Havells India share price
NSE: HAVELLSBSE: 517354Consumer DurablesMid Cap
Share price at the NSE close on 28 Oct 2026. Previous close ₹1,008.50.
28 Oct: open ₹1,009.00, high ₹1,033.40, low ₹1,000.30
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹64,350 Cr132nd largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 38.68
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 6.58
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.98%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 18.0%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 18.6%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Sep 2026.
- 0.00
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 11,71,17352.8% delivered
About Havells India
Havells India Limited makes consumer electrical and electronic goods and power distribution equipment for household, commercial and industrial use.1 It sells through dealers, distributors, e-commerce and quick commerce, brand shops, modern retail chains, government canteen stores and projects.2
It reports its results in segments: Switchgears, covering circuit protection equipment, switches and automation solutions (also called wiring accessories) and industrial switchgear; Cables, covering power and flexible cables; Lighting and Fixtures; and Electrical Consumer Durables, covering fans, small domestic appliances and water heaters.345 Lloyd Consumer sells air conditioners, washing machines, refrigerators and televisions under the Lloyd brand.6 In the year to Mar 2026, Others covered motors, solar, solar pumps, pumps, water purifiers and personal grooming; Renewables has been a separate segment since the quarter to Jun 2026.57 It is building its renewables business through rooftop solar, adding solar pumps and EV chargers.8
It supplies products to more than 70 countries, and its international business is around 3.75% of the total.9 Its 4 subsidiaries are all registered outside India, including Havells International Inc. in the United States.10
The company was incorporated on 8 Aug 1983, and its founder was Qimat Rai Gupta.111 Anil Rai Gupta is Chairman and Managing Director; directors Surjit Kumar Gupta and his son Ameet Kumar Gupta belong to the promoter category.1213 In the quarter to Dec 2025, it signed a settlement under which HPL Group accepted the rights of the company and its promoters to the HAVELLS trademark and undertook not to use or challenge it.14
Havells India key points
Results
- In the quarter to Sep 2026, standalone net revenue (the company without its subsidiaries) was ₹6,417 crore, up 34.6% from ₹4,767 crore. EBITDA (profit before interest, tax, depreciation and amortisation) rose 30.5% to ₹576 crore; net profit was ₹353 crore.1516
- In the year to Mar 2026, standalone net revenue was ₹22,466 crore, up 3.3%, EBITDA ₹2,213 crore and profit after tax ₹1,705 crore. Other income included a ₹282.74 crore gain from revaluing its investment in Goldi Solar.1718
- Standalone cash and cash equivalents, including bank deposits, were ₹1,190 crore at the end of September 2026. Its annual report for the year to Mar 2026 states zero debt.192021
Business segments
- Revenue by segment, standalone22
Item half year to Sep 2026 half year to Sep 2025 Cables ₹5,455 crore ₹3,961 crore Electrical Consumer Durables ₹2,185 crore ₹1,962 crore Lloyd Consumer ₹2,074 crore ₹1,740 crore Switchgears ₹1,389 crore ₹1,225 crore Lighting and Fixtures ₹839 crore ₹793 crore Renewables ₹644 crore ₹226 crore Others ₹341 crore ₹296 crore - Cooling products such as air conditioners, fans, air coolers and refrigerators made up nearly one-third of revenue in the year to Mar 2026, when a subdued summer weighed on results.18
- In the year to Mar 2026, Cables revenue grew 20.8%, helped by added capacity and higher commodity prices, while Lloyd revenue fell 22.9% as a weak summer cut demand.23
Distribution and service
- Channel partners24
Item year to Mar 2026 Dealers about 20,700 Retailers 2.72 lakh Electricians 2.80 lakh - In the year to Mar 2026 it added about 100 or more net exclusive brand stores, to more than 1,100 franchisee-owned stores, and runs more than 750 Havells Utsav stores.25
- Its in-house field service platform, Serv+IQ, connects more than 9,000 technicians and has handled 75 lakh service jobs.26
Plants and capacity
