About
Havells India Limited, a fast-moving electrical goods company, manufactures, trades in, and sells various consumer electrical and electronic products in India and internationally. The company operates through six segments: Switchgears, Cables, Lighting and Fixtures, Electrical Consumer Durables, Lloyd Consumer, and Others. It offers switches; switchgears, such as circuit breakers, energy savers, human safety equipment, distribution boards, surge protection devices, and control and monitoring devices, as well as magnetic contractor, thermal overload relays, switchgear, circuit breakers, and starters; lighting products; and home appliances, including air conditioners, LED televisions, washing machines, refrigerators, air coolers and purifiers, appliances, personal grooming products, water heaters and purifiers, and geysers. The company also provides flexible, power, control, and fire survival cables; fans comprising ceiling, table, pedestal, wall, ceiling mounting, personal, and domestic exhaust fans; centrifugal, mono block, submersible, borewell and sewage submersible, pressure, and shallow well jet pumps; dishwashers; air circulators; and heavy-duty exhaust fans. In addition, it offers crane duty, smoke, brake, inverter duty, and energy motors; solar rooftop on grid, solar off grid, and solar on grid inverter solutions; and power solutions, including power capacitors, IOT enabled IPFC relays, HD harmonic detuned reactors, IOT enabled APFC panels, and high PIV thyristor switches. The company offers its products under the Havells, Lloyd, Havells Crabtree, REO, and Havells Studio brands. Havells India Limited was founded in 1958 and is based in Noida, India.
Key Metrics
as of Sep 2026Market Cap72,421 Cr
P/E43.50
Div Yield0.87 %
Book Value₹151.00
52w High₹1,623.00
52w Low₹1,124.00
Face Value₹1.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 6,518.00 | 6,705.00 | 5,588.00 | 4,779.00 | 5,455.00 | 6,544.00 | 4,889.00 | 4,539.00 | 5,806.00 | 5,442.00 | 4,414.00 | 3,900.00 | 4,834.00 |
| Expenses | 6,052.00 | 5,976.00 | 5,072.00 | 4,341.00 | 4,940.00 | 5,787.00 | 4,462.00 | 4,164.00 | 5,234.00 | 4,807.00 | 3,981.00 | 3,527.00 | 4,432.00 |
| Operating Profit | 466.00 | 729.00 | 516.00 | 438.00 | 516.00 | 757.00 | 426.00 | 375.00 | 572.00 | 635.00 | 433.00 | 373.00 | 402.00 |
| OPM % | 7.00 | 11.00 | 9.00 | 9.00 | 9.00 | 12.00 | 9.00 | 8.00 | 10.00 | 12.00 | 10.00 | 10.00 | 8.00 |
| Other Income | 54.00 | 310.00 | 9.00 | 91.00 | 69.00 | 69.00 | 64.00 | 93.00 | 77.00 | 76.00 | 56.00 | 52.00 | 65.00 |
| Depreciation | 121.00 | 112.00 | 109.00 | 106.00 | 106.00 | 110.00 | 104.00 | 95.00 | 92.00 | 93.00 | 88.00 | 81.00 | 76.00 |
| Interest | 7.00 | 10.00 | 9.00 | 9.00 | 9.00 | 15.00 | 9.00 | 10.00 | 9.00 | 18.00 | 10.00 | 9.00 | 8.00 |
| Profit before tax | 392.00 | 918.00 | 408.00 | 415.00 | 470.00 | 701.00 | 377.00 | 363.00 | 549.00 | 599.00 | 391.00 | 335.00 | 382.00 |
| Tax % | 26.00 | 21.00 | 26.00 | 23.00 | 26.00 | 26.00 | 26.00 | 26.00 | 26.00 | 25.00 | 26.00 | 26.00 | 25.00 |
| Net Profit | 290.00 | 723.00 | 300.00 | 318.00 | 348.00 | 517.00 | 278.00 | 268.00 | 408.00 | 447.00 | 288.00 | 249.00 | 287.00 |
| EPS in Rs | 4.63 | 11.53 | 4.80 | 5.09 | 5.55 | 8.26 | 4.44 | 4.28 | 6.51 | 7.13 | 4.59 | 3.97 | 4.58 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 22,528.00 | 21,778.00 | 18,590.00 | 16,911.00 | 13,938.00 | 10,457.00 | 9,440.00 | 10,073.00 | 8,116.00 | 6,130.00 | 7,594.00 | 8,468.00 |
