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Havells India Ltd

HAVELLS

Havells India Ltd

HAVELLS
IndustrialsElectrical Components & Equipments
LargecapWith a market cap of ₹1,24,618 cr, stock is ranked 77
Low RiskStock is 1.76x as volatile as Nifty
1,987.800.93% (-18.75)
1,987.800.93% (-18.75)

Price Chart

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Returns
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SIP
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1D
1W
1M
1Y
5Y
Max
SIP
IndustrialsElectrical Components & Equipments
LargecapWith a market cap of ₹1,24,618 cr, stock is ranked 77
Low RiskStock is 1.76x as volatile as Nifty
Scorecard

Performance

Low

Hasn't fared well - amongst the low performers

Valuation

High

Seems to be overvalued vs the market average

Growth

Low

Lagging behind the market in financials growth

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Avg

The stock is overpriced but is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

IndustrialsElectrical Components & Equipments
LargecapWith a market cap of ₹1,24,618 cr, stock is ranked 77
Low RiskStock is 1.76x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
89.5516.730.45%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
51.947.220.45%

Forecast & Ratings

Detailed Forecast 
50%
Analysts have suggested that investors can buy this stock

from 32 analysts

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Havells India Limited is engaged in manufacturing Switchgears, Cable, Lighting and Fixtures, and Electric Consumer Durables.

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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Higher than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 13.05%, vs industry avg of 9.13%

Increasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share increased from 18.86% to 21.3%

Higher than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 10.04%, vs industry avg of -5.51%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue8,596.756,305.888,259.1010,202.089,553.6710,644.6614,098.9217,200.9618,838.9719,823.87
Raw Materialssubtract4,447.893,600.175,125.416,330.525,466.816,789.269,333.9411,972.2511,935.4317,549.53
Power & Fuel Costsubtract80.8775.5275.3886.3392.4484.3299.57119.27135.33
Employee Costsubtract896.00509.01659.54841.72906.71890.631,020.691,281.631,548.51
Selling & Administrative Expensessubtract1,060.45761.321,047.571,262.581,154.06974.621,150.071,653.371,860.89
Operating & Other expensessubtract366.41503.14221.08368.29760.21129.28560.28376.151,228.73
Depreciation/Amortizationsubtract134.40120.51140.49149.38217.97248.91260.89296.17338.50354.23
Interest & Other Itemssubtract91.0113.3424.8316.2551.3690.0966.9255.0684.2145.79
Taxes & Other Itemssubtract219.27228.34302.43359.40168.76393.24410.09375.33436.61482.73
EPS20.837.9210.6012.6011.7516.6919.1117.1120.2822.21
DPS6.003.504.004.504.006.507.507.509.0012.00
Payout ratio0.290.440.380.360.340.390.390.440.440.54

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2021

Annual report

PDF

Investor Presentation

May 20PDF
Jan 20PDF
Oct 29PDF
FY 2022

Annual report

PDF

Investor Presentation

May 4PDF
Jan 20PDF
Oct 20PDF
Jul 21PDF
FY 2023

Annual report

PDF

Investor Presentation

May 3PDF
Jan 19PDF
FY 2024

Annual report

PDF

Investor Presentation

Jul 20PDF
 

Peers & Comparison

Comparing 3 stocks from 
IndustrialsElectrical Components & Equipments

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Havells India Ltd98.0716.730.45%
Polycab India Ltd56.2012.160.45%
Apar Industries Ltd48.6410.350.51%
Kaynes Technology India Ltd191.2714.09

Price Comparison

Compare HAVELLS with any stock or ETF
Compare HAVELLS with any stock or ETF
HAVELLS
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding59.41%3.81%5.74%25.33%5.70%

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Shareholding History

MarJunSepDec '23MarJun23.11%23.78%24.19%23.96%24.83%25.33%

Mutual Funds Holding Trend

Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has almost stayed constant

Top 5 Mutual Funds holding Havells India Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
UTI Flexi Cap Fund - Growth - Direct Plan

