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Havells India Limited (HAVELLS.NS)

INR1,181.10 -5.60 (-0.47%)
IN NSE Industrials Electrical Equipment & Parts
Address QRG Towers 201304
Noida, IN
CEO Anil Rai Gupta
Website havells.com
IPO 2002-07-01
ISIN INE176B01034

Explore sections of this company profile

Also trades on Bombay Stock Exchange · HAVELLS.BO (INR) National Stock Exchange of India · HAVELLS.NS (INR)
Description

Havells India Limited is a leading fast-moving electrical goods (FMEG) enterprise that manufactures, markets, and sells a wide spectrum of consumer electrical and electronic merchandise, both within India and across international markets. The company's expansive operations are structured into six core divisions: Switchgears, Cables, Lighting and Fixtures, Electrical Consumer Durables, Lloyd Consumer, and various Other categories. Its comprehensive product offerings include fundamental electrical components such as switches, alongside an extensive range of switchgear products. This comprises protective devices like circuit breakers, energy-saving units, human safety equipment, distribution boards, surge protection devices, and control and monitoring apparatus, as well as magnetic contractors, thermal overload relays, and starters. Havells also provides a diverse selection of lighting solutions and various household appliances for cooking, food preparation, brewing, garment care, climate control, and air purification. Furthermore, it supplies critical infrastructure items like power, control, and fire survival cables. Beyond these, the company's portfolio features a broad array of fans, including ceiling, table, pedestal, wall-mounted, personal, and domestic exhaust fans. It offers numerous water heating systems, such as storage, instant, instantaneous gas, solar, linea online, heat, and auto immersion heaters. Various pump types, including centrifugal, monoblock, submersible, and borewell submersible models, are also available. For consumer electronics, Havells provides water purifiers, air conditioners, televisions, refrigerators, washing machines, dishwashers, air circulators, heavy-duty exhaust fans, and air coolers. Additionally, Havells specializes in a variety of motors, encompassing crane duty, smoke, brake, inverter duty, and energy-efficient variants, along with reactive power solutions and personal grooming products. The company is actively involved in solar energy, supplying rooftop on-grid, off-grid, portable, and on-grid inverter solutions. Its advanced power management solutions include power capacitors, IOT-enabled IPFC relays, HD harmonic detuned reactors, IOT-enabled APFC panels, high PIV thyristor switches, SVG and active harmonic filters, and hybrid panels. These products are distributed under prominent brands such as Havells, Lloyd, Crabtree, Standard, and REO. Havells India Limited boasts a significant global presence, exporting its goods to approximately 60 countries. The company was founded in 1958 and is headquartered in Noida, India.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR1,181.10 -5.60 (-0.47%)
