| ₹ crore | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Revenue | 6,432 | 4,779 | +34.6% |
| EBITDA | 573 | 438 | +30.8% |
| EBITDA margin | 8.9% | 9.2% | −0.3 pts |
| Profit before tax | 473 | 410 | +15.3% |
| Net profit | 349 | 318 | +9.7% |
| EPS | ₹5.57 | ₹5.09 | +9.4% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 64,323 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 501 | 791 | 807 | 266 | 646 | ||
| 12.4 | 13.2 | 17.2 | 0.0 | 0.0 | ||
| 63,834 | — | — | — | — | ||
| 25,243 | 22,528 | 21,778 | 18,590 | 16,911 | ||
| — | +3.4% | +17.1% | +9.9% | — | ||
| 2,285 | 2,200 | 2,131 | 1,843 | 1,599 | ||
| 9.1% | 9.8% | 9.8% | 9.9% | 9.5% | ||
| 1,816 | 1,768 | 1,730 | 1,504 | 1,303 | ||
| 1,662 | 1,689 | 1,470 | 1,271 | 1,072 | ||
| 6.6% | 7.5% | 6.8% | 6.8% | 6.3% | ||
| ₹26.52 | ₹26.95 | ₹23.47 | ₹20.18 | ₹17.08 | ||
| — | +14.8% | +16.3% | +18.1% | — | ||
| — | 1,572 | 1,515 | 1,953 | 565 | ||
| — | −1,484 | −766 | −786 | −588 | ||
| 87.5 | 87.5 | 749 | 1,167 | −22.9 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 64,322.7 | |
| - Cash, Equiv & ST Investments | 646.0 | 266.1 | 807.3 | 790.6 | 501.1 | |
| + Minority Interest | 0.0 | 0.0 | 17.2 | 13.2 | 12.4 | |
| Enterprise Value | — | — | — | — | 63,834.0 | |
| Revenue | 16,910.7 | 18,590.0 | 21,778.1 | 22,527.8 | 25,243.3 | |
| Growth %, YoY | — | +9.9 | +17.1 | +3.4 | — | |
| EBITDA | 1,599.1 | 1,842.6 | 2,130.9 | 2,199.7 | 2,285.0 | |
| Margin % | 9.46 | 9.91 | 9.78 | 9.76 | 9.05 | |
| EBIT | 1,303.0 | 1,504.1 | 1,730.5 | 1,767.7 | 1,815.5 | |
| Net Income | 1,071.7 | 1,270.8 | 1,470.2 | 1,689.3 | 1,662.4 | |
| Margin % | 6.34 | 6.84 | 6.75 | 7.50 | 6.59 | |
| EPS, Adj (current shares) | 17.08 | 20.18 | 23.47 | 26.95 | 26.52 | |
| Growth %, YoY | — | +18.1 | +16.3 | +14.8 | — | |
| Cash from Operations | 564.9 | 1,952.9 | 1,515.3 | 1,572.0 | — | |
| Capital Expenditures | -587.8 | -786.1 | -766.0 | -1,484.5 | — | |
| Free Cash Flow | -22.9 | 1,166.8 | 749.3 | 87.5 | 87.5 | |
Prices at the 29 October 2026 close · figures from the company's filings with NSE
Havells India (NSE: HAVELLS) had a market capitalisation of ₹64,005 crore at the 29 October 2026 close (₹1,020.00 a share), a PE ratio of 38.5 on the last four quarters' profit and a price-to-book ratio of 6.55. In FY26 its consolidated net profit was ₹1,691 crore on revenue of ₹22,528 crore; in Q2 FY27 (July–September 2026) it was ₹350 crore, up 9.6% year on year. It had no borrowings on 30 September 2026. Promoters held 59.35% of the shares on 30 September 2026.
Havells India's PE ratio is 38.5 at the 29 October 2026 close (₹1,020.00 a share): a market capitalisation of ₹64,005 crore divided by consolidated net profit of ₹1,664 crore over the last four quarters (Q3 FY26 to Q2 FY27). On FY26 net profit (₹1,691 crore) it is 37.9.
Havells India's debt-to-equity ratio was 0.00 on 30 September 2026: no borrowings against total equity of ₹9,785 crore. A year earlier, on 30 September 2025, it was 0.00.
