Is Havells India the Best Stock in Its Sector? A Look at the Numbers
- October 12, 2026
- Posted by: Neeraj Pandey
- Category: Market
Havells India CMP Rs 1,055 (12 Oct 2026). Market cap Rs 65,179 Cr. ROE 17.88%. P/E 39.95x versus Industry P/E 44.63x.
Quick Answer
Havells India is one of the names investors compare when screening the Electricals sector, built on a 17.88% return on equity and a P/E of 39.95x against an Industry P/E of 44.63x. Whether Havells India is the best stock in its sector depends on whether an investor is optimising for return ratios, valuation, or both. This article breaks down the metrics, including a comparison against named Electricals sector peers, so you can judge that for yourself.
Is Havells India the best stock in its sector? The stock trades on the NSE at Rs 1,055 as of 12 October 2026, within its 52-week range of Rs 1,015.10 to Rs 1,520.00. Havells India Ltd, headquartered in Noida, is an electricals company making cables, switchgear, lighting, fans and home appliances for homes and industry.
Havells India sits in the Electricals sector, and its 17.88% ROE and 39.95x P/E give a starting point for judging where it stands against comparable listed names. The rest of this article compares those numbers against verified peers and the sector’s Industry P/E benchmark.
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About Havells India
Havells India Ltd, headquartered in Noida, is an electricals company making cables, switchgear, lighting, fans and home appliances for homes and industry. Its consumer brands are sold through a large dealer and retail network. The stock trades about 31 percent below its 52-week high and about 4 percent above its 52-week low. At a market capitalisation of Rs 65,179 Cr, it is tracked as part of the Electricals sector on Univest.
Is Havells India the Best Stock in Its Sector?
Havells India makes its case as the best stock in its sector primarily on valuation relative to its Industry P/E, combining a 17.88% ROE with a 39.95x P/E against the sector’s 44.63x Industry P/E. Havells’ 39.95x P/E is below the 44.63x Industry P/E, with a 17.88% ROE and a debt to equity ratio of 0.03, so the stock trades at a discount to its sector while keeping a clean balance sheet.
| Metric | Havells India |
|---|---|
| CMP (NSE) | Rs 1,054.60 |
| 52-Week High / Low | Rs 1,520.00 / Rs 1,015.10 |
| Market Cap | Rs 65,179 Cr |
| P/E (TTM) vs Industry P/E | 39.95x vs 44.63x |
| P/B | 6.89 |
| ROE | 17.88% |
| EPS (TTM) | Rs 26.00 |
| Dividend Yield | 0.96% |
| Debt to Equity | 0.03 |
Compare Havells India Against Other Electricals Sector Stocks
How Havells India Compares Against Its Electricals Sector Peers
The table below sets Havells India against 2 other Electricals sector names, using the same live data source for every company. A peer average row is included for P/E, ROE and debt to equity, calculated across the 2 peer companies.
| Company | Market Cap (Rs Cr) | P/E | ROE | Debt to Equity |
|---|---|---|---|---|
| Havells India | 65,179 | 39.95 | 17.88% | 0.03 |
| Polycab India | 1,24,325 | 42.79 | 22.25% | 0.02 |
| KEI Industries | 43,814 | 43.95 | 13.78% | 0.04 |
| Peer average (2 companies) | – | 43.37 | 18.02% | 0.03 |
Against this peer set, Havells India’s 17.88% ROE is below the 18.02% peer average, and its P/E of 39.95x runs below the peer average of 43.37x. Havells’ 39.95x P/E is below the 44.63x Industry P/E, with a 17.88% ROE and a debt to equity ratio of 0.03, so the stock trades at a discount to its sector while keeping a clean balance sheet.
What Makes Havells India Worth Watching in Electricals
- Discount to sector: A 39.95x P/E sits below the 44.63x Industry P/E.
- Good returns: A 17.88% ROE shows solid profitability.
- Near debt free: A debt to equity ratio of 0.03 leaves the balance sheet very clean.
Havells India Valuation: Is It Justified?
Havells’ 39.95x P/E is below the 44.63x Industry P/E, with a 17.88% ROE and a debt to equity ratio of 0.03, so the stock trades at a discount to its sector while keeping a clean balance sheet. As with any single stock, investors should weigh this against their own valuation discipline and risk appetite rather than the sector label alone.
Also read – Is Sun Pharma the Best Stock in Its Sector? A Look at the Numbers
Download the Univest iOS App or Univest Android App to track Havells India and other Electricals sector stocks.
How to Track Havells India Before You Invest
Before deciding whether Havells India deserves its label as the best stock in its sector for your own portfolio, compare it directly against Electricals sector peers using the steps below.
- Open the Univest Screener and search for Havells India to view live price, valuation ratios, and peer comparisons within the Electricals sector.
- Compare its P/E, P/B, and ROE against other Electricals sector stocks before deciding if the current valuation fits your strategy.
- Set a price alert around key support and resistance zones using the Univest app so you are notified of meaningful moves.
- Open a broking account on Univest if you decide to add the stock, and size the position based on your own risk appetite and portfolio allocation.
Conclusion
Havells India earns a place in the best stock in its sector conversation on the strength of a 17.88% ROE and a P/E of 39.95x against a 44.63x Industry P/E, with named peer comparisons in this article backing up that picture. As with any individual stock decision, this analysis is educational and investors should do their own research or consult a SEBI-registered advisor before investing.
Disclaimer: Data and figures in this article are sourced from publicly available information. 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).
Is Havells India the best stock in its sector?
Ans. Havells India has a 17.88% ROE and trades at 39.95x P/E against a 44.63x Industry P/E, and compares below the peer average ROE of 18.02% in this article’s named comparison, so the answer depends on what an investor is prioritising.
What is the current share price of Havells India?
Ans. Havells India was trading at Rs 1,054.60 on the NSE as of 12 October 2026, within its 52-week range of Rs 1,015.10 to Rs 1,520.00.
What sector does Havells India belong to?
Ans. Havells India is classified under the Electricals sector on Univest.
How does Havells India compare to its sector peers on P/E?
Ans. Havells India’s P/E of 39.95x is below the 43.37x average of the 2 named peers compared in this article.
What is Havells India’s return on equity?
Ans. Havells India reported a return on equity of 17.88%, which is below the 18.02% average of its named peers in this comparison.
Should I invest in Havells India based on its sector position?
Ans. Havells India’s sector position and metrics make it worth researching further, but any investment decision should factor in your own risk appetite, its valuation relative to peers, and independent research or advice from a SEBI-registered advisor.
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