Investors are looking for promising stocks to invest in as the global economy slowly recovers. Due to its consistent expansion over the past few years, Havells India Ltd., a major leader in the electrical equipment sector, has caught the attention of numerous investors. Over the past ten years, the company’s share price has experienced an outstanding increase, and many experts believe the trend will continue in the years to come. Havells India may be a nice company to buy due to its solid financial performance, expansion goals, and cutting-edge products.
To determine the company’s share price target from 2024 to 2030, we will examine the company’s historical performance, current financial situation, and potential in the future.
Havells India Q3 Highlight
- Q3 FY24 Results:
- Net Profit: ₹287.91 Crore (1.54% YoY increase)
- Revenue: ₹4,413.86 Crore (6.93% YoY increase)
- Segment-wise Growth: Cables (11.36%), Switchgears (1.21%), Lighting (2.44%), ECD (2.75%)
- Business Insights:
- Subdued consumer demand, gradual recovery
- Robust infrastructure-led demand
- Increased advertising and sales promotion spends
- Market Performance (as of Jan 25, 2024):
- -8.18% return (last week), 0.7% (last 6 months), -4.01% (YTD)
- Financials:
- Total Expenses: ₹4,079.02 Crore (7.74% increase)
- Total Income: ₹4,469.75 Crore (7.26% increase)
Below are the trading platforms that you can use to purchase Havells India shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| April 2024 | 1,521.30 | 1,322.87 |
| May 2024 | 1,498.82 | 1,303.32 |
| June 2024 | 1,552.78 | 1,350.24 |
| July 2024 | 1,537.25 | 1,336.74 |
| August 2024 | 1,598.74 | 1,390.21 |
| September 2024 | 1,662.69 | 1,445.81 |
| October 2024 | 1,630.09 | 1,417.47 |
| November 2024 | 1,695.29 | 1,474.16 |
| December 2024 | 1,712.24 | 1,488.91 |
In April 2024, the maximum price of Havells India is expected to reach 1,521.30, while the minimum is anticipated to be around 1,322.87. As the year progresses, May may see fluctuations with a maximum projected at 1,498.82 and a minimum of 1,303.32. By December 2024, the price is expected to peak at 1,712.24 and bottom out at 1,488.91, showcasing potential market dynamics throughout the year.
| When | Maximum Price | Minimum Price |
| January 2025 | 1,883.47 | 1,448.82 |
| February 2025 | 1,902.49 | 1,463.45 |
| March 2025 | 1,942.44 | 1,494.19 |
| April 2025 | 1,923.21 | 1,479.39 |
| May 2025 | 1,867.19 | 1,436.30 |
| June 2025 | 1,951.22 | 1,500.94 |
| July 2025 | 1,912.96 | 1,471.51 |
| August 2025 | 1,972.12 | 1,517.02 |
| September 2025 | 1,995.79 | 1,535.22 |
| October 2025 | 2,047.68 | 1,575.14 |
| November 2025 | 2,098.87 | 1,614.52 |
| December 2025 | 2,193.32 | 1,687.17 |
In January 2025, the maximum price of Havells India is expected to reach 1,883.47, while the minimum is anticipated to be around 1,448.82. As the year progresses, February may see fluctuations with a maximum projected at 1,902.49 and a minimum of 1,463.45. By December 2025, the price is expected to peak at 2,193.32 and bottom out at 1,687.17.
