|
09 Sep 2025 |
Havells
|
Consensus Share Price Target
|
1579.20 |
1708.32 |
- |
8.18 |
buy
|
|
|
|
|
20 Oct 2023
|
Havells
|
BOB Capital Markets Ltd.
|
1579.20
|
1600.00
|
1292.95
(22.14%)
|
Target met |
Buy
|
|
|
Mixed quarter with 5% YoY declines in ECD and flat lighting but 8% growth in cable & wires and 9% in switches
|
|
20 Oct 2023
|
Havells
|
Prabhudas Lilladhar
|
1579.20
|
1538.00
|
1292.95
(22.14%)
|
Target met |
Accumulate
|
|
|
|
|
27 Sep 2023
|
Havells
|
Prabhudas Lilladhar
|
1579.20
|
1538.00
|
1406.65
(12.27%)
|
Target met |
Accumulate
|
|
|
|
|
28 Jul 2023
|
Havells
|
Geojit BNP Paribas
|
1579.20
|
1470.00
|
1325.10
(19.18%)
|
Target met |
Buy
|
|
|
|
|
21 Jul 2023
|
Havells
|
Keynote Capitals Ltd
|
1579.20
|
1501.00
|
1303.25
(21.17%)
|
Target met |
Buy
|
|
|
Quarterly Update Q1FY24
|
|
21 Jul 2023
|
Havells
|
Prabhudas Lilladhar
|
1579.20
|
1460.00
|
1303.25
(21.17%)
|
Target met |
Buy
|
|
|
|
|
21 Jul 2023
|
Havells
|
ICICI Securities Limited
|
1579.20
|
1600.00
|
1348.05
(17.15%)
|
Target met |
Buy
|
|
|
We note three structural growth drivers from Q1FY24 as (1) the company is in early stages to develop white label business (EMS) via exports, (2) It has entered premium and luxury segment via launch of Havells Studio; we believe the premiumisation path could potentially result in structural margin expansion and (3) B2B sales are likely to remain strong in coming quarters.
|
|
20 Jul 2023
|
Havells
|
BOB Capital Markets Ltd.
|
1579.20
|
1600.00
|
1348.05
(17.15%)
|
Target met |
Buy
|
|
|
Q1 a miss due to soft EBIT margins in ECD (-220bps YoY to 10.9%) and lighting (-210bps to 14.3%)
|
|
20 Jul 2023
|
Havells
|
Motilal Oswal
|
1579.20
|
1580.00
|
1348.05
(17.15%)
|
Target met |
Buy
|
|
|
|
|
18 Jul 2023
|
Havells
|
Motilal Oswal
|
1579.20
|
1580.00
|
1334.40
(18.35%)
|
Target met |
Buy
|
|
|
|