Havells India Limited

Web: havells.com NSE: HAVELLS BSE: 517354 SECTOR: Consumer Durables - Consumer Durables

1205 2(0%)

Near 52W Low of 1124

Volume

6L as on 22, Jul

Open

1,186

High

1,186

Low

1,176

1,207

VWAP

1,205

52 Week High

1,621

52 Week Low

1,124

Viand Research Rating

Quality Score

40/100

Growth Score

22/100

Valuation Score

25/100

Momentum Score

45/100

Analyst Recommendations

BUY/SELL

Hold | Buy | Strong Buy

Analyst Price Target

Market Cap (cr)

75,627

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

Promoter Holding

59.35%

FII Holding

15.91%

DII Holding

18.04%

Price Chart

Price Performance

1 Week3%

1 Month2%

3 Months10%

6 Months8%

1 Year23%

YTD15%

Moving Average

5 Day SMA1,197

10 Day SMA1,191

20 Day SMA1,188

30 Day SMA1,182

50 Day SMA1,184

61 Day SMA1,196

80 Day SMA1,211

200 Day SMA1,333

PIVOT LEVEL

	Standard	Camarilla	Fibonacci	Woodie's
Resistance 3	1,250	1,224	1,237	1,249
Resistance 2	1,237	1,222	1,228	1,236
Resistance 1	1,227	1,220	1,223	1,226
Pivot Point	1,214	1,218	1,214	1,214
Support 1	1,204	1,216	1,205	1,204
Support 2	1,191	1,213	1,200	1,191
Support 3	1,182	1,211	1,191	1,181

Competitors/Peers

#	Symbol	MCAP	LTP	1W	1M	6M	1Y	P/E	Ind PE	Debt/Eq	NP Qtr Rs.Cr.
1	TITAN	4,16,904	4696	3%	8%	17%	36%	70	61.4	0.93	5073
2	ASIANPAINT	2,55,799	2667	1%	1%	0%	13%	61	61.4	0.18	4395
3	LGEINDIA	1,03,716	1528	9%	9%	4%	2%	0	61.4	0.06	1685
4	DIXON	84,657	13846	2%	13%	32%	16%	0	61.4	0.21	1644
5	HAVELLS	75,627	1205	3%	2%	8%	23%	66	61.4	0.03	1689
6	KALYANKJIL	60,550	586	9%	56%	60%	3%	0	61.4	0.97	1350
7	BERGEPAINT	57,601	494	1%	10%	2%	14%	0	61.4	0.09	1128
8	VOLTAS	43,316	1309	5%	3%	1%	4%	0	61.4	0.16	370
9	BLUESTARCO	33,482	1628	5%	0%	3%	5%	0	61.4	0.24	527
10	METROBRAND	27,938	1025	4%	1%	6%	10%	0	61.4	0.79	416
Load More

Shareholding Pattern (%)

