Havells India Monthly Outlook (March 2026) | Price, Target Price & Growth

Havells India

NSEI:HAVELLS

Rp 1.268,40

Rp0,00 (0,00%)

1.268,40 Rp

Rp0,00 (0,00%)

End-of-day quote: 03/27/2026

Havells India Stock Value

Currently, analysts rate NSEI:HAVELLS as Outperform.

Outperform

Havells India Company Info

EPS Growth 5Y

15,18%

Market Cap

Rp795,61 B

Long-Term Debt

Rp2,73 B

Annual earnings

04/24/2026

Dividend

Rp10,02

Dividend Yield

0,79%

Founded

1958

Industry

Industrials

Country

India

Website

Havells India

ISIN Number

INE176B01034

Website

http://www.havells.com

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Rp1.645,00

29.69%

Last Update: 03/26/2026

Analysts: 36

Highest Price Target Rp1.800,00

Average Price Target Rp1.645,00

Lowest Price Target Rp1.350,00

In the last five quarters, Havells India’s Price Target has fallen from Rp1.942,78 to Rp1.678,76 - a -13,59% decrease. Nineteen analysts predict that Havells India’s share price will increase in the coming year, reaching Rp1.645,00. This would represent an increase of 29,69%.

Top growth stocks in the industrials sector (5Y.)

What does Havells India do?

Havells India Limited engages in manufacturing of electrical equipment, wellness and consumer goods, specializing in lighting, wiring accessories, and other consumer durables. The company has grown significantly over the years, evolving into a prominent brand in the consumer electrical space, renowned for its innovative products and commitment to quality. Havells operates its manufacturing plants in various locations across India and maintains a strong presence in international markets. The company focuses on sustainability and ethical business practices, ensuring that its operations and products align with the evolving expectations of consumers regarding safety, environmental impact, and corporate responsibility.

Business Segments

The company operates across multiple business segments that serve a diverse range of customers worldwide. The primary segments include:

Electrical Equipment: This segment encompasses a wide range of products including circuit protection devices, power conditioning, and electrical distribution products. The company has established itself as a reputable supplier in this domain, with a focus on delivering advanced technology solutions that enhance electrical safety and reliability.

Lighting and Fixtures: The company provides a comprehensive array of lighting solutions, offering both indoor and outdoor lighting products that cater to residential, commercial, and industrial needs. Innovations in LED technology have allowed the company to lead the market with energy-efficient solutions that not only reduce energy consumption but also provide superior illumination.

Wiring Accessories: This segment includes a variety of wiring solutions, such as cables, switches, and sockets that are essential for both residential and commercial electrical fittings. The company emphasizes product reliability and safety, ensuring that each accessory complies with local and international standards of quality.

Consumer Appliances: In recent years, the company has expanded its product portfolio to include consumer appliances, which consist of items such as water heaters, kitchen appliances, and air treatment solutions. This diversification strategy enhances the company’s market presence and responds to changing consumer preferences for convenience and efficiency in home appliances.

HVAC Solutions: Recognizing the growing demand for climate control products, The company has invested in the HVAC sector by offering solutions in heating, ventilation, and air conditioning. This segment targets both residential and commercial markets, providing effective solutions that improve air quality and thermal comfort.

Industrial Products: The company also supplies a range of products tailored for industrial applications, such as motors, transformers, and drives. This segment caters specifically to the requirements of various industries, ensuring that businesses have access to reliable equipment for their operational needs.

Business Strategy

The company has developed a comprehensive business strategy that focuses on innovation, brand strength, and sustainability. The company prioritizes research and development to create groundbreaking products that not only meet but exceed consumer expectations. A commitment to sustainability is pivotal to the company's strategy as it seeks to lead in energy-efficient and eco-friendly solutions, aligning with global trends towards environmental responsibility.

By leveraging technology and digital platforms, The company enhances operational efficiencies and engages with customers more effectively. The company's emphasis on building strong relationships with customers through exceptional service and support is evident in its strong brand loyalty. The company aims to expand its market penetration further and explore new sectors domestically and internationally.

Products and Services

The company has an extensive range of products and services designed to cater to the various needs of its customers. The company’s product offerings are numerous, including but not limited to:

Electrical Products: This includes circuit breakers, surge protective devices, and modular switches that guarantee electrical safety across various environments.

Lighting Solutions: The company offers a diverse selection of LED lighting products, ceiling lights, downlights, flood lights, and outdoor lighting fixtures that are designed for both aesthetic appeal and energy efficiency.

Wiring Solutions: A complete range of cables and wires is provided for various applications, ensuring compliance with safety standards while meeting technical specifications required by both industry and consumers.

Consumer Durables: The company manufactures household appliances like water heaters, air purifiers, and kitchen appliances that promise reliability and energy efficiency.

HVAC Units: Offering air conditioning solutions tailored for residential and commercial purposes, these products reflect the latest innovations in climate control technology.

Industrial Equipment: The company produces robust solutions for industrial needs, including heavy-duty motors, transformers, and automation products that enhance productivity and safety.

Geographical Markets

The company operates both domestically and internationally, serving markets across multiple countries. It has established a significant presence in Europe, the Middle East, Asia, and Africa, with exports accounting for a portion of its overall revenue. The company’s strategic approach involves expanding its footprint in emerging markets where there is growing demand for electrical products and appliances.

