Havells India is a prominent figure in the Indian electrical and energy distribution industry. With a well-established track record of offering high-quality products and services, the company has been steadily growing and has now earned a reputation as one of the leading names in the field.
With its strong market presence and reputation, investors are always curious about Havells India’s share price target and whether it is a good auto stock to buy.
In this article, we will take a closer look at Havells India’s share price target for the years 2023 to 2030 and discuss whether it is a good investment option for investors.
Despite the overall market trend, Havells India shares have seen a marginal rise of 0.1% as the Sensex increases.
About the Company
Havells India Ltd is an Indian electrical equipment company based in Delhi. It is a leading manufacturer of switchgear, cables, lighting, and other electrical and power distribution equipment. Founded in 1958, it has since grown to become a leading player in India’s switchgear, cables, lighting, and other electrical equipment industry.
Havells is a leader in the Indian electrical equipment market, producing switchgear, cables, lighting, and other electrical and power distribution equipment. The company was founded in 1958 and has since grown to become one of the largest and most successful companies in the market. It has a wide range of products, from circuit breakers and wiring systems to domestic and commercial lighting and fans. The company is committed to providing quality products and services that meet and exceed customer expectations. Havells India Ltd is constantly innovating and developing new products and services to meet the needs of its customers. The company also has a strong focus on sustainability and environmental responsibility.
It is one of the fastest-growing companies in the electrical and power distribution industry and is committed to providing innovative and sustainable solutions to its customers.
Stock Price History of Havells India Ltd.
Initially, Havells India was a small-scale enterprise producing electric iron boxes. Over the years, it has evolved into a large-scale business, with a presence in more than 50 countries and a turnover of over $1 billion.
In the mid-2000s, Havells India went through a significant period of growth, with the company launching a number of products such as fans, lighting, switches and sockets, and other home appliances. In 2006, Havells acquired the lighting division of Sylvania, a Spanish lighting manufacturer, which further expanded the company’s product range.
In 2012, Havells India had an Initial Public Offering (IPO) on the National Stock Exchange of India. The IPO was oversubscribed by more than seven times, and the company’s share price rose significantly on the day of listing. Since then, the stock has generally been on an upward trend.
Currently, its stock is trading at around ₹1,235.00 INR.
Latest news about Havells India Ltd.
How to buy Havells India shares? [Online / Offline]
If you want to purchase shares of Havells India, you need to first open a demat and trading account with a stockbroker. This can be done either through the web or in person. Once the account has been established, funds must be transferred to the broker’s account and a purchase order must be placed for the desired number of shares. Once the transaction is completed, the shares will be credited to the investor’s demat account.
You can also buy shares from the following trading platforms:
Share Price Prediction of Havells India Ltd: 2023 to 2030
Share Price Target 2023 of Havells India is ₹1,615.97
|When||Maximum Price||Minimum Price|
The table above represents the predicted share price of Havells India for the year 2023. It can be observed that the share price of Havells India is expected to show growth in the range of 10% to 25% during the year 2023.
The maximum price for February 2023 is predicted to be ₹1,254.47 while the minimum price is estimated to be ₹1,026.51. This shows a bullish trend in the share price of Havells India during the first half of 2023.
Similarly, the share price of Havells India is expected to reach its highest point in November 2023 with a maximum price of ₹1,442.83 and its lowest in June 2023 with a minimum price of ₹764.37.
The overall trend of Havells India’s share price in 2023 is expected to be upward or in an uptrend.
Share Price Target 2024 of Havells India is ₹2,262.43
|When||Maximum Price||Minimum Price|
From the table, it can be seen that the share price of Havells India is expected to grow significantly in the range of 35% to 60% in 2024. The maximum price for the year 2024 is estimated to be ₹2,262.43 while the minimum price is predicted to be ₹1,172.41.
This indicates a bullish trend in the share price of Havells India throughout the year 2024. The share price is expected to reach its peak in October 2024 with a maximum price of ₹2,112.45 and its lowest in May 2024 with a minimum price of ₹1,172.41.
In conclusion, the overall trend of Havells India’s share price in 2024 is expected to be upward with a significant growth percentage.
