Havells Share Price

Havells India Limited (Havells) is a leading fast-moving electrical goods (FMEG) company in India, primarily engaged in the manufacturing, trading, and sale of consumer electrical and electronic products. The company supplies a comprehensive range of products including switches, switchgears, cables, wires, lighting fixtures, fans, water heaters, and air conditioners to both residential and industrial consumers. Havells operates a vast network of manufacturing plants and a pan-India distribution network, making it one of India’s largest electrical equipment companies. The Havells share price today on the NSE and BSE is a reflection of how market participants respond to a performance and broader business developments within its industry. It captures the company’s sentiment of the investors based on financial results, operational updates, macroeconomic factors, and trends specific to sectors. Movements in the share price͏ reveal how the market evaluates the company’s current position and its future prospects, making ͏it a key indicator of market perception across various industries.

Market sentiment around the Havells price often mirrors shifts in consumer spending patterns, demand from the housing and infrastructure sectors, and investor views on the consumer durables sector’s growth prospects. Factors such as the pace of distribution network expansion, competitive intensity from other FMEG players, raw material price fluctuations, and government policies on energy efficiency influence near-term market valuation and medium-term earnings forecasts. All these factors must be closely monitored to have an idea about the Havells price movements.

Havells live share price provides real-time information about the last price traded, bid price, ask price, and volume traded. These indicators represent trading activity and liquidity and the reaction of investors to corporate announcements, quarterly results, and sector news. Constant monitoring of Havells live price helps observe short-term price fluctuations and understand how the stock is moving in relation to the broader market.

Furthermore, monitoring the Havells price today helps investors understand real-time market sentiment, price volatility, and trading behaviour. It allows market participants to evaluate short-term performance, identify possible entry or exit points, and respond to news, quarterly results or sector trends that may affect the company’s valuation and overall investment outlook.

Havells India Limited Company Fundamentals

a. Company Background

Havells India Limited was incorporated in 1983. The company’s registered office is located in New Delhi, Delhi. The company was originally incorporated as Havell’s India Private Limited on August 8, 1983 under the Companies Act, 1956, and subsequently the name was changed to Havell’s India Limited vide certificate dated March 31, 1992. The company started its operations by producing miniature circuit-breakers and distribution boards in 1984. The company’s primary activity involves the manufacturing, trading, and sale of a wide range of consumer electrical and electronic products. It initially focused on establishing a manufacturing base in India before gradually expanding its product portfolio through organic growth and acquisitions. Havells supplies electrical products to both domestic and industrial consumers under multiple brands including Havells, Havells Studio, Lloyd, Havells Crabtree, Standard Electricals and REO. The company has played a pivotal role in promoting energy-efficient electrical products in India. Over the years, Havells has significantly expanded its manufacturing capabilities, now operating 15 state-of-the-art manufacturing plants across India. It operates in a highly competitive environment, with brand reputation and product innovation governing its market position. The company has consistently focused on enhancing its product quality and distribution network to meet the growing demand for electrical and consumer durable products.

b. Product Lines

• Switches and switchgears including modular switches, miniature circuit-breakers (MCBs), distribution boards and capacitors for domestic and industrial applications

• Cables and wires including flexible and power cables, multicore round cables, flat submersible cables, LAN cables, CCTV cables and speaker cables

• Lighting and fixtures including LED lamps, luminaires, professional lighting solutions and the LUMENO range of LED lamps

• Electrical consumer durables including ceiling fans (including BLDC fans like Epic Pro), water heaters, air purifiers, mixer grinders, induction cooktops and water purifiers

• Lloyd Consumer products including air conditioners, refrigerators, televisions, washing machines and other home appliances under the Lloyd brand

• Integrated automation and control solutions under the premium brand Crabtree in association with one of the world’s leading automation companies

• Industrial motors and pumps for commercial and industrial use

• Solar power solutions and power quality products

• Personal grooming items for consumers

• Smart home applications and home advisor products

c. Company Revenue Model

• Primary revenue from sale of switchgears including domestic and industrial circuit protection devices and electrical wiring accessories

