The dividend yield of Havells India Ltd is at 0.63%.
The strength of Havells India Ltd has been the maintenance of a sound ROE of close to 20.21% across the past three years. In the last three years, the ROCE has been nearing 27%. The company is virtually free of debt. With a healthy coverage of interest ratio, the company is strong enough to go into 2023 with flair.
Although the revenue of Havells has declined in the past year, its growth prospects are on the positive side. From earnings vs market view, Havells earnings are all set to grow at a faster pace than the Indian market (19.2% annually). Over the next three years, earnings are estimated to grow substantially as the company expands its operations.
Since 2011, Havells has declared thirty dividends. During the last year, the company has declared an equity dividend of Rs. 7.50 for every equity share. The company declares both final and interim dividends.
The EPS of Havells India Ltd is 17.01.
The company has hardly any debt at all.
The competitors of Havells in the industry of FMEG (Fast Moving Electrical Goods) and the power distribution equipment production space are Siemens, ABB India, Bharat Heavy Electricals and more. In terms of market capitalisation, Havells is only second to Siemens, and with its expansion overseas, has great growth potential. Its P/E may be lower than CG Power, Siemens and ABB India, but the company is all set to go places and offer healthy competition in its field.
According to analysts, Bajaj Finserv is a good stock to invest in for the shorter term as the price may rise. However, you must do some research before investing.