- Its 17 factories make 90% of its finished products in-house, with cables at Alwar and Tumakuru, air conditioners, washing machines and refrigerators at Ghiloth, and fans and small domestic appliances at Haridwar.27
- Lloyd commissioned a refrigerator plant at Ghiloth, Rajasthan, in March 2026, with an annual production capacity of 12 lakh units.2829
- It makes cables of up to 132 kV (kilovolts) and is working towards 220 kV extra-high-voltage cables; it invested over ₹700 crore in cables capacity over the 2 years to Mar 2026.30
Research and development
- It spent ₹317.40 crore on research and development in the year to Mar 2026, ₹22.28 crore of it capital spending.31
- In the year to Mar 2026 it filed 22 patent applications and 126 design registrations, taking its totals to 292 patent applications, of which 99 have been granted, and 1,550 design registrations.32
- It completed 670 new product development projects in the year to Mar 2026, and new products made up 31% of total company revenue.33
- Research runs through a consumer design studio, a Bengaluru innovation centre for AI and connected products, and a Noida R&D centre for product quality and reliability.34
Expansion and capital spending
- In its presentation of 22 Oct 2026, the company said it expects capital expenditure of ₹1,400 crore for the year to Mar 2027, mainly for cables capacity and a new R&D centre.35
- The company stated in its annual report for the year to Mar 2026 that it plans a new R&D centre in Noida on 7.3 acres for about 2,000 professionals.36
- The company stated in its annual report for the year to Mar 2026 that Lloyd is setting up front-load washing machine manufacturing, expected to be operational by December 2026.37
What the company expects
- On its earnings call of 17 Jul 2026, the company said advertising spending, which more than doubled year on year in the quarter to Jun 2026, would normalise, and it expects about 2.7% of revenue, its long-term average, for the year to Mar 2027.3839
- On its earnings call of 17 Jul 2026, the company said its renewables focus is on installations for homes and commercial and industrial sites, not utility-scale projects.39
Recent events
- On 25 Sep 2026, CARE assigned or reaffirmed AAA on the company's long-term bank facilities and A1+ on its short-term bank facilities and commercial paper (short-term debt).40
- On 1 Sep 2026, CARE Analytics and Advisory gave the company a corporate governance grade of CG 1, the highest on its scale.41
- On 26 Nov 2025, the company approved buying 26% of Kundan Solar (Pali) Private Limited, a solar power venture to supply its Rajasthan plants; Kundan Group's promoters are related to one of its promoters. By March 2026 it held the stake, for ₹5.63 crore.4243
- On 27 Jun 2025, Goldi Solar became an associate (a company Havells can influence, through shareholder-agreement rights) after Havells invested ₹600 crore for an 8.74% stake; it ceased to be one when those rights were waived in the quarter to Mar 2026.444546
Last updated
All 46 sources, each with its page
- 1. Annual report, 15 May 2026, page 353
- 2. Annual report, 15 May 2026, page 29
- 3. Annual report, 15 May 2026, page 216
- 4. Annual report, 15 May 2026, page 218
- 5. Annual report, 15 May 2026, page 220
- 6. Annual report, 15 May 2026, page 221
- 7. Earnings call, 17 Jul 2026, page 3
- 8. Annual report, 15 May 2026, page 44
- 9. Annual report, 15 May 2026, page 180
- 10. Annual report, 15 May 2026, page 146
- 11. Annual report, 15 May 2026, page 34
- 12. Annual report, 15 May 2026, page 44
- 13. Annual report, 15 May 2026, page 229
- 14. Exchange filing, 19 Jan 2026, page 6
- 15. Investor presentation, 22 Oct 2026, page 4
- 16. Investor presentation, 22 Oct 2026, page 4
- 17. Annual report, 15 May 2026, page 48
- 18. Annual report, 15 May 2026, page 145
- 19. Investor presentation, 22 Oct 2026, page 4
- 20. Investor presentation, 22 Oct 2026, page 9
- 21. Annual report, 15 May 2026, page 74
- 22. Investor presentation, 22 Oct 2026, page 7
- 23. Annual report, 15 May 2026, page 146
- 24. Annual report, 15 May 2026, page 47
- 25. Annual report, 15 May 2026, page 180
- 26. Annual report, 15 May 2026, page 131
- 27. Annual report, 15 May 2026, page 34
- 28. Annual report, 15 May 2026, page 79
- 29. Annual report, 15 May 2026, page 80
- 30. Annual report, 15 May 2026, page 81
