Havells India (HAVELLS.NS)

P/B ratio as of March 2026 : 9.44

According to Havells India's latest financial reports the company has a price-to-book ratio of 3.58106.
The price-to-book ratio is a way to measure how much the stock market thinks a company is worth compared to how much the company says its assets are worth on paper.

Havells India - P/B ratio (from 2019 to 2025)

P/B ratio by year

Year	P/B ratio	Change
2025-12-31	10.3	-20.97%
2024-12-31	13.0	4.65%
2023-12-31	12.4	13.06%
2022-12-31	11.0	-30.43%
2021-12-31	15.8	28.8%
2020-12-31	12.3	29.65%
2019-12-31	9.46

What is the market capitalization of a company?

The market capitalization sometimes referred as Marketcap, is the value of a publicly listed company.
In most cases it can be easily calculated by multiplying the share price with the amount of outstanding shares.

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Havells India (HAVELLS.NS) - P/B ratio