Havells India Limited (NSE:HAVELLS)

Havells India Ratios and Metrics

Market cap in millions INR. Fiscal year is April - March.

Total Valuation

Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 16, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Market Capitalization	685,297	746,812	958,531	949,566	744,607	721,846
Market Cap Growth	-32.34%	-22.09%	0.94%	27.53%	3.15%	9.78%
Enterprise Value	664,663	735,224	930,120	929,152	726,904	701,989
Last Close Price	1092.00	1184.69	1510.87	1488.52	1161.08	1118.51

Price Ratios

Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 16, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
PE Ratio	41.97	44.18	65.11	74.72	69.48	60.33
Forward PE	38.58	41.04	54.93	61.26	52.89	51.79
PS Ratio	2.90	3.32	4.40	5.11	4.40	5.18
PB Ratio	7.24	7.89	11.49	12.75	11.24	12.03
P/TBV Ratio	8.65	9.43	13.85	15.66	14.24	15.73
P/FCF Ratio	782.84	853.11	126.61	81.38	-	49.12
P/OCF Ratio	43.59	47.51	62.94	48.62	131.80	41.77
PEG Ratio	2.71	2.66	2.77	3.24	3.06	2.70

EV Ratios

Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 16, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
EV/Sales Ratio	2.82	3.26	4.27	5.00	4.30	5.04
EV/EBITDA Ratio	30.57	34.69	45.09	52.60	47.17	41.01
EV/EBIT Ratio	38.11	41.34	53.01	61.77	55.78	46.77
EV/FCF Ratio	759.27	839.87	122.86	79.63	-	47.76

Financial Efficiency

Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 16, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Debt / Equity Ratio	0.03	0.03	0.04	0.04	0.03	0.10
Debt / EBITDA Ratio	0.12	0.12	0.15	0.17	0.14	0.35
Debt / FCF Ratio	-	3.03	0.42	0.26	-	0.42
Net Debt / Equity Ratio	-0.22	-0.22	-0.36	-0.36	-0.27	-0.35
Net Debt / EBITDA Ratio	-1.01	-0.98	-1.47	-1.54	-1.18	-1.22
Net Debt / FCF Ratio	-	-23.72	-4.02	-2.33	79.43	-1.42
Asset Turnover	-	1.58	1.66	1.58	1.56	1.44
Inventory Turnover	-	3.54	3.88	3.49	3.50	3.35
Quick Ratio	-	0.69	0.97	0.99	0.82	0.97
Current Ratio	-	1.71	1.86	1.84	1.84	1.82
Return on Equity (ROE)	-	18.97%	18.63%	18.06%	16.97%	21.40%
Return on Assets (ROA)	-	7.79%	8.36%	7.97%	7.51%	9.68%
Return on Invested Capital (ROIC)	17.75%	21.43%	25.85%	23.48%	22.11%	28.80%
Return on Capital Employed (ROCE)	-	17.50%	19.40%	18.50%	17.80%	21.80%

Yields

Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 16, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Earnings Yield	2.38%	2.26%	1.54%	1.34%	1.44%	1.66%
FCF Yield	0.13%	0.12%	0.79%	1.23%	-0.03%	2.04%
Dividend Yield	0.83%	0.84%	0.66%	0.60%	0.65%	0.67%
Payout Ratio	-	37.09%	42.58%	36.99%	43.88%	34.04%
Buyback Yield / Dilution	-0.18%	-0.07%	-0.05%	-0.03%	-0.04%	-0.04%
Total Shareholder Return	0.66%	0.78%	0.61%	0.57%	0.60%	0.63%

Data Source: S&P Global Market Intelligence Last updated: Jul 17, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Sep 17, 2026

Data Sources Report a data error