Havells India Ltd
HAVELLSHavells India Ltd
HAVELLSPrice Chart
Scorecard
Performance
LowHasn't fared well - amongst the low performers
Valuation
HighSeems to be overvalued vs the market average
Growth
LowLagging behind the market in financials growth
Profitability
HighShowing good signs of profitability & efficiency
Entry point
AvgThe stock is overpriced but is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
72.60 | 13.75 | 0.55% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
49.47 | 6.86 | 0.57% |
Forecast & Ratings
Detailed Forecast from 33 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Havells India Limited is engaged in manufacturing Switchgears, Cable, Lighting and Fixtures, and Electric Consumer Durables.
Investor Presentation
View olderÂPeers
Compare with peersÂPolycab India Ltd
Apar Industries Ltd
Kaynes Technology India Ltd
V Guard Industries Ltd
Olectra Greentech Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
All values in ₹
Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
All values in ₹
Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Revenue | 8,596.75 | 6,305.88 | 8,259.10 | 10,202.08 | 9,553.67 | 10,644.66 | 14,098.92 | 17,200.96 | 18,838.97 | 20,503.26 | ||||||||||
Raw Materials | 4,447.89 | 3,600.17 | 5,125.41 | 6,330.52 | 5,466.81 | 6,789.26 | 9,333.94 | 11,972.25 | 11,935.43 | 18,186.79 | ||||||||||
Power & Fuel Cost | 80.87 | 75.52 | 75.38 | 86.33 | 92.44 | 84.32 | 99.57 | 119.27 | 135.33 | |||||||||||
Employee Cost | 896.00 | 509.01 | 659.54 | 841.72 | 906.71 | 890.63 | 1,020.69 | 1,281.63 | 1,548.51 | |||||||||||
Selling & Administrative Expenses | 1,060.45 | 761.32 | 1,047.57 | 1,262.58 | 1,154.06 | 974.62 | 1,150.07 | 1,653.37 | 1,860.89 | |||||||||||
Operating & Other expenses | 366.41 | 503.14 | 221.08 | 368.29 | 760.21 | 129.28 | 560.28 | 376.15 | 1,228.73 | |||||||||||
EBITDA | 1,745.13 | 856.72 | 1,130.12 | 1,312.64 | 1,173.44 | 1,776.55 | 1,934.37 | 1,798.29 | 2,130.08 | 2,316.47 | ||||||||||
Depreciation/Amortization | 134.40 | 120.51 | 140.49 | 149.38 | 217.97 | 248.91 | 260.89 | 296.17 | 338.50 | 367.67 | ||||||||||
PBIT | 1,610.73 | 736.21 | 989.63 | 1,163.26 | 955.47 | 1,527.64 | 1,673.48 | 1,502.12 | 1,791.58 | 1,948.80 | ||||||||||
Interest & Other Items | 91.01 | 13.34 | 24.83 | 16.25 | 51.36 | 90.09 | 66.92 | 55.06 | 84.21 | 46.54 | ||||||||||
PBT | 1,519.72 | 722.87 | 964.80 | 1,147.01 | 904.11 | 1,437.55 | 1,606.56 | 1,447.06 | 1,707.37 | 1,902.26 | ||||||||||
Taxes & Other Items | 219.27 | 228.34 | 302.43 | 359.40 | 168.76 | 393.24 | 410.09 | 375.33 | 436.61 | 491.52 | ||||||||||
Net Income | 1,300.45 | 494.53 | 662.37 | 787.61 | 735.35 | 1,044.31 | 1,196.47 | 1,071.73 | 1,270.76 | 1,410.74 | ||||||||||
EPS | 20.83 | 7.92 | 10.60 | 12.60 | 11.75 | 16.69 | 19.11 | 17.11 | 20.28 | 22.51 | ||||||||||
DPS | 6.00 | 3.50 | 4.00 | 4.50 | 4.00 | 6.50 | 7.50 | 7.50 | 9.00 | 12.00 | ||||||||||
Payout ratio | 0.29 | 0.44 | 0.38 | 0.36 | 0.34 | 0.39 | 0.39 | 0.44 | 0.44 | 0.53 |
Company Updates
Peers & Comparison
IndustrialsElectrical Components & Equipments
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Havells India Ltd | 80.59 | 13.75 | 0.55% |
Polycab India Ltd | 55.91 | 12.10 | 0.45% |
Apar Industries Ltd | 45.95 | 9.78 | 0.54% |
Kaynes Technology India Ltd | 185.53 | 13.67 | — |
Price Comparison
Compare HAVELLS with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
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) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
---|---|---|---|---|
UTI Flexi Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.3606% | Percentage of the fund’s portfolio invested in the stock 1.42% | Change in the portfolio weight of the stock over the last 3 months -0.02% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 16/70 (-1) |
HDFC Top 100 Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.3577% | Percentage of the fund’s portfolio invested in the stock 0.95% | Change in the portfolio weight of the stock over the last 3 months 0.01% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 34/51 (-1) |
ICICI Prudential Nifty Next 50 Index Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.1737% | Percentage of the fund’s portfolio invested in the stock 2.48% | Change in the portfolio weight of the stock over the last 3 months 0.38% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 21/59 (-3) |
Compare 3-month MF holding change on Screener
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Events
Dividend Trend
No Dividend Cuts
HAVELLS has increased or maintained dividend levels over the last 5 years
Dividend Yield
Current dividend yield is 0.55%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹5.52 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateMay 31, 2024
Dividend/Share
₹6.00
Ex DateEx Date
May 31, 2024
Cash Dividend
Ex DateEx DateFeb 1, 2024
Dividend/Share
₹3.00
Ex DateEx Date
Feb 1, 2024
Cash Dividend
Ex DateEx DateFeb 1, 2024
Dividend/Share
₹3.00
Ex DateEx Date
Feb 1, 2024
Cash Dividend
Ex DateEx DateJun 2, 2023
Dividend/Share
₹4.50
Ex DateEx Date
Jun 2, 2023
Cash Dividend
Ex DateEx DateJan 25, 2023
Dividend/Share
₹3.00
Ex DateEx Date
Jan 25, 2023
Havells India has decided to relocate its Switchgears production capacity from Faridabad location to its existing Switchgear facilities at Sahibabad location to have benefits of synergy and scale. Powered by Capital Market - Live
Net profit of Havells India rose 7.69% to Rs 268.23 crore in the quarter ended September 2024 as against Rs 249.08 crore during the previous quarter ended September 2023. Sales rose 16.38% to Rs 4539.31 crore in the quarter ended September 2024 as against Rs 3900.33 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales4539.313900.33 16 OPM %8.269.57 - PBDT457.88416.50 10 PBT363.26335.32 8 NP268.23249.08 8 Powered by Capital Market - Live
Havells India has allotted 22,662 equity shares of Re 1 each under ESPS on 07 October 2024. Powered by Capital Market - Live
Havells India will hold a meeting of the Board of Directors of the Company on 17 October 2024Powered by Capital Market - Live
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
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
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
Havells India shares gain 0.87% as Sensex rises
Havells India shares fall 1.31% as Nifty drops
Havells India shares down 0.73% as Sensex falls
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 13.05%, vs industry avg of 9.15%
Increasing Market Share
Over the last 5 years, market share increased from 18.93% to 21.21%
Higher than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 10.04%, vs industry avg of -3.05%