Leading electrical equipment manufacturer in India, Havells India Ltd. produces and distributes a variety of items including switchgear, cables, fans, lighting fixtures, and home appliances. The business has consistently expanded over the years and has become a reputable name in the Indian industry. In the three months ending March 2023, Havells India Ltd. reported an increase in consolidated net profit of 1.4% to 358 crores. This compares to a net profit of 353 crore in the comparable quarter of the previous fiscal year. When compared to the same quarter a year prior, the consolidated revenue from operations increased by 9.8% to 4,859.21 crore (4,426.26 crore). Its total costs in Q4/FY23 were 4,419.23 crores, up 10.58% from 3,996.12 crores in the previous quarter. Switchgear and cables combined for 601.03 crores and 1,568.15 crores in sales for Havells in the March quarter. Lighting and fixture sales for Havells totaled 415.95 crores in the fourth quarter of FY23. Its total costs in Q4/FY23 were 4,419.23 crores, up 10.58% from 3,996.12 crores in the previous quarter. Switchgear and cables combined for 601.03 crores and 1,568.15 crores in sales for Havells in the March quarter. Lighting and fixture sales for Havells totaled 415.95 crores in the fourth quarter of FY23. Electrical Consumer Durables contributed 749.45 crores to its sales. The 2017 acquisition by Havells of Lloyd Consumer resulted in revenue of 1,271.02 crores.
Havells India Ltd. is a business that investors should pay attention to as they search for long-term growth potential. Impressive financial results for the corporation include revenue growth of 32.45% in FY 2022 over the prior year. Additionally, Havells India Ltd. has regularly been able to raise its profit after tax (PAT), with a growth rate of 14.57% in FY 2022 compared to the prior year.
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HAVELLS INDIA IN RECENT NEWS
- The Board of Directors has recommended a dividend of Rs 1 per share.
- Havells India collaborates with a Swedish tech start up Blixt Tech AB to provide Solid State Circuit Breaker technology to the Indian market.
HAVELLS SHARE PRICE TARGET 2023
|HAVELLS SHARE PRICE TARGET 2023||Maximum Price||Minimum Price|
We can clearly see the HAVELLS share price target for each month of 2023. The maximum and minimum targets are listed for each month. May 2023 has a maximum target of ₹1,004.88 and a minimum target of ₹772.98. In June 2023, the maximum target is the same as April at ₹1,205.85, and the minimum target is slightly lower at ₹927.58. July 2023 has the highest maximum target at ₹1,447.02 and a minimum target of ₹1,113.09. August 2023 has a maximum target of ₹1,591.72 and a minimum target of ₹1,224.40. September 2023 has a maximum target of ₹1,671.31 and a minimum target of ₹1,285.62. October 2023 has a maximum target of ₹1,591.72 and a minimum target of ₹1,224.40, the same as August. Finally, November 2023 has the highest maximum and minimum targets at ₹1,750.89 and ₹1,346.84, respectively. Based on this data, July and November 2023 may be potentially lucrative months for HAVELLS investments, while May 2023 may be a riskier month to invest in HAVELLS shares.
HAVELLS SHARE PRICE TARGET 2024
|HAVELLS SHARE PRICE TARGET 2024||Maximum Price||Minimum Price|
The maximum and minimum targets are listed for each month. In January 2024, the maximum target is ₹2,064.21 and the minimum target is ₹1037.03. February 2024 has a maximum target of ₹2,319.34 and a minimum target of ₹1,932.78. In March 2024, the maximum target is ₹2,441.41 and the minimum target is ₹1,984.89. April 2024 has a maximum target of ₹2,219.46 and a minimum target of ₹1,707.28. May 2024 has a maximum target of ₹1,849.55 and a minimum target of ₹1,422.73. In June 2024, the maximum target is the same as April at ₹2,219.46, and the minimum target is slightly higher at ₹1,707.28. July 2024 has a maximum target of ₹1,886.54 and a minimum target of ₹1,462.44. August 2024 has a maximum target of ₹2,075.20 and a minimum target of ₹1,646.98. September 2024 has a maximum target of ₹2,178.96 and a minimum target of ₹1,676.12. October 2024 has a maximum target of ₹2,563.48 and a minimum target of ₹1,971.91. Finally, November 2024 has a maximum target of ₹2,691.65 and a minimum target of ₹2,070.50. The highest maximum and minimum targets for HAVELLS shares in 2024 are expected in November.
HAVELLS SHARE PRICE TARGET 2025
|HAVELLS SHARE PRICE TARGET 2025||Maximum Price||Minimum Price|
Analyzing the price targets for the year 2025 we can say that the maximum share price target is ₹3,330.32 and the minimum share price target is ₹2,154.15. The data shows that the share prices are expected to increase gradually throughout the year. In January 2025, the share price is expected to be at ₹2,800.40 which will increase to ₹3,330.32 by December 2025. The data also shows that there are a few fluctuations in the share prices during the year. For instance, the share price in May 2025 is lower than that of April 2025 but it increases again in June 2025. This suggests that the stock market is volatile and it is important to keep track of the trends and patterns in order to make informed investment decisions.
