Havells India (HAVELLS.NS) Stock Price

Havells India Price

NSE·CLOSED
1,260.70INR+21.70 (+1.74 %)
Market closed

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 10.0% several years earlier. Havells India currently offers a dividend yield of about 0.79%. The payout ratio is around 43% of earnings. The dividend has grown at 7.6% per year over the past 19 years. Analysts set a median price target of 1,680.45 INR, implying 33.3% above the current price. Of 45 analysts, 30 rate the stock a buy — an overall Buy consensus. The stock trades about 12% above its 52-week low.

Havells India stock price

Volume
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
7/31/20261,260.70 INR
7/30/20261,239.00 INR
7/28/20261,236.10 INR
7/27/20261,237.40 INR
7/24/20261,226.90 INR
7/23/20261,207.80 INR
7/22/20261,207.10 INR
7/21/20261,217.60 INR
7/20/20261,200.30 INR
7/17/20261,166.80 INR
7/15/20261,177.40 INR
7/14/20261,187.30 INR
7/13/20261,178.80 INR
7/10/20261,188.40 INR
7/9/20261,190.80 INR
7/8/20261,207.80 INR
7/7/20261,225.00 INR
7/6/20261,181.50 INR
7/3/20261,180.60 INR
7/2/20261,186.70 INR
7/1/20261,188.80 INR
6/30/20261,159.30 INR
6/29/20261,156.10 INR
6/25/20261,178.30 INR
6/24/20261,186.20 INR
6/23/20261,174.80 INR
6/22/20261,181.30 INR
6/19/20261,176.30 INR
6/18/20261,194.40 INR
6/17/20261,196.80 INR
6/16/20261,180.20 INR
6/15/20261,179.50 INR
6/12/20261,154.10 INR
6/11/20261,129.00 INR
6/10/20261,158.10 INR
6/9/20261,150.50 INR
6/8/20261,140.30 INR
6/5/20261,150.50 INR
6/4/20261,166.40 INR
6/3/20261,156.40 INR
6/2/20261,174.60 INR
6/1/20261,143.20 INR
5/29/20261,176.80 INR
5/27/20261,211.00 INR
5/26/20261,201.00 INR
5/25/20261,203.80 INR
5/22/20261,200.90 INR
5/21/20261,209.70 INR
5/20/20261,194.40 INR
5/19/20261,207.20 INR
5/18/20261,194.80 INR
5/15/20261,209.60 INR
5/14/20261,210.80 INR
5/13/20261,199.20 INR
5/12/20261,190.90 INR
5/11/20261,230.00 INR
5/8/20261,255.20 INR
5/7/20261,268.90 INR
5/6/20261,257.30 INR
5/5/20261,239.60 INR
5/4/20261,256.60 INR
5/1/20261,240.60 INR
4/30/20261,240.60 INR
4/29/20261,252.50 INR
4/28/20261,272.20 INR
4/27/20261,274.10 INR
4/24/20261,238.60 INR
4/23/20261,260.30 INR
4/22/20261,348.70 INR
4/21/20261,328.80 INR
4/20/20261,302.10 INR
4/17/20261,306.40 INR
4/16/20261,291.10 INR
4/15/20261,285.20 INR
4/13/20261,273.90 INR
4/10/20261,281.70 INR
4/9/20261,257.00 INR
4/8/20261,246.40 INR
4/7/20261,234.10 INR
4/6/20261,206.60 INR
4/2/20261,180.60 INR
4/1/20261,186.00 INR
3/30/20261,194.00 INR
3/27/20261,231.60 INR
3/25/20261,290.00 INR
3/24/20261,234.00 INR
3/23/20261,230.00 INR
3/20/20261,282.90 INR
3/19/20261,294.30 INR
3/18/20261,338.00 INR
3/17/20261,308.00 INR
3/16/20261,294.10 INR
3/13/20261,319.30 INR
3/12/20261,354.70 INR
3/11/20261,361.10 INR
3/10/20261,354.70 INR
3/9/20261,332.40 INR
3/6/20261,351.00 INR
3/5/20261,349.70 INR
2/27/20261,392.70 INR
2/26/20261,413.70 INR
2/25/20261,416.00 INR
2/24/20261,408.00 INR
2/23/20261,412.80 INR
2/20/20261,412.90 INR
2/19/20261,400.00 INR
2/18/20261,434.80 INR
2/17/20261,434.40 INR
2/16/20261,417.30 INR
2/13/20261,404.00 INR
2/12/20261,400.50 INR
2/11/20261,383.80 INR
2/10/20261,373.10 INR
2/9/20261,369.50 INR
2/6/20261,355.00 INR
2/5/20261,350.20 INR
2/4/20261,344.00 INR
2/3/20261,316.00 INR
