₹1156.4
-3.63% today
· 30d -10.01%
as of 2026-09-04
Price · Daily Candles
“Havells Navigates Volatile Markets with Strong Q4 Profit Surge, DIIs Step Up While FIIs Retreat.”
Havells India reported a significant 39.92% YoY increase in net profit for Q4 2026, reaching ₹723 crore, despite a more modest 2.47% revenue growth to ₹6705 crore. This profit surge is underpinned by a 2.16% increase in OPM percentage. Over the last year, the stock has fallen 21.76%, hitting 24.38% off its 52-week high, but has recovered 6.41% over the past month.
BULL CASE
+Havells reported a strong Q4 2026 net profit increase of 39.92% YoY to ₹723 crore.
+Operating profit for Q4 2026 grew by 24.21% YoY to ₹1026 crore, with OPM increasing by 2.16%.
+DIIs increased their stake by 1.03% QoQ in Q4 2026, reaching 17.73%.
+The 3-year net profit CAGR stands at 16.38%, indicating consistent long-term profitability.
BEAR CASE
−Revenue growth for Q4 2026 was a modest 2.47% YoY, and annual revenue growth was 3.44% YoY.
−The stock is down 21.76% over the last year and currently trades 24.38% below its 52-week high of ₹1621.1.
−FIIs decreased their stake by 1.03% QoQ in Q4 2026, bringing their holding down to 16.94%.
−The company's PE ratio of 45.47 is higher than the sector peer POLYCAB (52.27) and APARINDS (58.2), indicating a relatively high valuation.
⟳ What Changed
₹ Latest Earnings · Q ending 2026-06-30
REVENUE
₹6518 Cr
+19.48% YoY
NET PROFIT
₹290 Cr
-16.64% YoY
OPM
7.92%
-2.67pp YoY
EPS
₹4.63
PE 45.47
Intrinsic value · DCF: N/A — ML model predicts severe Δ FCF compression (h1=-18.2%, h2=-19.3%, h3=-18.3% of mktcap), driving projected FCF negative by year 3 despite healthy current FCF. Treating as forecast outlier rather than reporting a misleading ₹0 valuation. Use the Strategy Fit and ML sections instead.
◇ Sector Position
Havells, with a PE of 45.47 and ROCE of 25.0%, appears more attractively valued than CGPOWER (PE 119.63, ROCE 34.54%) but has a lower ROCE than peers like APARINDS (ROCE 34.1%) and POLYCAB (ROCE 30.94%).
PEERPEROCE %
HAVELLS45.4725.0
+ 2 more peers — sign in to view
ML Forward Growth Predictions 🔒
48
SCORE / 100
Overall
6-axis composite of the sections below.
Performance
UNDERPERFORMER
20
Valuation
FAIR
40
Growth
STEADY
65
Profitability
DECENT
62
Technicals
WEAK
33
Risk
LOW
70
Key Stats
TTM PE
45.47
P/B
8.13
52W HIGH
₹1621.1
OFF HIGH
-28.67%
DIV YIELD
1.02%
MKT CAP
₹72301 Cr
◉ Active Signals
MACDBearish-13.5873
RSI(14)Bullish28.18
Near 52W LowBearish2.92
Street Consensus
36 analysts₹1451.58
mean target
Low ₹1171.0Now ₹1156.4High ₹1669.0
⧉ Strategy Fit 🔒