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INDICATIVE · SAMPLE DATA
HVEL57

Havells India Ltd

Electrical Components & EquipmentVerified

Havells India Ltd operates with a capital structure that includes a basic and diluted share count of 627.26 million shares, with no dilution risk currently identified. However, liquidity risk could not be assessed due to the absence of balance-sheet inputs and no going-concern language in source documents. The company's profitability is reflected in a gross profit of INR 18.50 billion and an operating income of INR 4.80 billion, translating to a gross margin of 31.9% and an operating margin of 8.3%. These metrics are in line with the industry's preferred focus on gross and operating margins as key indicators of efficiency and profitability. Geographically, Havells India Ltd is primarily concentrated in India, with no disclosed international revenue segments. The company's revenue is derived from a mix of electrical wiring products, lighting solutions, and home appliances, with no specific segment breakdown provided in the latest financial data. Looking ahead, the company is expected to maintain a stable revenue trajectory, supported by a mean price target of INR 1,518.52 and a median price target of INR 1,556.00. Analysts have issued 10 strong-buy, 17 buy, and 9 hold recommendations, indicating a generally positive outlook. The company's risk profile is characterized by low dilution risk and an inability to assess liquidity risk due to missing balance-sheet data. No recent filings or transcripts have been identified that would suggest material changes in the company's risk exposure.

30-day price · HVEL-74.20 (-5.8%)
Low$1176.30High$1410.70Close$1211.00As of27 May, 00:00 UTC
Profile
CompanyHavells India Ltd
TickerHVEL.NS
SectorIndustrials
BusinessIndustrial Goods
Industry groupIndustrial Goods
IndustryElectrical Components & Equipment
AI analysis

Business. Havells India Ltd is an electrical components and equipment manufacturer that generates revenue through the production and sale of electrical wiring products, lighting solutions, and home appliances.

Classification. Havells India Ltd is classified under the industry "Electrical Components & Equipment" within the "Industrial Goods" business sector, with a confidence level of 0.92.

