Havells India Ltd

NSE: HAVELLS BSE: 517354

₹1031

-42 (3.91%)

Wed, 28 Oct 2026, 00:21 pm

MTF 5xInvest in Havells India Ltd with 5x Leverage Buy with MTF

Market Cap (in Cr)64764.36

PE Ratio38.90

Dividend0.97

Producer Manufacturing

Electrical Products

24.5K

Havells India Financials

Income Statement Balance Sheet Cashflow

Particulars	Mar 2006	Mar 2007	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Total revenue	9.90B	15.30B	49.79B	54.63B	54.22B	55.16B	64.51B	71.21B	80.55B	84.75B	76.05B	61.48B	81.10B	100.63B	94.32B	104.47B	139.28B	169.01B	185.77B	217.50B
Gross profit	866.50M	1.29B	11.83B	12.07B	14.18B	12.77B	17.06B	17.25B	19.74B	20.46B	19.09B	15.74B	20.87B	23.89B	20.70B	24.26B	27.72B	30.79B	35.03B	41.22B
Operating expenses (excl. COGS)	-56.67M	-66.77M	-9.28B	-10.23B	-11.68B	-8.01B	-10.91B	-11.31B	-13.06B	-14.08B	-12.40B	-8.65B	-11.96B	-13.01B	-12.09B	-10.73B	-12.44B	-17.38B	-19.44B	-23.35B
Selling/general/admin expenses, total	-16.49M	—	—	-406.90M	-11.35B	-7.87B	-10.34B	-9.88B	-11.15B	-11.98B	-10.70B	-7.35B	-10.04B	-10.98B	-10.14B	-8.25B	-10.30B	-14.43B	-16.99B	-19.71B
Research & development	-14.75M	-37.43M	-432.60M	-406.90M	-387.40M	-374.40M	-420.00M	-547.00M	-715.70M	-738.10M	-695.40M	-471.40M	-553.40M	-681.50M	—	—	—	-1.48B	-1.80B	-2.27B
Selling/general/admin expenses, other	—	—	—	—	-10.96B	-7.49B	-9.92B	-9.33B	-10.43B	-11.24B	-10.00B	-6.88B	-9.48B	-10.98B	-10.14B	-8.25B	-10.30B	-12.95B	-15.19B	-17.44B
Other operating expenses, total	-56.67M	-66.77M	-9.28B	-9.83B	-331.40M	-147.20M	-571.40M	-1.43B	-1.91B	-2.10B	-1.70B	-1.29B	-1.93B	-2.04B	-1.95B	-2.48B	-2.15B	-2.95B	-2.45B	-3.64B
Operating income	809.83M	1.19B	2.56B	1.84B	2.50B	4.76B	6.15B	5.94B	6.68B	6.38B	6.69B	7.09B	8.91B	10.87B	8.61B	13.52B	15.27B	13.41B	15.59B	17.87B
Non-operating income, total	-36.61M	5.48M	-586.00M	-3.03B	-873.60M	-693.50M	-1.39B	700.40M	-742.90M	-693.10M	8.49B	66.50M	866.00M	601.40M	429.50M	850.70M	790.90M	1.06B	1.48B	2.03B
Interest expense, net of interest capitalized	-179.62M	-161.45M	-939.20M	-1.08B	-871.10M	-819.70M	-1.28B	-1.23B	-741.10M	-639.60M	-543.70M	-133.40M	-248.30M	-527.10M	-478.10M	-746.70M	-536.70M	-451.10M	-659.20M	-573.10M
Interest capitalized	0	0	0	0	6.20M	10.00M	0	7.00M	0	0	0	—	—	0	0	0	0	0	0	0
Non-operating income, excl. interest expenses	143.26M	167.43M	353.20M	39.80M	-2.50M	385.60M	-111.10M	150.90M	2.20M	68.20M	9.37B	199.90M	1.25B	1.04B	864.30M	1.56B	1.33B	1.51B	2.14B	2.52B
Non-operating interest income	4.80M	12.83M	32.00M	17.50M	15.60M	7.60M	16.50M	26.60M	282.70M	376.30M	531.30M	991.90M	456.00M	796.20M	766.00M	920.30M	891.90M	1.10B	1.83B	2.26B
Miscellaneous non-operating expense	138.46M	154.60M	321.20M	22.30M	-18.10M	378.00M	-127.60M	124.30M	-280.50M	-308.10M	8.84B	-795.20M	795.10M	239.90M	98.30M	643.20M	434.20M	405.90M	223.20M	214.50M
Unusual income/expense	-250.00K	-500.00K	—	-1.99B	—	-259.40M	—	1.78B	-4.00M	-121.70M	-337.00M	—	-136.80M	92.40M	43.30M	33.90M	1.50M	2.30M	0	80.20M
