ScoreWhy is Havells India Ltd. ?
1
High Management Efficiency with a high ROE of 17.82%
2
The company is Net-Debt Free
3
Positive results in Mar 26
- PAT(Q) At Rs 723.06 cr has Grown at 90.5% (vs previous 4Q average)
- 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
4
With ROE of 18.2, it has a Attractive valuation with a 7.8 Price to Book Value
- The stock is trading at a discount compared to its peers' average historical valuations
- Over the past year, while the stock has generated a return of -23.07%, its profits have risen by 17.1% ; the PEG ratio of the company is 2.5
5
High Institutional Holdings at 34.67%
- These investors have better capability and resources to analyse fundamentals of companies than most retail investors.
6
Below par performance in long term as well as near term
- Along with generating -23.07% returns in the last 1 year, the stock has also underperformed BSE500 in the last 3 years, 1 year and 3 months
7
With its market cap of Rs 73,850 cr, it is the second biggest company in the sector (behind Polycab India)and constitutes 19.15% of the entire sector
- Its annual Sales of Rs 22,527.77 are 22.21% of the industry
Real-Time Research ReportHow much should you hold?
- Overall Portfolio exposure to Havells India should be less than 10%
- Overall Portfolio exposure to Electronics & Appliances should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Electronics & Appliances)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is Havells India for you?
Medium Risk, Low Return
Absolute
Risk Adjusted
Volatility
Havells India
-23.07%
-0.99
23.35%
Sensex
-6.45%
-0.49
13.28%
Quality
Management Risk
Growth
Capital StructureQuality 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
37.11%
Pledged Shares
0
Institutional Holding
34.67%
ROCE (avg)
31.56%
ROE (avg)
17.82%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
43
Industry P/E
50
Price to Book Value
7.84
EV to EBIT
40.73
EV to EBITDA
32.74
EV to Capital Employed
9.79
EV to Sales
3.20
PEG Ratio
2.53
Dividend Yield
0.85%
ROCE (Latest)
24.03%
ROE (Latest)
18.23%
Loading Valuation Snapshot...
TechnicalsTechnical 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
No Trend
Mildly Bearish
OBV
No Trend
Bearish
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend13What is working for the Company
PAT(Q)
At Rs 723.06 cr has Grown at 90.5% (vs previous 4Q average
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
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
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