Havells India Limited

NSEI:HAVELLS Stock Report

Market Cap: ₹961.8b

Havells India Future Growth

Future criteria checks 4/6

Havells India is forecast to grow earnings and revenue by 15.8% and 11.8% per annum respectively. EPS is expected to grow by 16% per annum. Return on equity is forecast to be 21.3% in 3 years.

Key information

15.8%

Earnings growth rate

16.01%

EPS growth rate

Electrical earnings growth23.3%
Revenue growth rate11.8%
Future return on equity21.32%
Analyst coverage

Good

Last updated19 Jun 2025

Recent future growth updates

Havells India Limited (NSE:HAVELLS) Just Released Its Yearly Earnings: Here's What Analysts Think

Apr 25
Havells India Limited (NSE:HAVELLS) Just Released Its Yearly Earnings: Here's What Analysts Think

Havells India Limited Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Jan 19
Havells India Limited Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Havells India Limited Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Oct 20
Havells India Limited Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Havells India Limited Just Beat EPS By 7.1%: Here's What Analysts Think Will Happen Next

Jul 23
Havells India Limited Just Beat EPS By 7.1%: Here's What Analysts Think Will Happen Next

Recent updates

Here's Why Havells India (NSE:HAVELLS) Has Caught The Eye Of Investors

Jun 10
Here's Why Havells India (NSE:HAVELLS) Has Caught The Eye Of Investors

Havells India Limited (NSE:HAVELLS) Just Released Its Yearly Earnings: Here's What Analysts Think

Apr 25
Havells India Limited (NSE:HAVELLS) Just Released Its Yearly Earnings: Here's What Analysts Think

Havells India Limited's (NSE:HAVELLS) Shareholders Might Be Looking For Exit

Apr 12
Havells India Limited's (NSE:HAVELLS) Shareholders Might Be Looking For Exit

We Think Havells India (NSE:HAVELLS) Can Manage Its Debt With Ease

Mar 10
We Think Havells India (NSE:HAVELLS) Can Manage Its Debt With Ease

Havells India Limited Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Jan 19
Havells India Limited Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Is Now The Time To Put Havells India (NSE:HAVELLS) On Your Watchlist?

Jan 18
Is Now The Time To Put Havells India (NSE:HAVELLS) On Your Watchlist?

Returns On Capital At Havells India (NSE:HAVELLS) Have Stalled

Dec 31
Returns On Capital At Havells India (NSE:HAVELLS) Have Stalled

Havells India Limited's (NSE:HAVELLS) Business Is Trailing The Market But Its Shares Aren't

Nov 25
Havells India Limited's (NSE:HAVELLS) Business Is Trailing The Market But Its Shares Aren't
author-image

Cables Expansion And Product Diversification To Drive Growth Amid Market Challenges

Infrastructure investments in new cable plant expansion could boost revenue and margins through increased capacity and efficiencies.

Havells India Limited Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Oct 20
Havells India Limited Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Here's Why We Think Havells India (NSE:HAVELLS) Is Well Worth Watching

Sep 22
Here's Why We Think Havells India (NSE:HAVELLS) Is Well Worth Watching

Havells India (NSE:HAVELLS) Looks To Prolong Its Impressive Returns

Sep 06
Havells India (NSE:HAVELLS) Looks To Prolong Its Impressive Returns

Havells India (NSE:HAVELLS) Could Easily Take On More Debt

Aug 07
Havells India (NSE:HAVELLS) Could Easily Take On More Debt

Havells India Limited Just Beat EPS By 7.1%: Here's What Analysts Think Will Happen Next

Jul 23
Havells India Limited Just Beat EPS By 7.1%: Here's What Analysts Think Will Happen Next

Increases to Havells India Limited's (NSE:HAVELLS) CEO Compensation Might Cool off for now

Jun 22
Increases to Havells India Limited's (NSE:HAVELLS) CEO Compensation Might Cool off for now

Earnings and Revenue Growth Forecasts

NSEI:HAVELLS - Analysts future estimates and past financials data (INR Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
3/31/2028319,53024,79419,25626,54310
3/31/2027283,54521,88416,01124,52421
3/31/2026247,75918,09211,61620,63322
3/31/2025217,78114,7237,49315,153N/A
12/31/2024206,76514,011N/AN/AN/A
9/30/2024202,01414,10710,69919,144N/A
6/30/2024195,62413,916N/AN/AN/A
3/31/2024185,90012,70811,66819,529N/A
12/31/2023180,07211,821N/AN/AN/A
9/30/2023177,20911,7777,53314,700N/A
6/30/2023175,00111,156N/AN/AN/A
3/31/2023169,10710,717-2285,649N/A
12/31/2022164,77810,662N/AN/AN/A
9/30/2022160,14410,88510,79913,629N/A
6/30/2022155,73012,039N/AN/AN/A
3/31/2022139,38511,96514,69717,280N/A
12/31/2021128,51411,478N/AN/AN/A
9/30/2021123,62411,92110,01713,138N/A
6/30/2021115,83912,161N/AN/AN/A
3/31/2021104,57310,4434,1046,603N/A
12/31/202093,3559,186N/AN/AN/A
9/30/202084,3367,6938,82810,632N/A
6/30/202082,0686,224N/AN/AN/A
3/31/202094,4037,3564,6588,267N/A
12/31/201999,7767,570N/AN/AN/A
9/30/2019102,2817,514-9185,276N/A
6/30/2019101,8967,519N/AN/AN/A
3/31/2019100,7347,879-15,013N/A
3/31/201881,4646,749N/A10,992N/A
3/31/201761,5584,826N/A7,632N/A
3/31/201676,12613,001N/A5,134N/A
12/31/201579,9768,171N/AN/AN/A
9/30/201582,7773,345N/AN/AN/A
6/30/201584,1423,526N/AN/AN/A
3/31/201585,6943,854N/A9,626N/A
12/31/201486,8013,705N/AN/AN/A
9/30/201486,6874,724N/AN/AN/A
6/30/201484,9254,711N/AN/AN/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: HAVELLS's forecast earnings growth (15.8% per year) is above the savings rate (6.7%).

Earnings vs Market: HAVELLS's earnings (15.8% per year) are forecast to grow faster than the Indian market (14.9% per year).

High Growth Earnings: HAVELLS's earnings are forecast to grow, but not significantly.

Revenue vs Market: HAVELLS's revenue (11.8% per year) is forecast to grow faster than the Indian market (9.3% per year).

High Growth Revenue: HAVELLS's revenue (11.8% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: HAVELLS's Return on Equity is forecast to be high in 3 years time (21.3%)

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/06/20 06:22
End of Day Share Price 2025/06/20 00:00
Earnings2025/03/31
Annual Earnings2025/03/31

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.

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 Github.

Analyst Sources

Havells India Limited is covered by 60 analysts. 22 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Dhruv JainAmbit Capital
Manish ValechaAnand Rathi Shares and Stock Brokers Limited
null nullAntique Stockbroking Ltd.