• Revenue from sale of cables including domestic cables and industrial underground cables

• Revenue from lighting and fixtures including LED lamps and professional lighting solutions

• Revenue from electrical consumer durables including fans, water heaters, and other home electrical appliances

• Revenue from Lloyd Consumer products including air conditioners, refrigerators, televisions, and washing machines

• Volume-driven revenue based on quantity of electrical products sold across all business segments

• Pricing determined by raw material costs (copper, aluminum, plastic), brand positioning, and market demand

• Expanding distribution network contributing to new customer acquisition and revenue streams across rural and urban markets

• Focus on increasing share of wallet with existing customers through product innovation and brand loyalty

• Investment in manufacturing capacity to drive higher production volumes and economies of scale

• Revenue from both domestic sales across India and export markets internationally

• Seasonal variations in demand for fans (summer), water heaters (winter), and air conditioners affecting revenue patterns

• Government energy efficiency policies and consumer spending cycles influencing revenue stability

d. Geographic Presence

• Headquartered in Noida, Uttar Pradesh with registered office at 904, 9th Floor, Surya Kiran Building, K.G. Marg, Connaught Place, New Delhi-110001

• Operates 15 state-of-the-art manufacturing plants in India located in Alwar, Neemrana, Ghiloth (Rajasthan), Baddi (Himachal Pradesh), Tumakuru (Karnataka), Sri City (Andhra Pradesh), Faridabad (Haryana), and Haridwar (Uttarakhand)

• Strong distribution network with a solid presence in rural and urban markets across all states of India

• Serves customers across six continents with exports to international markets

• Key brands include Havells, Havells Studio, Lloyd, Havells Crabtree, Standard Electricals and REO catering to various market segments

• Research and development facilities located at Noida (Uttar Pradesh), Bangalore (Karnataka), and Ghiloth (Rajasthan)

• Focus on expanding distribution footprint into new geographical areas across India

• Operations primarily concentrated in India with a strong domestic manufacturing and distribution network

e. Key Milestones

• 1958: Qimat Rai Gupta founded the business by starting to sell electrical goods in Delhi

• 1971: Acquired the Havells brand of switchgear manufacturer to rebuild the business

• 1983: Incorporated as Havell’s India Private Limited on August 8, 1983

• 1984: Started operations by producing miniature circuit-breakers (MCBs) and distribution boards

• 1992: Name changed from Havell’s India Private Limited to Havell’s India Limited on March 31, 1992

• 2001: Launched Initial Public Offering (IPO) and entered the stock market

• 2016: Announced foray into integrated automation and control solutions under Crabtree brand

• 2024: Introduced first Made in India Heat Pump Water Heater offering up to 75% energy savings

f. Industry Perspective

Havells India Limited operates in the consumer electrical goods and fast-moving electrical goods (FMEG) industry, which is part of India’s consumer durables sector. Globally, the electrical equipment market was valued at approximately USD 1.2 trillion in 2024, with the Asia-Pacific region being the largest market, accounting for around 45% of global demand. The global consumer electrical goods market is projected to grow at a CAGR of approximately 6.2% from 2025 to 2030, driven by urbanization, rising disposable incomes, and increasing electrification. In India, the FMEG sector is poised for substantial growth as the nation experiences rapid urbanization and infrastructure development. According to industry reports, the Indian electrical equipment market was valued at USD 45 billion in 2024 and is projected to reach USD 75 billion by 2028, growing at a CAGR of 13% during this period. The switchgear segment constitutes approximately 25% of the total electrical equipment market in India, while cables and wires account for 30% and fans and lighting account for 20%. The government aims to increase the share of energy-efficient appliances in India from 30% to 60% by 2027 under the Standards and Labelling program. The FMEG sector currently contributes to 8% of India’s total manufacturing output, with production having grown at a CAGR of 10-12% over the past five years. Demand is driven by government initiatives (Unnat Jyoti by Affordable LEDs for All – UJALA, Production Linked Incentive Scheme for White Goods), the expansion of organized retail (expected to reach 30% penetration by 2027), and increasing rural electrification (targeting 100% household electrification). Key challenges include raw material price volatility (copper, aluminum, plastic), intense competition from unorganized players, and technological disruption from smart home products.

