Havells India Limited

Web: havells.com NSE: HAVELLS BSE: 517354 SECTOR: Consumer Durables - Consumer Durables | Add Note | View Notes

1073 1(0%)

Near 52W Low of 1015

Volume

7L as on 16, Oct

Open

1,220

High

1,220

Low

1,204

1,072

VWAP

1,124

52 Week High

1,517

52 Week Low

1,015

Viand Research Rating

Quality Score

39/100

Growth Score

22/100

Valuation Score

25/100

Momentum Score

20/100

Analyst Recommendations

BUY/SELL

Hold | Buy | Strong Buy

Analyst Price Target

Market Cap (cr)

67,337

No. of Shares

62.8

P/E

65.99

P/B

14.57

Face Value

Div. Yield

Book Value (TTM)

CASH

DEBT

EPS (TTM)

ROE

18.23

ROCE

Profit Growth

Listing Date

21-Mar-01

Rank/Sector Rank

#168/#5

Promoter Holding

59.35%

FII Holding

14.47%

DII Holding

19.87%

Price Chart

Price Performance

1 Week8%

1 Month3%

3 Months4%

6 Months13%

1 Year25%

YTD21%

Moving Average

5 Day SMA1,098

10 Day SMA1,072

20 Day SMA1,076

30 Day SMA1,092

50 Day SMA1,162

61 Day SMA1,178

80 Day SMA1,180

200 Day SMA1,249

PIVOT LEVEL

	Standard	Camarilla	Fibonacci	Woodie's
Resistance 3	1,143	1,121	1,134	1,143
Resistance 2	1,134	1,119	1,127	1,134
Resistance 1	1,125	1,118	1,123	1,125
Pivot Point	1,116	1,116	1,116	1,116
Support 1	1,107	1,114	1,109	1,107
Support 2	1,098	1,113	1,105	1,098
Support 3	1,089	1,111	1,098	1,089

Competitors/Peers

#	Symbol	MCAP	LTP	1W	1M	6M	1Y	P/E	Ind PE	Debt/Eq	NP Qtr Rs.Cr.
1	TITAN	3,86,187	4350	1%	9%	0%	19%	70	50.6	1.12	4630
2	ASIANPAINT	2,19,158	2285	0%	4%	4%	7%	61	50.6	0.18	4395
3	LGEINDIA	1,11,658	1645	9%	9%	4%	2%	0	50.6	0.06	1685
4	DIXON	70,921	11594	3%	6%	9%	23%	0	50.6	0.21	1644
5	HAVELLS	67,337	1073	8%	3%	13%	25%	66	50.6	0.03	1705
6	KALYANKJIL	54,777	530	1%	4%	27%	13%	0	50.6	0.97	1350
7	BERGEPAINT	54,627	468	0%	6%	0%	12%	0	50.6	0.07	1096
8	VOLTAS	32,728	989	0%	9%	27%	29%	0	50.6	0.1	341
9	BLUESTARCO	32,168	1564	0%	4%	15%	20%	0	50.6	0.3	385
10	METROBRAND	23,308	855	4%	1%	6%	10%	0	50.6	0.78	400
Load More

Shareholding Pattern (%)

	Sep 2026	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023	Mar 2023	Dec 2022	Sep 2022	Jun 2022	Mar 2022	Dec 2021	Sep 2021
Promoters	(0.01) 59.35%	(0.01) 59.35%	(0.01) 59.38%	(0.01) 59.38%	(0.01) 59.38%	(0.01) 59.38%	(0.01) 59.41%	(0.01) 59.41%	(0.01) 59.41%	(0.01) 59.41%	(0.01) 59.43%	(0.01) 59.43%	(0.01) 59.43%	(0.01) 59.43%	(0.01) 59.45%	(0.01) 59.45%	(0.01) 59.45%	(0.01) 59.45%	(0.01) 59.47%	(0.01) 59.47%	(0.01) 59.47%
FIIs	(-1.41) 14.47%	(-1.01) 15.91%	(-1.01) 16.93%	(-1.31) 17.96%	(-2.31) 19.28%	(-0.71) 21.59%	(-1.21) 22.31%	(-1.31) 23.46%	(-0.61) 24.76%	(0.51) 25.33%	(0.91) 24.83%	(-0.21) 23.96%	(0.41) 24.19%	(0.71) 23.79%	(0.51) 23.11%	(-0.71) 22.60%	(0.21) 23.30%	(-1.31) 23.10%	(-2.11) 24.44%	(-0.31) 26.51%	(0.01) 26.76%
DIIs	(1.81) 19.87%	(0.51) 18.04%	(1.01) 17.50%	(1.21) 16.53%	(2.21) 15.35%	(0.51) 13.18%	(1.21) 12.63%	(1.31) 11.43%	(0.71) 10.10%	(-0.41) 9.42%	(-0.21) 9.77%	(0.61) 10.00%	(-0.31) 9.38%	(-0.61) 9.68%	(-0.11) 10.27%	(0.71) 10.40%	(0.81) 9.70%	(0.81) 8.95%	(1.91) 8.15%	(0.11) 6.26%	(0.01) 6.12%
Government	0.00%	0.23%	0.23%	0.17%	0.17%	0.17%	0.13%	0.13%	0.13%	0.13%	0.11%	0.11%	0.10%	0.10%	0.10%	0.10%	0.10%	0.10%	0.10%	0.10%	0.11%
Public	6.31%	6.47%	5.96%	5.95%	5.81%	5.62%	5.52%	5.57%	5.58%	5.66%	5.85%	6.49%	6.90%	6.95%	7.05%	7.43%	7.43%	8.35%	7.83%	7.66%	7.54%
No. of Shareholders	300,849	303,644	274,520	276,128	266,872	259,315	246,910	237,325	213,745	214,713	224,428	231,540	224,208	225,255	239,686	249,680	236,360	244,014	256,093	216,413	189,991

