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Havells India Ltd.

Capital GoodsElectric Equipment

www.havells.com BSE: 517354NSE: HAVELLS

₹1,008.25BSE7.41%

23 Oct, 1:18 PM

₹1,008.25

₹67.50K Cr

40.57

6.94

19.05%

₹1,090.00

₹1,003.65

₹1,516.60

₹1,015.20

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Price Performance

Peer Comparison

Name
ABB LTD. ABB	6,089.00	45.82	1,29,031.01	0.61	362.30	3.00%	3,558.87	21.03%	30.18
CGPOWER CGPOWER	792.00	102.84	1,24,777.54	0.16	308.28	15.52%	3,280.81	13.99%	27.94
SIEMENS LTD. SIEMENS	3,200.00	36.66	1,13,958.56	0.53	2,143.10	406.16%	4,713.70	14.75%	21.42
GVT&D GVT&D	3,588.20	512.80	91,874.62	0.27					20.90
Havells India Ltd. HAVELLS	1,008.25	40.57	67,500.53	0.93	349.22	9.72%	6,431.99	34.58%	25.74
WAAREEENER WAAREEENER	2,319.25	17.84	66,713.54	0.17	891.87	15.39%	7,931.79	79.22%	37.93
APAR INDUS. APARINDS	14,145.00	52.18	59,228.42	0.41	467.45	77.80%	6,591.06	29.13%	31.84
SUZLONENERGY SUZLON	37.24	16.83	51,192.43	0.00	305.22	-5.89%	3,829.09	22.27%	35.79

Quarterly Results

consolidated figures in ₹ Crores · Quarterly

Particulars	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
	5,806.21	4,539.31	4,888.98	6,543.56	5,455.35	4,779.33	5,587.89	6,705.20	6,518.19	6,431.99
Expenses	5,233.97	4,164.24	4,462.48	5,786.51	4,939.68	4,340.90	5,071.78	5,975.76	6,052.03	5,858.66
	572.24	375.07	426.50	757.05	515.67	438.43	516.11	729.44	466.16	573.33
	9.86%	8.26%	8.72%	11.57%	9.45%	9.17%	9.24%	10.88%	7.15%	8.91%
	77.33	92.89	64.33	68.72	69.18	86.26	-2.33	296.25	54.16	32.61
Interest	8.55	10.08	9.39	15.22	9.36	9.14	8.93	9.87	7.46	4.75
	92.02	94.62	104.10	109.66	105.74	105.78	108.62	111.78	120.57	128.57
	549.00	363.26	377.34	700.89	469.75	414.59	407.62	917.61	392.29	472.62
	25.77%	26.29%	26.34%	26.24%	26.02%	23.23%	26.39%	21.17%	26.15%	26.11%
	407.90	268.23	278.30	517.83	347.72	319.00	300.78	723.06	290.38	349.52
	6.51	4.28	4.44	8.26	5.54	5.09	4.79	11.53	4.63	5.57

