Havells India Limited
Havells India Limited, a fast-moving electrical goods company, manufactures, trades in, and sells various consumer electrical and electronic products in India and internationally. The company operates through six segments: Switchgears, Cables, Lighting and Fixtures, Electrical Consumer Durables, Lloyd Consumer, and Others. It offers switches; switchgears, such as circuit breakers, energy savers, human safety equipment, distribution boards, surge protection devices, and control and monitoring devices, as well as magnetic contractor, thermal overload relays, switchgear, circuit breakers, and starters; lighting products; and home appliances, including air conditioners, LED televisions, washing machines, refrigerators, air coolers and purifiers, appliances, personal grooming products, water heaters and purifiers, and geysers. The company also provides flexible, power, control, and fire survival cables; fans comprising ceiling, table, pedestal, wall, ceiling mounting, personal, and domestic exhaust fans; centrifugal, mono block, submersible, borewell and sewage submersible, pressure, and shallow well jet pumps; dishwashers; air circulators; and heavy-duty exhaust fans. In addition, it offers crane duty, smoke, brake, inverter duty, and energy motors; solar rooftop on grid, solar off grid, and solar on grid inverter solutions; and power solutions, including power capacitors, IOT enabled IPFC relays, HD harmonic detuned reactors, IOT enabled APFC panels, and high PIV thyristor switches. The company offers its products under the Havells, Lloyd, Havells Crabtree, REO, and Havells Studio brands. Havells India Limited was founded in 1958 and is based in Noida, India.
Valuation
Profitability
Returns
Solvency
AI Summary
Indian StockStrengths1
- Healthy return on equity of 17.1%
Concerns0
Rule-based from financial data. Not advice.
Monthly Returns
Year-to-Date ROI
Historical Volatility
Historical Performance
Revenue, profitability, and cash flow trends (βΉ Crores)
Revenue (10Y)
Operating Income (10Y)
Net Profit (10Y)
Operating Margin % (10Y)
Dividend Payout % (10Y)
Free Cash Flow (10Y)
Growth Summary
Latest fiscal year: Mar 2025
Historical Growth
Year-by-year revenue, profitability, and cash flow (βΉ Crores, last 10 years)
| Year | Revenue | Op. Income | Net Profit | CFO | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|---|
| Mar 2025 | βΉ21.75 K Cr | β | βΉ1.49 K Cr | β | β | 17.9% | 17.2% | 17.0% |
| Mar 2024 | βΉ18.55 K Cr | β | βΉ1.27 K Cr | β | β | 17.1% | 10.0% | 18.4% |
| Mar 2023 | βΉ16.87 K Cr | β | βΉ1.07 K Cr | β | β | 16.3% | 21.4% | -10.0% |
| Mar 2022 | βΉ13.89 K Cr | β | βΉ1.20 K Cr | β | β | 20.0% | 33.2% | 14.9% |
| Mar 2021 | βΉ10.43 K Cr | β | βΉ1.04 K Cr | β | β | 20.1% | 10.6% | 41.9% |
| Mar 2020 | βΉ9.43 K Cr | β | βΉ733.00 Cr | β | β | 17.0% | -6.3% | -6.9% |
| Mar 2019 | βΉ10.07 K Cr | β | βΉ787.00 Cr | β | β | 18.8% | 23.7% | 10.4% |
| Mar 2018 | βΉ8.14 K Cr | β | βΉ713.00 Cr | β | β | 19.1% | 33.2% | 32.3% |
| Mar 2017 | βΉ6.11 K Cr | β | βΉ539.00 Cr | β | β | 16.5% | 14.0% | -24.3% |
| Mar 2016 | βΉ5.36 K Cr | β | βΉ712.00 Cr | β | β | 24.1% | 3.6% | 53.1% |
Financial Statements
Income statement, balance sheet, and cash flow (βΉ Crores, as reported)
Consolidated Figures in USD Millions.
| Unnamed: 0 | TTM |
|---|---|
| Revenue / Net Sales | 21,619 |
| Total Expenses | 19,465 |
| EBIT / Operating Profit | 2,154 |
| OPM % | 10% |
| Other Income | 288 |
| Finance Costs | 43 |
| Depreciation & Amortisation | 422 |
| Profit Before Tax | 1,977 |
| Tax % | - |
| Net Profit / PAT | 1,475 |
| EPS (βΉ) | 23.52 |
| Dividend Payout % | - |
Peer Comparison
Consumer Discretionary sector peers, ranked by market cap
| Company | Market Cap | Revenue | P/E | P/B | EV/EBITDA | Rev G 1Y |
|---|---|---|---|---|---|---|
| Havells India Limitedthis co. | βΉ89.81 K Cr | βΉ21.75 K Cr | 60.90 | 10.38 | 41.49 | 17.2% |
| Titan Company Limited | βΉ3.76 L Cr | βΉ54.84 K Cr | 96.60 | 21.09 | 69.49 | 16.4% |
| Eternal Limited | βΉ2.84 L Cr | βΉ8.62 K Cr | 120.00 | 7.95 | 193.91 | 30.1% |
| Avenue Supermarts Limited | βΉ2.49 L Cr | βΉ57.79 K Cr | 79.80 | 10.46 | 57.86 | 16.7% |
| Trent Ltd [Lakme Ltd] | βΉ1.39 L Cr | βΉ16.67 K Cr | 82.40 | 21.09 | 49.02 | 39.8% |
| Marico Limited | βΉ98.15 K Cr | βΉ7.58 K Cr | 52.30 | 19.38 | 63.51 | 8.3% |
| SWIGGY LIMITED | βΉ96.87 K Cr | βΉ8.80 K Cr | β | 7.26 | -63.92 | 38.0% |
| Industry Average | β | βΉ4.70 K Cr | 80.04 | 7.96 | 62.25 | 24.3% |