Peer Group

Stock	Current Price Rs	PE TTM Price to Earnings	Market Capitalization in Cr	Dividend yield 1yr %	Net Profit Qtr Cr	Net Profit Annual Growth YoY %	Operating Revenues Qtr Cr	Revenue Growth Qtr YoY	Price to Book Value
Havells India Ltd. Market Leader	717.05	56.66	44851.48	0.63	206.83	11.09	2751.86	8.56	10.57
Honeywell Automation.. Market Runner Up	22386.75	55.15	19789.89	0.14	84.12	43.69	810.27	26.65	11.32
V-Guard Industries L..	230.35	59.41	9834.42	0.65	59.24	24.37	739.69	12.31	10.93
Finolex Cables Ltd.	385.30	17.13	5893.16	1.04	84.90	-3.94	823.08	3.41	2.69
KEI Industries Ltd.	471.30	20.45	3719.74	0.21	59.93	25.81	1258.79	22.16	6.11
Apar Industries Ltd.	527.60	14.84	2019.13	1.80	43.72	-6.00	2464.57	39.44	1.82
Elpro International ..	48.40	9.51	820.28	0.00	-5.72	1968.66	14.85	-14.37	4.72
HBL Power Systems Ltd.	21.70	23.96	601.51	1.15	7.05	0.00	312.66	-24.56	0.79

All values except ratios in INR(Crores)


Indicator	Mar-2019	Dec-2018	Sep-2018	Jun-2018	Mar-2018	Dec-2017	Sep-2017	Jun-2017	Mar-2017
Total Revenue Qtr cr	2,782.8	2,551.5	2,225.3	2,625.6	2,560.6	1,993.5	1,806.0	1,895.3	1,752.1
Operating Revenues Qtr Cr	2,751.9	2,518.4	2,191.0	2,596.3	2,534.9	1,965.8	1,777.4	1,860.5	1,710.2
Other Income Qtr Cr	30.9	33.1	34.3	29.2	25.7	27.8	28.7	34.8	41.9
Operating Expenses Qtr Cr	2,429.0	2,223.8	1,928.5	2,284.1	2,177.2	1,703.5	1,520.5	1,688.1	1,480.6
Operating Profit Qtr Cr	322.9	294.6	262.5	312.3	357.7	262.2	256.9	172.4	229.6
Operating Profit Margin Qtr %	11.73%	11.7%	11.98%	12.03%	14.11%	13.34%	14.45%	9.27%	13.43%
Depreciation Qtr Cr	39.1	35.3	39.1	35.0	34.7	36.3	34.9	33.6	30.8
Interest Qtr Cr	6.1	3.6	3.7	2.5	8.4	5.5	6.7	3.4	7.1
Profit Before Tax Qtr Cr	308.6	288.8	254.0	303.9	331.3	269.2	244.0	170.3	156.9
Tax Qtr Cr	101.8	93.1	75.4	93.5	105.5	74.8	73.0	48.9	62.2
Net Profit Qtr Cr	206.8	195.7	178.6	210.4	225.8	194.4	171.0	121.4	94.7
Basic EPS Qtr Rs	3.3	3.1	2.9	3.4	3.6	3.1	2.7	1.9	1.5
Net profit TTM Cr	791.5	810.5	809.1	801.5	712.5	581.5	540.1	514.8	539.0
Basic EPS TTM Rs	12.7	13.0	12.9	12.8	11.4	9.3	8.6	8.2	8.6

Quarterly Operating Revenues Qtr Cr Analysis

Operating Revenues Qtr Cr growth is higher than historical averages.

Quarterly Net Profit Qtr Cr Analysis

Net Profit Qtr Cr growth is stable compared to historical averages.