Profit & Loss

consolidated figures in ₹ Crores · Annual

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
INCOME :
	14,025.51	17,019.68	18,698.11	21,891.92	22,635.51
	13,938.48	16,910.73	18,590.01	21,778.06	22,527.77
EXPENDITURE :
Increase/Decrease in Stock	-219.48	-641.20	242.73	-539.86	-238.89
Raw Material Consumed	9,333.94	11,972.25	11,935.43	14,711.03	14,908.83
Power & Fuel Cost	99.57	119.27	135.33	157.11	151.39
Employee Cost	1,020.69	1,281.63	1,548.35	1,870.02	1,983.74
Other Manufacturing Expenses	713.22	826.37	903.25	1,066.09	1,082.81
General and Administration Expenses	162.02	255.29	361.50	403.30	461.53
Selling and Distribution Expenses	987.66	1,397.66	1,499.10	1,806.54	1,845.42
Miscellaneous Expenses	66.93	78.88	83.20	144.20	130.47
	12,164.55	15,290.15	16,708.89	19,618.43	20,325.30
Operating Profit (Excl OI)	1,773.93	1,620.58	1,881.12	2,159.63	2,202.47
	160.44	177.71	248.96	303.27	533.24
	1,934.37	1,798.29	2,130.08	2,462.90	2,735.71
Interest	66.92	55.06	84.21	72.01	78.97
PBDT	1,867.45	1,743.23	2,045.87	2,390.89	2,656.74
	260.89	296.17	338.50	400.40	431.92
Profit Before Taxation & Exceptional Items	1,606.56	1,447.06	1,707.37	1,990.49	2,224.82
Exceptional Income / Expenses					-45.03
	1,606.56	1,447.06	1,707.37	1,990.49	2,209.57
Provision for Tax	410.09	375.33	436.61	520.25	520.32
	1,196.47	1,071.73	1,270.76	1,470.24	1,689.25
Extra items			0.00	0.00	0.00
Minority Interest				2.02	1.31
Consolidated Net Profit	1,196.47	1,071.73	1,270.76	1,472.26	1,690.56
Profit Balance B/F	4,292.09	5,086.98	5,681.16	6,477.10	7,300.07
Appropriations	5,488.56	6,158.71	6,951.92	7,949.36	8,990.63
Equity Dividend %	750.00%	750.00%	900.00%	1,000.00%	1,000.00%
	19.10	17.11	20.28	23.48	26.95
Adjusted EPS	19.10	17.11	20.28	23.48	26.95

Balance Sheet

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
	62.63	62.65	62.67	62.69	62.73
Share Warrants & Outstandings	0.53	2.30	6.56	17.01	23.74
Total Reserves	5,939.73	6,560.50	7,377.53	8,244.09	9,369.00
Reserve excluding Revaluation Reserve	5,939.73	6,560.50	7,377.53	8,244.09	9,369.00
	6,002.89	6,625.45	7,446.76	8,323.79	9,455.47
Minority Interest				17.18	13.20
Secured Loans	272.57
Deferred Tax Assets / Liabilities	350.62	361.51	357.52	375.32	434.57
Other Long Term Liabilities	187.77	198.22	257.61	263.62	226.74
Long Term Provisions	76.25	136.72	87.72	54.74	31.55
Total Non-Current Liabilities	887.21	696.45	702.85	693.68	692.86
Trade Payables	2,380.02	2,643.19	2,691.90	3,046.98	2,908.40
Other Current Liabilities	937.03	885.18	1,228.31	1,330.20	1,388.25
Short Term Provisions	662.92	641.55	716.93	840.71	737.39
Total Current Liabilities	3,979.97	4,169.92	4,637.14	5,217.89	5,034.04
Total Liabilities	10,870.07	11,491.82	12,786.75	14,252.54	15,195.57
Gross Block	4,563.98	5,002.76	5,683.77	6,687.54	7,718.37
Less: Accumulated Depreciation	1,130.37	1,382.11	1,695.88	2,035.63	2,375.50
Net Block	3,433.61	3,620.65	3,987.89	4,651.91	5,342.87
Capital Work in Progress	56.75	163.42	296.91	116.47	439.49
Non Current Investments	272.68	20.00	20.00	10.98	888.37
Long Term Investment	272.68	20.00	20.00	10.98	888.37
Long Term Loans & Advances	127.13	138.69	210.36	152.28	238.34
Other Non Current Assets	26.02	145.52	16.13	5.54	8.91
Total Non-Current Assets	3,916.65	4,091.27	4,533.08	4,938.90	6,921.02
Currents Investments	153.42	180.87
Inventories	2,968.08	3,708.58	3,408.63	4,046.85	4,440.67
Sundry Debtors	766.26	973.94	1,164.95	1,258.33	789.77
Cash and Bank	2,547.98	1,870.17	3,038.17	3,378.11	2,363.50
Other Current Assets	116.68	169.85	106.42	97.57	83.19
Short Term Loans and Advances	400.27	486.61	533.32	529.36	593.97
Total Current Assets	6,952.69	7,390.02	8,251.49	9,310.22	8,271.10
Net Current Assets (Including Current Investments)	2,972.72	3,220.10	3,614.35	4,092.33	3,237.06
Total Assets	10,870.07	11,491.82	12,786.75	14,252.54	15,195.57
Contingent Liabilities	81.95	61.57	116.92	67.92	38.35
Total Debt	393.69	0.00	0.00	0.00	0.00
	95.84	105.72	118.72	132.51	150.35
Adjusted Book Value	95.84	105.72	118.72	132.51	150.35

