Is Havells India (HAVELLS) overvalued or fairly valued?

MarketChacha shows Havells India's valuation in context — a forward P/E of about 36.6, a price-to-book of about 8.0 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

What is Havells India's revenue?

Havells India reported revenue of ₹22,528 Cr for FY2026, with net profit of ₹1,705 Cr, per official filings.

What is the share price of Havells India (HAVELLS)?

Havells India last traded at ₹1,215.90 (+2.4% on the day), as of 7/21/2026 — a delayed quote shown for education, not investment advice.

Havells India

HAVELLS · NSE · Electricals · India

₹1,215.90+2.4%

Delayed · as reported by Yahoo Finance · as of Jul 21, 2026, 5:38 AM

Snapshot

TickerHAVELLS

ExchangeNSE

SectorElectricals

IndustryElectrical Equipment & Parts

CountryIndia

Employees7,598

HeadquartersNoida, India

Market cap₹75,326 Cr

P/B8.0

Volume5.98L

Websitewww.havells.com

Filings tracked0

About Havells India

Havells India Limited, a fast-moving electrical and electronic durables company, manufactures, trades in, and sells various consumer electrical and electronic products in India and internationally. The company operates through six segments: Switchgears, Cables, Lighting and Fixtures, Electrical Consumer Durables, Lloyd Consumer, and Others. It offers switches; switchgears, such as circuit breakers, energy savers, human safety equipment, distribution boards, surge protection devices, and control and monitoring devices, as well as magnetic contractor, thermal overload relays, switchgear, circuit breakers, and starters; lighting products; and home appliances, including air conditioners, LED televisions, washing machines, refrigerators, air coolers and purifiers, appliances, personal grooming products, water heaters and purifiers, and geysers. The company also provides flexible, power, control, and fire survival cables; fans comprising ceiling, table, pedestal, wall, ceiling mounting, personal, and domestic exhaust fans; centrifugal, mono block, submersible, borewell and sewage submersible, pressure, and shallow well jet pumps; dishwashers; air circulators; and heavy-duty exhaust fans. In addition, it offers crane duty, smoke, brake, inverter duty, and energy motors; solar rooftop on grid, solar off grid, and solar on grid inverter solutions; power solutions, including power capacitors, IOT enabled IPFC relays, HD harmonic detuned reactors, IOT enabled APFC panels, and high PIV thyristor switches; and smart home automation solutions that connects lights, curtains, air conditioners, and other devices to control them through smart phone, tablet or wall panel, as well as smart modular switches and accessories. The company offers its products under the Havells, Lloyd, Havells Crabtree, REO, and Havells Studio brands. Havells India Limited was founded in 1958 and is based in Noida, India.

Profile as reported by Yahoo Finance.

Who owns it

Promoters63.5%
Institutions24.3%
Public & other12.2%

181 institutional holders

As reported by Yahoo Finance. Promoter pledge is not included here — that comes from exchange shareholding filings.

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Net margin trend6.4% → 7.6%

Margin has expanded by about 1.2 points — the business is getting more profitable.

Growth qualityrev 10% · PAT 17%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (Yahoo Finance). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev ₹6,473 Cr · EPS 6.90

Est. earnings growth +29.7%

Next fiscal year

Rev ₹29,691 Cr · EPS 32.79

Est. earnings growth +21.1%

Analyst consensus estimates — not the company's own guidance. As reported by Yahoo Finance.

₹1,123.6052-wk range₹1,621.10

Delayed · as reported by Yahoo Finance

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Financials at a glance

Source: Yahoo Finance

Annual

Quarterly · last 4

Market cap

₹75,326 Cr

Day change

+2.4%

Fwd P/E

36.6

P/B

8.0

Div yield

1.01%

Beta

0.23

Revenue (FY2026)

₹22,528 Cr

Net margin

7.6%

Revenue CAGR (3y)

+10.1%

Profit CAGR (3y)

+16.6%

Net profit (FY2026)

₹1,705 Cr

Market figures: Delayed · as reported by Yahoo Finance. Financials as reported in company filings.

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Financials

Yearly

Period	Revenue	Net profit	Net margin
FY2026	₹22,528 Cr	₹1,705 Cr	7.6%
FY2025	₹21,746 Cr	₹1,489 Cr	6.8%
FY2024	₹18,550 Cr	₹1,273 Cr	6.9%
FY2023	₹16,868 Cr	₹1,075 Cr	6.4%

Quarterly

Period	Revenue	Net profit	Net margin
2026Q2	₹6,510 Cr	₹290 Cr	4.5%
2026Q1	₹6,705 Cr	₹723 Cr	10.8%
2025Q4	₹5,573 Cr	₹301 Cr	5.4%
2025Q3	₹4,779 Cr	₹319 Cr	6.7%

Figures as reported, in ₹ (crore). Source: Yahoo Finance.

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed · as reported by yahoo finance) are delayed and shown for reference only. Verify with the linked sources before acting.