Quarterly Results

	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023	Mar 2023	Dec 2022	Sep 2022	Jun 2022	Mar 2022	Dec 2021	Sep 2021	Jun 2021
Sales	6510	6688	5573	4767	5438	6532	4882	4533	5798	5434	4401	3891	4824	4859	4128	3679	4244	4426	3664	3238	2610
Sales Growth % (YoY)	19.7%	2.4%	14.2%	5.2%	-6.2%	20.2%	11%	16.5%	20.2%	12.1%	6.8%	6.1%	14%	9.8%	12.6%	13.6%	62.6%	32.6%	15.4%	31.6%	76%
Sales Growth % (QoQ)	-2.7%	20%	16.9%	-12.3%	-16.7%	33.8%	7.7%	-21.8%	6.7%	23.5%	13.1%	-19.3%	-0.7%	17.7%	12.2%	-13.3%	-4.1%	20.8%	13.2%	24.1%	-
Expenses	6036	5960	5049	4325	4918	5771	4451	4153	5222	4798	3968	3518	4421	4332	3704	3393	3883	3906	3224	2793	2255
Operating Profit	474	728	524	442	520	761	432	380	576	637	433	373	402	527	424	287	362	520	440	445	355
OPM %	7	11	9	9	10	12	9	8	10	12	10	10	8	11	10	8	9	12	12	14	14
Other Income	54	326	-2	86	69	69	64	93	77	76	56	52	65	47	40	44	48	44	49	33	34
Interest	7	10	9	9	9	15	9	10	9	18	10	9	8	10	7	7	10	19	12	11	11
Depreciation	120	111	108	105	105	108	104	95	92	93	88	81	76	77	75	72	72	71	66	62	62
Profit before tax	401	933	405	414	475	706	382	368	553	601	391	335	382	487	381	252	327	474	411	405	317
Tax %	26	21	26	23	26	26	26	26	26	25	26	26	25	26	26	26	26	26	26	25	26
Net Profit	298	734	301	317	352	522	283	273	411	449	288	249	287	358	284	187	243	352	306	302	236
Net Profit Growth % (QoQ)	-59.4%	143.9%	-5%	-9.9%	-32.6%	84.5%	3.7%	-33.6%	-8.5%	55.9%	15.7%	-13.2%	-19.8%	26.1%	51.9%	-23%	-31%	15%	1.3%	28%	-
Net Profit Growth % (YoY)	-15.3%	40.6%	6.4%	16.1%	-14.4%	16.3%	-1.7%	9.6%	43.2%	25.4%	1.4%	33.2%	18.1%	1.7%	-7.2%	-38.1%	3%	-	-	-	-
TTM Net Profit	1650	1704	1492	1474	1430	1489	1416	1421	1397	1273	1182	1178	1116	1072	1066	1088	1203	1196	844	538	0
EPS in Rs	4.76	11.71	4.8	5.06	5.62	8.33	4.51	4.35	6.56	7.16	4.59	3.97	4.59	5.71	4.53	2.98	3.88	5.63	4.88	4.83	3.76

