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)
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| TITAN Titan Company Limited | ₹4,268 | ₹3.6L Cr | 70.3 | 24.11 | 37.7 | 25.8 | 0.97 |
| ASIANPAINT Asian Paints Limited | ₹2,677 | ₹2.6L Cr | 57.5 | 12 | 21.8 | 26.3 | 0.18 |
| LGEINDIA LG Electronics India Limited | ₹1,500 -0.69% | ₹1.0L Cr | 62.26 | 15.23 | 24.72 | — | 0.06 |
| DIXON Dixon Technologies (India) Limited | ₹11,450 | ₹71K Cr | 49.3 | 14.89 | 37.4 | 42 | 0.34 |
| BERGEPAINT Berger Paints (I) Limited | ₹490 -0.81% | ₹59K Cr | 50.8 | 8.27 | 17.8 | 22.2 | 0.11 |
| VOLTAS Voltas Limited | ₹1,301 | ₹41K Cr | 104 | 6.74 | 6.1 | 9.04 | 0.28 |
| KALYANKJIL Kalyan Jewellers India Limited | ₹372 | ₹36K Cr | 26.4 | 6.1 | 24.8 | 20.5 | 1 |
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
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 news →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
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
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 Durables · Consumer Durables