Indicator	Mar-2009	Dec-2008	Sep-2008	Jun-2008	Mar-2008	Dec-2007	Sep-2007	Jun-2007
Total Revenue Qtr cr	1,333.0	1,309.0	1,439.4	1,410.6	1,389.0	1,345.3	1,221.7	1,071.4
Operating Revenues Qtr Cr	1,333.0	1,308.8	1,437.6	1,404.2	1,375.8	1,341.3	1,216.5	1,068.7
Other Income Qtr Cr	0.1	0.2	1.8	6.3	13.2	4.0	5.2	2.7
Operating Expenses Qtr Cr	1,248.7	1,277.9	1,421.8	1,302.7	1,294.8	1,242.3	1,141.5	986.7
Operating Profit Qtr Cr	84.3	30.9	15.8	101.6	80.9	99.0	75.0	82.0
Operating Profit Margin Qtr %	6.32%	2.36%	1.1%	7.23%	5.88%	7.38%	6.17%	7.67%
Depreciation Qtr Cr	25.5	21.2	0.0	21.6	17.7	19.0	17.9	14.8
Interest Qtr Cr	25.6	28.1	30.6	24.1	22.0	29.8	23.0	19.1
Profit Before Tax Qtr Cr	33.3	-18.2	-12.9	62.2	54.5	54.2	39.3	50.8
Tax Qtr Cr	11.0	7.3	12.1	12.6	7.5	9.7	9.6	10.7
Net Profit Qtr Cr	-98.5	-25.5	-25.0	49.6	46.9	44.5	29.7	40.1
Basic EPS Qtr Rs	-16.6	-14.9	0.0	8.6	8.3	8.1	5.5	7.4
Net profit TTM Cr	-99.4	46.0	116.0	170.7	161.2
Basic EPS TTM Rs	-16.5	7.9	20.0	29.5	27.8	19.7	13.0	7.5

Quarterly Operating Revenues Qtr Cr Analysis

Quarterly Net Profit Qtr Cr Analysis

Annual Results

Standalone
Consolidated

All values except ratios in INR(Crores)


Indicator	TTM	Mar-2019	Mar-2018	Mar-2017	Mar-2016	Mar-2015	Mar-2014	Mar-2013	Mar-2012	Mar-2011
Total Revenue Annual Cr	10,185.2	10,185.2	8,255.6	6,269.5	5,505.6	5,290.9	4,763.8	4,235.5	3,622.8	2,899.4
Operating Revenues Annual Cr	10,057.6	10,057.6	8,138.6	6,135.3	5,436.9	5,238.7	4,719.7	4,225.0	3,615.6	2,881.7
Other Income Annual Cr	127.5	127.5	117.0	134.3	68.7	52.2	44.1	10.5	7.2	17.7
Operating Expenses Annual Cr	8,865.4	8,865.4	7,089.3	5,311.1	4,689.0	4,539.6	4,078.1	3,691.9	3,159.9	2,541.1
Operating Profit Annual in Cr	1,192.2	1,192.2	1,049.3	824.1	747.9	699.1	641.6	533.1	455.7	340.6
Operating Profit Margin Annual %		11.71%	12.71%	13.15%	13.58%	13.21%	13.47%	12.59%	12.58%	11.75%
Total Expenses Annual Cr		9,029.9	7,252.8	5,442.9	4,793.8	4,644.6	4,168.6	3,778.3	3,249.0	2,589.6
Other Expenses Annual Cr	1,370.2	1,754.5	1,458.8	1,162.3	1,139.3	1,048.4	928.9	866.9	727.1	536.6
Employee Expenses Annual Cr	832.4	832.4	649.7	500.4	376.3	312.7	247.5	175.3	141.7	110.3
Cost Of Power Purchased Annual Cr	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Cost Of Fuel Annual Cr		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
EBIDT Annual Cr		1,319.7	1,166.3	958.4	816.6	751.3	685.7	543.6	462.9	358.3
EBIDT margin Annual %		12.96%	14.13%	15.29%	14.83%	14.2%	14.39%	12.83%	12.78%	12.36%
Other Income Annual Cr	127.5	127.5	117.0	134.3	68.7	52.2	44.1	10.5	7.2	17.7
Interest Annual Cr	15.9	15.9	24.0	12.2	12.6	17.6	26.9	28.6	44.4	19.1
Depreciation Cr	148.6	148.6	139.5	119.6	92.2	87.5	63.6	57.9	44.7	29.3
Profit Before Tax Annual Cr	1,155.3	1,155.3	1,014.7	768.8	914.2	646.3	595.1	457.2	373.8	309.8
Tax Annual Cr	363.7	363.7	302.2	229.8	198.8	181.3	116.4	85.8	68.4	68.2
PAT Before ExtraOrdinary Items Annual Cr		791.5	712.5	539.0	715.4	464.9	478.7	371.4	305.4	241.6
Minority Interest Income Annual Cr
Net Profit Annual Cr	791.5	791.5	712.5	539.0	715.4	464.9	478.7	371.4	305.4	242.1
Net Profit Margin Annual %		7.86%	8.75%	8.78%	13.15%	8.87%	10.14%	8.79%	8.44%	8.39%
Basic EPS Annual Rs		12.7	11.4	8.6	11.4	7.5	38.4	29.8	24.5	19.4

Annual Total Revenue Annual Cr Analysis

Total Revenue Annual Cr growth is higher than historical averages.

