Havells India

Market Cap: Large Cap
Industry: Electronics & Appliances
ISIN: INE176B01034
NSEID: HAVELLS
BSEID: 517354

INR

1,436.55

2.7 (0.19%)

BSENSE

Dec 05

BSE+NSE Vol: 4.48 lacs

{
  "main_header": {
    "sid": 381936,
    "name": "Havells India",
    "stock_name": "Havells India",
    "full_name": "Havells India Ltd.",
    "name_url": "stocks-analysis/havells-india",
    "exchange": 0,
    "exchangecode": "",
    "country_id": 34,
    "currency": "INR",
    "cmp": "1,436.55",
    "chg": 2.7,
    "chgp": "0.19%",
    "dir": 1,
    "prev_price": "1,433.85",
    "mcapval": "89,397.00 Cr",
    "mcap": "Large Cap",
    "scripcode": 517354,
    "symbol": "HAVELLS",
    "ind_name": "Electronics & Appliances",
    "ind_code": 24,
    "indexname": "",
    "isin": "INE176B01034",
    "curr_date": "Dec 05",
    "curr_time": "",
    "bse_nse_vol": "4.48 lacs",
    "exc_status": "Active",
    "traded_date": "Dec 05, 2025",
    "traded_date_str": "2025 12 05",
    "score": "",
    "scoreText": "",
    "Live": 0,
    "market_time": 0,
    "is_blur": 1,
    "is_blur_class": "blur-register-score-header",
    "is_blur_url": "https://www.marketsmojo.com/mojofeed/register?redirect=/stocks-analysis/havells-india-381936-0&utm_source=Spage_Header_Score",
    "mojoone": {
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      "all_data": []
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  "news": {
    "results": [
      {
        "title": "Havells India Sees Revision in Market Evaluation Amidst Mixed Financial Signals",
        "link": "https://www.marketsmojo.com/news/stock-recommendation/havells-india-downgraded-to-sell-by-marketsmojo-amid-earnings-pressure-3730732",
        "imagepath": "https://i.marketsmojo.com/newsimg/2025/11/HavellsIndia_mojoScore_3730732.png",
        "date": "2025-11-26 09:46:59",
        "description": "Havells India has undergone a revision in its market evaluation, reflecting a shift in analytical perspective driven by recent financial and technical developments. Despite maintaining strong quality fundamentals, the company faces challenges in valuation and market momentum, influencing investor sentiment in the Electronics & Appliances sector."
      },
      {
        "title": "Why is Havells India falling/rising?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/why-is-havells-india-fallingrising-3726831",
        "imagepath": "",
        "date": "2025-11-25 01:00:52",
        "description": "    <div class=\"article-news-new\">\n        <div class=\"article-container\">\n\n<div class=\"article-content\">\n\n<p><strong>Recent Price Movement and Market Context</strong></p>\n<p>Havells India’s stock closed at ₹1,423.20, down ₹17.80 on the day, continuing a two-day losing streak that has seen the share price fall by 1.78%. The stock is trading close to its 52-week low, just 4.44% above the lowest price of ₹1,360.05 recorded over the past year. This proximity to the annual low signals investor caution and a lack of upward momentum in the near term.</p>\n<p>Moreover, the stock has underperformed its sector by 0.41% on the day, and it currently trades below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Such technical indicators often suggest bearish sentiment among traders and investors, reinforcing the downward pressure on the share price.</p>\n<p>Despite this, invest..."
      },
      {
        "title": "Havells India Sees Notable Surge in Derivatives Open Interest Amid Market Volatility",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/havells-india-sees-sharp-open-interest-surge-amid-bearish-market-positioning-3721271",
        "imagepath": "https://i.marketsmojo.com/newsimg/2025/11/HavellsIndia_oi_spurts_by_underlying_3721271.png",
        "date": "2025-11-21 15:00:29",
        "description": "Havells India Ltd. has experienced a significant rise in open interest within its derivatives segment, signalling heightened market activity and evolving investor positioning. This development comes as the stock trades near its 52-week low, with volume and liquidity metrics reflecting increased participation amid a cautious market environment."
      },
      {
        "title": "Havells India Ltd. Hits Day Low of Rs 1,442 Amid Price Pressure",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/havells-india-ltd-hits-day-low-of-rs-1442-amid-price-pressure-3676069",
        "imagepath": "https://i.marketsmojo.com/newsimg/2025/11/HavellsIndia_priceRelatedfactors_3676069.png",
        "date": "2025-11-06 15:17:02",
        "description": "Havells India Ltd. saw a significant decline in its stock price on November 6, 2025, marking its second consecutive day of losses. The stock has underperformed its sector and is trading below various moving averages, reflecting a bearish trend. The broader market, represented by the Sensex, also faced challenges."
      },
      {
        "title": "Is Havells India overvalued or undervalued?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/is-havells-india-overvalued-or-undervalued-3672825",
        "imagepath": "",
        "date": "2025-11-05 08:06:05",
        "description": "As of 4 November 2025, Havells India has moved from expensive to fair in its 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 Price to Book Value of 1.07. These ratios indicate that while the company is not undervalued, it is also not excessively priced compared to its recent history.\n\nIn comparison to its peers, Havells India has a significantly higher PE ratio than Polycab India, which stands at 46.24, and KEI Industries at 48.3, both of which are considered expensive. Notably, Finolex Cables, categorized as attractive, has a much lower PE ratio of 19.53, highlighting the relative valuation landscape within the industry. Despite recent underperformance against the Sensex over the past year, where Havells has returned -8.91% compared to the Sensex's 5.94%, its long-term growth potential remains promising with a 497.50% return over the ..."
