# Havells share price today (Havells India Ltd, NSE: HAVELLS)

> Havells share price today: ₹1,051.40 at the NSE close on 3 November 2026, down 29.6% in a year. Havells India (NSE: HAVELLS) is worth ₹65,969 crore, trades at a P/E of 38.9 and has closed between ₹1,013.80 and ₹1,469.40 over the past 52 weeks. > Havells India Ltd's earnings have grown faster than its share price. Earnings per share grew +14.8% in a year while the price moved −29.6%. HAVELLS · Consumer Electronics · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/havells-india-ltd

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## Key numbers

- Business trend: Growing steadily, from the last 12 quarters
- Price: ₹1,051.40 (−29.6% in a year)
- P/E: 38.9× (lower than 98% of the last 11 years)
- Revenue (Sep 2026): ₹6,432 Cr (+34.6% on a year ago)
- Profit (Sep 2026): ₹349 Cr (+9.7% on a year ago)
- Operating margin: 9.0% (flat on a year ago)
- ROCE: 25%, FY26
- ROIC: 17.1%, against a 12.0% cost of capital: +5.1 points

The main question: yearly earnings per share moved +14.8% while the share price moved −29.6%. ## What is the Havells share price today? Havells India Ltd's share price was ₹1,051.40 at the close on 3 November 2026. It has been falling for 95 weeks. That is 14.4% 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 8% of the way up from that low. 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 +262% 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. ## What changed at Havells this quarter? 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. ## What are Havells' latest quarterly results? 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

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹6,432 crore | ₹4,779 crore | +34.6% |
| Profit | ₹349 crore | ₹318 crore | +9.7% |
| Earnings per share | ₹5.57 | ₹5.09 | +9.4% |
| Operating margin | 9.0% | 9.0% | 0.0 points |

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.)

## What is the Havells share price history? Havells closed at ₹1,051.40 on 3 November 2026, down 29.6% from ₹1,493.90 a year earlier (31 October 2025) and down 18.8% over five years. Its highest weekly close since March 2016 was ₹2,048.10 on 20 September 2024. ### Havells share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹1,031.00 | +2.0% |
| 1 month ago · 1 Oct 2026 | ₹1,040.00 | +1.1% |
| 6 months ago · 30 Apr 2026 | ₹1,240.60 | −15.3% |
| 1 year ago · 31 Oct 2025 | ₹1,493.90 | −29.6% |
| 3 years ago · 3 Nov 2023 | ₹1,271.00 | −17.3% |
| 5 years ago · 4 Nov 2021 | ₹1,294.45 | −18.8% |
| 10 years ago · 4 Nov 2016 | ₹386.15 | +172.3% |
| Earliest and lowest weekly close in our records · 11 Mar 2016 | ₹290.80 | +261.6% |
| Highest weekly close since March 2016 · 20 Sep 2024 | ₹2,048.10 | −48.7% |
| 52-week high (weekly close) · 14 Nov 2025 | ₹1,469.40 | −28.4% |
| 52-week low (weekly close) · 30 Oct 2026 | ₹1,013.80 | +3.7% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (563 weekly closes from 11 March 2016 to 3 November 2026.)

## What is the latest news on Havells? 3 Nov 2026: Havells closed at ₹1,051.40, up 2.0% on the week and up 1.1% 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. ## What dividend does Havells pay? Havells paid ₹10 a share in regular dividends in the 12 months to 4 November 2026 (2 payments), a yield of 0.95% at the ₹1,051.40 close on 3 November 2026. The last was a dividend of ₹6 a share, ex-date 22 May 2026. ### Havells dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 22 May 2026 | ₹6 | Dividend | 24 May 2026 |
| 23 Jan 2026 | ₹4 | Interim | same day |
| 23 May 2025 | ₹6 | Dividend | 25 May 2025 |
| 22 Jan 2025 | ₹4 | Interim | same day |
| 31 May 2024 | ₹6 | Dividend | n/a |
| 1 Feb 2024 | ₹3 | Interim | same day |
| 2 Jun 2023 | ₹4.50 | Dividend | n/a |
| 25 Jan 2023 | ₹3 | Interim | 28 Jan 2023 |
| 14 Jun 2022 | ₹4.50 | Dividend | n/a |
| 27 Oct 2021 | ₹3 | Interim | 28 Oct 2021 |
| 17 Jun 2021 | ₹3.50 | Dividend | n/a |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

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 4 November 2026.)

