Analysts Lower Havells India Price Target as Revenue Growth Slows and Margins Improve

AN

AnalystConsensusTarget

AnalystConsensusTarget

Not Invested

Based on Analyst Price Targets

Published

13 Nov 24

Updated

05 Dec 25

Views

83

n/a

n/a

AnalystConsensusTarget's Fair Value

n/a

1Y

-18.5%

7D

-0.5%

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1Y

-18.5%

7D

-0.5%

You can edit this narrative until Dec 6 1:05 PM. Then, changes will post as Updates.

Author's Valuation

₹1.67k15.4% undervalued

AnalystConsensusTarget Fair Value

Shared on 05 Dec 25

Fair value Decreased 0.11%

HAVELLS: Digital Expansion Will Support Premium Multiples And Future Upside

Analysts have marginally lowered their price target on Havells India to ₹1,668 from ₹1,670, reflecting slightly higher discount rate assumptions and a modest trimming of long term growth and margin expectations, while maintaining an overall constructive view on the company’s premium valuations. What's in the News Havells India and the HPL Group have signed a comprehensive Settlement Agreement resolving all long standing disputes and litigations over the use of the HAVELLS trademark, including matters before the Delhi High Court and the Supreme Court of India (company announcement).

Shared on 21 Nov 25

Fair value Decreased 0.21%

HAVELLS: Digital Expansion And Resolved Trademark Disputes Will Support Future Upside

Analysts have slightly lowered their price target for Havells India, revising it from ₹1,673.59 to ₹1,670.14. They cite marginal adjustments in growth and profitability expectations as the reason for this revision.

Shared on 06 Nov 25

Fair value Decreased 0.99%

HAVELLS: Digital Expansion Will Drive Wider Market Reach And Customer Accessibility

Analysts have adjusted their fair value estimate for Havells India slightly downward from ₹1,690.27 to ₹1,673.59. This adjustment is attributed to recent shifts in profit margins and projected earnings multiples.

Shared on 23 Oct 25

Fair value Decreased 1.06%

Analysts have revised their price target for Havells India slightly downward from ₹1,708 to ₹1,690. This reflects updated assumptions around discount rates, anticipated revenue growth, and margins.

Shared on 05 Sep 25

With negligible changes in both the Future P/E ratio (68.94x to 68.86x) and the Discount Rate (15.65% to 15.67%), the consensus analyst price target for Havells India has effectively remained unchanged at ₹1708. What's in the News Havells India is actively seeking acquisition opportunities to supplement its organic growth.

Shared on 01 May 25

Fair value Decreased 4.85%

Shared on 23 Apr 25

Fair value Decreased 4.91%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 17 Apr 25

Fair value Increased 0.075%

AnalystConsensusTarget has decreased shares outstanding growth rate from 0.0% to 0.0%.

Shared on 09 Apr 25

Fair value Decreased 0.91%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 02 Apr 25

Fair value Increased 5.29%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 26 Mar 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 19 Mar 25

Fair value Increased 0.93%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 12 Mar 25

Fair value Increased 1.30%

AnalystConsensusTarget Fair Value

₹1.67k

15.4% undervalued

Future estimation in

Growth p.a.

Growth p.a.

%

Decrease

Increase

Current revenue growth rate

12.86%

Electrical revenue growth rate

0.51%

Risk Level (Discount Rate)

Our default considers factors like the company's size, volatility, profitablity and country of operation.

%

0

Decrease

Increase

Current discount rate

16.04%

Calculation

₹23.17b

Earnings '28

x

70.32x

PE Ratio '28

=

₹1.63t

Market Cap '28

₹1.63t

Market Cap '28

/

622.25m

No. shares '28

=

₹2.62k

Share Price '28

₹2.62k Share Price '28

Discounted to 2025 @ 16.22% p.a.

=

₹1.67k

Fair Value '25