HAVELLS

Havells India Limited · NSE · INE176B01034 · F&O · lot 500 · 272 sessions on record

₹1,040.00▲ +24.00 · +2.4%from ₹1,016.00 the session before · 1 Oct 2026 close · NSE end of day

Open: ₹1,020.00
High: ₹1,041.80
Low: ₹1,019.70
Day's range: ₹222.2% of the previous close
VWAP: ₹1,035.28close +0.46% from it
Volume, shares: 20 L2.44× the 20-session average
Turnover, ₹ crore: 210
Trades: 56,00036 shares per trade
Previous close: ₹1,016.00+24.00 to the close
Price band, next session: ₹936.00 – ₹1,144.0010% either side of the close · dynamic, widened in 5% steps when hit

Day range92% of the way up

₹1,019.70₹1,041.80

52-week range5% of the way up

₹1,015.10 30 Sept₹1,520.00 10 Oct

−32% from the high · +2.5% from the low

The desk read · 1 Octexpiry 27 Oct · 26 days

short covering

futures read

price +2.4% · OI −0.6%

+5.00

futures premium, ₹

+0.5% to spot ₹1,040.00

0.79

puts per call, by OI

by volume 0.50

1,080

max pain

+3.8% from the close

▼ −0.6%

futures OI on the day

−130 lots · 22,000 open

Short covering into a 26-day expiry: futures OI −0.6% on a +2.4% day, the most call OI sits at 1,100, the most put OI at 1,100, max pain 1,080.

Futures and options

1 Oct close · lot 500 · NSE end of day

HAVELLS futures closed at ₹1,045.00, +0.5% to spot, with 93% of open interest in the 27 Oct contract, and the 1,040 straddle prices a move of about ±6.1% by expiry.

Futures by expiryall 3 contracts NSE lists on the stock · basis against the spot close ₹1,040.00

Futures by expiry, basis against the spot close ₹1,040.00
Expiry	Close ₹	Basis ₹ · %	Annualised %	OI lots · on the day	Share of OI %	Contracts traded
27 Oct26 days	₹1,045.00	+5.00+0.5%	+6.8%	20,000▼ −0.5% · −95 lots	93	5,100
23 Nov53 days	₹1,042.70	+2.70+0.3%	+1.8%	1,500▼ −1.5% · −23 lots	6.8	200
29 Dec89 days	₹1,045.20	+5.20+0.5%	+2.0%	34▼ −20.9% · −9.0 lots	0.15	24

7.0% of futures OI sits beyond the 27 Oct contract · 51 of 79 listed contracts traded · 15,000 option contracts changed hands

Options27 Oct expiry · 26 days

The 1,040 straddle closed at ₹63.40 (call 34.15 + put 29.25), pricing a move of about ±6.1% by the 27 Oct expiry. In the last 253 windows of 19 sessions, HAVELLS moved more than that 99 times.

Call OI, lots: 6,10031 L shares
Put OI, lots: 4,80024 L shares
Puts per call, by OI: 0.79by volume 0.50
Max pain: 1,080+3.8% from the close
Contracts traded: 51 of 79listed for this expiry

Open interest by strike, lotstop three strikes each side

Calls

Strike

Puts

1,700

1,100

930

800

1,080

580

640

1,060

1,000

500

Open interest added on the day, lotsthree largest additions each side

Calls

Strike

Puts

+180

1,070

+42

1,050

+120

1,030

+31

1,020

+30

1,000

+25

Close ₹ · Nifty 50 rebased to the first close · futures open interest by the day's build-up126 sessions to 1 Oct · axis fixed at 4 × ATR-14 around the last close · hover or tap a session and the read beside the chart follows it

272 sessions on file · from 28 Aug

HAVELLS close
Nifty 50, rebased
long build-up · price up, OI up
short build-up · price down, OI up
short covering · price up, OI down
long unwinding · price down, OI down

Session read · latest close: 1 Oct 2026
Close ₹ · day %: ₹1,040.00▲ +2.4% on the previous close
Against Nifty 50: Nifty −0.9%+3.2 pp difference on the day
Futures OI, lots: 22,000−130 lots · −0.6% on the day
The day's build-up: short coveringprice +2.4% · OI −0.6%
Against the averages: below 20 · below 5020-session ₹1,102.60 (−5.7%) · 50-session ₹1,198.01 (−13%)
Volume: 2.44×the previous 20 sessions · 20 L shares
Extremes on the day: none

The market after the news

close against the last close before each bulletin · Nifty 50 over the same sessions

After the last 8 bulletins, HAVELLS closed higher five sessions later in 5 of 8.

