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 %	Revenue Qtr Cr	Revenue Growth Qtr YoY	Price to Book Value
Havells India Ltd. Market Leader	739.25	57.05	46240.09	0.54	195.67	32.18	2518.43	28.11	12.37
Honeywell Automation.. Market Runner Up	21700.00	57.59	19182.80	0.15	85.62	47.38	811.79	12.52	13.52
V-Guard Industries L..	214.30	68.32	9144.97	0.33	33.70	-7.97	594.27	13.52	12.17
Finolex Cables Ltd.	480.00	21.53	7341.60	0.83	75.94	13.40	749.56	14.13	3.35
KEI Industries Ltd.	413.50	19.03	3263.55	0.24	48.39	54.06	1087.49	22.37	5.40
Apar Industries Ltd.	659.30	19.06	2523.14	1.44	34.72	-17.88	2119.05	41.38	2.28
Elpro International ..	47.70	8.62	808.41	0.00	4.18	175.04	13.06	-37.89	5.70
Genus Power Infrastr..	30.95	12.26	796.45	1.32	23.04	-10.99	292.08	45.90	1.06

All values except ratios in INR(Crores)


Indicator	Dec-2018	Sep-2018	Jun-2018	Mar-2018	Dec-2017	Sep-2017	Jun-2017	Mar-2017	Dec-2016
Revenue Qtr Cr	2,518.4	2,191.0	2,596.3	2,534.9	1,965.8	1,777.4	1,860.5	1,710.2	1,506.0
Operating Expenses Qtr Cr	2,223.8	1,928.5	2,284.1	2,177.2	1,703.5	1,520.5	1,688.1	1,480.6	1,313.1
Operating Profit Qtr Cr	294.6	262.5	312.3	357.7	262.2	256.9	172.4	229.6	192.9
Operating Profit Margin Qtr %	11.7%	11.98%	12.03%	14.11%	13.34%	14.45%	9.27%	13.43%	12.81%
Other Income Qtr Cr	33.1	34.3	29.2	25.7	27.8	28.7	34.8	41.9	26.4
Depreciation Qtr Cr	35.3	39.1	35.0	34.7	36.3	34.9	33.6	30.8	30.1
Interest Qtr Cr	3.6	3.7	2.5	8.4	5.5	6.7	3.4	7.1	1.5
Profit Before Tax Qtr Cr	288.8	254.0	303.9	331.3	269.2	244.0	170.3	156.9	206.7
Tax Qtr Cr	93.1	75.4	93.5	105.5	74.8	73.0	48.9	62.2	53.7
Net Profit Qtr Cr	195.7	178.6	210.4	225.8	194.4	171.0	121.4	94.7	153.0
Basic EPS Qtr Rs	3.1	2.9	3.4	3.6	3.1	2.7	1.9	1.5	2.5
Net profit TTM Cr	810.5	809.1	801.5	712.5	581.5	540.1	514.8	539.0	810.1
Basic EPS TTM Rs	13.0	12.9	12.8	11.4	9.3	8.6	8.2	8.6	13.0

Quarterly Revenue Qtr Cr Analysis

Revenue Qtr Cr growth is higher than historical averages.

Quarterly Net Profit Qtr Cr Analysis

Net Profit Qtr Cr growth is higher than historical averages.


Indicator	Mar-2009	Dec-2008	Sep-2008	Jun-2008	Mar-2008	Dec-2007	Sep-2007	Jun-2007
Revenue 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
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%
Other Income Qtr Cr	0.1	0.2	1.8	6.3	13.2	4.0	5.2	2.7
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 Revenue Qtr Cr Analysis

Quarterly Net Profit Qtr Cr Analysis

Annual Results

Standalone
Consolidated

All values except ratios in INR(Crores)


