Havells India Limited (NSE:HAVELLS)
India flag India · Delayed Price · Currency is INR
1,089.90
+2.90 (0.27%)
Sep 16, 2026, 3:14 PM IST

Havells India Stock Forecast

Stock Price Forecast

According to 36 analysts polled by S&P Global, Havells India stock has a consensus rating of "Buy" and an average price target of ₹1,376. The average 1-year stock price forecast is 26.28% higher than the current stock price, while the lowest is ₹1,097 (+0.65%) and the highest is ₹1,700 (+55.98%).

Price Target: ₹1,376 (+26.28%)
Analyst Consensus: Buy

Price Target

Chart
TargetLowAverageMedianHigh
Price₹1,097₹1,376₹1,390₹1,700
Change+0.65%+26.28%+27.53%+55.98%
* Price targets were last updated on Jul 21, 2026.

Analyst Ratings

The average analyst rating for Havells India stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Chart
RatingApr '26May '26Jun '26Jul '26Aug '26Sep '26
Strong Buy161616171717
Buy101010999
Hold776666
Sell223333
Strong Sell111111
Total363636363636

Latest Forecasts

AnalystFirmRatingRatingActionPrice TargetUpsideDate
J.P. Morgan
J.P. Morgan
Hold
Maintains
₹1,200
HoldMaintains₹1,200+10.10%Jul 21, 2026
Jefferies
Jefferies
Hold
Maintains
₹1,240
HoldMaintains₹1,240+13.77%Jul 20, 2026

Financial Forecast

Revenue This Year
261.34B
from 225.28B
Increased by 16.01%
Revenue Next Year
296.90B
from 261.34B
Increased by 13.60%
EPS This Year
26.55
from 27.49
Decreased by -3.42%
EPS Next Year
32.26
from 26.55
Increased by 21.49%
Fiscal YearFY 2022FY 2023FY 2024FY 2025FY 2026FY 2027
Period EndingMar 31, 2022Mar 31, 2023Mar 31, 2024Mar 31, 2025Mar 31, 2026Mar 31, 2027
Revenue
139.38B169.11B185.90B217.78B225.28B261.34B
Revenue Growth
33.29%21.32%9.93%17.15%3.44%16.01%
Gross Profit
45.16B51.40B59.46B70.72B73.40B84.41B
Gross Margin
32.40%30.39%31.99%32.47%32.58%32.30%
Operating Income
15.01B13.03B15.04B17.55B17.79B20.39B
Net Income
11.96B10.72B12.71B14.72B16.91B16.65B
EPS
----27.4926.55
EPS Growth
----15.79%-3.42%
Forward PE
51.7952.8961.2654.9341.0441.05
Dividend / Share
7.507.509.0010.0010.0010.86
Dividend Growth
15.38%-20.00%11.11%-8.64%
Free Cash Flow
12.13B-2.58B10.73B5.97B-708.36M8.63B
No. Analysts
-----14
EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is INR.

Revenue Forecast

Revenue202720282029
High273.4B
Avg261.3B
Low251.2B

Revenue Growth

Revenue Growth202720282029
High
21.3%
Avg
16.0%
Low
11.5%

EPS Forecast

EPS202720282029
High28.80
Avg26.55
Low24.80

EPS Growth

EPS Growth202720282029
High
4.8%
Avg
-3.4%
Low
-9.8%