Havells India Dividends and Buybacks
Dividend criteria checks 3/6
Havells India is a dividend paying company with a current yield of 0.83% that is well covered by earnings. Next payment date is on 19th July, 2026 with an ex-dividend date of 22nd May, 2026.
Key information
0.8%
Dividend yield
-0.05%
Buyback Yield
| Total Shareholder Yield | 0.8% |
| Future Dividend Yield | 1.2% |
| Dividend Growth | 11.9% |
| Next dividend pay date | 19 Jul 26 |
| Ex dividend date | 22 May 26 |
| Dividend per share | n/a |
| Payout ratio | 37% |
Recent dividend and buyback updates
Recent updates
Analysis Article • Apr 30
We Think That There Are Issues Underlying Havells India's (NSE:HAVELLS) Earnings
Last week's profit announcement from Havells India Limited ( NSE:HAVELLS ) was underwhelming for investors, despite...
Narrative Update • Apr 27
HAVELLS: Gupta Power Bid Will Support Future Upside Potential
Analysts have trimmed their price target on Havells India from ₹1,583 to ₹1,494, citing updated assumptions around the discount rate, revenue growth, profit margins, and future P/E expectations. What's in the News Board meeting scheduled for April 22, 2026 to review standalone and consolidated audited financial results for the quarter and year ended March 31, 2026, and to consider a final dividend for the year (company filing) Havells India is among 22 prospective bidders that have submitted expressions of interest to acquire Gupta Power Infrastructure, which is undergoing a corporate insolvency resolution process with admitted debtor claims of ₹42,400 million (ET report) Other bidders for Gupta Power Infrastructure include Jindal Power, Vedanta, UltraTech Cement, Waaree Energies, Torrent Electricals, Himadri Speciality Chemical, Orissa Metaliks, Abci Infrastructures, several engineering companies and a non banking finance company, indicating broad interest in the asset (ET report) The National Company Law Tribunal, Kolkata Bench, admitted the insolvency petition for Gupta Power Infrastructure on September 26, 2025 and appointed an interim resolution professional, which set the backdrop for the current bidding process (ET report) Valuation Changes Fair Value: Trimmed from ₹1,583.14 to ₹1,494.00, indicating a modestly lower central value estimate for the stock.Analysis Article • Apr 25
Results: Havells India Limited Beat Earnings Expectations And Analysts Now Have New Forecasts
Havells India Limited ( NSE:HAVELLS ) shareholders are probably feeling a little disappointed, since its shares fell...Narrative Update • Apr 12
HAVELLS: Upcoming Results And Gupta Power Bid Will Support Future Upside
Analysts have trimmed their price target for Havells India from about ₹1,635 to roughly ₹1,583. This reflects updated assumptions around discount rate, revenue growth, profit margin, and future P/E.Narrative Update • Mar 28
HAVELLS: Upcoming Results And Interim Dividend Will Support Future Brand Upside
Analysts have marginally trimmed their price target on Havells India to about ₹1,635 from roughly ₹1,643, reflecting slightly adjusted assumptions on the discount rate, revenue growth, profit margin and future P/E, while keeping the overall view broadly steady. What's in the News Havells India is among 22 prospective bidders that have submitted expressions of interest to acquire Gupta Power Infrastructure, which is undergoing a corporate insolvency resolution process with admitted debtor claims of INR 42,400 million, according to reports citing people aware of the matter (Key Developments).Narrative Update • Mar 11
HAVELLS: Upcoming Results And Interim Dividend Will Support Future Brand Upside
Analysts have trimmed their fair value estimate for Havells India slightly to ₹1,643 from ₹1,646, reflecting modest tweaks to the discount rate and long term P/E assumptions, while keeping revenue growth and profit margin expectations broadly unchanged. What's in the News Havells India is among 22 prospective bidders that have submitted expressions of interest to acquire Gupta Power Infrastructure, which is undergoing a corporate insolvency resolution process with admitted debtor claims of ₹42,400m, alongside bidders such as Jindal Power and Vedanta (ET report mentioned in event details).Narrative Update • Feb 23
HAVELLS: Upcoming Results And Interim Dividend Will Support Future Brand Upside
