Havells India
Market Cap
₹625.4b
Last Updated
2021/06/23 19:03 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. More Details
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet with solid track record and pays a dividend.
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 is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: HAVELLS's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
0.08%
HAVELLS
1.0%
IN Electrical
-0.5%
IN Market
1 Year Return
72.3%
HAVELLS
89.4%
IN Electrical
59.4%
IN Market
Return vs Industry: HAVELLS underperformed the Indian Electrical industry which returned 87.2% over the past year.
Return vs Market: HAVELLS exceeded the Indian Market which returned 58.5% over the past year.
Shareholder returns
| HAVELLS | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.08% | 1.0% | -0.5% |
| 30 Day | 0.3% | 5.3% | 4.4% |
| 90 Day | -4.9% | 18.4% | 14.5% |
| 1 Year | 73.4%72.3% | 90.3%89.4% | 61.8%59.4% |
| 3 Year | 96.1%91.0% | 29.5%22.4% | 44.1%37.0% |
| 5 Year | 186.9%177.4% | 63.5%54.2% | 93.2%78.7% |
Long-Term 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
1 week ago | Simply Wall St
Havells India Limited (NSE:HAVELLS) Is About To Go Ex-Dividend, And It Pays A 0.7% Yield3 weeks ago | Simply Wall St
Is It Time To Consider Buying Havells India Limited (NSE:HAVELLS)?1 month ago | Simply Wall St
Capital Allocation Trends At Havells India (NSE:HAVELLS) Aren't IdealValuation
Is Havells India undervalued compared to its fair value and its price relative to the market?
59.85x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: HAVELLS (₹999.7) is trading above our estimate of fair value (₹173.47)
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 (59.9x) compared to the Indian Electrical industry average (26.1x).
PE vs Market: HAVELLS is poor value based on its PE Ratio (59.9x) compared to the Indian market (21.8x).
Price to Earnings Growth Ratio
PEG Ratio: HAVELLS is poor value based on its PEG Ratio (3.9x)
Price to Book Ratio
PB vs Industry: HAVELLS is overvalued based on its PB Ratio (12.1x) compared to the IN Electrical industry average (1.3x).
Future Growth
How is Havells India forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
15.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HAVELLS's forecast earnings growth (15.4% per year) is above the savings rate (6.8%).
Earnings vs Market: HAVELLS's earnings (15.4% per year) are forecast to grow slower than the Indian market (21% per year).
High Growth Earnings: HAVELLS's earnings are forecast to grow, but not significantly.
Revenue vs Market: HAVELLS's revenue (14.2% per year) is forecast to grow faster than the Indian market (12.6% per year).
High Growth Revenue: HAVELLS's revenue (14.2% 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 high in 3 years time (23%)
Past Performance
How has Havells India performed over the past 5 years?
-2.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HAVELLS has high quality earnings.
Growing Profit Margin: HAVELLS's current net profit margins (10%) are higher than last year (7.8%).
Past Earnings Growth Analysis
Earnings Trend: HAVELLS's earnings have declined by 2.1% per year over the past 5 years.
Accelerating Growth: HAVELLS's earnings growth over the past year (42%) exceeds its 5-year average (-2.1% per year).
Earnings vs Industry: HAVELLS earnings growth over the past year (42%) exceeded the Electrical industry -3.5%.
Return on Equity
High ROE: HAVELLS's Return on Equity (20.2%) is considered high.
Financial Health
How is Havells India's financial position?
Financial Position Analysis
Short Term Liabilities: HAVELLS's short term assets (₹53.2B) exceed its short term liabilities (₹27.8B).
Long Term Liabilities: HAVELLS's short term assets (₹53.2B) exceed its long term liabilities (₹9.0B).
Debt to Equity History and Analysis
Debt Level: HAVELLS's debt to equity ratio (9.5%) is considered satisfactory.
Reducing Debt: HAVELLS's debt to equity ratio has increased from 3.5% to 9.5% over the past 5 years.
Debt Coverage: HAVELLS's debt is well covered by operating cash flow (134.2%).
Interest Coverage: HAVELLS earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Dividend
What is Havells India current dividend yield, its reliability and sustainability?
0.70%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: HAVELLS's dividend (0.7%) is higher than the bottom 25% of dividend payers in the Indian market (0.37%).
High Dividend: HAVELLS's dividend (0.7%) is low compared to the top 25% of dividend payers in the Indian market (1.55%).
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 (39%), 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 (44.8% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
6.3yrs
Average management tenure
CEO
Anil Gupta (52 yo)
6.58yrs
Tenure
₹245,523,000
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 ($USD3.31M) is above average for companies of similar size in the Indian market ($USD816.16K).
Compensation vs Earnings: Anil's compensation has increased by more than 20% in the past year.
Leadership Team
Experienced Management: HAVELLS's management team is seasoned and experienced (6.3 years average tenure).
Board Members
Experienced Board: HAVELLS's board of directors are considered experienced (6.5 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: ₹625.364b
- Shares outstanding: 626.30m
- Website: https://www.havells.com
Number of Employees
Location
- Havells India Limited
- QRG Towers
- 2D, Express way
- Noida
- Uttar Pradesh
- 201304
- India
Listings
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: ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/06/23 19:03 |
| End of Day Share Price | 2021/06/23 00:00 |
| Earnings | 2021/03/31 |
| Annual Earnings | 2021/03/31 |
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.