Havells India Ltd operates with a capital structure that includes a basic and diluted share count of 627.26 million shares, with no dilution risk currently identified. However, liquidity risk could not be assessed due to the absence of balance-sheet inputs and no going-concern language in source documents. The company's profitability is reflected in a gross profit of INR 18.50 billion and an operating income of INR 4.80 billion, translating to a gross margin of 31.9% and an operating margin of 8.3%. These metrics are in line with the industry's preferred focus on gross and operating margins as key indicators of efficiency and profitability. Geographically, Havells India Ltd is primarily concentrated in India, with no disclosed international revenue segments. The company's revenue is derived from a mix of electrical wiring products, lighting solutions, and home appliances, with no specific segment breakdown provided in the latest financial data. Looking ahead, the company is expected to maintain a stable revenue trajectory, supported by a mean price target of INR 1,518.52 and a median price target of INR 1,556.00. Analysts have issued 10 strong-buy, 17 buy, and 9 hold recommendations, indicating a generally positive outlook. The company's risk profile is characterized by low dilution risk and an inability to assess liquidity risk due to missing balance-sheet data. No recent filings or transcripts have been identified that would suggest material changes in the company's risk exposure.
Key takeaways
  • Havells India Ltd maintains a stable capital structure with no dilution risk currently identified.
  • The company's gross and operating margins are in line with industry norms, indicating efficient operations.
  • Analysts have a generally positive outlook, with a mean price target of INR 1,518.52 and a median price target of INR 1,556.00.
  • The company's geographic and product concentration in India may limit diversification benefits.
  • Liquidity risk could not be assessed due to missing balance-sheet data.
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  • ## RATIONALES
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Financial snapshot
PeriodHA-latest
CurrencyINR
Revenue$58.06B
Gross profit$18.50B
Operating income$4.80B
Net income$4.08B
R&D
SG&A
D&A
SBC
Operating cash flow
CapEx
Free cash flow
Total assets
Total liabilities
Total equity
Cash & equivalents
Long-term debt
Annual history (last 5)
PeriodRevenueOp IncomeNet IncomeFCF
FY-4$139.38B$15.00B$11.96B$7.92B
FY-3$168.16B$12.08B$10.72B$3.10B
FY-2$185.90B$15.04B$12.71B$3.53B
FY-1$217.78B$17.72B$14.72B$4.78B
FY0$225.28B$17.23B$16.91B$96.2M
PeriodGross %Op %Net %FCF %
FY-4
FY-3
FY-2
FY-1
FY0
PeriodAssetsEquityCashDebt
FY-4$105.23B$60.03B$7.39B
FY-3$111.57B$66.25B$3.93B
FY-2$124.33B$74.47B$2.09B
FY-1$138.09B$83.24B$7.47B
FY0$147.46B$94.55B$23.64B
PeriodOCFCapExFCFSBC
FY-4$17.28B-$2.58B$7.92B
FY-3$5.65B-$5.88B$3.10B
FY-2$19.53B-$7.86B$3.53B
FY-1$15.15B-$7.66B$4.78B
FY0$15.72B-$14.84B$96.2M
Quarterly history (last 4)
PeriodRevenueOp IncomeNet IncomeFCF
FQ-7$58.06B$4.80B$4.08B
FQ-6$45.39B$2.80B$2.68B
FQ-5$48.89B$3.22B$2.78B
FQ-4$65.44B$6.47B$5.18B
FQ-3$54.55B$4.10B$3.48B
FQ-2$47.79B$3.33B$3.19B
FQ-1$55.88B$3.62B$3.01B
FQ0$67.05B$6.18B$7.23B
PeriodGross %Op %Net %FCF %
FQ-7
FQ-6
FQ-5
FQ-4
FQ-3
FQ-2
FQ-1
FQ0
PeriodAssetsEquityCashDebt
FQ-7
FQ-6$128.43B$77.94B$31.88B
FQ-5
FQ-4$138.09B$83.24B$33.78B
FQ-3
FQ-2$136.47B$86.71B$14.62B
FQ-1
FQ0$147.46B$94.55B$23.64B
PeriodOCFCapExFCFSBC
FQ-7
FQ-6$7.56B-$3.54B
FQ-5
FQ-4$15.15B-$7.66B
FQ-3
FQ-2-$3.79B-$6.97B
FQ-1
FQ0$15.72B-$14.84B
Valuation
Market price
Market cap
Enterprise value
P/E
Reported non-GAAP P/E
EV/Revenue
EV/Op income
EV/OCF
P/B
P/Tangible book
Tangible book
Net cash
Current ratio
Debt/Equity
ROA
ROE
Cash conversion
CapEx/Revenue
SBC/Revenue
Asset intensity
Dilution ratio0.0%
Risk assessment
Dilution riskLow
Liquidity riskUnknown
  • Liquidity risk could not be assessed (no balance-sheet inputs and no going-concern language in source documents).
Industry benchmarks
Activity: Industrial Goods · cohort 2404 companies
MetricHVELActivity
Op margin8.3%6.1% medp25 1.1% · p75 11.6%above median
Net margin7.0%4.9% medp25 0.8% · p75 9.7%above median
Gross margin31.9%24.1% medp25 16.2% · p75 33.5%above median
R&D / revenue2.0% medp25 1.6% · p75 3.0%
CapEx / revenue-3.9% medp25 -8.6% · p75 -1.8%
Debt / equity24.0% medp25 5.4% · p75 59.8%
Observations
IR observations
Mean price target1,518.52 INR
Median price target1,556.00 INR
High price target1,765.00 INR
Low price target1,171.00 INR
Mean recommendation2.13 (1=strong buy, 5=strong sell)
Strong-buy count10.00
Buy count17.00
Hold count9.00
Sell count3.00
Strong-sell count0.00
Mean EPS estimate29.28 INR
Last actual EPS27.66 INR
Source data
Underlying data the analysis-pipeline pulls and audits. Fetch timestamps + content hashes show when each source was last refreshed.
Company fundamentalsperiod FQ-7 · history via verified-market-data
no public URL
2026-05-06 08:49 UTC#4b13a09b
Source: analysis-pipeline (hybrid)Generated: 2026-05-28 04:04 UTCJob: a14854ef