Growth
0.2950%1.41%-0.03%16/68 (-2)
HDFC Top 100 Fund - Growth - Direct Plan

Growth
0.2748%0.91%-0.02%35/50 (-2)
Kotak Equity Arbitrage Fund - Growth - Direct Plan

Growth
0.2448%0.58%0.10%103/181 (-2)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

Hmm, looks like there hasn't been any net deal activity in the last 6 months

smallcases

A smallcase is a basket of stocks/ETFs that represents an idea or theme.Diversify your risk and buy smallcases that have Havells India Ltd

Events

Dividend Trend

No Dividend Cuts

Dividends are the portion of earnings that a company distributes to all its shareholders every year

HAVELLS has increased or maintained dividend levels over the last 5 years

Dividend Yield

Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 0.45%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹4.53 every year

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateMay 31, 2024

Final
Final | Div/Share: ₹6.00

Dividend/Share

6.00

Ex DateEx Date

May 31, 2024

Cash Dividend

Ex DateEx DateFeb 1, 2024

-
- | Div/Share: ₹3.00

Dividend/Share

3.00

Ex DateEx Date

Feb 1, 2024

Cash Dividend

Ex DateEx DateFeb 1, 2024

Interim
Interim | Div/Share: ₹3.00

Dividend/Share

3.00

Ex DateEx Date

Feb 1, 2024

Cash Dividend

Ex DateEx DateJun 2, 2023

Final
Final | Div/Share: ₹4.50

Dividend/Share

4.50

Ex DateEx Date

Jun 2, 2023

Cash Dividend

Ex DateEx DateJan 25, 2023

Interim
Interim | Div/Share: ₹3.00

Dividend/Share

3.00

Ex DateEx Date

Jan 25, 2023

News & Opinions
Live Market Update
Indices trim some losses; auto shares slides for 3rd day

The domestic equity benchmarks pared some losses and traded with modest losses in mid-afternoon trade. The Nifty traded above the 25,150 mark. Auto stocks extend losses for the third consecutive trading sessions. At 14:30 IST, the barometer index, the S&P BSE Sensex, slipped 327.04 points or 0.40% to 82,277.60. The Nifty 50 index declined 117.15 points or 0.49% to 25,156. In the broader market, the S&P BSE Mid-Cap index declined 1.07% and the S&P BSE Small-Cap index fell 0.48%. The market breadth was negative. On the BSE, 1,795 shares rose and 2,124 shares fell. A total of 103 shares were unchanged. Economy : Indian service providers signaled that the strong start to the second fiscal quarter continued into August, with business activity expanding to the greatest extent since March as growth of incoming new business ticked higher. Moreover, payroll numbers rose solidly as companies remained upbeat regarding the economic outlook. Another positive development included a slowdown in output charge inflation, which was helped by cost pressures retreating to their lowest in four years. At 60.9 in August, the seasonally adjusted HSBC India Services Business Activity Index was inside expansion territory for the thirty-seventh straight month. Moreover, rising from 60.3 in July, the headline figure indicated the strongest rate of expansion since March and one that was well above its long-run average. According to panel members, growth was underpinned by productivity gains and positive demand trends. The current run of new order growth was also stretched to 37 months in August. The rate of increase quickened marginally from July and was the strongest since April, as more than one-quarter of panelists reported an improvement and only 5% indicated deterioration. August data showed another substantial increase in Indian private sector output. At 60.7, the HSBC India Composite Output Index matched July's reading and therefore remained comfortably above its long-run average of 54.6. Service providers signaled the strongest increase in business activity since March, while goods producers posted the weakest rise in production for seven months. A similar trend was seen for new orders, with the service sector posting a quicker increase as manufacturing saw a slowdown. At the composite level, sales rose substantially during August, though at the weakest pace since May. Trends for input prices were consistent at manufacturing companies and their services counterparts, as both saw cost pressures receded in August. The aggregate rate of inflation retreated to a six-month low. August survey data showed that prices charged for Indian goods and services rose to a lesser extent than in July. Manufacturers continued to note the quicker increase. Buzzing Index: The Nifty Auto index fell 0.79% to 25,829.45. The index declined 1.31% in the three consecutive trading sessions. Mahindra & Mahindra (down 1.73%), Bajaj Auto (down 1.09%), Exide Industries (down 1.07%), Bosch (down 1%) and Tata Motors (down 0.9%), Maruti Suzuki India (down 0.84%), TVS Motor Company (down 0.52%), Eicher Motors (down 0.5%), Samvardhana Motherson International (down 0.37%) and Ashok Leyland (down 0.24%) declined. On the other hand, Balkrishna Industries (up 0.92%) ,Apollo Tyres (up 0.86%) and MRF (up 0.58%) edged higher. Numbers to Track: The yield on India's 10-year benchmark federal advanced 1.56% to 6.977 as compared with previous close 6.984. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 83.9700, compared with its close of 83.9800 during the previous trading session. MCX Gold futures for 4 October 2024 settlement shed 0.47% to Rs 71,042. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.15% to 101.67. The United States 10-year bond yield fell 0.63% to 3.817. In the commodities market, Brent crude for November 2024 settlement lost 20 cents or 0.27% to $73.55 a barrel. Stocks in Spotlight: Havells India shed 0.16%. The company said that it has started commercial production of cable at the company's new facility at Vasanthnarasapura Industrial Area, Tumakuru in the state of Karnataka. Minda Corporation rose 0.29%. The company said that it has signed a technology licensing agreement with China-based Sanco Connecting Technology, a leader in electric vehicle (EV) connection systems. Indian Energy Exchange (IEX) fell 0.68%. The company informed that it has achieved electricity volume (including certificates) of 12,040 million units (MU) in August 2024, registering a growth of 35.8 % YoY basis. Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Spotlight
Havells commences cable production at new unit in Karnataka