Havells India's net worth — shareholders' equity in its consolidated balance sheet — was ₹9,773 crore on 30 September 2026, up 12.7% from ₹8,671 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹64,005 crore at the 29 October 2026 close.
Havells India's price-to-book (PB) ratio is 6.55 at the 29 October 2026 close: a market capitalisation of ₹64,005 crore divided by shareholders' equity (book value) of ₹9,773 crore on 30 September 2026. That is a book value of ₹155.74 per share against a share price of ₹1,020.00.
In FY26, Havells India's return on equity (ROE) was 19.0% and its return on capital employed (ROCE) was 18.4%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 18.7% and ROCE 20.1%.
Havells India's book value per share was ₹155.74 on 30 September 2026: shareholders' equity of ₹9,773 crore divided by the 62.75 crore shares in issue, up 12.6% from ₹138.35 a year earlier. The share price at the 29 October 2026 close was ₹1,020.00.
Havells India's market capitalisation was ₹64,005 crore at the 29 October 2026 close: 62.75 crore shares at ₹1,020.00 each.
Yes. Havells India had no borrowings on 30 September 2026 (consolidated balance sheet), and it held ₹1,208 crore of cash, bank balances and current investments.
Havells India's basic earnings per share (EPS) were ₹26.95 in FY26, against ₹23.49 in FY25. Over the last four quarters (Q3 FY26 to Q2 FY27) they add up to ₹26.52.
Havells India's dividend yield is 0.98% at the 29 October 2026 close: dividends of ₹10 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹1,020.00. They were ₹6 on 22 May 2026 and ₹4 on 23 January 2026 (interim).
In 2026, Havells India has declared two dividends totalling ₹10 a share: ₹4 (interim) with record date 23 January 2026 and ₹6 with record date 24 May 2026 and ex-date 22 May 2026.
In FY26, Havells India generated ₹1,572 crore of cash from operations and spent ₹1,484 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹87.5 crore. In FY25 it was ₹749 crore.
Promoters held 59.35% of Havells India on 30 September 2026, unchanged from the previous quarter and down 0.03 percentage points from 59.38% a year earlier, according to the shareholding pattern filed with NSE.
Havells India's latest results are for Q2 FY27 (July–September 2026), filed on 22 October 2026: consolidated net profit ₹350 crore, up 9.6% from ₹319 crore in Q2 FY26; revenue from operations ₹6,432 crore, up 34.6% year on year.
Havells India has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.
On 30 September 2026, Havells India's shares were held by promoters 59.35%, foreign portfolio investors (FII/FPI) 14.47%, domestic institutions (DII) 19.86% (including mutual funds at 9.46%) and retail and other non-institutional investors 6.32%. Over the year, FII holding was down 4.81 percentage points from 19.28% and DII holding was up 4.34 percentage points from 15.52%.
In FY26 (April 2025–March 2026), Havells India's consolidated net profit was ₹1,691 crore, up 14.8% from ₹1,472 crore in FY25, on revenue from operations of ₹22,528 crore (up 3.4%). Over three years, from FY23, net profit was up 57.7%.
In FY26, Havells India earned net profit of ₹1,691 crore on revenue of ₹22,528 crore, against ₹2,672 crore on ₹28,884 crore for Polycab India. Havells India's operating margin was 7.9% (Polycab India 12.5%) and its return on equity 19.0% (Polycab India 24.5%).
On FY26 consolidated figures, against Polycab India, Crompton Greaves Consumer Electricals and Voltas: Havells India's operating margin of 7.9% is the third highest of the four (Polycab India 12.5%, Crompton Greaves Consumer Electricals 8.1%, Voltas 4.0%; peer average 8.2%); its return on equity of 19.0% is the second highest of the four (Polycab India 24.5%, Crompton Greaves Consumer Electricals −7.6%, Voltas 5.8%; peer average 7.6%); its revenue growth over three years of 10.0% a year is the third highest of the four (Polycab India 27.0% a year, Crompton Greaves Consumer Electricals 5.6% a year, Voltas 14.5% a year; peer average 15.7% a year).
From Havells India's own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.