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 (₹1,124)
Concerns
Today's Price Action
The stock is trading flat at ₹1,154 with zero percent intraday change. Trading volume today equals the 20‑day average of 28,39,328 shares, indicating that current participation matches the recent typical liquidity level.
Valuation Snapshot
Havells India Limited carries a forward P/E of 46, markedly higher than the sector‑wide P/E of 0, reflecting a premium valuation relative to peers. The company’s return on equity stands at a healthy 19 %, suggesting efficient capital utilisation.
Key Levels to Watch
The current price sits just above the 52‑week low of ₹1,124, leaving limited downside cushion before that support may be tested. Open‑interest data for nearby strike prices show a modest concentration around ₹1,150–₹1,170, which could act as a short‑term magnet for price action.
Chart Pattern
A Bearish Engulfing candlestick appeared on the daily chart ten days ago, engulfing the prior bullish candle and signaling a potential shift in short‑term momentum.
Data Summary
Key metrics include a market‑cap‑free stock price of ₹1,154, a forward P/E of 46, a P/B of 0, and an ROE of 19 %. Volume today mirrors the 20‑day average, while the 52‑week range is ₹1,124 to ₹1,623, with the latest bearish engulfing formation noted on the daily timeframe.
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| TITAN Titan Company Limited | ₹5,020 | ₹4.5L Cr | 76.4 | 28.36 | 37.7 | 20.5 | 0.97 |
| ASIANPAINT Asian Paints Limited | ₹2,527 | ₹2.4L Cr | 49.7 | 11.33 | 21.8 | 26.3 | 0.18 |
| LGEINDIA LG Electronics India Limited | ₹1,690 +1.57% | ₹1.0L Cr | 62.26 | 15.23 | 24.72 | — | 0.06 |
| DIXON Dixon Technologies (India) Limited | ₹14,240 | ₹87K Cr | 46.4 | 18.52 | 18.9 | 29.2 | 0.34 |
| KALYANKJIL Kalyan Jewellers India Limited | ₹599 | ₹62K Cr | 42.3 | 9.8 | 24.8 | 21.2 | 1 |
| BERGEPAINT Berger Paints (I) Limited | ₹510 −1.10% | ₹57K Cr | 46.1 | 8.6 | 17.3 | 21.6 | 0.11 |
| VOLTAS Voltas Limited | ₹1,170 | ₹39K Cr | 82.9 | 6.06 | 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 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 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 hosts analyst and institutional investor meet
*Havells hosts analyst and institutional investor meet* to discuss business performance and strategy. The company provided updates on operations and financial outlook during the con-call. No major announcements or guidance changes were disclosed. 📊 *STOCKS:* HAVELLS | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #Havells
Havells India issues general corporate updates.
*Havells India issues general corporate updates.* The company filed routine disclosures with the NSE, though no specific financial or strategic details were provided. Such updates typically involve internal administrative or compliance matters. **No material impact** is expected on trading or earnings. 📊 *STOCKS:* HAVELLS | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #corporate
Havells India's earnings show underlying issues, warns analyst
*Havells India's earnings show underlying issues, warns analyst* from simplywall.st. The report highlights concerns despite stable revenue and profit growth. Margins and return ratios may be under pressure going forward. A deeper look suggests challenges in sustaining performance. 📊 *STOCKS:* HAVELLS | 🏢 *SECTOR:* ConsumerElectricals | #MEDIUMIMPACT #Earnings
Havells India's earnings face underlying issues
*Havells India's earnings face underlying issues* according to simplywall.st analysis. The report highlights concerns despite no major negative numbers. Investors should assess fundamentals closely. 📊 *STOCKS:* HAVELLS | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #Earnings
Havells declares dividend of ₹4.00 per share
*Havells India declares dividend of ₹4.00 per share.* The company is distributing cash to shareholders through this regular dividend payout. This represents a routine capital allocation decision typical for established players. Dividend yield and ex-date details will influence F&O positioning in options strategies. 📊 *STOCKS:* $HAVELLS | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #dividend
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