We are here with Havells India Limited for predicting the share price targets for the years 2023 to 2030. Havells India Limited is a leading Indian electrical equipment company, that produces home appliances, like Fans, Cables, Alkaline water purifiers, Switchgear, Lighting and more.
Before predicting its share price target, we’ll cover some basic information. The company was established in 1958 and is headquartered in Noida, Uttar Pradesh. It has a strong track record of growth and profitability over the years. And in the last 10 years, the company delivered huge returns to investors.
It has main five business segments – Switchgear, Lighting, Cable, Electrical consumer durable and Domestic appliances. The official data reported a net revenue of Rs 3669 Cr and a net profit of Rs 187 Cr in Q1 2023, which is about Rs 115 crore less than the previous year.
In FY23, the cable segment generated the highest revenue of around Rs 1359 crore, followed by switchgear at Rs 488 crore, lighting and fixtures at Rs 357 crore, electrical at Rs 277 crore and others at Rs 237 crore.
However, the Cables and Lloyd segment margins were impacted due to the higher cost of inventory. Despite the low margin, it has performed well in long term. And the maximum share price target for Havells India Limited for the coming years i.e. 2025 can be Rs 2150.00 to Rs 2375.00.
Havells Fundamentals – Overview
The company has a strong financial result of growth and profitability in all sectors over the year. In the last five years, the share price of Havells has more than doubled. So, it reflects strong financial performance and strategic initiatives.
| Company Name | Havells India Limited |
| Industry Type | FMEG (Fast Moving Electrical Goods) |
| Country | India |
| Primary Exchange | NSE/BSE |
| Founded | 1958 |
| Volume | 5,20,672.00 |
| Market Cap | 74,755 Cr |
| Revenue | ₹ 4,128 Cr |
| Net Profit | ₹ 284 Cr |
| Profit Margin | 6.86% |
| EPS (TTM) | 17.02 |
| PE Ratio (TTM) | 70.11 |
| Dividend Yield | 0.63 |
| Debt to Equity | 0.03 |
| Dividends Per Share | 3.00 |
| 52 Week Low | 1024.50 |
| 52 Week High | 1405.55 |
| Face Value | 1 |
| Buy / Sell / Hold | Buy |
| Official Website | www.havells.com |
Havells share price history – Last 5 years
| Year | Low (₹) | High (₹) |
|---|---|---|
| 2018 | 487.85 | 725.25 |
| 2019 | 645.20 | 786.50 |
| 2020 | 480.45 | 916.15 |
| 2021 | 980.20 | 1397.00 |
| 2022 | 1098.20 | 1391.50 |
| 2023 | 1193.20 | — |
Shareholding pattern
The shareholding pattern is important to know before investing, as it helps to understand the type of investors. Mostly, we follow the percentage of promoters and qualified investors in the stock. The shareholding pattern is subject to change every year.
| Promoters | 59.45% |
| Mutual funds | 3.98% |
| Foreign institutions | 22.60% |
| Domestic institutions | 5.29% |
| Retail & Others | 8.68% |
Note: Readers are advised that the target share price forecast is based on our research, experience and technical analysis. And it can never be the exact price, it is only the estimated future value that may differ from the actual price. Therefore, you are advised to do your own research and consult with your financial advisor.
Havells share price targets for the years 2023 to 2030
Havells share price target is a prediction at a certain time for the long term. We are forecasting share prices for the years 2023 to 2030. It is based on our research, history, fundamentals and market trends. Havells stock may have a positive trend going forward and is good for the long term.
2023
With the current trends, history, research and technical analysis, Havells share price is likely to increase in the next few years. While it is impossible to predict the exact price, the estimated company share price could be Rs 1,380.20 to Rs 1550.30 by 2023.
2024
In 2024, the minimum share price target will be Rs 1445.50 to Rs 1665.30 based on market trends, history and our research. And at the end of the year, the maximum target price for Havells shares will be Rs 1625.10 to Rs 1785.20.
2025
Based on the market trends, history, research and technical analysis, the share price is likely to increase in the next few years. And the maximum share price of Havells India Limited could be Rs 1,780.60 to Rs 1850.30 by 2025.
2026
In 2026, the lowest share price target will be Rs 1755.40 to Rs 1825.30 based on market trends, history and technical analysis. And at the end of the year, the maximum target price for Havells shares will be Rs 1925.10 to Rs 2035.50.
2027
In 2027, the minimum share price target will be Rs 2045.30 to Rs 2175.20 based on market trends, research and technical analysis. And at the end of the year, the maximum target price for Havells shares will be Rs 2225.20 to Rs 2365.40.
2028
Based on the current trends, history, research and technical analysis, Havells share price is likely to increase in the next few years. But, it is impossible to predict the exact price and the estimated Havells share price could be Rs 2440.30 to Rs 2530.30 by 2028.
2029
In 2029, the lowest share price target will be Rs 2425.40 to Rs 2515.40 based on market trends, history and our research. And at the end of the year, the maximum target price for Havells shares will be Rs 2625.30 to Rs 2785.20.
2030
As per the current trends, history, research and technical analysis, Havells share price is likely to have a positive trend in long term. And the estimated maximum share price may be Rs 2880.60 to Rs 2950.30 by 2030.
Risk Factors
Havells faces competition from both domestic and international players. Furthermore, there are many other factors that may affect the share price such as geopolitical risks, changes in government policy, global economic conditions, etc.
How to buy Havells shares?
To buy the share you need to open a Demat account by entering your personal details. On opening your account, add money to trade as a retail investor. The steps given below are as follows:
- Visit the popular stock broker portal like UpStock, Angel One, Groww, SBI Securities, etc.
- Enter your details and upload.
- On opening a Demat account, you have to add money to your Demat account.
- To buy Havells shares, enter the name on the search bar, and you will find the ticker symbol of Havells, add it.
- Select the number of shares and proceed.
- Finally, pay and confirm your order, that’s all.
Similar stocks
The following stocks are similar in 2023 as Havells India Limited:
- Polycab India
- Finolex Cables
- KEI Industries
FAQs
A: The maximum share price target for Havells could be Rs 1,780.60 to Rs 1850.30 by 2025.
A: Havells stock has a strong financial result for growth and future prospects. And if you want to invest for the long term then it will be good for returns.
A: The maximum share price target for Havells could be Rs 2440.30 to Rs 2530.30 by 2028.
A: Currently, Havells has an EPS of Rs 17.02, a PE ratio of Rs 70.11 and a Dividend Yield of Rs 0.63.
Disclaimer: All the share/stock price predictions/targets/forecasts on our website (bankshala.com) are for general information only. We are not SEBI-registered financial advisors and no part of the website content provided by us should be considered financial advice, legal advice or any other kind of advice for your investments. Before investing in any company you should do your own research and analyze it properly. Trading is an uncertain business, please consult your financial advisor before taking any decision.