Share Price Target 2025 of Havells India is ₹2,744.36
|When||Maximum Price||Minimum Price|
It is evident from the data that the share price of Havells India is expected to continue its upward trend in 2025 with a growth percentage of 25% to 50%.
The maximum share price for 2025 is estimated to be ₹2,744.36, while the minimum share price is predicted to be ₹1,592.53. This portrays a bullish outlook for Havells India’s share price in 2025.
The share price is expected to reach its highest point in November 2025 at ₹2,690.55 and its lowest in May 2025 at ₹1,592.53.
Havells India Share Price Prediction 2026-2030
|Year||Maximum Price||Minimum Price|
According to the given data, the share price of Havells India is expected to experience a growth trend from 2026 to 2030.
In 2026, the maximum price is estimated to reach ₹1,921.05 while the minimum price is predicted to be ₹1,344.74.
The following year in 2027, the maximum price is expected to be ₹1,632.90 and the minimum price is forecasted to be ₹1,143.03.
In 2028, the maximum price is estimated to reach ₹2,939.21 and the minimum price is predicted to be ₹2,057.45.
The trend continues to escalate in 2029 and 2030 with the maximum price forecasted to reach ₹6,037.60 and ₹6,723.69 respectively, while the minimum price is expected to be ₹4,226.32 and ₹4,706.58 respectively.
Overall, the share price of Havells India is expected to experience significant growth in the next decade.
Financial Condition of Havells India: Last 5 years
|Narration||Mar-18||Mar-19||Mar-20||Mar-21||Mar-22||Trailing||Best Case||Worst Case|
|Profit before tax||964.80||1,147.01||904.11||1,437.55||1,606.56||1,434.62||2,100.71||1,131.66|
|Price to earning||46.04||61.35||40.89||62.97||60.33||69.37||69.37||45.87|
Havells India’s financial performance over the last five years has shown steady growth, with revenue increasing from ₹8,116.21 crore in March 2018 to ₹13,938.48 crore in March 2022. This represents a growth of 72.33% in revenue over the five-year period.
The company’s operating profit has also grown from ₹1,032.90 crore in March 2018 to ₹1,775.36 crore in March 2022, representing a growth of 72.20%.
The profit after tax (PAT) has also shown significant growth, increasing from ₹662.37 crore in March 2018 to ₹1,196.47 crore in March 2022, a growth of 80.54%.
The company’s earnings per share (EPS) have also increased, from ₹10.60 in March 2018 to ₹19.10 in March 2022, a growth of 80.19%.
The company’s price to earnings (P/E) ratio has also shown an upward trend, increasing from 46.04 in March 2018 to 60.33 in March 2022.
In terms of dividend payout, the company has consistently paid out dividends, with a minimum payout of 3.77% in March 2018 to a maximum of 39.26% in March 2022.
Overall, the company’s profit and loss statement shows a positive trend, with a percentage growth in both revenue and profit over the five-year period.
Will the share price of Havells India increase in 2023?
Yes, the per share price of Havells India will grow and reach ₹1,615.97 by the December of 2023. This prediction is based on various market analyses and projections.
What is the anticipated value of Havells India stock in 2030?
The share price of Havells India might reach around ₹6,723.69 by the end of 2030. This prediction is based on various market analyses and projections.
Is Havells a debt-free company?
The company has a virtually zero debt balance. With an Interest coverage ratio of 25.03, the company’s financial health is strong. The company boasts an efficient Cash Conversion Cycle of 10.33 days.
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In conclusion, Havells India has seen significant growth in its income, profit after tax (PAT), and revenue over the past five years, which is a positive indicator for the company’s future performance.
With its share price target ranging from a minimum of ₹1,143.03 to a maximum of ₹6,723.69 by 2030, it is clear that the company has potential for growth in the coming years.
The consistent increase in PAT and revenue growth, coupled with the stability of its operating margins, suggests that Havells India is a good stock to buy for long-term investors.
Based on these factors, it can be concluded that Havells India is a promising investment opportunity for those looking to diversify their portfolio with a reliable, growing company.