H

Havells India Limited

HAVELLSNSE
Market snapshot · 2026-08-11 21:03 UTC

1,274.40

₹-10.60 (-0.82%)

MARKET CAP

₹79.98K Cr

STOCK P/E

49.1x

52W HIGH

₹1,621.10

52W LOW

₹1,123.60

BOOK VALUE

₹150.74

EPS

₹25.96

ROE

SECTOR

Industrials

DEBT/EQUITY

2.80

VOLUME

4.73L

P/B RATIO

8.45x

PEG RATIO

0.20

Sector

Industrials

Themes

Electrical Components & EquipmentsSemiconductorManufacturingLife Insurance Corporation of India Portfolio
D
Dividend
E
Earnings
₹1,578.08₹1,471.19₹1,364.29₹1,257.40₹1,150.50VolumeEEDEDEAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

Forecast

Analyst targets, estimate history, and probabilistic forward ranges for HAVELLS.

36.00 analysts

Price Forecast

Current
₹1,274
High Target
₹1,700
▲ +33.4%
Median Target
₹1,393
▲ +9.3%
Low Target
₹1,097
▼ -13.9%
Now₹1,274High ₹1,700Median ₹1,393Low ₹1,097Aug '25Now12M Target
Price history (1Y)
Analyst target range
36 analysts

Probabilistic Range

Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.

Time horizonRange ()Probability
3M₹1,087 - ₹1,47580%
6M₹1,014 - ₹1,56180%
12M₹916.07 - ₹1,68680%
Realized vol: +23.8% · Drift: +0.3%

Revenue Forecast

₹ Cr
Jun '26Current₹6,510.0
Sep 2026 ETrend estimate range
High₹5,770.5Base₹5,343.1Low₹4,915.7
Sep '25: ₹4,767.0 · Dec '25: ₹5,573.0 · Mar '26: ₹6,688.0 · Jun '26: ₹6,510.0 · Sep '26: ₹5,343.1 · Dec '26: ₹6,246.5
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E4,767.05,573.06,688.06,510.05,343.16,246.5
PastCurrentTrend estimate: Low / Base / High

EPS Forecast

₹ / share
Jun '26Current₹4.76
Sep 2026 ETrend estimate range
High₹6.27Base₹5.59Low₹4.92
Sep '25: ₹5.06 · Dec '25: ₹4.80 · Mar '26: ₹11.71 · Jun '26: ₹4.76 · Sep '26: ₹5.59 · Dec '26: ₹5.31
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E5.064.8011.714.765.595.31
PastCurrentTrend estimate: Low / Base / High
Market Intelligence

Multi-factor synthesis of 5 key dimensions

Overall Outlook
Neutral
65%
Analyst Consensus
Weakening

From 36 analysts

Mean upside+8.4%

Fundamentals

Moderate

Fundamentals institutional score is 44 using growth durability 44.5.

Valuation

Attractive relative to peers

Valuation institutional score is 90 using relative multiple z-scores where peer dispersion is available.

Analyst Consensus

Neutral

Analyst View institutional score is 55 using mean target upside 8.4%; dispersion penalty 17.5; recommendation breadth from available consensus.

Technical Structure

Strong Trend

Technicals institutional score is 86 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.

Market Sentiment

Neutral backdrop

Recent news flow is balanced or not decisive enough to tilt the tape. Based on 9 recent ticker-linked news items.

Signal Summary

Market intelligence remains Neutral. valuation and technical structure provide support, while fundamentals and market sentiment remain considerations.

Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.

Fundamentals ModerateValuation Attractive relative to peersAnalyst Consensus NeutralTechnical Structure Strong TrendMarket Sentiment Neutral backdrop

Key Data Points

Mean Target Price1,381.1 target
Mean Upside+8.4%
Technical Score86%
Fundamental Score45%
Data CoverageHigh

Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.

Valuation Metrics

Trading 13.5% below historical median. Valuation is declining — currently in the strongly undervalued zone (z-score: -1.03). Confidence: 86%.

Live forward EPS implies next-12-month EPS of ₹32.71. Applying the stock's normalized valuation corridor produces a fair range of ₹1,667.88 to ₹2,005.12, with base value near ₹1,856.29 (+45.7% vs current price).

Forward Valuation Outlook

Live forward estimate anchored to the company's historical valuation corridor.

