Havells India Limited

Consumer Durables · Consumer Durables

NSE: HAVELLS BSE: 517354

₹1016.00

Sept. 30, 2026 · NSE · nse_bhavcopy

Peers in Consumer Durables

The largest companies in the same industry by market cap. This company ranks #5 of 214. PE, ROE, 1Y return and scores come from the daily/weekly precomputed snapshot.

Company	Market cap (₹ Cr)	PE (TTM)	ROE	1Y return	Div. yield	Quality	Valuation	Momentum
Titan Company Limited	407,228	76.4	32.3%	34.6%	—	72	26	27
Asian Paints Limited	230,457	49.8	20.0%	2.9%	—	87	0	62
LG Electronics India Limited	116,986	64.1	—	—	—	85	0	87
Dixon Technologies (India) Limited	80,023	63.9	30.5%	-20.4%	—	92	33	30
Havells India Limited (this stock)	63,760	38.6	17.8%	-31.6%	—	74	13	8
Kalyan Jewellers India Limited	57,126	42.3	21.4%	18.9%	0.45%	66	33	29
Berger Paints (I) Limited	53,106	45.4	16.3%	-14.0%	—	80	0	63
Voltas Limited	35,405	84.7	5.8%	-20.9%	0.37%	62	5	11

Valuation multiples

Current only. Market cap is the whole company's; sales/EBITDA are trailing-twelve-month standalone; debt and cash come from the latest filed standalone balance sheet (March 31, 2026). EBITDA = PBT + interest + depreciation.

Enterprise value

₹62,982 Cr

EV / EBITDA

23.9x

EV / Sales

2.68x

Market cap / Sales

2.71x

Earnings yield

2.59%

Quarterly Financials

Download CSV

Standalone Consolidated

↑ Positive

Quarterly Revenue

Jun 2026 quarterly revenue is Rs 6,564 Cr, up 19.2% YoY.

↓ Negative

Quarterly Net Profit

Jun 2026 quarterly net profit is Rs 298 Cr, down 15.3% YoY.

Period end	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)	Basic EPS
June 30, 2026	6,510	401	298	₹4.7600
March 31, 2026	6,688	933	734	₹11.7000
Dec. 31, 2025	5,573	405	301	₹4.8000
Sept. 30, 2025	4,767	414	317	₹5.0600
June 30, 2025	5,438	475	352	₹5.6200
March 31, 2025	6,532	706	522	₹8.3300
Dec. 31, 2024	4,882	382	283	₹4.5100
Sept. 30, 2024	4,533	368	273	₹4.3500
June 30, 2024	5,798	553	411	₹6.5600
March 31, 2024	5,434	601	449	₹7.1600
Dec. 31, 2023	4,401	391	288	₹4.5900
Sept. 30, 2023	3,891	335	249	₹3.9700
June 30, 2023	4,824	382	287	₹4.5900

Quarterly income statement (standalone, ₹ Cr)

Indicator	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23
Total income (before exceptional items)	6,564	7,014	5,616	4,853	5,507	6,601	4,947	4,626	5,875	5,510	4,457	3,944	4,888
Operating revenue	6,510	6,688	5,573	4,767	5,438	6,532	4,882	4,533	5,798	5,434	4,401	3,891	4,824
Other income	54	326	43	86	69	69	64	93	77	76	56	52	65
Operating expenses	6,036	5,960	5,049	4,325	4,918	5,771	4,451	4,153	5,222	4,798	3,968	3,518	4,421
Operating profit	474	728	524	442	520	761	432	380	576	637	433	373	402
Operating profit margin	7.3%	10.9%	9.4%	9.3%	9.6%	11.6%	8.8%	8.4%	9.9%	11.7%	9.8%	9.6%	8.3%
Depreciation	120	111	108	105	105	108	104	95	92	93	88	81	76
Interest	7	10	9	9	9	15	9	10	9	18	10	9	8
Exceptional items, gain / (loss)	—	—	-45	—	—	—	—	—	—	—	—	—	—
Profit before tax	401	933	405	414	475	706	382	368	553	601	391	335	382
Tax	103	198	104	96	122	184	99	95	141	153	103	86	95
Net profit	298	734	301	317	352	522	283	273	411	449	288	249	287
EPS	4.76	11.70	4.80	5.06	5.62	8.33	4.51	4.35	6.56	7.16	4.59	3.97	4.59
Net profit (TTM)	1,652	1,705	1,493	1,475	1,430	1,489	1,415	1,420	1,397	1,273	1,186	1,182	1,120
EPS (TTM)	26.32	27.18	23.81	23.52	22.81	23.75	22.58	22.66	22.28	20.31	18.92	18.86	17.87

Total income excludes exceptional items, which are shown on their own row. Trendlyne and Screener fold exceptional items into revenue or other income, so their totals differ from this table by exactly that row.