| Expenses | 20,286.00 | 19,603.00 | 16,709.00 | 15,290.00 | 12,163.00 | 8,868.00 | 8,373.00 | 8,885.00 | 7,083.00 | 5,315.00 | 6,798.00 | 7,713.00 |
| Operating Profit | 2,241.00 | 2,175.00 | 1,881.00 | 1,621.00 | 1,775.00 | 1,589.00 | 1,067.00 | 1,189.00 | 1,033.00 | 815.00 | 796.00 | 755.00 |
| OPM % | 10.00 | 10.00 | 10.00 | 10.00 | 13.00 | 15.00 | 11.00 | 12.00 | 13.00 | 13.00 | 10.00 | 9.00 |
| Other Income | 479.00 | 288.00 | 249.00 | 178.00 | 159.00 | 187.00 | 106.00 | 124.00 | 97.00 | 42.00 | 949.00 | 48.00 |
| Interest | 79.00 | 72.00 | 84.00 | 55.00 | 67.00 | 90.00 | 51.00 | 16.00 | 25.00 | 13.00 | 91.00 | 96.00 |
| Depreciation | 432.00 | 400.00 | 338.00 | 296.00 | 261.00 | 249.00 | 218.00 | 149.00 | 140.00 | 121.00 | 134.00 | 139.00 |
| Profit before tax | 2,210.00 | 1,990.00 | 1,707.00 | 1,447.00 | 1,607.00 | 1,438.00 | 904.00 | 1,147.00 | 965.00 | 723.00 | 1,520.00 | 569.00 |
| Tax % | 24.00 | 26.00 | 26.00 | 26.00 | 26.00 | 27.00 | 19.00 | 31.00 | 31.00 | 32.00 | 14.00 | 32.00 |
| Net Profit | 1,689.00 | 1,470.00 | 1,271.00 | 1,072.00 | 1,196.00 | 1,044.00 | 735.00 | 788.00 | 661.00 | 494.00 | 1,300.00 | 385.00 |
| EPS in Rs | 26.95 | 23.48 | 20.28 | 17.11 | 19.10 | 16.68 | 11.75 | 12.59 | 10.60 | 7.91 | 20.82 | 6.17 |
| Dividend Payout % | 37.00 | 43.00 | 44.00 | 44.00 | 39.00 | 39.00 | 34.00 | 36.00 | 4.00 | 44.00 | 29.00 | 49.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 63.00 | 63.00 | 63.00 | 63.00 | 63.00 | 63.00 | 63.00 | 63.00 | 63.00 | 62.00 | 62.00 | 62.00 |
| Reserves | 9,393.00 | 8,261.00 | 7,384.00 | 6,563.00 | 5,940.00 | 5,114.00 | 4,249.00 | 4,135.00 | 3,667.00 | 3,214.00 | 2,965.00 | 1,756.00 |
| Borrowings | 265.00 | 319.00 | 303.00 | 223.00 | 616.00 | 521.00 | 72.00 | 94.00 | 115.00 | 208.00 | 134.00 | 424.00 |
| Other Liabilities | 5,026.00 | 5,167.00 | 4,683.00 | 4,309.00 | 3,904.00 | 3,155.00 | 2,690.00 | 2,856.00 | 2,763.00 | 1,683.00 | 1,225.00 | 2,546.00 |
| Total Liabilities | 14,746.00 | 13,809.00 | 12,433.00 | 11,157.00 | 10,523.00 | 8,852.00 | 7,073.00 | 7,148.00 | 6,608.00 | 5,168.00 | 4,387.00 | 4,788.00 |
| Fixed Assets | 5,343.00 | 4,652.00 | 3,988.00 | 3,621.00 | 3,434.00 | 3,290.00 | 3,350.00 | 2,904.00 | 2,819.00 | 1,300.00 | 1,224.00 | 1,541.00 |
| CWIP | 443.00 | 118.00 | 299.00 | 166.00 | 57.00 | 90.00 | 86.00 | 233.00 | 24.00 | 12.00 | 20.00 | 38.00 |
| Investments | 888.00 | 11.00 | 20.00 | 201.00 | 426.00 | 306.00 | 0.00 | 0.00 | 0.00 | 162.00 | 189.00 | 0.00 |
| Other Assets | 8,072.00 | 9,028.00 | 8,126.00 | 7,170.00 | 6,606.00 | 5,166.00 | 3,638.00 | 4,012.00 | 3,765.00 | 3,694.00 | 2,954.00 | 3,209.00 |
| Total Assets | 14,746.00 | 13,809.00 | 12,433.00 | 11,157.00 | 10,523.00 | 8,852.00 | 7,073.00 | 7,148.00 | 6,608.00 | 5,168.00 | 4,387.00 | 4,788.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 1,572.00 | 1,523.00 | 1,953.00 | 565.00 | 1,728.00 | 660.00 | 827.00 | 501.00 | 1,100.00 | 767.00 | 513.00 | 963.00 |
| Cash from Investing Activity | -895.00 | -305.00 | -1,618.00 | 31.00 | -759.00 | -763.00 | -548.00 | 185.00 | -946.00 | -220.00 | -121.00 | -485.00 |
| Cash from Financing Activity | -693.00 | -677.00 | -534.00 | -907.00 | -547.00 | 190.00 | -716.00 | -318.00 | -409.00 | -98.00 | -621.00 | -754.00 |
| Net Cash Flow | -17.00 | 541.00 | -199.00 | -311.00 | 421.00 | 87.00 | -437.00 | 368.00 | -255.00 | 450.00 | -229.00 | -277.00 |