Indicator	TTM	Mar-2018	Mar-2017	Mar-2016	Mar-2015	Mar-2014	Mar-2013	Mar-2012	Mar-2011	Mar-2010
Total Revenue Annual Cr	9,840.7	8,255.6	6,269.5	5,505.6	5,290.9	4,763.8	4,235.5	3,622.8	2,899.4	2,476.6
Operating Expenses Annual Cr	8,613.6	7,089.3	5,311.1	4,689.0	4,539.6	4,078.1	3,691.9	3,159.9	2,541.1	2,155.9
Operating Profit Annual in Cr	1,227.1	1,049.3	824.1	747.9	699.1	641.6	533.1	455.7	340.6	315.3
Operating Profit Margin Annual %		12.71%	13.15%	13.58%	13.21%	13.47%	12.59%	12.58%	11.75%	12.73%
Total Expenses Annual Cr		7,252.8	5,442.9	4,793.8	4,644.6	4,168.6	3,778.3	3,249.0	2,589.6	2,186.3
Other Expenses Annual Cr	1,332.4	1,458.8	1,162.3	1,139.3	1,048.4	928.9	866.9	727.1	536.6	439.0
Employee Expenses Annual Cr	774.8	649.7	500.4	376.3	312.7	247.5	175.3	141.7	110.3	79.7
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	1,340.3	1,166.3	958.4	816.6	751.3	685.7	543.6	462.9	358.3	320.8
EBIDT margin Annual %		14.13%	15.29%	14.83%	14.2%	14.39%	12.83%	12.78%	12.36%	12.95%
Other Income Annual Cr	122.3	117.0	134.3	68.7	52.2	44.1	10.5	7.2	17.7	5.4
Interest Annual Cr	18.1	24.0	12.2	12.6	17.6	26.9	28.6	44.4	19.1	7.2
Depreciation Cr	144.2	139.5	119.6	92.2	87.5	63.6	57.9	44.7	29.3	23.3
Profit Before Tax Annual Cr	1,178.0	1,014.7	768.8	914.2	646.3	595.1	457.2	373.8	309.8	290.3
Tax Annual Cr	367.5	302.2	229.8	198.8	181.3	116.4	85.8	68.4	68.2	62.1
PAT Before ExtraOrdinary Items Annual Cr		712.5	539.0	715.4	464.9	478.7	371.4	305.4	241.6	228.2
Minority Interest Income Annual Cr
Net Profit Annual Cr	810.5	712.5	539.0	715.4	464.9	478.7	371.4	305.4	242.1	228.2
Net Profit Margin Annual %		8.75%	8.78%	13.15%	8.87%	10.14%	8.79%	8.44%	8.39%	9.23%
Basic EPS Annual Rs		11.4	8.6	11.4	7.5	38.4	29.8	24.5	19.4	37.9

Annual Total Revenue Annual Cr Analysis

Total Revenue Annual Cr growth is higher than historical averages.

1 Year:: 8,255.56 Cr
3 Years:: 6,676.91 Cr
5 Years:: 6,017.07 Cr
7 Years:: 5,420.52 Cr

Annual Net Profit Annual Cr Analysis

Net Profit Annual Cr growth is higher than historical averages.

1 Year:: 712.52 Cr
3 Years:: 655.64 Cr
5 Years:: 582.11 Cr
7 Years:: 512.48 Cr

Annual ROE Annual % Analysis

ROE Annual % is growing faster than historical averages.

