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Havells IndiaNSEI:HAVELLS Stock Report

Market Cap

₹921.9b

7D

1.2%

1Y

118.0%

Updated

18 Sep, 2021

Data

Company Financials +
HAVELLS fundamental analysis
Snowflake Score
Valuation0/6
Future Growth3/6
Past Performance6/6
Financial Health5/6
Dividends4/6

HAVELLS Overview

Havells India Limited, a fast moving electrical goods company, manufactures, sells, and exports industrial and consumer electrical products in India and internationally.

Havells India Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Havells India
Historical stock prices
Current Share Price₹1,471.90
52 Week High₹645.00
52 Week Low₹1,482.70
Beta0.69
1 Month Change19.26%
3 Month Change47.71%
1 Year Change117.98%
3 Year Change131.78%
5 Year Change260.58%
Change since IPO9,429.95%

Recent News & Updates

Sep 14
Havells India (NSE:HAVELLS) Looks To Prolong Its Impressive Returns

Havells India (NSE:HAVELLS) Looks To Prolong Its Impressive Returns

What are the early trends we should look for to identify a stock that could multiply in value over the long term...

Aug 30
If You Like EPS Growth Then Check Out Havells India (NSE:HAVELLS) Before It's Too Late

If You Like EPS Growth Then Check Out Havells India (NSE:HAVELLS) Before It's Too Late

It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...

Jul 25
Havells India (NSE:HAVELLS) Has A Pretty Healthy Balance Sheet

Havells India (NSE:HAVELLS) Has A Pretty Healthy Balance Sheet

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...

Shareholder Returns

HAVELLSIN ElectricalIN Market
7D1.2%1.2%1.2%
1Y118.0%105.9%59.0%

Return vs Industry: HAVELLS exceeded the Indian Electrical industry which returned 105.9% over the past year.

Return vs Market: HAVELLS exceeded the Indian Market which returned 59% over the past year.

Price Volatility

Is HAVELLS's price volatile compared to industry and market?
HAVELLS volatility
HAVELLS Beta0.69
Industry Beta0.94
Market Beta1

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.

About the Company

FoundedEmployeesCEOWebsite
19585,727Anil Guptahttps://www.havells.com

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 devices, and control and monitoring devices, as well as electrical wiring accessories, industrial motors, and capacitors; appliances, including cooking, food preparation, brewing, garment care, climate control appliances, and air purifiers; and cables consisting of domestic cables and industrial underground cables, as well flexible cables.

Havells India Fundamentals Summary

How do Havells India's earnings and revenue compare to its market cap?
HAVELLS fundamental statistics
Market Cap₹921.86b
Earnings (TTM)₹12.16b
Revenue (TTM)₹115.84b

75.8x

P/E Ratio

8.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HAVELLS income statement (TTM)
Revenue₹115.84b
Cost of Revenue₹72.58b
Gross Profit₹43.26b
Expenses₹31.10b
Earnings₹12.16b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)19.44
Gross Margin37.34%
Net Profit Margin10.50%
Debt/Equity Ratio12.0%

How did HAVELLS perform over the long term?

See historical performance and comparison

Dividends

0.5%

Current Dividend Yield

33%

Payout Ratio

Valuation

Is Havells India undervalued compared to its fair value and its price relative to the market?

75.8x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: HAVELLS (₹1471.9) is trading above our estimate of fair value (₹170.37)

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 (75.8x) compared to the Indian Electrical industry average (27.8x).

PE vs Market: HAVELLS is poor value based on its PE Ratio (75.8x) compared to the Indian market (20.4x).


Price to Earnings Growth Ratio

PEG Ratio: HAVELLS is poor value based on its PEG Ratio (4.9x)


Price to Book Ratio

PB vs Industry: HAVELLS is overvalued based on its PB Ratio (17.8x) compared to the IN Electrical industry average (1.5x).


Future Growth

How is Havells India forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

15.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HAVELLS's forecast earnings growth (15.5% per year) is above the savings rate (6.8%).

Earnings vs Market: HAVELLS's earnings (15.5% per year) are forecast to grow slower than the Indian market (18.4% per year).

High Growth Earnings: HAVELLS's earnings are forecast to grow, but not significantly.

Revenue vs Market: HAVELLS's revenue (12.6% per year) is forecast to grow faster than the Indian market (12.6% per year).

High Growth Revenue: HAVELLS's revenue (12.6% 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 (22.5%)


Past Performance

How has Havells India performed over the past 5 years?

15.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HAVELLS has high quality earnings.

Growing Profit Margin: HAVELLS's current net profit margins (10.5%) are higher than last year (7.6%).


Past Earnings Growth Analysis

Earnings Trend: HAVELLS's earnings have grown by 15.1% per year over the past 5 years.

Accelerating Growth: HAVELLS's earnings growth over the past year (95.4%) exceeds its 5-year average (15.1% per year).

Earnings vs Industry: HAVELLS earnings growth over the past year (95.4%) exceeded the Electrical industry 48.8%.


Return on Equity

High ROE: HAVELLS's Return on Equity (23.5%) 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 (12%) is considered satisfactory.

Reducing Debt: HAVELLS's debt to equity ratio has increased from 4% to 12% over the past 5 years.

Debt Coverage: HAVELLS's debt is well covered by operating cash flow (106%).

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?

0.47%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: HAVELLS's dividend (0.48%) is higher than the bottom 25% of dividend payers in the Indian market (0.34%).

High Dividend: HAVELLS's dividend (0.48%) is low compared to the top 25% of dividend payers in the Indian market (1.45%).


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 (33.4%), 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 (37.8% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.5yrs

Average management tenure


CEO

Anil Gupta (52 yo)

6.83yrs

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 ($USD3.33M) is above average for companies of similar size in the Indian market ($USD1.17M).

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 (6.5 years average tenure).


Board Members

Experienced Board: HAVELLS's board of directors are considered experienced (5.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: HAVELLS insiders have only sold shares 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 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: ₹921.855b
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/18 12:02
End of Day Share Price2021/09/17 00:00
Earnings2021/06/30
Annual Earnings2021/03/31


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.