| When | Maximum Price | Minimum Price |
| January 2026 | 2,259.12 | 1,737.78 |
| February 2026 | 2,317.05 | 1,782.34 |
| March 2026 | 2,407.41 | 1,851.85 |
| April 2026 | 2,360.21 | 1,815.54 |
| May 2026 | 2,291.46 | 1,762.66 |
| June 2026 | 2,394.58 | 1,841.98 |
| July 2026 | 2,347.63 | 1,805.87 |
| August 2026 | 2,420.23 | 1,861.72 |
| September 2026 | 2,504.94 | 1,926.88 |
| October 2026 | 2,570.07 | 1,976.98 |
| November 2026 | 2,634.32 | 2,026.40 |
| December 2026 | 2,700.18 | 2,077.06 |
| When | Maximum Price | Minimum Price |
| January 2027 | 2,754.18 | 2,118.60 |
| February 2027 | 2,824.80 | 2,172.93 |
| March 2027 | 2,934.97 | 2,257.67 |
| April 2027 | 2,877.42 | 2,213.40 |
| May 2027 | 2,793.61 | 2,148.93 |
| June 2027 | 2,919.33 | 2,245.64 |
| July 2027 | 2,862.08 | 2,201.60 |
| August 2027 | 2,950.60 | 2,269.69 |
| September 2027 | 3,053.87 | 2,349.13 |
| October 2027 | 3,133.27 | 2,410.21 |
| November 2027 | 3,211.61 | 2,470.47 |
| December 2027 | 3,291.90 | 2,532.23 |
| When | Maximum Price | Minimum Price |
| January 2028 | 3,357.73 | 2,582.87 |
| February 2028 | 3,443.83 | 2,649.10 |
| March 2028 | 3,578.14 | 2,752.41 |
| April 2028 | 3,507.98 | 2,698.45 |
| May 2028 | 3,405.81 | 2,619.85 |
| June 2028 | 3,559.07 | 2,737.74 |
| July 2028 | 3,489.28 | 2,684.06 |
| August 2028 | 3,597.20 | 2,767.07 |
| September 2028 | 3,723.10 | 2,863.92 |
| October 2028 | 3,819.90 | 2,938.38 |
| November 2028 | 3,915.40 | 3,011.84 |
| December 2028 | 4,013.28 | 3,087.14 |
| When | Maximum Price | Minimum Price |
| January 2029 | 4,093.55 | 3,148.88 |
| February 2029 | 4,198.51 | 3,229.62 |
| March 2029 | 4,362.25 | 3,355.58 |
| April 2029 | 4,276.72 | 3,289.78 |
| May 2029 | 4,152.15 | 3,193.96 |
| June 2029 | 4,339.00 | 3,337.69 |
| July 2029 | 4,253.92 | 3,272.25 |
| August 2029 | 4,385.49 | 3,373.45 |
| September 2029 | 4,538.98 | 3,491.52 |
| October 2029 | 4,656.99 | 3,582.30 |
| November 2029 | 4,773.42 | 3,671.86 |
| December 2029 | 4,892.75 | 3,763.66 |
| When | Maximum Price | Minimum Price |
| January 2030 | 4,990.61 | 3,838.93 |
| February 2030 | 5,118.57 | 3,937.36 |
| March 2030 | 5,318.20 | 4,090.92 |
| April 2030 | 5,213.92 | 4,010.71 |
| May 2030 | 5,062.06 | 3,893.89 |
| June 2030 | 5,289.85 | 4,069.11 |
| July 2030 | 5,186.13 | 3,989.33 |
| August 2030 | 5,346.52 | 4,112.71 |
| September 2030 | 5,533.65 | 4,256.65 |
| October 2030 | 5,677.52 | 4,367.33 |
| November 2030 | 5,819.46 | 4,476.51 |
| December 2030 | 5,964.95 | 4,588.42 |
In January 2030, the maximum price of Havells India is expected to reach 4,990.61, while the minimum is anticipated to be around 3,838.93. As the year progresses, February may see fluctuations with a maximum projected at 5,118.57 and a minimum of 3,937.36. By December 2030, the price is expected to peak at 5,964.95 and bottom out at 4,588.42, showcasing potential market dynamics throughout the year.
Financial Condition of Havells India: Last 5 years
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Sales | 10,073 | 9,440 | 10,457 | 13,938 | 16,911 |
| Expenses | 8,885 | 8,374 | 8,868 | 12,163 | 15,290 |
| Op Profit | 1,189 | 1,067 | 1,589 | 1,775 | 1,621 |
| OPM % | 12% | 11% | 15% | 13% | 10% |
| Other Inc | 124 | 107 | 187 | 159 | 178 |
| Interest | 16 | 51 | 90 | 67 | 55 |
| Deprec. | 149 | 218 | 249 | 261 | 296 |
| PBT | 1,147 | 904 | 1,438 | 1,607 | 1,447 |
| Tax % | 31% | 19% | 27% | 26% | 26% |
| Net Profit | 788 | 735 | 1,044 | 1,196 | 1,072 |
| EPS (Rs) | 12.59 | 11.75 | 16.68 | 19.10 | 17.11 |
| Div Payout % | 36% | 34% | 39% | 39% | 44% |
Over the last five years, Havells India has displayed robust financial performance. The company’s sales witnessed substantial growth, reaching ₹16,911 crores in 2023, showcasing a compounded sales growth of 16% over this period. Operating profit margins remained healthy, fluctuating between 10% and 15%, while net profit consistently increased, standing at ₹1,072 crores in 2023.