Analysts have kept their fair value estimate for Havells India broadly unchanged at about ₹1,646 per share, with only marginal tweaks to inputs like discount rate, revenue growth, profit margin and future P/E assumptions. This signals a steady view on the stock rather than a material shift in conviction.Narrative Update • Feb 09
HAVELLS: Upcoming Results And Interim Dividend Will Support Future Brand Upside
Analysts have slightly trimmed their fair value estimate for Havells India to ₹1,645.92 from ₹1,647, citing updated assumptions on discount rate, revenue growth, profit margin and future P/E that together point to a marginally more conservative valuation framework. What's in the News A board meeting is scheduled for January 19, 2026, at 14:00 Indian Standard Time to review standalone and consolidated unaudited financial results for the third quarter and nine months ended December 31, 2025 (Key Developments).Analysis Article • Feb 06
If EPS Growth Is Important To You, Havells India (NSE:HAVELLS) Presents An Opportunity
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...Narrative Update • Jan 25
HAVELLS: Trademark Settlement Will Support Future Brand Upside Potential
Analysts have trimmed their price target for Havells India from ₹1,659.53 to ₹1,647.00, reflecting updated assumptions around the discount rate, revenue growth, profit margin, and future P/E expectations. What's in the News Board meeting scheduled for January 19, 2026, at 14:00 IST to consider and approve standalone and consolidated unaudited financial results for the third quarter and nine months ended December 31, 2025 (company filing).Analysis Article • Jan 22
Havells India (NSE:HAVELLS) Is Paying Out A Dividend Of ₹4.00
Havells India Limited ( NSE:HAVELLS ) has announced that it will pay a dividend of ₹4.00 per share on the 17th of...Narrative Update • Jan 10
HAVELLS: Trademark Settlement Will Support Future Brand Upside Potential
Narrative Update Analysts have trimmed their fair value estimate for Havells India slightly to ₹1,659.53 from ₹1,666.94, reflecting updated assumptions around the discount rate, revenue growth, profit margin and future P/E expectations. What's in the News Board meeting scheduled on January 19, 2026 to consider and approve standalone and consolidated unaudited financial results for the third quarter and nine months ended December 31, 2025, and to consider payment of an interim dividend to shareholders (company filing).Narrative Update • Dec 19
HAVELLS: Digital Expansion Will Drive Brand Upside Following Trademark Resolution
Analysts have nudged their price target for Havells India slightly lower to ₹1,666.94 from ₹1,668.33, as modestly reduced discount rate and valuation multiple assumptions more than offset essentially unchanged growth and margin outlooks. What's in the News Havells India and the HPL Group have signed a comprehensive Settlement Agreement resolving all long standing trademark disputes and litigations over the use of the HAVELLS brand name, including matters before the Delhi High Court and the Supreme Court of India (Key Developments) The Delhi High Court had earlier referred the HAVELLS trademark disputes between Havells India and the HPL Group to mediation, culminating in a final settlement executed on 08 November 2025 (Key Developments) Havells India has scheduled a board meeting on 17 October 2025 to consider and approve its standalone and consolidated unaudited financial results for the second quarter and half year ended 30 September 2025 (Key Developments) Lloyd, a brand of Havells India, has launched its Kolors refrigerator on Flipkart and other distribution channels, extending its digital reach with pricing starting at INR 18,990 (Key Developments) Valuation Changes The consensus analyst price target, or fair value estimate, has edged down slightly to ₹1,666.94 from ₹1,668.33.Narrative Update • Dec 05
HAVELLS: Digital Expansion Will Support Premium Multiples And Future Upside
Analysts have marginally lowered their price target on Havells India to ₹1,668 from ₹1,670, reflecting slightly higher discount rate assumptions and a modest trimming of long term growth and margin expectations, while maintaining an overall constructive view on the company’s premium valuations. What's in the News Havells India and the HPL Group have signed a comprehensive Settlement Agreement resolving all long standing disputes and litigations over the use of the HAVELLS trademark, including matters before the Delhi High Court and the Supreme Court of India (company announcement).Narrative Update • Nov 21
