Stocktoria
Havells India Limited HAVELLS.NS
IN · National Stock Exchange of India · XNSE · stock · Industrials · website
Havells India Limited statistics & valuation
Market cap₹745.7B
P / E44.1×
P / S3.3×
P / B7.9×
P / FCF851.8×
Dividend yield0.84%
Net margin7.6%
Return on equity17.9%
FCF margin0.4%
Multiples are price-derived and refreshed daily; everything else is from filings.
P / E vs its own history
Havells India Limited trades at about 43× earnings — below its 10-year norm (10-year range 46.1×–82.1×, median 71.9×).
43×
82.1×
Shaded band = 10-year range (46.1×–82.1×); dot = today's 43×.
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 |
Source: company filings via Yahoo Finance · IN · as of 2026-03-31. Figures in INR; non-US fundamentals are aggregated by Yahoo (shorter history); facts plus Stocktoria's own computed scores — not investment advice.