1 Year:: 10,185.17 Cr
3 Years:: 8,236.76 Cr
5 Years:: 7,101.36 Cr
7 Years:: 6,358.0 Cr

Annual Net Profit Annual Cr Analysis

Net Profit Annual Cr growth is stable compared to historical averages.

1 Year:: 791.52 Cr
3 Years:: 681.03 Cr
5 Years:: 644.67 Cr
7 Years:: 581.92 Cr

Annual ROE Annual % Analysis

ROE Annual % is stable compared to historical averages.

1 Year:: 18.65 %
3 Years:: 18.05 %
5 Years:: 20.15 %
7 Years:: 20.44 %


Indicator	TTM	Mar-2019	Mar-2018	Mar-2017	Mar-2016	Mar-2015	Mar-2014	Mar-2013	Mar-2012	Mar-2011
Total Revenue Annual Cr	5,492.1	10,202.1	8,264.3	6,293.9	7,699.2	8,619.9	8,227.0	7,281.3	6,559.6	5,636.4
Operating Revenues Annual Cr	5,483.6	10,073.4	8,146.4	6,155.8	7,612.6	8,569.4	8,185.8	7,247.9	6,518.2	5,612.6
Other Income Annual Cr	8.5	128.7	117.9	138.2	86.6	50.5	41.3	33.4	41.4	23.7
Operating Expenses Annual Cr	5,251.0	8,889.1	7,103.0	5,337.6	6,854.6	7,848.3	7,443.3	6,579.0	5,860.9	5,055.6
Operating Profit Annual in Cr	232.6	1,184.3	1,043.4	818.2	758.0	721.1	742.5	668.9	657.3	557.0
Operating Profit Margin Annual %		11.61%	12.63%	13.0%	9.85%	8.37%	9.02%	9.19%	10.02%	9.88%
Total Expenses Annual Cr		9,057.9	7,268.3	5,471.4	7,043.3	8,050.9	7,633.0	6,811.9	6,083.8	5,226.2
Other Expenses Annual Cr	3,097.8	1,764.8	1,473.5	1,175.4	1,583.6	1,831.6	1,716.7	1,569.4	1,443.2	1,222.6
Employee Expenses Annual Cr	629.0	841.7	659.5	509.0	896.0	1,187.5	1,086.9	850.3	790.4	640.5
Cost Of Power Purchased Annual Cr	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Cost Of Fuel Annual Cr		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
EBIDT Annual Cr		1,313.0	1,161.3	956.4	844.6	771.6	783.7	702.3	698.7	580.7
EBIDT margin Annual %		12.87%	14.05%	15.19%	10.97%	8.95%	9.53%	9.64%	10.65%	10.3%
Other Income Annual Cr	8.5	128.7	117.9	138.2	86.6	50.5	41.3	33.4	41.4	23.7
Interest Annual Cr	108.4	16.3	24.8	13.3	54.4	64.0	74.1	123.2	128.1	90.2
Depreciation Cr	68.3	152.6	140.5	120.5	134.4	138.7	115.5	109.7	94.8	80.4
Profit Before Tax Annual Cr	64.3	1,144.1	977.3	715.7	1,518.0	569.0	594.1	663.8	475.7	406.6
Tax Annual Cr	42.9	358.3	303.8	228.8	219.3	183.6	147.8	82.4	105.8	103.1
PAT Before ExtraOrdinary Items Annual Cr		785.9	673.5	486.9	1,298.7	385.4	446.3	581.4	369.9	303.5
Minority Interest Income Annual Cr	-60.7	0.4	1.4	0.4	-0.3	0.0	0.0	0.0	0.0	-0.4
Net Profit Annual Cr	-99.4	785.5	661.0	498.9	1,298.7	385.4	446.3	581.4	369.9	303.9
Net Profit Margin Annual %		7.79%	8.11%	8.1%	17.05%	4.49%	5.45%	8.02%	5.67%	5.41%
Basic EPS Annual Rs		12.6	10.6	7.9	20.8	6.2	35.8	46.6	29.6	24.3

Annual Total Revenue Annual Cr Analysis

Total Revenue Annual Cr growth is higher than historical averages.

