profit from every ₹100 of sales.
₹0₹100
Havells India
₹1,160.00-0.85% today
-19.3% in 1 year
1-year low ₹1,005.151-year high ₹1,500.45
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2023 to 2026.
0%20% a year
You pay ₹43.06 for every ₹1 of profit it makes in a year.
CheapExpensive
It holds more cash than debt.
No debt5 years
Money in, money out
What Havells India sold, what it kept, and what it did with the cash.
Sales went from ₹168 billion in 2023 to ₹223 billion in 2026, with ₹16.9 billion of profit last year.
SalesProfit
Havells India handed back more cash to shareholders than it generated last year.
₹6.3B
Free cash flow 2026₹875M
Bought back its own shares–
Paid as dividends₹6.3B
Cash vs. debt₹7.9B vs. ₹2.7B
Havells India vs. similar companies
Havells India grows in the middle of these 5 and is priced in the middle for its profits.
| Company | Profit from ₹100 of sales | Sales growth a year | Price per ₹1 of profit |
|---|---|---|---|
| Havells India | 43.1× · Expensive | ||
 Contemporary Amperex Technology | 20.2× · Fair price | ||
 ABB | 32.0× · Expensive | ||
 Vertiv | 58.4× · Expensive | ||
 Delta Electronics (Thailand) Public | 95.5× · Very expensive |
AI analysis
An AI analyst reads Havells India's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of INR | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| 168,057 | 184,733 | 216,001 | 222,881 | |
| 47,136 | 54,669 | 64,606 | 66,435 | |
| 13,453 | 15,693 | 18,229 | 18,611 | |
| 17,769 | 20,916 | 24,340 | 26,786 | |
| 10,717 | 12,708 | 14,723 | 16,906 | |
| 17.11 | 20.28 | 23.48 | – | |
| 28.0% | 29.6% | 29.9% | 29.8% | |
| 8.0% | 8.5% | 8.4% | 8.4% | |
| 6.4% | 6.9% | 6.8% | 7.6% |
Balance sheet
| In millions of INR | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Total assets | 111,574 | 124,327 | 138,094 | 147,463 |
| Cash | 4,652 | 2,656 | 8,063 | 7,886 |
| Total debt | 2,231 | 3,032 | 3,185 | 2,652 |
| Total liabilities | 45,320 | 49,859 | 54,684 | 52,776 |
| 66,255 | 74,468 | 83,238 | 94,555 | |
| 627 | 627 | 627 | – | |
| 17.1% | 17.9% | 18.6% | 18.3% | |
| 16.2% | 17.1% | 17.7% | 17.9% |
Cash flow
| In millions of INR | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| 5,649 | 19,529 | 15,230 | 15,720 | |
| 5,878 | 7,861 | 7,660 | 14,845 | |
| -229 | 11,668 | 7,571 | 875 | |
| Dividends paid | 4,703 | 4,701 | 6,268 | 6,271 |
| – | – | – | – | |
| 18 | 43 | 182 | 219 |
Valuation
- 43.1×
- –
- –
- 7.5×
- 3.3×
- 831.6×
- 27.0×
- 0.1%
- 2.3%
- 0.9%
Profitability
- 29.8%
- 8.4%
- 7.6%
- –
- 17.3%
- 17.0%
- –
- –
- –
- –
Growth
- +9.9%
- –
- –
- –
- +0.0%
Financial health
- -0.2×
- 0.03
- –
- 60.5×
- 1.71
- –
- –
How it ranks in Industrials
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 11%of 978
Bottom 46%of 985
Bottom 15%of 866
Top 35%of 984
Bottom 19%of 987
0.9%of the share price, paid each year
On $1,000 invested$9a year at today's yield, before tax
–per share
Raised–not every year
How safe it looks
37.1% of its profit
Room to growStretchedMore than it earns: 716.4%
News
No recent news on file.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
1/7Passes 1 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
52No pass
Benjamin Graham
42No pass
Philip Fisher
38No pass
Peter Lynch
64Pass
Joel Greenblatt
18No pass
Charlie Munger
46No pass
Terry Smith
36No pass
Questions about Havells India
Is Havells India a good stock to buy?
A business with weak numbers, but the price is high. 1 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Havells India AI analysis
What does Havells India do?
Havells India Limited, a fast-moving electrical goods company, manufactures, trades in, and sells various consumer electrical and electronic products in India and internationally. It is in Electrical Equipment & Parts, based in Noida, India, with 7,532 employees.
Does Havells India pay a dividend?
Yes. At today's price the dividend is 0.9% a year, about 37% of its yearly profit. In 2026 it paid out ₹6.27 billion in dividends.
Is Havells India stock halal?
Yes. Havells India passes our halal screen: its business is permitted and its debt is 0.4% of its market value, under the 30% limit. How we check
How has Havells India stock done over the past year?
Down 19.3% over the past twelve months, to ₹1,160.00. It traded between ₹1,005.15 and ₹1,500.45 and is 22.7% below its high.
Who are Havells India's competitors?
The largest listed companies in the same industry are Contemporary Amperex Technology, ABB, Vertiv and Delta Electronics (Thailand) Public. The peers table on this page compares their profit, growth and price with Havells India's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.