Havells India Limited Stock Market Presence: Listings & Index Representation

Havells India is actively traded on India’s principal equity markets, with its shares listed on the National Stock Exchange of India (NSE) under the symbol HAVELLS and on the Bombay Stock Exchange (BSE) with the scrip code 517354. Its listing on both exchanges ensures that the Havells price is accessible to a wide investor base, encompassing both retail and institutional market participants. The company forms part of several benchmark indices that represent broad market segments. Havells India is included in indices such as Nifty 50, Nifty 100, Nifty 200, Nifty 500, Nifty Consumer Durables, and Nifty LargeMidcap 250 on the NSE. On the BSE, the company is a constituent of indices including BSE 100, BSE 200, BSE 500, BSE 100 ESG Index, BSE 100 LargeCap TMC Index, BSE 250 LargeMidCap Index, BSE Consumer Durables, and S&P BSE 500. Being represented in multiple indices enhances the visibility and liquidity of the Havells price, as index tracking funds and exchange traded strategies often adjust allocations in line with constituent revisions. It also allows investors to benchmark the company’s stock performance relative to broader market trends and peer groups, facilitating cross sectional comparisons within India’s consumer durables landscape. The inclusion of Havells India in these indices reflects its market capitalisation and trading depth, which are key factors market participants consider when evaluating long term investment prospects and the responsiveness of the Havells price to corporate and industry developments. The company’s ISIN code is INE176B01034 and face value is ₹1 per share.

Havells India Limited Stock Performance and Share Price History

The Havells price has exhibited significant volatility over the past decade, shaped by the company’s leadership in India’s FMEG sector and broader consumer durable industry cycles. The Havells share price recorded a negative total return of approximately 9.36% over the last 1 year, underperforming broader market indices and reflecting near-term headwinds including increased competitive pressures and raw material cost inflation. The Havells share price delivered a 10-year total return of approximately 7.72% CAGR, demonstrating moderate long-term wealth creation despite recent underperformance. The Havells share price reached a 52-week high of 1,673.80 and a 52-week low of 1,142.50, indicating a wide trading range and substantial price fluctuations. The Havells share price recorded a strong rally in previous years, delivering substantial positive returns, while the subsequent period has seen the Havells stock price moderate and correct from its peak levels. The Havells share price has shown a 1-month return of approximately -8.83% and a 3-month return of -3.52%, indicating recent consolidation.

The Havells price has been particularly responsive to quarterly earnings releases and corporate announcements. When the company reported a 14.2% year-on-year revenue growth in Q3 FY26, the Havells stock price showed a positive reaction. The Havells price has shown a pattern of strong positive momentum in years when the company’s earnings exceeded expectations, while periods of earnings moderation or concerns over raw material inflation have contributed to consolidation in the Havells stock price. Corporate developments, including strategic announcements such as the launch of the first Made in India Heat Pump Water Heater and the expansion of the Lloyd consumer products portfolio, have also influenced short-term fluctuations in the Havells price. The Havells share price has shown a 5-year return of approximately 3.23% CAGR, while the 3-year return stands at -17.77% CAGR, reflecting the volatility in the stock. The Havells share price reached its 52-week high of 1,673.80 before declining to its 52-week low of 1,142.50, reflecting the volatility inherent in the consumer durables space. The Havells share price has shown a year-to-date return of -8.83% as of April 2026, indicating continued pressure in the current fiscal year. Comprehending these patterns in the Havells price is instrumental for investors seeking to contextualise long term performance trends vis à vis short term price dynamics, as the Havells stock price movements illustrate how industry fundamentals, government policy cycles, and investor expectations converge in market pricing.