1 Year:: 19.05 %
3 Years:: 20.85 %
5 Years:: 20.92 %
7 Years:: 20.49 %


Indicator	TTM	Mar-2018	Mar-2017	Mar-2016	Mar-2015	Mar-2014	Mar-2013	Mar-2012	Mar-2011	Mar-2010
Total Revenue Annual Cr	5,483.6	8,264.3	6,293.9	7,699.2	8,619.9	8,227.0	7,281.3	6,559.6	5,636.4	5,435.3
Operating Expenses Annual Cr	5,251.0	7,103.0	5,337.6	6,854.6	7,848.3	7,443.3	6,579.0	5,860.9	5,055.6	5,101.7
Operating Profit Annual in Cr	232.6	1,043.4	818.2	758.0	721.1	742.5	668.9	657.3	557.0	327.5
Operating Profit Margin Annual %		12.63%	13.0%	9.85%	8.37%	9.02%	9.19%	10.02%	9.88%	6.03%
Total Expenses Annual Cr		7,268.3	5,471.4	7,043.3	8,050.9	7,633.0	6,811.9	6,083.8	5,226.2	5,272.5
Other Expenses Annual Cr	3,097.8	1,473.5	1,175.4	1,583.6	1,831.6	1,716.7	1,569.4	1,443.2	1,222.6	1,191.6
Employee Expenses Annual Cr	629.0	659.5	509.0	896.0	1,187.5	1,086.9	850.3	790.4	640.5	764.5
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	120.2	1,161.3	956.4	844.6	771.6	783.7	702.3	698.7	580.7	333.6
EBIDT margin Annual %		14.05%	15.19%	10.97%	8.95%	9.53%	9.64%	10.65%	10.3%	6.14%
Other Income Annual Cr	8.5	117.9	138.2	86.6	50.5	41.3	33.4	41.4	23.7	6.1
Interest Annual Cr	108.4	24.8	13.3	54.4	64.0	74.1	123.2	128.1	90.2	87.1
Depreciation Cr	68.3	140.5	120.5	134.4	138.7	115.5	109.7	94.8	80.4	83.7
Profit Before Tax Annual Cr	64.3	977.3	715.7	1,518.0	569.0	594.1	663.8	475.7	406.6	162.8
Tax Annual Cr	42.9	303.8	228.8	219.3	183.6	147.8	82.4	105.8	103.1	93.2
PAT Before ExtraOrdinary Items Annual Cr		673.5	486.9	1,298.7	385.4	446.3	581.4	369.9	303.5	69.6
Minority Interest Income Annual Cr	-60.7	1.4	0.4	-0.3	0.0	0.0	0.0	0.0	-0.4	0.0
Net Profit Annual Cr	-99.4	661.0	498.9	1,298.7	385.4	446.3	581.4	369.9	303.9	69.6
Net Profit Margin Annual %		8.11%	8.1%	17.05%	4.49%	5.45%	8.02%	5.67%	5.41%	1.28%
Basic EPS Annual Rs		10.6	7.9	20.8	6.2	35.8	46.6	29.6	24.3	11.2

Annual Total Revenue Annual Cr Analysis

Total Revenue Annual Cr growth is higher than historical averages.

1 Year:: 8,264.31 Cr
3 Years:: 7,419.15 Cr
5 Years:: 7,820.88 Cr
7 Years:: 7,563.6 Cr

Annual Net Profit Annual Cr Analysis

Net Profit Annual Cr growth is higher than historical averages.

1 Year:: 660.97 Cr
3 Years:: 819.52 Cr
5 Years:: 658.06 Cr
7 Years:: 605.95 Cr

Annual ROE Annual % Analysis

ROE Annual % is growing faster than historical averages.

1 Year:: 17.76 %
3 Years:: 25.26 %
5 Years:: 24.75 %
7 Years:: 28.97 %

Financial Ratios

Standalone
Consolidated

All values except ratios in INR(Crores)