## What did Havells management say on the latest results call? 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](https://files.tijorifinance.com/insight/india/1952/Conference Call/CC-Oct26.pdf). (From the call for July to September 2026, 22 October 2026.)

## What to watch in Havells' next results? 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. - What to check (from the call)
- Festive Q3 volume and margin delivery after flagged price actions and seasonal Lloyd recovery - check Q3 print versus positive outlook. - Switchgear contribution steadiness at flagged normalized band with pending top-ups - check Q3 margin print. - Cables contribution and volume having at flagged averages despite aluminum swings - check Q3 print and expansion update. ## Which stock lists is Havells on? Havells is on 2 of our India lists: 52 week high & low and Small & mid cap stocks. - [52 week high & low 52-week position: At 52-week low](https://www.sectoralpha.in/52-week-high-stocks-india)
- [Small & mid cap stocks Size rank in India: 156](https://www.sectoralpha.in/small-cap-stocks-india)

## Is Havells profitable? 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. 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. ## How much revenue does Havells make, and is it growing? 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. 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). ## How much of every ₹100 of sales does Havells keep? 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. 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. ## Is Havells' profit turning into cash? 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. 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. ## Where does Havells' cash go? 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. 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. ## What is Havells' P/E ratio, and how does it compare with its own history? Havells India Ltd's P/E is 38.9×, about the lowest it has ever been. 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. 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. Why the multiple is where it is: over the past year earnings per share moved +14.8% while the price moved −29.6%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 5 years the price moved −4.1% a year; about +7.2% a year came from earnings growth and about −11.3 percentage points from the multiple (the market paying less); over 10 years the price moved +10.5% a year; about +11.5% a year came from earnings growth and about −1.0 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Havells business getting better or worse? Havells India Ltd's business is growing steadily. Revenue, profit and EPS growth have stayed positive throughout, and ROCE is steady at 22.4%. This is based on 12 quarters of 4 measures. Why it matters: steady growth with healthy returns is how a business compounds over time. ## How much does Havells earn on its capital? Havells India Ltd earned a ROCE of 25% in FY26. That is up from a low of 22% in FY20. Its return on capital used (ROIC) is 5.1 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 7.5% net margin and 1.53× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 7.5% net margin × 1.53× asset turnover × 1.56× leverage (assets divided by equity) ≈ 17.9% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: 17.1% − 12.0% = +5.1 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. A gap this wide means each rupee put back into the business creates more than a rupee of value. The 17.1% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 21.4%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Havells have too much debt? Havells India Ltd has total debt of ₹239 Cr against shareholder equity of ₹9,785 Cr as of Sep 2026, so its debt is 0.02× its equity, which is very little. Year by year, that ratio went from 0.10 in FY22 to 0.03 in FY26. So the returns on this page come from the business, not from borrowed money. ## What is the Havells shareholding pattern? Foreign institutions cut their stake in Havells India Ltd by 10.3 percentage points over 8 quarters, the biggest change among its owners. Foreign institutions now own 14.5% of the company. Domestic institutions moved +9.8 points over the same period, to 19.9%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Foreign institutions: −10.3 points over 8 quarters, to 14.5%; Domestic institutions: +9.8 points over 8 quarters, to 19.9%; Promoters: −0.1 points over 8 quarters, to 59.4%. Why the owners changed: foreign institutions moved −10.3 points and domestic institutions +9.8 points over 8 quarters, while promoters stayed about the same. One group of institutions took over shares from the other; it is not a change of mind by the people running the company. ## How far is Havells from balance-sheet trouble? For Havells India Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Havells rank in its industry? 