Havells India Key Ratios
NSE: HAVELLS | BSE: 517354
₹1,132.40
As on 18-Sep-2026IST
Market cap
₹68,781 Cr
Revenue (TTM)
₹23,591 Cr
P/E Ratio
42.1
P/B Ratio
7.1
Div. Yield
0.9 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | -2.79 | 19.48 | 10.10 | 10.47 | 15.29 |
| EBIT | -44.05 | -15.70 | 2.60 | 8.35 | 1.97 |
| Net Profit | -59.84 | -16.49 | 18.08 | 14.33 | 6.52 |
| EPS | -59.86 | -16.54 | 15.59 | 13.50 | 6.03 |
| Book Value | -- | -- | 13.47 | 12.46 | 12.71 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Mar-26 | Mar-25 |
| EBIT-Margin
| 8.15 | 8.58 | 7.22 | 7.86 | 8.08 |
| Net Margin
| 6.98 | 7.10 | 6.65 | 7.33 | 6.66 |
| Return on equity
| 18.75 | 18.84 | 18.40 | 19.05 | 18.67 |
| Return on Capital
| 25.93 | 25.64 | -- | 25.74 | 26.16 |
| Return on Assets
| 11.05 | 10.87 | 11.22 | 11.47 | 10.87 |
| Debt to Equity (x)
| -- | -- | 0.00 | 0.00 | 0.00 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Havells India
|
--
|
25.74
|
26.16
|
25.46
|
23.07
|
|
Peer Median
|
--
|
7.50
|
15.09
|
--
|
--
|
ROE
18.40
Higher than Peers by 9.38
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Havells India
|
18.40
|
19.05
|
18.67
|
18.07
|
16.98
|
|
Peer Median
|
9.02
|
5.28
|
12.12
|
--
|
--
|
ROA
11.22
Higher than Peers by 6.39
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Havells India
|
11.22
|
11.47
|
10.87
|
10.47
|
9.59
|
|
Peer Median
|
4.82
|
2.26
|
3.61
|
--
|
--
|
EBIT Margin
7.22
Higher than Peers by 1.91
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Havells India
|
7.22
|
7.86
|
8.08
|
8.30
|
7.83
|
|
Peer Median
|
5.31
|
6.14
|
4.92
|
--
|
--
|
Net Margin
6.65
Higher than Peers by 2.63
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Havells India
|
6.65
|
7.33
|
6.66
|
6.75
|
6.27
|
|
Peer Median
|
4.02
|
2.58
|
3.04
|
--
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Havells India
|
--
|
9.37
|
8.54
|
8.61
|
8.04
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
10.10
Higher than Peers by 1.40
Year on year growth in net sales
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Havells India
|
10.10
|
3.44
|
17.15
|
9.93
|
21.32
|
|
Peer Median
|
8.70
|
6.95
|
23.72
|
--
|
--
|
EBIT Growth
2.60
Lower than Peers by 11.08
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Havells India
|
2.60
|
0.64
|
14.04
|
16.48
|
-12.47
|
|
Peer Median
|
13.69
|
-8.52
|
41.98
|
--
|
--
|
Net Profit Growth
18.08
Higher than Peers by 4.62
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Havells India
|
18.08
|
14.90
|
15.70
|
18.57
|
-10.43
|
|
Peer Median
|
13.46
|
-32.30
|
43.82
|
--
|
--
|
EPS Growth
15.59
Higher than Peers by 2.56
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Havells India
|
15.59
|
14.75
|
15.82
|
18.53
|
-10.45
|
|
Peer Median
|
13.03
|
-16.55
|
35.91
|
--
|
--
|
Book Value Growth
--
--
Year on year growth in book value per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Havells India
|
--
|
13.54
|
11.65
|
12.34
|
10.34
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
--
--
Total debt / Net worth
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Havells India
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
0.14
|
--
|
--
|
Short term debt to equity ratio
--
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Havells India
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
1.71
Higher than Peers by 0.47
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Havells India
|
1.71
|
1.64
|
1.78
|
1.78
|
1.77
|
|
Peer Median
|
1.23
|
1.28
|
1.26
|
--
|
--
|
Quick Ratio
0.74
Lower than Peers by 0.09
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Havells India
|
0.74
|
0.76
|
1.01
|
1.04
|
0.88
|
|
Peer Median
|
0.83
|
0.80
|
0.87
|
--
|
--
|
Interest Coverage
60.39
Higher than Peers by 49.24
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Havells India
|
60.39
|
28.98
|
28.64
|
21.28
|
27.28
|
|
Peer Median
|
11.15
|
5.95
|
7.67
|
--
|
--
|
Operating Efficiency
Debtors to sales
3.35
Lower than Peers by 7.50
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Havells India
|
3.35
|
3.51
|
5.78
|
6.27
|
5.76
|
|
Peer Median
|
10.85
|
12.84
|
11.39
|
--
|
--
|
Asset Turnover
1.65
Higher than Peers by 0.43
Sales / Average Total Assets
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Havells India
|
1.65
|
1.54
|
1.62
|
1.54
|
1.52
|
|
Peer Median
|
1.22
|
1.16
|
1.47
|
--
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Havells India
|
--
|
16.51
|
20.20
|
20.88
|
18.66
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Havells India
|
--
|
68.43
|
62.15
|
69.47
|
71.59
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Havells India
|
--
|
74.09
|
73.91
|
79.95
|
80.90
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Havells India
|
--
|
10.86
|
8.45
|
10.39
|
9.35
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
42.11
Lower than Peers by 219.65
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Havells India
|
42.11
|
44.19
|
65.05
|
74.71
|
69.47
|
|
Peer Median
|
261.77
|
162.43
|
72.30
|
--
|
--
|
Price / Book Value
7.08
Higher than Peers by 2.28
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Havells India
|
7.08
|
7.92
|
11.53
|
12.76
|
11.24
|
|
Peer Median
|
4.80
|
5.30
|
8.25
|
--
|
--
|
Dividend Yield
0.91
Higher than Peers by 0.22
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Havells India
|
0.91
|
0.84
|
0.65
|
0.59
|
0.63
|
|
Peer Median
|
0.70
|
0.39
|
0.26
|
--
|
--
|
EV/EBITDA
25.26
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Havells India
|
25.26
|
26.44
|
37.51
|
43.14
|
40.36
|
|
Peer Median
|
--
|
39.49
|
67.12
|
--
|
--
|
Market Cap
68,781
Higher than Peers by 59,654
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Havells India
|
68,781
|
74,704
|
95,769
|
94,935
|
74,456
|
|
Peer Median
|
9,127
|
11,840
|
13,268
|
--
|
--
|