NSE: HAVELLS | BSE: 517354

Expensive Performer

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1505.20 -2.20 (-0.15%)

27.12% Fall from 52W High

816.0K NSE+BSE Volume

NSE 29 Sep, 2025 3:31 PM (IST)

94,367.3

Market Cap

Market Runner Up

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.

Havells India Ltd.

05 May 2022

1505.20

-0.15%

Havells India (BUY): Plenty of positives BUY

Buy: Havells India Ltd.

BOB Capital Markets Ltd.

Strong Q4 topline aided by Lloyd and the wires & cables business, though RM inflation remained a drag on margins

Havells India Ltd. is trading below all available SMAs

Havells India Ltd.

10 Feb 2022

1505.20

-0.15%

HAVELLS INDIA LTD

Hold: Havells India Ltd.

Recommendation Target

Geojit BNP Paribas

Q3FY22 Revenue grew by 15% YoY, led by strong growth across products categories (excluding Lloyd) and higher realisation. Gross margin fell by 580bps YoY, due to higher RM cost & delay...

Havells India Ltd. has lost -25.90% in the last 1 Year

Havells India Ltd.

23 Jan 2022

1505.20

-0.15%

Commodity price inflation leads to earnings miss

Economy Update: Havells India Ltd.

Motilal Oswal

Havells India (HAVL)'s 3QFY22 earnings were 14% below our expectation, despite the topline being in line with expectation. While commodity price inflation did impact gross margins, as expected, cost-cutting measures such as ad spending, travel, etc. made a comeback. Adj. for an increase in ad spending, the earnings miss would have been broadly in-line with our expectation. From a two-year perspective, 3QFY22/9MFY22 saw a rev CAGR of 27%/15%. Adj. for price hikes, volume growth would have been flattish for 3Q, but still strong given the pent-up demand in the base quarter. The demand...

ICICI Securities Limited released a Buy report for Havells India Ltd. with a price target of 1800.0 on 12 Sep, 2025.

Havells India Ltd.

22 Jan 2022

1505.20

-0.15%

Havells India

Buy: Havells India Ltd.

Target

ICICI Securities Limited

...

Havells India Ltd. has lost -25.90% in the last 1 Year

Havells India Ltd.

21 Jan 2022

1505.20

-0.15%

Q3FY22 Result Update - Accumulate for LT gains amidst Omicron uncertainty

Accumulate: Havells India Ltd.

Target

Prabhudas Lilladhar

We expect HAVL to benefit from demand uptick in both Consumer & Industrial/Infra (25% of sales) portfolio given 1) Diverse product portfolio covering 70%+ of household electric sockets 2) Amongst top 3 players in most product categories (except Lloyd) 3) long runway for growth within current categories 4) Lloyd portfolio gaining traction & 5) focus on innovation & expansion of distribution reach. We estimate 17.9% earnings CAGR over FY21-24. Maintain Accumulate with DCF based TP of Rs1,381. Revenues up by 15.4%; PAT down by 12.4%: Revenues grew by 15.4% YoY to...

Havells India Ltd. has lost -25.90% in the last 1 Year

Havells India Ltd.

22 Oct 2021

1505.20

-0.15%

HAVELLS INDIA LTD

Sell: Havells India Ltd.

Target

Geojit BNP Paribas

Havells India Ltd (HAVL) is a leading player in electrical consumer goods in India. Its key verticals include switchgears, cables & wires, lighting fixtures and consumer appliances. Q2FY22 Revenue grew by 31% YoY supported by broad based growth across products categories and higher realisation. Gross margin declined by 600bps YoY due to higher RM cost. Lower ad-spends and tight cost control measures, limited the fall in EBITDA margin to 340bps YoY to 13.8%....

ICICI Securities Limited released a Buy report for Havells India Ltd. with a price target of 1800.0 on 12 Sep, 2025.

Havells India Ltd.

21 Oct 2021

1505.20

-0.15%

Strong volume led revenue growth

Buy: Havells India Ltd.

Target

ICICI Securities Limited

Havells reported healthy revenue growth of 31.7% YoY. However, the gross margin was down 605bps YoY due to (1) revenue mix deterioration, (2) steep commodity inflation and (3) lag effect of price hikes. The company benefitted from revival in economy and higher infrastructure spending. Profitability of Lloyd segment remained under stress even in Q2FY22 due to higher input prices and negative operating leverage.

Havells India Ltd. has an average target of 1693.00 from 7 brokers.

Havells India Ltd.

21 Oct 2021

1505.20

-0.15%

Margin normalization to limit earnings growth

Neutral: Havells India Ltd.

Target

Motilal Oswal

Havells India (HAVL)'s 2QFY22 earnings were 8% below our expectations despite the topline beat of 5%. Key operating parameters confirm our thesis of margin normalization from highs of FY21 even amid a strong demand environment. We expect the trend to continue over the next 23 quarters leading to strong topline growth, but muted EBITDA/earnings growth. Key positives include a) volume growth (ex-Cables) in the double digits, which is likely to sustain over the next few quarters; b) an uptick in the B2B business, with volume growth reflecting in Cables hereafter; and c)...

Number of FII/FPI investors increased from 866 to 876 in Jun 2025 qtr.

Havells India Ltd.

21 Oct 2021

1505.20

-0.15%

Q2FY22 Result Update - Strong demand outlook despite inflationary environment - ACCUMULATE

Accumulate: Havells India Ltd.

Target

Prabhudas Lilladhar

Price hikes likely given RM volatility; margins seem to have bottomed out We increase our FY22-FY24 earnings estimate by 2-4% given resilient demand momentum despite an inflationary environment given 1) robust festive season build-up 2) strong housing segment demand 3) healthy traction in...

Havells India Ltd. is trading below all available SMAs

Is Havells India Ltd. worth buying?

411 Votes:

Buy 73.24%

Sell 17.27%

Hold 9.49%

RESEARCH REPORTS

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Accumulate SEE REPORTS >

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