Havells India (HAVELLS.NS) Stock Price

Havells India Price

🇮🇳NSE·CLOSED
1,179.50INR
Market closed
Today +/-
Today %

Havells India (HAVELLS.NS) Stock | ISIN INE176B01034. The current Havells India stock price is 1,179.5 INR (2026). Revenue is 239.11 B INR. Net income is 16.24 B INR. The P/E ratio is 45.54. Market capitalization is 739.61 B INR. Havells India operates in the Industry sector.

Revenue has compounded at 17.6% per year over the past 19 years to 217.78 B INR. Earnings per share have grown at 16.9% per year over the last 19 years. Havells India's net margin stands at 6.8%, down from 10% several years earlier. Havells India currently offers a dividend yield of about 0.85%. The payout ratio is around 34% of earnings. The dividend has grown at 7.6% per year over the past 19 years.

Havells India stock price

Ex-Dividend
Details

Stock Price

ⓘ

How to Read This Chart

This chart tracks the historical stock price of Havells India over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Havells India stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Havells India's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Havells India Stock Price History
DateHavells India Price
Access this data via the Eulerpool API
Get Free API Key

Havells India Revenue, EBIT, Net Income

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2006
10.04 B INR
980 M INR
633 M INR
Jan 1, 2007
15.47 B INR
1.36 B INR
1.02 B INR
Jan 1, 2008
50.03 B INR
2.78 B INR
1.61 B INR
Jan 1, 2009
54.78 B INR
1.99 B INR
-1.6 B INR
Jan 1, 2010
51.63 B INR
2.53 B INR
696 M INR
Jan 1, 2011
56.13 B INR
4.77 B INR
3.04 B INR
Jan 1, 2012
65.18 B INR
6 B INR
3.7 B INR
Jan 1, 2013
72.48 B INR
5.98 B INR
5.81 B INR
Jan 1, 2014
81.86 B INR
6.7 B INR
4.46 B INR
Jan 1, 2015
85.69 B INR
6.41 B INR
3.85 B INR
Jan 1, 2016
80.14 B INR
6.64 B INR
13 B INR
Jan 1, 2017
66.13 B INR
7.07 B INR
4.95 B INR
Jan 1, 2018
82.69 B INR
9.17 B INR
6.62 B INR
Jan 1, 2019
100.73 B INR
10.45 B INR
7.86 B INR
Jan 1, 2020
94.4 B INR
8.17 B INR
7.35 B INR

Havells India Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jun 16, 2026, 5:01 AM
 
REVENUE (B INR)
REVENUE GROWTH (%)
GROSS MARGIN (%)
GROSS INCOME (B INR)
NET INCOME (B INR)
NET INCOME GROWTH (%)
DIV. (INR)
DIV. GROWTH (%)
SHARES (M)
DOCUMENTS
20222023202420252026e2027e2028e2029e
139.39168.16185.9217.78239.11278.35316.45328.86
33.2920.6410.5517.159.7916.4113.693.92
31.2929.3631.3431.8929.0524.9521.9521.12
43.6249.3758.2569.4669.4669.4669.4669.46
11.9710.7212.7114.7216.2420.3123.9124.73
14.57-10.4318.5715.8610.3125.0917.723.4
4.5151520411.9413.7-
-25233.33–33.33-80198.514.74–
626626.49626.72627.05627.05627.05627.05627.05
––––––––
Details

Income Statement Key Figures

ⓘ

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Havells India generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Havells India retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Havells India's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Havells India has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Havells India's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Havells India stock margins