Pretax income	773.22M	1.19B	1.97B	-1.19B	1.63B	4.07B	4.76B	6.64B	5.94B	5.69B	15.18B	7.16B	9.77B	11.47B	9.04B	14.38B	16.07B	14.47B	17.07B	19.90B
Taxes	-140.35M	-168.98M	-359.40M	-410.80M	-931.30M	-1.03B	-1.06B	-823.60M	-1.48B	-1.84B	-2.19B	-2.29B	-3.04B	-3.59B	-1.69B	-3.93B	-4.10B	-3.75B	-4.37B	-5.20B
Non-controlling/minority interest	0	0	0	0	-400.00K	-3.60M	0	0	0	—	-3.40M	4.20M	14.00M	0	0	0	0	0	0	20.20M
After tax other income/expense	-220.00K	-360.00K	-500.00K	-700.00K	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net income before discontinued operations	632.65M	1.02B	1.61B	-1.60B	695.60M	3.03B	3.70B	5.81B	4.46B	3.85B	13.00B	4.83B	6.75B	7.88B	7.36B	10.44B	11.96B	10.72B	12.71B	14.72B
Net income	632.65M	1.02B	1.61B	-1.60B	695.60M	3.03B	3.70B	5.81B	4.46B	3.85B	13.00B	4.95B	6.62B	7.88B	7.35B	10.44B	11.96B	10.72B	12.71B	14.72B
Dilution adjustment	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Preferred dividends	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Diluted net income available to common stockholders	632.65M	1.02B	1.61B	-1.60B	695.60M	3.03B	3.70B	5.81B	4.46B	3.85B	13.00B	4.95B	6.62B	7.88B	7.35B	10.44B	11.96B	10.72B	12.71B	14.72B
Basic earnings per share (Basic EPS)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted earnings per share (Diluted EPS)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBITDA	875.44M	1.28B	3.27B	2.75B	3.34B	5.56B	7.10B	7.03B	7.84B	7.77B	8.03B	8.27B	10.29B	12.35B	10.79B	16.01B	17.88B	16.37B	18.98B	21.88B
EBIT	809.83M	1.19B	2.56B	1.84B	2.50B	4.76B	6.15B	5.94B	6.68B	6.38B	6.69B	7.09B	8.91B	10.87B	8.61B	13.52B	15.27B	13.41B	15.59B	17.87B
Total operating expenses	-9.09B	-14.12B	-47.24B	-52.79B	-51.72B	-50.40B	-58.37B	-65.28B	-73.86B	-78.37B	-69.36B	-54.38B	-72.19B	-89.76B	-85.71B	-90.95B	-124.00B	-155.59B	-170.17B	-199.62B
Prepaid expenses	131.28M	131.95M	198.30M	193.50M	—	—	391.50M	362.50M	338.80M	361.50M	103.40M	139.10M	151.80M	131.10M	94.90M	241.10M	278.60M	475.00M	455.50M	603.90M
Deferred income, current	—	—	—	—	—	—	—	—	634.70M	95.30M	110.30M	147.00M	308.60M	227.60M	546.40M	357.20M	570.30M	844.20M	1.01B	1.06B
Capital and operating lease obligations	10.38M	10.38M	1.14B	1.04B	358.20M	659.60M	110.40M	87.10M	71.10M	800.00K	0	0	0	897.40M	897.40M	1.02B	1.79B	1.87B	2.42B	2.41B
Operating lease liabilities	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Deferred tax liabilities	122.99M	157.09M	560.70M	811.40M	687.00M	932.20M	1.08B	839.00M	517.40M	895.50M	909.30M	1.18B	2.12B	3.39B	2.87B	3.39B	3.51B	3.62B	3.58B	3.75B
Deferred income, non-current	0	0	0	0	0	0	0	0	0	0	0	16.40M	—	26.30M	43.20M	45.70M	49.90M	41.00M	46.40M	57.80M
Minority interest	0	0	0	0	2.00M	5.80M	900.00K	900.00K	1.10M	900.00K	148.80M	90.50M	76.50M	0	0	0	0	0	0	171.80M
Change in accrued expenses	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Common dividends paid	-28.98M	-67.20M	-134.50M	-144.80M	-225.60M	-50.60M	-362.50M	-942.60M	-1.56B	-1.46B	-4.51B	-2.26B	-2.63B	-3.02B	-6.41B	-1.88B	-4.07B	-4.70B	-4.70B	-6.27B
Preferred dividends paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

