Havells India Ltd (HVEL)

Currency in INR
1,031.00
-42.00(-3.91%)
Closed·
Trading near 52-week Low
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Fair Value
Day's Range
1,002.801,091.00
52 wk Range
1,002.801,516.60
Key Statistics
Bid/Ask
1,030.50 / 1,031.00
Prev. Close
1,031
Open
1,088.7
Day's Range
1,002.8-1,091
52 wk Range
1,002.8-1,516.6
Volume
2.85M
Average Volume (3m)
895.96K
1-Year Change
-31.0322%
Fair Value
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Fair Value Upside
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HAVELLS Scorecardpro icon
Company’s Health
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Fair Value
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Fair Price
Upside
Price Target
1,295.83
Upside
+25.69%
Members' Sentiments
Bearish
Bullish
ProTips
Has raised its dividend for 3 consecutive years

Havells India Ltd News & Analysis

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Technical Analysis

Summary
Strong Sell
Sell
Neutral
Buy
Strong Buy
Strong Sell
Technical Indicators
Strong Sell
Moving Averages
Sell

Analyst Ratings

26 Buy
6 Hold
3 Sell
Ratings:
35 analysts
Overall Consensus
Buy

Analysts 12-Month Price Target:

Average 1,295.83
(+25.69% Upside)
Firm
ArticlePositionPrice TargetUpside / DownsideFrom Price TargetActionDate
Nomura/Instinet
Hold1,232.00+19.50%1,361.00MaintainOct 23, 2026
Macquarie
Buy1,260.00+22.21%1,468.00MaintainOct 23, 2026
JPMorgan
Hold1,150.00+11.54%1,200.00MaintainOct 23, 2026
Goldman Sachs
Buy1,225.00+18.82%1,400.00MaintainOct 23, 2026
ICICI Securities
Buy1,500.00+45.49%1,600.00MaintainOct 23, 2026

Havells India Ltd Earnings Call Summary for Q2/2027

  • Havells India reported 35% YoY revenue growth in Q2 FY27, with EBITDA up 30%, driven by cables, switchgears, and renewables segments.
  • Cable margins pressured by aluminum volatility at 15% in H1; switchgear margins normalizing to 38-39% range with pricing actions underway.
  • Company allocated 14 billion rupees capex for FY27, primarily for cable capacity expansion in higher-margin MV/EHV products within 18 months.
  • Management expects 5-7% price increases in Q3 if raw material costs persist; Lloyd margins to improve in H2 with seasonal demand recovery.
  • ROCE declined to 23% from historical 25%+ levels; renewables segment scaled to 300 crore rupees quarterly revenue with brand-led strategy.
Last Updated: 22/10/2026, 12:44
Read Full Transcript

Earnings

Latest Release
Oct 21, 2026
EPS / Forecast
5.60 / 5.37
Revenue / Forecast
64.17B / 57.56B
EPS Revisions
Last 90 days

Dividends

Payout Ratio
Payout ratio (TTM)
Earnings retained
EPS 26.52
Dividend Yield
0.97%
Industry Median 0.48%
Annualised payout
10.00
Paid unevenly
5-Years Growth
-1.59%
Growth Streak

HAVELLS Income Statement

Compare HAVELLS to Peers and Sector

Metrics to compare
HAVELLS
Peers
Sector
Relationship
P/E Ratio
38.9x36.6x11.2x
PEG Ratio
2.860.540.03
Price/Book
6.6x4.9x1.4x
Price / LTM Sales
2.6x2.3x1.1x
Upside (Analyst Target)
25.7%32.9%36.7%
Fair Value Upside
Unlock7.7%11.3%Unlock

Havells India Limited, a fast-moving electrical and electronic durables company, manufactures, trades in, and sells various consumer electrical and electronic products in India and internationally. The company operates through six segments: Switchgears, Cables, Lighting and Fixtures, Electrical Consumer Durables, Lloyd Consumer, and Others. It offers switches; switchgears, such as circuit breakers, energy savers, human safety equipment, distribution boards, surge protection devices, and control and monitoring devices, as well as magnetic contractor, thermal overload relays, switchgear, circuit breakers, and starters; lighting products; and home appliances, including air conditioners, LED televisions, washing machines, refrigerators, air coolers and purifiers, appliances, personal grooming products, water heaters and purifiers, and geysers. The company also provides flexible, power, control, and fire survival cables; fans comprising ceiling, table, pedestal, wall, ceiling mounting, personal, and domestic exhaust fans; centrifugal, mono block, submersible, borewell and sewage submersible, pressure, and shallow well jet pumps; dishwashers; air circulators; and heavy-duty exhaust fans. In addition, it offers crane duty, smoke, brake, inverter duty, and energy motors; solar rooftop on grid, solar off grid, and solar on grid inverter solutions; power solutions, including power capacitors, IOT enabled IPFC relays, HD harmonic detuned reactors, IOT enabled APFC panels, and high PIV thyristor switches; and smart home automation solutions that connects lights, curtains, air conditioners, and other devices to control them through smart phone, tablet or wall panel, as well as smart modular switches and accessories. The company offers its products under the Havells, Lloyd, Havells Crabtree, REO, and Havells Studio brands. Havells India Limited was founded in 1958 and is based in Noida, India.

Ownership

Ownership Overview

Type
Common Stock Held% of Shares OutstandingMarket Value
Mutual Funds & ETFs
113.21M18.04%116.72B
Other Institutional Investors
358.25M57.09%369.36B
Public Companies & Retail Investors
156.10M24.87%160.94B
Total
627.56M100.00%647.02B

Top Holders

Holder
% of holding
Shares Held
Date Reported
Value (In 1,000s)
QRG Investments and Holdings Limited41.21%258,600,540266,617,157
Life Insurance Corporation of India7.65%48,034,21749,523,278

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FAQ

What Is the Havells India (HAVELLS) Stock Price Today?

The Havells India stock price today is 1,031.00 INR.

What Stock Exchange Does Havells India Trade On?

Havells India is listed and trades on the India National Stock Exchange.

What Is the Stock Symbol for Havells India?

The stock symbol for Havells India is "HAVELLS."

What Is the Havells India Market Cap?

As of today, Havells India market cap is 647.02B INR.

What Is Havells India's Earnings Per Share (TTM)?

The Havells India EPS (TTM) is 26.52.

When Is the Next Havells India Earnings Date?

Havells India will release its next earnings report on Jan 21, 2027.

From a Technical Analysis Perspective, Is HAVELLS a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Strong Sell.

How Many Times Has Havells India Stock Split?

Havells India has split 3 times.

How Many Employees Does Havells India Have?

Havells India has 7598 employees.

What is the current trading status of Havells India (HAVELLS)?

As of Oct 25, 2026, Havells India (HAVELLS) is trading at a price of 1,031.00 INR, with a previous close of 1,031.00 INR. The stock has fluctuated within a day range of 1,002.80 INR to 1,091.00 INR, while its 52-week range spans from 1,002.80 INR to 1,516.60 INR.

What Is Havells India (HAVELLS) Price Target According to Analysts?

The average 12-month price target for Havells India is 1,295.83 INR, with a high estimate of 1600 INR and a low estimate of 1050 INR. 26 analysts recommend buying the stock, while 3 suggest selling, leading to an overall rating of Buy. The stock has an +25.69% Upside potential.
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