1 Year:: 10,202.08 Cr
3 Years:: 8,253.44 Cr
5 Years:: 8,215.88 Cr
7 Years:: 8,083.96 Cr

Annual Net Profit Annual Cr Analysis

Net Profit Annual Cr growth is higher than historical averages.

1 Year:: 785.54 Cr
3 Years:: 648.46 Cr
5 Years:: 725.9 Cr
7 Years:: 665.32 Cr

Annual ROE Annual % Analysis

ROE Annual % is growing faster than historical averages.

1 Year:: 18.63 %
3 Years:: 17.16 %
5 Years:: 23.12 %
7 Years:: 26.1 %

Financial Ratios

Standalone
Consolidated

All values except ratios in INR(Crores)


Indicator	Mar-2019	Mar-2018	Mar-2017	Mar-2016	Mar-2015	Mar-2014	Mar-2013	Mar-2012	Mar-2011
Book Value Per Share Annual Rs	67.8	59.8	52.4	42.3	38.0	170.7	149.9	128.9	107.5
RoA Annual %	11.02%	10.89%	10.86%	17.9%	12.74%	14.08%	12.99%	11.53%	11.15%
ROE Annual %	18.65%	19.05%	16.46%	27.05%	19.56%	22.47%	19.85%	18.99%	18.05%
ROCE Annual %	25.14%	17.48%	15.84%	26.2%	18.84%	20.22%	17.89%	17.59%	16.34%
Profitability Ratio
EBDIT Annual Margin %	13.12%	14.33%	15.62%	15.02%	14.34%	14.52%	12.86%	12.8%	12.43%
EBIT Annual Margin %	11.64%	12.61%	13.67%	13.32%	12.67%	13.17%	11.49%	11.56%	11.41%
PBT Annual Margin %	11.48%	12.46%	12.53%	16.81%	12.33%	12.6%	10.82%	10.33%	10.75%
Net Profit Margin Annual %	7.86%	8.75%	8.78%	13.15%	8.87%	10.14%	8.79%	8.44%	8.39%
Asset Turnover Annual %	140.09%	124.41%	123.69%	136.1%	143.57%	138.89%	147.81%	136.59%	132.78%
Liquidity Ratio
Current Ratio Annual	1.5	1.5	2.0	1.9	1.2	1.5	1.4	1.1	1.0
Quick Ratio Annual	0.8	0.8	1.4	1.3	0.6	0.8	0.6	0.4	0.3
Dividend Payout to NP Annual %	31.6%	30.7%	34.77%	52.38%	40.29%	39.11%	25.19%	26.55%	12.88%
Dividend Payout CP Annual %	26.61%	25.67%	28.46%	46.4%	33.91%	34.52%	21.79%	23.16%	11.49%
Earning Retention Annual %	68.4%	69.3%	65.23%	47.62%	59.71%	60.89%	74.81%	73.45%	87.12%
Cash Earning Retention Annual %	73.39%	74.33%	71.54%	53.6%	66.09%	65.48%	78.21%	76.84%	88.51%
Valuation Ratio
EnterpriseValue Annual Cr	46,978.6	29,071.1	27,515.2	18,783.5	18,573.0	11,133.2	7,944.2	7,096.4	4,684.1
EV Per Net Sales Annual	4.7	3.6	4.5	3.5	3.5	2.4	1.9	2.0	1.6
Price To Book Value Annual	11.4	8.2	8.9	7.6	8.0	5.4	4.3	4.4	3.5
EV Per EBITDA Annual	35.6	24.9	28.7	23.0	24.7	16.2	14.6	15.3	13.1
Market Cap Per Sales Annual	4.8	3.7	4.8	3.7	3.6	2.5	1.9	2.0	1.6
Retention Ratio Annual %	68.39%	69.29%	65.22%	47.61%	59.7%	60.88%	74.8%	73.44%	87.11%
Earnings Yield Annual	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.1
Cash Earning Retention Annual %	73.39%	74.33%	71.54%	53.6%	66.09%	65.48%	78.21%	76.84%	88.51%
Total Debt to Total Equity Annual	0.0	0.0	0.1	0.0	0.0	0.1	0.1	0.1	0.1

Annual Book Value Per Share Annual Rs Analysis

Book Value Per Share Annual Rs growth is stable compared to historical averages.