      },
      {
        "title": "Is Havells India overvalued or undervalued?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/is-havells-india-overvalued-or-undervalued-3668613",
        "imagepath": "",
        "date": "2025-11-04 08:05:28",
        "description": "As of 3 November 2025, Havells India has moved from a fair to an expensive valuation grade. The company is currently considered overvalued, with a PE ratio of 64.29, an EV to EBITDA ratio of 37.61, and a PEG ratio of 17.67. In comparison to its peers, Polycab India has a PE ratio of 46.63 and an EV to EBITDA of 31.04, while KEI Industries shows a PE of 48.15 and an EV to EBITDA of 22.69, indicating that Havells India is trading at a premium relative to these competitors.\n\nDespite a recent stock performance that has outpaced the Sensex over the past week, the longer-term outlook shows a decline, with a year-to-date return of -10.48% compared to the Sensex's 7.47%. This underperformance, coupled with the high valuation ratios, reinforces the conclusion that Havells India is overvalued in the current market context...."
      },
      {
        "title": "Havells India Ltd. Sees Open Interest Surge to 33,878, Up 10.76%",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/havells-india-ltd-sees-open-interest-surge-to-33878-up-1076-3644358",
        "imagepath": "https://i.marketsmojo.com/newsimg/2025/10/HavellsIndia_oi_spurts_by_underlying_3644358.png",
        "date": "2025-10-24 15:00:29",
        "description": "Havells India Ltd. has seen a notable rise in open interest, reaching 33,878 contracts, alongside a trading volume of 25,842 contracts, indicating increased activity in the derivatives market. Despite underperforming its sector, the stock's delivery volume has increased, reflecting heightened investor participation."
      },
      {
        "title": "Are Havells India latest results good or bad?",
        "link": "https://www.marketsmojo.com/news/result-analysis/are-havells-india-latest-results-good-or-bad-3630972",
        "imagepath": "",
        "date": "2025-10-18 19:13:19",
        "description": "Havells India’s latest financial results for Q2 FY2026 present a mixed picture, highlighting both year-on-year growth and sequential challenges. The company reported a net profit of ₹314.18 crores, reflecting a year-on-year increase of 17.13%. However, this represents a sequential decline of 9.65% from the previous quarter. Similarly, revenue for the quarter was ₹4,779 crores, which is a 5.29% increase compared to the same quarter last year, yet it shows a notable decrease of 12.39% from Q1 FY2026.\n\nThe operating margin for Havells stood at 9.17%, down 28 basis points from the previous quarter, although it is an improvement from 8.26% in the same quarter last year. This margin compression over two consecutive quarters raises concerns about the company’s ability to manage costs and pricing pressures effectively, particularly in a competitive environment.\n\nDespite these challenges, Havells maintains a strong ..."
      },
      {
        "title": "How has been the historical performance of Havells India?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/how-has-been-the-historical-performance-of-havells-india-3629970",
        "imagepath": "",
        "date": "2025-10-17 22:39:58",
        "description": "Answer:\nThe historical performance of Havells India shows a consistent growth trajectory in net sales and profits over the years.\n\nBreakdown:\nHavells 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 g..."
      }
    ],
    "total": 246,
    "sid": "381936",
    "stock_news_url": "https://www.marketsmojo.com/news/havells-india-381936"
  },
  "announcements": [
    {
      "caption": "Announcement under Regulation 30 (LODR)-Acquisition",
      "datetime": "26-Nov-2025",
      "details": "Investment into Kundan Solar (Pali) Private Limited",
      "source": "BSE"
    },
    {
      "caption": "Intimation Under Reg 30",
      "datetime": "09-Nov-2025",
      "details": "A Settlement Agreement has been signed between the Company viz Havells India Limited And the HPL Group and its promoters.",
      "source": "BSE"
    },
    {
      "caption": "Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation",
      "datetime": "07-Nov-2025",
      "details": "Havells India Limited shall be participating in UBS India Summit 2025 on 12 Nov 2025 28th CITIC CLSA India Forum 2025 on 18 Nov 2025 Avendus Spark INDX : Annual Investor Conference 2025 and JM Financial India Conference 2025 on 19 Nov 2025 and Morgan Stanley Virtual India Industrials & Energy Seminar on 10 Dec 2025. Details are provided in the signed intimation.",
      "source": "BSE"
    }
  ],
  "corporate_actions": [
    {
      "img": "board-meeting.svg",
      "title": "BOARD MEETING",
      "msg": "<span>No</span> Upcoming Board Meetings",
      "data": []
    },
    {
      "img": "dividend.svg",
      "title": "DIVIDEND",
      "msg": "",
      "data": [
        {
          "txt": "Havells India Ltd. has declared <strong>600%</strong> dividend, ex-date: 23 May 25",
          "dt": "2025-05-23",
          "middle_text": "Dividend Alert"
        }
      ]
    },
    {
      "img": "splits.svg",
      "title": "SPLITS",
      "msg": "",
      "data": [
        {
          "txt": "Havells India Ltd. has announced <strong>1:5</strong> stock split, ex-date: 26 Aug 14",
          "dt": "2014-08-26",
          "middle_text": "Split"
        }
      ]
    },
    {
      "img": "bonus.svg",
      "title": "BONUS",
      "msg": "",
      "data": [
        {
          "txt": "Havells India Ltd. has announced <strong>1:1</strong> bonus issue, ex-date: 08 Oct 10",
          "dt": "2010-10-08",
          "middle_text": "Bonus Alert"
        }
      ]
    },
    {
      "img": "rights-issues.svg",
      "title": "RIGHTS",
      "msg": "No <strong>Rights</strong> history available",
      "data": []
    }
  ]
}