- 31. Annual report, 15 May 2026, page 188
- 32. Annual report, 15 May 2026, page 156
- 33. Annual report, 15 May 2026, page 176
- 34. Annual report, 15 May 2026, page 175
- 35. Investor presentation, 22 Oct 2026, page 9
- 36. Annual report, 15 May 2026, page 33
- 37. Annual report, 15 May 2026, page 221
- 38. Earnings call, 17 Jul 2026, page 3
- 39. Earnings call, 17 Jul 2026, page 6
- 40. Exchange filing, 25 Sep 2026, page 1
- 41. Exchange filing, 1 Sep 2026, page 1
- 42. Exchange filing, 26 Nov 2025, page 1
- 43. Annual report, 15 May 2026, page 146
- 44. Annual report, 15 May 2026, page 423
- 45. Annual report, 15 May 2026, page 146
- 46. Annual report, 15 May 2026, page 147
Results
Consolidated; ₹ crore.Havells India quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +16.5%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +13.7%
Quarter to Sep 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹6,432 Crdown 1.32%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹349 Crup 20.54%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 5.4%
Revenue by quarter
Net profit by quarter, a loss in red
| ₹ crore | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4,889 | 6,544 | 5,455 | 4,779 | 5,588 | 6,705 | 6,518 | 6,432 |
| Net profit | 278 | 517 | 348 | 318 | 300 | 723 | 290 | 349 |
| Net margin | 5.7% | 7.9% | 6.4% | 6.7% | 5.4% | 10.8% | 4.4% | 5.4% |
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹22,528 Crup 3.44%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹1,689 Crup 14.90%
- Net margin
- 7.5%
Revenue by year
Net profit by year, a loss in red
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 6,613 | 8,269 | 10,073 | 9,440 | 10,457 | 13,938 | 16,911 | 18,590 | 21,778 | 22,528 |
| Net profit | 494 | 661 | 786 | 735 | 1,044 | 1,196 | 1,072 | 1,271 | 1,470 | 1,689 |
| Net margin | 7.5% | 8.0% | 7.8% | 7.8% | 10.0% | 8.6% | 6.3% | 6.8% | 6.8% | 7.5% |
Business segments
Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit
- CablesCables, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹8,677 Crup 20.78%38.5%
- Lloyd ConsumerLloyd Consumer, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹3,974 Crdown 22.59%17.6%
- Electrical Consumer DurablesElectrical Consumer Durables, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹3,876 Crdown 3.43%17.2%
- SwitchgearsSwitchgears, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹2,586 Crup 7.88%11.5%
- Lighting & FixturesLighting & Fixtures, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹1,688 Crup 1.02%7.5%
- OthersOthers, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹1,727 Crup 25.24%7.7%
Valuation
Today, against the company's own history.Havells India PE ratio and valuation
At or below today's level on 2% of 2,478 trading days over the last 10 years.
At or below today's level on 0.2% of 1,989 trading days since Oct 2018.
At or below today's level on 94% of 2,459 trading days over the last 10 years.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | −21.3% | +14.7% | −32.1% | 0.8% |
| 3 years | +0.8% | +16.4% | −14.0% | 0.7% |
| 5 years | +3.2% | +10.1% | −6.8% | 0.7% |
Mutual fund holdings
177 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 103 of the 122 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 5 more funds filed their first portfolio on record, holding it.All 177 funds holding Havells India
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 4
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 1
- AddedAdded. Funds that held more shares than at the end of the month before.
- 69
- CutCut. Funds that held fewer shares than at the end of the month before.
- 53
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 45
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 23
| Fund | |||
|---|---|---|---|
| 84,42,126 | 0.84% | ₹857.7 Cr | |
| 70,00,000 | 0.83% | ₹711.2 Cr | |
| 60,65,703 | 2.32% | ₹616.3 Cr | |
| 49,06,487 | 0.46% | ₹498.5 Cr | |
| 43,29,230 | 1.18% | ₹439.8 Cr | |
| 27,73,321 | 0.37% | ₹281.8 Cr | |
| 19,19,264 | 0.92% | ₹195.0 Cr | |
| 18,80,000 | 0.85% | ₹191.0 Cr | |
| 18,08,853 | 1.01% | ₹183.8 Cr | |
| 15,84,599 | 0.93% | ₹161.0 Cr |
Promoter and insider buying and selling
Trades made since 29 Oct 2025.Havells India insider trading
No promoter, director, key manager or employee bought or sold on the market.
