Havells India DuPont analysis

Profitability Growth Credit Liquidity Working capital Dividend yield DuPont CAGR

Per cent unless marked ×

Tap a line for its trend	Last 12Mto Sep 2026	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus

5-step DuPont — ROE = tax burden × interest burden × EBIT margin × turnover × leverage						FY22 and earlierEvery year the company has filed comes with Alpha Plus.
	0.77×	0.77×	0.74×	0.74×	0.74×
	1.19×	1.23×	1.15×	1.14×	1.11×
	7.2%	7.8%	7.9%	8.1%	7.7%
	1.58×	1.58×	1.66×	1.58×	1.56×
	1.51×	1.56×	1.66×	1.67×	1.68×
	15.7%	18.5%	18.6%	18.0%	16.6%
	19.0%	19.0%	18.7%	18.0%	17.0%

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From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

alphave

HAVELLS₹1,031.40

Havells India Ltd.

· Consumer Goods

₹ CrorePeersPOLYCAB CROMPTON VOLTAS BLUESTARCO DIXON KALYANKJIL LGEINDIA TITANMcap ₹64,699 Cr

Profitability Growth Credit Liquidity Working Capital Yield Analysis DuPont

Ratios — % unless marked × 12 Months Ending	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Last 12M 30/09/2026
5-Step DuPont — ROE = Tax Burden × Interest Burden × EBIT Margin × Turnover × Leverage
Tax Burden (Net Income/Pretax) ×	0.74	0.74	0.74	0.77	0.77
Interest Burden (Pretax/EBIT) ×	1.11	1.14	1.15	1.23	1.19
EBIT Margin %	7.70	8.09	7.95	7.85	7.19
Asset Turnover ×	1.56	1.58	1.66	1.58	1.58
Financial Leverage (Assets/Equity) ×	1.68	1.67	1.66	1.56	1.51
ROE (5-step product, year-end total equity) %	16.65	18.03	18.55	18.45	15.68
ROE (owners' profit / average owners' equity) %	16.97	17.99	18.67	19.02	19.02

No consensus estimates → no Est columns. Click any row to chart it.

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Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.