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 ₹1,446. The average 1-year stock price forecast is 22.66% higher than the current stock price, while the lowest is ₹1,143 (-3.04%) and the highest is ₹1,702 (+44.38%).

Price Target: ₹1,446 (+22.66%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	₹1,143	₹1,446	₹1,490	₹1,702
Change	-3.04%	+22.66%	+26.36%	+44.38%

* Price targets were last updated on Apr 24, 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

Rating	Feb '26	Mar '26	Apr '26	May '26	Jun '26	Jul '26
Strong Buy	17	17	16	16	16	16
Buy	7	7	10	10	10	10
Hold	9	9	7	7	6	6
Sell	2	2	2	2	3	3
Strong Sell	1	1	1	1	1	1
Total	36	36	36	36	36	36

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Latika Chopra J.P. Morgan	J.P. Morgan	Hold Maintains ₹1,300	Hold	Maintains	₹1,300	+10.28%	Apr 24, 2026
Sonali Salgaonkar Jefferies	Jefferies	Hold Maintains ₹1,290	Hold	Maintains	₹1,290	+9.43%	Apr 9, 2026
Unknown Analyst Motilal Oswal No rating	Motilal Oswal	Hold Maintains ₹1,490	Hold	Maintains	₹1,490	+26.40%	Mar 4, 2026

Financial Forecast

Revenue This Year

259.27B

from 225.28B

15.09%

from 225.28B

Revenue Next Year

293.95B

from 259.27B

13.38%

from 259.27B

EPS This Year

28.28

from 27.49

2.87%

from 27.49

EPS Next Year

33.37

from 28.28

18.01%

from 28.28

Fiscal Year	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Mar 31, 2022	Mar 31, 2023	Mar 31, 2024	Mar 31, 2025	Mar 31, 2026	Mar 31, 2027
Revenue	139.38B	169.11B	185.90B	217.78B	225.28B	259.27B
Revenue Growth	33.29%	21.32%	9.93%	17.15%	3.44%	15.09%
Gross Profit	45.16B	51.40B	59.46B	70.72B	73.40B	84.78B
Gross Margin	32.40%	30.39%	31.99%	32.47%	32.58%	32.70%
Operating Income	15.01B	13.03B	15.04B	17.55B	17.79B	21.54B
Net Income	11.96B	10.72B	12.71B	14.72B	16.91B	17.64B
EPS	-	-	-	-	27.49	28.28
EPS Growth	-	-	-	-	15.79%	2.87%
Forward PE	51.79	52.89	61.26	54.93	41.04	41.69
Dividend / Share	7.50	7.50	9.00	10.00	10.00	11.47
Dividend Growth	-	-	20.00%	11.11%	-	14.67%
Free Cash Flow	12.13B	-2.58B	10.73B	5.97B	-708.36M	11.02B
No. Analysts	-	-	-	-	-	14

EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is INR.

Revenue Forecast

Revenue	2027	2028	2029
High	274.0B
Avg	259.3B
Low	248.6B

Revenue Growth

Revenue Growth	2027	2028	2029
High	21.6%
Avg	15.1%
Low	10.3%

EPS Forecast

EPS	2027	2028	2029
High	31.50
Avg	28.28
Low	25.83

EPS Growth

EPS Growth	2027	2028	2029
High	14.6%
Avg	2.9%
Low	-6.0%