Havells India's stock gained 3.19% on Monday to end at Rs 1,574.20. The stock was identified as one of the top gainers on the Nifty Next 50 index in yesterday's trading.
Here's a detailed look at Havells India's financial performance:
Havells India Consolidated Financials
Income Statement - Quarterly (Consolidated)| Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | |
|---|---|---|---|---|---|
| Sales | Rs 5,455 Crore | Rs 6,543 Crore | Rs 4,888 Crore | Rs 4,539 Crore | Rs 5,806 Crore |
| Other Income | Rs 69 Crore | Rs 68 Crore | Rs 64 Crore | Rs 92 Crore | Rs 77 Crore |
| Total Income | Rs 5,524 Crore | Rs 6,612 Crore | Rs 4,953 Crore | Rs 4,632 Crore | Rs 5,883 Crore |
| Total Expenditure | Rs 5,045 Crore | Rs 5,896 Crore | Rs 4,566 Crore | Rs 4,258 Crore | Rs 5,325 Crore |
| EBIT | Rs 479 Crore | Rs 716 Crore | Rs 386 Crore | Rs 373 Crore | Rs 557 Crore |
| Interest | Rs 9 Crore | Rs 15 Crore | Rs 9 Crore | Rs 10 Crore | Rs 8 Crore |
| Tax | Rs 122 Crore | Rs 183 Crore | Rs 99 Crore | Rs 95 Crore | Rs 141 Crore |
| Net Profit | Rs 347 Crore | Rs 517 Crore | Rs 277 Crore | Rs 267 Crore | Rs 407 Crore |
The quarterly revenue for June 2025 was Rs 5,455 Crore, compared to Rs 5,806 Crore in June 2024, marking a decrease. The net profit for the same period stood at Rs 347 Crore, down from Rs 407 Crore in the previous year.
Income Statement - Yearly (Consolidated)
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Sales | Rs 21,778 Crore | Rs 18,590 Crore | Rs 16,910 Crore | Rs 13,938 Crore | Rs 10,457 Crore |
| Other Income | Rs 303 Crore | Rs 248 Crore | Rs 177 Crore | Rs 160 Crore | Rs 187 Crore |
| Total Income | Rs 22,081 Crore | Rs 18,838 Crore | Rs 17,088 Crore | Rs 14,098 Crore | Rs 10,644 Crore |
| Total Expenditure | Rs 20,047 Crore | Rs 17,085 Crore | Rs 15,607 Crore | Rs 12,438 Crore | Rs 9,134 Crore |
| EBIT | Rs 2,033 Crore | Rs 1,753 Crore | Rs 1,480 Crore | Rs 1,659 Crore | Rs 1,510 Crore |
| Interest | Rs 43 Crore | Rs 45 Crore | Rs 33 Crore | Rs 53 Crore | Rs 72 Crore |
| Tax | Rs 520 Crore | Rs 436 Crore | Rs 375 Crore | Rs 410 Crore | Rs 393 Crore |
| Net Profit | Rs 1,470 Crore | Rs 1,270 Crore | Rs 1,071 Crore | Rs 1,196 Crore | Rs 1,044 Crore |
The annual sales for March 2025 reached Rs 21,778 Crore, a notable increase from Rs 18,590 Crore in the previous year. Similarly, the net profit rose to Rs 1,470 Crore, up from Rs 1,270 Crore in March 2024.
Cash Flow (Consolidated)
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Operating Activities | Rs 1,515 Crore | Rs 1,952 Crore | Rs 564 Crore | Rs 1,727 Crore | Rs 660 Crore |
| Investing Activities | Rs -301 Crore | Rs -1,613 Crore | Rs 35 Crore | Rs -758 Crore | Rs -762 Crore |
| Financing Activities | Rs -668 Crore | Rs -533 Crore | Rs -906 Crore | Rs -547 Crore | Rs 189 Crore |
| Others | Rs -3 Crore | Rs -4 Crore | Rs -3 Crore | Rs 0 Crore | Rs 0 Crore |
| Net Cash Flow | Rs 541 Crore | Rs -199 Crore | Rs -310 Crore | Rs 421 Crore | Rs 86 Crore |
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Share Capital | Rs 62 Crore | Rs 62 Crore | Rs 62 Crore | Rs 62 Crore | Rs 62 Crore |
| Reserves & Surplus | Rs 8,261 Crore | Rs 7,377 Crore | Rs 6,560 Crore | Rs 5,939 Crore | Rs 5,113 Crore |
| Current Liabilities | Rs 4,774 Crore | Rs 4,283 Crore | Rs 3,835 Crore | Rs 3,633 Crore | Rs 2,777 Crore |
| Other Liabilities | Rs 710 Crore | Rs 709 Crore | Rs 698 Crore | Rs 887 Crore | Rs 899 Crore |
| Total Liabilities | Rs 13,809 Crore | Rs 12,432 Crore | Rs 11,157 Crore | Rs 10,523 Crore | Rs 8,852 Crore |
| Fixed Assets | Rs 4,459 Crore | Rs 3,976 Crore | Rs 3,476 Crore | Rs 3,180 Crore | Rs 3,069 Crore |