Close after each bulletin on the day, one session later and five sessions later, with Nifty 50 and futures open interest
Bulletin	Day of the news	1 session later	5 sessions later	Futures OI on the day
21 JulHavells India misses EPS estimates by 33%	▲ +1.4%Nifty −0.2% · +1.6 pp	▲ +0.6%Nifty −1.0% · +1.6 pp	▲ +2.2%Nifty −1.0% · +3.3 pp	▼ −1.7%short covering
18 JulHavells plans ₹1,400 crore capex for cables and R&D	▲ +1.1%Nifty −0.4% · +1.5 pp	▲ +2.5%Nifty −0.6% · +3.1 pp	▲ +4.2%Nifty −1.4% · +5.6 pp	▼ −2.0%short covering
17 JulHavells India boosts Tumakuru expansion with ₹255 cr investment	▲ +1.1%Nifty −0.4% · +1.5 pp	▲ +2.5%Nifty −0.6% · +3.1 pp	▲ +4.2%Nifty −1.4% · +5.6 pp	▼ −2.0%short covering
17 JulHavells India boosts Tumakuru expansion with ₹255 cr capex	▲ +1.4%Nifty +1.1% · +0.3 pp	▲ +2.5%Nifty +0.7% · +1.9 pp	▲ +4.8%Nifty −1.3% · +6.1 pp	0.0%short covering
10 JulHavells India upgraded to hold on technical improvements	▼ −0.8%Nifty 0.0% · −0.8 pp	▼ −0.1%Nifty −0.6% · +0.6 pp	▲ +1.0%Nifty +0.1% · +0.9 pp	▲ +2.8%short build-up
10 JulHavells India upgraded to hold on technical improvements	▼ −0.2%Nifty +1.0% · −1.2 pp	▼ −1.0%Nifty +1.0% · −2.0 pp	▼ −0.3%Nifty +1.6% · −1.8 pp	▲ +3.1%short build-up
4 JulHavells India downgraded to sell amid valuation concerns	0.0%Nifty +0.7% · −0.6 pp	▲ +3.7%Nifty +0.5% · +3.2 pp	▼ −0.2%Nifty −0.3% · +0.1 pp	▼ −0.4%short covering
4 JulHavells India valuation metrics indicate caution for investors	0.0%Nifty +0.7% · −0.6 pp	▲ +3.7%Nifty +0.5% · +3.2 pp	▼ −0.2%Nifty −0.3% · +0.1 pp	▼ −0.4%short covering

8 of 12 bulletins

Quarterly results

consolidated · latest filed 17 Jul, 05:40 pm IST · NSE filings

Revenue ₹6,518 cr, +19% on a year earlier; profit ₹290 cr, −17% in the Jun 2026 quarter, consolidated.

Last 8 quarters, consolidated₹ crore as filed · year on year against the same quarter a year earlier · market: close on the first session after the filing against the last close before it, Nifty 50 over the same session

Quarterly results of HAVELLS on the consolidated basis with the market's move on the first session after each filing
Quarter	Revenue ₹ cr	Revenue YoY	Profit ₹ cr	Profit YoY	EPS ₹	Market on the day
Jun 2026filed 17 Jul	₹6,518 cr	▲ +19%	₹290 cr	▼ −17%	4.62	▲ +1.1%Nifty −0.4% · +1.5 pp
Mar 2026filed 22 Apr · audited	₹6,705 cr	▲ +2.5%	₹723 cr	▲ +40%	11.52	▼ −6.5%Nifty −0.8% · −5.7 pp
Dec 2025filed 19 Jan	₹5,588 cr	▲ +14%	₹300 cr	▲ +8.0%	4.79	▼ −7.0%Nifty −1.4% · −5.6 pp
Sept 2025filed 17 Oct	₹4,779 cr	▲ +5.3%	₹318 cr	▲ +19%	5.08	▼ −0.4%Nifty +0.5% · −0.9 pp
Jun 2025filed 21 Jul	₹5,455 cr	▼ −6.0%	₹348 cr	▼ −15%	5.54	▲ +3.1%Nifty −0.1% · +3.2 pp
Mar 2025filed 22 Apr · audited	₹6,544 cr	▲ +20%	₹517 cr	▲ +16%	8.25	▼ −3.2%Nifty +0.7% · −3.8 pp
Dec 2024filed 17 Jan	₹4,889 cr	▲ +11%	₹278 cr	▼ −3.5%	4.43	▲ +1.0%Nifty −0.5% · +1.5 pp
Sept 2024filed 17 Oct	₹4,539 cr	▲ +16%	₹268 cr	▲ +7.5%	4.28	▲ +2.5%Nifty +0.4% · +2.0 pp

