Havells India (NSE:HAVELLS) Debt-to-Equity: N/A (As of Jun. 2026)

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NSE:HAVELLS Havells India Ltd NSE:HAVELLS
93 GF Score
Price ₹1,087.00
GF Value ₹1,795.45
Valuation Significantly Undervalued
! 2 Warning Signs
View Full Analysis

What is Havells India Debt-to-Equity?

Havells India's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was ₹0 Mil. Havells India's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was ₹0 Mil. Havells India's Total Stockholders Equity for the quarter that ended in Jun. 2026 was ₹0 Mil.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Havells India's Debt-to-Equity or its related term are showing as below:

NSE:HAVELLS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0   Med: 0.04   Max: 0.22
Current: 0.03

During the past 13 years, the highest Debt-to-Equity Ratio of Havells India was 0.22. The lowest was 0.00. And the median was 0.04.

NSE:HAVELLS's Debt-to-Equity is ranked better than
90% of 2691 companies
in the Industrial Products industry
Industry Median: 0.29 vs NSE:HAVELLS: 0.03

Havells India  (NSE:HAVELLS) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Havells India Debt-to-Equity Related Terms

Havells India Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Havells India's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Havells India Debt-to-Equity Chart

Havells India Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.10 0.03 0.04 0.04 0.03

Havells India Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only N/A 0.03 N/A 0.03 N/A

NSE:HAVELLS vs VRT, BE: Debt-to-Equity Comparison

For the Electrical Equipment & Parts subindustry, Havells India's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Havells India Debt-to-Equity vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Havells India's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Havells India's Debt-to-Equity falls into.


NSE:HAVELLS
93GF Score
Havells India Ltd NSE:HAVELLS
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Havells India Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Havells India's Debt to Equity Ratio for the fiscal year that ended in Mar. 2026 is calculated as

Debt to Equity=Total Debt / Total Stockholders Equity
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Stockholders Equity
=(772.4 + 0) / 94554.7
=0.01

Havells India's Debt to Equity Ratio for the quarter that ended in Jun. 2026 is calculated as

Debt to Equity=Total Debt / Total Stockholders Equity
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Stockholders Equity
=( + 0) /
=N/A

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Is Havells India (NSE:HAVELLS) Overvalued in 2026?

Based on GuruFocus' analysis, Havells India stock appears to be undervalued. The current stock price of ₹1,087.00 is trading 39.5% below its estimated GF Value™ of ₹1,795.45. GuruFocus considers Havells India to be Significantly Undervalued.

Key valuation signals for NSE:HAVELLS:

  • Debt-to-Equity: N/A
  • GF Value™: ₹1,795.45 vs. price of ₹1,087.00 (39.5% below fair value)
  • GF Score™: 93/100 with 2 warning signs

No single metric tells the full story. See the NSE:HAVELLS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Havells India Business Description

Other Exchanges 517354:India
Address 2D, Expressway, QRG Towers, Sector 126, Noida, UP, IND, 201304
Havells India Ltd manufactures and distributes electrical equipment for consumer and industrial applications. Its product portfolio includes fans, appliances, switches, lighting, switch gears, circuit breakers, water heaters, air purifiers, flexible cables, air coolers, monoblock and submersible pumps, personal grooming products, motors, and reactive power solutions. The firm has seven manufacturing facilities, all of which are in India. The company operates in multiple segments: Switchgear (domestic and industrial), which derives maximum revenue, Cables (domestic and industrial underground), Lighting and Fixtures (LED lamps), Electrical Consumer Durables (fans, water heaters), Lloyd Consumer products (air conditioners, televisions), and Others (industrial motors, water purifiers).
93GF Score

Get the complete analysis for NSE:HAVELLS

Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹1,087.00
Price
₹1,795.45
GF Value