Havells India Limited (NSE:HAVELLS)
India flag India · Delayed Price · Currency is INR
1,268.00
-10.00 (-0.78%)
Aug 21, 2026, 3:15 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 ₹1,381. The average 1-year stock price forecast is 8.92% higher than the current stock price, while the lowest is ₹1,097 (-13.49%) and the highest is ₹1,700 (+34.07%).

Price Target: ₹1,381 (+8.92%)
Analyst Consensus: Buy

Price Target

Chart
TargetLowAverageMedianHigh
Price₹1,097₹1,381₹1,393₹1,700
Change-13.49%+8.92%+9.82%+34.07%
* 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
RatingMar '26Apr '26May '26Jun '26Jul '26Aug '26
Strong Buy171616161717
Buy710101099
Hold977666
Sell222333
Strong Sell111111
Total363636363636

Latest Forecasts

AnalystFirmRatingRatingActionPrice TargetUpsideDate
J.P. Morgan
J.P. Morgan
Hold
Maintains
₹1,200
HoldMaintains₹1,200-5.36%Jul 21, 2026
Jefferies
Jefferies
Hold
Maintains
₹1,240
HoldMaintains₹1,240-2.21%Jul 20, 2026
Unknown Analyst
Motilal Oswal
No rating
Motilal Oswal
Hold
Maintains
₹1,490
HoldMaintains₹1,490+17.51%Mar 4, 2026

Financial Forecast

Revenue This Year
260.72B
from 225.28B
Increased by 15.73%
Revenue Next Year
296.68B
from 260.72B
Increased by 13.79%
EPS This Year
27.02
from 27.49
Decreased by -1.71%
EPS Next Year
32.71
from 27.02
Increased by 21.08%
Fiscal YearFY 2022FY 2023FY 2024FY 2025FY 2026FY 2027
Period EndingMar 31, 2022Mar 31, 2023Mar 31, 2024Mar 31, 2025Mar 31, 2026Mar 31, 2027
Revenue
139.38B169.11B185.90B217.78B225.28B260.72B
Revenue Growth
33.29%21.32%9.93%17.15%3.44%15.73%
Gross Profit
45.16B51.40B59.46B70.72B73.40B83.59B
Gross Margin
32.40%30.39%31.99%32.47%32.58%32.06%
Operating Income
15.01B13.03B15.04B17.55B17.79B20.42B
Net Income
11.96B10.72B12.71B14.72B16.91B16.84B
EPS
----27.4927.02
EPS Growth
----15.79%-1.71%
Forward PE
51.7952.8961.2654.9341.0446.93
Dividend / Share
7.507.509.0010.0010.0011.00
Dividend Growth
15.38%-20.00%11.11%-10.01%
Free Cash Flow
12.13B-2.58B10.73B5.97B-708.36M9.44B
No. Analysts
-----23
EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is INR.

Revenue Forecast

Revenue202720282029
High271.6B
Avg260.7B
Low251.9B

Revenue Growth

Revenue Growth202720282029
High
20.6%
Avg
15.7%
Low
11.8%

EPS Forecast

EPS202720282029
High29.00
Avg27.02
Low24.94

EPS Growth

EPS Growth202720282029
High
5.5%
Avg
-1.7%
Low
-9.3%