Havells India

Why is Havells India Ltd. falling/rising?

As of 21-Jun, Havells India Ltd. is facing a stock price decline to Rs 1,177.35, down 1.34%, attributed to underperformance against its sector and a significant 22.50% drop over the past year. Despite some positive indicators, investor sentiment remains cautious due to the stock's historical declines and bearish trends.

As of 21-Jun, Havells India Ltd. is experiencing a decline in its stock price, currently at Rs 1,177.35, which reflects a change of -16.0 (-1.34%). This downward movement is attributed to several factors. The stock has underperformed its sector by -1.43% today and has been on a consecutive fall for the last two days, accumulating a total decline of -1.57% during this period. Additionally, the stock is currently 4.54% away from its 52-week low, indicating a challenging price environment.<BR><BR>In terms of performance over different periods, the stock has shown a significant decline of -22.50% over the past year, which is considerably worse than the benchmark BSE500, which has only fallen by -5.60% during the same timeframe. This consistent underperformance against the benchmark over the last three years has raised concerns among investors.<BR><BR>While there are positive indicators such as high management efficiency, a net-debt-free status, and strong quarterly growth in profits, these factors have not been sufficient to offset the negative sentiment surrounding the stock's recent performance. The stock's moving averages indicate it is lower than the 50-day, 100-day, and 200-day averages, which can signal bearish trends. Furthermore, despite rising investor participation, the overall market perception remains cautious due to the stock's historical underperformance and significant declines in the past year.

Which are the latest news on Havells India?

Should I buy, sell or hold Havells India Ltd.?

How big is Havells India?

As of 10th June, Havells India Ltd. has a market capitalization of 72,382.00 Cr, with recent net sales of 22,527.77 Cr and a net profit of 1,690.56 Cr. The company has shareholder's funds of 9,455.47 Cr and total assets of 14,746.25 Cr.

As of 10th June, Havells India Ltd. has a market capitalization of 72,382.00 Cr, categorizing it as a Mid Cap company.<BR><BR>In the latest four quarters, Havells India reported Net Sales of 22,527.77 Cr and a Net Profit of 1,690.56 Cr.<BR><BR>For the latest annual period ending March 2026, the company has Shareholder's Funds amounting to 9,455.47 Cr and Total Assets of 14,746.25 Cr.

Who are in the management team of Havells India?

The management team of Havells India includes Anil Rai Gupta (Chairman & Managing Director), Rajesh Gupta (Whole-time Director - Finance), and several other directors, both executive and independent, totaling 15 key members. This diverse team ensures effective oversight and management of the company's operations.

The management team of Havells India includes the following key members:<BR><BR>1. **Anil Rai Gupta** - Chairman & Managing Director<BR>2. **Rajesh Gupta** - Whole-time Director (Finance)<BR>3. **Ameet Kumar Gupta** - Whole-time Director<BR>4. **Siddhartha Pandit** - Whole-time Director<BR>5. **Surjit Gupta** - Non-Executive & Non-Independent Director<BR>6. **T V Mohandas Pai** - Non-Executive & Non-Independent Director<BR>7. **Puneet Bhatia** - Non-Executive & Non-Independent Director<BR>8. **Jalaj Ashwin Dani** - Non-Executive & Independent Director<BR>9. **U K Sinha** - Non-Executive & Independent Director<BR>10. **S S Mundra** - Non-Executive & Independent Director<BR>11. **B Prasada Rao** - Non-Executive & Independent Director<BR>12. **Vivek Mehra** - Non-Executive & Independent Director<BR>13. **Namrata Kaul** - Non-Executive & Independent Director<BR>14. **Ashish Bharat Ram** - Non-Executive & Independent Director<BR>15. **Sanjay Kumar Gupta** - Company Secretary & Compliance Officer<BR><BR>This diverse team brings a mix of executive and independent oversight to the company's operations.

Who are the peers of the Havells India?

Havells India's peers include Dixon Technologies, Voltas, Blue Star, Amber Enterprises, Crompton Greaves Consumer, PG Electroplast, V-Guard Industries, Whirlpool India, and Eureka Forbes. In terms of management risk, growth, and capital structure, Havells shows good management risk and excellent capital structure, with a 1-year return of -27.15%.

Peers: The peers of Havells India are Dixon Technolog., Voltas, Blue Star, Amber Enterp., Crompton Gr. Con, PG Electroplast, V-Guard Industri, Whirlpool India, and Eureka Forbes.<BR><BR>Quality Snapshot: Excellent management risk is observed at Dixon Technolog. and Blue Star, while Good management risk is found at Havells India, Crompton Gr. Con, and V-Guard Industri, and Average management risk is noted at Voltas, Amber Enterp., PG Electroplast, and Whirlpool India. For Growth, Excellent growth is seen at Dixon Technolog., Blue Star, Amber Enterp., and Eureka Forbes, while Average growth is noted at Havells India, and Below Average growth is found at Voltas, Crompton Gr. Con, and V-Guard Industri. In terms of Capital Structure, Excellent capital structure is observed at Havells India, Voltas, Blue Star, Crompton Gr. Con, and V-Guard Industri, while Good capital structure is noted at Dixon Technolog., and Average capital structure is found at Amber Enterp. and PG Electroplast.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Amber Enterp. at 13.07%, while Whirlpool India has the lowest at -42.63%. Havells India's own 1-year return is -27.15%, which is better than Whirlpool's but worse than Amber's. Additionally, the six-month return is negative for Dixon Technolog., Blue Star, PG Electroplast, V-Guard Industri, Whirlpool India, and Eureka Forbes.

