Havells India Limited

BSE:517354 Stock Report

Market Cap: ₹1.0t

Havells India Valuation

Is 517354 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 517354 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 517354 (₹1643.8) is trading above our estimate of fair value (₹479.46)

Significantly Below Fair Value: 517354 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 517354?

Key metric: As 517354 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 517354. This is calculated by dividing 517354's market cap by their current earnings.
What is 517354's PE Ratio?
PE Ratio73.2x
Earnings₹14.11b
Market Cap₹1.03t

Price to Earnings Ratio vs Peers

How does 517354's PE Ratio compare to its peers?

The above table shows the PE ratio for 517354 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average66.8x
POLYCAB Polycab India
58.2x17.8%₹1.0t
CGPOWER CG Power and Industrial Solutions
122.4x20.1%₹1.1t
517569 KEI Industries
65.1x22.3%₹406.4b
500008 Amara Raja Energy & Mobility
21.4x9.7%₹210.1b
517354 Havells India
73.2x19.0%₹1.0t

Price-To-Earnings vs Peers: 517354 is expensive based on its Price-To-Earnings Ratio (73.2x) compared to the peer average (66.8x).

Price to Earnings Ratio vs Industry

How does 517354's PE Ratio compare vs other companies in the IN Electrical Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
504058 Indo National
2.9xn/aUS$48.15m
No more companies available in this PE range
517354 73.2xIndustry Avg. 50.5xNo. of Companies12PE020406080100+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 517354 is expensive based on its Price-To-Earnings Ratio (73.2x) compared to the Indian Electrical industry average (51.8x).

Price to Earnings Ratio vs Fair Ratio

What is 517354's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

517354 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio73.2x
Fair PE Ratio45.8x

Price-To-Earnings vs Fair Ratio: 517354 is expensive based on its Price-To-Earnings Ratio (73.2x) compared to the estimated Fair Price-To-Earnings Ratio (45.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 517354 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹1,643.80
₹1,933.14
+17.6%
9.9%₹2,370.00₹1,460.00n/a35
Dec ’25₹1,717.75
₹1,929.00
+12.3%
9.6%₹2,370.00₹1,460.00n/a35
Nov ’25₹1,648.30
₹1,923.72
+16.7%
9.9%₹2,370.00₹1,460.00n/a36
Oct ’25₹1,999.55
₹1,892.75
-5.3%
9.6%₹2,245.00₹1,400.00n/a36
Sep ’25₹1,897.75
₹1,885.72
-0.6%
9.1%₹2,230.00₹1,400.00n/a36
Aug ’25₹1,836.40
₹1,878.68
+2.3%
9.8%₹2,230.00₹1,400.00n/a37
Jul ’25₹1,824.00
₹1,733.32
-5.0%
10.2%₹2,160.00₹1,260.00n/a37
Jun ’25₹1,909.00
₹1,689.84
-11.5%
9.4%₹2,040.00₹1,260.00n/a38
May ’25₹1,662.85
₹1,589.53
-4.4%
11.3%₹2,040.00₹1,130.00n/a38
Apr ’25₹1,513.80
₹1,466.42
-3.1%
9.4%₹1,880.00₹1,130.00n/a38
Mar ’25₹1,515.15
₹1,456.24
-3.9%
9.9%₹1,880.00₹1,130.00n/a38
Feb ’25₹1,314.75
₹1,444.79
+9.9%
9.5%₹1,880.00₹1,130.00n/a38
Jan ’25₹1,360.95
₹1,439.51
+5.8%
9.0%₹1,880.00₹1,140.00₹1,680.5039
Dec ’24₹1,312.10
₹1,436.47
+9.5%
9.1%₹1,880.00₹1,140.00₹1,717.7538
Nov ’24₹1,240.70
₹1,434.05
+15.6%
9.0%₹1,880.00₹1,140.00₹1,648.3039
Oct ’24₹1,389.35
₹1,434.00
+3.2%
9.8%₹1,900.00₹1,130.00₹1,999.5539
Sep ’24₹1,378.45
₹1,425.95
+3.4%
9.6%₹1,900.00₹1,130.00₹1,897.7539
Aug ’24₹1,320.90
₹1,425.30
+7.9%
9.5%₹1,900.00₹1,130.00₹1,836.4040
Jul ’24₹1,282.50
₹1,347.39
+5.1%
8.7%₹1,545.00₹1,009.00₹1,824.0038
Jun ’24₹1,331.80
₹1,333.95
+0.2%
8.4%₹1,500.00₹1,009.00₹1,909.0038
May ’24₹1,230.05
₹1,336.41
+8.6%
8.9%₹1,575.00₹1,072.00₹1,662.8537
Apr ’24₹1,188.45
₹1,339.19
+12.7%
8.8%₹1,575.00₹1,072.00₹1,513.8037
Mar ’24₹1,214.35
₹1,339.19
+10.3%
8.8%₹1,575.00₹1,072.00₹1,515.1537
Feb ’24₹1,197.65
₹1,336.03
+11.6%
9.1%₹1,575.00₹1,072.00₹1,314.7539
Jan ’24₹1,099.75
₹1,318.41
+19.9%
11.1%₹1,631.00₹1,046.00₹1,360.9539

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/06 09:16
End of Day Share Price 2025/01/06 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Havells India Limited is covered by 60 analysts. 21 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Nitin BhasinAmbit Capital
Manish ValechaAnand Rathi Shares and Stock Brokers Limited
null nullAntique Stockbroking Ltd.