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Havells India Limited HAVELLS.NS
Havells India Limited statistics & valuation
Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (₹302.21); a green figure means the price is below it.
Profitability & efficiency
Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).
P / E vs its own history
Havells India Limited trades at about 48.2× earnings — below its 10-year norm (10-year range 46.1×–82.1×, median 71.9×).
Shaded band = 10-year range (46.1×–82.1×); dot = today's 48.2×.
Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.
Key ratios (by fiscal year)
| Ratio | FY2026 | FY2025 | FY2024 | FY2023 |
|---|---|---|---|---|
| Gross margin | 29.8% | 29.9% | 29.6% | 28.0% |
| Operating margin | 8.4% | 8.4% | 8.5% | 8.0% |
| Net margin | 7.6% | 6.8% | 6.9% | 6.4% |
| FCF margin | 0.4% | 3.5% | 6.3% | -0.1% |
| Return on assets | 11.5% | 10.7% | 10.2% | 9.6% |
| Return on equity | 17.9% | 17.7% | 17.1% | 16.2% |
| Debt / equity | — | — | — | 0.00× |
| Current ratio | 1.71 | 1.86 | 1.84 | 1.84 |
Computed from company filings · IN · as of 2026-03-31. Figures in INR. Facts plus Stocktoria's own computed scores — not investment advice.