Why is Havells India Ltd. ?
1
Below par performance in long term as well as near term
- Along with generating -18.16% returns in the last 1 year, the stock has also underperformed BSE500 in the last 3 years, 1 year and 3 months
How much should you sell?
- All quantity irrespective of whether you are making profits or losses
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Electronics & Appliances)
When to re-enter? - We will constantly monitor the company and review our call based on new data
Is Havells India for you?
Low Risk, Low Return
Absolute
Risk Adjusted
Volatility
Havells India
-18.16%
-0.80
22.80%
Sensex
-3.74%
-0.28
13.48%
Quality key factors
Factor
Value
Sales Growth (5y)
16.59%
EBIT Growth (5y)
5.97%
EBIT to Interest (avg)
37.43
Debt to EBITDA (avg)
0.18
Net Debt to Equity (avg)
-0.22
Sales to Capital Employed (avg)
2.38
Tax Ratio
23.55%
Dividend Payout Ratio
42.58%
Pledged Shares
0
Institutional Holding
34.67%
ROCE (avg)
31.56%
ROE (avg)
17.82%
Valuation Key Factors 
Factor
Value
P/E Ratio
46
Industry P/E
46
Price to Book Value
8.33
EV to EBIT
43.36
EV to EBITDA
34.84
EV to Capital Employed
10.42
EV to Sales
3.40
PEG Ratio
2.68
Dividend Yield
0.80%
ROCE (Latest)
24.03%
ROE (Latest)
18.23%
Loading Valuation Snapshot...
Technical key factors
Indicator
Weekly
Monthly
MACD
Bearish
Bearish
RSI
No Signal
No Signal
Bollinger Bands
Mildly Bearish
Mildly Bearish
Moving Averages
Bearish (Daily)
KST
Bearish
Bearish
Dow Theory
Mildly Bullish
No Trend
OBV
Mildly Bearish
No Trend
Technical Movement
13What is working for the Company
PBT LESS OI(Q)
At Rs 621.36 cr has Grown at 40.3% (vs previous 4Q average
DEBTORS TURNOVER RATIO(HY)
Highest at 28.52 times
NET SALES(Q)
Highest at Rs 6,705.20 cr
PAT(Q)
Highest at Rs 723.06 cr.
EPS(Q)
Highest at Rs 11.53
0What is not working for the Company
NO KEY NEGATIVE TRIGGERS
Loading Valuation Snapshot...
Here's what is working for Havells India
Profit After Tax (PAT) - Quarterly
At Rs 723.06 cr has Grown at 90.5% (vs previous 4Q average)
over average PAT of the previous four quarters of Rs 379.62 CrMOJO Watch
Near term PAT trend is very positive
PAT (Rs Cr)
Profit Before Tax less Other Income (PBT) - Quarterly
At Rs 621.36 cr has Grown at 40.3% (vs previous 4Q average)
over average PBT of the previous four quarters of Rs 442.76 CrMOJO Watch
Near term PBT trend is very positive
PBT less Other Income (Rs Cr)
Net Sales - Quarterly
Highest at Rs 6,705.20 cr
in the last five quartersMOJO Watch
Near term sales trend is positive
Net Sales (Rs Cr)
Profit After Tax (PAT) - Quarterly
Highest at Rs 723.06 cr.
in the last five quartersMOJO Watch
Near term PAT trend is positive
PAT (Rs Cr)
Earnings per Share (EPS) - Quarterly
Highest at Rs 11.53
in the last five quartersMOJO Watch
Increasing profitability; company has created higher earnings for shareholders
EPS (Rs)
Debtors Turnover Ratio- Half Yearly
Highest at 28.52 times
in the last five half yearly periodsMOJO Watch
Company has been able to settle its Debtors faster
Debtors Turnover Ratio
Here's what is not working for Havells India
Non Operating Income - Quarterly
Highest at Rs 296.25 cr
in the last five quartersMOJO Watch
Increased income from non business activities may not be sustainable
Non Operating Income