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Volume Profile
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Liquidity & share structure
Average Volume
1M
Beta
0.23
Float Shares
246.44M
Free Float %
39.3%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+2.22% +0.96% -3.76% -11.91% -18.13% -19.00% -25.11% -14.53% +13.21% +221.70% +59,084.62%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
1,181.10
DCF (Unlevered) 1,372.90 +16.2%
DCF (Levered) 1,095.12 -7.3%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 70% Bullish
Rating 2026-06 Change
Strong Buy 10 0
Buy 16 0
Hold 7 0
Sell 1 0
Strong Sell 3 +1
Quality scores
Altman Z-Score
10.35
Safe zone
Piotroski F-Score
4 / 9
Average
MOAT Score
4 / 10
Developing
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
4 / 5
High
ROE Score
5 / 5
High
ROA Score
5 / 5
High
D/E Score
4 / 5
High
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • ✗
    Revenue growth Electrical Equipment & Parts: +13.1%
    +4.3% Q1'26: +5.3% (vs Q1'25)
  • ✓
    EPS growth Electrical Equipment & Parts: +22.4%
    +14.7% Q1'26: +39.6% (vs Q1'25)
  • ✓
    FCF margin FCF growth · Electrical Equipment & Parts: +27.2%
    +6.8% Q1'26: -16.0% (vs Q1'25)
  • ✗
    EBIT margin Electrical Equipment & Parts: +8.2%
    +10.0% ★ Q1'26: +13.8% (vs Q1'25)
  • ✓
    ROIC Electrical Equipment & Parts: +6.4%
    +23.3% ★ Q1'26: +39.7% (vs Q1'25)
  • ✗
    Share dilution Electrical Equipment & Parts: +0.0%
    +0.1% Q1'26: 0.0% (vs Q1'25)
  • ✓
    Debt / EBITDA Net debt/EBITDA · Electrical Equipment & Parts: -0.54×
    0.10× ★ Q1'26: 0.06× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
▶ WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.23) × ERP
WACC = 100% × Ke + 0% × Kd (14.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
—
Intrinsic value (base): 1,342.29 Current price: 1,181.10
Enterprise Value: — Equity Value: — Terminal Value: — TV as % of EV: —

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2006
actual 		Mar 2007
actual 		Mar 2008
actual 		Mar 2009
actual 		Mar 2010
actual 		Mar 2011
actual 		Mar 2012
actual 		Mar 2013
actual 		Mar 2014
actual 		Mar 2015
actual 		Mar 2016
actual 		Mar 2017
actual 		Mar 2018
actual 		Mar 2019
actual 		Mar 2020
actual 		Mar 2021
actual 		Mar 2022
actual 		Mar 2023
actual 		Mar 2024
actual 		Mar 2025
actual 		Mar 2026