Indicator	Mar-2018	Mar-2017	Mar-2016	Mar-2015	Mar-2014	Mar-2013	Mar-2012	Mar-2011	Mar-2010
Book Value Per Share Annual Rs	59.8	52.4	42.3	38.0	170.7	149.9	128.9	107.5	188.5
RoA Annual %	10.89%	10.86%	17.9%	12.74%	14.08%	12.99%	11.53%	11.15%	13.29%
ROE Annual %	19.05%	16.46%	27.05%	19.56%	22.47%	19.85%	18.99%	18.05%	20.11%
ROCE Annual %	17.48%	15.84%	26.2%	18.84%	20.22%	17.89%	17.59%	16.34%	17.58%
Profitability Ratio
EBDIT Annual Margin %	14.33%	15.62%	15.02%	14.34%	14.52%	12.86%	12.8%	12.43%	12.97%
EBIT Annual Margin %	12.61%	13.67%	13.32%	12.67%	13.17%	11.49%	11.56%	11.41%	12.03%
PBT Annual Margin %	12.46%	12.53%	16.81%	12.33%	12.6%	10.82%	10.33%	10.75%	11.74%
Net Profit Margin Annual %	8.75%	8.78%	13.15%	8.87%	10.14%	8.79%	8.44%	8.39%	9.23%
Asset Turnover Annual %	124.41%	123.69%	136.1%	143.57%	138.89%	147.81%	136.59%	132.78%	144.03%
Liquidity Ratio
Current Ratio Annual	1.5	2.0	1.9	1.2	1.5	1.4	1.1	1.0	1.3
Quick Ratio Annual	0.8	1.4	1.3	0.6	0.8	0.6	0.4	0.3	0.6
Dividend Payout to NP Annual %	30.7%	34.77%	52.38%	40.29%	39.11%	25.19%	26.55%	12.88%	10.13%
Dividend Payout CP Annual %	25.67%	28.46%	46.4%	33.91%	34.52%	21.79%	23.16%	11.49%	9.19%
Earning Retention Annual %	69.3%	65.23%	47.62%	59.71%	60.89%	74.81%	73.45%	87.12%	89.87%
Cash Earning Retention Annual %	74.33%	71.54%	53.6%	66.09%	65.48%	78.21%	76.84%	88.51%	90.81%
Valuation Ratio
EnterpriseValue Annual Cr	29,071.1	27,515.2	18,783.5	18,573.0	11,133.2	7,944.2	7,096.4	4,684.1	3,653.0
EV Per Net Sales Annual	3.6	4.5	3.5	3.5	2.4	1.9	2.0	1.6	1.5
Price To Book Value Annual	8.2	8.9	7.6	8.0	5.4	4.3	4.4	3.5	3.2
EV Per EBITDA Annual	24.9	28.7	23.0	24.7	16.2	14.6	15.3	13.1	11.4
Market Cap Per Sales Annual	3.7	4.8	3.7	3.6	2.5	1.9	2.0	1.6	1.5
Retention Ratio Annual %	69.29%	65.22%	47.61%	59.7%	60.88%	74.8%	73.44%	87.11%	89.86%
Earnings Yield Annual	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.1	0.1
Cash Earning Retention Annual %	74.33%	71.54%	53.6%	66.09%	65.48%	78.21%	76.84%	88.51%	90.81%
Total Debt to Total Equity Annual	0.0	0.1	0.0	0.0	0.1	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:: 59.82 Rs
3 Years:: 51.51 Rs
5 Years:: 72.65 Rs
7 Years:: 91.72 Rs

Annual RoA Annual % Analysis

RoA Annual % is growing faster than historical averages.