By financial yearApril to March · each year the sum of its four quarters as filed, consolidated · EPS summed across the quarters · only complete years

Financial-year results of HAVELLS on the consolidated basis, summed from the quarters filed
Year	Revenue ₹ cr	Revenue YoY	Profit ₹ cr	Profit YoY	EPS ₹
FY26to Mar 2026	₹22,528 cr	▲ +3.4%	₹1,689 cr	▲ +15%	26.93
FY25to Mar 2025	₹21,778 cr	▲ +17%	₹1,470 cr	▲ +16%	23.44
FY24to Mar 2024	₹18,590 cr	—	₹1,271 cr	—	20.27

Fundamentals

consolidated · filings to Jun 2026 · close ₹1,040.00 on 1 Oct

HAVELLS trades at 40 times trailing earnings against 42 for its industry, 6.9 times book value, revenue +10% over twelve months, a 1.9% dividend yield, market cap ₹65,000 cr.

Valuationarithmetic on filings and the close · each cell names what it rests on · — where an input is missing

Market cap: ₹65,000 cron 1 Oct · free float ₹27,000 cr
Price to earnings: 40consolidated · four quarters to Jun 2026 · industry 42
Trailing EPS: ₹26.01diluted · consolidated · four quarters to Jun 2026
Price to book: 6.9consolidated · balance sheet to Mar 2026
Book value a share: ₹150.88consolidated · balance sheet to Mar 2026 · over NSE's share count
Debt to equity: 0.00borrowings over equity · consolidated · balance sheet to Mar 2026
Return on equity: 18%trailing profit over average equity · consolidated
Dividend yield: 1.9%₹20.00 a share in 365 days
Face value: ₹1a share
Shares outstanding: 63 cron 1 Oct

Growthsums of the four quarters filed to Jun 2026 · growth against the four quarters before them · consolidated

Revenue, trailing 12 months: ₹23,591 crfour quarters to Jun 2026
Revenue growth, 12 months: ▲ +10%against the twelve months before
Revenue 2-year CAGR: ▲ +9.8%trailing twelve months against the twelve months 2 years earlier · consolidated
Profit, trailing 12 months: ₹1,631 crfour quarters to Jun 2026
Profit growth, 12 months: ▲ +16%against the twelve months before
Profit 2-year CAGR: ▲ +8.3%trailing twelve months against the twelve months 2 years earlier · consolidated

PeersBSE sub-group Consumer Electronics · F&O stocks with filings on record · industry P/E 42, market caps over trailing profit of 3 stocks

Stocks in the BSE sub-group Consumer Electronics with market cap, price to earnings and price to book
Stock	Market cap ₹	P/E	P/B	Close ₹
DIXONDixon Technologies (India) Limited	78,000 cron 1 Oct	37consolidated	14	₹12,700.00
HAVELLSHavells India Limited	65,000 cron 1 Oct	40consolidated	6.9	₹1,040.00
PGELPG Electroplast Limited	14,000 cron 1 Oct	67consolidated	4.5	₹481.10
IKIOIKIO Technologies Limited	1,500 cron 1 Oct	—	2.4	₹190.95
ONIDAOnida Electronics Limited	1,200 cron 1 Oct	—	4.9	₹31.35
VETOVeto Switchgears And Cables Limited	260 cron 1 Oct	—	0.90	₹136.80
BPLBPL Limited	220 cron 1 Oct	—	0.59	₹45.30
KHAITANLTDKhaitan (India) Limited	70 cron 1 Oct	—	2.1	₹147.20
UNIVPHOTOUniversus Photo Imagings Limited	—	—	—	—

Shareholding

quarter to 30 Jun · none pledged · NSE filings

Promoters hold 59.4%, foreign portfolio investors 15.9%, mutual funds 7.9% and insurance companies 9.3%, as filed for the quarter to 30 Jun.