What does Havells India do?

Havells India Ltd. is a mid-cap manufacturer of consumer electrical and electronics products, reporting net sales of ₹6,705 Cr and a net profit of ₹723 Cr for the quarter ending March 2026. Key metrics include a P/E ratio of 42.00 and a dividend yield of 0.87%.

Overview:<BR>Havells India Ltd. is a fast-moving consumer electrical and electronics manufacturer operating in the Electronics & Appliances industry within the Mid Cap market-cap bracket.<BR><BR>History:<BR>Havells India Ltd. was incorporated in an unspecified year and has undergone status changes over time. The latest quarterly results reported net sales and net profit for the period ending March 2026.<BR><BR>Financial Snapshot:<BR>- Net Sales: 6,705 Cr (Quarterly Results - Mar 2026)<BR>- Net Profit: 723 Cr (Quarterly Results - Mar 2026)<BR>- Market Cap: INR 72,382 Cr (Mid Cap)<BR><BR>Key Metrics:<BR>- P/E: 42.00<BR>- Industry P/E: 48<BR>- Dividend Yield: 0.87%<BR>- Debt Equity: -0.22<BR>- Return on Equity: 18.23%<BR>- Price to Book: 7.64<BR><BR>Contact Details:<BR>- Address: 904 9th Floor Surya Kiran Bldg, Kasturba G Marg Connaught Place New Delhi Delhi : 110001<BR>- Phone: 91-120-4771000<BR>- Email: investors@havells.com<BR>- Website: http://www.havells.com

Are Havells India Ltd. latest results good or bad?

Havells India Ltd. reported strong fourth-quarter results for FY26, with a net profit of ₹723.06 crore, up 140.39% quarter-on-quarter and 39.63% year-on-year, alongside a 20% increase in net sales. While the results are positive, driven partly by exceptional income, investors should be cautious about the sustainability of this performance.

Havells India Ltd. has reported impressive results for the fourth quarter of FY26, indicating a strong performance. The company achieved a net profit of ₹723.06 crore, which reflects a remarkable increase of 140.39% quarter-on-quarter and a 39.63% increase year-on-year. This surge in profit is supported by a significant rise in net sales, which reached ₹6,705.20 crore, marking a 20.00% growth from the previous quarter and a 2.47% increase compared to the same quarter last year.<BR><BR>The operating margin also showed improvement, rising to 10.88%, up 164 basis points from the previous quarter, although it is slightly down from the year-ago level. The company’s return on equity stands at a solid 18.25%, indicating strong capital efficiency.<BR><BR>Overall, the results indicate a positive trend for Havells, showcasing strong operational execution and a robust demand across its product categories. However, it's important to note that a significant portion of the profit increase was driven by exceptional other income, which may not be sustainable in the long term. Thus, while the latest results are certainly good, investors should remain cautious about the sustainability of such performance moving forward.

Has Havells India Ltd. declared dividend?

Yes, Havells India Ltd. has declared a dividend of 400% (₹6 per share), with an ex-date of January 23, 2026. While recent total returns have been negative, longer-term performance shows positive growth.

Havells India Ltd. has declared a dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 400%<BR>- Amount per share: 6<BR>- Ex-date: 23 Jan 26<BR><BR>Dividend Yield: 0.74%<BR><BR>Total Returns by Period:<BR>In the last 3 months, the price return was -11.36%, the dividend return was 0.27%, resulting in a total return of -11.09%.<BR><BR>Over the past 6 months, the price return was -14.32%, the dividend return was 0.26%, leading to a total return of -14.06%.<BR><BR>In the 1-year period, the price return was -16.44%, the dividend return was 0.66%, which resulted in a total return of -15.78%.<BR><BR>For the 2-year period, the price return was -4.19%, the dividend return was 1.52%, culminating in a total return of -2.67%.<BR><BR>In the last 3 years, the price return was 14.15%, the dividend return was 2.29%, resulting in a total return of 16.44%.<BR><BR>Over the past 4 years, the price return was 5.95%, the dividend return was 2.98%, leading to a total return of 8.93%.<BR><BR>In the 5-year period, the price return was 16.2%, the dividend return was 3.41%, resulting in a total return of 19.61%.<BR><BR>Overall, Havells India Ltd. has declared a significant dividend, and while the recent total returns over shorter periods have been negative, longer-term returns show positive growth, indicating potential resilience in the company's performance.

