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INVESTMENT INSIGHTS

Check Before You Invest : Havells India Ltd

BSE: 517354 NSE: HAVELLS ISIN: INE176B01034
  |   Sector:  Capital Goods & Industrial Consumables   |   Industry:  Electric Equipment

Snapshot

Q.1 Which industry/sub-sector does Havells India Ltd belong to?
Havells India Ltd belongs to the Capital Goods & Industrial Consumables sector, operating specifically within the Electric Equipment segment.
Q.2 Is Havells India Ltd a good quality company?
Havells India Ltd is a good quality company, based on a consistently good 10 year financial track record.
Q.3 Is Havells India Ltd undervalued or overvalued?
Havells India Ltd appears Undervalued, as its key valuation ratios are below with their past averages.
Q.4 Is Havells India Ltd a good buy now?
Havells India Ltd is a neutral opportunity now, based on stable price trend analysis suggesting prices may move sideways. However, you need to check its quality and valuation before making a decision

Performance Analysis

Q.1 Revenue growth of Havells India Ltd?
Havells India Ltd revenue growth is 17.2% for FY-2025 , which is below its 5 year CAGR of 18.2% , indicating slower growth.
Q.2 Gross Profit margin of Havells India Ltd?
Havells India Ltd Gross profit margin which is the profit after deduction of direct costs, is 11% for FY-2025 , which is in line with its 5 year median of 11% , indicating stable margins.
Q.3 Operating Profit Margin of Havells India Ltd?
Havells India Ltd Operating Profit Margin which is the profit after deduction of all operating costs, is 10.12% for FY-2025 , which is below its 5 year median of 10.15% indicating decreasing margins.
Q.4 Net Profit Margin of Havells India Ltd?
Havells India Ltd Net Profit Margin is 6.85% for FY-2025 , is below with its 5 year median of 6.86%, indicating decreasing margins.
Current Level Historic Median
Gross Profit Margin 11 11
Operating Profit Margin 10.12 10.15
Net Profit Margin 6.85 6.86
Q.5 Return on Asset of Havells India Ltd?
Havells India Ltd Return on Asset is 11.03%, which is in line with its 5 year historical median of 11.03%, indicating stable asset utilization efficiency.
Q.6 Return on Equity (ROE) of Havells India Ltd?
Havells India Ltd Return on equity is 18.91% for FY-2025 , which is in line with its historical median of 18.91%, indicating the business is making similar use of its shareholders capital.
Q.7 Return on capital employed (ROCE) of Havells India Ltd?
Havells India Ltd Return on capital employed is 26.39% for FY-2025 , which is above its estimated weighted average cost of capital(WACC) 11.25%, indicating value creation.
Q.8 Cash conversion cycle of Havells India Ltd?
Havells India Ltd Cash conversion cycle is 29 days, below its historical median of 32 days, indicating improved working capital management. However, you need to compare this with its peers in the industry.
Current Level Historic Median
Asset Turnover 1.62 1.52
ROE 18.91 18.91
ROCE 26.39 26.39
Cash Conversion Cycle 29 days 32 days
Q.9 Debt to Equity ratio of Havells India Ltd?
Havells India Ltd Debt-to-Equity ratio is 0.00 , which is lower with the industry average of 0.14 , indicating lower debt levels in the industry.
Q.10 Debt to cash flow from operations of Havells India Ltd?
Havells India Ltd Debt to cash flow from operations is 0 , which is at a healthy level.

Ownership & governance

Q.1 Promoter shareholding and pledge status of Havells India Ltd?
Promoters hold 59.38% of the Havells India Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Peer comparison (industry-wise, mcap)

Q.1 Revenue growth of Havells India Ltd vs industry peers?
Havells India Ltd revenue CAGR is 18.19% , compared to the industry median CAGR of 31.34% , indicating slower growth and losing its market share.
Profit Metrics
Current Level Industry Median
Revenue 21,745.8 6,532.8
Gross Profit 2,392.1 790.5
Operating Profit 2,177 758
Net Profit 1,489 638
Operating Efficiency
Current Level Industry Median
Asset Turnover 1.62 1.39
ROE 18.91 18.91
ROCE 26.39 32.56
Cash Conversion Cycle (days) 29.4 34

Valuation & price assessment

Q.1 Stock return of Havells India Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 14.5% based on the current price.
Q.2 What return has the stock given over the last decade?
9Y 5Y 3Y 1Y
Share Price 14.5% 5.3% 2.4% -20.3%
Q.3 Valuation ratios of Havells India Ltd vs historical?
The current P/E is lower that its historical median.
Q.4 How do the current valuation ratios measure up against the historic numbers and the current industry numbers?
Valuation Ratios Current Historic Median Industry Median
Price to Earnings 54.23 65.01 50.19
Price to Book 9.02 9.23 3.60
Price to Sales 3.63 4.92 2.68
EV to EBITDA 31.65 39.87 19.22

Check more companies

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4. Havells India
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6. Apar Inds
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