Havells India Limited
HAVELLS · Consumer Durables · NSE
₹1,156
Current Market Price
Fair Value (DCF)
₹848
Discount to FV
-26.6%
Updated just now
YieldIQ Score
54/100
Piotroski F-Score
7/9
Economic Moat
Narrow
Confidence
54%
ROE
17.9%
Debt/Equity
0.03
WACC
9.8%
Market Cap
₹72,480 Cr
Quality & Valuation
Neutral model outputs — no recommendations.
ROCE
27.6%
Return on capital employed
EV / EBITDA
27.7×
Enterprise multiple
Debt / EBITDA
0.1×
Leverage vs earnings
Interest Coverage
60.2×
EBIT covers interest
Current Ratio
1.71×
Short-term liquidity
Asset Turnover
1.49×
Revenue per ₹ of assets
Revenue CAGR (3Y)
9.6%
3-year revenue growth
Revenue CAGR (5Y)
11.8%
5-year revenue growth
DCF Scenario Analysis
vs CMP ₹1,155.5
Bear case
Discount -121.4%
Base case
Discount -36.2%
Bull case
Discount -7.8%
Ratio Trends
HAVELLS · last 9 annual periods
ROE
17.9%
ROCE
27.6%
Operating Margin
—
Debt / Equity
0.03×
PE
44.2×
EV / EBITDA
27.7×
Historical Financials
HAVELLS · Annual, last 5 years· amounts in ₹Cr unless noted
| Metric | 2022 NSE_XBRL | 2023 NSE_XBRL | 2024 NSE_XBRL | 2025 yfinance | 2026 yfinance | CAGR |
|---|---|---|---|---|---|---|
| Revenue | ₹13.9K Cr | ₹16.8K Cr | ₹18.5K Cr | ₹21.6K Cr | ₹22.3K Cr | +12.5% |
| EBITDA | ₹1921 Cr | ₹1777 Cr | ₹2092 Cr | ₹2434 Cr | ₹2679 Cr | +8.7% |
| EBIT | ₹1660 Cr | ₹1481 Cr | ₹1753 Cr | — | — | +1.4% |
| PAT | ₹1196 Cr | ₹1072 Cr | ₹1271 Cr | ₹1472 Cr | ₹1691 Cr | +9.0% |
| EPS (diluted) | ₹19.10 | ₹17.11 | ₹20.28 | — | — | +1.5% |
| CFO | ₹1728 Cr | ₹565 Cr | ₹1953 Cr | ₹1523 Cr | ₹1572 Cr | -2.3% |
| CapEx | — | ₹-588 Cr | ₹-786 Cr | ₹-766 Cr | ₹-1484 Cr | — |
| FCF | — | ₹-22.9 Cr | ₹1167 Cr | ₹757 Cr | ₹87.5 Cr | — |
| Total Assets | ₹10.5K Cr | ₹11.2K Cr | ₹12.4K Cr | ₹13.8K Cr | ₹14.7K Cr | +8.8% |
| Total Debt | — | ₹223 Cr | ₹303 Cr | ₹319 Cr | ₹265 Cr | +4.4% |
| Shareholders' Equity | — | ₹6625 Cr | ₹7447 Cr | ₹8324 Cr | ₹9455 Cr | +9.3% |
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 CG Power and Industrial Solutions Limited | -89.5% | 35 | Data Limited | 15.1% | — |
 POLYCAB POLYCAB | — | — | Pending | 20.4% | — |
 POWERINDIA POWERINDIA | — | — | Pending | 9.1% | — |
 APARINDS APARINDS | — | — | Pending | 18.2% | — |
 KEI KEI | — | — | Pending | 13.8% | 42.0× |
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
0.35%
Amounts parsed from NSE subject lines. Percent-of-face-value declarations are converted using the per-ticker face value (defaults to ₹10).
AI Analysis Summary
Model-generated description of metrics. Not investment advice. Havells India Limited (HAVELLS.NS) trades at 1155.50 vs a model fair value of 848.40, a gap of -26.6%. Piotroski F-score: 7/9. Moat label...
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Risk profile of HAVELLS →
DuPont
ROE decomposition
Why ROE is what it is →
Technicals
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Recent activity
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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.