| Current Assets | Rs 8,870 Crore | Rs 7,899 Crore | Rs 7,066 Crore | Rs 6,606 Crore | Rs 5,320 Crore |
| Other Assets | Rs 479 Crore | Rs 556 Crore | Rs 614 Crore | Rs 736 Crore | Rs 461 Crore |
| Total Assets | Rs 13,809 Crore | Rs 12,432 Crore | Rs 11,157 Crore | Rs 10,523 Crore | Rs 8,852 Crore |
| Contingent Liabilities | Rs 933 Crore | Rs 385 Crore | Rs 538 Crore | Rs 141 Crore | Rs 183 Crore |
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Basic EPS (Rs.) | 23.49 | 20.28 | 17.11 | 19.11 | 16.68 |
| Diluted Eps (Rs.) | 23.48 | 20.28 | 17.11 | 19.10 | 16.68 |
| Book Value /Share (Rs.) | 132.78 | 118.82 | 105.75 | 95.85 | 82.69 |
| Dividend/Share (Rs.) | 10.00 | 9.00 | 7.50 | 7.50 | 6.50 |
| Face Value | 1 | 1 | 1 | 1 | 1 |
| Gross Profit Margin (%) | 11.17 | 11.25 | 10.50 | 13.78 | 16.82 |
| Operating Margin (%) | 9.33 | 9.43 | 8.75 | 11.90 | 14.44 |
| Net Profit Margin (%) | 6.75 | 6.83 | 6.33 | 8.58 | 9.98 |
| Return on Networth / Equity (%) | 17.68 | 17.06 | 16.17 | 19.93 | 20.17 |
| ROCE (%) | 22.51 | 21.51 | 20.22 | 24.09 | 24.86 |
| Return On Assets (%) | 10.66 | 10.22 | 9.60 | 11.36 | 11.79 |
| Current Ratio (X) | 1.86 | 1.84 | 1.84 | 1.82 | 1.92 |
| Quick Ratio (X) | 1.01 | 1.05 | 0.88 | 1.00 | 0.97 |
| Debt to Equity (x) | 0.00 | 0.00 | 0.00 | 0.07 | 0.10 |
| Interest Coverage Ratios (X) | 56.29 | 45.76 | 52.85 | 35.96 | 24.20 |
| Asset Turnover Ratio (%) | 1.66 | 1.58 | 1.56 | 1.43 | 1.31 |
| Inventory Turnover Ratio (X) | 3.22 | 2.77 | 2.79 | 2.78 | 2.40 |
| 3 Yr CAGR Sales (%) | 25.00 | 33.33 | 33.84 | 17.63 | 13.30 |
| 3 Yr CAGR Net Profit (%) | 10.85 | 10.31 | 20.70 | 23.39 | 24.52 |
| P/E (x) | 65.09 | 74.70 | 69.46 | 60.31 | 62.97 |
| P/B (x) | 11.51 | 12.75 | 11.24 | 12.04 | 12.70 |
| EV/EBITDA (x) | 37.96 | 43.94 | 40.85 | 36.50 | 36.70 |
| P/S (x) | 4.40 | 5.11 | 4.40 | 5.19 | 6.28 |
- CARE Analytics and Advisors Private Limited has assigned a Corporate Governance Rating of CG 2+ to Havells India's overall corporate governance performance, as announced on August 29, 2025.
- Havells India Limited will participate in several investor conferences, including the Nirmal Bang Institutional Equities Virtual Investor Conference 2025 on August 12, 2025; the Nuvama Home Improvement Conference on August 25, 2025; the Motilal Oswal 21st Annual Global Investor Conference 2025 on September 3, 2025; and the J.P. Morgan 10th Annual India Conference on September 23, 2025.
- Newspaper publications regarding the special window for re-lodgement of transfer requests for physical shares and a special drive for KYC and other updates to prevent the transfer of unpaid/unclaimed dividends to IEPF were announced on July 31, 2025.
- On April 22, 2025, a final dividend of Rs 6.00 per share (600%) was announced, effective May 23, 2025.
- An interim dividend of Rs 4.00 per share (400%) was announced on January 10, 2025, effective January 22, 2025.
- A bonus issue with a ratio of 1:1 was announced on August 27, 2010, with a record date of October 11, 2010, and an ex-bonus date of October 8, 2010.
- Further bonus issues of 1:1 were announced on May 18, 2006, and May 12, 2005.
- On June 30, 2014, the company announced a stock split, changing the face value from Rs 5 to Rs 1, with an ex-split date of August 26, 2014, and a record date of August 27, 2014.
- Another stock split was announced on October 22, 2003, changing the face value from Rs 10 to Rs 5.
Moneycontrol analysis, as of August 26, 2025, suggests a neutral sentiment on the stock.
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