Havells India Limited (HAVELLS.NS) stock analysis

In our weekly check, Havells India Limited is graded B (A to F). Of 24 checks on debt, profit, cash flow and trend: 17 pass, warnings: 4, red flags: 3.

About Havells India Limited

Havells India Limited is an Industrials company (Electrical Equipment & Parts) based in India, listed on NSE as HAVELLS.NS.

What our checks show for HAVELLS.NS

Red flags

• Profits not backed by cash
• The stock has fallen as much as 85% from a peak. Would you have held through that?
• Pay in shares equals 0% of free cash flow: it dilutes shareholders.

Warning signs

• The net margin fell by 2.1 points over 5 years, to 6.6%: the company keeps less of each sale as profit.
• The net margin is only 6.6%: little room if costs rise.
• Free cash flow is only 0% of revenue.
• The price is 38.2 times earnings (P/E): the market already pays for a lot of future growth.

Strengths

• Debt is low: 0.02x equity.
• Operating profit covers interest 58.5 times over.
• Analysts expect earnings per share to grow about 14% a year over the next years.
• Earnings per share grew 15.7% a year over the last 3 years.
• Net profit grew 15.8% a year over the last 3 years.
• Beta 0.23: the stock usually moves less than the market.

Next earnings report: 2027-01-21

Similar companies

APARINDS.NS · ENRIN.NS · GVT&D.NS · 6506.T · KEI.NS · POLYCAB.NS

Questions

What grade does Havells India Limited (HAVELLS.NS) have?

In our weekly check, Havells India Limited is graded B (A to F). Of 24 checks on debt, profit, cash flow and trend: 17 pass, warnings: 4, red flags: 3. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of HAVELLS.NS stock?

This week's biggest flags for Havells India Limited: Profits not backed by cash, Deep past fall, Heavy stock pay. In total 7 of 24 checks show a warning or a red flag.

What does Havells India Limited do?

Havells India Limited is an Industrials company (Electrical Equipment & Parts) based in India, listed on NSE as HAVELLS.NS.

When does Havells India Limited report earnings next?

The next earnings report is expected on 2027-01-21. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-31

Open the full analysis