Havells India (NSE:HAVELLS) Selling, General, & Admin. Expense: ₹7,502 Mil (TTM As of Jun. 2026)

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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:HAVELLS Havells India Ltd NSE:HAVELLS
94 GF Score
Price ₹1,268.00
GF Value ₹1,779.16
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Havells India Selling, General, & Admin. Expense?

Havells India NSE:HAVELLS -0.78% 94 Selling, General, & Admin. Expense is ₹7,502 Mil as of Jun. 2026. GuruFocus rates NSE:HAVELLS with a GF Score™ of 94/100 and a GF Value™ of ₹1,779.16 (Modestly Undervalued). The stock has 2 warning signs investors should review.

Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. Havells India's selling, general, & admin. expense for the three months ended in Jun. 2026 was ₹2,865 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Jun. 2026 was ₹7,502 Mil.


Havells India  (NSE:HAVELLS) Selling, General, & Admin. Expense Explanation

An efficient operation keeps SGA costs low and thus has higher profit margin. The percentage of SGA relative to total revenue is an indication of how efficiently the company operates. Compare this percentage among the companies in the same industry is a good way of finding more efficient operations. A comparison of the SGA cost relative to the revenue with the historical value can also be an indication of how efficient the company has become.

Warren Buffett likes companies with consistent SGA as the percentage of gross profit.

Companies with no durable competitive advantage show wild variation in SG&A as % of Gross Profit.

If SGA is less than 30% of Gross Profit, it is fantastic. If SGA is nearing 100%, it is is in highly competitive industry.


Havells India Selling, General, & Admin. Expense Related Terms


Havells India Selling, General, & Admin. Expense Historical Data

* Premium members only.

The historical data trend for Havells India's Selling, General, & Admin. Expense 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 Selling, General, & Admin. Expense Chart

Havells India Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Selling, General, & Admin. Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8,432.00 11,511.90 13,347.00 15,194.70 15,292.40

Havells India Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Selling, General, & Admin. Expense 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 1,429.00 1,317.80 1,550.00 1,768.90 2,865.10

NSE:HAVELLS vs VRT, BE: Selling, General, & Admin. Expense Comparison

For the Electrical Equipment & Parts subindustry, Havells India's Selling, General, & Admin. Expense, along with its competitors' market caps and Selling, General, & Admin. Expense 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 Selling, General, & Admin. Expense vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Havells India's Selling, General, & Admin. Expense distribution charts can be found below:

* The bar in red indicates where Havells India's Selling, General, & Admin. Expense falls into.


NSE:HAVELLS
94GF Score
Havells India Ltd NSE:HAVELLS
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Havells India Selling, General, & Admin. Expense Calculation

Selling, General, & Admin. Expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. For instance, personnel cost, advertising, rent, communication costs are all part of SGA.

Selling, General, & Admin. Expense for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹7,502 Mil.

* 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.

What does a Selling, General, & Admin. Expense of ₹7,502 Mil mean?
Havells India (NSE:HAVELLS) has a Selling, General, & Admin. Expense of ₹7,502 Mil as of Jun. 2026. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Havells India and its competitors.
Is Havells India's Selling, General, & Admin. Expense too high?
Havells India's current Selling, General, & Admin. Expense is ₹7,502 Mil. Overall, Havells India has a GF Score™ of 94/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Havells India's Selling, General, & Admin. Expense compare to VRT and BE?
Havells India's Selling, General, & Admin. Expense of ₹7,502 Mil can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Selling, General, & Admin. Expense for an Industrial Products company?
A good Selling, General, & Admin. Expense depends on the Industrial Products industry context. However, Selling, General, & Admin. Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Selling, General, & Admin. Expense mean?
A high Selling, General, & Admin. Expense can signal that a stock is expensive relative to its fundamentals. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Havells India and its competitors. Havells India's current Selling, General, & Admin. Expense is ₹7,502 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Havells India stock overvalued right now?
Based on GuruFocus' analysis, Havells India (NSE:HAVELLS) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹1,779.16, compared to a current price of ₹1,268.00 — trading 28.7% below its estimated fair value. The current Selling, General, & Admin. Expense is ₹7,502 Mil. Havells India's overall GF Score™ is 94/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Selling, General, & Admin. Expense calculated?
Selling, General, & Admin. Expense is calculated from a company's financial statements. For Havells India (NSE:HAVELLS), the current Selling, General, & Admin. Expense is ₹7,502 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

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

Based on GuruFocus' analysis, Havells India stock appears to be undervalued. The current stock price of ₹1,268.00 is trading 28.7% below its estimated GF Value™ of ₹1,779.16. GuruFocus considers Havells India to be Modestly Undervalued.

Key valuation signals for NSE:HAVELLS:

  • Selling, General, & Admin. Expense: ₹7,502 Mil
  • GF Value™: ₹1,779.16 vs. price of ₹1,268.00 (28.7% below fair value)
  • GF Score™: 94/100 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).
94GF Score

Get the complete analysis for NSE:HAVELLS

Selling, General, & Admin. Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹1,268.00
Price
₹1,779.16
GF Value