Is Havells India overvalued or undervalued?

As of November 4, 2025, Havells India is fairly valued with a PE ratio of 63.59, but has underperformed the Sensex with an 11.46% decline year-to-date, despite being more attractively valued than peers like Polycab India and Finolex Cables.

As of 4 November 2025, Havells India has moved from an expensive to a fair valuation grade. The company is currently fairly valued, with a PE ratio of 63.59, an EV to EBITDA ratio of 37.13, and a PEG ratio of 17.48. In comparison to its peers, Polycab India is considered very expensive with a PE ratio of 46.24, while Finolex Cables is rated as attractive with a PE of 19.53.<BR><BR>Despite its fair valuation, Havells India has underperformed the Sensex in the year-to-date period, showing a decline of 11.46% compared to the Sensex's gain of 6.81%. This trend may indicate that while the stock is fairly valued relative to its peers, market sentiment and performance could be impacting its attractiveness to investors.

How has been the historical performance of Havells India?

Havells India has shown consistent growth from March 2020 to March 2025, with net sales increasing from INR 9,440.26 crore to INR 21,778.06 crore, and profit after tax rising from INR 735.35 crore to INR 1,472.26 crore. The company's earnings per share improved from INR 11.75 to INR 23.48 during this period.

Answer:<BR>The historical performance of Havells India shows a consistent growth trajectory in net sales and profits over the years.<BR><BR>Breakdown:<BR>Havells India's net sales have increased significantly from INR 9,440.26 crore in March 2020 to INR 21,778.06 crore in March 2025, reflecting a strong upward trend. The total operating income followed a similar pattern, rising from INR 9,440.26 crore in March 2020 to INR 21,778.06 crore in March 2025. The company's operating profit (PBDIT) also demonstrated growth, moving from INR 1,142.06 crore in March 2020 to INR 2,434.13 crore in March 2025. Profit before tax increased from INR 904.37 crore in March 2020 to INR 1,990.49 crore in March 2025, while profit after tax rose from INR 735.35 crore to INR 1,472.26 crore during the same period. The earnings per share (EPS) improved from INR 11.75 in March 2020 to INR 23.48 in March 2025. On the balance sheet, total assets grew from INR 7,073.45 crore in March 2020 to INR 13,809.41 crore in March 2025, and total liabilities increased from INR 7,073.45 crore to INR 13,809.41 crore over the same timeframe. The cash flow from operating activities showed a positive trend, reaching INR 1,515 crore in March 2025, compared to INR 826 crore in March 2020. Overall, Havells India has demonstrated robust growth in sales, profits, and asset base over the past several years.

Is Havells India technically bullish or bearish?

As of 13 October 2025, Havells India is in a bearish trend with moderate strength, indicated by bearish MACD and Bollinger Bands, and a year-to-date return of -12.08%, underperforming the Sensex's 5.36%.

As of 13 October 2025, the technical trend for Havells India has changed from mildly bearish to bearish. The current stance is bearish with moderate strength. Key indicators driving this include a bearish MACD on the weekly timeframe, bearish Bollinger Bands on both weekly and monthly timeframes, and a bearish moving average on the daily timeframe. The KST shows mildly bullish on the weekly but is bearish monthly, indicating mixed signals. Overall, the bearish trend is reinforced by the stock's recent performance, underperforming the Sensex across multiple timeframes, particularly with a year-to-date return of -12.08% compared to the Sensex's 5.36%.

Who are the top shareholders of the Havells India?

The top shareholders of Havells India include Qrg Investments And Holdings Limited with 41.25%, foreign institutional investors holding 22.31%, and mutual funds with 5.44%. The Life Insurance Corporation of India is the largest individual shareholder at 4.43%, while individual investors hold 4.44%.

The top shareholders of Havells India include several key players. The majority of the shares are held by promoters, with Qrg Investments And Holdings Limited being the largest promoter, holding 41.25%. Additionally, foreign institutional investors (FIIs) have a significant stake, owning 22.31% through 786 different entities. Mutual funds collectively hold 5.44% across 35 schemes. On the public side, the highest individual shareholder is the Life Insurance Corporation Of India, which holds 4.43%. Individual investors also account for 4.44% of the shares. Overall, the ownership structure reflects a strong presence of both promoters and institutional investors.

When is the next results date for Havells India?

No Upcoming Board Meetings

What is the bonus history of the Havells India?

Havells India has issued bonus shares twice, with a 1:1 bonus on October 8, 2010, and another 1:1 bonus on July 20, 2006, reflecting its commitment to rewarding shareholders.

Havells India has a history of issuing bonus shares on two occasions. The most recent bonus issue was a 1:1 ratio announced on October 8, 2010, with a record date of October 11, 2010. Prior to that, the company also issued a 1:1 bonus on July 20, 2006, with a record date of July 21, 2006. This indicates a consistent approach to rewarding shareholders through bonus shares.