Havells India Limited
Havells India Limited (HAVELLS) financial statements and selected valuation metrics from NSE/BSE exchange filings through 30 June 2026.
Consumer Discretionary›Consumer Durables›Consumer Durables›Consumer Electronics
Key metrics
Price as of 2026-09-03
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Share price
NSE closing price from historical market data.
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Statement tables · Consolidated
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Amounts in ₹ Cr · NSE preferred when both exchanges report the same period · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,900 Cr | 4,414 Cr | 5,442 Cr | 5,806 Cr | 4,539 Cr | 4,889 Cr | 6,544 Cr | 5,455 Cr | 4,779 Cr | 5,588 Cr | 6,705 Cr | 6,518 Cr |
| Operating expenses (approx.) | 3,527 Cr | 3,981 Cr | 4,807 Cr | 5,234 Cr | 4,164 Cr | 4,462 Cr | 5,787 Cr | 4,940 Cr | 4,341 Cr | 5,072 Cr | 5,976 Cr | 6,052 Cr |
| EBITDA | 373 Cr | 433 Cr | 635 Cr | 572 Cr | 375 Cr | 427 Cr | 757 Cr | 516 Cr | 438 Cr | 516 Cr | 729 Cr | 466 Cr |
| OPM % | 9.6% | 9.8% | 11.7% | 9.9% | 8.3% | 8.7% | 11.6% | 9.5% | 9.2% | 9.2% | 10.9% | 7.2% |
| Other income | 52 Cr | 56 Cr | 76 Cr | 77 Cr | 93 Cr | 64 Cr | 69 Cr | 69 Cr | 86 Cr | 43 Cr | 296 Cr | 54 Cr |
| Interest | 9 Cr | 10 Cr | 18 Cr | 9 Cr | 10 Cr | 9 Cr | 15 Cr | 9 Cr | 9 Cr | 9 Cr | 10 Cr | 7 Cr |
| Depreciation | 81 Cr | 88 Cr | 93 Cr | 92 Cr | 95 Cr | 104 Cr | 110 Cr | 106 Cr | 106 Cr | 109 Cr | 112 Cr | 121 Cr |
| Profit before tax | 335 Cr | 391 Cr | 599 Cr | 549 Cr | 363 Cr | 377 Cr | 701 Cr | 470 Cr | 415 Cr | 408 Cr | 918 Cr | 392 Cr |
| Tax % | 25.7% | 26.3% | 25.5% | 25.8% | 26.3% | 26.3% | 26.2% | 26.0% | 23.2% | 26.4% | 21.2% | 26.1% |
| Net profit | 249 Cr | 288 Cr | 447 Cr | 408 Cr | 268 Cr | 278 Cr | 517 Cr | 348 Cr | 318 Cr | 300 Cr | 723 Cr | 290 Cr |
| EPS (₹) | ₹3.97 | ₹4.59 | ₹7.13 | ₹6.49 | ₹4.28 | ₹4.43 | ₹8.26 | ₹5.55 | ₹5.09 | ₹4.80 | ₹11.52 | ₹4.63 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2019BSE balance sheet (this exchange's own filing had none for this period) | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 10,073 Cr | 9,440 Cr | 10,457 Cr | 13,938 Cr | 16,911 Cr | 18,590 Cr | 21,778 Cr | 22,528 Cr | Sign in for TTM |
| Operating expenses (approx.) | 8,889 Cr | 8,412 Cr | 8,886 Cr | 12,178 Cr | 15,312 Cr | 16,747 Cr | 19,647 Cr | 20,328 Cr | Sign in for TTM |
| EBITDA | 1,184 Cr | 1,029 Cr | 1,572 Cr | 1,760 Cr | 1,599 Cr | 1,843 Cr | 2,131 Cr | 2,200 Cr | Sign in for TTM |
| OPM % | 11.8% | 10.9% | 15.0% | 12.6% | 9.5% | 9.9% | 9.8% | 9.8% | Sign in for TTM |
| Other income | 129 Cr | 113 Cr | 187 Cr | 160 Cr | 178 Cr | 249 Cr | 303 Cr | 494 Cr | Sign in for TTM |
| Interest | 16 Cr | 20 Cr | 73 Cr | 53 Cr | 34 Cr | 46 Cr | 43 Cr | 37 Cr | Sign in for TTM |
| Depreciation | 153 Cr | 218 Cr | 249 Cr | 261 Cr | 296 Cr | 339 Cr | 400 Cr | 432 Cr | Sign in for TTM |
| Profit before tax | 1,144 Cr | 904 Cr | 1,438 Cr | 1,607 Cr | 1,447 Cr | 1,707 Cr | 1,990 Cr | 2,210 Cr | Sign in for TTM |
| Tax % | 31.3% | 18.7% | 27.4% | 25.5% | 25.9% | 25.6% | 26.1% | 23.5% | Sign in for TTM |
