Havells Share Price

Havells business highlights

Havells performance highlights

Havells management

• Chairman And Managing Director: Anil Rai Gupta
• Non-Executive Non-Independent Director: Surjit Kumar Gupta
• Whole-Time Director: Ameet Kumar Gupta
• Whole-Time Director (Finance) and Group CFO: Rajesh Kumar Gupta
• Independent Director: Jalaj Ashwin Dani
• Non-Executive Non-Independent Director: T.V. Mohandas Pai
• Non-Executive Non-Independent Director: Puneet Bhatia
• Independent Director: Upendra Kumar Sinha
• Whole-Time Director: Siddhartha Pandit
• Independent Director: Subhash S Mundra
• Independent Director: B Prasada Rao
• Independent Director: Vivek Mehra
• Independent Director: Namrata Kaul
• Independent Director: Ashish Bharat Ram

Indian FMEG industry overview

Size of the Indian FMEG industry

• During FY2020-21, India produced heavy electrical equipment worth ₹1,68,949 crore (USD 21.15 billion).
• Compared to USD 48-50 billion in 2021, the electrical equipment market is expected to grow at 12% CAGR to USD 72 billion by 2025.
• The market evaluation for electrical equipment exports in 2021 was USD 8.62 billion. By 2025, the market is expected to reach USD 13 billion.
• A total of ₹6,602 crores (USD 879.38 million) and ₹12,036 crore (USD 1.6 billion) were produced and consumed by Indian machine tools in FY2020-21, respectively. The exports were valued at ₹531 crore (USD 66.48 million).
• It is estimated that the boiler industry's market size will reach USD 194 million by 2025, with a CAGR of 6%. From April to November 2020, boiler exports reached USD 106.53 million, with 72 million units shipped.
• The value of engineering goods exported by India in FY2021-22 increased by 45.5% year over year to USD 111.63 billion.

Industry growth prospects

• It is expected that the domestic electrical equipment market will reach USD 72 billion by 2025, growing at an annual rate of 12%.
• India's largest industrial sector is engineering. A total of 27% of the factories in the industrial sector and 63% of the total foreign collaborations are based here.
• FMEG (Fast Moving Electric Goods) is one of the fastest-growing industries in India. Electric appliances are consumed in residential, commercial and industrial areas as a result of the growth in infrastructure.

Havells growth prospects

• Based on December 2018 projections, the company announced an investment of ₹1,500 crore (USD 213.74 million) over five years.
• ₹400 crore investment is planned by Havells India in Sri City - a town on the border of Andhra Pradesh and Tamil Nadu. The facility will have a capacity of 5 lakh units per year, when it becomes operational.
• Along with the 10 lakh units manufactured at the Ghelot facility in Rajasthan, this will increase the company's total production capacity to 15 lakh units per annum.

Risks and concerns

• The industry faces key challenges like low capacity utilizations, especially in the transmission and distribution (T&D) segment, and low-cost imports.
• Global competition has begun to impact the health of the industry due to increasing supply and demand challenges.

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