Havells India Ltd (HVEL)

Currency in INR
1,265.00
-9.40(-0.74%)
Closed·
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Fair Value
Day's Range
1,257.701,276.90
52 wk Range
1,123.601,621.10
Key Statistics
Bid/Ask
1,299.20 / 1,265.00
Prev. Close
1,274.4
Open
1,271.3
Day's Range
1,257.7-1,276.9
52 wk Range
1,123.6-1,621.1
Volume
420.52K
Average Volume (3m)
1.06M
1-Year Change
-13.6401%
Fair Value
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Fair Value Upside
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HVEL Scorecardpro icon
Company’s Health
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Fair Value
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Fair Price
Upside
Price Target
1,381.14
Upside
+9.18%
Members' Sentiments
Bearish
Bullish
ProTips
Has raised its dividend for 3 consecutive years

Havells India Ltd News & Analysis

Show more

Technical Analysis

Summary
Strong Sell
Sell
Neutral
Buy
Strong Buy
Strong Sell
Technical Indicators
Strong Sell
Moving Averages
Sell

Analyst Ratings

26 Buy
6 Hold
4 Sell
Ratings:
36 analysts
Overall Consensus
Buy

Analysts 12-Month Price Target:

Average 1,381.14
(+9.18% Upside)
Firm
ArticlePositionPrice TargetUpside / DownsideFrom Price TargetActionDate
JPMorgan
Hold1,200.00-5.14%1,300.00Maintain20/07/2026
Nomura/Instinet
Hold1,361.00+7.59%1,620.00Downgrade20/07/2026
ICICI Securities
Buy1,600.00+26.48%1,615.00Maintain19/07/2026
Macquarie
Buy1,468.00+16.05%1,588.00Maintain13/07/2026
Citi
Buy1,500.00+18.58%-Upgrade01/07/2026

Havells India Ltd Earnings Call Summary for Q1/2027

  • Havells India posted strong Q1 revenue growth despite inflation and delayed summer, but profitability pressured by doubled advertising spend.
  • Contribution margin held steady at 18.3%; price hikes of 5-20% passed through successfully across categories to offset raw material inflation.
  • Mixed segment performance: Lloyd saw single-digit growth, switchgear sales fell 4% YoY, cables/wires flat; renewables reported separately first time.
  • Shares rose 1.73% to $1,190.8, still 26.5% below 52-week high; stock trading near yearly lows despite solid financial foundation.
  • Management expects ad spending to normalize; capex of 1.4B rupees planned for FY2025, focusing on cables expansion and new R&D center.
Last Updated: 17/07/2026, 13:12
Read Full Transcript

Earnings

Latest Release
16/07/2026
EPS / Forecast
4.75 / 6.79
Revenue / Forecast
65.64B / 64.99B
EPS Revisions
Last 90 days

Dividends

Payout Ratio
Payout ratio (TTM)
Earnings retained
EPS 26.02%
Dividend Yield
0.78%
Industry Median 0.47%
Annualised payout
10.00
Paid unevenly
5-Years Growth
+9.00%
Growth Streak

Compare HVEL to Peers and Sector

Metrics to compare
HVEL
Peers
Sector
Relationship
P/E Ratio
49.0x51.1x12.2x
PEG Ratio
3.170.830.03
Price/Book
8.5x6.3x1.4x
Price / LTM Sales
3.4x2.3x1.2x
Upside (Analyst Target)
9.3%8.9%25.8%
Fair Value Upside
Unlock−0.3%7.4%Unlock