The Havells India margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Havells India. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Havells India.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2006
32.04 %
9.77 %
6.31 %
Jan 1, 2007
29.83 %
8.8 %
6.6 %
Jan 1, 2008
40.18 %
5.56 %
3.22 %
Jan 1, 2009
40.98 %
3.63 %
-2.92 %
Jan 1, 2010
37.98 %
4.9 %
1.35 %
Jan 1, 2011
41.6 %
8.5 %
5.41 %
Jan 1, 2012
42.93 %
9.21 %
5.67 %
Jan 1, 2013
41.15 %
8.25 %
8.02 %
Jan 1, 2014
41.87 %
8.19 %
5.45 %
Jan 1, 2015
42.23 %
7.48 %
4.5 %
Jan 1, 2016
38.37 %
8.28 %
16.22 %
Jan 1, 2017
36.12 %
10.69 %
7.48 %
Jan 1, 2018
37.01 %
11.09 %
8.01 %
Jan 1, 2019
36.32 %
10.38 %
7.8 %
Jan 1, 2020
36.75 %
8.66 %
7.79 %

Havells India Stock Revenue, EBIT, Earnings per Share

The Havells India earnings per share therefore indicates how much revenue Havells India has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2006
19.26 INR
1.88 INR
1.21 INR
Jan 1, 2007
28.76 INR
2.53 INR
1.9 INR
Jan 1, 2008
90.63 INR
5.04 INR
2.92 INR
Jan 1, 2009
93.95 INR
3.42 INR
-2.75 INR
Jan 1, 2010
82.73 INR
4.06 INR
1.12 INR
Jan 1, 2011
89.95 INR
7.65 INR
4.87 INR
Jan 1, 2012
104.46 INR
9.62 INR
5.93 INR
Jan 1, 2013
116.15 INR
9.58 INR
9.32 INR
Jan 1, 2014
131.18 INR
10.74 INR
7.15 INR
Jan 1, 2015
137.33 INR
10.27 INR
6.18 INR
Jan 1, 2016
128.23 INR
10.62 INR
20.8 INR
Jan 1, 2017
105.81 INR
11.32 INR
7.91 INR
Jan 1, 2018
132.3 INR
14.68 INR
10.6 INR
Jan 1, 2019
161.17 INR
16.72 INR
12.58 INR
Jan 1, 2020
150.8 INR
13.06 INR
11.75 INR

Havells India business model & stock analysis

Havells India Ltd is an Indian company that was founded in 1958 and is headquartered in Delhi. The company operates in various sectors including electrical engineering, lighting, and household appliances. It started as a small electrical trading company and has grown over the years to become one of India's leading electrical conglomerates. Havells India Ltd is a publicly traded company and offers a wide range of products and services to customers in various industries. Its business model is based on the manufacturing and distribution of high-quality and innovative electrical products. The company has a differentiated marketing strategy for its various product lines and has a strong presence in rural and urban areas of India. Havells India Ltd operates in different business areas including electrical engineering, lighting, household appliances, and air conditioning. It has diversified and expanded its offerings through a series of acquisitions and acquisitions in recent years. The company is also a leading provider of solar products such as solar modules and solar heating devices. Havells India Ltd is known for its high-quality and durable products and has a strong presence in India as well as exporting to other countries. It has a network of more than 12,000 authorized dealers and distribution channels across the country. In summary, Havells India Ltd is a significant player in the Indian electrical market and offers a wide range of products and services. The company's continuous expansion and diversification have led to a strong balance sheet and a wider customer base.

Havells India SWOT Analysis

Strengths

1. Established brand in the electrical equipment industry.

2. Wide range of high-quality products.

3. Strong distribution network enabling market reach.

4. Robust financial performance and sustainable growth.

Weaknesses

1. Lack of global presence compared to some competitors.

2. Limited diversification in product portfolio.

3. Vulnerability to economic fluctuations.

Opportunities

1. Growing demand for energy-efficient products.

2. Expansion into emerging markets with untapped potential.

3. Technological advancements driving product innovation.

Threats

1. Intense competition from both domestic and international players.

2. Fluctuating raw material prices affecting profitability.

3. Regulatory changes impacting business operations.

Havells India Eulerpool Fair Value

Havells India historical P/E ratio, EBIT multiple, and P/S ratio

Havells India annual returns

Details

Annual Return

ⓘ

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Havells India shares outstanding