59.4%15.9%9.3%

By category, last 5 quarterspercent of shares · beneath each figure, the change in percentage points against the previous quarter on file

Shareholding of HAVELLS by category over the last 5 quarters with the change against the previous quarter
Category	30 Jun	31 Mar	31 Dec	30 Sept	30 Jun
Promoters	59.35▼ −0.03 pp	59.380.00 pp	59.380.00 pp	59.380.00 pp	59.38
Foreign portfolio investors	15.91▼ −1.02 pp	16.93▼ −1.03 pp	17.96▼ −1.32 pp	19.28▼ −2.31 pp	21.59
Mutual funds	7.86▲ +0.99 pp	6.87▲ +0.10 pp	6.77▲ +0.35 pp	6.42▲ +0.87 pp	5.55
Insurance companies	9.29▲ +0.04 pp	9.25▲ +0.79 pp	8.46▲ +0.83 pp	7.63▲ +1.25 pp	6.38
Banks and financial institutions	1.12▼ −0.49 pp	1.61▲ +0.14 pp	1.470.00 pp	1.47▲ +0.05 pp	1.42
Individual investors	5.65▲ +0.51 pp	5.14▼ −0.02 pp	5.16▲ +0.15 pp	5.01▲ +0.21 pp	4.80
Bodies corporate	0.35▼ −0.02 pp	0.37▲ +0.03 pp	0.340.00 pp	0.34▼ −0.04 pp	0.38
Others	0.47▲ +0.02 pp	0.45▼ −0.01 pp	0.46▼ −0.01 pp	0.47▼ −0.03 pp	0.50

Corporate actions

NSE and BSE records

Nothing upcoming on record; the last was a dividend of ₹6.00 a share, ex-date 22 May 2026.

Actionsex-dates · upcoming first, then the last eight · dividends in rupees a share, bonus and split as ratios

Corporate actions of HAVELLS, upcoming first, then the most recent
Ex-date	Action	Amount or ratio	Record date	Source
recent
22 May 2026	dividend	₹6.00	24 May 2026	BSE
23 Jan 2026	dividend	₹4.00	23 Jan 2026	BSE
23 May 2025	dividend	₹6.00	25 May 2025	BSE
22 Jan 2025	dividend	₹4.00	22 Jan 2025	BSE
31 May 2024	dividend	₹6.00	—	BSE
1 Feb 2024	dividend	₹3.00	1 Feb 2024	BSE

Calendaras notified to the exchange

Next results: —no board meeting notified yet
Dividends in 365 days: ₹20.00a share · ex-dates inside the year
Last dividend: ₹6.00ex-date 22 May 2026

Price history

272 sessions on record · to 1 Oct · NSE end of day

HAVELLS is −12.8% over 20 sessions against Nifty's −6.2%, 32% below its 52-week high, realised volatility 30% annualised.

Returns against Nifty 50longest window first · Nifty 50 over the same sessions

Returns of the stock and Nifty 50 over six windows, longest first
Window	From ₹	HAVELLS %	Nifty 50 %	Difference pp
250 sessionssince 26 Sept	₹1,507.46	▼ −31%	▼ −9.1%	−22
120 sessionssince 9 Apr	₹1,256.95	▼ −17%	▼ −5.7%	−12
60 sessionssince 8 Jul	₹1,207.76	▼ −14%	▼ −6.1%	−7.8
20 sessionssince 2 Sept	₹1,192.93	▼ −13%	▼ −6.2%	−6.6
5 sessionssince 24 Sept	₹1,090.03	▼ −4.6%	▼ −2.8%	−1.8
1 sessionsince 30 Sept	₹1,016.02	▲ +2.4%	▼ −0.88%	+3.2

Averages of the closeclose against each average

5-session average: ₹1,056.16close −1.5% from it
20-session average: ₹1,102.60close −5.7% from it
50-session average: ₹1,198.01close −13% from it
200-session average: ₹1,266.41close −18% from it

Range and volumetrue range over 14 sessions · high to low over 20 · volume against the 20-session average

Average true range, 14: ₹262.5% of the close
Average day's range, 20: ₹222.1% of the close
Volume against 20 sessions: 2.44×20 L vs 9.0 L average

Volatility and co-movement with Nifty 50annualised from daily log returns · counts share one denominator per cell

Realised volatility, 20: 30%≈ ±1.9% a session · moved more than that on 7 of 20
Realised volatility, 60: 23%≈ ±1.4% a session · moved more than that on 16 of 60
Realised volatility, 250: 24%≈ ±1.5% a session · moved more than that on 58 of 250
Beta to Nifty, 60: 0.60moved with Nifty on 31 of 60 sessions
Beta to Nifty, 250: 1.01moved with Nifty on 167 of 250 sessions

Up and down sessionscloses above and below the previous close

Last 20 sessions: 7 up · 13 downof 20
Last 60 sessions: 26 up · 34 downof 60
Last 250 sessions: 120 up · 130 downof 250
Best session, 250: ▲ +3.7%18 Sept
Worst session, 250: ▼ −7.0%20 Jan