In terms of acquisitions, the company has actively pursued opportunities to enhance its capabilities and market reach. Its acquisition of specific subsidiaries has allowed the company to diversify its product offerings and access new customer segments. These strategic decisions align with the company's overall goal of becoming a leading player in the electrical equipment sector globally.

Seasonality

The company experiences a degree of seasonality, which is largely influenced by consumer behavior and market demand patterns. Certain product categories, such as air conditioning and cooling appliances, see heightened demand during the summer months, while lighting solutions often experience increased sales during festive seasons. The company strategically plans its production and inventory management to accommodate these fluctuations, ensuring that products are available to meet peak demand when necessary.

Customers

The company serves a diverse array of customers, including individual consumers, businesses, and government projects. The company caters to a large customer base consisting of millions of households across India and numerous international clients. Its customer segmentation includes residential customers, commercial establishments, and industries requiring various electrical solutions.

The company' customer-centric approach focuses on understanding and addressing customer needs, striving to build long-term relationships grounded in trust and reliability.

Sales and Marketing

The company employs a multifaceted marketing and distribution strategy to reach its varied customer base effectively. The company utilizes direct sales, online marketplaces, and partnerships with retailers and distributors to ensure a wide-reaching presence in both urban and rural markets.

Advertising campaigns across television, print, and digital platforms contribute to brand awareness and customer engagement. The company places significant emphasis on building relationships with retailers to enhance product visibility and accessibility, ensuring that consumers can easily find and purchase The company products.

Digital marketing strategies, including social media campaigns and influencer collaborations, further enhance the brand's outreach, capturing the attention of tech-savvy consumers and driving sales.

History

Havells India Limited was founded in 1958. The company was incorporated in 1983.

Havells India Questions and Answers

Which sectors generate sales and which are the top 3 markets?

**Revenue distribution by sectors:** - **Electrical products:** 40% - **Lighting solutions:** 25% - **Cables and wires:** 20% - **Consumer electronics:** 15% **TOP 3 markets and their percentage shares:** - **India:** 70% - **Middle East:** 15% - **Southeast Asia:** 10% Havells I...

At which locations are the company’s products manufactured?

**Production sites of Havells India Limited:** 1. **Haridwar, Uttarakhand** 2. **Baddi, Himachal Pradesh** 3. **Neemrana, Rajasthan** 4. **Faridabad, Haryana** 5. **Alwar, Rajasthan** 6. **Ghiloth, Rajasthan** Havells India Limited operates multiple production facilities in India, strategically lo...

What strategy does Havells India pursue for future growth?

**Revenue Growth:** Estimated 10-12% annually (2025) Havells India Limited is pursuing a multi-pronged growth strategy based on innovation, expansion, and digitalization. The company is heavily investing in research and development to introduce new and energy-efficient products to the market that a...

Which raw materials are imported and from which countries?

**Main Imported Raw Materials:** - Copper - Aluminum - Plastic Granules **Main Importing Countries:** - Chile (Copper) - Australia (Aluminum) - Saudi Arabia (Plastic Granules) Havells India Limited imports essential raw materials such as copper and aluminum, which are needed for the manufacturing...

How strong is the company’s competitive advantage?

**Market share in the electrical industry:** 20% (estimated, 2025) **Revenue growth:** 10% (estimated, 2025) **EBITDA margin:** 14% (2024) Havells India Limited has a significant competitive advantage in the electrical industry, especially in the area of electrical consumer goods. The company b...

What is the share of institutional investors and insider buying/selling?

**Institutional Investor Share:** approximately 30% (2025, estimated) **Insider Purchases/Sales:** No significant transactions in the last year (2024) The institutional investor share in Havells India Limited is around 30%, indicating a stable trust of institutional investors in the company's...

What percentage market share does Havells India have?

**Market share of Havells India Limited:** Estimated 15% (2025) **Top competitors and their market shares:** 1. **Schneider Electric:** Estimated 18% (2025) 2. **Legrand:** Estimated 12% (2025) 3. **Siemens:** Estimated 10% (2025) 4. **ABB:** Estimated 8% (2025) 5. **Bajaj Electricals:** Estimated...

Is Havells India stock currently a good investment?

**Revenue Growth:** 10.5% (2024) **EBITDA Margin:** 14.8% (2024) **Net Income Growth:** 9.2% (2024) Havells India Limited recorded solid revenue growth of 10.5% in 2024, attributed to strong demand for their products and successful expansion into new markets. The EBITDA margin of 14.8% demonstrates...

Does Havells India pay a dividend – and how reliable is the payout?

**Dividend Yield:** 1.2% (2025, estimated) **Dividend History:** Continuous payout over the last five years Havells India Limited is known for its reliable dividend policy. The company has consistently paid dividends in recent years, indicating a stable financial performance and a solid cash flow...

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Havells India Stock Value

Havells India Company Info

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the industrials sector (5Y.)

What does Havells India do?

Havells India Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

New support ticket

Explore

Havells India Stock Value

Havells India Company Info

Analyst Price Target The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the industrials sector (5Y.)

What does Havells India do?

Havells India Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.