Valuation Havells India Limited Bombay S.E.
Stocks
HAVELLS
INE176B01034
Electrical Components & Equipment
|
Market Closed -
Bombay S.E.
03:32:26 24/08/2026 pm IST
|
5-day change | 1st Jan Change | ||
| 1,268.00 INR | +0.24% |
|
-2.31% | -11.06% |
| 17/08 | Indian wiring firm says factory reopened after submitting evidence against child labour allegations | RE |
| 14/08 | Indian electronics firm Eureka investigating findings of child labour at supplier | RE |
Company Valuation: Havells India Limited
Data adjusted to current consolidation scope
| Fiscal Period: March | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|---|---|
| Market Cap 1 | 7,21,846 | 7,44,607 | 9,49,566 | 9,58,531 | 7,46,812 | 7,96,062 | - | - |
| Change | - | 3.15% | 27.53% | 0.94% | -22.09% | 6.59% | - | - |
| Enterprise Value (EV) 1 | 7,00,442 | 7,63,226 | 9,22,443 | 9,28,191 | 7,25,954 | 7,70,854 | 7,65,428 | 7,56,731 |
| Change | - | 8.96% | 20.86% | 0.62% | -21.79% | 6.18% | -0.7% | -1.14% |
| P/E | 60.4x | 69.3x | 74.6x | 64.4x | 43.8x | 47x | 38.6x | 33.4x |
| PBR | 12.1x | 11.3x | 12.8x | 11.5x | 7.88x | 7.58x | 6.76x | 6.03x |
| PEG | - | -6.9x | 4.1x | 3.8x | 3x | -65.79x | 1.8x | 2.2x |
| Capitalization / Revenue | 5.2x | 4.41x | 5.12x | 4.41x | 3.32x | 3.05x | 2.68x | 2.38x |
| EV / Revenue | 5.04x | 4.52x | 4.97x | 4.27x | 3.23x | 2.96x | 2.58x | 2.26x |
| EV / EBITDA | 39.9x | 47.6x | 50x | 43.2x | 32.8x | 30.3x | 25x | 21.7x |
| EV / EBIT | 46.8x | 58.4x | 61.2x | 53x | 40.7x | 37.7x | 30.5x | 26x |
| EV / FCF | 47.1x | -3,314x | 78.6x | 115x | 710x | 81.7x | 52.9x | 42.8x |
| FCF Yield | 2.12% | -0.03% | 1.27% | 0.87% | 0.14% | 1.22% | 1.89% | 2.34% |
| Dividend per Share 2 | 7.5 | 7.5 | 9 | 10 | 10 | 11 | 12.53 | 14.71 |
| Rate of return | 0.65% | 0.63% | 0.59% | 0.65% | 0.84% | 0.87% | 0.99% | 1.16% |
| EPS 2 | 19.08 | 17.16 | 20.32 | 23.74 | 27.18 | 26.99 | 32.87 | 37.94 |
| Distribution rate | 39.3% | 43.7% | 44.3% | 42.1% | 36.8% | 40.8% | 38.1% | 38.8% |
| Net sales 1 | 1,38,885 | 1,68,684 | 1,85,499 | 2,17,458 | 2,24,656 | 2,60,716 | 2,96,678 | 3,35,163 |
| EBITDA 1 | 17,576 | 16,030 | 18,453 | 21,486 | 22,133 | 25,413 | 30,569 | 34,932 |
| EBIT 1 | 14,968 | 13,068 | 15,068 | 17,499 | 17,842 | 20,424 | 25,082 | 29,087 |
| Net income 1 | 11,947 | 10,750 | 12,732 | 14,888 | 17,054 | 16,845 | 20,561 | 23,869 |
| Net Debt 1 | -21,403 | 18,619 | -27,123 | -30,340 | -20,858 | -25,208 | -30,634 | -39,331 |
| Reference price 2 | 1,152.55 | 1,188.50 | 1,515.00 | 1,528.90 | 1,190.60 | 1,268.50 | 1,268.50 | 1,268.50 |
| Nbr of stocks (in thousands) | 6,26,303 | 6,26,510 | 6,26,776 | 6,26,942 | 6,27,257 | 6,27,562 | - | - |
| Announcement Date | 04/05/22 | 03/05/23 | 30/04/24 | 22/04/25 | 22/04/26 | - | - | - |
1INR in Million2INR
Estimates
P/E, Detailed evolution
| P/E (N) | EV / Sales (N) | EV / EBITDA (N) | Dividend Yield (N) | Capi.($) | ||
|---|---|---|---|---|---|---|
| 18.87x | 2.5x | 11.23x | 2.71% | 27TCr | ||
| 26.06x | 3.06x | 16.68x | 2.01% | 25TCr | ||
| 31.33x | 4.02x | 18.54x | 1.56% | 19TCr | ||
| 37.8x | 5.52x | 23.56x | 1.02% | 16TCr | ||
| 42.6x | 5.72x | 25.49x | 1% | 14TCr | ||
| 43.36x | 7.13x | 28.73x | 0.1% | 10TCr | ||
| 91.2x | 11.63x | 64.73x | 0.35% | 9.85TCr | ||
| 32.18x | 5.2x | 18.06x | 1.4% | 8.77TCr | ||
| 30.48x | 5.37x | 19.99x | 1.28% | 5.5TCr | ||
| Average | 39.32x | 5.57x | 25.22x | 1.27% | 15.19TCr | |
| Weighted average by Cap. | 35.04x | 4.80x | 22.17x | 1.53% |
Y-o-Y evolution of P/E
Historical PBR trend
Evolution Enterprise Value / Sales
Change in Enterprise Value/EBITDA
Year-on-year evolution of the Yield
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