13 bulletins on HAVELLS

latest 1 Oct 2026

Beats in the coverage

October 2026

1 Oct Havells India valuation shifts signal price attractivenessHavells India's PE ratio improved to 38.23, indicating enhanced valuation attractiveness compared to KEI Industries at 42.77. The EV/EBITDA ratio of 28.65 further supports its competitive position in the midcap sector.Medium

July 2026

21 Jul Havells India misses EPS estimates by 33%Havells India Limited reported Q1 earnings with revenues of ₹65b, meeting expectations, but EPS missed by 33% at ₹4.62. Analysts have revised forecasts, projecting revenues of ₹260.8b for 2027, indicating an 11% improvement.Medium 18 Jul Havells plans ₹1,400 crore capex for cables and R&DHavells India announced ₹1,400 crore capex for FY27, focusing on cables capacity and R&D. The cables segment revenue rose 27% YoY to ₹2,456 crore, indicating strong growth and strategic investment in renewables.Medium 17 Jul Havells India boosts Tumakuru expansion with ₹255 cr investmentHavells India approved an additional ₹255 crore for its Tumakuru cable plant expansion, raising total investment to ₹540 crore. The project aims to increase annual capacity to 7,34,640 Kms by December 2027, enhancing production capabilities significantly.Medium 17 Jul Havells India boosts Tumakuru expansion with ₹255 cr capexHavells India announced an additional ₹255 crore investment for its Tumakuru cable plant, raising total expansion costs to ₹540 crore. The project aims to increase annual capacity to 7,34,640 Kms by December 2027, enhancing production capabilities significantly.Medium 10 Jul Havells India upgraded to hold on technical improvementsHavells India Ltd. was upgraded to a hold rating by MarketsMOJO, reflecting technical improvements. The shift from bearish to mildly bearish indicates emerging positive momentum, though monthly indicators still show caution among investors.Medium 10 Jul Havells India upgraded to hold on technical improvementsHavells India Ltd. was upgraded to a hold rating by MarketsMOJO due to improvements in technical trends, shifting from bearish to mildly bearish. Weekly indicators suggest emerging positive momentum, though monthly signals remain cautious.Medium 4 Jul Havells India downgraded to sell amid valuation concernsHavells India has been downgraded to sell amid valuation concerns and underperformance. Despite a net debt-free status, the company reported a 40.3% surge in profit before tax to ₹6,213.6 cr and net sales reaching ₹67,052 cr.Medium 4 Jul Havells India valuation metrics indicate caution for investorsHavells India's PE ratio has risen to 41.99, indicating a premium valuation that raises caution among investors. The PBV ratio is at 7.65, reflecting market confidence but also concerns about safety margins amid underperformance.Medium 3 Jul Havells India valuation metrics signal caution for investorsHavells India's PE ratio has reached 419.9, signaling a premium valuation. The PBV ratio at 7.65 and elevated EV multiples indicate strong earnings expectations but raise caution about potential overvaluation.Medium 2 Jul Havells India downgraded to sell amid valuation concernsHavells India has been downgraded to sell amid valuation concerns despite strong fundamentals. The company reported a 40.3% increase in PBT to ₹6,213.6 cr and record net sales of ₹67,052 cr, but market sentiment remains cautious.Medium 1 Jul Havells India downgraded to sell amid valuation concernsHavells India has been downgraded to sell amid valuation concerns despite strong fundamentals. The company reported a PBT surge of 40.3% to ₹62,136 cr and record net sales of ₹670,520 cr, highlighting operational efficiency but facing market challenges.Medium

June 2026

24 Jun Havells India downgraded to sell amid valuation concernsHavells India has been downgraded to sell amid valuation concerns despite strong Q4 FY25-26 results showing net sales of ₹670,520 cr and PBT growth of 40.3%. Analysts are cautious due to underperformance in the current market environment.Medium

About Havells India Limited

exchange masters as of 18 Sept 2026 · classification by BSE

Company: Havells India Limited
Exchange: NSE · BSE 517354, group A
Listed on NSE: 21 Mar 2001
Classification: Consumer Discretionary › Consumer Durables › Consumer Electronics
Index: BSE 100
Face value: ₹1 a share
ISIN: INE176B01034
Sessions on record: 272
Price source: NSE UDiFF bhavcopy · end of day · delayed
Filings: NSE and BSE public disclosures · results, shareholding and corporate actions as filed
Computed: 1 Oct, 09:18 pm IST
Bulletins: 13 · written by the desk · not a recommendation

OI Charts is not a SEBI-registered investment adviser or research analyst. Prices, open interest, filings and the desk read are exchange data and arithmetic on it, not a basis for any investment decision.