Havells India Ltd.
NSE: HAVELLS · Consumer Electronics
Snapshot
Unlock Havells India Ltd.'s vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Havells India Limited is a leading fast-moving electrical goods company that manufactures and sells a diverse range of consumer electrical and electronic products. Its portfolio spans switchgears, cables, lighting, electrical consumer durables, and the Lloyd brand of home appliances.
Business Model
The company generates revenue through the manufacturing, trading, and distribution of electrical products across multiple brands including Havells, Lloyd, Crabtree, Standard, and REO. It operates a robust distribution network serving both domestic Indian markets and international customers in approximately 60 countries.
Growth Outlook
Growth is driven by the expansion of the Lloyd consumer appliance portfolio and the continued demand for energy-efficient electrical infrastructure. The company is also focusing on leveraging its strong brand presence to penetrate deeper into the domestic market and expand its international export footprint.
Key Risks
- Input Cost Volatility. Fluctuations in the prices of raw materials like copper, aluminium, and steel can significantly impact manufacturing margins.
- Intense Market Competition. The consumer electrical and appliance sector faces stiff competition from both established domestic players and low-cost international imports.
- Economic Cyclicality. Demand for consumer durables and electrical infrastructure is highly sensitive to overall economic growth and real estate sector performance.
- Supply Chain Disruptions. Reliance on global supply chains for electronic components and specialized materials poses risks to production timelines and inventory management.
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Key Metrics
REVENUE
₹25,243 Cr
TTM · consolidated
NET PROFIT
₹1,662 Cr
TTM · consolidated
EPS
₹26.52
TTM · consolidated
RETURN ON EQUITY
18.0%
TTM · consolidated
RETURN ON CAPITAL EMPLOYED
22.2%
TTM · consolidated
P/E
38.8×
Q2 FY27 · consolidated
EV/EBITDA
23.3x
Q2 FY27 · consolidated
EBITDA MARGIN
10.7%
TTM · consolidated
NET PROFIT MARGIN
5.4%
Q2 FY27 · consolidated
DEBT TO EQUITY
0.0x
Q2 FY27 · consolidated
Peers · Consumer Electronics
| Company | Mkt Cap | P/E (TTM) | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Havells India Ltd.HAVELLS | ₹63,622 Cr | 38.8× | 23.29 | 16.5% | 10.7% | 18.0% | 22.2% | -31.1% |
Dixon Technologies (India) Ltd.DIXON | ₹67,288 Cr | 42.8× | 25.07 | 20.8% | 4.6% | 35.1% | 32.7% | -20.5% |
PG Electroplast Ltd.PGEL | ₹15,200 Cr | 70.2× | 32.90 | 21.0% | 7.9% | 7.2% | 11.3% | -6.6% |
IKIO Technologies LimitedIKIO | ₹1,244 Cr | 26.5× | 12.05 | 34.5% | 16.3% | 8.6% | 12.0% | -19.4% |
Onida Electronics LimitedMIRCELECTR | ₹929 Cr | -19.2× | -24.89 | 6.3% | -5.7% | -42.1% | -27.7% | -2.2% |
CWD LimitedCWD | ₹645 Cr | — | — | — | 16.0% | — | — | -84.0% |
As of Q2 FY27
Financials
Havells India Ltd.
NSE: HAVELLS · Consumer Electronics
Snapshot
Unlock Havells India Ltd.'s vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Havells India Limited is a leading fast-moving electrical goods company that manufactures and sells a diverse range of consumer electrical and electronic products. Its portfolio spans switchgears, cables, lighting, electrical consumer durables, and the Lloyd brand of home appliances.
Business Model
The company generates revenue through the manufacturing, trading, and distribution of electrical products across multiple brands including Havells, Lloyd, Crabtree, Standard, and REO. It operates a robust distribution network serving both domestic Indian markets and international customers in approximately 60 countries.
Growth Outlook
Growth is driven by the expansion of the Lloyd consumer appliance portfolio and the continued demand for energy-efficient electrical infrastructure. The company is also focusing on leveraging its strong brand presence to penetrate deeper into the domestic market and expand its international export footprint.
Key Risks
- Input Cost Volatility. Fluctuations in the prices of raw materials like copper, aluminium, and steel can significantly impact manufacturing margins.
- Intense Market Competition. The consumer electrical and appliance sector faces stiff competition from both established domestic players and low-cost international imports.
- Economic Cyclicality. Demand for consumer durables and electrical infrastructure is highly sensitive to overall economic growth and real estate sector performance.
- Supply Chain Disruptions. Reliance on global supply chains for electronic components and specialized materials poses risks to production timelines and inventory management.
Start your research today
Unlock AI insights, financials, peers and live data on Havells India Ltd. and 5,000+ companies — free.
Key Metrics
REVENUE
₹25,243 Cr
TTM · consolidated
NET PROFIT
₹1,662 Cr
TTM · consolidated
EPS
₹26.52
TTM · consolidated
RETURN ON EQUITY
18.0%
TTM · consolidated
RETURN ON CAPITAL EMPLOYED
22.2%
TTM · consolidated
P/E
38.8x
Q2 FY27 · consolidated
EV/EBITDA
23.3x
Q2 FY27 · consolidated
EBITDA MARGIN
10.7%
TTM · consolidated
NET PROFIT MARGIN
5.4%
Q2 FY27 · consolidated
DEBT TO EQUITY
0.0x
Q2 FY27 · consolidated
Peers · Consumer Electronics
As of Q2 FY27