	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) 59.38%	(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	(-1.01) 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	(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	0.23%	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	6.47%	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	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	6518	6705	5588	4779	5455	6544	4889	4539	5806	5442	4414	3900	4834	4859	4128	3679	4244	4426	3664	3238	2610
Sales Growth % (YoY)	19.5%	2.5%	14.3%	5.3%	-6%	20.2%	10.8%	16.4%	20.1%	12%	6.9%	6%	13.9%	9.8%	12.6%	13.6%	62.6%	32.6%	15.4%	31.6%	76%
Sales Growth % (QoQ)	-2.8%	20%	16.9%	-12.4%	-16.6%	33.9%	7.7%	-21.8%	6.7%	23.3%	13.2%	-19.3%	-0.5%	17.7%	12.2%	-13.3%	-4.1%	20.8%	13.2%	24.1%	-
Expenses	6052	5976	5072	4341	4940	5787	4462	4164	5234	4807	3981	3527	4432	4332	3704	3393	3883	3906	3224	2793	2255
Operating Profit	466	729	516	438	516	757	426	375	572	635	433	373	402	527	424	287	362	520	440	445	355
OPM %	7	11	9	9	9	12	9	8	10	12	10	10	8	11	10	8	9	12	12	14	14
Other Income	54	310	9	91	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	121	112	109	106	106	110	104	95	92	93	88	81	76	77	75	72	72	71	66	62	62
Profit before tax	392	918	408	415	470	701	377	363	549	599	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	290	723	300	318	348	517	278	268	408	447	288	249	287	358	284	187	243	352	306	302	236
Net Profit Growth % (QoQ)	-59.9%	141%	-5.7%	-8.6%	-32.7%	86%	3.7%	-34.3%	-8.7%	55.2%	15.7%	-13.2%	-19.8%	26.1%	51.9%	-23%	-31%	15%	1.3%	28%	-
Net Profit Growth % (YoY)	-16.7%	39.8%	7.9%	18.7%	-14.7%	15.7%	-3.5%	7.6%	42.2%	24.9%	1.4%	33.2%	18.1%	1.7%	-7.2%	-38.1%	3%	-	-	-	-
TTM Net Profit	1631	1689	1483	1461	1411	1471	1401	1411	1392	1271	1182	1178	1116	1072	1066	1088	1203	1196	844	538	0
EPS in Rs	4.63	11.53	4.8	5.09	5.55	8.26	4.44	4.28	6.51	7.13	4.59	3.97	4.58	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	22528	21778	18590	16911	13938	10457	9440	10073	8116	6130	7594	8468	8051	7135
Sales Growth %	3.4%	17.2%	9.9%	21.3%	33.3%	10.8%	-6.3%	24.1%	32.4%	-19.3%	-10.3%	5.2%	12.8%	10.6%
Expenses	20286	19603	16709	15290	12163	8868	8373	8885	7083	5315	6798	7713	7274	6461
Operating Profit	2241	2175	1881	1621	1775	1589	1067	1189	1033	815	796	755	777	674
OPM %	10	10	10	10	13	15	11	12	13	13	10	9	10	9
Other Income	479	288	249	178	159	187	106	124	97	42	949	48	35	222
Interest	79	72	84	55	67	90	51	16	25	13	91	96	102	123
Depreciation	432	400	338	296	261	249	218	149	140	121	134	139	116	110
Profit before tax	2210	1990	1707	1447	1607	1438	904	1147	965	723	1520	569	594	664
Tax %	24	26	26	26	26	27	19	31	31	32	14	32	25	12
Net Profit	1689	1470	1271	1072	1196	1044	735	788	661	494	1300	385	446	581
Net Profit Growth %	14.9%	15.7%	18.6%	-10.4%	14.6%	42%	-6.7%	19.2%	33.8%	-62%	237.7%	-13.7%	-23.2%	-
EPS in Rs	26.95	23.48	20.28	17.11	19.1	16.68	11.75	12.59	10.6	7.91	20.82	6.17	7.15	9.32
Dividend Payout %	37	43	44	44	39	39	34	36	4	44	29	49	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	1572	1523	1953	565	1728	660	827	501	1100	767	513	963	868	638
Cash from Investing Activity	-895	-305	-1618	31	-759	-763	-548	185	-946	-220	-121	-485	-376	-144
Cash from Financing Activity	-693	-677	-534	-907	-547	190	-716	-318	-409	-98	-621	-754	-310	-252
Net Cash Flow	-17	541	-199	-311	421	87	-437	368	-255	450	-229	-277	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	9393	8608	8261	7731	7384	6563	5940	5114	4249	4135	3667	3214	2965	1756	1604	1380
Borrowings	265	286	319	332	303	223	616	521	72	94	115	208	134	424	1054	982
Other Liabilities	5026	4690	5167	4718	4683	4309	3904	3155	2690	2856	2763	1683	1225	2546	2613	2034
Total Liabilities	14746	13647	13809	12843	12433	11157	10523	8852	7073	7148	6608	5168	4387	4788	5332	4458
Fixed Assets	5343	4651	4652	4488	3988	3621	3434	3290	3350	2904	2819	1300	1224	1541	1600	1500
CWIP	443	475	118	130	299	166	57	90	86	233	24	12	20	38	44	25
Investments	888	616	11	20	20	201	426	306	0	0	0	162	189	0	0	0
Other Assets	8072	7905	9028	8206	8126	7170	6606	5166	3638	4012	3765	3694	2954	3209	3688	2933
Total Assets	14746	13647	13809	12843	12433	11157	10523	8852	7073	7148	6608	5168	4387	4788	5332	4458

OI Chart

Price

Delivery

#	Date	1124 10% 1234	Value (Cr)	Q/T 37	Del 50	Del 199
1	22-Jul	1207	72	15	58	42
2	21-Jul	1218	189	44	58	110
3	20-Jul	1200	227	26	45	102
4	17-Jul	1187	489	35	26	128
5	16-Jul	1171	168	21	59	99
6	15-Jul	1177	115	24	57	66
7	14-Jul	1187	132	31	62	82
8	13-Jul	1179	257	41	71	183
9	10-Jul	1188	287	35	51	147
10	9-Jul	1191	278	33	63	175
11	8-Jul	1208	274	27	59	163
12	7-Jul	1225	167	24	46	76
13	6-Jul	1182	41	17	53	22
14	3-Jul	1181	56	17	56	32
15	2-Jul	1187	73	21	64	46
16	1-Jul	1189	163	25	37	60
17	30-Jun	1159	114	27	52	59
18	29-Jun	1156	116	25	67	77
19	25-Jun	1178	111	29	64	72
20	24-Jun	1186	50	20	46	23
21	23-Jun	1175	66	32	58	39
22	22-Jun	1181	58	24	44	26
23	19-Jun	1176	80	25	53	43
24	18-Jun	1194	90	38	62	56
25	17-Jun	1197	96	23	44	42
26	16-Jun	1180	68	17	62	42
27	15-Jun	1171	126	17	41	52
28	12-Jun	1154	53	20	52	27
29	11-Jun	1129	64	23	56	35
30	10-Jun	1156	78	21	58	45
31	9-Jun	1150	79	26	57	45
32	8-Jun	1140	108	26	55	59
33	5-Jun	1150	87	18	56	49
34	4-Jun	1166	75	20	43	32
35	3-Jun	1156	102	25	53	54
36	2-Jun	1175	149	25	52	77
37	1-Jun	1143	108	23	54	58
38	29-May	1177	512	59	74	376
39	27-May	1211	151	41	66	100
40	26-May	1201	57	29	61	35
41	25-May	1204	45	19	59	27
42	22-May	1201	70	20	52	36
43	21-May	1210	103	26	66	68
44	20-May	1208	78	16	57	44
45	19-May	1207	61	24	59	36
46	18-May	1195	112	19	53	59
47	15-May	1210	72	25	49	36
48	14-May	1211	62	21	46	28