22 Rev. Ana.
16 EPS Ana. 		Mar 2027
24 Rev. Ana.
22 EPS Ana. 		Mar 2028
22 Rev. Ana.
20 EPS Ana. 		Mar 2029
9 Rev. Ana.
8 EPS Ana. 		Mar 2030
4 Rev. Ana.
3 EPS Ana.
Revenue
10.04B
est: 9.87B (+1.7%)
15.47B
est: 15.77B (-1.9%)
50.03B
est: 21.74B (+130.1%)
54.77B
est: 55.73B (-1.7%)
51.63B
est: 55.19B (-6.5%)
56.13B
est: 58.50B (-4.1%)
64.93B
est: 65.74B (-1.2%)
72.22B
est: 73.82B (-2.2%)
81.46B
est: 82.86B (-1.7%)
85.26B
est: 87.43B (-2.5%)
75.71B
est: 79.92B (-5.3%)
61.08B
est: 61.22B (-0.2%)
81.01B
est: 81.98B (-1.2%)
100.12B
est: 101.86B (-1.7%)
93.87B
est: 99.54B (-5.7%)
103.83B
est: 101.99B (+1.8%)
138.35B
est: 132.10B (+4.7%)
168.06B
est: 168.11B (0.0%)
184.73B
est: 195.62B (-5.6%)
216.00B
est: 214.46B (+0.7%)
231.07B
227.00B – 237.69B
+7.7% YoY
260.20B
252.18B – 273.86B
+12.6% YoY
296.35B
286.58B – 315.98B
+13.9% YoY
329.95B
328.16B – 331.74B
+11.3% YoY
348.97B
337.82B – 369.84B
+5.8% YoY
EBITDA
1.08B
est: 1.26B (-14.3%)
1.53B
est: 1.06B (+44.0%)
3.78B
est: 1.56B (+143.0%)
3.00B
est: 4.40B (-31.8%)
3.44B
est: -1.48B (+332.3%)
5.78B
est: 1.75B (+229.7%)
6.79B
est: 4.65B (+46.2%)
8.89B
est: 4.86B (+83.0%)
7.67B
est: 7.16B (+7.1%)
7.62B
est: 6.80B (+12.1%)
16.99B
est: 5.84B (+191.0%)
8.40B
est: 12.44B (-32.5%)
11.41B
est: 12.50B (-8.8%)
13.12B
est: 14.83B (-11.5%)
11.42B
est: 14.12B (-19.1%)
17.59B
est: 11.42B (+54.1%)
19.21B
est: 13.97B (+37.4%)
17.77B
est: 15.41B (+15.3%)
20.92B
est: 23.06B (-9.3%)
24.34B
est: 25.28B (-3.7%)
27.24B
26.76B – 28.02B
+7.7% YoY
30.67B
29.73B – 32.28B
+12.6% YoY
34.93B
33.78B – 37.25B
+13.9% YoY
38.89B
38.68B – 39.10B
+11.3% YoY
41.14B
39.82B – 43.60B
+5.8% YoY
EBIT
1.02B
est: 1.07B (-5.1%)
1.43B
est: 1.57B (-8.6%)
3.07B
est: 1.89B (+61.9%)
2.09B
est: 7.10B (-70.5%)
2.61B
est: 3.96M (+65,702.3%)
4.97B
est: 2.68B (+85.3%)
5.85B
est: 5.31B (+10.1%)
7.79B
est: 6.74B (+15.7%)
6.51B
est: 8.64B (-24.6%)
6.23B
est: 7.19B (-13.3%)
15.65B
est: 5.71B (+174.2%)
7.21B
est: 11.71B (-38.4%)
10.02B
est: 7.91B (+26.8%)
11.64B
est: 11.26B (+3.3%)
9.24B
est: 10.66B (-13.3%)
15.10B
est: 7.31B (+106.5%)
16.60B
est: 8.95B (+85.4%)
14.81B
est: 9.87B (+50.0%)
17.53B
est: 19.44B (-9.8%)
20.34B
est: 21.32B (-4.6%)
22.96B
22.56B – 23.62B
+7.7% YoY
25.86B
25.06B – 27.21B
+12.6% YoY
29.45B
28.48B – 31.40B
+13.9% YoY
32.79B
32.61B – 32.97B
+11.3% YoY
34.68B
33.57B – 36.75B
+5.8% YoY
Net Income
632.65M
est: 722.71M (-12.5%)
1.02B
est: 1.01B (+0.9%)
1.61B
est: 1.41B (+14.4%)
-1.60B
est: 4.13B (-138.8%)
696.00M
est: -1.59B (+143.9%)
3.04B
est: 737.73M (+312.0%)
3.70B
est: 3.40B (+8.7%)
5.81B
est: 4.15B (+40.0%)
4.46B
est: 6.47B (-31.0%)
3.85B
est: 4.79B (-19.5%)
13.00B
est: 3.50B (+271.5%)
4.95B
est: 9.98B (-50.4%)
6.62B
est: 6.54B (+1.3%)
7.88B
est: 8.32B (-5.3%)
7.35B
est: 8.03B (-8.4%)