1 Year:: 67.83 Rs
3 Years:: 60.01 Rs
5 Years:: 52.08 Rs
7 Years:: 83.0 Rs

Annual RoA Annual % Analysis

RoA Annual % is growing faster than historical averages.

1 Year:: 11.02 %
3 Years:: 10.92 %
5 Years:: 12.68 %
7 Years:: 12.93 %


Indicator	Mar-2019	Mar-2018	Mar-2017	Mar-2016	Mar-2015	Mar-2014	Mar-2013	Mar-2012	Mar-2011
Book Value Per Share Annual Rs	67.4	59.8	52.6	48.7	29.1	133.5	115.6	76.6	52.4
RoA Annual %	10.95%	10.02%	9.56%	29.63%	7.97%	8.36%	13.0%	8.85%	8.51%
ROE Annual %	18.63%	17.76%	15.09%	42.94%	21.19%	26.79%	40.31%	38.71%	46.43%
ROCE Annual %	25.04%	25.03%	24.44%	22.54%	15.16%	15.64%	22.41%	20.93%	19.25%
Profitability Ratio
EBDIT Annual Margin %	13.03%	14.25%	15.53%	11.09%	9.0%	9.57%	9.68%	10.71%	10.34%
EBIT Annual Margin %	11.51%	12.53%	13.57%	9.32%	7.38%	8.16%	8.17%	9.26%	8.91%
PBT Annual Margin %	11.35%	11.99%	11.62%	19.94%	6.63%	7.25%	9.15%	7.29%	7.24%
Net Profit Margin Annual %	7.79%	8.11%	8.1%	17.05%	4.49%	5.45%	8.02%	5.67%	5.41%
Asset Turnover Annual %	140.44%	123.29%	119.08%	173.5%	177.37%	153.36%	162.08%	156.1%	157.5%
Liquidity Ratio
Current Ratio Annual	1.5	1.5	2.1	2.3	1.3	1.5	1.5	1.1	1.1
Quick Ratio Annual	0.8	0.8	1.5	1.7	0.7	0.9	0.8	0.5	0.5
Dividend Payout to NP Annual %	31.83%	33.03%	37.9%	28.82%	48.6%	41.94%	16.09%	21.92%	10.27%
Dividend Payout CP Annual %	26.65%	27.25%	30.47%	26.12%	35.74%	33.32%	13.54%	17.44%	8.12%
Earning Retention Annual %	68.17%	66.97%	62.1%	71.18%	51.4%	58.06%	83.91%	78.08%	89.73%
Cash Earning Retention Annual %	73.35%	72.75%	69.53%	73.88%	64.26%	66.68%	86.46%	82.56%	91.88%
Valuation Ratio
EnterpriseValue Annual Cr	46,952.1	29,050.7	27,497.6	18,760.2	18,572.2	11,546.0	8,442.7	7,770.5	5,410.8
EV Per Net Sales Annual	4.7	3.6	4.5	2.5	2.2	1.4	1.2	1.2	1.0
Price To Book Value Annual	11.4	8.2	8.9	6.6	10.5	7.0	5.6	7.5	7.1
EV Per EBITDA Annual	35.8	25.0	28.8	22.2	24.1	14.7	12.0	11.1	9.3
Market Cap Per Sales Annual	4.8	3.7	4.8	2.6	2.2	1.4	1.1	1.1	0.8
Retention Ratio Annual %	68.16%	66.96%	62.09%	71.17%	51.39%	58.05%	83.9%	78.07%	89.72%
Earnings Yield Annual	0.0	0.0	0.0	0.1	0.0	0.0	0.1	0.1	0.1
Cash Earning Retention Annual %	73.35%	72.75%	69.53%	73.88%	64.26%	66.68%	86.46%	82.56%	91.88%
Total Debt to Total Equity Annual	0.0	0.0	0.1	0.0	0.2	0.5	0.6	0.9	1.5

Annual Book Value Per Share Annual Rs Analysis

Book Value Per Share Annual Rs growth is higher than historical averages.