Daily Market Cap

Date	Total Market Cap	Change	Chg %
23-Jul	75,628c	245c	0.32
22-Jul	75,872c	646c	0.84
21-Jul	76,519c	1,789c	2.39
17-Jul	74,730c	1,494c	2.04
16-Jul	73,236c	1,287c	1.73
15-Jul	74,523c	333c	0.45
14-Jul	74,190c	63c	0.08
13-Jul	74,128c	828c	1.11
10-Jul	74,956c	6c	0.01
09-Jul	74,962c	1,280c	1.68
08-Jul	76,243c	577c	0.75
07-Jul	76,820c	2,642c	3.56
06-Jul	74,178c	226c	0.30
02-Jul	74,404c	182c	0.24
01-Jul	74,586c	1,920c	2.64
30-Jun	72,665c	1,738c	2.34
29-Jun	74,404c	427c	0.58
26-Jun	73,977c	464c	0.62
25-Jun	74,441c	69c	0.09
24-Jun	74,372c	734c	1.00
23-Jun	73,638c	521c	0.70
22-Jun	74,159c	119c	0.16
19-Jun	74,040c	923c	1.23
18-Jun	74,962c	264c	0.35
17-Jun	75,226c	1,142c	1.54
16-Jun	74,084c	841c	1.15
15-Jun	73,243c	753c	1.04
12-Jun	72,490c	370c	0.51
11-Jun	72,119c	799c	1.10
10-Jun	72,919c	0	0

Stock Checklist

Price is below from 52 week high low average: 67%

Stock is trading above all short term SMAs: YES

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 315 fund scheme(s) across 33 fund house(s) as of Jul26 · Total value ₹10,083 Cr · 32 increasing / 76 decreasing · View in MF Pro →

Fund House	Schemes	Weight %	Change	Value (Cr)
HDFC Mutual Fund	40	2.04%	-0.12%	4943.7
UTI Mutual Fund	28	0.91%	-	990.1
ICICI Prudential Mutual Fund	30	2.06%	+0.26%	961.3
Aditya Birla Sun Life Mutual Fund	14	0.76%	-	600
Kotak Mahindra Mutual Fund	16	78.28%	+0.11%	596.5
Franklin Templeton Mutual Fund	2	1.26%	-0.14%	315.9
Tata Mutual Fund	20	1.11%	-	294.3
Nippon India Mutual Fund	14	0.18%	-	234.9
ICICI Prudential Asset Management Company Limited	2	0.36%	+0.44%	216.9
Invesco Mutual Fund	4	0.19%	-	159.6
Axis Mutual Fund	18	2.19%	-	158.9
NJ Mutual Fund	4	1.20%	-0.09%	139.7
DSP Mutual Fund	10	0.47%	-	110.9
Motilal Oswal Mutual Fund	10	4.70%	-	65.9
Mahindra Manulife Mutual Fund	4	4.69%	-0.13%	65.7
Mirae Asset Mutual Fund	8	0.69%	-	47.4
HSBC Mutual Fund	4	1.35%	-	45.6
Bandhan Mutual Fund	16	59.55%	-	45.3
SBI Mutual Fund	10	2.46%	-	28.7
Baroda BNP Paribas Mutual Fund	4	1.01%	-	28.7
Quantum Mutual Fund	4	1.83%	-0.04%	7.4
Navi Mutual Fund	8	4.79%	-	7.3
Zerodha Mutual Fund	4	0.34%	-0.05%	6.4
ITI Mutual Fund	2	0.76%	-0.07%	5.5
Bajaj Finserv Mutual Fund	4	0.42%	-1.24%	5.1
Groww Mutual Fund	12	1.37%	-	4.5
Canara Robeco Mutual Fund	4	0.10%	-	2.4
Jio BlackRock Mutual Fund	3	1.32%	-	2.2
Angel One Mutual Fund	2	0.16%	-	0.2
PPFAS Mutual Fund	2	0.00%	-	0
WhiteOak Capital Mutual Fund	4	0.32%	+0.02%	-1.9
Sundaram Mutual Fund	2	0.31%	-0.03%	-2.9
Edelweiss Mutual Fund	6	0.77%	-	-3.4

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Events

Date	Purpose
17-Jul-26	Q1 2027