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Havells India vs Crompton Greaves Consumer Electricals: Which Stock Should You Track

  • August 6, 2026
  • Posted by: Ankit Jaiswal
  • Category: News
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Havells India vs Crompton Greaves Consumer Electricals: Which Stock Should You Track

Havells India MCap Rs 80,704 Cr, PE 49.46x, ROE 17.88%, D/E 0.03. Crompton Greaves CE MCap Rs 17,128 Cr, PE N/A (loss-making), ROE 11.31%.

Havells India vs Crompton Greaves Consumer Electricals is a comparison consumer electrical investors look up when evaluating a diversified electricals major against a focused fans, pumps and lighting company. Havells India sells switchgear, cables, lighting, fans, home appliances and water heaters under the Havells brand, while Crompton Greaves Consumer Electricals (spun off from CG Power) sells fans, pumps, water heaters and LED lighting.

This Havells India vs Crompton Greaves Consumer Electricals article covers reach and market position, key products, latest declared results and stock valuation. The Havells India vs Crompton Greaves Consumer Electricals data below is sourced from Groww and public company filings and reflects the most recently available information at the time of writing.

Table of Contents

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  • Havells India vs Crompton Greaves Consumer Electricals: Reach and Market Position
  • Havells India vs Crompton Greaves Consumer Electricals: Key Products and Business Mix
  • Havells India vs Crompton Greaves Consumer Electricals: Latest Results
  • Havells India vs Crompton Greaves Consumer Electricals: Stock and Valuation
  • Havells India vs Crompton Greaves Consumer Electricals: Quick Comparison Table
  • Conclusion
  • Frequently Asked Questions
    • What is the main difference between Havells and Crompton Greaves Consumer?
    • Is Crompton Greaves Consumer Electricals profitable?
    • Which company has the higher ROE?
    • What is Lloyd at Havells?
    • Which stock pays a higher dividend?
    • What risks apply to consumer electrical companies?
    • Should I invest in Havells or Crompton?

Havells India vs Crompton Greaves Consumer Electricals: Reach and Market Position

On the Havells India side of the Havells India vs Crompton Greaves Consumer Electricals comparison, Havells India distributes through 20,000-plus dealers and 850-plus exclusive outlets across India, selling across switchgear, cables, lighting, fans and appliances. Market capitalisation is Rs 80,704 Cr.

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On the Crompton Greaves Consumer Electricals side of the Havells India vs Crompton Greaves Consumer Electricals comparison, Crompton Greaves Consumer Electricals distributes fans, pumps, water heaters and LED lights through 5,000-plus dealer partners across India. Market capitalisation is Rs 17,128 Cr.

Havells India vs Crompton Greaves Consumer Electricals: Key Products and Business Mix

In the Havells India vs Crompton Greaves Consumer Electricals product comparison, Havells India offers: Havells sells MCBs and switchgear, FMEG (fans, lights, appliances), cables and Lloyd air conditioners after acquiring Lloyd. P/E is 49.46x, ROE 17.88 percent, near-zero debt. Dividend yield is 0.78 percent.

For Crompton Greaves Consumer Electricals in this Havells India vs Crompton Greaves Consumer Electricals breakdown: Crompton Greaves Consumer sells ceiling fans, table fans, water pumps, water heaters and LED bulbs. The company is currently navigating a period of thin earnings with EPS of -3.58. ROE is 11.31 percent (the ROE calculation may reflect a period anomaly).

Havells India vs Crompton Greaves Consumer Electricals: Latest Results

The Havells India vs Crompton Greaves Consumer Electricals results for Havells India: Havells India has a market cap of Rs 80,704 Cr and P/E of 49.46x. ROE is 17.88 percent with near-zero debt. Havells is over 4.5 times larger than Crompton by market cap.

The Havells India vs Crompton Greaves Consumer Electricals results for Crompton Greaves Consumer Electricals: Crompton Greaves Consumer Electricals has a market cap of Rs 17,128 Cr. EPS is -3.58 making P/E not meaningful. The company is in a period of compressed earnings with ROE of 11.31 percent. Dividend yield is 1.13 percent.

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Havells India vs Crompton Greaves Consumer Electricals: Stock and Valuation

The Havells India vs Crompton Greaves Consumer Electricals stock comparison uses the latest available market data from Groww. Investors tracking Havells India vs Crompton Greaves Consumer Electricals should verify current prices on NSE or BSE before trading.

Havells India trades at a market cap of Rs 80,704 Cr and P/E of 49.46x with healthy ROE of 17.88 percent. Crompton Greaves Consumer Electricals trades at Rs 17,128 Cr market cap with no meaningful P/E on current thin earnings but pays a 1.13 percent dividend. Both serve the consumer electricals market in India.