1 Year:: 67.43 Rs
3 Years:: 59.93 Rs
5 Years:: 51.53 Rs
7 Years:: 72.39 Rs

Annual RoA Annual % Analysis

RoA Annual % is growing faster than historical averages.

1 Year:: 10.95 %
3 Years:: 10.18 %
5 Years:: 13.63 %
7 Years:: 12.78 %

Balance Sheet

Standalone
Consolidated

All values except ratios in INR(Crores)


Indicator	Mar-2019	Mar-2018	Mar-2017	Mar-2016	Mar-2015	Mar-2014	Mar-2013	Mar-2012	Mar-2011
Total ShareHolders Funds Annual Cr	4,242.5	3,739.2	3,273.6	2,644.2	2,375.8	2,129.8	1,870.2	1,608.3	1,340.8
Equity Share Capital Annual Cr	62.5	62.5	62.5	62.5	62.4	62.4	62.4	62.4	62.4
Total Share Capital Annual Cr	62.5	62.5	62.5	62.5	62.4	62.4	62.4	62.4	62.4
Reserves Plus Surplus Annual Cr	4,179.7	3,676.6	3,211.1	2,581.7	2,313.3	2,067.5	1,807.8	1,545.9	1,278.4
Total Reserves Plus Surplus Annual Cr	4,179.7	3,676.6	3,211.1	2,581.7	2,313.3	2,067.5	1,807.8	1,545.9	1,278.4
Minority Interest Liability Annual Cr
Total Non Current Liabilities Annual Cr	415.8	335.0	127.4	85.7	91.2	237.4	205.6	127.9	140.3
Deferred Tax Liabilities Annual Cr	321.7	206.9	113.8	74.9	43.4	51.7	61.9	55.6	53.6
Other LongTerm Liabilities Annual Cr	21.3	23.2	4.6	4.1	1.4	40.3	33.3	2.7	0.8
Total Current Liabilities Annual Cr	2,520.8	2,467.2	1,559.0	1,264.8	1,181.8	1,030.9	782.5	910.7	689.0
Trade Payables Annual Cr	1,559.4	1,634.0	629.6	436.3	394.5	439.6	399.0	542.5	428.2
Other Current Liabilities Annual Cr	758.5	652.2	621.2	440.8	463.7	305.1	226.8	211.8	187.0
Short Term Provisions Annual Cr	202.9	154.1	110.2	387.6	323.6	273.8	156.8	128.6	57.5
Total Capital Plus Liabilities Annual Cr	7,179.1	6,541.4	4,960.0	3,994.6	3,648.8	3,398.1	2,858.3	2,646.9	2,170.2
Fixed Assets Annual Cr	3,133.5	2,809.2	1,293.9	1,082.0	1,007.3	934.1	913.5	834.0	730.3
Tangible Assets Annual Cr	1,430.6	1,247.9	1,191.7	1,050.6	976.2	897.1	894.6	772.1	703.5
Intangible Assets Annual Cr	1,470.2	1,483.5	18.2	10.8	8.6	9.2	9.1	5.5	5.2
Capital Work In Progress Annual Cr	232.2	24.1	11.9	20.5	22.1	27.8	9.8	56.4	21.7
Total Non Current Assets Annual Cr	3,368.2	2,908.7	1,785.1	1,615.9	2,241.2	1,888.1	1,764.9	1,650.8	1,475.6
Non Current Investments Annual Cr	58.3	41.7	389.1	460.3	1,011.8	882.5	791.9	775.1	715.5
Deferred Tax Assets Annual Cr	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Long Term Loans Plus Advances Annual Cr	8.8	0.0	0.0	73.2	46.8	71.2	59.4	41.5	29.5
Other Non Current Assets Annual Cr	167.6	57.8	102.1	0.4	175.4	0.3	0.0	0.3	0.3
Total Current Assets Annual Cr	3,810.9	3,616.4	3,174.8	2,378.7	1,407.6	1,510.0	1,093.4	996.1	694.6
Current Investments Annual Cr	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Trade Receivables Annual Cr	404.8	325.4	228.5	157.6	132.5	136.5	130.2	159.7	111.8
Cash Plus Cash Equivalents Annual Cr	1,284.8	1,526.2	1,937.5	1,344.2	522.3	626.2	246.5	136.2	49.2
Short Term Loans Plus Advances Annual Cr	0.0	0.0	0.0	56.5	41.1	44.9	41.1	39.7	52.4
Other Current Assets Annual Cr	204.3	159.5	80.4	35.9	21.9	19.7	12.6	11.7	11.3
Total Assets Annual Cr	7,179.1	6,541.4	4,960.0	3,994.6	3,648.8	3,398.1	2,858.3	2,646.9	2,170.2
Contingent Liabilities plus Commitments Annual Cr	283.2	103.5	104.4	292.9	492.0	524.9	604.7	1,047.1	504.7
Bonus Equity Share Capital Annual Cr	51.6	51.6	51.6	51.6	51.6	51.6	51.6	51.6	51.6
Non Current Investments Unquoted BookValue Annual Cr	58.3	0.0	175.2	309.6	1,011.8	882.5	791.9	775.1	715.5
Current Investments Unquoted BookValue Annual Cr	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0

