Havells India Limited (NSE:HAVELLS)
India flag India · Delayed Price · Currency is INR
1,260.40
-1.30 (-0.10%)
Jul 31, 2026, 3:30 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 ₹1,383. The average 1-year stock price forecast is 9.74% higher than the current stock price, while the lowest is ₹1,144 (-9.24%) and the highest is ₹1,700 (+34.88%).

Price Target: ₹1,383 (+9.74%)
Analyst Consensus: Buy

Price Target

Chart
TargetLowAverageMedianHigh
Price₹1,144₹1,383₹1,393₹1,700
Change-9.24%+9.74%+10.48%+34.88%

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
RatingFeb '26Mar '26Apr '26May '26Jun '26Jul '26
Strong Buy171716161616
Buy7710101010
Hold997766
Sell222233
Strong Sell111111
Total363636363636

Latest Forecasts

AnalystFirmRatingRatingActionPrice TargetUpsideDate
J.P. Morgan
J.P. Morgan
Hold
Maintains
₹1,200
HoldMaintains₹1,200-4.79%Jul 21, 2026
Jefferies
Jefferies
Hold
Maintains
₹1,240
HoldMaintains₹1,240-1.62%Jul 20, 2026
Unknown Analyst
Motilal Oswal
No rating
Motilal Oswal
Hold
Maintains
₹1,490
HoldMaintains₹1,490+18.22%Mar 4, 2026

Financial Forecast

Revenue This Year
260.42B
from 225.28B
Increased by 15.60%
Revenue Next Year
296.73B
from 260.42B
Increased by 13.94%
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
139.38B169.11B185.90B217.78B225.28B260.42B
Revenue Growth
33.29%21.32%9.93%17.15%3.44%15.60%
Gross Profit
45.16B51.40B59.46B70.72B73.40B84.11B
Gross Margin
32.40%30.39%31.99%32.47%32.58%32.30%
Operating Income
15.01B13.03B15.04B17.55B17.79B20.42B
Net Income
11.96B10.72B12.71B14.72B16.91B16.65B
EPS
----27.4926.55
EPS Growth
----17.07%-3.42%
Forward PE
51.7952.8961.2654.9341.0447.47
Dividend / Share
7.507.509.0010.0010.0011.02
Dividend Growth
--20.00%11.11%-10.23%
Free Cash Flow
12.13B-2.58B10.73B5.97B-708.36M9.79B
No. Analysts
-----13
EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is INR.

Revenue Forecast

Revenue202720282029
High266.9B
Avg260.4B
Low251.2B

Revenue Growth

Revenue Growth202720282029
High
18.5%
Avg
15.6%
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%