Cash Flow

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
	1,606.56	1,447.06	1,707.37	1,990.49	2,209.57
Adjustment	212.57	220.28	210.30	281.78	30.55
Changes In working Capital	323.74	-710.46	427.15	-243.78	-157.90
Cash Flow after changes in Working Capital	2,142.87	956.88	2,344.82	2,028.49	2,082.22
Cash Flow from Operating Activities	1,728.02	564.94	1,952.89	1,523.01	1,571.99
Cash Flow from Investing Activities	-758.56	35.04	-1,613.86	-301.58	-892.92
Cash Flow from Financing Activitie	-547.34	-906.93	-533.55	-676.58	-693.48
Net Cash Inflow / Outflow	422.12	-306.95	-194.52	544.85	-14.41
Opening Cash & Cash Equivalents	354.62	775.84	465.16	266.10	807.25
Effect of Foreign Exchange Fluctuations	-0.90	-3.73	-4.54	-3.70	-2.22
Closing Cash & Cash Equivalent	775.84	465.16	266.10	807.25	790.62

Ratios

Valuation

40.57

6.94

24.46

2.67

26.51

154.91

Profitability

19.05

25.74

11.47

9.73

7.46

Leverage & Liquidity

0.00

1.64

28.98

Returns

0.93

1.54

Shareholding Pattern

Numbers in percentages

Particulars	Jun '24	Sep '24	Dec '24	Mar '25	Jun '25	Sep '25	Dec '25	Mar '26	Jun '26	Sep '26
	59.41	59.41	59.41	59.41	59.38	59.38	59.38	59.38	59.35	59.35
	34.88	35.00	35.02	35.07	34.94	34.80	34.67	34.67	34.17	34.33
	5.71	5.59	5.57	5.52	5.67	5.81	5.95	5.96	6.48	6.32
	40.59	40.59	40.59	40.59	40.62	40.62	40.62	40.62	40.65	40.65
No. of Shareholders	2,14,713	2,13,745	2,37,325	2,46,910	2,59,315	2,66,872	2,76,128	2,74,520	3,03,644	3,00,849

Mutual Funds Invested(180)

Based on each fund's latest monthly portfolio · Sep 2026

A total of 76 active funds hold 9.17% in Havells India Ltd., contributing to ₹5.85K Cr of holdings

Fund				As of
HD HDFC Mid Cap Fund - Growth - Direct PlanMid Cap Fund	857.72	0.84	84,42,126	Sep '26
SB SBI Aggressive Hybrid Fund - Growth - Direct PlanHybrid - Aggressive Hybrid Fund	711.20	0.83	70,00,000	Sep '26
HD HDFC Focused Fund - Growth - Direct PlanEquity - Focused Fund	616.28	2.32	60,65,703	Sep '26
HD HDFC Flexi Cap Fund - Growth - Direct PlanFlexi Cap Fund	498.50	0.46	49,06,487	Sep '26
HD HDFC Large Cap Fund - Growth - Direct PlanLarge Cap Fund	439.85	1.18	43,29,230	Sep '26
IP ICICI Prudential Large Cap Fund - Growth - Direct PlanLarge Cap Fund	281.77	0.37	27,73,321	Sep '26
HD HDFC Aggressive Hybrid Fund - Growth - Direct PlanHybrid - Aggressive Hybrid Fund	195.00	0.92	19,19,264	Sep '26
UT UTI Flexi Cap Fund - Growth - Direct PlanFlexi Cap Fund	191.01	0.85	18,80,000	Sep '26
FT Franklin India Flexi Cap Fund - Growth - Direct PlanFlexi Cap Fund	183.78	1.01	18,08,853	Sep '26
DS DSP Large & Mid Cap Fund - Growth - Direct PlanLarge & Mid Cap	161.00	0.93	15,84,599	Sep '26