Havells India Limited, a fast-moving electrical and electronic durables company, manufactures, trades in, and sells various consumer electrical and electronic products in India and internationally. The company operates through six segments: Switchgears, Cables, Lighting and Fixtures, Electrical Consumer Durables, Lloyd Consumer, and Others. It offers switches; switchgears, such as circuit breakers, energy savers, human safety equipment, distribution boards, surge protection devices, and control and monitoring devices, as well as magnetic contractor, thermal overload relays, switchgear, circuit breakers, and starters; lighting products; and home appliances, including air conditioners, LED televisions, washing machines, refrigerators, air coolers and purifiers, appliances, personal grooming products, water heaters and purifiers, and geysers. The company also provides flexible, power, control, and fire survival cables; fans comprising ceiling, table, pedestal, wall, ceiling mounting, personal, and domestic exhaust fans; centrifugal, mono block, submersible, borewell and sewage submersible, pressure, and shallow well jet pumps; dishwashers; air circulators; and heavy-duty exhaust fans. In addition, it offers crane duty, smoke, brake, inverter duty, and energy motors; solar rooftop on grid, solar off grid, and solar on grid inverter solutions; power solutions, including power capacitors, IOT enabled IPFC relays, HD harmonic detuned reactors, IOT enabled APFC panels, and high PIV thyristor switches; and smart home automation solutions that connects lights, curtains, air conditioners, and other devices to control them through smart phone, tablet or wall panel, as well as smart modular switches and accessories. The company offers its products under the Havells, Lloyd, Havells Crabtree, REO, and Havells Studio brands. Havells India Limited was founded in 1958 and is based in Noida, India.

Ownership

Ownership Overview

Type
Common Stock Held% of Shares OutstandingMarket Value
Mutual Funds & ETFs
103.91M16.56%133.52B
Other Institutional Investors
380.89M60.69%489.44B
Public Companies & Retail Investors
142.77M22.75%183.46B
Total
627.56M100.00%806.42B

Top Holders

Holder
% of holding
Shares Held
Date Reported
Value (In 1,000s)
QRG Investments and Holdings Limited41.21%258,600,540332,301,694
Life Insurance Corporation of India7.65%48,034,21761,723,969

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FAQ

What Is the Havells India (NSE: HVEL) Share Price Today?

The Havells India stock price today is 1,265.00 INR.

What Stock Exchange Does Havells India (HVEL) Trade On?

Havells India is listed and trades on the India National Stock Exchange.

What Is the Ticker (Stock Symbol) for Havells India?

The stock symbol (also called a 'ticker') for Havells India is "HVEL."

Does Havells India Pay Dividends? What’s The Current HVEL Dividend Yield?

Yes, HVEL Pays Dividends to its Shareholders. The current Havells India dividend yield is 0.79%.

What Is the Current Havells India Market Capitalisation?

As of today, Havells India (NSE: HVEL) market cap is 793.87B INR.

What Is Havells India's (HVEL) Earnings Per Share (TTM)?

The Havells India EPS is currently 26.02 (Trailing Twelve Months).

When Is the Next Havells India Earnings Date?

Havells India's next earnings report will be released on 21/10/2026.

Is HVEL a Buy or Sell From a Technical Analyst Perspective?

Based on today's Havells India moving averages and other technical indicators, the daily buy/sell signal for HVEL stock is Buy.

How Many Times Has Havells India Stock Split?

Havells India has split 3 times. (See the HVEL stock split history page for full effective split date and price information.)

How Many Employees Does Havells India Have?

Havells India has 7598 employees, based on their latest Companies House report.

What is the current trading status of Havells India (NSE: HVEL)?

As of 12/08/2026, Havells India (HVEL) is trading at a share price of 1,265.00 INR, with a previous close of 1,274.40 INR. The stock has fluctuated within a day range of 1,257.70 INR to 1,276.90 INR, while its 52-week range spans from 1,123.60 INR to 1,621.10 INR.

What Is Havells India (HVEL) Price Target According to Analysts?

The average 12-month price target for Havells India is 1,381.14 INR, with a high estimate of 1700 INR and a low estimate of 1097 INR. 26 analysts recommend buying the stock, while 4 suggest selling, leading to an overall rating of Buy. The stock has an +9.18% Upside potential.
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