Annual Financials

Year ended	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)
March 31, 2026	22,466	2,226	1,705
March 31, 2025	21,746	2,009	1,489
March 31, 2024	18,550	1,710	1,273
March 31, 2023	16,868	1,450	1,075

Annual income statement (standalone, ₹ Cr; CAGR to the latest year)

Indicator	CAGR 3Y	CAGR 5Y	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Total income (before exceptional items)	10.5%	16.7%	22,989^†	22,048^†	18,799^†	17,045^†	14,049^†	10,616^†	9,541^†	10,185^†	8,377^†	6,604^†
Operating revenue	10.0%	16.6%	22,466	21,746	18,550	16,868	13,889^†	10,428^†	9,428^†	10,058^†	8,260^†	6,480^†
Other income	—	—	524^†	302^†	249^†	177^†	160^†	188^†	112^†	128^†	117^†	124^†
Operating expenses	—	—	20,252^†	19,597^†	16,705^†	15,265^†	12,131^†	8,863^†	8,406^†	8,865^†	7,211^†	—
Operating profit	11.4%	7.2%	2,213^†	2,149^†	1,845^†	1,603^†	1,758^†	1,565^†	1,022^†	1,192^†	1,049^†	—
Operating profit margin	—	—	9.9%^†	9.9%^†	9.9%^†	9.5%^†	12.7%^†	15.0%^†	10.8%^†	11.9%^†	12.7%^†	—
Depreciation	—	—	429^†	399^†	338^†	296^†	261^†	249^†	218^†	149^†	140^†	—
Interest	—	—	37^†	43^†	46^†	34^†	53^†	73^†	20^†	16^†	24^†	12^†
Exceptional items, gain / (loss)	—	—	-45^†	0^†	0^†	0^†	0^†	0^†	0^†	0^†	12^†	-58^†
Profit before tax	15.3%	9.2%	2,226	2,009	1,710	1,450	1,604^†	1,432^†	897^†	1,155^†	1,015^†	769^†
Tax	—	—	520^†	520^†	437^†	375^†	409^†	392^†	165^†	364^†	302^†	230^†
Net profit	16.6%	10.4%	1,705	1,489	1,273	1,075	1,195^†	1,040^†	733^†	792^†	713^†	539^†
EPS	16.6%	10.4%	27.18^†	23.75^†	20.31^†	17.15^†	19.07^†	16.61^†	11.71^†	—	—	—

^† Derived: the sum of that fiscal year's four quarterly filings (a real annual filing is used wherever one exists). Checked against filed annual figures, the sum lands within 0.5% for about 94% of company-years.

Annual ratios (standalone)

Ratio	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Operating margin	9.9%^†	9.9%^†	9.9%^†	9.5%^†	12.7%^†	15.0%^†	10.8%^†	11.9%^†	12.7%^†	—
EBIT margin	10.1%^†	9.4%^†	9.5%^†	8.8%^†	11.9%^†	14.4%^†	9.7%^†	11.6%^†	12.6%^†	12.1%^†
PBT margin	9.9%	9.2%	9.2%	8.6%	11.5%^†	13.7%^†	9.5%^†	11.5%^†	12.3%^†	11.9%^†
Net margin	7.6%	6.8%	6.9%	6.4%	8.6%^†	10.0%^†	7.8%^†	7.9%^†	8.6%^†	8.3%^†
Interest coverage	60.67x^†	47.46x^†	38.41x^†	44.14x^†	31.03x^†	20.71x^†	46.51x^†	73.61x^†	43.33x^†	64.28x^†
Dividend payout	—	—	—	—	—	—	—	—	—	—
Earnings retention	—	—	—	—	—	—	—	—	—	—
Current ratio	1.70x	1.85x	—	—	—	—	—	—	—	—
Quick ratio	0.74x	1.01x	—	—	—	—	—	—	—	—
Debt to equity	0.00x	0.00x	—	—	—	—	—	—	—	—
Return on equity	18.0%	17.9%	—	—	—	—	—	—	—	—
Return on assets	11.6%	10.8%	—	—	—	—	—	—	—	—
Return on capital employed	22.3%^†	22.8%^†	—	—	—	—	—	—	—	—
Asset turnover	1.53x	1.58x	—	—	—	—	—	—	—	—

Margins and asset turnover use operating revenue (interest earned for banks, excluding other income), not total income. Liquidity, leverage and return ratios need a filed standalone balance sheet, which exists only for recent years; returns use year-end equity/assets. Dividend payout is shown only for companies with a dividend record. † = built from a summed fiscal year.

Revenue Mix

Data unavailable.

Cash Flow

Year ended	Operating (₹ Cr)	Investing (₹ Cr)	Financing (₹ Cr)	Capex (₹ Cr)	Free Cash Flow (₹ Cr)
March 31, 2026	1,587	-897	-690	1,484	102
March 31, 2025	1,561	-330	-688	753	808
March 31, 2024	1,959	-1,635	-534	786	1,173
March 31, 2023	565	39	-907	588	-23
March 31, 2022	1,744	-759	-547	258	1,486

Balance Sheet (standalone)

Year ended	Total Assets (₹ Cr)	Total Equity (₹ Cr)	Reserves (₹ Cr)	Borrowings, Current (₹ Cr)	Borrowings, Non-current (₹ Cr)	Current Assets (₹ Cr)	Current Liabilities (₹ Cr)	Cash & Equivalents (₹ Cr)	Net Block (₹ Cr)	Inventory (₹ Cr)
March 31, 2026	14,724	9,476	9,414	0	0	7,760	4,563	778	3,812	4,398
March 31, 2025	13,775	8,331	8,268	0	0	8,795	4,761	782	3,251	4,007
March 31, 2024	—	—	—	—	—	—	—	—	—	—
March 31, 2023	—	—	—	—	—	—	—	—	—	—
March 31, 2022	—	—	—	—	—	—	—	—	—	—

Financial charts

Trend charts drawn from the standalone income-statement and ratio tables above (oldest year on the left); a gap means that period has no figure. Annual years marked † in the tables are derived from four quarters.