7% | ₹788 Cr 19.2% | ₹661 Cr 33.8% | ₹494 Cr |
| EPS (₹) | 26.95 14.8% | 23.48 15.8% | 20.28 18.5% | 17.11 10.4% | 19.1 14.5% | 16.68 42.0% | 11.75 6.7% | 12.59 18.8% | 10.6 34.0% | 7.91 |
| Div Payout | 37.0% 14.0% | 43.0% 2.3% | 44.0% 0.0% | 44.0% 12.8% | 39.0% 0.0% | 39.0% 14.7% | 34.0% 5.6% | 36.0% 800.0% | 4.0% 90.9% | 44.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
Liabilities | ||||||||||
| Equity Capital | ₹63 Cr 0.0% | ₹63 Cr 0.0% | ₹63 Cr 0.0% | ₹63 Cr 0.0% | ₹63 Cr 0.0% | ₹63 Cr 0.0% | ₹63 Cr 0.0% | ₹63 Cr 0.0% | ₹63 Cr 1.6% | ₹62 Cr |
| Reserves | ₹9.4K Cr 13.7% | ₹8.3K Cr 11.9% | ₹7.4K Cr 12.5% | ₹6.6K Cr 10.5% | ₹5.9K Cr 16.2% | ₹5.1K Cr 20.4% | ₹4.2K Cr 2.8% | ₹4.1K Cr 12.8% | ₹3.7K Cr 14.1% | ₹3.2K Cr |
| Borrowings | ₹265 Cr 16.9% | ₹319 Cr 5.3% | ₹303 Cr 35.9% | ₹223 Cr 63.8% | ₹616 Cr 18.2% | ₹521 Cr 623.6% | ₹72 Cr 23.4% | ₹94 Cr 18.3% | ₹115 Cr 44.7% | ₹208 Cr |
| Other Liabilities | ₹5.0K Cr 2.7% | ₹5.2K Cr 10.3% | ₹4.7K Cr 8.7% | ₹4.3K Cr 10.4% | ₹3.9K Cr 23.7% | ₹3.2K Cr 17.3% | ₹2.7K Cr 5.8% | ₹2.9K Cr 3.4% | ₹2.8K Cr 64.2% | ₹1.7K Cr |
| Total Liabilities | ₹14.7K Cr 6.8% | ₹13.8K Cr 11.1% | ₹12.4K Cr 11.4% | ₹11.2K Cr 6.0% | ₹10.5K Cr 18.9% | ₹8.9K Cr 25.2% | ₹7.1K Cr 1.0% | ₹7.1K Cr 8.2% | ₹6.6K Cr 27.9% | ₹5.2K Cr |
Assets | ||||||||||
| Fixed Assets | ₹5.3K Cr 14.9% | ₹4.7K Cr 16.6% | ₹4.0K Cr 10.1% | ₹3.6K Cr 5.4% | ₹3.4K Cr 4.4% | ₹3.3K Cr 1.8% | ₹3.4K Cr 15.4% | ₹2.9K Cr 3.0% | ₹2.8K Cr 116.8% | ₹1.3K Cr |
| CWIP | ₹443 Cr 275.4% | ₹118 Cr 60.5% | ₹299 Cr 80.1% | ₹166 Cr 191.2% | ₹57 Cr 36.7% | ₹90 Cr 4.7% | ₹86 Cr 63.1% | ₹233 Cr 870.8% | ₹24 Cr 100.0% | ₹12 Cr |
| Investments | ₹888 Cr 7972.7% | ₹11 Cr 45.0% | ₹20 Cr 90.0% | ₹201 Cr 52.8% | ₹426 Cr 39.2% | ₹306 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr 100.0% | ₹162 Cr |
| Other Assets | ₹8.1K Cr 10.6% | ₹9.0K Cr 11.1% | ₹8.1K Cr 13.3% | ₹7.2K Cr 8.5% | ₹6.6K Cr 27.9% | ₹5.2K Cr 42.0% | ₹3.6K Cr 9.3% | ₹4.0K Cr 6.6% | ₹3.8K Cr 1.9% | ₹3.7K Cr |