60.1 out of 100, rank 2 of 13 in Consumer Electronics, with 100% of the evidence available. Havells India Ltd scores 60.1 out of 100 against the 13 companies it is compared with in Consumer Electronics, ranking 2. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 23.8 + 19.9 + 8.3 + 8.1 = 60.1. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Havells compared with? Havells ranks 2 of 13 Consumer Electronics companies on the 4-Factor Sector Score, with 60.1 out of 100. 1. [Orient Electric Ltd](https://www.sectoralpha.in/stocks/orient-electric-ltd) ORIENTELEC · turning · Sector-leading setup · 100% evidence 86.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 31.9/35 · Revenue 16.9% · Profit 40.9% · Operating margin change 1 points · 100% evidence Capital efficiency 17.3/25 · ROCE 19.9% · Operating margin 6% · 100% evidence Valuation 19.4/20 · P/E 28.7× · PEG 0.83 · 100% evidence Relative strength 17.6/20 · Lead over its industry 15.4% · Lead over NIFTY 500 6% · 1 year -13.5% · 100% evidence · 3 of 12 weeks ahead Exact sum: 31.9 + 17.3 + 19.4 + 17.6 = 86.2 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. Havells India Ltd this page HAVELLS · quiet · Evidence leans up · 100% evidence 60.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.8/35 · Revenue 16.5% · Profit 13.8% · Operating margin change 0 points · 100% evidence Capital efficiency 19.9/25 · ROCE 24.9% · Operating margin 9% · 100% evidence Valuation 8.3/20 · P/E 37.5× · PEG 3.13 · 100% evidence Relative strength 8.1/20 · Lead over its industry -8.2% · Lead over NIFTY 500 -15.8% · 1 year -32.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 23.8 + 19.9 + 8.3 + 8.1 = 60.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [LG Electronics India Ltd](https://www.sectoralpha.in/stocks/lg-electronics-india-ltd) LGEINDIA · leader · Evidence leans up · 83% evidence 59.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.2/35 · Revenue 5.6% · Profit -10.4% · Operating margin change 1 points · 88% evidence Capital efficiency 20.0/25 · ROCE 32.3% · Operating margin 12% · 100% evidence Valuation 6.3/20 · P/E 61.8× · PEG 2.69 · 65% evidence Relative strength 16.0/20 · Lead over its industry 20.5% · Lead over NIFTY 500 10.8% · 1 year -0.1% · 70% evidence · 12 of 12 weeks ahead Exact sum: 17.2 + 20 + 6.3 + 16 = 59.5 · What this means: Relative strength against the index is 10.8%, and revenue and profit growth are weak. 4. [Blue Star Ltd](https://www.sectoralpha.in/stocks/blue-star-ltd) BLUESTARCO · turning · Evidence leans up · 90% evidence 58.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.2/35 · Revenue 8.8% · Profit -2% · Operating margin change -1 points · 100% evidence Capital efficiency 18.5/25 · ROCE 21.2% · Operating margin 7% · 100% evidence Valuation 8.3/20 · P/E 62.4× · PEG n/a · 50% evidence Relative strength 15.5/20 · Lead over its industry 10% · Lead over NIFTY 500 1% · 1 year -16% · 100% evidence · 0 of 12 weeks ahead Exact sum: 16.2 + 18.5 + 8.3 + 15.5 = 58.5 · What this means: Relative strength against the index is 1%, and revenue and profit growth are weak. 5. [Eureka Forbes Ltd](https://www.sectoralpha.in/stocks/eureka-forbes-ltd) EUREKAFORB · quiet · Evidence leans up · 74% evidence 52.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.2/35 · Revenue 12.4% · Profit 5.8% · Operating margin change 0 points · 88% evidence Capital efficiency 9.6/25 · ROCE 5.9% · Operating margin 10% · 100% evidence Valuation 13.4/20 · P/E 29.8× · PEG 1.26 · 65% evidence Relative strength 7.8/20 · Lead over its industry n/a · Lead over NIFTY 500 -31.6% · 1 year -44% · 25% evidence · 0 of 12 weeks ahead Exact sum: 21.2 + 9.6 + 13.4 + 7.8 = 52 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Crompton Greaves Consumer Electricals Ltd](https://www.sectoralpha.in/stocks/crompton-greaves-consumer-electricals-ltd) CROMPTON · basing · Evidence leans down · 82% evidence 49.