Havells India Limited
Havells India Limited operates in Consumer Electronics, part of the Consumer Durables sector. It booked ₹6,432 cr of revenue in its latest quarter (Q2 FY27) and kept 5.4% 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% |
| Electrical Consumer Durables | 3,482 | 4,014 | 3,876 | 19% → 17% |
| Switchgears | 2,246 | 2,397 | 2,586 | 12% → 11% |
| Lloyd Consumer | 3,810 | 5,134 | 3,974 | 20% → 18% |
| 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 63% of companies in Consumer Durables, on all six measures of filed financials. Each measure is ranked against the 29–45 companies that reported it.
Measures financial condition, not whether to buy. Learn what this score means · How this is calculated
- RSI (14)
- 47
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 We do not publish price targets or predict returns.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 2026-11-04.
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 | ₹6,432 cr |
| Other Income | ₹33 cr |
| Total Income | ₹6,465 cr |
| Cost of Materials | ₹3,447 cr |
| Purchases of Stock-in-Trade | ₹991 cr |
| Inventory Change (±) | ₹18 cr |
| Employee Benefit Expense | ₹554 cr |
| Finance Costs | ₹5 cr |
| Depreciation & Amortisation | ₹129 cr |
| Other Expenses | ₹848 cr |
| Total Expenses | ₹5,992 cr |
| Profit before Tax | ₹473 cr |
| Tax Expense | ₹123 cr |
| Net Profit | ₹349 cr |
| Net margin on total income | 5.4% |
| Metric | Q4 FY26 | Q1 FY27 | Q2 FY27 |
|---|---|---|---|
| Revenue | 6,705 cr | 6,518 cr | 6,432 cr |
| Total income | 7,001 cr | 6,572 cr | 6,465 cr |
| Expenses | 6,097 cr | 6,180 cr | 5,992 cr |
| Profit before tax | 904 cr | 392 cr | 473 cr |
| Tax | 194 cr | 103 cr | 123 cr |
| Net profit (owners' share) | 723 cr | 290 cr | 350 cr |
| Net margin (owners' share, on revenue) | 10.8% | 4.5% | 5.4% |
| EPS (₹) | 11.52 | 4.63 | 5.57 |
| Company | Price | Market cap | P/E | ROE | Net margin | 1-yr return |
|---|---|---|---|---|---|---|
| Dixon Technologies (India) Limited | ₹12,270 | ₹75,031 cr | 45.5 | 23.4% | 1.6% | — |
| Havells India Limitedthis company | ₹1,051 | ₹65,919 cr | 47.2 | 14.3% | 5.4% | — |
| PG Electroplast Limited | ₹541 | ₹15,514 cr | 287.8 | 1.7% | 1.5% | — |
| IKIO Technologies Limited | ₹167 | ₹1,288 cr | 29.8 | 7.2% | 6.4% | — |
| Onida Electronics Limited | ₹26 | ₹975 cr | — | -23.9% | -7.8% | — |
| Universus Photo Imagings Limited | ₹488 | ₹534 cr | 2.9 | 22.4% | 827.2% | — |
| Veto Switchgears And Cables Limited | ₹121 | ₹232 cr | 9.8 | 8.2% | 6.6% | — |
| BPL Limited | ₹44 | ₹213 cr | — | -8.9% | -21.1% | — |
| Khaitan (India) Limited | ₹145 | ₹69 cr | 7.3 | 24.8% | 6.6% | — |
| 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.