1 Year:: 10.89 %
3 Years:: 13.22 %
5 Years:: 13.29 %
7 Years:: 13.0 %


Indicator	Mar-2018	Mar-2017	Mar-2016	Mar-2015	Mar-2014	Mar-2013	Mar-2012	Mar-2011	Mar-2010
Book Value Per Share Annual Rs	59.8	52.6	48.7	29.1	133.5	115.6	76.6	52.4	64.2
RoA Annual %	10.02%	9.56%	29.63%	7.97%	8.36%	13.0%	8.85%	8.51%	2.22%
ROE Annual %	17.76%	15.09%	42.94%	21.19%	26.79%	40.31%	38.71%	46.43%	17.38%
ROCE Annual %	25.03%	24.44%	22.54%	15.16%	15.64%	22.41%	20.93%	19.25%	5.56%
Profitability Ratio
EBDIT Annual Margin %	14.25%	15.53%	11.09%	9.0%	9.57%	9.68%	10.71%	10.34%	6.14%
EBIT Annual Margin %	12.53%	13.57%	9.32%	7.38%	8.16%	8.17%	9.26%	8.91%	4.6%
PBT Annual Margin %	11.99%	11.62%	19.94%	6.63%	7.25%	9.15%	7.29%	7.24%	2.99%
Net Profit Margin Annual %	8.11%	8.1%	17.05%	4.49%	5.45%	8.02%	5.67%	5.41%	1.28%
Asset Turnover Annual %	123.29%	119.08%	173.5%	177.37%	153.36%	162.08%	156.1%	157.5%	173.84%
Liquidity Ratio
Current Ratio Annual	1.5	2.1	2.3	1.3	1.5	1.5	1.1	1.1	1.0
Quick Ratio Annual	0.8	1.5	1.7	0.7	0.9	0.8	0.5	0.5	0.5
Dividend Payout to NP Annual %	33.03%	37.9%	28.82%	48.6%	41.94%	16.09%	21.92%	10.27%	33.23%
Dividend Payout CP Annual %	27.25%	30.47%	26.12%	35.74%	33.32%	13.54%	17.44%	8.12%	15.08%
Earning Retention Annual %	66.97%	62.1%	71.18%	51.4%	58.06%	83.91%	78.08%	89.73%	66.77%
Cash Earning Retention Annual %	72.75%	69.53%	73.88%	64.26%	66.68%	86.46%	82.56%	91.88%	84.92%
Valuation Ratio
EnterpriseValue Annual Cr	29,050.7	27,497.6	18,760.2	18,572.2	11,546.0	8,442.7	7,770.5	5,410.8	4,578.0
EV Per Net Sales Annual	3.6	4.5	2.5	2.2	1.4	1.2	1.2	1.0	0.8
Price To Book Value Annual	8.2	8.9	6.6	10.5	7.0	5.6	7.5	7.1	9.3
EV Per EBITDA Annual	25.0	28.8	22.2	24.1	14.7	12.0	11.1	9.3	13.7
Market Cap Per Sales Annual	3.7	4.8	2.6	2.2	1.4	1.1	1.1	0.8	0.7
Retention Ratio Annual %	66.96%	62.09%	71.17%	51.39%	58.05%	83.9%	78.07%	89.72%	66.76%
Earnings Yield Annual	0.0	0.0	0.1	0.0	0.0	0.1	0.1	0.1	0.0
Cash Earning Retention Annual %	72.75%	69.53%	73.88%	64.26%	66.68%	86.46%	82.56%	91.88%	84.92%
Total Debt to Total Equity Annual	0.0	0.1	0.0	0.2	0.5	0.6	0.9	1.5	2.5

Annual Book Value Per Share Annual Rs Analysis

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

1 Year:: 59.78 Rs
3 Years:: 53.69 Rs
5 Years:: 64.74 Rs
7 Years:: 73.7 Rs

Annual RoA Annual % Analysis

RoA Annual % is stable compared to historical averages.

1 Year:: 10.02 %
3 Years:: 16.4 %
5 Years:: 13.11 %
7 Years:: 12.48 %

Balance Sheet

Standalone
Consolidated

All values except ratios in INR(Crores)


