Havells Complete Financial Statements
12 Years of Data
2026 - 2015
In FY2026, Havells (HAVELLS) reported revenue ₹7,015 Cr, net profit ₹723 Cr and EPS ₹11.52, with a net profit margin of 10.3% and ROE of 7.6%. Full financial statements from FY2015 to FY2026 (12 years) — income statement, balance sheet and cash flow in ₹ Crores. Download as Excel or CSV. For live price, earnings ratios and company overview, see Havells stock price NSE.
Complete Financial Data Export
Profitability Ratios
Net Profit Margin
10.31%
2026 data
EBITDA Margin
14.81%
2026 data
Operating Margin
11.00%
2026 data
Return on Assets
4.90%
2026 data
Return on Equity
7.64%
2026 data
Balance Sheet Ratios
Current Ratio
11.29
2026 data
Equity Ratio
64.21%
2026 data
Asset Turnover
0.48
2026 data
HAVELLS Revenue, Net Profit & EBITDA — Year-on-Year Growth
HAVELLS YoY (Mar 2025 vs Mar 2026) — revenue +6.1%, net profit +39.8%, EBITDA +25.8%, expenses +3.3%. Explore HAVELLS true value to estimate fundamental worth using multiple valuation models.
Revenue Growth
+6.1%
Year-over-Year
Net Profit Growth
+39.8%
Year-over-Year
EBITDA Growth
+25.8%
Year-over-Year
Expense Growth
+3.3%
Year-over-Year
Assets Growth
+6.8%
Year-over-Year
Equity Growth
+13.5%
Year-over-Year
Operating Cash Flow Growth
+3.2%
Year-over-Year
Investing Cash Flow Growth
-193.4%
Year-over-Year
Financing Cash Flow Growth
-2.5%
Year-over-Year
HAVELLS Income Statement — Revenue, EBITDA & Net Profit
Havells revenue ₹7,015 Cr, EBITDA ₹1,039 Cr, net profit ₹723 Cr, EPS ₹11.52 (2026) — net profit margin 10.3%. Review Havells P/E valuation to evaluate earnings-based valuation against sector peers.
Periods
₹ Crores
| Particulars | Mar 2026 | Sept 2025 | Mar 2025 | Jun 2025 | Dec 2025 | Sept 2024 | Mar 2024 | Jun 2024 | Dec 2024 | Sept 2023 | Mar 2023 | Jun 2023 | Dec 2023 | Sept 2022 | Mar 2022 | Jun 2022 | Dec 2022 | Sept 2021 | Mar 2021 | Jun 2021 | Dec 2021 | Sept 2020 | Mar 2020 | Jun 2020 | Dec 2020 | Sept 2019 | Mar 2019 | Jun 2019 | Dec 2019 | Sept 2018 | Jun 2018 | Dec 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 7,015 | 4,870 | 6,612 | 5,525 | 5,642 | 4,632 | 5,518 | 5,884 | 4,953 | 3,953 | 4,912 | 4,899 | 4,470 | 3,830 | 4,470 | 4,292 | 4,167 | 3,271 | 3,376 | 2,644 | 3,713 | 2,539 | 2,238 | 1,516 | 3,214 | 2,261 | 2,785 | 2,757 | 2,298 | 2,233 | 2,630 | 2,554 |
| Expenses | 5,976 | 4,341 | 5,787 | 4,940 | 5,117 | 4,164 | 4,807 | 5,234 | 4,463 | 3,527 | 4,338 | 4,432 | 3,981 | 3,499 | 3,906 | 3,883 | 3,704 | 2,793 | 2,831 | 2,255 | 3,224 | 2,038 | 1,973 | 1,352 | 2,665 | 1,997 | 2,440 | 2,438 | 2,004 | 1,934 | 2,290 | 2,225 |
| EBITDA | 1,039 | 530 | 826 | 585 | 525 | 468 | 710 | 650 | 491 | 426 | 574 | 467 | 489 | 331 | 564 | 409 | 463 | 478 | 545 | 390 | 489 | 501 | 265 | 164 | 549 | 263 | 345 | 319 | 294 | 299 | 340 | 329 |
| Operating Profit Margin % | 11.00% | 9.00% | 12.00% | 9.00% | 8.00% | 8.00% | 12.00% | 10.00% | 9.00% | 10.00% | 11.00% | 8.00% | 10.00% | 5.00% | 12.00% | 9.00% | 10.00% | 14.00% | 15.00% | 14.00% | 12.00% | 17.00% | 11.00% | 9.00% | 16.00% | 11.00% | 11.00% | 10.00% | 12.00% | 12.00% | 12.00% | 12.00% |
| Depreciation | 112 | 106 | 110 | 106 | 109 | 95 | 93 | 92 | 104 | 81 | 77 | 76 | 88 | 72 | 71 | 72 | 75 | 62 | 65 | 62 | 66 | 59 | 63 | 60 | 64 | 53 | 39 | 47 | 55 | 40 | 36 | 36 |
