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Havells India Ltd share Price Today

Company details

1,453.95
1,516.20
1,193.20
1,591.35
6M Return 12.04%
1Y Return 24.11%
Mkt Cap.(Cr) 94,108.99
Volume 628,014
Div Yield 0.50%
OI
-
OI Chg %
-
Volume 628,014

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Cables & Lloyd segment drive revenue…
About The Stock

    About the stock: Havells India (HIL) is India’s leading electrical appliances & equipment manufacturer with a diversified product portfolio consisting of switchgears, cables, electrical consumer durables and lighting & fixtures. Apart from ‘Havells’, HIL’s other major brands include Crabtree, Standard, Reo and Lloyd.

    • In all its business segments, Havells has a strong presence in the organised product category with market share ranging between 6% and 20%
    • Robust balance sheet with RoE & RoCE of 19% & 24%, respectively (five-year average), with stringent working capital policy
Q3FY23 Results

    Strong revenue growth; sequential improvement in margins.

    • Revenue up ~13% YoY to ₹ 4119.7 crore majorly led by ~30% revenue growth in Lloyd and ~17% revenue growth in cables segment.
    • Gross margin increased by 72 bps YoY (+ 212 bps QoQ) to 33% supported by lower raw material cost and subsiding inventory losses. EBITDA margin witnessed sequential recovery by 246 bps (down 177 bps YoY) to 10.3%
    • PAT increased by ~52% QoQ to ~₹ 283.9 crore (down ~7% YoY), tracking EBITDA margin recovery

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Research view on more stocks

Electrical Equipment/Products company Havells India announced Q2FY24 & H1FY24 results:

1. Quarterly Financial Performance:
- Havells India reported a net revenue of Rs 3,891 crore, a growth of 6% YoY in Q2FY24.
- EBITDA stood at Rs 373 crore, registering a growth of 30% YoY.
- The company's profit after tax (PAT) for Q2FY24 was Rs 249 crore, reflecting a growth of 33% YoY.
- The net cash position at the end of Q2FY24 was Rs 2,468 crore.

2. Half-Yearly Financial Performance:
- For H1FY24, Havells India reported a net revenue of Rs 8,715 crore, a growth of 33% YoY.
- EBITDA during this period was Rs 810 crore, reflecting a growth of 24% YoY.
- The PAT for the half-year stood at Rs 718 crore, registering a growth of 25% YoY.

3. Segment-wise Analysis:
- The switchgear segment witnessed growth driven by infrastructure and construction.
- Power cable sales were boosted by infrastructure projects, outperforming flexible cable sales.
- The consumer lighting segment experienced deflationary pressure on LED prices, impacting revenues.
- Electrical consumer durables faced muted demand due to softness in consumer sentiment and a shift in festival demand.
- Lloyd Consumer maintained growth momentum across its product portfolio.

4. Balance Sheet:
- The total non-current assets at the end of Q2FY24 amounted to Rs 4,321 crore.
- Havells India had a strong liquidity position with cash and cash equivalents of Rs 2,468 crore.
- The company's investments in manufacturing continued with a capex primarily focused on cable, lighting, and Lloyd capacities.

5. Cash Flow:
- The operating net cash flow during H1FY24 was Rs 810 crore.
- Net cash flow from investing activities was negative at Rs 205 crore due to capital expenditure.
- Net cash flow from financing activities amounted to Rs 310 crore, primarily reflecting additional borrowings.

 

 

Result PDF

View Other Company Results

Havells India Ltd shares SWOT Analysis

Strengths (6)

  • Growth in Net Profit with increasing Profit Margin (QoQ)
  • Company with No Debt
  • Book Value per share Improving for last 2 years

Weakness (5)

  • MFs decreased their shareholding last quarter
  • Inefficient use of capital to generate profits - RoCE declining in the last 2 years
  • Inefficient use of shareholder funds - ROE declining in the last 2 years

Opportunity (1)

  • Negative to Positive growth in Sales and Profit with Strong Price momentum

Threats (2)

  • Companies with growing costs YoY for long term projects
  • High PE (PE > 40)

Resistance and support

R1 1,527.3
R2 1,552.9
R3 1,589.5
Pivot

1,490.62

S1 1,465.0
S2 1,428.4
S3 1,402.8
EMA SMA
1,504.3
1,474.4
1,431.4
1,381.4
1,504.8
1,473.0
1,411.9
1,369.9
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
SOCIETE GENERALE Block Purchase 2024-01-25 1305.6 311790 BSE
MARSHALLWACEINVESTMENTSTRATEGIESMARKETNEUTRALTOPSFUND Block Purchase 2024-01-25 1305.6 100904 BSE
BNP PARIBAS ARBITRAGE Block Sell 2024-01-25 1305.6 311790 BSE
Name Category Shares
QRG Investments and Holdings Limited PROMOTER 41.26%
Shri Anil Rai Gupta as Managing Trustee of ARG Family Trust PROMOTER 12.35%
Shri Surjit Kumar Gupta as Trustee of SKG Family Trust PROMOTER 5.81%

OUR RESEARCH VIEW

Investment recommendation
Cables & Lloyd segment drive revenue…
Call Date
21 Jan 2023
Entry Price 1,154.00
Target Price 1,420.00
Duration
12-18 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Havells India Ltd Stocks COMPARISON