| Free Cash Flow | 156.00 | 769.00 | 1,191.00 | -21.00 | 1,475.00 | 507.00 | 467.00 | 2.00 | -489.00 | 529.00 | 299.00 | 793.00 |
| CFO/OP % | 93.00 | 93.00 | 125.00 | 59.00 | 121.00 | 59.00 | 100.00 | 63.00 | 130.00 | 119.00 | 87.00 | 153.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 13.00 | 21.00 | 23.00 | 21.00 | 20.00 | 20.00 | 9.00 | 15.00 | 15.00 | 14.00 | 11.00 | 27.00 |
| Inventory Days | 110.00 | 104.00 | 102.00 | 119.00 | 119.00 | 153.00 | 121.00 | 115.00 | 124.00 | 99.00 | 70.00 | 103.00 |
| Days Payable | 72.00 | 78.00 | 81.00 | 85.00 | 95.00 | 93.00 | 92.00 | 94.00 | 125.00 | 66.00 | 42.00 | 79.00 |
| Cash Conversion Cycle | 51.00 | 47.00 | 44.00 | 55.00 | 44.00 | 79.00 | 39.00 | 36.00 | 14.00 | 46.00 | 39.00 | 51.00 |
| Working Capital Days | 14.00 | 12.00 | 11.00 | 25.00 | 7.00 | 20.00 | 1.00 | 0.00 | -17.00 | -8.00 | -3.00 | -6.00 |
| ROCE % | 25.00 | 25.00 | 24.00 | 22.00 | 27.00 | 30.00 | 22.00 | 29.00 | 27.00 | 25.00 | 28.00 | 27.00 |
Corporate Actions
37 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 22 May 2026 | 24 May 2026 | — | 6.00 | |
| Dividend | 23 Jan 2026 | 23 Jan 2026 | — | 4.00 | |
| Dividend | 23 May 2025 | 25 May 2025 | — | 6.00 | |
| Dividend | 22 Jan 2025 | 22 Jan 2025 | — | 4.00 | |
| Dividend | 31 May 2024 | — | — | 6.00 | |
| Dividend | 01 Feb 2024 | 01 Feb 2024 | — | 3.00 | |
| Dividend | 02 Jun 2023 | — | — | 4.50 | |
| Dividend | 25 Jan 2023 | 28 Jan 2023 | — | 3.00 | |
| Dividend | 14 Jun 2022 | — | — | 4.50 | |
| Dividend | 27 Oct 2021 | 28 Oct 2021 | — | 3.00 | |
| Dividend | 17 Jun 2021 | — | — | 3.50 | |
| Dividend | 28 Jan 2021 | 29 Jan 2021 | — | 3.00 | |
| Dividend | 16 Mar 2020 | 17 Mar 2020 | — | 4.00 | |
| Dividend | 18 Jul 2019 | — | — | 4.50 | |
| Dividend | 04 Jul 2018 | — | — | 4.00 | |
| Dividend | 21 Jun 2017 | — | — | 3.50 | |
| Dividend | 29 Jun 2016 | — | — | 3.00 | |
| Dividend | 10 Feb 2016 | 11 Feb 2016 | — | 3.00 | |
| Dividend | 29 Jun 2015 | — | — | 3.00 | |
| Split | 26 Aug 2014 | 27 Aug 2014 | 5:1 | — | |
| Dividend | 26 Jun 2014 | — | — | 10.00 | |
| Dividend | 19 Mar 2014 | 20 Mar 2014 | — | 5.00 | |
| Dividend | 20 Jun 2013 | — | — | 7.50 | |
| Dividend | 04 Jul 2012 | — | — | 6.50 | |
| Dividend | 22 Jul 2011 | — | — | 2.50 | |
| Bonus | 08 Oct 2010 | 11 Oct 2010 | 1:1 | — | |
| Dividend | 06 Sep 2010 | — | — | 2.50 | |
| Dividend | 09 Feb 2010 | 10 Feb 2010 | — | 1.25 | |
| Dividend | 12 Aug 2009 | — | — | 2.50 | |
| Dividend | 26 Jun 2008 | — | — | 2.50 | NSE/BSE dividend mismatch: NSE=0.5; BSE=2.5 |
| Dividend | 26 Jun 2008 | — | — | 0.50 | NSE/BSE dividend mismatch: NSE=0.5; BSE=2.5 |
| Dividend | 20 Jun 2007 | — | — | 0.50 | |
| Bonus | 20 Jul 2006 | 21 Jul 2006 | 1:1 | — | |
| Dividend | 05 Jun 2006 | — | — | 0.50 | |
| Dividend | 24 Jun 2005 | — | — | 0.50 | |
| Dividend | 23 Jul 2001 | — | — | 2.00 | |
| Dividend | 11 Aug 2000 | — | — | 2.00 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update6 Jul from care
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Rating update7 Jul 2025 from care
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Rating update8 Oct 2024 from care
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Rating update9 Oct 2023 from care
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Rating update20 Sep 2022 from care
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Rating update2 Jul 2021 from care
Conference Calls
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