The Havells share price has shown distinct seasonal patterns over the past decade. The stock has historically given mixed returns across different calendar years. In terms of annual performance, the Havells share price delivered its strongest performance in earlier years, while the stock recorded negative annual returns in recent years. The Havells share price has shown annual returns of -20.90% in 2025 (1-year return as of Sep 2025), 132.89% over 5 years, and 16.41% CAGR over 10 years. The stock recorded positive returns in the majority of the past ten years but has underperformed in the last 2-3 years. The Havells share price has demonstrated that the stock tends to perform better in periods of strong consumer demand and stable raw material prices, while underperforming during phases of inflationary pressure and intense competition from peers like Polycab India. The Havells stock price has shown a 1-year return of -24.11% according to some sources. The Havells stock price has shown continued weakness in the current trading period, reflecting the ongoing challenges in the consumer durables sector.

Havells India Limited Investor Relevance and Role in Portfolio

Havells India holds a significant position for portfolio investors who seek exposure to India’s consumer durable sector with a focus on the electrical goods segment. The company’s strong presence in switches, switchgears, cables, fans, lighting, and consumer appliances aligns it with investment strategies that value urban infrastructure and rising household consumption. The Havells share price often mirrors how these themes resonate with investor portfolios, whereby both thematic and sector specific funds monitor consumer spending indicators and raw material price trends when evaluating allocation decisions.

Institutional stakeholders play a significant role in Havells India’s ownership profile, with notable long term investment entities such as QRG Investments and Holdings Limited (promoter group), Life Insurance Corporation of India, and various foreign institutional investors among key shareholders identified in institutional holdings data. Mutual fund holders of Havells India encompass those that seek consumer durable and electrical goods exposure, including multiple mutual funds that have increased their holdings from 6.42% to 6.77% in the December 2025 quarter. A total of 99 mutual funds bought Havells shares in January 2025, while 35 mutual funds sold, resulting in a net change of 2,283,361 stocks. The Havells share price has shown strong institutional participation, with Foreign Institutional Investors (FIIs) holding 17.97% and Domestic Institutional Investors (DIIs) holding 9.93%. The Havells stock price’s beta reflects that the company’s essential product nature and established brand presence may provide some stability, though the consumer durables sector remains sensitive to input cost fluctuations and demand cycles.

Based on data, Havells India exhibits varying levels of beta and volatility across different measurement periods. The long-term beta stands at 1.12, indicating that the stock is generally more volatile than the broader market over an extended period. Based on data, the daily-one month beta is near neutral, while the daily-three month beta shows moderate correlation. The weekly-one year beta is 1.77, showing above-market sensitivity, while the weekly-two year beta shows moderate fluctuations. Based on data, the 2 week-two year range beta stands at 0.71, and the monthly-two year beta is 0.28, indicating lower volatility in longer time frames. Supporting statistics include mean values across different periods: long-term mean 1618.90, daily-one month mean 1424.83, daily-three month mean 1449.42, weekly-one year mean 1515.28, weekly-two year mean 1611.16, 2 week-two year mean 1618.90, and monthly-two year mean 1619.37. Standard deviations range from 1.06 to 6.32 across periods: daily-one month 1.08, daily-three month 1.06, weekly-one year 3.22, weekly-two year 3.47, 2 week-two year 4.93, monthly-two year 6.29. Overall, Havells India demonstrates a mixed volatility profile with weekly volatility of approximately 3% that has been stable over the past year.

The Havells share price has shown periods of heightened responsiveness to sector-specific news and quarterly earnings releases. The Havells stock price’s beta reflects that the company’s strong brand equity and established distribution network may provide some stability, though the consumer electrical sector remains sensitive to raw material price fluctuations and competitive dynamics.