HAVELLS: Digital Expansion And Resolved Trademark Disputes Will Support Future Upside
Analysts have slightly lowered their price target for Havells India, revising it from ₹1,673.59 to ₹1,670.14. They cite marginal adjustments in growth and profitability expectations as the reason for this revision.Analysis Article • Nov 18
We Like These Underlying Return On Capital Trends At Havells India (NSE:HAVELLS)
What trends should we look for it we want to identify stocks that can multiply in value over the long term? Typically...Narrative Update • Nov 06
HAVELLS: Digital Expansion Will Drive Wider Market Reach And Customer Accessibility
Analysts have adjusted their fair value estimate for Havells India slightly downward from ₹1,690.27 to ₹1,673.59. This adjustment is attributed to recent shifts in profit margins and projected earnings multiples.Analysis Article • Oct 28
Havells India Limited (NSE:HAVELLS) Investors Are Less Pessimistic Than Expected
Havells India Limited's ( NSE:HAVELLS ) price-to-earnings (or "P/E") ratio of 64x might make it look like a strong sell...Analysis Article • Oct 28
Concerns Surrounding Havells India's (NSE:HAVELLS) Performance
Havells India Limited's ( NSE:HAVELLS ) healthy profit numbers didn't contain any surprises for investors. We believe...Narrative Update • Oct 23
Analysts Lower Havells India Price Target as Revenue Growth Slows and Margins Improve
Analysts have revised their price target for Havells India slightly downward from ₹1,708 to ₹1,690. This reflects updated assumptions around discount rates, anticipated revenue growth, and margins.Narrative Update • Sep 05
Expanding Cable Capacity And Goldi Solar Partnership Will Unlock Potential
With negligible changes in both the Future P/E ratio (68.94x to 68.86x) and the Discount Rate (15.65% to 15.67%), the consensus analyst price target for Havells India has effectively remained unchanged at ₹1708. What's in the News Havells India is actively seeking acquisition opportunities to supplement its organic growth.Analysis Article • Aug 28
Havells India (NSE:HAVELLS) Seems To Use Debt Quite Sensibly
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Analysis Article • Jul 19
Havells India Limited's (NSE:HAVELLS) Business Is Yet to Catch Up With Its Share Price
With a price-to-earnings (or "P/E") ratio of 64.7x Havells India Limited ( NSE:HAVELLS ) may be sending very bearish...Analysis Article • Jun 10
Here's Why Havells India (NSE:HAVELLS) Has Caught The Eye Of Investors
Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
New Narrative • Nov 13
Cables Expansion And Product Diversification To Drive Growth Amid Market Challenges
Infrastructure investments in new cable plant expansion could boost revenue and margins through increased capacity and efficiencies.Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
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.
Dividend Yield vs Market
| Havells India Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (HAVELLS) | 0.8% |
| Market Bottom 25% (IN) | 0.3% |
| Market Top 25% (IN) | 1.5% |
| Industry Average (Electrical) | 0.4% |
| Analyst forecast (HAVELLS) (up to 3 years) | 1.2% |
Notable Dividend: HAVELLS's dividend (0.83%) is higher than the bottom 25% of dividend payers in the Indian market (0.31%).
High Dividend: HAVELLS's dividend (0.83%) is low compared to the top 25% of dividend payers in the Indian market (1.51%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (37.1%), HAVELLS's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (716.5%), HAVELLS's dividend payments are not well covered by cash flows.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/19 00:26 |
| End of Day Share Price | 2026/05/19 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2026/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
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.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Havells India Limited is covered by 57 analysts. 24 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Kunal Sheth | 360 ONE Capital Market Private Limited |
| Dhruv Jain | Ambit Capital |
| Ashwin Mehta | Ambit Capital |