Profit and Loss

	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Sales	22466	21746	18550	16868	13889	10428	9429	10068	8139	6110	5359	5171	8051	7135
Sales Growth %	3.3%	17.2%	10%	21.5%	33.2%	10.6%	-6.3%	23.7%	33.2%	14%	3.6%	11%	12.8%	10.6%
Expenses	20211	19554	16666	15244	12116	8845	8364	8840	7087	5284	4574	4445	7274	6461
Operating Profit	2254	2192	1884	1624	1772	1583	1066	1227	1051	826	786	726	777	674
OPM %	10	10	10	10	13	15	11	12	13	14	15	14	10	9
Other Income	479	287	249	177	159	188	105	123	127	75	270	51	35	222
Interest	78	72	84	55	67	90	51	55	24	12	42	43	102	123
Depreciation	429	399	338	296	261	249	218	149	140	120	105	88	116	110
Profit before tax	2226	2009	1710	1450	1604	1432	902	1146	1015	769	909	646	594	664
Tax %	23	26	26	26	26	27	19	31	30	30	22	28	25	12
Net Profit	1705	1489	1273	1075	1195	1040	733	787	713	539	712	465	446	581
Net Profit Growth %	14.5%	17%	18.4%	-10%	14.9%	41.9%	-6.9%	10.4%	32.3%	-24.3%	53.1%	4.3%	-23.2%	-
EPS in Rs	27.19	23.75	20.32	17.16	19.08	16.61	11.71	12.59	11.4	8.63	11.4	7.45	7.15	9.32
Dividend Payout %	37	42	44	44	39	39	34	36	35	41	53	40	42	16

Cash Flows

	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Cash from Operating Activity	1587	1568	1959	565	1745	658	825	513	1108	778	525	600	868	638
Cash from Investing Activity	-900	-334	-1639	35	-760	-763	-548	185	-1003	-227	-77	-608	-376	-144
Cash from Financing Activity	-690	-696	-534	-907	-547	190	-716	-318	-358	-72	-498	-269	-310	-252
Net Cash Flow	-4	538	-214	-307	437	84	-439	380	-254	478	-50	-276	183	242

Balance Sheet

	Mar 2026	Sep 2025	Mar 2025	Sep 2024	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Equity Capital	63	63	63	63	63	63	63	63	63	63	63	62	62	62	62	62
Reserves	9414	8608	8268	7731	7376	6552	5926	5102	4242	4130	3677	3211	2891	2313	1604	1380
Borrowings	265	286	319	332	303	223	616	623	162	94	108	198	44	83	1054	982
Other Liabilities	4983	4690	5125	4718	4678	4306	3900	3033	2581	2839	2694	1488	1091	1190	2613	2034
Total Liabilities	14724	13647	13775	12843	12420	11143	10505	8820	7048	7126	6541	4960	4089	3649	5332	4458
Fixed Assets	5318	4651	4627	4488	3988	3621	3434	3290	3349	2904	2785	1266	1188	985	1600	1500
CWIP	443	475	118	130	299	166	57	90	86	233	24	12	20	22	44	25
Investments	956	616	74	20	41	201	428	308	2	2	42	389	463	1012	0	0
Other Assets	8007	7905	8956	8206	8092	7155	6587	5132	3611	3988	3690	3293	2418	1630	3688	2933
Total Assets	14724	13647	13775	12843	12420	11143	10505	8820	7048	7126	6541	4960	4089	3649	5332	4458

Delivery

Delivery Data: HAVELLS

#	Date	1015 30% 1315	Value (Cr)	Q/T 23	Del 46	Del 92
1	22-Oct	1073	223	24	19	42
2	21-Oct	1072	51	22	49	25
3	19-Oct	1103	35	16	46	16
4	16-Oct	1121	82	23	46	37
5	15-Oct	1116	51	21	49	25
6	14-Oct	1120	201	35	48	97
7	13-Oct	1082	65	24	51	33
8	12-Oct	1052	42	22	56	23
9	9-Oct	1042	63	36	57	36
10	8-Oct	1024	66	20	61	40
11	7-Oct	1060	52	17	47	24
12	6-Oct	1057	99	35	57	56
13	5-Oct	1047	89	21	54	48
14	1-Oct	1040	210	36	54	113
15	30-Sep	1016	143	34	67	96
16	29-Sep	1043	108	26	52	56
17	28-Sep	1085	80	23	53	42
18	25-Sep	1096	34	14	49	16
19	24-Sep	1090	41	16	40	16
20	23-Sep	1096	54	16	55	29
21	22-Sep	1089	28	15	51	14
22	21-Sep	1103	72	21	47	34
23	18-Sep	1132	83	29	63	52
24	17-Sep	1092	63	15	58	37
25	16-Sep	1090	80	18	62	49
26	15-Sep	1087	111	23	56	62
27	11-Sep	1111	77	12	61	48
28	10-Sep	1116	122	18	68	83
29	9-Sep	1120	69	15	59	41
30	8-Sep	1140	119	34	73	87
31	7-Sep	1150	101	15	56	57
32	4-Sep	1154	329	30	52	170
33	3-Sep	1200	51	10	54	28
34	2-Sep	1193	90	14	50	45
35	1-Sep	1223	123	26	64	78
36	31-Aug	1244	120	32	68	82
37	28-Aug	1223	216	30	52	113
38	27-Aug	1241	78	25	64	50
39	26-Aug	1259	58	21	64	37
40	25-Aug	1269	81	17	30	25
41	24-Aug	1268	39	14	48	19
42	21-Aug	1268	63	16	50	32
43	20-Aug	1278	51	14	51	26
44	19-Aug	1287	73	15	62	45
45	18-Aug	1300	132	29	68	90
46	17-Aug	1299	112	26	53	59
47	14-Aug	1298	108	33	51	55

