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HAVELLS INDIA
PE (Price/Earnings) Ratio

The Current P/E Ratio of HAVELLS INDIA is 60.40.

Share Price ₹1,412.3Feb 20,2026
Market Cap ₹88,590.4 Cr
Earnings-TTM₹1,466.7 CrTTM-Consolidated Results
Price/Earnings60.40xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of HAVELLS INDIA

Price-to-Earnings ratio, P/E Multiple, or P/E Ratio is an important valuation multiple that is defined as:

P/E = Market Capitalization / Net Income

or, using per-share numbers:

P/E = Stock Price / Earnings Per Share (EPS)

Applying the above formula, P/E ratio of HAVELLS INDIA is calculated as :

Current Market Cap [ ₹88,590.4 Cr] as on Feb 20,2026

(/) Earnings [ ₹1,466.7 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 60.40x ]

P/E Ratio indicates the multiple of earnings investors are willing to pay to own one share of the company.

Thus, for HAVELLS INDIA , the investors are currently willing to pay 60.40 times earnings to own 1 share of the company.

PE Multiples are the most widely used valuation multiple in practice.

Since P/E ratio uses Net Income in the calculation, P/E multiples are not always reliable for valuing companies with negative earnings.

In such cases, you may consider using Price to Book ratio or Price to Sales ratio of HAVELLS INDIA !

P/E ratios, also, would not adjust for differences in the capital structure between companies.

The chart below summarizes the trend in P/E Ratio of HAVELLS INDIA over the last five years.

Historical PE (Price/Earnings) ratio chart of HAVELLS INDIA


PE Ratio Performance Analysis for HAVELLS INDIA

- HAVELLS INDIA 's latest p/e ratio is 60.40x.

- HAVELLS INDIA 's p/e ratio for fiscal years ending Mar2025 to Mar2021 averaged 66.51x.

- HAVELLS INDIA 's operated at median p/e ratio of 65.05x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, HAVELLS INDIA 's p/e ratio peaked in Mar2024 at 74.71x.

- HAVELLS INDIA 's p/e ratio hit its five-year low in Mar2022 of 60.4x.


How does HAVELLS INDIA 's P/E Ratio benchmark against top 10 peers in Electric Equipment Industry?

Peer Comparison (Electric Equipment Industry)Earnings-TTM (Cr)PE RatioMarket Cap
HAVELLS INDIA 1,466.6560.4088,590.4
SIEMENS LTD1,585.5072.04114,222.0
ABB INDIA LTD1,669.4075.98126,835.0
CG POWER AND INDUSTRIAL SOLUTIONS LTD1,109.48101.13112,204.0
SUZLON ENERGY LTD3,230.0218.8660,934.0
WAAREE ENERGIES LTD3,402.3624.4783,262.0
HITACHI ENERGY INDIA LTD841.27126.48106,408.0
GE VERNOVA T&D INDIA LTD1,067.9787.5993,544.0
APAR INDUSTRIES LTD973.6043.3742,227.3
INOX WIND LTD534.9531.2216,703.4
VGUARD INDUSTRIES LTD287.3348.0013,790.5

Electric Equipment Industry Benchmark (Top 10) PE Analysis vs HAVELLS INDIA 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 18.86x
Max industry PE 126.48x
Median industry PE 60.40x
Average industry PE 62.69x



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