CGPOWER vs Havells India: share price, P/E, ROE and financials compared
CG Power and Industrial Solutions
Havells India
CGPOWER and Havells India at a glance
CGPOWER is the larger by market cap, at ₹1.2L Cr against ₹70,789 Cr for Havells India (1.7 times as large). On valuation, Havells India has the lower P/E (42.6× against 88.6×) and the lower price-to-book (7.24× against 13.91×). On returns and margins, CGPOWER has the higher operating margin (13.1% against 9.1%), while Havells India has the higher ROCE (22.1% against 19.3%) and the higher ROE (18.0% against 16.4%). Over three years, CGPOWER has faster 3-year sales growth (+21.2% against +9.9% a year), while Havells India has faster 3-year profit growth (+16.4% against +7.8% a year). Neither carries much debt for its equity: debt-to-equity is 0.02× for CGPOWER and 0.02× for Havells India.
Key metrics, side by side
| Metric | CGPOWERCGPOWER | Havells IndiaHAVELLS |
|---|---|---|
| Price (₹) | 773.00 | 1,128.00 |
| Market cap (₹ Cr) | 1,21,785 | 70,789 |
| P/E | 88.6× | 42.6× (the lower figure, shaded) |
| P/B | 13.91× | 7.24× (the lower figure, shaded) |
| Dividend yield, trailing | 0.17% | 0.89% (the higher figure, shaded) |
| ROE | 16.4% | 18.0% (the higher figure, shaded) |
| ROCE | 19.3% | 22.1% (the higher figure, shaded) |
| Operating margin (OPM) | 13.1% (the higher figure, shaded) | 9.1% |
| Net margin (NPM) | 10.0% (the higher figure, shaded) | 6.6% |
| Sales CAGR 3Y | +21.2% (the higher figure, shaded) | +9.9% |
| Profit CAGR 3Y | +7.8% | +16.4% (the higher figure, shaded) |
| Debt to equity | 0.02× | 0.02× |
| Interest cover | 134.6× (the higher figure, shaded) | 60.5× |
| Net profit TTM (₹ Cr) | 1,375 | 1,664 |
| 1Y return | +8.2% (the higher figure, shaded) | −28.1% |
| Promoter holding | – | – |
CGPOWER vs Havells India: common questions
Which is bigger, CGPOWER or Havells India?
By market cap, CGPOWER is bigger at ₹1.2L Cr, against ₹70,789 Cr for Havells India (prices as of 6 Nov 2026). Net profit over the last twelve months was ₹1,375 Cr for CGPOWER and ₹1,664 Cr for Havells India.
Which has a lower P/E ratio, CGPOWER or Havells India?
CGPOWER trades at a P/E of 88.6× and Havells India at 42.6×. Havells India has the lower P/E. P/E is the share price divided by earnings per share; it varies a lot between industries and with growth, so it says little on its own.
Which has a higher ROE, CGPOWER or Havells India?
CGPOWER reports a return on equity of 16.4% and Havells India 18.0%. Havells India has the higher ROE. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, CGPOWER or Havells India?
Over the last three years: Sales grew +21.2% a year at CGPOWER and +9.9% at Havells India, so CGPOWER grew sales faster; profit grew +7.8% a year at CGPOWER and +16.4% at Havells India, so Havells India grew profit faster. Past growth doesn’t predict future growth.