Valuation Havells India Limited

Equities

Market Closed - NSE India S.E. Other stock markets 04:35:03 13/03/2026 pm IST			5-day change	1st Jan Change
1,310.20 ^INR	-3.23%		-2.89%	-8.05%

12/03	Induction stoves fly off shelves in India as gas shortage fears spark panic buying	RE
17/02	Jindal Power, Vedanta and Havells Reportedly Among 22 Bidders for Gupta Power	CI

Data adjusted to current consolidation scope

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	6,57,564	7,21,846	7,44,607	9,49,566	9,58,531	8,21,832	-	-
Change	-	9.78%	3.15%	27.53%	0.94%	-14.26%	-	-
Enterprise Value (EV) ¹	6,44,793	7,00,442	7,63,226	9,22,443	9,28,191	7,92,691	7,86,597	7,77,805
Change	-	8.63%	8.96%	20.86%	0.62%	-14.6%	-0.77%	-1.12%
P/E ratio	63.2x	60.4x	69.3x	74.6x	64.4x	53.3x	41.9x	35.9x
PBR	12.7x	12.1x	11.3x	12.8x	11.5x	8.87x	7.91x	7x
PEG	-	4.1x	-6.9x	4.1x	3.8x	15.18x	1.5x	2.1x
Capitalization / Revenue	6.31x	5.2x	4.41x	5.12x	4.41x	3.54x	3.06x	2.68x
EV / Revenue	6.18x	5.04x	4.52x	4.97x	4.27x	3.41x	2.92x	2.54x
EV / EBITDA	41.2x	39.9x	47.6x	50x	43.2x	34.7x	27.6x	23.5x
EV / EBIT	49x	46.8x	58.4x	61.2x	53x	42.8x	33.2x	27.9x
EV / FCF	158x	47.1x	-3,314x	78.6x	115x	136x	56.4x	44.2x
FCF Yield	0.63%	2.12%	-0.03%	1.27%	0.87%	0.74%	1.77%	2.26%
Dividend per Share ²	6.5	7.5	7.5	9	10	10.06	12.73	14.96
Rate of return	0.62%	0.65%	0.63%	0.59%	0.65%	0.77%	0.97%	1.14%
EPS ²	16.61	19.08	17.16	20.32	23.74	24.57	31.28	36.54
Distribution rate	39.1%	39.3%	43.7%	44.3%	42.1%	40.9%	40.7%	41%
Net sales ¹	1,04,279	1,38,885	1,68,684	1,85,499	2,17,458	2,32,233	2,69,008	3,06,503
EBITDA ¹	15,653	17,576	16,030	18,453	21,486	22,811	28,534	33,151
EBIT ¹	13,164	14,968	13,068	15,068	17,499	18,538	23,682	27,870
Net income ¹	10,396	11,947	10,750	12,732	14,888	15,354	19,688	22,992
Net Debt ¹	-12,771	-21,403	18,619	-27,123	-30,340	-29,141	-35,235	-44,027
Reference price ²	1,050.40	1,152.55	1,188.50	1,515.00	1,528.90	1,310.20	1,310.20	1,310.20
Nbr of stocks (in thousands)	6,26,013	6,26,303	6,26,510	6,26,776	6,26,942	6,27,257	-	-
Announcement Date	20/05/21	04/05/22	03/05/23	30/04/24	22/04/25	-	-	-

¹INR in Million²INR

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
HAVELLS INDIA LIMITED	53.32x	3.41x	34.75x	0.77%	888.54Cr
SIEMENS AG	21.06x	2.53x	14.16x	2.55%	20TCr
SCHNEIDER ELECTRIC SE	31.4x	3.82x	18.05x	1.67%	16TCr
EATON CORPORATION PLC	28.77x	4.82x	20.11x	1.21%	14TCr
DELTA ELECTRONICS, INC.	37.91x	4.84x	21.93x	1.19%	11TCr
DELTA ELECTRONICS (THAILAND)	97.11x	12.91x	69.34x	0.32%	9.81TCr
VERTIV HOLDINGS CO	47.69x	7.2x	30.21x	0.09%	9.9TCr
EMERSON ELECTRIC CO.	26.81x	4.46x	15.54x	1.67%	7.43TCr
AMETEK, INC.	30.09x	6.23x	19.55x	0.62%	4.91TCr
LEGRAND	28.94x	4.11x	17.38x	1.72%	4.09TCr
Average	40.31x	5.43x	26.10x	1.18%	9.75TCr
Weighted average by Cap.	37.65x	5.26x	24.41x	1.37%