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.2/35 · Revenue 12.1% · Profit -80% · Operating margin change 1 points · 95% evidence Capital efficiency 14.9/25 · ROCE 18.1% · Operating margin 9% · 76% evidence Valuation 13.6/20 · P/E 25.3× · PEG n/a · 50% evidence Relative strength 3.2/20 · Lead over its industry -12.3% · Lead over NIFTY 500 -19.6% · 1 year -32.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 18.2 + 14.9 + 13.6 + 3.2 = 49.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Whirlpool of India Ltd](https://www.sectoralpha.in/stocks/whirlpool-of-india-ltd) WHIRLPOOL · breaking out · Evidence leans down · 81% evidence 42.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.6/35 · Revenue 6% · Profit -30.8% · Operating margin change -4 points · 88% evidence Capital efficiency 10.7/25 · ROCE 10.7% · Operating margin 5% · 100% evidence Valuation 9.5/20 · P/E 37.9× · PEG 2.3 · 100% evidence Relative strength 10.1/20 · Lead over its industry n/a · Lead over NIFTY 500 -1.9% · 1 year -41.8% · 25% evidence · 6 of 12 weeks ahead Exact sum: 12.6 + 10.7 + 9.5 + 10.1 = 42.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [Bosch Home Comfort India Ltd](https://www.sectoralpha.in/stocks/bosch-home-comfort-india-ltd) BOSCH-HCIL · leader · Evidence leans down · 83% evidence 42.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 11.7/35 · Revenue 12.6% · Profit -80% · Operating margin change -0.6 points · 83% evidence Capital efficiency 5.2/25 · ROCE 4.8% · Operating margin 3.7% · 95% evidence Valuation 5.1/20 · P/E 222× · PEG n/a · 50% evidence Relative strength 20.0/20 · Lead over its industry 26% · Lead over NIFTY 500 16% · 1 year -4.1% · 100% evidence · 12 of 12 weeks ahead Exact sum: 11.7 + 5.2 + 5.1 + 20 = 42 · What this means: Relative strength against the index is 16%, and revenue and profit growth are weak. 9. [Symphony Ltd](https://www.sectoralpha.in/stocks/symphony-ltd) SYMPHONY · quiet · Evidence leans down · 72% evidence 41.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 11.6/35 · Revenue 2.8% · Profit -80% · Operating margin change 6 points · 95% evidence Capital efficiency 17.1/25 · ROCE 20.6% · Operating margin 13% · 76% evidence Valuation 10.0/20 · P/E n/a · PEG n/a · 0% evidence Relative strength 2.7/20 · Lead over its industry -24% · Lead over NIFTY 500 -30.4% · 1 year -47.5% · 100% evidence · 0 of 12 weeks ahead Exact sum: 11.6 + 17.1 + 10 + 2.7 = 41.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [Voltas Ltd](https://www.sectoralpha.in/stocks/voltas-ltd) VOLTAS · quiet · Most evidence points down · 78% evidence 34.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 13.6/35 · Revenue 3.8% · Profit -31.1% · Operating margin change 1 points · 83% evidence Capital efficiency 8.2/25 · ROCE 9% · Operating margin 4.9% · 76% evidence Valuation 7.1/20 · P/E 72.8× · PEG n/a · 50% evidence Relative strength 6.0/20 · Lead over its industry -9.9% · Lead over NIFTY 500 -17.4% · 1 year -25.7% · 100% evidence · 0 of 12 weeks ahead Exact sum: 13.6 + 8.2 + 7.1 + 6 = 34.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Wonder Electricals Ltd](https://www.sectoralpha.in/stocks/wonder-electricals-ltd) WEL · quiet · Most evidence points down · 96% evidence 29.6 out of 100 Growth Capital Valuation Relative
12. [Onida Electronics Ltd](https://www.sectoralpha.in/stocks/onida-electronics-ltd) ONIDA · quiet · Most evidence points down · 68% evidence 25.1 out of 100 Growth Capital Valuation Relative
13. [MIRC Electronics Ltd](https://www.sectoralpha.in/stocks/mirc-electronics-ltd) MIRCELECTR · Too little evidence to rank firmly · 37% evidence 28.8 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Consumer Electronics](https://www.sectoralpha.in/sectors/consumer-electronics), all 13 compared on one page. ## Which companies are close to Havells in size? Havells is the 2nd largest of 13 Consumer Electronics companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: LG Electronics India. Just below it: Voltas, Blue Star, Crompton Greaves Consumer Electricals, Whirlpool of India and Eureka Forbes. ### Consumer Electronics companies close in size