The fast moving electrical goods maker further stated that in order to cater to the potential demand for cables, the company has decided to further expand its cable manufacturing capacity in the same facility at Tumakuru, from existing 3,48,000 Kms per annum to 4,62,600 Kms per annum, with an additional investment of around Rs 450 crore. This investment is primarily towards augmentation of our capacity for higher size cables. The production through expansion at Tumakuru is expected to commence by September 2026. The entire investment will be funded through internal accruals. Havells India is a leading fast moving electrical goods (FMEG) company and a major power distribution equipment manufacturer with a strong global presence. The home appliance company's standalone net profit jumped 43.08% to Rs 411.18 crore on 20.2% increase in net revenue to Rs 5,798.11 crore in Q1 FY25 over Q1 FY24. The scrip shed 0.19% to currently trade at Rs 1899 on the BSE. Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Corporate
Havells India scores CG2+ in corporate governance performance

Havells India announced that CARE Analytics and Advisory (CAAPL) has assigned the rating 'CG 2+' (CG Two Plus) to the overall performance of corporate governance of the company. Grading is assigned on a six-point scale with CG 1 being the highest and CG 6 being the lowest. CAAPL's CG grading is a measure of overall performance of the corporate governance on the following broad range of parameters. The CG rating is valid for a term period of one year from the date of issuance.Powered by Capital Market - Live

1 month agoCapital Market - Live

Havells India shares gain 0.87% as Sensex rises

1 month agoEconomic Times

Havells India shares fall 1.31% as Nifty drops

1 month agoEconomic Times

Havells India shares down 0.73% as Sensex falls

1 month agoEconomic Times

White goods to benefit from commodity price inflation, Havells a top pick: ICICI Securities

1 month agoEconomic Times

Havells India shares down 0.13% as Sensex rises

1 month agoEconomic Times

10 Best Immersion Rods Under 1500: Top Picks From Brands Like Havells, Bajaj, Crompton, and More

1 month agoEconomic Times

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1 month agoEconomic Times