Havells India Limited Sectoral Relevance and Peer Positioning

The sector relevance of Havells India is anchored in its role within the broader Indian consumer electrical goods and fast-moving electrical goods (FMEG) industry, where it competes with other electrical equipment manufacturers and consumer durable companies. As part of this industry, the company’s strategic positioning connects switches, switchgears, cables, fans, lighting, and consumer appliances for residential and industrial users. Competitors in the FMEG and consumer durables segment include companies such as Polycab India Limited, Voltas Limited, Blue Star Limited, Dixon Technologies (India) Limited, LG Electronics India Limited, Crompton Greaves Consumer Electricals Limited, Orient Electric Limited, RR Kabel Limited, Exide Industries Limited, CG Power and Industrial Solutions Limited, Amara Raja Energy & Mobility Limited, HPL Electric & Power Limited, and V-Guard Industries Limited. Firms with parallels in either product portfolio scale or distribution reach are often referenced when evaluating relative performance and operational positioning within the sector.

In valuation terms, factors like the Havells P/E ratio have shown variations over different periods. The mean historical PE Ratio of Havells India over the last ten years is 55.73, with the current PE Ratio of 53.68 having changed 9.53% with respect to the historical average. Periods when investors perceived improvements in profitability or earnings sustainability have corresponded with expansion in valuation multiples, whereas phases of moderation in earnings momentum or industry cyclicality have seen valuation contraction. Havells earnings have shown a trajectory of consistent growth over the analysed period, responding to both volume growth and margin improvements. Havells market cap has fluctuated in line with investor perceptions of the company’s growth potential in a competitive and evolving consumer durable market.

Over years, the Havells market cap has followed a pattern of steady growth followed by moderation. From fiscal year 2016 onwards, the company’s market cap showed an increasing trend, reflecting strong investor confidence. The market cap increased from lower levels to approximately ₹80,092 crore as of April 2026, with a peak market cap of ₹86,869 crore on the NSE. The market cap has seen its market value grow from ₹57,352 crore to ₹95,774 crore since 2020, representing a total increase of 66.99% and an annual compound growth rate (CAGR) of 12.31%. This increase mirrors the rise in the Havells share price and the broader performance of the consumer durables sector relative to broader market indices.

Havills earnings over the past ten years has been characterised by a period of consistent growth. Net income showed a generally increasing trend, with reported net profit rising from ₹735 crore in earlier years to ₹1,044 crore, ₹1,196 crore, ₹1,072 crore, and reaching ₹1,271 crore in FY24. In 2025, profit amounted to ₹1,466 crore, a 15.37% increase from the ₹1,271 crore profit recorded in the previous year. This recent earnings growth reflects the impact of volume expansion, product mix improvement, and operational efficiencies on the company’s profitability.

Havills EPS has shown an increasing trend over the majority of the past decade, indicating a strong financial track record. The diluted EPS growth rate has shown variation, with basic EPS of ₹23.49 as of March 2025. The TTM EPS stood at ₹23.68 as of recent data. Over a ten-year period, the company demonstrated consistent improvement in EPS, with average earnings per share growth of approximately 10.36% per year over the past 12 years. In recent years, EPS showed a pattern of steady growth, with Q3 EPS at ₹4.60 and TTM EPS continuing to show positive momentum. The highest EPS growth periods coincided with strong consumer demand and stable raw material costs.

The Havells P/E ratio has shown fluctuations over the ten-year period. At the end of recent fiscal years, the P/E ratio varied, with 2021 at higher levels, and moderating in subsequent years. The P/E ratio reached 63.7 at the end of 2025, compared to lower levels in previous years. The mean historical P/E ratio over the last ten years is 55.73. The current P/E ratio stands at 53.68 to 58.80 compared to the historical average, reflecting that investor expectations are adjusting to near-term earnings headwinds. The Havells share price has been influenced by these valuation metrics. The Havells stock price continues to be evaluated in the context of its earnings potential and market position.

Summary

Havills India Limited is a leading consumer electrical goods company listed on both the NSE and BSE, where the Havells share price reflects consumer spending cycles, raw material price trends, and brand strength within the FMEG sector. Its representation in multiple stock indices supports market visibility, while investor interest is shaped by earnings trends, valuation narratives, and broader consumption themes. Within the sector, the company’s competitive context and earnings dynamics provide key perspectives on its role in India’s electrical goods market.