Havells India (HAVELLS) Financial Ratio Screen

NSE Industrials India INR 653605M
FINANCIAL SCREEN PASSED*
Automated financial screen · activity assessed separately
Havells India (HAVELLS) passes all available checks in 2 implemented financial-ratio model(s). Its activity assessment is still in progress; this is not a Shariah verdict. Its debt proxy is 1.8% against the model threshold of 30%. The supplied classification is Industrials (Electrical Equipment & Parts); mixed activities and revenue segments remain part of the activity assessment.

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MSCI new-inclusion financial-ratio snapshot

HAVELLS financial screening at a glance

FINANCIAL SCREEN PASSED*Financial ratios shown separately from business review — not a fatwa
Debt ratio
1.8%
Pass vs 30%
Cash ratio
15.9%
Pass vs 30%
Receivables + cash
11.1%
Pass vs 30%
Impermissible income
0.6%
Pass vs 5%

Calculation date: 2026-10-15. Financial period used: March 2026. The ratios are automated proxies inspired by published methodologies; they are not official index determinations.

Independent method comparison

What the available screens say

How MSCI, FTSE and S&P-style screens differ
Request this stock review
MSCI-styleFinancial criteria passedActivity is assessed separately
FTSE/Yasaar-styleFinancial criteria passedActivity is assessed separately
S&P-style provisionalNot yet availableRequired denominator or financial data is incomplete
Business activityAssessment pendingFinancial results do not determine business permissibility
Complete screening result: not yet completeA complete result requires both supported financial criteria and adequate activity evidence. This site does not issue a fatwa or official index decision.
Financial periodMarch 2026Calculation date2026-10-15S&P-style historynot availableLast activity reviewnot yet reviewed

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Business activity evidence

Activity assessment in progress

The supplied classification (Electrical Equipment & Parts) is only a starting point. Revenue evidence is being assessed before any complete screening conclusion.

Revenue segments: Not yet checked against an SEC annual filing.

Profile description reviewed: 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 devices, and control and monitoring devices, as well as magnetic contractor, thermal overload relays, switchgear, circuit breakers, and starters; lighting products; and home appliances, including air conditioners, LED televisions, washing machines, refrigerators, air coolers and purifiers, appliances, personal grooming products, water heaters and purifiers, and geysers. The company also provides flexible, power, control, and fire survival cables; fans comprising ceiling, table, pedestal, wall, ceiling mounting, personal, and domestic exhaust fans; centrifugal, mono block, submersible, borewell and sewage submersible, pressure, and shallow well jet pumps; dishwashers; air circulators; and heavy-duty exhaust fans. In addition, it offers crane duty, smoke, brake, inverter duty, and energy motors; solar rooftop on grid, solar off grid, and solar on grid inverter solutions; power solutions, including power capacitors, IOT enabled IPFC relays, HD harmonic detuned reactors, IOT enabled APFC panels, and high PIV thyristor switches; and smart home automation solutions that connects lights, curtains, air conditioners, and other devices to control them through smart phone, tablet or wall panel, as well as smart modular switches and accessories. The company offers its products under the Havells, Lloyd, Havells Crabtree, REO, and Havells Studio brands. Havells India Limited was founded in 1958 and is based in Noida, India.

Sources to verify: Secondary company profile and classification · Issuer website

A sector label or company description can flag a risk but cannot establish a compliant-revenue percentage. Only sourced segment disclosures may support that calculation.

Published-ratio reproductions (not certifications)

The table shows implemented MSCI and FTSE/Yasaar-style asset-based models plus a provisional S&P-style debt and cash reconstruction where a complete 36-month denominator exists. These are independent calculations, not official index results or Shariah determinations. See formulas, sources and limitations.

