Havells India Limited
Havells India Limited operates in Consumer Electronics, part of the Consumer Durables sector. It booked ₹6,518 cr of revenue in its latest quarter (Q1 FY27) and kept 4.5% of sales as profit. It is the 2nd largest of 9 Consumer Electronics companies we track, by market value.
| Segment | FY24 | FY25 | FY26 | Share |
|---|---|---|---|---|
| Cables | 6,318 | 7,184 | 8,677 | 34% → 39% |
| Lloyd Consumer | 3,810 | 5,134 | 3,974 | 20% → 18% |
| Electrical Consumer Durables | 3,482 | 4,014 | 3,876 | 19% → 17% |
| Switchgears | 2,246 | 2,397 | 2,586 | 12% → 11% |
| Lighting & Fixtures | 1,240 | 1,671 | 1,688 | 7% → 7% |
| Renewables | — | — | — | — |
| Others | 1,094 | 1,379 | 1,727 | 6% → 8% |
| Lightung & Fixtures | 400 | — | — | — |
| Total | 18,590 | 21,778 | 22,528 |
From the company's consolidated segment filings (Ind AS 108). Margin is segment operating profit (before interest & tax) over segment revenue; reconciliation rows like inter-segment eliminations are excluded from the mix.
“Havells manufactures 90% of its finished products accessibility and convenience for consumers with presence in-house through a large base of 15 manufacturing plants in general trade and brand/exclusive stores, and in emerging across 8 locations in India.”
Healthier than 56% of companies in Consumer Durables, on all six measures of filed financials. Each measure is ranked against the 25–41 companies that reported it.
Measures financial condition, not whether to buy. Learn what this score means · How this is calculated
- RSI (14)
- 22
At close. Not part of the score.
How much profit it earns on the money it employs
How much it owes, and whether earnings cover the interest
Whether reported profit actually arrives as cash
Whether sales and profit have grown, and how steadily
What today's price implies, against our models or its peers
How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure
What if I invest in HAVELLS?
Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.
The slider starts at 0%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.
P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.
An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.
| Revenue from Operations | ₹6,518 cr |
| Other Income | ₹54 cr |
| Total Income | ₹6,572 cr |
| Cost of Materials | ₹4,024 cr |
| Purchases of Stock-in-Trade | ₹968 cr |
| Inventory Change (±) | ₹-513 cr |
| Employee Benefit Expense | ₹531 cr |
| Finance Costs | ₹7 cr |
| Depreciation & Amortisation | ₹121 cr |
| Other Expenses | ₹1,042 cr |
| Total Expenses | ₹6,180 cr |
| Profit before Tax | ₹392 cr |
| Tax Expense | ₹103 cr |
| Net Profit | ₹290 cr |
| Net margin on total income | 4.4% |
| Metric | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|
| Revenue | 5,588 cr | 6,705 cr | 6,518 cr |
| Total income | 5,631 cr | 7,001 cr | 6,572 cr |
| Expenses | 5,189 cr | 6,097 cr | 6,180 cr |
| Profit before tax | 396 cr | 904 cr | 392 cr |
| Tax | 108 cr | 194 cr | 103 cr |
| Net profit (owners' share) | 301 cr | 723 cr | 290 cr |
| Net margin (owners' share, on revenue) | 5.4% | 10.8% | 4.5% |
| EPS (₹) | 4.80 | 11.52 | 4.63 |
| Company | Price | Market cap | P/E | ROE | Net margin | 1-yr return |
|---|---|---|---|---|---|---|
| Dixon Technologies (India) Limited | ₹13,290 | ₹81,202 cr | 28.2 | 56.7% | 4.3% | — |
| Havells India Limitedthis company | ₹1,092 | ₹68,534 cr | 59.0 | 12.3% | 4.5% | — |
| PG Electroplast Limited | ₹529 | ₹15,118 cr | 49.6 | 10.0% | 3.7% | — |
| IKIO Technologies Limited | ₹206 | ₹1,591 cr | 36.8 | 7.2% | 6.4% | — |
| Onida Electronics Limited | ₹32 | ₹1,193 cr | — | -23.9% | -7.8% | — |
| Universus Photo Imagings Limited | ₹614 | ₹672 cr | 3.7 | 22.4% | 827.2% | — |
| Veto Switchgears And Cables Limited | ₹133 | ₹253 cr | 10.7 | 8.2% | 6.6% | — |
| BPL Limited | ₹46 | ₹225 cr | — | -5.9% | -16.5% | — |
| Khaitan (India) Limited | ₹155 | ₹74 cr | 7.6 | 29.1% | 5.9% | — |
| Action | Detail | Ex-date |
|---|---|---|
| Dividend | ₹6 / share | 22 May 2026 |
| Dividend | ₹4 / share | 23 Jan 2026 |
| Dividend | ₹6 / share | 23 May 2025 |
| Dividend | ₹4 / share | 22 Jan 2025 |
| Dividend | ₹6 / share | 31 May 2024 |
| Dividend | ₹3 / share | 1 Feb 2024 |
A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.
Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.
Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.
The company also transacted with 20 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.
Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.