HAVELLS
Havells India Limited (HAVELLS) Stock Analysis
Havells India Limited is a leading Indian electrical equipment company making switchgear, cables, lighting, and appliances. It sells fans, water heaters, and distribution products nationwide through dealers. The company is known for strong branding and distribution. It is listed on Indian stock exchanges.
Industrials › Electrical Equipment & Parts
₹1,041.50
+0.14% 1W | -31.60% 52W
Market Cap
65.4k CR
P/E Ratio
40
52W High
₹1520
52W Low
₹1015.1
Div. Yield
1.17%
Beta
0.3
50 DMA
₹1176.8
200 DMA
₹1248.3
Profit Margin
6.9%
Inst. Own.
22.9%
📉 CONSOLIDATING DOWN
⚠️ BREAKDOWN
Fundamentals
Profit & Loss
| Metric | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 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 |
| Expenses | 4,432 | 3,527 | 3,981 | 4,807 | 5,234 | 4,164 | 4,462 | 5,787 | 4,940 | 4,341 | 5,072 | 5,976 | 6,052 |
| Operating Profit | 402 | 373 | 433 | 635 | 572 | 375 | 426 | 757 | 516 | 438 | 516 | 729 | 466 |
| OPM % | 8% | 10% | 10% | 12% | 10% | 8% | 9% | 12% | 9% | 9% | 9% | 11% | 7% |
| Other Income | 65 | 52 | 56 | 76 | 77 | 93 | 64 | 69 | 69 | 91 | 9 | 310 | 54 |
| Interest | 8 | 9 | 10 | 18 | 9 | 10 | 9 | 15 | 9 | 9 | 9 | 10 | 7 |
| Depreciation | 76 | 81 | 88 | 93 | 92 | 95 | 104 | 110 | 106 | 106 | 109 | 112 | 121 |
| Profit before tax | 382 | 335 | 391 | 599 | 549 | 363 | 377 | 701 | 470 | 415 | 408 | 918 | 392 |
| Tax % | 25% | 26% | 26% | 25% | 26% | 26% | 26% | 26% | 26% | 23% | 26% | 21% | 26% |
| Net Profit | 287 | 249 | 288 | 447 | 408 | 268 | 278 | 517 | 348 | 318 | 300 | 723 | 290 |
| EPS in Rs | 4.58 | 3.97 | 4.59 | 7.13 | 6.51 | 4.28 | 4.44 | 8.26 | 5.55 | 5.09 | 4.80 | 11.53 | 4.63 |
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 8,468 | 7,594 | 6,130 | 8,116 | 10,073 | 9,440 | 10,457 | 13,938 | 16,911 | 18,590 | 21,778 | 22,528 | 23,591 |
| Expenses | 7,713 | 6,798 | 5,315 | 7,083 | 8,885 | 8,373 | 8,868 | 12,163 | 15,290 | 16,709 | 19,603 | 20,286 | 21,440 |
| Operating Profit | 755 | 796 | 815 | 1,033 | 1,189 | 1,067 | 1,589 | 1,775 | 1,621 | 1,881 | 2,175 | 2,241 | 2,150 |
| OPM % | 9% | 10% | 13% | 13% | 12% | 11% | 15% | 13% | 10% | 10% | 10% | 10% | 9% |
| Other Income | 48 | 949 | 42 | 97 | 124 | 106 | 187 | 159 | 178 | 249 | 288 | 479 | 464 |
| Interest | 96 | 91 | 13 | 25 | 16 | 51 | 90 | 67 | 55 | 84 | 72 | 79 | 35 |
| Depreciation | 139 | 134 | 121 | 140 | 149 | 218 | 249 | 261 | 296 | 338 | 400 | 432 | 447 |
| Profit before tax | 569 | 1,520 | 723 | 965 | 1,147 | 904 | 1,438 | 1,607 | 1,447 | 1,707 | 1,990 | 2,210 | 2,132 |
| Tax % | 32% | 14% | 32% | 31% | 31% | 19% | 27% | 26% | 26% | 26% | 26% | 24% | |
| Net Profit | 385 | 1,300 | 494 | 661 | 788 | 735 | 1,044 | 1,196 | 1,072 | 1,271 | 1,470 | 1,689 | 1,631 |
| EPS in Rs | 6.17 | 20.82 | 7.91 | 10.60 | 12.59 | 11.75 | 16.68 | 19.10 | 17.11 | 20.28 | 23.48 | 26.95 | 26.05 |
| Dividend Payout % | 49% | 29% | 44% | 4% | 36% | 34% | 39% | 39% | 44% | 44% | 43% | 37% |
Growth — CAGR
| Metric | 3Y | 5Y | 10Y |
|---|---|---|---|
| Revenue CAGR | 10.0% | 17.0% | 11.0% |
| Profit CAGR | 16.0% | 11.0% | 12.0% |
Shareholding Pattern
Promoters59.38%
FIIs21.59%
DIIs13.18%
Public5.62%
Promoters59.38%
FIIs19.28%
DIIs15.35%
Public5.81%
Promoters59.38%
FIIs17.96%
DIIs16.53%
Public5.95%
Promoters59.38%
FIIs16.93%
DIIs17.50%
Public5.96%
Promoters59.35%
FIIs15.91%
DIIs18.04%
Public6.47%
Promoters59.45%
FIIs23.11%
DIIs10.27%
Public7.05%
Promoters59.43%
FIIs24.83%
DIIs9.77%
Public5.85%
Promoters59.41%
FIIs22.31%
DIIs12.63%
Public5.52%
Promoters59.38%
FIIs16.93%
DIIs17.50%
Public5.96%
Promoters59.35%
FIIs15.91%
DIIs18.04%
Public6.47%
HAVELLS
Holdings Analysis
Key strengths & risk signals
57
Overall
76
Fundamental
39
Technical
Risks (4)
LOW MARGIN! 6.9% profit margin - thin profits.
