Havells India Ltd
About
Havells India Limited is an Indian fast moving electrical goods (FMEG) company with a portfolio spanning commercial, residential, and industrial use. Havells is able to cater to the needs of various market segments with its 6 major brands - Havells, Havells Studio, Lloyd, Havells Crabtree, Standard Electricals and REO. The company produces fans, lighting, switches, home electricals and appliances, switchgears, smart home applications, and personal grooming items for its consumers. For commercial and industrial use, Havells offers switchgears and control gears, power quality solutions, heavy duty fans, cables, motors, professional lighting, and solar solutions. With the support of 15 manufacturing plants located in Rajasthan, Himachal Pradesh, Karnataka, Andhra Pradesh, Haryana, and Uttarakhand, Havells manufactures approximately 90% of its products in-house.
Featured In Fortune India Ranking
Financial Data 2024
Fortune India Coverage
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 18596 4.2% | 17842 24.6% | 14318 28.1% | 11176 19.1% | 9381 -10.2% | 10447 21.7% | 8585 33.7% | 6419 -26.0% | 8670 -4.3% | 9055 2.3% | 8851 11.5% | 7941 11.8% | 7101 14.9% | 6183 13.4% | 5453 2.9% | 5297 - |
| Net Operating Income (INR Cr) | 18590 9.93% | 16911 21.32% | 13938 33.29% | 10457 10.77% | 9440 -6.29% | 10073 24.11% | 8116 31.85% | 6156 -19.14% | 7613 -16.42% | 9108 4.85% | 8687 12.55% | 7718 12.29% | 6873 16.46% | 5902 8.76% | 5427 -0.96% | 5479 9.59% |
| Profit (INR Cr) | 1271 18.6% | 1072 -10.4% | 1196 14.6% | 1044 42.0% | 735 -6.6% | 788 18.9% | 662 33.9% | 495 -62.0% | 1300 237.4% | 385 -13.7% | 446 -23.2% | 581 57.2% | 370 21.9% | 304 336.4% | 70 - | -160 - |
| Assets (INR Cr) | 7853 12.2% | 6997 4.4% | 6704 14.3% | 5863 29.4% | 4532 4.3% | 4346 11.4% | 3900 11.2% | 3509 9.9% | 3192 19.7% | 2668 -15.3% | 3149 13.7% | 2770 19.1% | 2326 13.1% | 2056 40.2% | 1467 -20.4% | 1843 - |
| Net Worth (INR Cr) | 7447 12.4% | 6625 10.4% | 6003 16.0% | 5176 20.1% | 4312 2.7% | 4198 12.6% | 3729 13.8% | 3277 8.2% | 3028 66.5% | 1818 9.1% | 1666 15.5% | 1442 50.9% | 956 46.2% | 654 63.8% | 399 -35.1% | 615 -11.0% |
| Employee Cost (INR Cr) | 1549 20.8% | 1282 25.6% | 1021 14.6% | 891 -1.8% | 907 7.7% | 842 27.6% | 660 29.6% | 509 -43.2% | 896 -24.6% | 1188 9.3% | 1087 21.6% | 894 14.5% | 781 23.5% | 632 -16.9% | 760 -10.1% | 845 - |
| Interest Cost (INR Cr) | 84 | 55 | 67 | 90 | 51 | 16 | 25 | 13 | 91 | 96 | 102 | 123 | 128 | 90 | 98 | 125 |
| Cash & Bank Balance (INR Cr) | 3038 | 1870 | 2548 | 1653 | 1133 | 1311 | 1562 | 1974 | 1468 | 777 | 882 | 474 | 234 | 178 | 148 | 247 |
| Total Debt (INR Cr) | 303 | 223 | 616 | 521 | 72 | 95 | 115 | 208 | 134 | 424 | 1054 | 982 | 1027 | 1117 | 1066 | 1228 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 6.8% | 6.0% | 8.4% | 9.3% | 7.8% | 7.5% | 7.7% | 7.7% | 15.0% | 4.3% | 5.0% | 7.3% | 5.2% | 4.9% | 1.3% | - |
| Profit As % Of Assets | 16.2% | 15.3% | 17.9% | 17.8% | 16.2% | 18.1% | 17.0% | 14.1% | 40.7% | 14.5% | 14.2% | 21.0% | 15.9% | 14.8% | 4.7% | - |
| Profit As % Of Networth | 17.1% | 16.2% | 19.9% | 20.2% | 17.1% | 18.8% | 17.8% | 15.1% | 43.0% | 21.2% | 26.8% | 40.3% | 38.7% | 46.4% | 17.4% | - |
| Interest Cost to EBITDA % | 4.5% | 3.7% | 3.8% | 5.7% | 4.9% | 1.4% | 2.5% | 1.9% | 12.0% | 12.7% | 13.3% | 18.3% | 19.5% | 17.1% | 30.9% | 144.7% |
| Debt to Equity Ratio | 0.04 | 0.03 | 0.10 | 0.10 | 0.02 | 0.02 | 0.03 | 0.06 | 0.04 | 0.23 | 0.63 | 0.68 | 1.07 | 1.71 | 2.67 | 2.00 |
| RONW | 18.1% | 17.0% | 21.4% | 22.0% | 17.3% | 19.9% | 18.9% | 18.0% | 23.4% | 22.1% | 28.7% | 33.5% | 46.0% | 57.7% | 13.7% | - |
| ROCE | 24.1% | 21.9% | 26.6% | 29.4% | 21.5% | 28.2% | 26.8% | 25.3% | 25.7% | 22.9% | 23.5% | 22.6% | 27.6% | 28.2% | 15.8% | 10.8% |