The number of shares was Havells India in 2025 — This indicates how many shares 627.054 M is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2006
521 M base_Shares
Jan 1, 2007
538 M base_Shares
Jan 1, 2008
552 M base_Shares
Jan 1, 2009
583 M base_Shares
Jan 1, 2010
624 M base_Shares
Jan 1, 2011
624 M base_Shares
Jan 1, 2012
624 M base_Shares
Jan 1, 2013
624 M base_Shares
Jan 1, 2014
624 M base_Shares
Jan 1, 2015
624 M base_Shares
Jan 1, 2016
625 M base_Shares
Jan 1, 2017
625 M base_Shares
Jan 1, 2018
625 M base_Shares
Jan 1, 2019
625 M base_Shares
Jan 1, 2020
626 M base_Shares

Havells India Dividend History

24 years of dividend payments · 3 consecutive increases

YearAnnual DividendYoY ChangePayments
20264INRYTD—1×
Jan 23, 20264INR↓ 33.3%1/1
202510INR↑ 11.1%2×
Jan 22, 20254INR↓ 33.3%1/2
May 23, 20256INR↑ 50.0%2/2
20249INR↑ 20.0%2×
20237.5INR↑ 66.7%2×
20224.5INR↓ 52.6%1×
20219.5INR↑ 137.5%3×
20204INR↓ 11.1%1×
20194.5INR↑ 12.5%1×
20184INR↑ 14.3%1×
20173.5INR↓ 41.7%1×

Havells India dividend history and estimates

In 2025, Havells India paid a dividend amounting to 10 INR. Dividend means that Havells India distributes a portion of its profits to its owners.

  • Max

Dividend
Dividend (Estimate)
Special dividend
Details
Date
Dividend
Dividend (Estimate)
Special dividend
Invalid Date
0 INR
2.5 INR
0 INR
Jan 1, 2007
2.5 INR
0 INR
0 INR
Jan 1, 2008
2.5 INR
0 INR
0 INR
Jan 1, 2009
2.5 INR
0 INR
0 INR
Jan 1, 2010
3.75 INR
0 INR
0 INR
Invalid Date
2.5 INR
-2 INR
0 INR
Jan 1, 2012
6.5 INR
0 INR
0 INR
Jan 1, 2013
7.5 INR
0 INR
0 INR
Jan 1, 2014
15 INR
0 INR
0 INR
Invalid Date
3 INR
1 INR
0 INR
Jan 1, 2016
6 INR
0 INR
3 INR
Jan 1, 2017
3.5 INR
0 INR
0 INR
Jan 1, 2018
4 INR
0 INR
0 INR
Jan 1, 2019
4.5 INR
0 INR
0 INR
Jan 1, 2020
4 INR
0 INR
0 INR

Havells India dividend payout ratio

In 2025, Havells India had a payout ratio of 33.78%. The payout ratio indicates the percentage of the company's profits that Havells India distributes as dividends.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2006
10.33 %
Jan 1, 2007
13.16 %
Jan 1, 2008
8.56 %
Jan 1, 2009
-9.09 %
Jan 1, 2010
33.78 %
Jan 1, 2011
10.27 %
Jan 1, 2012
21.92 %
Jan 1, 2013
16.09 %
Jan 1, 2014
41.96 %
Jan 1, 2015
48.62 %
Jan 1, 2016
28.82 %
Jan 1, 2017
44.25 %
Jan 1, 2018
37.77 %
Jan 1, 2019
35.8 %
Jan 1, 2020
34.07 %
Price targets and forecasts for Havells India are not yet available.