| Interest | 10 | 9 | 15 | 9 | 9 | 10 | 18 | 9 | 9 | 9 | 10 | 9 | 10 | 7 | 19 | 10 | 7 | 11 | 24 | 11 | 12 | 17 | 5 | 17 | 15 | 5 | 6 | 5 | 5 | 4 | 3 | 3 |
| Profit Before Tax | 918 | 415 | 701 | 470 | 408 | 363 | 599 | 549 | 377 | 335 | 487 | 382 | 391 | 252 | 474 | 327 | 381 | 405 | 456 | 317 | 411 | 425 | 198 | 87 | 470 | 205 | 299 | 267 | 234 | 255 | 301 | 289 |
| Tax | 194 | 96 | 184 | 122 | 108 | 96 | 153 | 142 | 99 | 86 | 129 | 95 | 103 | 65 | 122 | 84 | 98 | 102 | 153 | 81 | 105 | 99 | 20 | 23 | 119 | 26 | 100 | 90 | 33 | 75 | 90 | 93 |
| Net Profit | 723 | 318 | 517 | 348 | 300 | 268 | 447 | 408 | 278 | 249 | 358 | 287 | 288 | 187 | 353 | 243 | 284 | 302 | 304 | 236 | 306 | 326 | 178 | 64 | 350 | 179 | 199 | 177 | 201 | 180 | 211 | 196 |
| Earnings Per Share (₹) | 11.52 | 5.09 | 8.26 | 5.55 | 4.80 | 4.28 | 7.13 | 6.49 | 4.43 | 3.97 | 5.71 | 4.58 | 4.59 | 2.98 | 5.63 | 3.88 | 4.53 | 4.83 | 4.85 | 3.77 | 4.88 | 5.21 | 2.84 | 1.02 | 5.59 | 2.87 | 3.18 | 2.83 | 3.21 | 2.87 | 3.38 | 3.13 |
HAVELLS Balance Sheet — Assets, Liabilities & Shareholders' Equity
HAVELLS total assets ₹14,746 Cr, total equity ₹9,469 Cr, total liabilities ₹ Cr (2026) — ROE 7.6%.
Years
Annual Data
₹ Crores
| Particulars | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||||
| Total Assets | 14,746 | 13,809 | 12,433 | 11,157 | 10,523 | 8,852 | 7,074 | 7,148 | 6,608 | 5,169 | 4,388 | 4,831 |
| Current Assets | 7,825 | 8,871 | 7,900 | 7,066 | 6,607 | 5,321 | 3,481 | 3,844 | 3,707 | 3,591 | 2,906 | 2,961 |
| Fixed Assets | 5,343 | 4,652 | 3,988 | 3,621 | 3,434 | 3,290 | 3,350 | 2,904 | 2,819 | 1,300 | 1,224 | 1,541 |
| Capital Work in Progress | 443 | 118 | 299 | 166 | 57 | 90 | 86 | 233 | 24 | 12 | 21 | 38 |
| Investments | 888 | 11 | 20 | 201 | 426 | 306 | 0 | 0 | 0 | 162 | 189 | 0 |
| Other Assets | 8,073 | 9,028 | 8,126 | 7,170 | 6,606 | 5,166 | 3,638 | 4,012 | 3,765 | 3,696 | 2,954 | 3,252 |
| LIABILITIES | ||||||||||||
| Total Liabilities | ||||||||||||
| Current Liabilities | 693 | 694 | 703 | 697 | 887 | 899 | 435 | 411 | 341 | 133 | 108 | 696 |
| Non-Current Liabilities | ||||||||||||
| SHAREHOLDERS' EQUITY | ||||||||||||
| Total Equity | 9,469 | 8,341 | 7,447 | 6,626 | 6,003 | 5,176 | 4,312 | 4,198 | 3,737 | 3,286 | 3,043 | 1,818 |
| Share Capital | 63 | 63 | 63 | 63 | 63 | 63 | 63 | 63 | 63 | 63 | 63 | 62 |
| Reserves & Surplus | 9,393 | 8,261 | 7,384 | 6,563 | 5,940 | 5,114 | 4,249 | 4,135 | 3,667 | 3,214 | 2,965 | 1,756 |
HAVELLS Cash Flow Statement — Operating, Investing & Financing
Havells operating cash flow ₹1,572 Cr, investing ₹-895 Cr, financing ₹-694 Cr, net cash flow ₹-17 Cr (2026).
Periods
₹ Crores
| Particulars | March 2026 | March 2025 | March 2024 | March 2023 | March 2022 | March 2021 | March 2020 | March 2019 | March 2018 | March 2017 | March 2016 | March 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | 1,572 | 1,523 | 1,953 | 565 | 1,728 | 660 | 827 | 501 | 1,100 | 767 | 513 | 963 |
| Investing Activities | -895 | -305 | -1,618 | 31 | -760 | -763 | -548 | 185 | -946 | -220 | -121 | -485 |
| Financing Activities | -694 | -677 | -534 | -907 | -547 | 190 | -716 | -318 | -409 | -98 | -621 | -754 |
| Net Cash Flow | -17 | 541 | -199 | -311 | 421 | 87 | -437 | 368 | -255 | 450 | -229 | -277 |