| Net profit | 786 Cr | 735 Cr | 1,044 Cr | 1,196 Cr | 1,072 Cr | 1,271 Cr | 1,470 Cr | 1,689 Cr | Sign in for TTM |
| EPS (₹) | ₹12.56 | ₹11.76 | ₹16.68 | ₹19.11 | ₹17.11 | ₹20.28 | ₹23.49 | ₹26.95 | Sign in for TTM |
| Dividend payout % | — | — | — | 34.0% | 43.9% | 37.0% | 42.6% | 37.1% | Sign in for TTM |
Trailing twelve months totals and margin rows
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2019BSE balance sheet (this exchange's own filing had none for this period) | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 63 Cr | 63 Cr | 63 Cr | 63 Cr | 63 Cr | 63 Cr | 63 Cr | 63 Cr |
| Reserves | 4,155 Cr | 4,249 Cr | 5,114 Cr | 5,940 Cr | 6,563 Cr | 7,384 Cr | 8,261 Cr | 9,393 Cr |
| Borrowings | 41 Cr | — | — | — | — | — | — | — |
| Other liabilities | 2,914 Cr | 2,762 Cr | 3,676 Cr | 4,520 Cr | 4,532 Cr | 4,986 Cr | 5,468 Cr | 5,278 Cr |
| Total liabilities | 7,172 Cr | 7,073 Cr | 8,852 Cr | 10,523 Cr | 11,157 Cr | 12,433 Cr | 13,809 Cr | 14,746 Cr |
| Fixed assets (net) | 1,434 Cr | — | — | — | 2,228 Cr | 2,606 Cr | 3,252 Cr | 3,813 Cr |
| CWIP | 232 Cr | — | — | — | 163 Cr | 297 Cr | 116 Cr | 439 Cr |
| Investments | 0 Cr | — | — | — | 201 Cr | 20 Cr | 11 Cr | 0 Cr |
| Inventories | 1,919 Cr | — | — | — | 3,709 Cr | 3,409 Cr | 4,047 Cr | 4,441 Cr |
| Trade receivables | 407 Cr | — | — | — | 974 Cr | 1,165 Cr | 1,258 Cr | 790 Cr |
| Cash & bank | 705 Cr | — | — | — | 465 Cr | 266 Cr | 807 Cr | 791 Cr |
| Other assets | 2,476 Cr | 7,073 Cr | 8,852 Cr | 10,523 Cr | 3,418 Cr | 4,670 Cr | 4,317 Cr | 4,473 Cr |
| Total assets | 7,172 Cr | 7,073 Cr | 8,852 Cr | 10,523 Cr | 11,157 Cr | 12,433 Cr | 13,809 Cr | 14,746 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2019BSE balance sheet (this exchange's own filing had none for this period) | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | — | — | — | 1,728 Cr | 565 Cr | 1,953 Cr | 1,515 Cr | 1,572 Cr |
| Cash from investing | — | — | — | -759 Cr | 35 Cr | -1,614 Cr | -302 Cr | -893 Cr |
| Cash from financing | — | — | — | -547 Cr | -907 Cr | -534 Cr | -669 Cr | -693 Cr |
| Net cash flow | — | — | — | 421 Cr | -311 Cr | -199 Cr | 541 Cr | -17 Cr |
| Free cash flow (OCF − Capex) | — | — | — | 1,470 Cr | -23 Cr | 1,167 Cr | 749 Cr | 88 Cr |
Ratios
Ratios as reported or derived per annual period.
| Metric | Mar 2019BSE balance sheet (this exchange's own filing had none for this period) | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| ROCE % | 27.5% | 21.4% | 29.2% | 27.7% | 22.3% | 23.5% | 24.4% | 23.7% |
| ROE % | 18.6% | 17.1% | 20.2% | 19.9% | 0.0% | 17.0% | 17.7% | 17.9% |
| Debtor days | 15 | — | — | — | 21 | 23 | 21 | 13 |
| Inventory days | 154 | — | — | — | 145 | 126 | 123 | 131 |
| Days payable | 125 | — | — | — | 103 | 100 | 92 | 86 |
| Cash conversion cycle | 44 | — | — | — | 63 | 49 | 51 | 58 |
| Debt / equity | 0.0096 | — | — | — | — | — | — | — |
| Current ratio | 1.51 | — | — | — | 1.84 | 1.84 | 1.86 | 1.71 |
| Net debt / EBITDA | 0.00 | 0.00 | 0.00 | 0.00 | -0.29 | -0.14 | -0.38 | -0.36 |
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