Havells India Ltd.
HAVELLS · NSE · Industrials
With a 20% margin of safety, our buy-below price is ₹1,043.56.
Piotroski F-score 4/9 — quality of earnings & balance sheet.
Investability checklist
- ✓ROE above 15%19.0%
- ✓Low debt (D/E < 0.5)0.03x
- ✕Positive free cash flow
- ✕Revenue growth > 10%3%
- ✓Earnings growing40%
- ✕Net margin ≥ 10%7.5%
- ✓Current ratio > 1.51.71
- ✓Below our fair value
- ✕Margin of safety ≥ 20%
- ✕Above 200-day average
- ✕Above 50-day average
- –Positive 1-year return
- ✓Altman Z in safe zoneZ 10.94
- ✕Piotroski ≥ 74/9
1-year price
EOD · 2026-06-15Our scores
Key fundamentals
SWOT snapshot
Strengths
- •Strong return on equity (19.0%).
- •Lightly leveraged balance sheet.
- •Financially solid — Altman Z 10.94.
Weaknesses
- •Price below its 200-day moving average (downtrend).
Opportunities
- •Earnings growing (40% YoY).
- •Trading in our value buy zone versus sector peers.
About Havells India Ltd.
Havells India Limited, a fast-moving electrical and electronic durables company, manufactures, trades in, and sells various consumer electrical and electronic products in India and internationally. The company operates through six segments: Switchgears, Cables, Lighting and Fixtures, Electrical Consumer Durables, Lloyd Consumer, and Others. It offers switches; switchgears, such as circuit breakers, energy savers, human safety equipment, distribution boards, surge protection d
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Our verdict, fair value, financial-health and checklist are StocksWizard's own estimates, computed from public end-of-day data using standard models (DCF, relative valuation, Altman Z, Piotroski). For information only — not investment advice or a recommendation. Verify independently before investing.