Havells Stock Analysis

Havells India Limited is a leading Indian company that makes a wide range of electrical products for homes, businesses, and industries. Headquartered in Noida, Havells is known for its popular brands like Havells, Lloyd, Crabtree, Standard Electricals, and REO. The company produces a wide range of items, including switches, fans, lighting fixtures, cables, home appliances, water heaters, air conditioners, and many other electrical goods. Most of its products are made in India, with several modern factories across the country. Havells has a strong presence both in India and internationally, selling products in over 70 countries.

Company Insights
The company has a market capitalization of 99,119 crores
The share price of the company is 1,581
The book value of the company is 133
The company's debt-to-equity ratio is 0.04
The company's annual dividend yield is 0.64%
The company's stock P/E is 66.9
The earnings per share are 23.5
The company's ROCE is 25.3%

Financial Report
The company's sales in the last 5 years
Sales in 2021 is 10,457 crores
Sales in 2022 is 13,938 crores
Sales in 2023 is 16,911 crores
Sales in 2024 is 18,590 crores
Sales in 2025 is 21,778 crores

The company's profit in the last 5 years
Profit in 2021 is 1,044 crores
Profit in 2022 is 1,196 crores
Profit in 2023 is 1,072 crores
Profit in 2024 is 1,271 crores
Profit in 2025 is 1,470 crores

Sales & Profit Growth
The company's sales growth in the last 5 years
Sales growth in the last 5 years is 18.2%
Sales growth in the last 3 years is 16.0%
Sales growth in the last 1 year is 17.2%

The company's profit growth in the last 5 years
Profit growth in the last 5 years is 14.9%
Profit growth in the last 3 years is 7.37%
Profit growth in the last 1 year is 17.3%

Holdings
Promoters are 59.41%
FIIs are 22.31%
DIIs are 12.63%
Government are 0.13%
Public are 5.52%

Company News

• Havells India Limited has reported robust financial results for the quarter ended March 31, 2025, with net revenue rising to ₹6,532 crore—a 20.2% increase compared to the same period last year. This growth was driven by strong demand across product categories, especially in cables and the Lloyd segment. The company also declared a final dividend of ₹6 per share for the financial year.

• In addition to its financial performance, Havells has announced several strategic initiatives. The company plans to invest ₹2,600 crore over the next two years to drive growth across its businesses and has increased its cable production capacity with an additional investment of ₹340 crore. Havells also received a letter of intent to establish a new electronics manufacturing unit in Uttar Pradesh, signaling further expansion.

• On the management front, Havells made changes in senior leadership and appointed new secretarial auditors. The company allotted 2,64,689 equity shares to its Employees Welfare Trust under existing employee share purchase schemes, reflecting its commitment to employee welfare.

• Brokerage firms remain optimistic about Havells’ future, with some setting target prices as high as ₹1,900, citing anticipated growth from the Lloyd and Wires and Cables segments. The company continues to maintain a strong promoter holding and is nearly debt-free, with a healthy dividend payout.

Technical Analysis

Company Chart

Moving Averages (MA)

• The stock price is just above the 50-MA, which indicates that the stock may go up.

• The stock price is under the 200-MA, which indicates that the stock is in a bearish trend.

Relative Strength Index (RSI)

Currently, the RSI of the company is 57, which indicates that the stock is already near the overbought zone.

My Analysis

Havells India is a strong and trusted brand in the electrical goods industry, known for its wide range of products and steady growth. The company’s revenue and profit have increased in recent years, with its cable business growing especially well and making up a large part of its sales. Analysts expect Havells to keep growing, with earnings and revenue forecast to rise by about 15% and 12% per year, respectively. The company is seen as fairly valued right now, so investors may want to wait for a better buying opportunity. Havells is also expanding into new markets and using new technology to stay ahead, but it faces challenges like inflation and competition. Overall, Havells India is financially healthy, has a good reputation, and is expected to continue performing well in the future.