Havells India
Market Cap
₹389.7b
Last Updated
2020/02/24 12:53 UTC
Data Sources
Company Financials +
Executive Summary
Havells India Limited, a fast moving electrical goods company, manufactures, sells, and exports industrial and consumer electrical products in India and internationally.
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet average dividend payer.
Similar Companies
Share Price & News
How has Havells India's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: HAVELLS has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
4.0%
HAVELLS
0.3%
IN Electrical
-0.07%
IN Market
1 Year Return
-10.8%
HAVELLS
-20.0%
IN Electrical
9.5%
IN Market
Return vs Industry: HAVELLS exceeded the Indian Electrical industry which returned -20% over the past year.
Return vs Market: HAVELLS underperformed the Indian Market which returned 9.5% over the past year.
Shareholder returns
| HAVELLS | Industry | Market | |
|---|---|---|---|
| 7 Day | 4.0% | 0.3% | -0.07% |
| 30 Day | 0.6% | -5.6% | -1.3% |
| 90 Day | -6.6% | -7.5% | 1.9% |
| 1 Year | -10.3%-10.8% | -18.4%-20.0% | 11.5%9.5% |
| 3 Year | 58.9%55.6% | -9.9%-12.9% | 23.6%16.7% |
| 5 Year | 136.5%125.0% | -20.9%-25.1% | 35.5%22.9% |
Price Volatility Vs. Market
How volatile is Havells India's share price compared to the market and industry in the last 5 years?
Simply Wall St News
19 hours ago | Simply Wall St
We Think Havells India (NSE:HAVELLS) Can Stay On Top Of Its Debt1 week ago | Simply Wall St
Is Havells India Limited's (NSE:HAVELLS) CEO Overpaid Relative To Its Peers?3 weeks ago | Simply Wall St
Havells India Limited (NSE:HAVELLS) Is Employing Capital Very EffectivelyValuation
Is Havells India undervalued compared to its fair value and its price relative to the market?
51.7x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: HAVELLS (₹622.75) is trading above our estimate of fair value (₹159.75)
Significantly Below Fair Value: HAVELLS is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: HAVELLS is poor value based on its PE Ratio (51.4x) compared to the Electrical industry average (14.2x).
PE vs Market: HAVELLS is poor value based on its PE Ratio (51.4x) compared to the Indian market (13.3x).
Price to Earnings Growth Ratio
PEG Ratio: HAVELLS is poor value based on its PEG Ratio (2.6x)
Price to Book Ratio
PB vs Industry: HAVELLS is overvalued based on its PB Ratio (9.2x) compared to the IN Electrical industry average (0.8x).
Next Steps
Future Growth
How is Havells India forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
19.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HAVELLS's forecast earnings growth (19.9% per year) is above the savings rate (6.5%).
Earnings vs Market: HAVELLS's earnings (19.9% per year) are forecast to grow slower than the Indian market (20.5% per year).
High Growth Earnings: HAVELLS's earnings are forecast to grow, but not significantly.
Revenue vs Market: HAVELLS's revenue (15.7% per year) is forecast to grow faster than the Indian market (9% per year).
High Growth Revenue: HAVELLS's revenue (15.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: HAVELLS's Return on Equity is forecast to be low in 3 years time (20%).
Next Steps
Past Performance
How has Havells India performed over the past 5 years?
9.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HAVELLS has a high level of non-cash earnings.
Growing Profit Margin: HAVELLS's current net profit margins (7.6%) are lower than last year (7.9%).
Past Earnings Growth Analysis
Earnings Trend: HAVELLS's earnings have grown by 9% per year over the past 5 years.
Accelerating Growth: HAVELLS's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: HAVELLS had negative earnings growth (-0.2%) over the past year, making it difficult to compare to the Electrical industry average (11.7%).
Return on Equity
High ROE: HAVELLS's Return on Equity (17.8%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Havells India's financial position?
Financial Position Analysis
Short Term Liabilities: HAVELLS's short term assets (₹32.2B) exceed its short term liabilities (₹21.0B).
Long Term Liabilities: HAVELLS's short term assets (₹32.2B) exceed its long term liabilities (₹4.8B).
Debt to Equity History and Analysis
Debt Level: HAVELLS's debt to equity ratio (0.3%) is considered satisfactory.
Reducing Debt: HAVELLS's debt to equity ratio has reduced from 35.2% to 0.3% over the past 5 years.
Debt Coverage: HAVELLS's debt is well covered by operating cash flow (3907.9%).
Interest Coverage: HAVELLS earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Inventory Level: HAVELLS has a high level of physical assets or inventory.
Debt Coverage by Assets: HAVELLS's debt is covered by short term assets (assets are 238.8x debt).
Next Steps
Dividend
What is Havells India's current dividend yield, its reliability and sustainability?
0.72%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: HAVELLS's dividend (0.72%) is higher than the bottom 25% of dividend payers in the Indian market (0.59%).
