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.
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