Havells India (HAVELLS) Share Price Falls 2.98% Today to Rs 1,164.30

Havells India Share Price fell to Rs 1,164.30 on 04 September 2026, down 2.98% for the day from the previous close of Rs 1,200. The stock opened at Rs 1,177, touched a high of Rs 1,177.05 and a low of Rs 1,159.80, while market capitalisation stood at Rs 74,993.62 crore.

The supplied market data confirms the price decline of Rs 35.70, but it does not confirm any company-specific trigger behind the move. That means the cleaner way to read today’s action is through the available numbers: intraday behaviour, valuation, profitability and comparison with the Electric Equipment industry.

This matters because Havells India is a Large Cap company in the Capital Goods sector. When a stock of this size trades weakly and stays near the day low, investors often look beyond the headline move to see whether the broader setup points to valuation pressure, technical weakness, or simply a negative trading session without a disclosed catalyst.

Havells India (HAVELLS) Share Price Today: Price Action Analysis

Metric	Value
Current Price	Rs 1,164.3
Previous Close	Rs 1,200
Today's Move	-Rs 35.70 (-2.98%)
Open	Rs 1,177
High	Rs 1,177.05
Low	Rs 1,159.8
Turnover	Rs 2.26 crore
Market Capitalisation	Rs 74,993.62 crore
Market Cap Category	Large Cap

Havells India Share Price Today reflects weakness from the opening trade itself. The stock opened below the previous close and the intraday high of Rs 1,177.05 was only marginally above the opening level, while the low slipped to Rs 1,159.80. That leaves the stock trading close to the lower end of the session range.

Turnover at the time of the snapshot was Rs 2.26 crore. On its own, turnover does not explain the decline, but it helps frame the move as an active market session rather than a static price print. Since the stock remained near the day low, traders may continue to watch whether the price stabilises or extends the weak tone through the rest of the day.

From a trend-check perspective, the supplied technical markers also show the stock below both major long-term moving averages. The 50-day DMA is Rs 1,263.8 and the 200-day DMA is Rs 1,279.16, both above the current price of Rs 1,164.3. The RSI reading is 35.95, which places the momentum reading on the weaker side without, by itself, establishing any conclusion beyond current pressure.

Havells India (HAVELLS) Fundamental Analysis

Metric	Value
Market Capitalisation	Rs 74,993.62 crore
P/E Ratio	46.11x
P/B Ratio	7.75x
ROE	19.05%
ROCE	25.74%
EPS	Rs 26.02
Book Value Per Share	Rs 154.91
Dividend Yield	0.83%

Havells India Share Price is being judged against a business that still shows healthy profitability. The company trades at a P/E ratio of 46.11 and a P/B ratio of 7.75. Return on equity is 19.05% and return on capital employed is 25.74%.

Those profitability readings suggest the business is not weak on returns, even though the stock is under pressure today. EPS stands at Rs 26.02, book value per share at Rs 154.91 and dividend yield at 0.83%. Taken together, the numbers indicate that the market continues to assign a premium valuation multiple to the company relative to its accounting base and earnings profile.

The main question for investors is therefore not whether the business has measurable profitability, but whether current valuation remains demanding when compared with the industry and listed peers. That relative view is especially relevant after a same-day decline, because premium-rated stocks often stay closely watched when momentum softens.

Sector and Industry Context

Metric	Value
Sector	Capital Goods
Industry	Electric Equipment
Benchmark Scope	same industry
Company P/E Ratio	46.11x
Benchmark Median P/E	35.21x
Benchmark Average P/E	52.38x
Benchmark P/E Range	4.35x to 801.81x
Company P/B Ratio	7.75x
Benchmark Median P/B	4.39x
Benchmark Average P/B	6.27x
Company ROE	19.05%
Benchmark Median ROE	17.32%
Benchmark Average ROE	-16.53%
Company ROCE	25.74%
Benchmark Median ROCE	21.41%
Benchmark Average ROCE	21.79%
Company Market Capitalisation	Rs 74,993.62 crore
Benchmark Median Market Cap	Rs 934.68 crore
Benchmark Average Market Cap	Rs 13,454.68 crore

The company belongs to the Electric Equipment industry within Capital Goods, and the benchmark set covers 100 companies from the same industry. Against that basket, Havells India’s P/E of 46.11 is above the median P/E of 35.21, though below the average P/E of 52.38. Its P/B of 7.75 is above both the median of 4.39 and the average of 6.27.

