Havell's is helping to boost safety in workplaces from the factory to the offices, domestic buildings to commercial plazas, with the help of state of the art equipments and manufacturing facilities. Powerful trends are shaping up industry for the 21st century. Because of rapid spread of advanced technologies complexity of work is increasing - almost daily.

All the manufacturing units are supervised and controlled by technocrats and industry specialists. Company have well managed, well equipped tool rooms with machines, Company's strategic alliances with some of the leading technology corporations in the world of electrical engineering, ensure constant access to the latest developments in the international markets, which are then adapted to the tough tropical conditions. The task of research lab is to provide the theoretical & experimental foundations for all segments of electrical engineering and closely cooperate with the various departments so as to provide the best and the latest. Havell's the electrical equipment company has commissioned as many as five plants - including a new plant at Baddi in Himachal Pradesh.

Products & Services-

New ideas, inventions deepen scientific knowledge and give its work force a new impetus towards technical progress. Innovation is the hallmark of every vital development at Havell's. Company's technological strengths and its endeavor towards continuous research & development have allowed it to fulfill its responsibilities towards its customers. Company is providing its customers the best products and zero defect services to enable them to be comfortable and secure in usage of electricity.

Company's manufacturing units are fully equipped with the latest and most sophisticated facilities in India. And in the hands of highly qualified technical experts, this results in some of the most advanced product development in the country.

Company manufacture's various kinds of Industrial products like Load line MCCB's, Load bank MCCB panel, automatic transfer switches, change over switches, contactors, off load changeover switches, on load changeover switches, overload relay, motor starters, switch disconnector fuses, fuse links & fuse bases, plug & sockets, load break switches, switch disconnectors, Fuse switches & switch fuse etc.

Company diff. Division's are involved into manufacturing of diff. Electrical products-

Switchgear Division--- MCBs, ELCBs, HBC Fuse Links and other Fuse gear items.

Meter Division-- Single and Poly Phase Energy Meters.

Switchgear Division-- Changeover , Programmable & Control Switches.

Meter Division - Single and Poly Phase Energy Meters.

DZG Division - DZG Electromechanical Energy Meter.

Control gear Division - Power line Series - Contactors, Overload Relays, Timers, Motor Starters.

MCCB Division-- Load line - Molded Case Circuit Breakers, Crabtree Modular Plate Switches.

Panel Division - HT/LT Switch Boards, Bus Ducts and Turnkey Electrical Contracts Cable.

Cable Division - Cables & Wires.

Valuation

Havell's India Ltd is planning to emerge as the "lowest cost producer" in each of its product range. An end-to-end solutions provider in the power distribution equipment
(PDE) space, Havell's, will have the right cost structures to provide the right quality product.

The company is striving to achieve these standards and levels by enhancing its production capacity and automating its product line. Company is on the path of expansion; it is having good presence in Domestic as well as industrial electrical product segment.

At cmp, stock is trading at 16.2 X multiple of its FY2011 estimated earnings. We recommend investors to Buy "Havell's India" with long term investment horizon.