Financials( in Cr) Havells India Ltd Dixon Technologies (India) Ltd Voltas Ltd Blue Star Ltd Crompton Greaves Consumer Electricals Ltd
Price 1,501.70 7,531.95 1,300.55 1,422.45 297.05
% Change 0.54 0.45 0.69 1.25 -0.24
Mcap Cr 94,108.99 45,057.63 43,033.25 29,247.71 19,103.49
Revenue TTM Cr 16,910.73 12,192.01 9,498.77 7,977.32 6,869.61
Net Profit TTM Cr 1,071.73 255.08 136.22 400.69 476.40
PE TTM 79.60 127.57 153.90 81.61 44.15
1 Year Return 24.11 153.01 55.73 94.30 0.73
ROCE 21.93 23.60 9.54 23.89 17.89
ROE 16.97 22.36 4.46 23.42 18.64
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 6,625.45 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 18,396.48 -4,381.83
LAST 3M 82,644.28 31,619.26
LAST 6M 141,441.37 66,162.53
LAST 12M 215,515.77 196,008.04
Havells India Limited - Updates

Apr 16, 2024 l NSE Announcement

Havells India Limited - Updates

Apr 15, 2024 l NSE Announcement

Date Action Type Ratio
Feb 01, 2024 Dividend 300
Jun 02, 2023 Dividend 450
Jan 25, 2023 Dividend 300

Havells India Ltd Information

Stock PE (TTM)
79.6
Promoter Holding
59.43%
Book Value
110.0914
ROCE
21.93%
ROE
16.97%
Description
  • Havells India Ltd. is an Indian fast-moving electrical goods company and a major power distribution equipment manufacturer. It was incorporated in 1958 with its headquarters in Noida. For the quarter ended June 2022, the company reported a total income of Rs 4,292.05 crore, down 3.99% from Rs 4,470.37 crore in the previous quarter ended March 2022. The company’s market capitalisation on 19 August 2022 stood at Rs 84,578 crore.  

    Havells India Ltd. is listed on the Bombay Stock Exchange with the code 517354 and on the National Stock Exchange with the code HAVELLS.  

    The company owns some leading brands, such as Havells, Lloyd, Standard, and Crabtree. Its wide product range includes cables and wires, fans, motors, home appliances, industrial and domestic circuit protection devices, electric water heaters, air conditioners, power capacitors, and luminaires for commercial, domestic, and industrial applications.  

    During FY 2021-2022, the company recorded a total revenue of Rs 14,098.92 crore, up 32.45% from the total revenue of Rs 10,644.66 crore in FY 2020-2021. The company’s annual revenue growth of 32.45% outperformed its three-year CAGR of 11.27%. The total profit after tax was Rs 1,196.47 crore, up 14.57% from the previous financial year, 2020-2021.  

    On 30 June 2022, the company’s shareholding pattern indicated a 59.45% promoter stake, a 23.1% foreign institutional investor stake, a 9.06% domestic institutional investor stake, and an 8.35% public stake. QRG Enterprises Ltd. is the leading promoter with a 30.3% share.   

    The company’s top management includes Mr Anil Rai Gupta, Mr Surjit Kumar Gupta, Mr Ameet Kumar Gupta, Mr Puneet Bhatia, Mr Jalaj Ashwin Dani, Mr Upendra Kumar Sinha, Mr Ashish Bharat Ram, Ms Namrata Kaul, Mr Vivek Mehra, Mr Rajesh Kumar Gupta, and Mr T V Mohandas Pai. The auditors are Price Waterhouse & Co Chartered Accountants LLP and S R Batliboi & Co. LLP.  

    On 19 August 2022, Havells India Ltd.’s share price closed at Rs 1,346.90 on BSE and at Rs 1,350 on NSE. The 52-week high for Havells India Ltd.’s share price was Rs 1,504.45, and the 52-week low for the company’s share price was Rs 1,037.40.  

    The company’s peers in the electrical equipment sector include Siemens Ltd., ABB India Ltd., CG Power and Industrial Solutions Ltd., and Hitachi Energy India Ltd. 

    Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest.  I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose

Registered Address

904 9th Floor Surya Kiran Bldg, Kasturba G Marg Connaught Plac, New Delhi, Delhi, 110001

Tel : 91-120-4771000
Email : investors:havells.com
Website : http://www.havells.com
Registrar

MCS Ltd

AGM Date (Month) : Jun
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 517354
NSE Code : HAVELLS
Book Closure Date (Month) : Jun
BSE Group : A
ISIN : INE176B01034

FAQ’s on Havells India Ltd Shares

You can buy Havells India Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Havells India Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Apr 19, 2024 03:54 PM the closing price of Havells India Ltd was ₹ 1,501.70.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Apr 19, 2024 03:54 PM, the market cap of Havells India Ltd stood at ₹ 94,108.99.

The latest PE ratio of Havells India Ltd as of Apr 19, 2024 03:54 PM is 79.6

The latest PB ratio of Havells India Ltd as of Apr 19, 2024 03:54 PM is 0.07

The 52-week high of Havells India Ltd share price is ₹ 1,591.35 while the 52-week low is ₹ 1,193.20

According to analyst recommendations, Havells India Ltd Share has a “Buy” rating for the long term.

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