HAVELLS

P/E Ratio: 70× P/B Ratio: 11–12× Dividend Yield: 0.63% Valuation: The share trades at a premium (~70× PE), well above industry averages (67×), reflecting strong investor confidence Strengths: The company is nearly debt-free, maintains healthy dividend payouts (44% payout ratio), and delivered strong returns on equity (18–19%) and capital (25%)