Below normalized range

Forward EPS

₹32.71

Forward P/E

39.0x

Base Fair Value

₹1,856.29

Fair Range

₹1,667.88 - ₹2,005.12

Upside To Base

+45.7%

Estimate Source

Live forward EPS

Growth Estimate

-16.6%

P/E
Strongly Undervalued

5Y Average

53.10

Current

49.09

Overvalued

61.30

Undervalued

50.99

EV/EBITDA
Strongly Undervalued

5Y Average

40.82

Current

37.74

Overvalued

44.61

Undervalued

36.15

P/B
Strongly Undervalued

5Y Average

10.06

Current

8.45

Overvalued

11.23

Undervalued

8.46

Peers & Comparison

Sector: Industrials · Theme: Electrical Components & Equipments

Electrical Components & Equipments Peers8 peers
Avg P/E: 45.1x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
CG POWER AND IND SOL LTD
CGPOWERHeavy Electrical Equipments
+14.0%9.8%
111.4x
Premium
+147% vs avg
+33.5%
DR. REDDY S LABORATORIES
DRREDDYPharmaceuticals
-5.6%10.0%
30.3x
Undervalued
-33% vs avg
-5.0%
EICHER MOTORS LTD
EICHERMOTTrucks & Buses
+31.5%23.2%
38.1x
Undervalued
-16% vs avg
+41.0%
BSE LIMITED
BSEStock Exchanges & Ratings
+64.0%48.9%
52.5x
Premium
+16% vs avg
+51.8%
APOLLO HOSPITALS ENTER. L
APOLLOHOSPHospitals & Diagnostic Centres
+18.1%7.7%
65.0x
Premium
+44% vs avg
+23.2%
HINDALCO INDUSTRIES LTD
HINDALCOMetals - Aluminium
+32.1%5.5%
14.2x
Undervalued
-69% vs avg
+58.0%
HCL TECHNOLOGIES LTD
HCLTECHIT Services & Consulting
+3.0%13.0%
21.3x
Undervalued
-53% vs avg
-9.5%
BAJAJ AUTO LIMITED
BAJAJ-AUTOTwo Wheelers
+64.0%16.3%
27.9x
Undervalued
-38% vs avg
+42.5%
WHY THESE PEERS

HAVELLS INDIA LIMITED trades in line with peers (49.1x vs avg 45.1x), reflecting a fair valuation within the Electrical Components & Equipments cohort. Peers include CG POWER AND IND SOL LTD, DR. REDDY S LABORATORIES, EICHER MOTORS LTD — selected based on business model, industry classification, market cap similarity, and business theme alignment.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹6.51K CrJun 2026

Latest net profit

₹298 CrJun 2026

Latest EPS

₹4.76Jun 2026

Net margin

7.0%Jun 2026

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.0%3.0%6.0%9.0%12.0%0.00 Cr2.00K Cr4.00K Cr6.00K Cr8.00K Cr
  • Revenue
  • Net income
  • Net margin %

Earnings

Revenue is shown in crores. EPS is rupees per share.

Rs crore + Rs/share
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.00 Cr2.00K Cr4.00K Cr6.00K Cr8.00K Cr₹0₹3₹6₹9₹12
  • Revenue
  • EPS

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
RevenueExpensesDepreciationOtheradjustmentsOperatingprofitOther incomeInterestOtheradjustmentsProfitbefore taxTax & otherNet Profit0.00 Cr2.00K Cr4.00K Cr6.00K Cr8.00K Cr

Latest reported period: Jun 2026

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Annual view
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026-5.00K Cr0.00 Cr5.00K Cr10.00K Cr15.00K Cr
  • Debt
  • Free cash flow
  • Cash & equivalents

Results

MetricJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales +4,8243,8914,4015,4345,7984,5334,8826,5325,4384,7675,5736,6886,510
Expenses +4,4213,5183,9684,7985,2224,1534,4515,7714,9184,3255,0495,9606,036
Operating Profit402373433637576380432761520442524728474
OPM %8%10%10%12%10%8%9%12%10%9%9%11%7%
Other Income +65525676779364696986-232654
Interest891018910915999107
Depreciation768188939295104108105105108111120
Profit before tax382335391601553368382706475414405933401
Tax %25%26%26%25%26%26%26%26%26%23%26%21%26%
Net Profit +287249288449411273283522352317301734298
EPS in Rs4.593.974.597.166.564.354.518.335.625.064.8011.714.76
Raw PDF

All values in ₹ Crores unless otherwise stated. Source: Screener Master (Standalone).

Shareholding Pattern

HolderJun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters +59.38%59.38%59.38%59.38%59.35%
FIIs +21.59%19.28%17.96%16.93%15.91%
DIIs +13.18%15.35%16.53%17.50%18.04%
Government +0.17%0.17%0.17%0.23%0.23%
Public +5.62%5.81%5.95%5.96%6.47%
Others0.06%0.01%0.01%
Jun 2026
Promoters +
FIIs +
DIIs +
Government +
Public +

Events Timeline

Annual Report FY26

FY2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Change in Management

Aug 04, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Newspaper Publication

Aug 03, 2026PDFCompany Reports Open

Shareholder Meeting / Postal Ballot-Notice of Postal Ballot

Jul 31, 2026PDFCompany Reports Open

Intimation Of Postal Ballot/ E-Voting

Jul 30, 2026PDFCompany Reports Open