Particulars	Mar 2006	Mar 2007	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Total revenue	9.90B	15.30B	49.79B	54.63B	54.22B	55.16B	64.51B	71.21B	80.55B	84.75B	76.05B	61.48B	81.10B	100.63B	94.32B	104.47B	139.28B	169.01B	185.77B	217.50B
Gross profit	866.50M	1.29B	11.83B	12.07B	14.18B	12.77B	17.06B	17.25B	19.74B	20.46B	19.09B	15.74B	20.87B	23.89B	20.70B	24.26B	27.72B	30.79B	35.03B	41.22B
Operating expenses (excl. COGS)	-56.67M	-66.77M	-9.28B	-10.23B	-11.68B	-8.01B	-10.91B	-11.31B	-13.06B	-14.08B	-12.40B	-8.65B	-11.96B	-13.01B	-12.09B	-10.73B	-12.44B	-17.38B	-19.44B	-23.35B
Selling/general/admin expenses, total	-16.49M	—	—	-406.90M	-11.35B	-7.87B	-10.34B	-9.88B	-11.15B	-11.98B	-10.70B	-7.35B	-10.04B	-10.98B	-10.14B	-8.25B	-10.30B	-14.43B	-16.99B	-19.71B
Research & development	-14.75M	-37.43M	-432.60M	-406.90M	-387.40M	-374.40M	-420.00M	-547.00M	-715.70M	-738.10M	-695.40M	-471.40M	-553.40M	-681.50M	—	—	—	-1.48B	-1.80B	-2.27B
Selling/general/admin expenses, other	—	—	—	—	-10.96B	-7.49B	-9.92B	-9.33B	-10.43B	-11.24B	-10.00B	-6.88B	-9.48B	-10.98B	-10.14B	-8.25B	-10.30B	-12.95B	-15.19B	-17.44B
Other operating expenses, total	-56.67M	-66.77M	-9.28B	-9.83B	-331.40M	-147.20M	-571.40M	-1.43B	-1.91B	-2.10B	-1.70B	-1.29B	-1.93B	-2.04B	-1.95B	-2.48B	-2.15B	-2.95B	-2.45B	-3.64B
Operating income	809.83M	1.19B	2.56B	1.84B	2.50B	4.76B	6.15B	5.94B	6.68B	6.38B	6.69B	7.09B	8.91B	10.87B	8.61B	13.52B	15.27B	13.41B	15.59B	17.87B
Non-operating income, total	-36.61M	5.48M	-586.00M	-3.03B	-873.60M	-693.50M	-1.39B	700.40M	-742.90M	-693.10M	8.49B	66.50M	866.00M	601.40M	429.50M	850.70M	790.90M	1.06B	1.48B	2.03B
Interest expense, net of interest capitalized	-179.62M	-161.45M	-939.20M	-1.08B	-871.10M	-819.70M	-1.28B	-1.23B	-741.10M	-639.60M	-543.70M	-133.40M	-248.30M	-527.10M	-478.10M	-746.70M	-536.70M	-451.10M	-659.20M	-573.10M
Interest capitalized	0	0	0	0	6.20M	10.00M	0	7.00M	0	0	0	—	—	0	0	0	0	0	0	0
Non-operating income, excl. interest expenses	143.26M	167.43M	353.20M	39.80M	-2.50M	385.60M	-111.10M	150.90M	2.20M	68.20M	9.37B	199.90M	1.25B	1.04B	864.30M	1.56B	1.33B	1.51B	2.14B	2.52B
Non-operating interest income	4.80M	12.83M	32.00M	17.50M	15.60M	7.60M	16.50M	26.60M	282.70M	376.30M	531.30M	991.90M	456.00M	796.20M	766.00M	920.30M	891.90M	1.10B	1.83B	2.26B
Miscellaneous non-operating expense	138.46M	154.60M	321.20M	22.30M	-18.10M	378.00M	-127.60M	124.30M	-280.50M	-308.10M	8.84B	-795.20M	795.10M	239.90M	98.30M	643.20M	434.20M	405.90M	223.20M	214.50M
Unusual income/expense	-250.00K	-500.00K	—	-1.99B	—	-259.40M	—	1.78B	-4.00M	-121.70M	-337.00M	—	-136.80M	92.40M	43.30M	33.90M	1.50M	2.30M	0	80.20M
Pretax income	773.22M	1.19B	1.97B	-1.19B	1.63B	4.07B	4.76B	6.64B	5.94B	5.69B	15.18B	7.16B	9.77B	11.47B	9.04B	14.38B	16.07B	14.47B	17.07B	19.90B
Taxes	-140.35M	-168.98M	-359.40M	-410.80M	-931.30M	-1.03B	-1.06B	-823.60M	-1.48B	-1.84B	-2.19B	-2.29B	-3.04B	-3.59B	-1.69B	-3.93B	-4.10B	-3.75B	-4.37B	-5.20B