News and Views

Havells India Sees Revision in Market Evaluation Amidst Mixed Financial Signals

2025-11-26 09:46:59

Havells India has undergone a revision in its market evaluation, reflecting a shift in analytical perspective driven by recent financial and technical developments. Despite maintaining strong quality fundamentals, the company faces challenges in valuation and market momentum, influencing investor sentiment in the Electronics & Appliances sector.

Why is Havells India falling/rising?

2025-11-25 01:00:52

Recent Price Movement and Market Context

Havells India’s stock closed at ₹1,423.20, down ₹17.80 on the day, continuing a two-day losing streak that has seen the share price fall by 1.78%. The stock is trading close to its 52-week low, just 4.44% above the lowest price of ₹1,360.05 recorded over the past year. This proximity to the annual low signals investor caution and a lack of upward momentum in the near term.

Moreover, the stock has underperformed its sector by 0.41% on the day, and it currently trades below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Such technical indicators often suggest bearish sentiment among traders and investors, reinforcing the downward pressure on the share price.

Despite this, invest...

Havells India Sees Notable Surge in Derivatives Open Interest Amid Market Volatility

2025-11-21 15:00:29

Havells India Ltd. has experienced a significant rise in open interest within its derivatives segment, signalling heightened market activity and evolving investor positioning. This development comes as the stock trades near its 52-week low, with volume and liquidity metrics reflecting increased participation amid a cautious market environment.