10.44B
est: 6.58B (+58.7%)
11.96B
est: 8.05B (+48.5%)
10.72B
est: 8.88B (+20.7%)
12.71B
est: 13.92B (-8.7%)
14.72B
est: 14.12B (+4.3%)
15.49B
14.58B – 16.39B
+9.7% YoY
17.84B
16.92B – 19.96B
+15.2% YoY
21.43B
20.05B – 24.10B
+20.1% YoY
23.78B
22.58B – 24.94B
+11.0% YoY
26.11B
25.02B – 28.13B
+9.8% YoY
SGA
3.23B
est: 987.66M (+227.4%)
4.44B
est: 3.49B (+27.2%)
11.78B
est: 4.34B (+171.6%)
13.34B
est: 42.57B (-68.7%)
14.27B
est: 18.96B (-24.7%)
8.48B
est: 19.63B (-56.8%)
10.79B
est: 16.58B (-34.9%)
19.11B
est: 11.06B (+72.8%)
6.71B
est: 12.15B (-44.7%)
15.41B
est: 27.84B (-44.6%)
12.20B
est: 25.22B (-51.6%)
7.50B
est: 17.09B (-56.1%)
10.69B
est: 20.46B (-47.8%)
13.55B
est: 24.92B (-45.6%)
13.15B
est: 24.94B (-47.3%)
10.90B
est: 21.46B (-49.2%)
10.21B
est: 26.27B (-61.1%)
17.70B
est: 28.96B (-38.9%)
21.43B
est: 17.25B (+24.2%)
25.66B
est: 18.91B (+35.7%)
20.37B
20.01B – 20.96B
+7.7% YoY
22.94B
22.23B – 24.14B
+12.6% YoY
26.13B
25.27B – 27.86B
+13.9% YoY
29.09B
28.93B – 29.25B
+11.3% YoY
30.77B
29.78B – 32.61B
+5.8% YoY
EPS
1.21
est: 1.15 (+5.0%)
1.90
est: 1.82 (+4.2%)
2.92
est: 2.77 (+5.5%)
-2.75
est: -0.98 (-181.9%)
1.11
est: 2.26 (-50.9%)
4.87
est: 4.29 (+13.5%)
5.93
est: 6.20 (-4.3%)
9.32
est: 6.69 (+39.4%)
7.15
est: 8.10 (-11.7%)
6.17
est: 7.16 (-13.8%)
20.82
est: 8.03 (+159.4%)
7.91
est: 9.25 (-14.5%)
10.60
est: 11.02 (-3.8%)
12.57
est: 13.55 (-7.2%)
11.75
est: 12.26 (-4.2%)
16.68
est: 16.18 (+3.1%)
19.11
est: 18.99 (+0.6%)
17.11
est: 17.29 (-1.0%)
20.28
est: 22.19 (-8.6%)
23.49
est: 22.83 (+2.9%)
24.64
23.24 – 26.12
+7.9% YoY
28.80
26.96 – 31.80
+16.9% YoY
34.70
31.95 – 38.41
+20.5% YoY
38.18
35.98 – 39.75
+10.0% YoY
41.60
39.87 – 44.83
+9.0% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-06-12 A- 4/5 4/5 5/5 5/5 4/5 1/5 1/5
2026-06-11 A- 4/5 4/5 5/5 5/5 4/5 1/5 1/5
2026-06-10 A- 4/5 4/5 5/5 5/5 4/5 1/5 1/5
2026-06-09 A- 4/5 4/5 5/5 5/5 4/5 1/5 1/5
2026-06-08 A- 4/5 4/5 5/5 5/5 4/5 1/5 1/5
2026-06-05 A- 4/5 4/5 5/5 5/5 4/5 1/5 1/5
2026-06-04 A- 4/5 4/5 5/5 5/5 4/5 1/5 1/5
2026-06-03 A- 4/5 4/5 5/5 5/5 4/5 1/5 1/5
2026-06-02 A- 4/5 4/5 5/5 5/5 4/5 1/5 1/5
2026-06-01 A- 4/5 4/5 5/5 5/5 4/5 1/5 1/5
2026-05-29 A- 4/5 4/5 5/5 5/5 4/5 1/5 1/5
2026-05-27 A- 4/5 4/5 5/5 5/5 4/5 1/5 1/5
2026-05-26 B+ 3/5 3/5 5/5 5/5 4/5 1/5 1/5
2026-05-25 A- 4/5 4/5 5/5 5/5 4/5 1/5 1/5
2026-05-22 B+ 3/5 3/5 5/5 5/5 4/5 1/5 1/5
2026-05-21 A- 4/5 4/5 5/5 5/5 4/5 1/5 1/5
2026-05-20 B+ 3/5 3/5 5/5 5/5 4/5 1/5 1/5
2026-05-19 A- 4/5 3/5 5/5 5/5 4/5 2/5 1/5
2026-05-18 A- 4/5 4/5 5/5 5/5 4/5 2/5 1/5
2026-05-15 A- 4/5 4/5 5/5 5/5 3/5 2/5 1/5
2026-05-14 A- 4/5 4/5 5/5 5/5 3/5 2/5 1/5
2026-05-13 A- 4/5 4/5 5/5 5/5 3/5 2/5 1/5
2026-05-12 A- 4/5 4/5 5/5 5/5 3/5 2/5 1/5
2026-05-11 A- 4/5 4/5 5/5 5/5 3/5 2/5 1/5