Non-controlling/minority interest	0	0	0	0	-400.00K	-3.60M	0	0	0	—	-3.40M	4.20M	14.00M	0	0	0	0	0	0	20.20M
After tax other income/expense	-220.00K	-360.00K	-500.00K	-700.00K	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net income before discontinued operations	632.65M	1.02B	1.61B	-1.60B	695.60M	3.03B	3.70B	5.81B	4.46B	3.85B	13.00B	4.83B	6.75B	7.88B	7.36B	10.44B	11.96B	10.72B	12.71B	14.72B
Net income	632.65M	1.02B	1.61B	-1.60B	695.60M	3.03B	3.70B	5.81B	4.46B	3.85B	13.00B	4.95B	6.62B	7.88B	7.35B	10.44B	11.96B	10.72B	12.71B	14.72B
Dilution adjustment	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Preferred dividends	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Diluted net income available to common stockholders	632.65M	1.02B	1.61B	-1.60B	695.60M	3.03B	3.70B	5.81B	4.46B	3.85B	13.00B	4.95B	6.62B	7.88B	7.35B	10.44B	11.96B	10.72B	12.71B	14.72B
Basic earnings per share (Basic EPS)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted earnings per share (Diluted EPS)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBITDA	875.44M	1.28B	3.27B	2.75B	3.34B	5.56B	7.10B	7.03B	7.84B	7.77B	8.03B	8.27B	10.29B	12.35B	10.79B	16.01B	17.88B	16.37B	18.98B	21.88B
EBIT	809.83M	1.19B	2.56B	1.84B	2.50B	4.76B	6.15B	5.94B	6.68B	6.38B	6.69B	7.09B	8.91B	10.87B	8.61B	13.52B	15.27B	13.41B	15.59B	17.87B
Total operating expenses	-9.09B	-14.12B	-47.24B	-52.79B	-51.72B	-50.40B	-58.37B	-65.28B	-73.86B	-78.37B	-69.36B	-54.38B	-72.19B	-89.76B	-85.71B	-90.95B	-124.00B	-155.59B	-170.17B	-199.62B
Prepaid expenses	131.28M	131.95M	198.30M	193.50M	—	—	391.50M	362.50M	338.80M	361.50M	103.40M	139.10M	151.80M	131.10M	94.90M	241.10M	278.60M	475.00M	455.50M	603.90M
Deferred income, current	—	—	—	—	—	—	—	—	634.70M	95.30M	110.30M	147.00M	308.60M	227.60M	546.40M	357.20M	570.30M	844.20M	1.01B	1.06B
Capital and operating lease obligations	10.38M	10.38M	1.14B	1.04B	358.20M	659.60M	110.40M	87.10M	71.10M	800.00K	0	0	0	897.40M	897.40M	1.02B	1.79B	1.87B	2.42B	2.41B
Operating lease liabilities	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Deferred tax liabilities	122.99M	157.09M	560.70M	811.40M	687.00M	932.20M	1.08B	839.00M	517.40M	895.50M	909.30M	1.18B	2.12B	3.39B	2.87B	3.39B	3.51B	3.62B	3.58B	3.75B
Deferred income, non-current	0	0	0	0	0	0	0	0	0	0	0	16.40M	—	26.30M	43.20M	45.70M	49.90M	41.00M	46.40M	57.80M
Minority interest	0	0	0	0	2.00M	5.80M	900.00K	900.00K	1.10M	900.00K	148.80M	90.50M	76.50M	0	0	0	0	0	0	171.80M
Change in accrued expenses	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Common dividends paid	-28.98M	-67.20M	-134.50M	-144.80M	-225.60M	-50.60M	-362.50M	-942.60M	-1.56B	-1.46B	-4.51B	-2.26B	-2.63B	-3.02B	-6.41B	-1.88B	-4.07B	-4.70B	-4.70B	-6.27B
Preferred dividends paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0