Is Havells India (HAVELLS) Halal?
Shariah Screening — 5 Standards
Based on financial data from March 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 0.4% / 30% | 4.0% / 30% | 1.5% / 30% | 1.04% / 5% | ✓ HALAL |
| DJIM | 0.4% / 33% | 4.0% / 33% | 1.5% / 33% | 1.04% / 5% | ✓ HALAL |
| MSCI | 2.3% / 33% | 24.3% / 33% | 9.1% / 33% | 1.04% / 5% | ✓ HALAL |
| S&P | 0.4% / 33% | 4.0% / 33% | 1.5% / 33% | 1.04% / 5% | ✓ HALAL |
| FTSE | 2.3% / 33% | 24.3% / 33% | 9.1% / 50% | 1.04% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 32.8% | |
| Operating Margin | 7.3% | |
| Net Margin | 6.6% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $15.2B |
| Free Cash Flow | $7.5B |
| Total Debt | $3.2B |
| Debt-to-Equity | 3.3 |
| Total Assets | $138.1B |
Price & Trading
| Last Close | INR 1,268.40 |
| 50-Day MA | INR 1,339.83 |
| 200-Day MA | INR 1,456.91 |
| Avg Volume | 808K |
| Beta | 0.1 |
|
52-Week Range
INR 1,217.20
| |
About Havells India (HAVELLS)
Havells India Limited, a fast-moving electrical goods 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; and power solutions, including power capacitors, IOT enabled IPFC relays, HD harmonic detuned reactors, IOT enabled APFC panels, and high PIV thyristor switches. 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.
Purification Calculator
As a halal stock with 1.04% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is Havells India (HAVELLS) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Havells India is Halal. The company passes all financial ratio thresholds for debt, cash, receivables, and impermissible income. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Havells India's debt ratio?
Havells India's debt ratio is 0.4% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 2.3%.
Does Havells India require dividend purification?
Yes, Havells India has an impermissible income ratio of 1.04%, which means 1.04% of any dividends received should be donated to charity as purification. This is because a small portion of the company's revenue comes from non-Shariah-compliant sources.
What are Havells India's key financial metrics?
Havells India has a market capitalization of $772.6B, trailing P/E ratio of 52.1, and revenue of $216.0B. The company maintains a gross margin of 32.8% and a net margin of 6.6%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
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.