POOR YEAR! Stock declined 31.6% in the last year.
WEAK POSITION! Current price (1041.5) is below both moving averages.
WEAK! Trading at 5.2% of 52W range - near yearly lows.
Strengths (3)
PERFECT RECORD! Revenue has grown consistently every year. Exceptional business stability.
LOW VOLATILITY! Beta of 0.30 - stable stock, less market risk.
APPROACHING OVERSOLD! RSI at 36.8 - watch for reversal.
Fundamental & Technical Analysis
57Overall
76Fundamental
39Technical
Fundamental Breakdown
Growth Quality
21/30
Revenue CAGR: 9.9% (MODERATE, 8/15). Profit CAGR: 16.4% (VERY GOOD, 13/15).
Profit Margin
3/10
LOW MARGIN! 6.9% profit margin - thin profits.
PEG Valuation
7/10
OVERVALUED! PEG of 2.44 means expensive relative to growth rate.
Dividend Yield
5/10
LOW DIVIDEND! 1.17% yield - minimal income contribution.
Debt to Equity
10/10
VERY LOW DEBT! D/E of 0.04 - excellent financial health.
Public Holding
20/20
VERY LESS PUBLIC HOLDING! 6.95% public ownership - strong promoter/institutional control.
Stability Index
10/10
PERFECT RECORD! Revenue has grown consistently every year. Exceptional business stability.
Technical Breakdown
Moving Averages
5/10
BEARISH TREND! 50-day average (1176.8) is below 200-day average (1248.3) - negative signal.
Price Position
2/10
WEAK POSITION! Current price (1041.5) is below both moving averages.
Trend Pattern
10/20
BREAKDOWN! Stock has broken below support levels - weakness present.
52W Performance
0/10
POOR YEAR! Stock declined 31.6% in the last year.
Volume Sentiment
10/30
BEARISH SENTIMENT! In last 30 days: 12 up days, 18 down days. Avg volume on up days: 765,297 vs down days: 966,892. Ratio: 0.79x
RSI
4/5
APPROACHING OVERSOLD! RSI at 36.8 - watch for reversal.
52W Range
1/5
WEAK! Trading at 5.2% of 52W range - near yearly lows.
Momentum
2/5
WEAK MOMENTUM! Limited price growth - 0.1% (1 week), -7.0% (1 month), -12.4% (3 months).
Beta
5/5
LOW VOLATILITY! Beta of 0.30 - stable stock, less market risk.
HAVELLS
Concall / Investor Presentation
Earnings call transcripts & AI summaries
| Quarter | Concall | Summary |
|---|---|---|
| Q1FY272026-07-21 | Concall PDF | |
| Q4FY262026-04-26 | Concall PDF | |
| Q3FY262026-01-22 | Concall PDF | |
| Q1FY262025-10-22 | Concall PDF |
Peer Comparison
Industrials · Electrical Equipment & Parts · 8 stocks
| Stock | Price | P/E | Profit Margin | Revenue CAGR 5Y | Profit CAGR 5Y | 52W Change | Stock Strength | Trendline | YoY Profit | QoQ Profit | YoY Revenue | QoQ Revenue |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HAVELLS | ₹1,041.50 | 40 | 6.9% | 9.9% | 16.4% | -31.6% | 57 | BREAKDOWN | -16.5% | -59.8% | +19.5% | -2.8% |
| APARINDS | ₹17,984.00 | 60.1 | 4.8% | 17.0% | 15.3% | +116.6% | 78 | APPROACHING RESISTANCE | +77.8% | +84.5% | +29.2% | -0.1% |
| KEI | ₹4,585.00 | 44 | 8.1% | 19.1% | 24.4% | +7.1% | 62 | CONSOLIDATING DOWN | +40.1% | -3.6% | +23.0% | -8.4% |
| RRKABEL | ₹2,705.60 | 50.4 | 5.6% | 20.1% | 37.4% | +111.9% | 77 | CONSOLIDATING UP | +128.8% | +22.1% | +53.9% | +6.9% |
| HONAUT | ₹32,495.00 | 52.1 | 11.7% | 10.9% | 6.2% | -8.0% | 68 | APPROACHING SUPPORT | +20.9% | -5.6% | +1.8% | +2.0% |
| SCHNEIDER | ₹1,176.90 | 153 | 6.3% | 17.6% | 19.8% | +51.5% | 71 | BREAKDOWN | -69.9% | -43.6% | +4.8% | +10.5% |
| FINCABLES | ₹1,388.70 | 26.5 | 11.5% | 11.8% | 12.3% | +74.6% | 78 | CONSOLIDATING UP | +53.1% | +11.0% | +44.3% | +3.2% |
| POLYCAB | ₹8,255.00 | 42.5 | 9.2% | 26.6% | 28.1% | +7.5% | 66 | CONSOLIDATING DOWN | +32.5% | +1.5% | +39.0% | -7.4% |
Data from TradeAlone · Updated daily
