NSE: HAVELLS | BSE: 517354

Expensive Performer

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1571.70 38.85 (2.53%)

25.37% Fall from 52W High

2.0M NSE+BSE Volume

NSE 15 Apr, 2025 3:31 PM (IST)

98,536.4

Market Cap

Market Leader

0.8

Beta 1Year

Low volatility

Acquisition

Havells India invests Rs 600 crore for up to a 9.2% stake in Goldi Solar for solar component access See details

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.

27 Mar 2025

1571.70

2.53%

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 1765.62 from 8 brokers.

Havells India Ltd.

25 Feb 2025

1571.70

2.53%

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.

Number of FII/FPI investors decreased from 965 to 921 in Dec 2024 qtr

Havells India Ltd.

19 Feb 2025

1571.70

2.53%

HAVELLS INDIA LTD

Buy: Havells India Ltd.

Target

Geojit BNP Paribas

Havells India Ltd. is trading above its 50 day SMA of 1514.1

Havells India Ltd.

22 Jan 2025

1571.70

2.53%

HAVELLS INDIA LTD.

Sell: Havells India Ltd.

Ventura

High valuation unwarranted in competitive FMEG market

Havells India Ltd. has an average target of 1765.62 from 8 brokers.

Havells India Ltd.

18 Jan 2025

1571.70

2.53%

Feeble Q3 performance, but on the right track; maintaining a Buy

Buy: Havells India Ltd.

Target

Anand Rathi

Fluctuating commodity prices dented domestic wire growth, resulting in overall moderated Q3 revenue growth for Havells. The festival season, though, saw improved demand. Investments in brand-building and talent were elevated in Q3, but are likely to stabilise; thus, better margins are
expected ahead with growth coming in.

Havells India Ltd. has an average target of 1765.62 from 8 brokers.

Havells India Ltd.

17 Jan 2025

1571.70

2.53%

Healthy revenue growth; margin a bit lower

Neutral: Havells India Ltd.

Target

Motilal Oswal

Havells India (HAVL)’s 3QFY25 revenue grew 11% YoY to INR49b (in line) as better-than-expected growth in the ECD/Switchgear segments was offset by lower revenue from the C&W segment

Motilal Oswal decreased Neutral price target of Havells India Ltd. to 1650.0 on 27 Mar, 2025.

Havells India Ltd.

19 Nov 2024

1571.70

2.53%

HAVELLS INDIA LTD

Buy: Havells India Ltd.

Recommendation Target

Geojit BNP Paribas

Motilal Oswal decreased Neutral price target of Havells India Ltd. to 1650.0 on 27 Mar, 2025.

Havells India Ltd.

20 Oct 2024

1571.70

2.53%

HAVELLS INDIA LTD

Accumulate: Havells India Ltd.

Target

Prabhudas Lilladhar

Havells India Ltd. is trading below its 100 day SMA of 1584.9

Havells India Ltd.

20 Oct 2024

1571.70

2.53%

Margins expected to recover in H2; maintaining a Buy

Buy: Havells India Ltd.

Target

Anand Rathi

Improved demand drove Havells’ revenue to grow 16% y/y, but margins dragged the Q2 performance. Supported by festival season offtake, we remain optimistic regarding H2 and expect margins to recover.

Havells India Ltd. has an average target of 1765.62 from 8 brokers.

Havells India Ltd.

18 Oct 2024

1571.70

2.53%

Strong B2C growth; Rural off-take and margin revival likely in H2FY25

Buy: Havells India Ltd.

Target

ICICI Securities Limited

Havells reported strong performance in B2C segment with 20% revenue growth YoY. Broad-based growth across segments led to strong revenues but higher operational costs weighed on margins.

Havells India Ltd. has an average target of 1765.62 from 8 brokers.

Is Havells India Ltd. worth buying?

398 Votes:

Buy 73.37%

Sell 17.34%

Hold 9.3%

RESEARCH REPORTS

Neutral SEE REPORTS >

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Buy SEE REPORTS >

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