Daily Market Cap

Date	Total Market Cap	Change	Chg %
22-Oct	67,337c	88c	0.13
21-Oct	67,250c	1,952c	2.82
19-Oct	69,201c	1,148c	1.63
17-Oct	70,350c	0	0
16-Oct	70,350c	308c	0.44
15-Oct	70,042c	2,058c	3.03
14-Oct	67,984c	82c	0.12
13-Oct	67,902c	1,883c	2.85
12-Oct	66,020c	1,073c	1.65
09-Oct	64,946c	703c	1.09
08-Oct	64,244c	1,776c	2.69
05-Oct	66,020c	1,079c	1.66
01-Oct	64,940c	1,243c	1.88
29-Sep	66,183c	1,908c	2.80
28-Sep	68,090c	634c	0.92
25-Sep	68,724c	151c	0.22
24-Sep	68,875c	540c	0.79
22-Sep	68,335c	182c	0.27
17-Sep	68,153c	1,632c	2.34
10-Sep	69,785c	0	0

Stock Checklist

Price is above from 52 week high low average: 12%

Stock is trading above all short term SMAs: NO

Stock is trading above all long term SMAs: NO

Stock is Consistently Improving Long Term: NO

FII purchased in last quarter: NO

Promoters are buying the stock: NO

Mutual Fund Holdings

Held by 282 fund scheme(s) across 32 fund house(s) as of Oct26 · Total value ₹12,087 Cr · 14 increasing / 248 decreasing · View in MF Pro →

Fund House	Schemes	Weight %	Change	Value (Cr)
HDFC Mutual Fund	40	0.79%	-0.14%	6311.3
SBI Mutual Fund	14	0.66%	+0.48%	1516
Franklin Templeton Mutual Fund	10	1.16%	-0.09%	1150.5
ICICI Prudential Mutual Fund	26	0.36%	-0.11%	1047.5
UTI Mutual Fund	28	0.55%	-0.11%	526.6
DSP Mutual Fund	12	0.65%	-0.12%	438.2
ICICI Prudential Asset Management Company Limited	2	0.29%	-0.06%	280.8
Tata Mutual Fund	18	0.72%	-0.26%	229.3
Bandhan Mutual Fund	16	0.39%	-0.01%	166.8
Axis Mutual Fund	12	0.19%	-0.05%	148
NJ Mutual Fund	4	1.01%	-0.22%	116.5
Motilal Oswal Mutual Fund	10	0.32%	-0.10%	60
Mahindra Manulife Mutual Fund	4	0.70%	-0.19%	46.6
Nippon India Mutual Fund	8	0.57%	-0.11%	36.5
Aditya Birla Sun Life Mutual Fund	8	0.02%	-0.08%	12
Quantum Mutual Fund	4	1.72%	-0.18%	7.4
Navi Mutual Fund	8	0.60%	-0.10%	6
Zerodha Mutual Fund	4	0.32%	-0.05%	5.9
ITI Mutual Fund	2	0.69%	-0.11%	4.8
Taurus Mutual Fund	2	1.33%	-0.25%	3.7
Kotak Mahindra Mutual Fund	14	0.00%	-0.27%	3.6
Groww Mutual Fund	8	0.32%	-0.16%	3.1
Edelweiss Mutual Fund	4	0.30%	-0.06%	2.3
The Wealth Company Mutual Fund	2	1.04%	-0.64%	2.3
Invesco Mutual Fund	4	0.00%	-0.03%	2
Jio BlackRock Mutual Fund	2	0.45%	-0.09%	1.9
Angel One Mutual Fund	2	0.14%	-0.02%	0.2
Baroda BNP Paribas Mutual Fund	2	0.60%	-0.10%	0.1
Canara Robeco Mutual Fund	2	0.00%	-0.15%	0
Trust Mutual Fund	2	0.00%	-0.05%	0
Sundaram Mutual Fund	2	-0.60%	+0.11%	-4.1
Mirae Asset Mutual Fund	6	-0.70%	+0.04%	-38.6

Strategy Builder

Bulk Deals

Events

Date	Purpose
22-Oct-26	Q2 FY 26-27