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Havells India Valuation Multiples
Discover revenue and EBITDA valuation multiples for Havells India and similar public comparables like Fortune Electric Co., SUPCON Technology, Next Vision Stabilized, Fuji Electric Co. and more.
Havells India Overview
About Havells India
Havells India Ltd manufactures and distributes electrical equipment for consumer and industrial applications. Its product portfolio includes fans, appliances, switches, lighting, switch gears, circuit breakers, water heaters, air purifiers, flexible cables, air coolers, monoblock and submersible pumps, personal grooming products, motors, and reactive power solutions. The firm has seven manufacturing facilities, all of which are in India. The company operates in multiple segments: switchgear (domestic and industrial), Cables (domestic and industrial underground), Lighting and Fixtures (LED lamps), Electrical Consumer Durables (fans, water heaters), Lloyd Consumer products (air conditioners, televisions), and Others (industrial motors, water purifiers).
Founded
1983
HQ
Employees
8.2K
Website
Financials (LTM)
EV
$9B
Havells India Financials
Havells India reported last 12-month revenue of $2B and EBITDA of $248M.
In the same LTM period, Havells India generated $828M in gross profit, $248M in EBITDA, and $167M in net income.
Revenue (LTM)
Havells India P&L
In the most recent fiscal year, Havells India reported revenue of $3B and EBITDA of $262M.
Havells India expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $2B | XXX | $3B | XXX | XXX | XXX |
| Gross Profit | $828M | XXX | $695M | XXX | XXX | XXX |
| Gross Margin | 33% | XXX | 27% | XXX | XXX | XXX |
| EBITDA | $248M | XXX | $262M | XXX | XXX | XXX |
| EBITDA Margin | 10% | XXX | 10% | XXX | XXX | XXX |
| EBIT Margin | 8% | XXX | 8% | XXX | XXX | XXX |
| Net Profit | $167M | XXX | $175M | XXX | XXX | XXX |
| Net Margin | 7% | XXX | 7% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Havells India Stock Performance
Havells India has current market cap of $10B, and enterprise value of $9B.
Market Cap Evolution
Havells India's stock price is $15.24.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $9B | $10B | -0.2% | XXX | XXX | XXX | $0.28 |
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Start Free TrialHavells India Valuation Multiples
Havells India trades at 3.8x EV/Revenue multiple, and 38.1x EV/EBITDA.
EV / Revenue (LTM)
Havells India Financial Valuation Multiples
As of April 7, 2026, Havells India has market cap of $10B and EV of $9B.
Equity research analysts estimate Havells India's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Havells India has a P/E ratio of 57.3x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $10B | XXX | $10B | XXX | XXX | XXX |
| EV (current) | $9B | XXX | $9B | XXX | XXX | XXX |
| EV/Revenue | 3.8x | XXX | 3.7x | XXX | XXX | XXX |
| EV/EBITDA | 38.1x | XXX | 36.0x | XXX | XXX | XXX |
| EV/EBIT | 46.4x | XXX | 45.2x | XXX | XXX | XXX |
| EV/Gross Profit | 11.4x | XXX | 13.6x | XXX | XXX | XXX |
| P/E | 57.3x | XXX | 54.7x | XXX | XXX | XXX |
| EV/FCF | 184.9x | XXX | 96.0x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Havells India Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Havells India Margins & Growth Rates
Havells India's revenue in the last 12 month grew by 16%.
Havells India's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.1M for the same period.
Havells India's rule of 40 is 24% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Havells India's rule of X is 44% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Havells India Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 16% | XXX | (2%) | XXX | XXX | XXX |
| EBITDA Margin | 10% | XXX | 10% | XXX | XXX | XXX |
| EBITDA Growth | 25% | XXX | (6%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 24% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 44% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 1% | XXX | 6% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 0% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 20% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Havells India Public Comps
See public comps and valuation multiples for other Home Appliances and Electrical Parts & Equipment comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Fortune Electric Co. | XXX | XXX | XXX | XXX | XXX | XXX |
| SUPCON Technology | XXX | XXX | XXX | XXX | XXX | XXX |
| Next Vision Stabilized | XXX | XXX | XXX | XXX | XXX | XXX |
| Fuji Electric Co. | XXX | XXX | XXX | XXX | XXX | XXX |
| Littelfuse | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Havells India M&A Activity
Havells India acquired XXX companies to date.
Last acquisition by Havells India was on XXXXXXXX, XXXXX. Havells India acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Havells India
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialHavells India Investment Activity
Havells India invested in XXX companies to date.
Havells India made its latest investment on XXXXXXXX, XXXXX. Havells India invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Havells India
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Havells India
| When was Havells India founded? | Havells India was founded in 1983. |
| Where is Havells India headquartered? | Havells India is headquartered in India. |
| How many employees does Havells India have? | As of today, Havells India has over 8K employees. |
| Is Havells India publicly listed? | Yes, Havells India is a public company listed on National Stock Exchange of India. |
| What is the stock symbol of Havells India? | Havells India trades under HAVELLS ticker. |
| When did Havells India go public? | Havells India went public in 2001. |
| Who are competitors of Havells India? | Havells India main competitors are Fortune Electric Co., SUPCON Technology, Next Vision Stabilized, Fuji Electric Co.. |
| What is the current market cap of Havells India? | Havells India's current market cap is $10B. |
| What is the current revenue of Havells India? | Havells India's last 12 months revenue is $2B. |
| What is the current revenue growth of Havells India? | Havells India revenue growth (NTM/LTM) is 16%. |
| What is the current EV/Revenue multiple of Havells India? | Current revenue multiple of Havells India is 3.8x. |
| Is Havells India profitable? | Yes, Havells India is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Havells India? | Havells India's last 12 months EBITDA is $248M. |
| What is Havells India's EBITDA margin? | Havells India's last 12 months EBITDA margin is 10%. |
| What is the current EV/EBITDA multiple of Havells India? | Current EBITDA multiple of Havells India is 38.1x. |
| What is the current FCF of Havells India? | Havells India's last 12 months FCF is $51M. |
| What is Havells India's FCF margin? | Havells India's last 12 months FCF margin is 2%. |
| What is the current EV/FCF multiple of Havells India? | Current FCF multiple of Havells India is 184.9x. |
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