Havells share price today

Havells India Ltd's share price was ₹1,070.00 at the close on 4 November 2026. It has been falling for 95 weeks. That is 12.9% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹1,014 and ₹1,469, and at that close it sat 12% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Havells India Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 10 weeks running.

Over the last 11 years the share price moved +268% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 28 August 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: foreign funds (FIIs) cut their stake for 9 quarters in a row, indian funds and insurers (DIIs) raised their stake for 9 quarters in a row and revenue up on a year earlier for 5 quarters in a row.

1. Foreign funds (FIIs) cut their stake for 9 quarters in a row

   From 25.3% to 14.5% of the company by the September 2026 quarter.

2. Indian funds and insurers (DIIs) raised their stake for 9 quarters in a row

   From 9.4% to 19.9% of the company by the September 2026 quarter.

3. Revenue up on a year earlier for 5 quarters in a row

   In the September 2026 quarter revenue was ₹6,432 crore, +34.6% on a year earlier.

   Why: Revenue rose because cables and wires sold more, with underground cables leading on new capacity.

   Next results: check whether festive demand keeps sales rising and margins hold.

   From the earnings call on 22 Oct 2026.

For July to September 2026 (the quarter ended 30 September 2026), Havells reported revenue of ₹6,432 crore, up 34.6% from ₹4,779 crore a year earlier, and a profit of ₹349 crore, up 9.7% from ₹318 crore.

Havells results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Havells' management discussed these results on a call held on 22 October 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

Havells closed at ₹1,070.00 on 4 November 2026, down 26.1% from ₹1,448.50 a year earlier (7 November 2025) and down 17.3% over five years. Its highest weekly close since March 2016 was ₹2,048.10 on 20 September 2024.

Havells share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

563 weekly closes from 11 March 2016 to 4 November 2026.

4 Nov 2026: Havells closed at ₹1,070.00, up 5.5% on the week and up 2.9% on the month. 22 Oct 2026: Havells held its results call for July to September 2026. Management guided: Festive season demand and margins seen positive despite macro and commodity uncertainty.

Earlier

• Results for July to September 2026: Revenue up 34.6% and profit up 9.7% on a year earlier.
• 22 May 2026: ex-date for a dividend of ₹6 a share, record date 24 May 2026.
• 23 Jan 2026: ex-date for an interim dividend of ₹4 a share.

Havells paid ₹10 a share in regular dividends in the 12 months to 5 November 2026 (2 payments), a yield of 0.93% at the ₹1,070.00 close on 4 November 2026. The last was a dividend of ₹6 a share, ex-date 22 May 2026.

Havells dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. Havells India Ltd paid out 37% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years.

From the NSE corporate-actions record, read 5 November 2026.

On the call for July to September 2026, held on 22 October 2026, Havells' management guided: Festive season demand and margins seen positive despite macro and commodity uncertainty.

“We do not believe that growth and margins are mutually exclusive, or that one has to come at the expense of the other.”Rajesh Kumar Gupta, on the call for July to September 2026

What management guided

• Q3 product-wise price increases of 5-7% to cover Q2 cost surge.
• Lloyd deferred cost pass-through to move in Q3 and continue into Q4 as season gathers momentum.
• MV and EHV underground cable expansion fully operational within 18 months.
• Lloyd RAC share down to 60% from about 75% over time via non-RAC growth.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for July to September 2026, 22 October 2026.

When Havells reports October to December 2026, these are the 3 checks that show whether the story is still on course. First: Festive Q3 volume and margin delivery after flagged price actions and seasonal Lloyd recovery - check Q3 print versus positive outlook.

Havells is on 2 of our India lists: 52 week high & low and Small & mid cap stocks.

Havells India Ltd earned ₹349 Cr of net profit in the Sep 2026 quarter, +9.7% on the same quarter a year earlier. Full-year FY26 profit was ₹1,689 Cr. Over 10 years profit has grown 2.7% a year on average. That is 5.4% of the quarter's revenue. The same quarter a year earlier earned ₹318 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹1,689 Cr (+14.9% on the year before).

Why profit moved: revenue changed +34.6% on a year earlier and the margin moved +0.0 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed +10.2% and revenue +17.7%. Profit is growing slower than sales: rising costs are taking part of the growth.

Havells India Ltd reported ₹6,432 Cr of revenue in the Sep 2026 quarter, +34.6% on the same quarter a year earlier. That is the 5th quarter in a row with growth on the year before. Over 10 years it has grown 11.5% a year on average. The last full year, FY26, came in at ₹22,528 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹25,243 Cr.

FY26 revenue was ₹22,528 Cr, +3.4% on the year before.

Recent pace: the last four quarters grew +17.7% on average, against 11.5% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +16.5%, against +11.8% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +13.8%, against +8.5% a year (accelerating).

Havells India Ltd's operating margin was 9.0% in the Sep 2026 quarter, about the same as the same quarter a year ago. Across 13 years it has been between 9.0% and 15.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

In the latest quarter it moved +0.0 percentage points on the same quarter a year ago.

Why the margin moved: operating margin changed −0.3 percentage points on the year while gross margin changed −4.3 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 114% of Havells India Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹1,572 Cr of operating cash against ₹1,689 Cr of profit. After ₹1,448 Cr of spending on assets, ₹124 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 114% of profit came in as cash: the cash cycle got 28 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner.

What to look at next: the bigger use of cash is spending on new assets, at 2.7× depreciation over three years. The next section checks what that spending is building.

Havells India Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 51 days in FY26, down from 79 days in FY21. It spent ₹3,169 Cr on assets over the last 3 years. Customers take 13 days to pay, and stock sits for 110 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹22,528 Cr, each day of that cycle ties up about ₹61.7 Cr, so roughly ₹3,148 Cr is tied up in the business at any time.

FY26: customers took 13 days to pay and stock sat for 110 days, about 3.6 months of sales sitting as stock, for a full cycle of 51 days, shorter than FY21's 79.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 110 days. Customers pay about 13 days after that. Suppliers are paid at 72 days. Together that makes the 51-day cycle.

Spending on assets: ₹3,169 Cr over the last 3 years, against ₹1,170 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹443 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Havells India Ltd's P/E is 39.6×, near the low end of its own history: it has been lower only 3% of the time. Its usual P/E (the middle reading) is 63.6×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Sep 2026 add up to ₹26.53.