pocketful logo
Havells India Ltd logo

Havells India Ltd

NSE: HAVELLS BSE: 517354

1285

(0.87)%

Sat, 31 Jan 2026, 00:57 pm

Analysis

dividend

thumbs up icon

Pros

  • 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).
thumbs up icon

Cons

  • 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

thumbs up icon

Pros

  • 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.
thumbs up icon

Cons

  • 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

thumbs up icon

Pros

  • 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%).
thumbs up icon

Cons

  • High level of physical assets or inventory.

management

thumbs up icon

Pros

  • 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.
thumbs up icon

Cons

  • 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

thumbs up icon

Pros

  • 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.
thumbs up icon

Cons

  • 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

thumbs up icon

Pros

  • 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.
thumbs up icon

Cons

  • 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.

Open Your Free Demat Account Now!

Step into a world of zero fees and limitless opportunities!

pocketful logo

2022-25 Pocketful. All rights reserved, Built with in India

Version -5.76

app image 1app image 2

Explore

Calculatorsfooter arrow down icon
Popular Calculatorsfooter arrow down icon
Group Stocksfooter arrow down icon

Pocketful Fintech Capital Private Limited (CIN U65999DL2021PTC390548) | The SEBI Registration No. allotted to us is INZ000313732. NSE Member Code: 90326 | BSE Member Code: 6808 | MCX Member Code: 57120 DP | CDSL: 12099800