Havells India Ltd
NSE: HAVELLS BSE: 517354
â‚ą1031
-42 (3.91%)
Wed, 28 Oct 2026, 10:38 pm
Market Cap (in Cr)64764.36
PE Ratio38.90
Dividend0.97
Producer Manufacturing
Electrical Products
24.5KHavells India Analysis
dividend
- Dividends per share have increased over the past 10 years.
- Dividends paid are well covered by earnings (2.9x coverage).
- Dividends after 3 years are expected to be well covered by earnings (2.9x coverage).
- Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
- Havells India's pays a lower dividend yield than the bottom 25% of dividend payers in India (0.76%).
- Havells India's dividend is below the markets top 25% of dividend payers in India (3.08%).
future
- Havells India's earnings growth is expected to exceed the low risk savings rate of 7.2%.
- Havells India's earnings are expected to increase by more than the low risk growth rate in 3 years time.
- Performance (ROE) is expected to be above the current IN Electrical industry average.
- An improvement in Havells India's performance (ROE) is expected over the next 3 years.
- Havells India's revenue growth is expected to exceed the India market average.
- Cash flow for Havells India is expected to increase but not above the 50% threshold in 2 years time.
- Havells India's earnings are expected to grow by 10.8% yearly, however this is not considered high growth (20% yearly).
- Havells India's earnings growth is positive but not above the India market average.
- Havells India's earnings are expected to decrease over the next year.
- Havells India's net income is expected to increase but not above the 50% threshold in 2 years time.
- Havells India is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
- Havells India's revenue is expected to increase but not above the 50% threshold in 2 years time.
- Havells India's revenue is expected to grow by 10% yearly, however this is not considered high growth (20% yearly).
health
- Havells India is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Havells India is profitable, therefore cash runway is not a concern.
- Havells India is profitable, therefore cash runway is not a concern.
- Debt is well covered by operating cash flow (2041.3%, greater than 20% of total debt).
- Debt is covered by short term assets, assets are 85.9x debt.
- Havells India's cash and other short term assets cover its long term commitments.
- The level of debt compared to net worth has been reduced over the past 5 years (23% vs 0.9% today).
- Havells India earns more interest than it pays, coverage of interest payments is not a concern.
- Havells India's level of debt (0.9%) compared to net worth is satisfactory (less than 40%).
- High level of physical assets or inventory.
management
- The tenure for the Havells India board of directors is about average.
- Anil's compensation has been consistent with company performance over the past year, both up more than 20%.
- The average tenure for the Havells India management team is over 5 years, this suggests they are a seasoned and experienced team.
- Anil's remuneration is higher than average for companies of similar size in India.
- Havells India individual insiders have only sold shares in the past 3 months.
past
- Havells India's year on year earnings growth rate has been positive over the past 5 years.
- Havells India used its assets more efficiently than the IN Electrical industry average last year based on Return on Assets.
- Havells India's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- Havells India's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
- Havells India has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Havells India's 1-year earnings growth is negative, it can't be compared to the IN Electrical industry average.
value
- 517354 outperformed the Electrical industry which returned -33.5% over the past year.
- BSE:517354 is up 13.4% outperforming the Electrical industry which returned 9.3% over the past month.
- BSE:517354 is up 13.4% outperforming the market in India which returned 8% over the past month.
- Havells India's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).
- Havells India's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).
- Havells India is overvalued based on assets compared to the IN Electrical industry average.
- Havells India is poor value based on expected growth next year.
- Havells India is overvalued based on earnings compared to the IN Electrical industry average.
- Havells India is overvalued based on earnings compared to the India market.
- 517354 underperformed the Market in India which returned -14.5% over the past year.
