NSE: HAVELLS | BSE: 517354

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1474.20 -17.40 (-1.17%)

30.00% Fall from 52W High

1.5M NSE+BSE Volume

NSE 11 Aug, 2025 3:31 PM (IST)

92,423.7

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0.9

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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.

22 Jul 2025

1474.20

-1.17%

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.

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

Havells India Ltd.

22 Jul 2025

1474.20

-1.17%

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 1693.00 from 7 brokers.

Havells India Ltd.

21 Jul 2025

1474.20

-1.17%

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.

Havells India Ltd. is trading below all available SMAs

Havells India Ltd.

26 May 2025

1474.20

-1.17%

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. has an average target of 1693.00 from 7 brokers.

Havells India Ltd.

14 May 2025

1474.20

-1.17%

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. has an average target of 1693.00 from 7 brokers.

Havells India Ltd.

23 Apr 2025

1474.20

-1.17%

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 1693.00 from 7 brokers.

Havells India Ltd.

23 Apr 2025

1474.20

-1.17%

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

1474.20

-1.17%

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 increased from 866 to 876 in Jun 2025 qtr.

Havells India Ltd.

23 Apr 2025

1474.20

-1.17%

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 1693.00 from 7 brokers.

Havells India Ltd.

22 Apr 2025

1474.20

-1.17%

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

Is Havells India Ltd. worth buying?

407 Votes:

Buy 72.97%

Sell 17.44%

Hold 9.58%

RESEARCH REPORTS

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