The company’s EPS rose from ₹12.59 to ₹17.11 during this period. Havells India also demonstrated a disciplined approach to dividend payouts, with the percentage increasing from 36% in 2019 to 44% in 2023. The compounded sales, profit, and stock price growth over various time frames further affirm the company’s steady financial trajectory.
Additionally, Havells has maintained a robust return on equity, reflecting its efficient use of shareholder funds for sustainable growth.
FAQS
As of April 10, 2024, the share price of Havells India stands at ₹1,513.
The Share Price Prediction of Havells India is projected to reach ₹2,193.32 by the end of 2025.
The Maximum share Price Prediction of Havells India is expected to reach ₹5,964.95 by the end of 2030.
The share price target for Havells India for 2024 to 2030 varies among analysts and experts, with some predicting a potential target of ₹2,000 by 2025.
Factors such as the company’s financial performance, market trends, industry competition, and economic conditions will impact the share price of Havells India.
What is the historical performance of Havells India?
Havells India has shown steady growth in revenue and profit over the past five years, with a compound annual growth rate (CAGR) of 11.2% and 11.4%, respectively.
What is the dividend history of Havells India?
Havells India has a consistent dividend payout history, with a dividend payout ratio of around 35% in the past five years.
What is the opinion of experts on investing in Havells India?
The opinion of experts on investing in Havells India is mixed, with some recommending a buy rating based on the company’s growth prospects, while others suggest caution due to industry competition and economic volatility.
What are the risks associated with investing in Havells India?
Risks associated with investing in Havells India include industry competition, economic volatility, changes in government policies and regulations, and currency fluctuations.
What is the outlook for the electrical equipment industry in India?
The electrical equipment industry in India is expected to grow at a CAGR of around 8% over the next few years, driven by government initiatives to boost infrastructure development and the increasing demand for consumer and industrial goods.
Is Havells India a good investment for long-term growth?
Havells India has shown consistent growth in revenue and profit over the past few years, and its dividend payout history is stable. However, investors should consider the risks associated with the industry and economic conditions before investing for long-term growth.
ALSO READ:
- NTPC LTD SHARE PRICE TARGET 2024 to 2030
- GAIL INDIA LTD SHARE PRICE TARGET
- DLF LTD SHARE PRICE TARGET 2024to 2030: CAN DLF REACH 1000INR BY 2025?
Conclusion
In conclusion, during the past five years, Havells India has consistently increased its income, PAT, revenue, and profit.
From 2019 to 2023, the company’s revenue increased at a CAGR of 16%. Over the previous five years, the operating profit margin of the company has remained consistent, ranging between 10 and 12%. These positive financial indicators suggest that Havells India shares are an average investment.
Looking ahead, experts project that the company’s share price goal might increase by almost 600% from its current levels by 2030, to as much as Rs.8,255.03. Investors seeking a long-term investment opportunity in a business with a strong track record of financial performance.
What did we learn?
- 1 Havells India Q3 Highlight
- 2 How to purchase Havells India shares?
- 3 Havells India Share Price Target: 2024 to 2030
- 4 Financial Condition of Havells India: Last 5 years
- 5 FAQS
- 5.1 What is the current share price of Havells India?
- 5.2 What is the share price Prediction of Havells India for 2025?
- 5.3 What is the Maximum share price Prediction of Havells India for 2030?
- 5.4 What is the share price target for Havells India for 2024 to 2030?
- 5.5 What factors will impact the share price of Havells India?
- 5.6 What is the historical performance of Havells India?
- 5.7 What is the dividend history of Havells India?
- 5.8 What is the opinion of experts on investing in Havells India?
- 5.9 What are the risks associated with investing in Havells India?
- 5.10 What is the outlook for the electrical equipment industry in India?
- 5.11 Is Havells India a good investment for long-term growth?
- 6 Conclusion
Twitter
Linkedin