Havells India vs Crompton Greaves Consumer Electricals: Quick Comparison Table

The Havells India vs Crompton Greaves Consumer Electricals comparison table below summarises the key metrics covered in this article side by side.

Parameter Havells India Crompton Greaves Consumer Electricals
Sector Consumer electricals: switchgear, cables, FMEG, Lloyd AC Consumer electricals: fans, pumps, water heaters, LED
Market Cap Rs 80,704 Cr Rs 17,128 Cr
P/E Ratio 49.46x N/A (compressed earnings)
ROE 17.88% 11.31%
Debt to Equity 0.03 0.07
Dividend Yield 0.78% 1.13%
Lloyd acquisition AC and air purifiers under Lloyd brand No major acquisition, focused portfolio
Key products Switchgear, cables, fans, lights, Lloyd ACs Fans, pumps, water heaters, LED lights

Conclusion

The Havells India vs Crompton Greaves Consumer Electricals comparison above covers the key data points on reach, products, results and valuation. Havells India vs Crompton Greaves Consumer Electricals serve overlapping consumer electrical markets at different scales. Havells is a large, profitable and diversified consumer electrical company with near-zero debt and a strong ROE. Crompton Greaves Consumer is a focused fan and pump company navigating a period of compressed earnings. Investors should review earnings recovery for Crompton and revenue trends for both and consult a SEBI-registered advisor before investing.

Download the Univest iOS App or Univest Android App to track Havells India and Crompton Greaves Consumer Electricals live price and get daily stock recommendations.

Disclaimer: Data and figures in this article are sourced from publicly available information, including company results filings and exchange data, and are current as of the time of writing. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).

Frequently Asked Questions

What is the main difference between Havells and Crompton Greaves Consumer?

Ans. Havells India is a large diversified consumer electricals company selling switchgear, cables, fans, lights, appliances and Lloyd air conditioners. Crompton Greaves Consumer focuses on fans, pumps, water heaters and LED lighting.

Is Crompton Greaves Consumer Electricals profitable?

Ans. Crompton Greaves Consumer is currently in a period of very thin earnings with EPS of -3.58 on a trailing twelve-month basis.

Which company has the higher ROE?

Ans. Havells India has an ROE of 17.88 percent, higher than Crompton Greaves at 11.31 percent.

What is Lloyd at Havells?

Ans. Havells acquired the Lloyd brand in 2017, adding air conditioners, washing machines and refrigerators to its portfolio under the Lloyd brand.

Which stock pays a higher dividend?

Ans. Crompton Greaves Consumer pays a dividend yield of 1.13 percent, slightly higher than Havells at 0.78 percent, even while navigating thin earnings.

What risks apply to consumer electrical companies?

Ans. Both companies face risk from rising copper and steel input costs, competition from Chinese imports, premium pricing pressure and any slowdown in residential construction and renovation activity.

Should I invest in Havells or Crompton?

Ans. Havells is larger, more profitable and diversified. Crompton is cheaper at its reduced earnings but requires earnings recovery. Consult a SEBI-registered advisor before investing.



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Author: Ankit Jaiswal
Ankit Jaiswal is the Senior Research Analyst at Univest, leading the platform's in-house equity research desk and serving as the editorial reviewer for all research and blog content published at univest.in. With 11+ years of experience in Indian equity markets, he oversees stock recommendations, earnings analysis, sector coverage, and ensures every published article meets SEBI Research Analyst Regulations. He holds a Bachelor of Commerce (B.Com) from St. Xavier's College, Kolkata — one of India's most prestigious commerce institutions — and has cleared CMT Level 2 from the CMT Association, a globally recognised certification in technical analysis and market research. His research methodology combines fundamental analysis (earnings quality, balance sheet strength, management commentary) with advanced technical analysis (chart patterns, momentum indicators, market structure) — giving Univest's retail investors a dual-lens approach that most Indian research platforms lack. Ankit is among the most comprehensively certified analysts in Indian financial media, holding five NISM certifications: Series-XV (Research Analyst), Series-VIII (Equity Derivatives), Series-VII (SORM), Series-VI (Depository Operations), and Series-V-A (Mutual Fund Distributors). At Univest — India's SEBI-registered research and advisory platform — Ankit's responsibilities include leading the research team, finalising stock recommendations published across Pro Lite, Pro Super, and Pro Gold advisory services, and maintaining editorial oversight of all YMYL financial content published on the blog.

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