Indicator	Mar-2018	Mar-2017	Mar-2016	Mar-2015	Mar-2014	Mar-2013	Mar-2012	Mar-2011	Mar-2010
Total ShareHolders Funds Annual Cr	3,739.2	3,273.6	2,644.2	2,375.8	2,129.8	1,870.2	1,608.3	1,340.8	1,134.1
Equity Share Capital Annual Cr	62.5	62.5	62.5	62.4	62.4	62.4	62.4	62.4	30.1
Total Share Capital Annual Cr	62.5	62.5	62.5	62.4	62.4	62.4	62.4	62.4	30.1
Reserves Plus Surplus Annual Cr	3,676.6	3,211.1	2,581.7	2,313.3	2,067.5	1,807.8	1,545.9	1,278.4	1,104.0
Total Reserves Plus Surplus Annual Cr	3,676.6	3,211.1	2,581.7	2,313.3	2,067.5	1,807.8	1,545.9	1,278.4	1,104.0
Minority Interest Liability Annual Cr
Total Non Current Liabilities Annual Cr	335.0	127.4	85.7	91.2	237.4	205.6	127.9	140.3	161.4
Deferred Tax Liabilities Annual Cr	206.9	113.8	74.9	43.4	51.7	61.9	55.6	53.6	48.5
Other LongTerm Liabilities Annual Cr	23.2	4.6	4.1	1.4	40.3	33.3	2.7	0.8	0.0
Total Current Liabilities Annual Cr	2,467.2	1,559.0	1,264.8	1,181.8	1,030.9	782.5	910.7	689.0	418.4
Trade Payables Annual Cr	1,634.0	629.6	436.3	394.5	439.6	399.0	542.5	428.2	306.0
Other Current Liabilities Annual Cr	652.2	621.2	440.8	463.7	305.1	226.8	211.8	187.0	90.0
Short Term Provisions Annual Cr	154.1	110.2	387.6	323.6	273.8	156.8	128.6	57.5	20.1
Total Capital Plus Liabilities Annual Cr	6,541.4	4,960.0	3,994.6	3,648.8	3,398.1	2,858.3	2,646.9	2,170.2	1,715.7
Fixed Assets Annual Cr	2,809.2	1,293.9	1,082.0	1,007.3	934.1	913.5	834.0	730.3	601.2
Tangible Assets Annual Cr	1,247.9	1,191.7	1,050.6	976.2	897.1	894.6	772.1	703.5	567.2
Intangible Assets Annual Cr	1,483.5	18.2	10.8	8.6	9.2	9.1	5.5	5.2	4.4
Capital Work In Progress Annual Cr	24.1	11.9	20.5	22.1	27.8	9.8	56.4	21.7	29.7
Total Non Current Assets Annual Cr	2,908.7	1,785.1	1,615.9	2,241.2	1,888.1	1,764.9	1,650.8	1,475.6	1,154.4
Non Current Investments Annual Cr	41.7	389.1	460.3	1,011.8	882.5	791.9	775.1	715.5	531.7
Deferred Tax Assets Annual Cr	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	21.5
Long Term Loans Plus Advances Annual Cr	0.0	0.0	73.2	46.8	71.2	59.4	41.5	29.5	0.0
Other Non Current Assets Annual Cr	57.8	102.1	0.4	175.4	0.3	0.0	0.3	0.3	0.0
Total Current Assets Annual Cr	3,616.4	3,174.8	2,378.7	1,407.6	1,510.0	1,093.4	996.1	694.6	561.3
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	325.4	228.5	157.6	132.5	136.5	130.2	159.7	111.8	79.5
Cash Plus Cash Equivalents Annual Cr	1,526.2	1,937.5	1,344.2	522.3	626.2	246.5	136.2	49.2	68.3
Short Term Loans Plus Advances Annual Cr	0.0	0.0	56.5	41.1	44.9	41.1	39.7	52.4	82.8
Other Current Assets Annual Cr	159.5	80.4	35.9	21.9	19.7	12.6	11.7	11.3	0.0
Total Assets Annual Cr	6,541.4	4,960.0	3,994.6	3,648.8	3,398.1	2,858.3	2,646.9	2,170.2	1,715.7
Contingent Liabilities plus Commitments Annual Cr	103.5	104.4	292.9	492.0	524.9	604.7	1,047.1	504.7	241.7
Bonus Equity Share Capital Annual Cr	51.6	51.6	51.6	51.6	51.6	51.6	51.6	51.6	20.4
Non Current Investments Unquoted BookValue Annual Cr	0.0	175.2	309.6	1,011.8	882.5	791.9	775.1	715.5	531.7
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 higher than historical averages.

1 Year:: 0.02
3 Years:: 0.01
5 Years:: 0.02
7 Years:: 0.03

Annual Total Assets Annual Cr Analysis

Total Assets Annual Cr growth is higher than historical averages.

