Havells India Balance Sheet
- Market cap
- ₹66,671 crore
- P/E
- 40.8
- P/B
- 7.05
- ROE
- 19.0%
- Dividend yield
- 1.20%
As of Mar 2022, Havells India had total assets of ₹13,700 crore and borrowings of ₹1,200 crore, against shareholders' equity of ₹9,000 crore — a debt-to-equity ratio of 0.13. Borrowings rose 437.88% from Mar 2023.
Havells India balance sheet
As at each financial year end, newest first. H1 = half-year.
| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Equity capital | 500 | 62.65 | 62.67 | 62.69 | 62.73 |
| Reserves | 8,500 | 5,681 | 6,477 | 7,300 | 8,372 |
| Borrowings | 1,200 | 223 | 303 | 319 | 265 |
| Other liabilities | 3,500 | 4,309 | 4,683 | 5,150 | 5,012 |
| Total liabilities | 13,700 | 11,157 | 12,433 | 13,809 | 14,746 |
| Fixed assets | 6,500 | 2,439 | 3,029 | 3,446 | 4,391 |
| Capital work in progress | 400 | 100 | 100 | 100 | 100 |
| Investments | 2,500 | 2,231 | 2,487 | 2,762 | 2,949 |
| Other assets | 4,300 | 3,347 | 3,730 | 4,143 | 4,424 |
| Total assets | 13,700 | 11,157 | 12,433 | 13,809 | 14,746 |
Balance sheet ratios
- Debt to equity
- 0.13
Source: Company filings (consolidated), in ₹ crore. Data as of 7 October 2026. How this data is compiled.
Havells India balance sheet — frequently asked questions
What is the total debt of Havells India?
Havells India reported borrowings of ₹1,200 crore as of Mar 2022, compared with ₹223 crore as of Mar 2023.
What is Havells India's debt-to-equity ratio?
Based on the Mar 2022 balance sheet, Havells India's debt-to-equity ratio is 0.13 — borrowings of ₹1,200 crore against equity capital and reserves of ₹9,000 crore.
What are Havells India's total assets?
Havells India's total assets were ₹13,700 crore as of Mar 2022, including fixed assets of ₹6,500 crore and investments of ₹2,500 crore.
Same Data For Peers
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Figures are for information only and are not investment advice or a recommendation to buy, sell or hold any security. Investments in securities are subject to market risks; read all related documents carefully before investing.