- Others: no market trade
Havells India competitors and peers
Consumer Electronics, 23 listed companies, priced on 28 Oct 2026. The table lists the 8 companies closest to Havells India in market cap.Consumer durables companies
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| 69,734 | 37.15 | 14.91 | +14.3% | +58.2% | 48.8% | 24.6% | 0.09% | |
| 15,382 | 70.98 | 4.89 | +21.0% | −14.9% | 7.2% | 8.9% | 0.05% | |
| 1,281 | 27.56 | 2.13 | +34.5% | +126.0% | 8.0% | 8.8% | 0.00% | |
| 932 | – | 3.92 | +6.3% | – | −42.1% | −18.9% | 0.00% | |
| 660 | 60.21 | – | +331.1% | +336.9% | 14.0% | – | 0.00% | |
| 641 | 16.19 | – | – | – | 22.0% | – | 0.00% | |
| 446 | – | 0.55 | −5.2% | −121.5% | −2.1% | 0.1% | 0.00% | |
| 432 | 35.39 | 4.38 | +69.6% | +67.8% | 18.8% | – | 0.00% |
Dividends
Per share, by the year it was paid for, and the latest payments.Havells India dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossary| Ex-date | Type | Per share |
|---|---|---|
| 22 May 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹6.00 |
| 23 Jan 2026 | Interim | ₹4.00 |
| 23 May 2025 | Final | ₹6.00 |
| 22 Jan 2025 | Interim | ₹4.00 |
| 31 May 2024 | Final | ₹6.00 |
| 1 Feb 2024 | Interim | ₹3.00 |
Latest announcements
Routine notices left out.Havells India announcements
Oct 2026
27 Oct · Management
27 Oct · Management
26 Oct · Options to purchase securities
24 Oct · Options to purchase securities
24 Oct · Analysts
22 Oct · Results
Havells India share price by year
Each calendar year to 2025.Havells India share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 1,424.90 | −14.9% | 1,701.40 | 1,389.90 |
| 2024 | 1,675.10 | +22.5% | 2,082.40 | 1,290.35 |
| 2023 | 1,367.95 | +24.4% | 1,450.25 | 1,100.60 |
| 2022 | 1,099.95 | −21.3% | 1,406.15 | 1,069.65 |
| 2021 | 1,397.00 | +52.5% | 1,474.10 | 909.90 |
| 2020 | 916.15 | +41.6% | 919.35 | 459.35 |
| 2019 | 647.15 | −6.4% | 794.40 | 634.65 |
| 2018 | 691.50 | +22.9% | 725.25 | 487.85 |
| 2017 | 562.45 | +64.3% | 562.45 | 341.85 |
| 2016 | 342.25 | +12.3% | 452.30 | 269.95 |
Recent sessions
The 9 trading days to 27 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 27 Oct 2026 | 1,010.00 | 1,016.50 | 999.20 | 1,008.50 | 1,007.11 | 8,58,188 | 56.5% |
| 26 Oct 2026 | 1,022.00 | 1,037.70 | 1,005.80 | 1,009.90 | 1,012.74 | 9,70,123 | 43.6% |
| 23 Oct 2026 | 1,088.70 | 1,091.00 | 1,002.80 | 1,031.00 | 1,026.96 | 28,48,199 | 36.4% |
| 22 Oct 2026 | 1,069.90 | 1,090.00 | 1,048.00 | 1,073.00 | 1,072.32 | 20,79,998 | 19.0% |
| 21 Oct 2026 | 1,100.00 | 1,102.60 | 1,064.40 | 1,071.60 | 1,078.85 | 4,69,064 | 48.9% |
| 19 Oct 2026 | 1,121.20 | 1,122.10 | 1,098.00 | 1,102.70 | 1,106.27 | 3,14,312 | 46.3% |
| 16 Oct 2026 | 1,116.10 | 1,138.70 | 1,112.50 | 1,121.00 | 1,128.78 | 7,23,675 | 45.6% |
| 15 Oct 2026 | 1,119.00 | 1,124.80 | 1,106.60 | 1,116.10 | 1,114.14 | 4,53,991 | 49.3% |
| 14 Oct 2026 | 1,082.00 | 1,128.60 | 1,071.10 | 1,119.90 | 1,102.86 | 18,22,026 | 48.4% |
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Bonus shares and stock split history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 26 Aug 2014 | Split | 0.2000 | Each share became 5. |
| 8 Oct 2010 | Bonus | 0.5000 | Holders received 1 bonus share for every 1 held. |
| 6 May 2009 | Price move | – | Between two trading sessions the price moved by a fifth or more. No corporate action is on record. Not adjusted for. |
Company details
- NSE symbol
- HAVELLS
- BSE code
- 517354
- ISIN
- INE176B01034
- Industry
- Consumer Durables
- Website
- www.havells.com
- CIN
- L31900DL1983PLC016304
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1983
- Registered office
- 904, 9th Floor, Surya Kiran Building, Kasturba Gandhi Marg, Connaught Place, New Delhi 110001, Delhi
- Share registrar
- MUFG Intime India Pvt. Ltd
- Keeps the register of shareholders and handles transfers and dividend payments