Havells India Limited
HAVELLS · Consumer Durables · NSE
₹1,288
Current Market Price
Fair Value (DCF)
₹787
Margin of Safety
-38.9%
Updated 17h ago
YieldIQ Score
48/100
Piotroski F-Score
6/9
Economic Moat
Narrow
Confidence
46%
ROE
17.6%
Debt/Equity
0.00
WACC
9.8%
Market Cap
₹0.81 Lakh Cr
Quality & Valuation
Neutral model outputs — no recommendations.
ROCE
22.5%
Return on capital employed
EV / EBITDA
33.7×
Enterprise multiple
Debt / EBITDA
0.1×
Leverage vs earnings
Interest Coverage
47.0×
EBIT covers interest
Current Ratio
1.86×
Short-term liquidity
Asset Turnover
1.61×
Revenue per ₹ of assets
Revenue CAGR (3Y)
9.7%
3-year revenue growth
Revenue CAGR (5Y)
16.4%
5-year revenue growth
DCF Scenario Analysis
vs CMP ₹1,288
Bear case
₹478.13
MoS -169.4%
Base case
₹787.34
MoS -63.6%
Bull case
₹1,015.12
MoS -26.9%
Ratio Trends
HAVELLS · last 8 annual periods
ROE
17.7%
ROCE
28.1%
Operating Margin
—
Debt / Equity
0.04×
PE
69.6×
EV / EBITDA
41.7×
Historical Financials
HAVELLS · Annual, last 5 years· amounts in ₹Cr unless noted
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 | CAGR |
|---|---|---|---|---|---|---|
| Revenue | ₹10.5K Cr | ₹13.9K Cr | ₹16.9K Cr | ₹18.6K Cr | ₹21.6K Cr | +19.9% |
| EBITDA | — | ₹1921 Cr | ₹1777 Cr | ₹2092 Cr | ₹2434 Cr | +6.1% |
| EBIT | ₹1510 Cr | ₹1660 Cr | ₹1481 Cr | ₹1753 Cr | — | +3.8% |
| PAT | ₹1044 Cr | ₹1196 Cr | ₹1072 Cr | ₹1271 Cr | ₹1472 Cr | +9.0% |
| EPS (diluted) | ₹16.68 | ₹19.10 | ₹17.11 | ₹20.28 | — | +5.0% |
| CFO | ₹660 Cr | ₹1728 Cr | ₹565 Cr | ₹1953 Cr | ₹1515 Cr | +23.1% |
| CapEx | — | — | — | — | ₹-766 Cr | — |
| FCF | — | — | — | — | ₹749 Cr | +0.0% |
| Total Assets | — | ₹10.5K Cr | ₹11.2K Cr | ₹12.4K Cr | ₹13.8K Cr | +7.0% |
| Total Debt | — | — | ₹0.0 Cr | ₹0.0 Cr | ₹319 Cr | — |
| Shareholders' Equity | — | — | ₹6625 Cr | ₹7447 Cr | ₹8341 Cr | +5.9% |
CAGR computed across the visible window. Signs reverse if start value is zero or negative.
Peer Comparison
HAVELLS vs 5 closest peers by market-cap band
| Peer | MoS | Score | Verdict | ROE | PE |
|---|---|---|---|---|---|
| CGPOWER CGPOWER | — | — | Pending | 24.1% | — |
| POLYCAB Polycab India Limited | -59.4% | 50 | Above Fair Value | 20.4% | — |
| POWERINDIA POWERINDIA | — | — | Pending | 9.1% | — |
| APARINDS Apar Industries Limited | -63.3% | 38 | Above Fair Value | 18.2% | — |
| KEI KEI | — | — | Pending | 12.0% | — |
Click a ticker to view its fair-value analysis.
Dividend History
16 ex-dividend events on file. Source: NSE corporate-actions feed.
Total paid (5Y)
₹41.50/sh
Last payout
2026-01-23
₹4.00
Peak payout
₹6.00
Trailing yield
0.78%
Amounts parsed from NSE subject lines; percent-of-face-value declarations are not converted and shown as missing.
AI Analysis Summary
Model-generated description of metrics. Not investment advice. Havells India Limited has a current price of 1288.00 and a fair value of 787.34, with ROCE of 22.5% and ROE of 17.6%, and revenue CAGR of...
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Market-implied growth
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Risk profile of HAVELLS →
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ROE decomposition
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Analyse HAVELLSNow →Model estimates using publicly available data. Not investment advice. YieldIQ is not registered with SEBI as an investment adviser or research analyst. Past performance does not guarantee future results.