HAVELLS SHARE PRICE TARGET 2026 TO 2030
|HAVELLS SHARE PRICE TARGET BY||Maximum Price||Minimum Price|
It is easy for us to tell that the maximum and minimum share price targets for HAVELLS in the year 2026 are ₹2,331.22 and ₹1,631.86 respectively. Moving on to the year 2027, the maximum and minimum share price targets are ₹1,981.54 and ₹1,387.08 respectively. In 2028, the maximum and minimum share price targets are ₹3,566.77 and ₹2,496.74 respectively. The year 2029 has the highest share price targets with a maximum of ₹7,326.70 and a minimum of ₹5,128.69. Finally, in the year 2030, the maximum and minimum share price targets are ₹8,159.28 and ₹5,711.50 respectively. It is important to note that these projections are based on the available data and market conditions may significantly affect the actual share prices.
FINANCIAL STRENGTH OF HAVELLS INDIA LTD (2018 TO 2022)
|QUARTERLY | ANNUAL||FY 2022||FY 2021||FY 2020||FY 2019||FY 2018|
|Total Revenue Growth (%)||32.45||11.42||-6.36||23.45||31.31|
|Total Expenses Growth (%)||35.68||6.45||-4.51||24.62||32.84|
|Profit after Tax (PAT)||1,196.47||1,044.31||735.35||785.98||662.37|
|PAT Growth (%)||14.57||42.02||-6.44||18.66||33.94|
|Operating Profit Margin (%)||11.90||14.44||9.78||11.51||12.53|
|Net Profit Margin (%)||8.58||9.98||7.78||7.80||8.13|
|Basic EPS (₹)||19.11||16.68||11.76||12.56||10.57|
What is HAVELLS’ revenue growth rate in FY 2022?
HAVELLS’ revenue growth rate in FY 2022 is 32.45%.
What is the maximum share price target of HAVELLS in 2029?
The maximum share price target of HAVELLS in 2029 is Rs. 7326.70
What is the maximum share price target of HAVELLS in 2030?
The maximum share price target of HAVELLS in 2030 is Rs. 8159.28
What is the market capitalization of Havells India?
As of May 2023, the market capitalization of Havells India is around INR 79516 Crore
How has Havells India performed financially in the past few years?
Havells India has shown consistent growth in its financial performance in the past few years. Its revenue has grown at a CAGR of over 20% in the last five years, and its profit after tax (PAT) has grown at a CAGR of over 35% in the same period. The company’s revenue and PAT have also grown year-on-year for the past five years.
What are some of the challenges faced by Havells India in recent times?
Havells India, like many other companies, has faced several challenges in recent times, such as supply chain disruptions due to the COVID-19 pandemic and increasing input costs. The company has also faced intense competition from both domestic and international players in its various product categories.
What is Havells India’s strategy for growth?
Havells India’s growth strategy is focused on expanding its product portfolio, strengthening its distribution network, increasing its presence in rural areas, and investing in research and development to develop innovative products. The company has also been expanding its international presence by entering new markets and acquiring companies in strategic locations.
PRICE TARGET BY EXPERTS
ICICI DIRECT PRICE TARGET
ICICI Direct has suggested to buy shares of Havells with a price target of Rs 1225.5
Prabhudas Lilladher PRICE TARGET
Prabhudas Lilladher has told investors to invest in Havells with a price projection of Rs 1447.
Ajit Mishra PRICE TARGET
Ajit Mishra recommends buying Havells with an expected price of Rs 1390.
ICICI SECURITIES PRICE TARGET
ICICI Securities has given a buy rating to Havells with a price target of Rs 1550
IIFL PRICE TARGET
IIFL suggests buying shares of Havells with an expected price of Rs 1450.
CONCLUSION: HAVELLS INDIA SHARE PRICE TARGET
Based on the financial statement of Havells for the last five years, the company has shown consistent growth in terms of revenue and profit. The total revenue of the company has been consistently increasing from FY 2018 to FY 2022 with a growth rate of 31.31% in FY 2018 and 32.45% in FY 2022. The net profit margin has remained stable around 8% over the last five years.
Havells’ profit after tax (PAT) has been growing steadily over the years, indicating that the company has been able to manage its expenses effectively. The PAT growth rate has been positive, with the highest being 42.02% in FY 2021. Basic EPS has also shown a steady growth rate, which is a good indicator of the company’s overall financial health. It has increased to 17.02,whereas Price-to-Book and Price-to-Earning ratio are 12.67 and 71.3 respectively.
The company’s operating profit margin has fluctuated in the last five years, but it has remained consistently above 9%, indicating a healthy operational efficiency. The net profit margin has also been consistent, indicating that the company has been able to maintain a good balance between revenue and expenses.
Considering the consistent growth in revenue, profit, and PAT over the last five years, it can be concluded that Havells shares are good to buy. However, investors should also consider the market trends, industry competition, and other factors before making any investment decisions. It is advisable to conduct thorough research and consult with financial experts before making any investment decisions.