Profitability compares better than valuation. ROE of 19.05% is above the industry median of 17.32%, while ROCE of 25.74% is above both the median of 21.41% and the average of 21.79%. That creates a mixed reading: the company delivers stronger-than-median return ratios, but the stock also trades at above-median valuation multiples.

Size is another differentiator. Market capitalisation of Rs 74,993.62 crore is far above the industry median of Rs 934.68 crore and also above the industry average of Rs 13,454.68 crore. In short, the company is much larger than a typical listed industry participant, but that scale does not automatically remove valuation scrutiny.

Peer Comparison

Company	Symbol	Market Cap (Cr)	P/E	P/B	ROE (%)	ROCE (%)
ABB India	ABB	1,57,638.64	52.7	16.86	22.39	30.18
Siemens	SIEMENS	1,43,338.5	43.82	10.12	15.64	21.42
Hitachi Energy India	POWERINDIA	1,42,765.5	124.1	26.1	21.04	28.73
CG Power and Industrial Solutions	CGPOWER	1,38,450.55	112.29	17.09	20.43	27.94
SIEMENS ENERGY INDIA	ENRIN	1,12,295.48	75.47	21.38	29.23	40.19

Among the highlighted peers, Havells India sits below ABB India, Siemens, Hitachi Energy India, CG Power and Siemens Energy India on market capitalisation. On valuation, its P/E of 46.11 is below ABB India at 52.7, Hitachi Energy India at 124.1, CG Power at 112.29 and Siemens Energy India at 75.47, but above Siemens at 43.82.

Its P/B of 7.75 is lower than ABB India’s 16.86, Hitachi Energy India’s 26.1, CG Power’s 17.09 and Siemens Energy India’s 21.38, while also lower than Siemens at 10.12. Profitability is respectable, but not at the top of this peer set. ROE of 19.05% is above Siemens at 15.64% but below the others listed here, while ROCE of 25.74% is above Siemens at 21.42% but trails ABB India, Hitachi Energy India, CG Power and Siemens Energy India.

The peer picture therefore looks balanced rather than extreme. The company is not the cheapest name in the peer basket, nor the most expensive; not the weakest on returns, nor the strongest. That middle positioning can become important when sentiment turns cautious, because investors may then focus more closely on whether the current premium over industry medians remains justified.

Why Investors Are Watching Havells India

• Havells India Share Price is down 2.98% today and trading close to the intraday low of Rs 1,159.80.
• The stock opened below the previous close, showing weakness from the start of the session.
• Current price is below the 50-day DMA of Rs 1,263.8 and the 200-day DMA of Rs 1,279.16.
• P/E of 46.11 and P/B of 7.75 are above industry medians, keeping valuation in focus.
• ROE of 19.05% and ROCE of 25.74% remain above industry medians.

About Havells India

Havells India operates in the Capital Goods sector and the Electric Equipment industry. With market capitalisation of Rs 74,993.62 crore, it is materially larger than the median company in its benchmark universe. That scale, combined with above-median profitability and above-median valuation multiples, is the key backdrop for understanding today’s move.

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Frequently Asked Questions

Why is Havells India Share Price falling today?

Ans. Havells India Share Price is down 2.98% today at Rs 1,164.30 versus the previous close of Rs 1,200. The supplied data confirms the decline, but it does not identify a company-specific catalyst.

What is Havells India Share Price Today?

Ans. Havells India Share Price Today is Rs 1,164.30. The stock is lower by Rs 35.70, or 2.98%, from the previous close. The previous close was Rs 1,200. The intraday range extended from Rs 1,159.8 to Rs 1,177.05.

What does today’s price action show?

Ans. The stock opened at Rs 1,177, recorded a high of Rs 1,177.05 and a low of Rs 1,159.80, indicating weakness from the open and trading near the lower end of the day’s range.

How is the stock valued on P/E and P/B?

Ans. The company trades at a P/E ratio of 46.11 and a P/B ratio of 7.75. Both are above the industry medians of 35.21 and 4.39. The peer average P/E is 52.38x.

How profitable is Havells India versus its industry?

Ans. ROE is 19.05% and ROCE is 25.74%, both above the same-industry medians of 17.32% and 21.41%. The stock belongs to the Capital Goods sector. Its industry classification is Electric Equipment.

How does it compare with major peers?

Ans. Its P/E of 46.11 is below ABB India, Hitachi Energy India, CG Power and Siemens Energy India, but above Siemens. On profitability, it is above Siemens on both ROE and ROCE, but trails most of the other highlighted peers.

What should investors monitor next?

Ans. Investors may track whether the stock stabilises after today’s decline, while also watching its position relative to the 50-day and 200-day DMA, valuation versus industry medians and profitability versus peers.