1. [LG Electronics India Ltd](https://www.sectoralpha.in/stocks/lg-electronics-india-ltd) ₹1,12,771 crore
2. Havells India Ltd ₹63,622 crore
3. [Voltas Ltd](https://www.sectoralpha.in/stocks/voltas-ltd) ₹34,015 crore
4. [Blue Star Ltd](https://www.sectoralpha.in/stocks/blue-star-ltd) ₹33,472 crore
5. [Crompton Greaves Consumer Electricals Ltd](https://www.sectoralpha.in/stocks/crompton-greaves-consumer-electricals-ltd) ₹12,334 crore
6. [Whirlpool of India Ltd](https://www.sectoralpha.in/stocks/whirlpool-of-india-ltd) ₹10,334 crore
7. [Eureka Forbes Ltd](https://www.sectoralpha.in/stocks/eureka-forbes-ltd) ₹6,061 crore

[All 13 Consumer Electronics companies, largest first](https://www.sectoralpha.in/sectors/consumer-electronics#all-companies)

### Companies close in size in other industries

1. [ICICI Prudential Life Insurance Company Ltd](https://www.sectoralpha.in/stocks/icici-prudential-life-insurance-company-ltd) ₹64,580 crore · Finance - Insurance
2. [Bajaj Housing Finance Ltd](https://www.sectoralpha.in/stocks/bajaj-housing-finance-ltd) ₹64,509 crore · Finance - Housing
3. Havells India Ltd ₹63,622 crore
4. [Prestige Estates Projects Ltd](https://www.sectoralpha.in/stocks/prestige-estates-projects-ltd) ₹62,598 crore · Realty - National
5. [Bank of Maharashtra](https://www.sectoralpha.in/stocks/bank-of-maharashtra) ₹62,578 crore · Banks - PSU

## What else do people ask about Havells? ### What is Havells's share price today? Havells India Ltd's share price is ₹1,051.40, −29.6% over the past year. The whole company is worth ₹65,969 Cr on the market. In the last 52 weeks it traded between ₹1,014 to ₹1,469; today it is 8% of the way up from the low, 14.4% below its 200-day average (as of 3 November 2026). ### What were Havells's latest quarterly results? Havells India Ltd reported revenue of ₹6,432 Cr and net profit of ₹349 Cr for the Sep 2026 quarter. Revenue rose 34.6% and profit rose 9.7% compared with a year earlier. Earnings per share were ₹5.57. The operating margin was 9.0%, 0.0 percentage points higher than a year earlier (as of 3 November 2026). ### What is Havells's market cap? Havells India Ltd's market capitalisation is ₹65,969 Cr at a share price of ₹1,051.40. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Havells performing? Havells India Ltd's share price has been falling for 95 weeks. In its latest quarter, revenue rose 34.6% and profit rose 9.7% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 10 weeks running (as of 3 November 2026). ### Will Havells's share price go up? This page does not forecast Havells India Ltd's share price. What it shows instead: the share price is ₹1,051.40, and it has been falling for 95 weeks. Its P/E of 38.9× is higher than 2% of its own last 11 years (as of 3 November 2026). ### Who owns Havells? Promoters own 59.4% of Havells India Ltd, foreign institutions 14.5%, domestic institutions 19.9% and the public 6.3% (latest quarter). The biggest change over the last two years: Foreign institutions cut their stake by 10.3 percentage points over 8 quarters (as of 3 November 2026). ### Does Havells have too much debt? No, Havells India Ltd has little debt: its debt is 0.03× its equity, and its operating profit is 28 times its interest bill. FY26 borrowings were ₹265 Cr against equity of ₹9,456 Cr. So the returns on this page come from the business, not borrowed money (as of 3 November 2026). ### Where is Havells in its business cycle? Havells India Ltd's FY26 operating margin was 10.0%, against a 13-year range of 9.0% to 15.0%: the low end of its own range, which is often where recoveries start. The latest quarter was 9.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Havells story? The main question: yearly earnings per share moved +14.8% while the share price moved −29.6%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Havells a stock worth studying right now? What the numbers show: Havells India Ltd's earnings have grown faster than its share price. Earnings per share grew +14.8% in a year while the price moved −29.6%. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Havells share price forecast for 2026? What management itself guided: Festive season demand and margins seen positive despite macro and commodity uncertainty. ## Lists

- 52 week high & low: https://www.sectoralpha.in/52-week-high-stocks-india
- Small & mid cap stocks: https://www.sectoralpha.in/small-cap-stocks-india

This is research, not advice. We’re not SEBI-registered.