2026-05-08 A- 4/5 4/5 5/5 5/5 3/5 2/5 1/5
2026-05-07 A- 4/5 4/5 5/5 5/5 3/5 2/5 1/5
2026-05-06 A- 4/5 4/5 5/5 5/5 3/5 2/5 1/5
2026-05-05 A- 4/5 4/5 5/5 5/5 3/5 2/5 1/5
2026-05-04 A- 4/5 4/5 5/5 5/5 3/5 2/5 1/5
2026-04-30 A- 4/5 4/5 5/5 5/5 3/5 2/5 1/5
2026-04-29 A- 4/5 4/5 5/5 5/5 3/5 2/5 1/5
2026-04-28 A- 4/5 4/5 5/5 5/5 3/5 2/5 1/5
2026-04-27 A- 4/5 4/5 5/5 5/5 3/5 2/5 1/5
2026-04-24 B+ 3/5 4/5 4/5 5/5 2/5 2/5 1/5
2026-04-23 B 3/5 3/5 4/5 5/5 2/5 1/5 1/5
2026-04-22 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-21 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-20 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-17 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-16 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
2.84B
OE per share TTM
4.53
Owner's Yield
0.39%
Maintenance CapEx ratio
17.03%
Maint CapEx / Avg PPE
16.9%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 18 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Vanguard FTSE Emerging Markets UCITS ETF (USD) Distributing VDEM.L 0.03% 1.54M 0.17%
2 Vanguard FTSE Emerging Markets UCITS ETF (USD) Accumulating VFEA.L 0.03% 1.54M 0.17%
3 Schwab Emerging Markets Equity ETF SCHE 0.03% 3.28M 0.06%
4 Vanguard FTSE Emerging Markets All Cap Index ETF VEE.TO 0.02% 758.5K 0.26%
5 Vanguard FTSE Emerging Markets Shares ETF VGE.AX 0.02% 336.3K 0.48%
6 Vanguard FTSE Asia ex Japan Shares Index ETF VAE.AX 0.02% 146.6K 0.40%
7 Vanguard All-World ex-US Shares Index ETF VEU.AX 0.01% 301.0K 0.04%
8 Vanguard FTSE All-World UCITS ETF (USD) Distributing VWRD.L 0.00% 2.96M 0.19%
9 Vanguard FTSE All-World UCITS ETF (USD) Accumulating VWRA.L 0.00% 2.96M 0.19%
10 Vanguard ESG Global All Cap UCITS ETF (USD) Accumulating V3AA.L 0.00% 43.5K 0.24%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
3.14M
Shares Outstanding
627.26M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Anil Rai Gupta Executive Chairman, MD & Chief Executive Officer 387M male
Rajesh Kumar Gupta Group Chief Financial Officer & Executive Whole-Time Director 205M male
Ameet Kumar Gupta Executive Whole-Time Director 195M male
Siddhartha Pandit Head of Legal & Whole-Time Director 16M male
Dipesh Amritlal Shah President & Chief Technology Officer of Havells Center for Research & Innovation — male
Narendra Kumar Choudhary President — male
Pramod Mundra President & CIO — male
Preemita Singh President & CHRO — female
Anil Sharma Head of Corporate Communications, CSR & Sustainability — male
Rajiv Goel Executive President — male
Reshu Madan President & Head of SBU — male
Sanjay Kumar Gupta Senior Vice President, Compliance Officer & Company Secretary — male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits

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