2/2/20261,280.00 INR
1/30/20261,285.00 INR
1/29/20261,272.00 INR
1/28/20261,290.10 INR
1/27/20261,294.80 INR
1/23/20261,287.00 INR
1/22/20261,315.90 INR
1/21/20261,315.80 INR
1/20/20261,344.90 INR
1/19/20261,447.10 INR
1/16/20261,421.00 INR
1/14/20261,437.50 INR
1/13/20261,431.70 INR
1/12/20261,450.00 INR
1/9/20261,464.90 INR
1/8/20261,479.90 INR
1/7/20261,494.00 INR
1/6/20261,501.70 INR
1/5/20261,453.50 INR
1/2/20261,439.90 INR
1/1/20261,419.50 INR
12/31/20251,424.90 INR
12/30/20251,420.00 INR
12/29/20251,412.00 INR
12/26/20251,417.60 INR
12/24/20251,421.00 INR
12/23/20251,426.80 INR
12/22/20251,431.00 INR
12/19/20251,416.90 INR
12/18/20251,400.30 INR
12/17/20251,397.00 INR
12/16/20251,412.00 INR
12/15/20251,412.30 INR
12/12/20251,409.60 INR
12/11/20251,402.40 INR
12/10/20251,386.00 INR
12/9/20251,417.00 INR
12/8/20251,406.00 INR
12/5/20251,436.50 INR
12/4/20251,433.50 INR
12/3/20251,420.60 INR
12/2/20251,420.40 INR
12/1/20251,435.30 INR
11/28/20251,443.90 INR
11/27/20251,434.60 INR
11/26/20251,438.20 INR
11/25/20251,418.90 INR
11/24/20251,416.00 INR
11/21/20251,440.80 INR
11/20/20251,448.00 INR
11/19/20251,444.30 INR
11/18/20251,465.30 INR
11/17/20251,480.40 INR
11/14/20251,468.20 INR
11/13/20251,466.10 INR
11/12/20251,454.20 INR
11/11/20251,443.60 INR
11/10/20251,456.00 INR
11/7/20251,448.50 INR
11/6/20251,442.30 INR
11/4/20251,486.40 INR
11/3/20251,498.00 INR
10/31/20251,491.00 INR
10/30/20251,504.00 INR
10/29/20251,509.40 INR
10/28/20251,480.60 INR
10/27/20251,489.00 INR
10/24/20251,494.00 INR
10/23/20251,498.00 INR
10/21/20251,484.10 INR
10/20/20251,485.40 INR
10/17/20251,487.30 INR
10/16/20251,475.80 INR
10/15/20251,464.20 INR
10/14/20251,449.10 INR
10/13/20251,473.10 INR
10/10/20251,499.90 INR
10/9/20251,485.80 INR
10/8/20251,504.70 INR
10/7/20251,502.30 INR
10/6/20251,497.70 INR
10/3/20251,488.10 INR
10/1/20251,485.20 INR
9/30/20251,503.60 INR
9/29/20251,505.20 INR
9/26/20251,507.40 INR
9/25/20251,539.60 INR
9/24/20251,541.20 INR
9/23/20251,569.80 INR
9/22/20251,581.30 INR
9/19/20251,592.40 INR
9/18/20251,594.00 INR
9/17/20251,593.80 INR
9/16/20251,614.00 INR
9/15/20251,600.00 INR
9/12/20251,575.30 INR
9/11/20251,572.00 INR
9/10/20251,577.00 INR
9/9/20251,587.10 INR
9/8/20251,583.00 INR
9/5/20251,582.50 INR
9/4/20251,585.90 INR
9/3/20251,572.00 INR
9/2/20251,582.80 INR
9/1/20251,572.10 INR
8/29/20251,525.60 INR
8/28/20251,515.00 INR
8/26/20251,534.80 INR
8/25/20251,558.30 INR
8/22/20251,556.00 INR
8/21/20251,553.60 INR
8/20/20251,569.00 INR
8/19/20251,568.10 INR
8/18/20251,552.60 INR
8/14/20251,479.20 INR
8/13/20251,465.20 INR
8/12/20251,464.80 INR
8/11/20251,474.20 INR
8/8/20251,491.90 INR
8/7/20251,495.90 INR
8/6/20251,488.70 INR
8/5/20251,500.00 INR
8/4/20251,507.50 INR
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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, 2023
168.16 B INR
12.08 B INR
10.72 B INR
Jan 1, 2024
185.90 B INR
15.04 B INR
12.71 B INR
Jan 1, 2025
217.78 B INR
17.55 B INR
14.72 B INR
Jan 1, 2026 (e)
231.07 B INR
22.96 B INR
15.45 B INR
Jan 1, 2027 (e)
260.69 B INR
25.91 B INR
17.10 B INR
Jan 1, 2028 (e)
296.76 B INR
29.49 B INR
20.53 B INR
Jan 1, 2029 (e)
336.16 B INR
33.41 B INR
24.19 B INR
Jan 1, 2030 (e)
371.79 B INR
36.95 B INR
30.66 B INR