Annual Long Term Debt To Equity Annual Analysis

Long Term Debt To Equity Annual growth is lower than historical averages.

1 Year:: 0.01
3 Years:: 0.01
5 Years:: 0.01
7 Years:: 0.02

Annual Total Assets Annual Cr Analysis

Total Assets Annual Cr growth is lower than historical averages.

1 Year:: 7,179.08 Cr
3 Years:: 6,226.83 Cr
5 Years:: 5,264.79 Cr
7 Years:: 4,654.33 Cr


Indicator	Mar-2019	Mar-2018	Mar-2017	Mar-2016	Mar-2015	Mar-2014	Mar-2013	Mar-2012	Mar-2011
Total ShareHolders Funds Annual Cr	4,218.0	3,729.2	3,276.8	3,027.7	1,818.2	1,666.0	1,442.0	955.6	653.7
Equity Share Capital Annual Cr	62.5	62.5	62.5	62.5	62.4	62.4	62.4	62.4	62.4
Total Share Capital Annual Cr	62.5	62.5	62.5	62.5	62.4	62.4	62.4	62.4	62.4
Reserves Plus Surplus Annual Cr	4,155.2	3,666.7	3,214.3	2,965.2	1,755.7	1,603.6	1,379.7	893.2	591.4
Total Reserves Plus Surplus Annual Cr	4,155.2	3,666.7	3,214.3	2,965.2	1,755.7	1,603.6	1,379.7	893.2	591.4
Minority Interest Liability Annual Cr	0.0	7.7	9.1	14.9	0.1	0.1	0.1	0.1	0.6

Havells India Ltd.

Analyst Rating

No of reports

32

Target upgrades

9

Recommendation downgrade

3

Price to Book Value

10.57

Operating Revenues Qtr Cr s

2,751.86 Cr

Net Profit Qtr Cr s

206.83 Cr

RSI

34.11

MFI

22.86

MACD

-14.37

MACD signal

-9.51

SMA 30

764.88

SMA 50

757.26

SMA 100

752.28

SMA 200

710.33

Promoter holding %

59.52

FII holding %

26.95

MF holding %

2.55

Institutional holding %

31.73

Peer Group

Write Query

Quarterly Results

Quarterly Operating Revenues Qtr Cr Analysis

Quarterly Net Profit Qtr Cr Analysis

Quarterly Operating Revenues Qtr Cr Analysis

Quarterly Net Profit Qtr Cr Analysis

Annual Results

Annual Total Revenue Annual Cr Analysis

Average Total Revenue Annual Cr

Annual Net Profit Annual Cr Analysis

Average Net Profit Annual Cr

Annual ROE Annual % Analysis

Average ROE Annual %

Annual Total Revenue Annual Cr Analysis

Average Total Revenue Annual Cr

Annual Net Profit Annual Cr Analysis

Average Net Profit Annual Cr

Annual ROE Annual % Analysis

Average ROE Annual %

Financial Ratios

Annual Book Value Per Share Annual Rs Analysis

Average Book Value Per Share Annual Rs

Annual RoA Annual % Analysis

Average RoA Annual %

Annual Book Value Per Share Annual Rs Analysis

Average Book Value Per Share Annual Rs

Annual RoA Annual % Analysis

Average RoA Annual %

Balance Sheet

Annual Long Term Debt To Equity Annual Analysis

Average Long Term Debt To Equity Annual

Annual Total Assets Annual Cr Analysis

Average Total Assets Annual Cr