Havells India Limited
Financial trend (72/100) does the heavy lifting; valuation (9/100) is the drag.
ExpensiveOvervaluedHavells India Limited earns a Hold from StocksWizard, with a blended score of 45/100. We put fair value near ₹639.46; at ₹1,260.7 that leaves roughly 49% downside, so the stock screens overvalued by 49%. On 44.1x trailing earnings it sits pricier than the Industrials median of about 29.0x. The price is about 21% below its 52-week high of ₹1,601.89 and 12% above the low of ₹1,129. Financial health scores 100/100, in the safe band on the Altman Z-score, with a Piotroski F-score of 4/9. The average analyst target of ₹1,460.19 implies about 16% upside across 36 analysts. It clears 6 of 13 investability checks, with durability 65, valuation 18 and momentum 47 on our 0–100 scales.
Analysis by Ankit Sharma · StocksWizard's own estimates from end-of-day public data — see how we calculate them. For information only, not investment advice.
With a 20% margin of safety, our buy-below price is ₹511.56.
Analyst views
1-year price
EOD · 2026-07-3152-week range
-21.30% from the 52-week high.
Price above both moving averages reads as an intact uptrend; below both, the trend is against you.
Verdict pillars
Hold45Piotroski F-score 4/9 — quality of earnings & balance sheet.
Our scores
Durability rewards strong, low-debt, profitable businesses; Valuation rewards stocks cheap vs their sector; Momentum rewards strong price trends.
Investability checklist
- Pass: ROE above 15%: 19.0%
- Pass: Low debt (D/E < 0.5): 0.03x
- Fail: Positive free cash flow
- Fail: Revenue growth > 10%: 3%
- Pass: Earnings growing: 40%
- Fail: Net margin ≥ 10%: 7.5%
- Pass: Current ratio > 1.5: 1.71
- Fail: Below our fair value
- Fail: Margin of safety ≥ 20%
- Fail: Above 200-day average
- Pass: Above 50-day average
- No data: Positive 1-year return
- Pass: Altman Z in safe zone: Z 11.05
- Fail: Piotroski ≥ 7: 4/9
Quarterly results
Annual financials
Shareholding
- Promoter63.5%
- Institutions24.7%
- Public & other11.8%
Promoter holding via insider stake; institutional via reported holdings.
Key fundamentals
Bull case vs bear case
Bull case
Strengths
- Strong return on equity (19.0%).
- Lightly leveraged balance sheet.
- Financially solid — Altman Z 11.05.
Opportunities
- Earnings growing (40% YoY).
Bear case
Weaknesses
- Price below its 200-day moving average (downtrend).
Threats
- Rich valuation versus sector peers.
- Trades ~49% above our estimated fair value.
About Havells India Limited
Havells India Limited manufactures and sells electrical and electronic consumer products in India and internationally through six segments: Switchgears, Cables, Lighting and Fixtures, Electrical Consumer Durables, Lloyd Consumer, and Others. The company's product range includes switches, switchgears such as circuit breakers and distribution boards, energy savers, and surge protection equipment.
Havells India Limited — frequently asked questions
Is Havells India Limited a buy, hold or sell?
StocksWizard currently rates Havells India Limited (HAVELLS) a Hold, based on a blended score of 45/100 across valuation, quality, momentum and price trend. This is our own model-based view, not investment advice.
What is Havells India Limited's fair value?
Our blended DCF and relative-valuation model estimates Havells India Limited's fair value at about ₹639.46, versus a current price of ₹1,260.7 — roughly 49% downside. On that basis the stock looks overvalued by 49%.
Is Havells India Limited financially healthy?
Havells India Limited scores 100/100 on our financial-health model, placing it in the safe band on the Altman Z-score, with a Piotroski F-score of 4/9.
How has Havells India Limited's share price performed?
Havells India Limited is up 2% over three months, and last traded at ₹1,260.7. Past performance doesn't predict future returns.
More in Industrials
View allOur verdict, fair value, financial-health and checklist are StocksWizard's own estimates, computed from public end-of-day data using standard models (DCF, relative valuation, Altman Z, Piotroski). For information only — not investment advice or a recommendation. Verify independently before investing.