Havells India Earnings Estimates

Havells India Earnings Estimates

DateEPS estimateRevenue EstimateQuarterly report
5/1/20246.81INR59.06 BINR2024 Q4
1/17/20245.67INR46.61 BINR2024 Q3

EESG©

Eulerpool ESG Scorecard© for the Havells India stock

74/100
99
Environment
71
Social
52
Governance
E

Environment

20
Scope 1 - Direct Emissions59,517.3
Scope 2 - Indirect emissions from purchased energy86,561.69
Scope 3 - Indirect emissions within the value chain1,315,276.444
Total CO₂ emissions146,078.99
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather—
Pesticides—
Palm Oil—
Tobacco
Genetically modified organisms
Climate concept—
Sustainable forestry—
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees5.438
Percentage of women in management—
Percentage of Asian employees—
Share of Asian management—
Percentage of Hispanic/Latino employees—
Hispano/Latino Management share—
Percentage of Black employees—
Black Management Share—
Percentage of white employees—
White Management Share—
Adult content
Alcohol
Weapons—
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept—
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Havells India shareholder structure

% Name
41.24056%
QRG Enterprises, Ltd.
QRG Enterprises, Ltd.
12.34746%
Gupta (Anil Rai)
Gupta (Anil Rai)
5.81006%
Gupta (Surjeet Kumar)
Gupta (Surjeet Kumar)
5.27187%
Life Insurance Corporation of India
Life Insurance Corporation of India
4.1177%
Nalanda India Equity Fund Ltd.
Nalanda India Equity Fund Ltd.
2.05888%
HDFC Asset Management Co., Ltd.
HDFC Asset Management Co., Ltd.
1.60551%
Norges Bank Investment Management (NBIM)
Norges Bank Investment Management (NBIM)
1.24365%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
1.09026%
UTI Asset Management Co. Ltd.
UTI Asset Management Co. Ltd.
1.01421%
GIC Private Limited
GIC Private Limited
...

Havells India Executives and Management Board

SG

Shri. Anil Gupta

(55)

Executive Chairman of the Board, Chief Executive Officer, Managing Director · since 1992

Compensation305.26 M INR
SG

Shri. Rajesh Gupta

(67)

Group Chief Financial Officer, Director - Finance, Executive Whole-Time Director

Compensation163.7 M INR
SG

Shri. Ameet Gupta

(52)

Executive Whole-Time Director · since 2014

Compensation121.99 M INR
SP

Shri. Siddhartha Pandit

(56)

Executive Whole-Time Director · since 2019

Compensation11.99 M INR
SG

Shri. Sanjay Gupta

Senior Vice President, Compliance Officer, Company Secretary

Compensation8.71 M INR

Frequently asked questions about Havells India

Havells India Ltd operates on a diversified business model. As a leading electrical equipment company in India, Havells manufactures and sells a wide range of products including switchgear, cables, lighting, fans, and home appliances. The company focuses on innovation, quality, and customer satisfaction, which has enabled it to establish a strong presence in both domestic and international markets. Havells India Ltd also operates through various subsidiaries, allowing it to diversify its product offerings and reach a larger customer base. With a commitment to sustainability and continuous improvement, Havells India Ltd strives to provide reliable and efficient electrical solutions to its customers.

All fundamentals and in-depth analysis of Havells India

Our stock analysis for Havells India Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Havells India Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.

Havells India Stock
Havells India Revenue→
Havells India Stock
Havells India Net Income→
Havells India Stock
Havells India P/E→
Havells India Stock
Havells India P/S→
Havells India Stock
Havells India EBIT→
Havells India Stock
Havells India Dividend→
Havells India Stock
Havells India Directors Dealings→
Havells India Stock
Havells India Stocks→
Havells India Stock
Havells India Market capitalization→
Havells India Stock
Havells India Debt→
Havells India Stock
Havells India Liabilities→
Havells India Stock
Havells India Equity→
Havells India Stock
Havells India AAQS→
Havells India Stock
Havells India Employees→
Havells India Stock
Havells India ROE→
Havells India Stock
Havells India ROA→
Havells India Stock
Havells India ROCE→