Havells India Ltd. Hits Day Low of Rs 1,442 Amid Price Pressure

2025-11-06 15:17:02

Havells India Ltd. saw a significant decline in its stock price on November 6, 2025, marking its second consecutive day of losses. The stock has underperformed its sector and is trading below various moving averages, reflecting a bearish trend. The broader market, represented by the Sensex, also faced challenges.

Is Havells India overvalued or undervalued?

2025-11-05 08:06:05

As of 4 November 2025, Havells India has moved from expensive to fair in its 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 Price to Book Value of 1.07. These ratios indicate that while the company is not undervalued, it is also not excessively priced compared to its recent history. In comparison to its peers, Havells India has a significantly higher PE ratio than Polycab India, which stands at 46.24, and KEI Industries at 48.3, both of which are considered expensive. Notably, Finolex Cables, categorized as attractive, has a much lower PE ratio of 19.53, highlighting the relative valuation landscape within the industry. Despite recent underperformance against the Sensex over the past year, where Havells has returned -8.91% compared to the Sensex's 5.94%, its long-term growth potential remains promising with a 497.50% return over the ...

Is Havells India overvalued or undervalued?

2025-11-04 08:05:28

As of 3 November 2025, Havells India has moved from a fair to an expensive valuation grade. The company is currently considered overvalued, with a PE ratio of 64.29, an EV to EBITDA ratio of 37.61, and a PEG ratio of 17.67. In comparison to its peers, Polycab India has a PE ratio of 46.63 and an EV to EBITDA of 31.04, while KEI Industries shows a PE of 48.15 and an EV to EBITDA of 22.69, indicating that Havells India is trading at a premium relative to these competitors. Despite a recent stock performance that has outpaced the Sensex over the past week, the longer-term outlook shows a decline, with a year-to-date return of -10.48% compared to the Sensex's 7.47%. This underperformance, coupled with the high valuation ratios, reinforces the conclusion that Havells India is overvalued in the current market context....

Havells India Ltd. Sees Open Interest Surge to 33,878, Up 10.76%

2025-10-24 15:00:29

Havells India Ltd. has seen a notable rise in open interest, reaching 33,878 contracts, alongside a trading volume of 25,842 contracts, indicating increased activity in the derivatives market. Despite underperforming its sector, the stock's delivery volume has increased, reflecting heightened investor participation.

Are Havells India latest results good or bad?

2025-10-18 19:13:19

Havells India’s latest financial results for Q2 FY2026 present a mixed picture, highlighting both year-on-year growth and sequential challenges. The company reported a net profit of ₹314.18 crores, reflecting a year-on-year increase of 17.13%. However, this represents a sequential decline of 9.65% from the previous quarter. Similarly, revenue for the quarter was ₹4,779 crores, which is a 5.29% increase compared to the same quarter last year, yet it shows a notable decrease of 12.39% from Q1 FY2026. The operating margin for Havells stood at 9.17%, down 28 basis points from the previous quarter, although it is an improvement from 8.26% in the same quarter last year. This margin compression over two consecutive quarters raises concerns about the company’s ability to manage costs and pricing pressures effectively, particularly in a competitive environment. Despite these challenges, Havells maintains a strong ...

How has been the historical performance of Havells India?

2025-10-17 22:39:58

Answer: The historical performance of Havells India shows a consistent growth trajectory in net sales and profits over the years. Breakdown: 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 g...

View All News

Announcement

Announcement under Regulation 30 (LODR)-Acquisition

26-Nov-2025 | Source : BSE

Investment into Kundan Solar (Pali) Private Limited

Intimation Under Reg 30

09-Nov-2025 | Source : BSE

A Settlement Agreement has been signed between the Company viz Havells India Limited And the HPL Group and its promoters.

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

07-Nov-2025 | Source : BSE

Havells India Limited shall be participating in UBS India Summit 2025 on 12 Nov 2025 28th CITIC CLSA India Forum 2025 on 18 Nov 2025 Avendus Spark INDX : Annual Investor Conference 2025 and JM Financial India Conference 2025 on 19 Nov 2025 and Morgan Stanley Virtual India Industrials & Energy Seminar on 10 Dec 2025. Details are provided in the signed intimation.