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Havells India Share Price Live

HAVELLS

Large Cap | Consumer Durables

1914.60

-3.90 (-0.20%)

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Havells India Ltd Corporate Actions

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About Havells India

Havells India Limited is a leading Fast Moving Electrical Goods (FMEG) company and a major power distribution equipment manufacturer with a strong global presence. The company commenced trading operations in Delhi in 1958. It bought Havells brand in 1971. Havells India established the first manufacturing plant for rewirable switches and changeovers in 1976. It acquired Towers and Transformers Ltd in 1983 and made it a profitable Energy Meters company within 1 year. Havells India Limited set up a new manufacturing plant for Changeover Switches in Sahibabad, UP, in 1990. After 3 years (1993), the company was listed on the NSE and BSE after an IPO. The company expanded its presence in India with the acquisition of a wires and cables plant in Alwar, Rajasthan, in 1996 from Surya Cable. As a result, the company forayed into the wires and cables sector. In 2000, Havells acquired a controlling stake in industry major Standard Electricals Ltd. It expanded its presence in other sectors, such as fan, by establishing a manufacturing plant in Haridwar, Uttarakhand, in 2005. Standard Electricals Ltd was merged with Havells India Limited in 2011. The company rolled out its personal grooming business in 2017 and acquired the consumer durables business of Lloyd Electric and Engineers Ltd in the same year. As a result, it entered into other businesses such as air conditioning, LED TV and washing machines.

Business Segments

  • Switchgear: Under this segment, the company is involved in manufacturing domestic switch gears, capacitors, switches and industrial switch gears. The company derived ~12.6% of revenue from operations from the segment in FY 2023.
  • Cables: The company is engaged in making power cables and flexible cables under this segment. The segment generated 32.8% of revenue in FY 2023.
  • Lighting and Fixtures: Havells India Limited is engaged in the manufacturing of professional luminaires and consumer luminaires under this segment. The segment generated a revenue contribution of 9.5% in FY 2023.
  • Electrical Consumer Durables (ECD): Under this segment, the company manufactures fans, appliances and water heaters. The segment generated 19.5% of revenue in FY 2023.
  • Lloyd Consumer: The company is engaged in the production of air conditioners, televisions, washing machines and refrigerators through this segment. It derived ~4.9% of revenue in FY 2023.
  • Others: Under this segment, the company is engaged in the manufacturing of motors, solar pumps, water purifiers, and personal grooming products (PGPs). The company generated ~5.6% of revenue in FY 2023.

Subsidiary

As of March 31, 2023, Havells India has one direct overseas subsidiary - Havells Guangzhou International Limited. It is based in China and is engaged in the manufacturing of heating equipment and other consumer products.

Key Personnel

Shri Anil Rai Gupta, Chairman & Managing Director Shri Anil Rai Gupta is the Chairman & Managing Director of Havells India Limited. He joined Havells in 1992 under the mentorship of his father, the Late Shri Qimat Rai Gupta. Under his leadership, the company expanded from industrial switchgear to consumer goods and, lately, to consumer durables with the acquisition of Lloyd. He is a graduate in economics from Sri Ram College of Commerce, Delhi University, and an MBA from Wake Forest University, North Carolina. 

Corporate Action

  • In 2010, the company announced a bonus issue in a ratio of 1:1 with a record date of October 08, 2010.

Management Outlook

  • In the switches category, the company believes that the growing acceptance of smart and connected technologies is pushing the transition towards smart homes. Hence, the company is focused on the expansion of its smart portfolio and adding new product lines. 
  • Havells is optimistic that the increased government spending and focus on infrastructure development, health institutes, educational institutes, expansion of the 5G network, development of manufacturing hubs, etc., would likely be a growth driver for the cable business.

Parent Organisation
Indian Private
Managing Director
Anil Rai Gupta
Founded
1983
NSE Symbol
HAVELLS

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Community Discussion

A
AngelOne
29th May, 2024
Havells Incorporates Joint Venture With KRUT LED Havells enters into a joint venture with KRUT LED, aiming to expand its U.S. market presence, leveraging a $12 million investment and exclusive licensing. Havells India Limited has announced a joint venture with KRUT LED, aiming to expand its presence in the U.S. lighting market. The partnership, formalized yesterday, showcases a significant step for Havells as it collaborates with the South Carolina-based company, KRUT LED, to market and sell lighting products in the United States. Agreement Overview The joint venture agreement was signed between Havells International Inc. (HII), a wholly-owned subsidiary of Havells India Limited, and KRUT LED. The newly formed entity, Havells Lighting LLC, will see Havells International Inc. holding a 68.75% stake, while KRUT LED will hold 31.25%. Investments The agreement stipulates a combined investment of up to $12 million from both parties. An initial investment of $5 million will be made, with subsequent investments up to the remaining $7 million. These funds will be allocated in accordance with the agreed ownership proportions. Licensing and Exclusivity Havells India Limited has granted an exclusive license to HLL for marketing its lighting products and solutions within the U.S. valid till the year 2028, with potential extensions based on achieving specific revenue targets. This move is expected to strengthen Havells’ market position in the U.S., leveraging KRUT LED’s local market network. Management and Expansion Havells International Inc. will have the majority representation on the board of HLL, ensuring significant influence over strategic decisions. This structure is designed to align the new entity closely with Havells’ broader business objectives and corporate governance standards. This joint venture marks a major expansion for Havells into the competitive U.S. market. By combining resources and expertise with KRUT LED, Havells has plans to enhance its product portfolio and market reach, thus driving growth for the company. Conclusion The joint venture between Havells International Inc. and KRUT LED, LLC, reflects a strategic move to penetrate the U.S. lighting market. With a strong investment plan, exclusive licensing, and a clear structure, Havells seems well-positioned to achieve significant growth and strengthen its global footprint. Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions. Angel One Havells Share Price Today - Buy/Sell Havells India Stock | Angel One Havells Share Price - Get Havells India LIVE BSE/NSE Stock price with latest research reports, balance sheet and share price history of Havells India at Angel One.
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Havells India Ltd FAQs

Havells India Ltd (HAVELLS) share price as of October 7, 2024, on NSE is Rs 1914.6 (NSE) and Rs 1914.6 (BSE) on BSE.
Yes, You can buy Havells India Ltd (HAVELLS) shares by opening a Demat account with Angel One.
Havells India Ltd (HAVELLS) share can be bought through the following modes:
1. Direct investment: You can buy Havells India Ltd (HAVELLS) shares by opening a Demat account with Angel One.
2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Havells India Ltd (HAVELLS) shares.
The main business of Havells India, a Fast-Moving Electrical Goods (FMEG) company, is to manufacture industrial & domestic circuit protection devices, modular switches, home appliances, electric water heaters, power capacitors, cables & wires, motors, fans, and luminaires for industrial applications
The key promoters of Havells India are QRG Enterprises Limited, Shri Anil Rai Gupta as Managing Trustee of ARG Family Trust, QRG Investments and Holdings Limited, and Shri Surjit Kumar Gupta as Trustee of SKG Family Trust.
The two wholly owned subsidiaries that come under Havells India are Havells Holdings Limited and Havells Guangzhou International Limited.
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