NSE: HAVELLS | BSE: 517354

Expensive Performer

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1424.40 -2.40 (-0.17%)

Near 52W Low of ₹1380.00

666.1K NSE+BSE Volume

NSE 24 Dec, 2025 3:31 PM (IST)

89,301.6

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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.

17 Dec 2025

1424.40

-0.17%

Short-term softness; medium-term opportunities building

Buy: Havells India Ltd.

Target

ICICI Securities Limited

We remain positive on Havells although the near-term outlook is likely to be soft due to weak demand for air conditioners and potential impact on earnings due to change in BEE norms in Jan’26 in fans and air conditioners.

Number of FII/FPI investors decreased from 876 to 841 in Sep 2025 qtr

Havells India Ltd.

25 Oct 2025, 12:00AM

1424.40

-0.17%

Inventory overhang disrupts Q2, recovery in H2; maintaining a Buy

Buy: Havells India Ltd.

Target

Anand Rathi

Affected by an 18% y/y drop in Lloyd (and 2% in ECD), though offset by 12% y/y growth in cables & wires and 8% in switchgear, Havells’ Q2 was weak. ECD and Lloyd were hit by softer seasonal demand but would recover from Q3 as inventories normalise and festival demand booms.

Havells India Ltd. is trading below all available SMAs

Havells India Ltd.

24 Oct 2025

1424.40

-0.17%

HAVELLS INDIA LTD

Buy: Havells India Ltd.

Target

Geojit BNP Paribas

ICICI Securities Limited decreased Buy price target of Havells India Ltd. to 1725.0 on 17 Dec, 2025.

Havells India Ltd.

19 Oct 2025

1424.40

-0.17%

Havells India (HAVL IN) Q2FY26 Result Update Weak...

Accumulate: Havells India Ltd.

Target

Prabhudas Lilladhar

Havells India Ltd. is trading below all available SMAs

Havells India Ltd.

12 Sep 2025

1424.40

-0.17%

FY25 annual report analysis: Aggressive investments in R&D, distribution and capex

Buy: Havells India Ltd.

ICICI Securities Limited

We remain constructive on Havells, as its FY25 annual report indicates aggressive investments across key business parameters such as R&D, distribution, branding and capex.

Number of FII/FPI investors decreased from 876 to 841 in Sep 2025 qtr

Havells India Ltd.

22 Jul 2025

1424.40

-0.17%

Transitory impact of early monsoon; long-term growth drivers intact

Buy: Havells India Ltd.

Target

ICICI Securities Limited

While the impact of early monsoon on off-take of RAC, fans and coolers was higher-than-expected, we believe the impact is transitory in nature and there is negligible impact on long-term value creation.

ICICI Securities Limited decreased Buy price target of Havells India Ltd. to 1725.0 on 17 Dec, 2025.

Havells India Ltd.

22 Jul 2025

1424.40

-0.17%

Havells India (HAVL IN) Q1FY26 Result Update Lloyd...

Accumulate: Havells India Ltd.

Target

Prabhudas Lilladhar

We downward revise Havells FY26/27 earnings by 6.4%/6.0% to factor in the weak performance of Lloyd and ECD in current quarter, heavy compliance cost and pressure from inventory liquidation .while Havells reported strong growth in W&C segment with a volume growth of 20-21%. ECD and Lloyd segment declined due to unseasonal rains, product mix change and weak summer. Inventory levels of RAC are high at company level, which is expected to normalize in coming quarters. Company plans to double its underground cable capacity by FY27, with its new Tumkur facility already ramping up production,...

Havells India Ltd. has an average target of 1642.57 from 7 brokers.

Havells India Ltd.

21 Jul 2025

1424.40

-0.17%

Subdued start to FY26; C&W offers support

Neutral: Havells India Ltd.

Target

Motilal Oswal

Havells India’s (HAVL) 1QFY26 revenue declined ~6% YoY to INR54.6b (~7% miss), driven by lower-than-expected growth in the Lloyd/ECD/lighting segments.

ICICI Securities Limited decreased Buy price target of Havells India Ltd. to 1725.0 on 17 Dec, 2025.

Havells India Ltd.

26 May 2025, 12:00AM

1424.40

-0.17%

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. is trading below all available SMAs

Havells India Ltd.

14 May 2025

1424.40

-0.17%

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. is trading below all available SMAs

Is Havells India Ltd. worth buying?

419 Votes:

Buy 73.51%

Sell 16.95%

Hold 9.55%

RESEARCH REPORTS

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