Havells India Income Statement, Balance Sheet, Cash Flow Statement

Last updated Aug 3, 2026, 7:57 AM
 
REVENUEB INR
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEB INR
EBITB INR
EBIT MARGIN%
NET INCOMEB INR
NET INCOME GROWTH%
DIV.INR
DIV. GROWTH%
SHARESM
20162017201820192020202120222023202420252026e2027e2028e2029e2030e2031e
80.1466.1382.69100.7394.40104.57139.39168.16185.90217.78231.07260.69296.76336.16371.79471.37
-6.48-17.4925.0421.82-6.2810.7733.2920.6410.5517.156.1012.8213.8413.2810.6026.78
38.3736.1237.0136.3236.7536.6731.2929.3631.3431.8931.8931.8931.8931.8931.8931.89
30.7523.8930.6036.5934.6938.3443.6249.3758.2569.4673.6983.1494.64107.21118.57150.33
6.647.079.1710.458.1713.2715.0012.0815.0417.5522.9625.9129.4933.4136.9546.84
8.2810.6911.0910.388.6612.6810.767.198.098.069.949.949.949.949.949.94
13.004.956.627.867.3510.4411.9710.7212.7114.7215.4517.1020.5324.1930.6642.20
237.34-61.9633.9518.66-6.4442.0014.57-10.4318.5715.864.9610.6520.0417.8426.7837.63
6.003.504.004.504.006.004.5015.0015.0020.0010.0012.0014.40–––
50.00-41.6714.2912.50-11.1150.00-25.00233.33–33.33-50.0020.0020.00–––
625.00625.00625.00625.00626.00626.00626.00626.49626.72627.05627.05627.05627.05627.05627.05627.05
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, 2021
36.67 %
12.68 %
9.99 %
Jan 1, 2022
31.29 %
10.76 %
8.58 %
Jan 1, 2023
29.36 %
7.19 %
6.37 %
Jan 1, 2024
31.34 %
8.09 %
6.84 %
Jan 1, 2025
31.89 %
8.06 %
6.76 %
Jan 1, 2026 (e)
31.89 %
9.94 %
6.69 %
Jan 1, 2027 (e)
31.89 %
9.94 %
6.56 %
Jan 1, 2028 (e)
31.89 %
9.94 %
6.92 %

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, 2021
167.05 INR
21.19 INR
16.68 INR
Jan 1, 2022
222.66 INR
23.96 INR
19.11 INR
Jan 1, 2023
268.41 INR
19.29 INR
17.11 INR
Jan 1, 2024
296.62 INR
24.00 INR
20.28 INR
Jan 1, 2025
347.31 INR
27.98 INR
23.48 INR
Jan 1, 2026 (e)
368.50 INR
36.62 INR
24.64 INR
Jan 1, 2027 (e)
415.73 INR
41.31 INR
27.27 INR
Jan 1, 2028 (e)
473.26 INR
47.03 INR
32.73 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

Details

Fair Value Estimate

ⓘ

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

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 of Havells India was 627.05 M in 2025. This indicates how many shares Havells India 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, 2021
626.00 M Stocks
Jan 1, 2022
626.00 M Stocks
Jan 1, 2023
626.49 M Stocks
Jan 1, 2024
626.72 M Stocks
Jan 1, 2025
627.05 M Stocks
Jan 1, 2026 (e)
627.05 M Stocks
Jan 1, 2027 (e)
627.05 M Stocks
Jan 1, 2028 (e)
627.05 M Stocks

Havells India stock splits

In Havells India's history, there have been no stock splits.