High Dividend: HAVELLS's dividend (0.72%) is low compared to the top 25% of dividend payers in the Indian market (2.59%).
Stability and Growth of Payments
Stable Dividend: HAVELLS's dividend payments have been volatile in the past 10 years.
Growing Dividend: HAVELLS's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (37.1%), HAVELLS's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: HAVELLS's dividends in 3 years are forecast to be well covered by earnings (33.7% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.8yrs
Average management tenure
CEO
Anil Gupta (50yo)
5.3yrs
Tenure
₹201,934,000
Compensation
Mr. Anil Rai Gupta has been an Executive Chairman and Managing Director of Havells India Limited since November 13, 2014 and serves as its CEO. He served as an Investor Director of Jana Small Finance Bank ...
CEO Compensation Analysis
Compensation vs Market: Anil's total compensation ($USD2.81M) is above average for companies of similar size in the Indian market ($USD1.14M).
Compensation vs Earnings: Anil's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman & MD | 5.3yrs | ₹201.93m | 12.38% ₹48.2b | |
| Director of Finance | 9.4yrs | ₹108.24m | 0.14% ₹531.3m | |
| Executive Whole-Time Director | 5.1yrs | ₹80.75m | no data | |
| Executive President | 0yrs | no data | no data | |
| Executive VP & CTO | 1.7yrs | no data | no data | |
| Senior VP & Chief Information Officer | 4yrs | no data | no data | |
| VP, Compliance Officer & Company Secretary | 10.3yrs | ₹5.10m | 0.00048% ₹1.9m | |
| Head of Legal & Wholetime Director | 0.8yrs | no data | no data | |
| Head of Corporate Communications | 0yrs | no data | no data | |
| Vice President of Marketing | 2.6yrs | no data | no data |
4.8yrs
Average Tenure
50.5yo
Average Age
Experienced Management: HAVELLS's management team is considered experienced (4.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman & MD | 5.3yrs | ₹201.93m | 12.38% ₹48.2b | |
| Director of Finance | 9.4yrs | ₹108.24m | 0.14% ₹531.3m | |
| Executive Whole-Time Director | 5.1yrs | ₹80.75m | no data | |
| Head of Legal & Wholetime Director | 0.8yrs | no data | no data | |
| Non-Independent Non-Executive Director | 5.2yrs | ₹1.24m | no data | |
| Non-Independent Non-Executive Director | 36.5yrs | no data | no data | |
| Independent Director | 9.8yrs | ₹1.84m | no data | |
| Independent Director | 11.1yrs | ₹1.66m | no data | |
| Independent Director | 5.6yrs | ₹1.60m | no data | |
| Independent Director | 9.6yrs | ₹1.51m | no data |
7.5yrs
Average Tenure
65.5yo
Average Age
Experienced Board: HAVELLS's board of directors are considered experienced (7.5 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Havells India Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Havells India Limited
- Ticker: HAVELLS
- Exchange: NSEI
- Founded: 1958
- Industry: Electrical Components and Equipment
- Sector: Capital Goods
- Market Cap: ₹389.719b
- Shares outstanding: 625.80m
- Website: https://www.havells.com
Location
- Havells India Limited
- QRG Towers
- 2D, Express way
- Noida
- Uttar Pradesh
- 201304
- India
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 517354 | BSE (Mumbai Stock Exchange) | Yes | Equity Shares | IN | INR | Mar 2001 |
| HAVELLS | NSEI (National Stock Exchange of India) | Yes | Equity Shares | IN | INR | Mar 2001 |
Biography
Havells India Limited, a fast moving electrical goods company, manufactures, sells, and exports industrial and consumer electrical products in India and internationally. It operates through five segments: Switchgears, Cables, Lighting and Fixtures, Electrical Consumer Durables, and Lloyd Consumer. The company offers switches; switchgears, such as circuit breakers, energy savers, human safety equipment, distribution boards, surge protection products, and control and monitoring devices, as well as electrical wiring accessories, industrial motors, and capacitors; appliances, including cooking, food preparation, brewing, garment care, and climate control appliances; and cables consisting of domestic cables and industrial underground cables, as well flexible cables. It also provides fans comprising ceiling, table, pedestal, wall, ceiling mounting, personal, and domestic exhaust fans; lighting solutions; storage, instant, instantaneous gas, and solar water heaters; pumps, such as centrifugal, mono block, and submersible pumps; water purifiers; air conditioners; televisions; washing machines; air circulators; heavy duty exhaust fans; and air coolers. In addition, the company offers motors, including crane duty, smoke, brake, inverter duty, and energy efficient motors; reactive power solutions; and personal grooming products. Further, it provides lighting products, such as LED, industrial, and commercial luminaries; down lighters; landscape and area lighting products; lamps; home decor items; and spotlights, as well as LED strips, battens, COB, panels, etc. The company markets its products primarily under the Havells brand name. Havells India Limited was founded in 1958 and is headquartered in Noida, India.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/24 12:53 |
| End of Day Share Price | 2020/02/24 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/03/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.