1 Year:: 6,541.41 Cr
3 Years:: 5,165.34 Cr
5 Years:: 4,508.59 Cr
7 Years:: 4,006.89 Cr


Indicator	Mar-2018	Mar-2017	Mar-2016	Mar-2015	Mar-2014	Mar-2013	Mar-2012	Mar-2011	Mar-2010
Total ShareHolders Funds Annual Cr	3,729.2	3,276.8	3,027.7	1,818.2	1,666.0	1,442.0	955.6	653.7	400.2
Equity Share Capital Annual Cr	62.5	62.5	62.5	62.4	62.4	62.4	62.4	62.4	31.2
Total Share Capital Annual Cr	62.5	62.5	62.5	62.4	62.4	62.4	62.4	62.4	31.2
Reserves Plus Surplus Annual Cr	3,666.7	3,214.3	2,965.2	1,755.7	1,603.6	1,379.7	893.2	591.4	369.0
Total Reserves Plus Surplus Annual Cr	3,666.7	3,214.3	2,965.2	1,755.7	1,603.6	1,379.7	893.2	591.4	369.0
Minority Interest Liability Annual Cr	7.7	9.1	14.9	0.1	0.1	0.1	0.1	0.6	0.2
Total Non Current Liabilities Annual Cr	340.6	133.0	108.2	723.6	1,186.5	1,151.4	811.6	921.9	768.9
Deferred Tax Liabilities Annual Cr	211.7	118.4	90.9	43.4	51.7	61.9	55.6	55.9	68.7
Other LongTerm Liabilities Annual Cr	23.2	4.6	2.9	1.4	40.3	48.9	15.4	13.6	0.0
Total Current Liabilities Annual Cr	2,530.1	1,750.5	1,236.9	2,289.3	2,484.9	1,878.3	2,408.0	1,987.3	1,874.1
Trade Payables Annual Cr	1,640.0	633.5	500.5	1,051.1	1,197.2	932.9	1,069.9	817.8	649.4
Other Current Liabilities Annual Cr	701.2	798.3	539.7	816.5	825.5	672.6	700.6	674.6	906.1
Short Term Provisions Annual Cr	154.5	110.4	112.7	352.1	343.8	181.0	207.6	119.5	32.1
Total Capital Plus Liabilities Annual Cr	6,607.5	5,169.3	4,387.6	4,831.2	5,337.5	4,471.8	4,175.4	3,563.5	3,123.1
Fixed Assets Annual Cr	2,518.5	1,298.4	1,231.1	1,221.2	1,206.8	1,155.5	1,094.6	1,020.4	1,242.2
Tangible Assets Annual Cr	1,307.8	1,254.6	1,186.0	1,158.1	1,127.7	1,093.2	988.6	962.9	883.0
Intangible Assets Annual Cr	1,186.7	31.9	24.5	24.4	34.7	37.5	39.8	32.6	325.6
Capital Work In Progress Annual Cr	24.1	11.9	20.5	38.3	44.4	24.9	66.3	24.9	33.6
Total Non Current Assets Annual Cr	2,900.8	1,578.1	1,481.5	1,870.0	1,730.5	1,599.8	1,503.6	1,395.1	1,284.3
Non Current Investments Annual Cr	0.0	161.7	188.7	0.0	0.0	0.0	0.0	0.0	0.0

Havells India Ltd.

Analyst Rating

No of reports

34

Recommendation upgrades

1

Recommendation downgrade

2

Featured In Screens

14

Price to Book Value

12.37

Revenue Qtr Cr s

2,518.43 Cr

Net Profit Qtr Cr s

195.67 Cr

RSI

61.34

MFI

77.23

MACD

14.49

MACD signal

11.68

SMA 30

721.60

SMA 50

713.85

SMA 100

695.17

SMA 200

651.87

Promoter holding %

59.55

FII holding %

26.54

MF holding %

4.41

Institutional holding %

31.44

Peer Group

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Quarterly Results

Quarterly Revenue Qtr Cr Analysis

Quarterly Net Profit Qtr Cr Analysis

Quarterly Revenue 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