Havells India Dividend History

24 years of dividend payments · 3 consecutive increases

YearAnnual DividendYoY ChangePayments
20264.00INRYTD—1×
Jan 23, 20264.00INR↓ 33.3%1/1
202510.00INR↑ 11.1%2×
Jan 22, 20254.00INR↓ 33.3%1/2
May 23, 20256.00INR↑ 50.0%2/2
20249.00INR↑ 20.0%2×
20237.50INR↑ 66.7%2×
20224.50INR↓ 52.6%1×
20219.50INR↑ 137.5%3×
20204.00INR↓ 11.1%1×
20194.50INR↑ 12.5%1×
20184.00INR↑ 14.3%1×
20173.50INR↓ 41.7%1×

Havells India dividend history and estimates

In 2025, Havells India paid a dividend amounting to 10.00 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
Jan 1, 2021 (e)
9.50 INR
-3.50 INR
0.00 INR
Jan 1, 2022
4.50 INR
0.00 INR
0.00 INR
Jan 1, 2023 (e)
7.50 INR
7.50 INR
0.00 INR
Jan 1, 2024 (e)
9.00 INR
6.00 INR
0.00 INR
Jan 1, 2025 (e)
10.00 INR
10.00 INR
0.00 INR
Jan 1, 2026
10.00 INR
0.00 INR
0.00 INR
Jan 1, 2027 (e)
0.00 INR
12.00 INR
0.00 INR
Jan 1, 2028 (e)
0.00 INR
14.40 INR
0.00 INR

Havells India dividend payout ratio

In 2025, Havells India had a payout ratio of 42.59%. 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, 2021
56.95 %
Jan 1, 2022
23.56 %
Jan 1, 2023
43.84 %
Jan 1, 2024
44.39 %
Jan 1, 2025
42.59 %
Jan 1, 2026 (e)
40.58 %
Jan 1, 2027 (e)
44.01 %
Jan 1, 2028 (e)
43.99 %

Current Havells India forecasts and price targets in August 2026

Analyst Price Targets 2026
Δ MOM Price Target
1.35 %
Buy
66.67 % (30)
Hold
26.67 % (12)
Sell
6.67 % (3)
12M Price Target
1,680.45
Last Price
1,260.70
Currency
INR
12M Return Potential
33.30 %
LTM Return
0 %

Havells India Earnings Estimates & Surprises

DateEPS estimateEPS ActualRevenue EstimatePrice reactionQuarterly report
5/1/20246.81INR-59.06 BINR-2024 Q4
1/17/20245.67INR-46.61 BINR-2024 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
4.11770%
Nalanda India Equity Fund Ltd.
Nalanda India Equity Fund Ltd.
2.05888%
HDFC Asset Management Co., Ltd.
HDFC Asset Management Co., Ltd.
...

Havells India Beneficial Ownership Filings (SEC 13D/G)

Free Float
39.3%
Float Shares
-
Shares Outstanding
-

Havells India Executives and Management Board

15 members · avg. age 63 · 7 % women

SG

Shri. Anil Gupta (55)

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

305.26 M INR

Management

SG

Shri. Rajesh Gupta (67)

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

163.70 M INR
SG

Shri. Sanjay Gupta

Senior Vice President, Compliance Officer, Company Secretary

8.71 M INR

Board of Directors

SG

Shri. Ameet Gupta (52)

Executive Whole-Time Director · since 2014

121.99 M INR
SP

Shri. Siddhartha Pandit (56)

Executive Whole-Time Director · since 2019

11.99 M INR
SK

Smt. Namrata Kaul (60)

Non-Executive Independent Director

3.50 M INR
SS

Shri. Upendra Sinha (72)

Non-Executive Lead Independent Director

3.40 M INR
SD

Shri. Jalaj Dani (54)

Non-Executive Independent Director

3.40 M INR
SR

Shri. Bontha Rao (70)

Non-Executive Independent Director

3.40 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.

Havells India Ltd is primarily active in the electrical equipment industry. With a focus on manufacturing and selling a wide range of electrical products, Havells operates in segments including domestic & industrial circuit protection devices, cables & wires, motors, fans, lighting, and more. The company provides innovative and energy-efficient solutions, catering to both residential and commercial markets. Havells India Ltd has established itself as a leading player in the electrical industry, known for its high-quality products and reliable performance.

