Sales have grown from around Rs. 900 million to around Rs.22000 million from 2000 to 2009. Profits have grown from around Rs.30 million to around Rs.1000 million from 2000 to 2009.
Havells has been earning a return of at least 15% on its net worth per year from 2000 to 2009. Havells has earnings per share of around Rs. 25 in the last 12 months.
Havells has a cash and bank balance of around Rs. 1000 million. It has net current assets of around Rs. 1000 million. It has investments of around Rs. 3000 million. It has a net worth of around Rs. 9000 million. It has a market capitalization of around Rs. 19000 million.
At a market price of around Rs. 320 and earnings of around Rs. 25 the rate of return is approximately 8% which is equivalent to that of a fixed deposit currently. The value of the company accroding to me should be around Rs.400.
Havells makes Electric Equipment and is a very well known brand. It has a Debt Equity Ratio of 0.08. Competitors are ABB, Crompton Greaves, Techno Electric, HBL Power and Emco.
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