Based on financial data from March 2026

Standard Debt Ratio Cash Ratio Receivables Income Status
MSCI 1.8%
/ 30%
15.9%
/ 30%
11.1%
/ 30%
0.63%
/ 5%
FINANCIAL SCREEN PASSED*
FTSE 1.8%
/ 33%
15.9%
/ 33%
11.1%
/ 50%
0.63%
/ 5%
FINANCIAL SCREEN PASSED*

Financial Highlights

P/E Ratio
40.0
Forward: 31.9
EPS
currency unverified 26.01
Dividend Yield
115.0%
Payout: 38.5%
P/B Ratio
6.9
EV/EBITDA
30.7
EV: INR 632.7B
Revenue
INR 222.9B
Growth: 19.5%
Beta
0.3
Low volatility

Profitability

Gross Margin 32.0%
Operating Margin 5.3%
Net Margin 6.9%

Cash Flow & Balance Sheet

Operating Cash FlowINR 15.7B
Free Cash FlowINR 875M
Total DebtINR 2.7B
Debt-to-Equity2.8
Total AssetsINR 147.5B

Price & Trading

Last CloseINR 1,023.70
50-Day MAINR 1,172.40
200-Day MAINR 1,246.34
Avg Volume978K
Beta0.3
52-Week Range
INR 1,015.10
INR 1,516.60

Financial data provenance and verification

The displayed fields were imported from yfinance on 2026-10-11 for the financial period March 2026. This is a secondary data feed and can differ from amended or newly filed statements.

Verification rule: check debt, cash, receivables, revenue and interest income against the latest primary filing before relying on an automated ratio.

About Havells India (HAVELLS)

CEO
Mr. Anil Rai Gupta
Employees
7,598
Sector
Industrials
Industry
Electrical Equipment & Parts
Country
India
Exchange
NSE
Market Cap (listing currency)
INR 653605M
Currency
INR

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 devices, and control and monitoring devices, as well as magnetic contractor, thermal overload relays, switchgear, circuit breakers, and starters; lighting products; and home appliances, including air conditioners, LED televisions, washing machines, refrigerators, air coolers and purifiers, appliances, personal grooming products, water heaters and purifiers, and geysers. The company also provides flexible, power, control, and fire survival cables; fans comprising ceiling, table, pedestal, wall, ceiling mounting, personal, and domestic exhaust fans; centrifugal, mono block, submersible, borewell and sewage submersible, pressure, and shallow well jet pumps; dishwashers; air circulators; and heavy-duty exhaust fans. In addition, it offers crane duty, smoke, brake, inverter duty, and energy motors; solar rooftop on grid, solar off grid, and solar on grid inverter solutions; power solutions, including power capacitors, IOT enabled IPFC relays, HD harmonic detuned reactors, IOT enabled APFC panels, and high PIV thyristor switches; and smart home automation solutions that connects lights, curtains, air conditioners, and other devices to control them through smart phone, tablet or wall panel, as well as smart modular switches and accessories. The company offers its products under the Havells, Lloyd, Havells Crabtree, REO, and Havells Studio brands. Havells India Limited was founded in 1958 and is based in Noida, India.

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Frequently Asked Questions

Is Havells India (HAVELLS) halal to invest in?

The current automated result is Financial screen passed; activity assessment pending. It uses available public financial fields and simplified methodology proxies. It is not a fatwa or an official determination by AAOIFI, DJIM, MSCI, S&P, or FTSE.

What is Havells India's debt ratio?

Havells India's debt ratio is 1.8% in the MSCI new-inclusion reproduction: total debt divided by total assets, against a 30% threshold. See the methodology page for the official source and limitations.

What are Havells India's key financial metrics?

Havells India has a market capitalization of INR 653605M in its listing currency, trailing P/E ratio of 40.0, and revenue of INR 222.9B. The company maintains a gross margin of 32.0% and a net margin of 6.9%.

How often is the screening data updated?

Calculation date: 2026-10-15. Financial period: March 2026. These dates are shown separately because regenerating this page does not refresh the underlying data.

Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.