The main competitors of Havells India Ltd in the market are companies like Siemens, Schneider Electric, and ABB.

Havells India Ltd. is a leading electrical equipment company in India. Established in 1958, the company has a rich history of over six decades. Havells India Ltd. started as a small industrial switchgear company and has since evolved into a diversified electrical products organization. It boasts a strong presence in various sectors including consumer durables, cables and wires, lighting, and electrical appliances. With a focus on innovation, quality, and customer satisfaction, Havells India Ltd. has become a household name in India. The company's commitment to technological advancements and manufacturing excellence has garnered it a strong reputation in the market. Today, Havells India Ltd. is globally recognized for its wide range of high-quality electrical products and services.

Havells India Ltd., a renowned company in the electrical equipment industry, has achieved significant milestones throughout its journey. Over the years, the company has successfully expanded its product range and geographical presence, solidifying its position in the market. Havells India Ltd. has consistently focused on innovation and quality, leading to the development of cutting-edge electrical solutions that cater to diverse customer needs. The company's commitment to sustainable practices and corporate governance has also been recognized. Havells India Ltd. has received numerous accolades, including prestigious awards for its excellence in manufacturing, marketing, and customer satisfaction. With a strong track record of achievements, Havells India Ltd. continues to be a leading force in the industry.

Havells India Ltd is primarily present in various countries and regions across the globe. The company has a strong global footprint and operates in several key markets. Havells India Ltd has a significant presence in India, its home country, and has established a strong market position here. Additionally, the company has expanded its operations internationally, with a focus on regions like Europe, Africa, Latin America, and the Asia Pacific. Havells India Ltd's presence in multiple countries and regions exemplifies its strategy to cater to a diverse customer base and tap into different market opportunities for sustained growth and success.

Havells India Ltd represents strong values and a robust corporate philosophy. The company is committed to delivering high-quality products and services to its customers. Havells India Ltd focuses on innovation, sustainability, and customer-centricity, ensuring that the needs of its consumers are met effectively. The company strives to maintain ethical practices, transparency, and integrity in all its operations. With its unwavering dedication to innovation and customer satisfaction, Havells India Ltd has become a leading player in the electrical equipment industry.

Analysts currently set an average price target of 1,677.34 INR for the Havells India stock (median: 1,680.45 INR), implying +33.0 % versus the latest price. The consensus is based on 45 analyst ratings.

Havells India Analyst Price Targets 2026

45 analysts currently rate the Havells India stock: 30 recommend buying, 12 holding and 3 selling. For 2026, analysts expect Havells India to generate revenue of 231.07 B INR and earnings per share of 24.64 INR.

Havells India Analyst Price Targets 2026

Converted at the current exchange rate, the Havells India share trades at 11.48 EUR (1,260.70 INR).

Havells India Ltd is a leading electronics manufacturer that offers a wide range of products. From household appliances to industrial solutions, the company operates in various sectors.

The expected revenue of Havells India is 231.07 B INR. This figure is based on current financial data and reflects the company's business performance.

The expected profit of Havells India is 15.45 B INR. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of Havells India is currently 51.16. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the Havells India stock.

The price-to-sales ratio (P/S) of Havells India is currently 3.42. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the Havells India stock.

The Eulerpool Quality Score for Havells India is 8/10.

The ISIN of Havells India is INE176B01034. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The ticker of Havells India is HAVELLS.NS. The ticker symbol is used to trade Havells India shares on the stock exchange.

Over the past 12 months, Havells India paid a dividend of 10.00 INR . This corresponds to a dividend yield of about 0.79 %. For the coming 12 months, Havells India is expected to pay a dividend of 12.00 INR.

The current dividend yield of Havells India is 0.79 %.

Havells India pays a dividend, distributed in the months of , , , .

Havells India paid dividends every year for the past 20 years.

For the upcoming 12 months, dividends amounting to 12.00 INR are expected. This corresponds to a dividend yield of 0.95 %.

Havells India is assigned to the 'Industry' sector.

To receive the latest dividend of Havells India from amounting to 4 INR, you needed to have the stock in your portfolio before the ex-date on .

The last dividend was paid out on .

In the year 2025, Havells India distributed 7.5 INR as dividends.

The dividends of Havells India are distributed in INR.

All fundamentals and in-depth analysis of Havells India

Our stock analysis for Havells India 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. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.

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