Corporate Actions

Showing: All

Date	Type	Details
2026-10-08	Board Meeting	Quarterly Results
2026-07-06	Board Meeting	Quarterly Results
2026-04-29	AGM

Insider Trading

Date	Person	Category	Transaction Type	Shares	Value (₹)

No insider trading data available.

Sector Overview

Capital GoodsElectric Equipment

Havells India Ltd. operates in the Capital Goods sector under the Electric Equipment industry. This sector is one of the key drivers of the Indian economy and is closely tracked by the relevant Nifty sectoral index.

Company Profile

Corporate information and contact details

Key Management

16 members across the board and senior leadership

Anil Rai Gupta

Chairman & Managing Director

₹38.74 Cr

Mar '26

Surjit Kumar Gupta

Non Independent & Non Executive Director

—

Ameet Kumar Gupta

Whole Time Director

₹19.54 Cr

Mar '26

Rajesh Kumar Gupta

Whole Time Director & Group CFO

₹20.54 Cr

Mar '26

Jalaj Ashwin Dani

Non Executive Independent Director

₹33.00 L

Mar '25

Siddhartha Pandit

Whole Time Director

₹1.55 Cr

Mar '26

Puneet Bhatia

Non Independent & Non Executive Director

₹27.00 L

Mar '26

T V Mohandas Pai

Non Independent & Non Executive Director

₹29.00 L

Mar '26

Ashish Bharat Ram

Non Executive Independent Director

₹28.00 L

Mar '26

B Prasada Rao

Non Executive Independent Director

₹34.00 L

Mar '26

Ashish Dhawan

Independent Director

—

Namrata Kaul

Non Executive Independent Director

₹36.00 L

Mar '26

Subhash S Mundra

Non Executive Independent Director

₹33.00 L

Mar '26

Varun Berry

Non Executive Independent Director

—

Sanjay Kumar Gupta

Senior Vice President, Company Secretary & Compliance Officer

—

Shanti Ekambaram

Independent Director

—

HAVELLS Latest News

News

10 of 10 articles

EQUITY23 Oct 2026 · 12:04

Havells India informs about press release

COMPANY22 Oct 2026 · 15:15

Havells India reports 10% rise in Q2 consolidated net profit

Consolidated total income of the company increased by 32.86% to Rs 6,464.60 crore in Q2FY27

EQUITY22 Oct 2026 · 10:12

Havells India informs about disclosure

EQUITY4 Aug 2026 · 15:01

Havells India informs about change in management

EQUITY24 Jul 2026 · 12:14

Havells India informs about newspaper clippings

EQUITY17 Jul 2026 · 17:04

Havells India informs about unaudited financial results

EQUITY14 Jul 2026 · 17:29

Havells India informs about conference call

EQUITY10 Jul 2026 · 11:05

Havells India rises on collaborating with Pixii AS

The collaboration is to develop and introduce advanced BESS for the Indian market

COMPANY10 Jul 2026 · 10:59

Havells India collaborates with Pixii AS

The collaboration is to develop and introduce advanced BESS for the Indian market

EQUITY22 May 2026 · 15:15

Havells India informs about press release

HAVELLS

₹1,008.25

-7.41%