| Total Assets | ₹14.7K Cr 6.8% | ₹13.8K Cr 11.1% | ₹12.4K Cr 11.4% | ₹11.2K Cr 6.0% | ₹10.5K Cr 18.9% | ₹8.9K Cr 25.2% | ₹7.1K Cr 1.0% | ₹7.1K Cr 8.2% | ₹6.6K Cr 27.9% | ₹5.2K Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹1.6K Cr 3.2% | ₹1.5K Cr 22.0% | ₹2.0K Cr 245.7% | ₹565 Cr 67.3% | ₹1.7K Cr 161.8% | ₹660 Cr 20.2% | ₹827 Cr 65.1% | ₹501 Cr 54.5% | ₹1.1K Cr 43.4% | ₹767 Cr |
| Investing CF | ₹-895 Cr 193.4% | ₹-305 Cr 81.1% | ₹-1.6K Cr 5319.4% | ₹31 Cr 104.1% | ₹-759 Cr 0.5% | ₹-763 Cr 39.2% | ₹-548 Cr 396.2% | ₹185 Cr 119.6% | ₹-946 Cr 330.0% | ₹-220 Cr |
| Financing CF | ₹-693 Cr 2.4% | ₹-677 Cr 26.8% | ₹-534 Cr 41.1% | ₹-907 Cr 65.8% | ₹-547 Cr 387.9% | ₹190 Cr 126.5% | ₹-716 Cr 125.2% | ₹-318 Cr 22.2% | ₹-409 Cr 317.3% | ₹-98 Cr |
| Net Cash Flow | ₹-17 Cr 103.1% | ₹541 Cr 371.9% | ₹-199 Cr 36.0% | ₹-311 Cr 173.9% | ₹421 Cr 383.9% | ₹87 Cr 119.9% | ₹-437 Cr 218.8% | ₹368 Cr 244.3% | ₹-255 Cr 156.7% | ₹450 Cr |
| Free Cash Flow | ₹156 Cr 79.7% | ₹769 Cr 35.4% | ₹1.2K Cr 5771.4% | ₹-21 Cr 101.4% | ₹1.5K Cr 190.9% | ₹507 Cr 8.6% | ₹467 Cr 23250.0% | ₹2 Cr 100.4% | ₹-489 Cr 192.4% | ₹529 Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 13d 38.1% | 21d 8.7% | 23d 9.5% | 21d 5.0% | 20d 0.0% | 20d 122.2% | 9d 40.0% | 15d 0.0% | 15d 7.1% | 14d |
| Inventory Days | 110d 5.8% | 104d 2.0% | 102d 14.3% | 119d 0.0% | 119d 22.2% | 153d 26.4% | 121d 5.2% | 115d 7.3% | 124d 25.3% | 99d |
| Days Payable | 72d 7.7% | 78d 3.7% | 81d 4.7% | 85d 10.5% | 95d 2.2% | 93d 1.1% | 92d 2.1% | 94d 24.8% | 125d 89.4% | 66d |
| Cash Conv. Cycle | 51d 8.5% | 47d 6.8% | 44d 20.0% | 55d 25.0% | 44d 44.3% | 79d 102.6% | 39d 8.3% | 36d 157.1% | 14d 69.6% | 46d |
| Working Capital Days | 14d 16.7% | 12d 9.1% | 11d 56.0% | 25d 257.1% | 7d 65.0% | 20d 1900.0% | 1d | 0d 100.0% | -17d 112.5% | -8d |
| ROCE | 25.0% 0.0% | 25.0% 4.2% | 24.0% 9.1% | 22.0% 18.5% | 27.0% 10.0% | 30.0% 36.4% | 22.0% 24.1% | 29.0% 7.4% | 27.0% 8.0% | 25.0% |
Source: Screener.in · Lower days = better efficiency
Deep Dive Analysis
About 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]
Consumer DurablesConsumer Durables