NSE: HAVELLS | BSE: 517354

Mid-range Performer

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1524.00 -11.70 (-0.76%)

27.64% Fall from 52W High

256.2K NSE+BSE Volume

NSE 19 Jun, 2025 1:48 PM (IST)

95,545.9

Market Cap

Market Leader

0.9

Beta 1Year

Low volatility

Havells India Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for HAVELLS, BSE:517354 Havells India Ltd.

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Havells India Ltd.

26 May 2025

1524.00

-0.76%

Focuses on innovation, expansion, and transformation

Neutral: Havells India Ltd.

Target

Motilal Oswal

Havells India’s (HAVL) FY25 annual report emphasizes its strategic focus on innovation, capacity expansion, market penetration, and digital transformation. The expansion of omni-channel distribution, particularly in rural markets and modern trade, has further strengthened the brand reach.

Havells India Ltd. has an average target of 1724.75 from 8 brokers.

Havells India Ltd.

14 May 2025

1524.00

-0.76%

HAVELLS INDIA LTD

Buy: Havells India Ltd.

Target

Geojit BNP Paribas

Going ahead, demand from the real estate and construction sectors will drive volumes of cables & wires. Further, The recent changes in income tax slab rates are anticipated to boost discretionary spending. While restocking and seasonal factors will drive overall growth going ahead....

Havells India Ltd. has an average target of 1724.75 from 8 brokers.

Havells India Ltd.

23 Apr 2025

1524.00

-0.76%

Havells India (HOLD): Robust quarter; summer lag tempers optimism

Hold: Havells India Ltd.

Target

BOB Capital Markets Ltd.

Q4 Revenue grew 20% YoY/34% QoQ, driven by strong performances in Lloyd (+39% YoY) and C&W (+21% YoY)

Havells India Ltd. has an average target of 1724.75 from 8 brokers.

Havells India Ltd.

23 Apr 2025

1524.00

-0.76%

Havells India (HAVL IN) Q4FY25 Result Update Cables...

Hold: Havells India Ltd.

Target

Prabhudas Lilladhar

Lloyd reported growth of 39.5% YoY, aided strong volume gr. in RAC segment. We downward revise Havells India's (HAVL) FY26/FY27E earnings by 2.0%/2.6% to factor in the soft margins commentary related Cable & Lloyd businesses and downgrade our recommendation to HOLD' from BUY', in view of the significant run-up in stock price in the near past. Havells reported strong results, primarily driven by robust growth in the Cables and Lloyd segments, though future momentum appears cautious. RAC segment expected limited growth due to delayed summer, high primary sales in Q4FY25, and slowdown...

Havells India Ltd. is trading below all available SMAs

Havells India Ltd.

23 Apr 2025

1524.00

-0.76%

Robust Q4 performance, margins steady; maintaining a Buy

Buy: Havells India Ltd.

Target

Anand Rathi

Havells’ robust Q4 results were led by strong, 21% y/y, growth in cables and Lloyd’s 39% y/y revenue increase. We expect cost-saving steps and operating leverage to expand margins and profitability for Lloyd. The ramp-up of the new cable capacity will further add to growth.

Number of FII/FPI investors decreased from 921 to 866 in Mar 2025 qtr

Havells India Ltd.

23 Apr 2025

1524.00

-0.76%

Strong performance, partially led by higher trade up-stocking

Buy: Havells India Ltd.

Target

ICICI Securities Limited

Havells reported stronger-than-expected Q4FY25, partially led by higher trade inventory up-stocking in air conditioners. There is strong revenue growth of 39% in Lloyd. While there is healthy growth in primary sales, the company believes there is a possibility for slowdown in secondary sales in Q1FY26.

Havells India Ltd. has an average target of 1724.75 from 8 brokers.

Havells India Ltd.

22 Apr 2025

1524.00

-0.76%

Steady margins; Llyod and cable drive growth

Neutral: Havells India Ltd.

Target

Motilal Oswal

Havells India (HAVL)’s 4QFY25 revenue grew 20% YoY to INR65.4b (5% beat), led by better-than-expected growth in the Lloyd/C&W segments. Higher margins in the Lloyd and ECD segments have resulted in ~19% YoY EBITDA growth to INR7.6b (+17% vs. our est.).

Havells India Ltd. is trading below all available SMAs

Havells India Ltd.

27 Mar 2025

1524.00

-0.76%

Aims to sustain profitability amid market challenges

Neutral: Havells India Ltd.

Target

Motilal Oswal

We met with Havells’ (HAVL) management to gain insights into industry trends and the outlook for key business segments. The management remains optimistic about growth prospects across core categories, supported by margin improvement initiatives.

Havells India Ltd. has an average target of 1724.75 from 8 brokers.

Havells India Ltd.

25 Feb 2025

1524.00

-0.76%

EBITDA margin in FY25E below Mean- 1 standard deviation in past 15 years; model mean reversion ahead

Buy: Havells India Ltd.

Target

ICICI Securities Limited

Havells’ EBITDA margin has declined from 12.6% in FY10 to 9.9% in FY24 and we model it to be 9.3% in FY25E. There are structural as well as cyclical/transitory reasons for the margin contractions.