HAVELLS
HAVELLS INDIA LIMITED
Each stock's 10,000-path forecast, rendered as light.
HAVELLS INDIA LIMITED (HAVELLS) Stock Analysis & Case Study
Is HAVELLS a good buy? The data-driven verdict.
HAVELLS INDIA LIMITED (HAVELLS) trades at ₹1,288,on the numbers it worth a closer look, a Downstox Snapshot Score of 63/100.
On the numbers, HAVELLS INDIA LIMITED (HAVELLS) worth a closer look, a Downstox Snapshot Score of 63/100, weighing expensive at 48.5× earnings, ROE of 19.0%, a 65% model probability of trading higher in a year. Below: the full bull case, bear case, sector-relative valuation, and a probability-weighted price target for 2027-2031.
Last updated . Data snapshot for research, not investment advice.
HAVELLS fundamentals at a glance, PE, PB, ROE, ROCE, market cap, dividend yield
How HAVELLS ranks against the 2,373 companies in our screener
- HAVELLS's market cap of 80,830 Cr ranks in the 94th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- HAVELLS's book value of ₹151 ranks in the 64th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- HAVELLS's promoter holding of 59.4% ranks in the 51st percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- HAVELLS's 3-year profit (PAT) growth of 16.0% ranks in the 50th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- HAVELLS's 3-year revenue growth of 10.0% ranks in the 50th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- HAVELLS's debt-to-equity ratio of 0.03x is lower than 90% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
Is HAVELLS overvalued? HAVELLS P/E vs its Consumer
HAVELLS's P/E of 48.5× sits below the Consumer peer median of 53.8×, so on earnings it screens in line with peers, while its 0.78% dividend yield is above the peer median of 0.75%.
HAVELLS share price target 2027, 2028, 2029, 2030, 2031, a probability view
Unlike a single guessed number, this is a probability-weighted range from a 10,000-path Monte-Carlo simulation on 9.8y of HAVELLS history (12%/yr drift, 24%/yr volatility).
| Year | Low (P10) | Median target (P50) | High (P90) | Upside vs today |
|---|---|---|---|---|
| HAVELLS 2027 | ₹1,034 | ₹1,413 | ₹1,930 | +10% |
| HAVELLS 2028 | ₹1,000 | ₹1,549 | ₹2,400 | +20% |
| HAVELLS 2029 | ₹995 | ₹1,699 | ₹2,901 | +32% |
| HAVELLS 2030 | ₹1,000 | ₹1,863 | ₹3,471 | +45% |
| HAVELLS 2031 | ₹1,012 | ₹2,044 | ₹4,126 | +59% |
Median (P50) is the central estimate; the P10-P90 band is the 80% confidence range. Probabilities, not promises.
What is the probability HAVELLS goes up, or doubles?
The bull case for HAVELLS
- HAVELLS's return on equity of 19.0% ranks in the 82nd percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- HAVELLS's return on capital employed of 24.9% ranks in the 88th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- A 10,000-path probability model puts a 65% chance the price is higher in a year, with a median target of ₹1,413 (+10%).
- Relatively low volatility (24%/yr), a steadier ride than the typical mid/small-cap.
- Upside scenario: the model's optimistic (P90) 3-year path reaches ₹2,901.
The bear case & risks
- HAVELLS's P/E of 48.5x is lower than 27% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- A steep 8.5× price-to-book means most of the value is intangible/expectations, not assets on the books.
- Downside scenario: the model's pessimistic (P10) 3-year path falls to ₹995.
HAVELLS volatility & expected range, how bumpy is the ride?
Over the last 9.8 years HAVELLS compounded at 12%/year with annualized volatility of 24%. That volatility implies a 1-year 80% range of ₹1,034-₹1,930, the honest backbone behind any single price target.
HAVELLS price forecast, the full 60-month probability fan
HAVELLS price probability fan
Each band shows where 10,000 simulated paths land. The wider the fan, the more uncertainty.
Probability of key outcomes
What are the odds HAVELLS hits common targets within the simulated horizon?
Full multi-horizon detail on the HAVELLS price target & forecast page.
HAVELLS Piotroski F-Score: 6/8, how financially strong is it?
The Piotroski F-Score grades financial strength on profitability, leverage and efficiency checks. Downstox scores the eight checks it can verify from published filings, so 8 is full marks. HAVELLS scores 6/8, mixed financial health.
HAVELLS MTF margin & leverage across 11 brokers
Margin Trading Facility lets you buy HAVELLS with part of the capital. Lower margin % = higher leverage. Rates compared across 11 brokers (no competitor publishes this):
| Broker | Margin required | Approx. leverage |
|---|---|---|
| Upstox | 23.66% | 4.2× |
| Zerodha | 23.10% | 4.3× |
| Groww | 23.18% | 4.3× |
| Dhan | 22.00% | 4.5× |
| Kotak NeoCHEAPEST | 20.12% | 5.0× |
| Paytm Money | 21.10% | 4.7× |
| Pocketful | 27.35% | 3.7× |
| Fyers | 27.78% | 3.6× |
| Anand Rathi | 27.14% | 3.7× |
| Bajaj Broking | 23.00% | 4.3× |
| Share India | 27.23% | 3.7× |
Compare every broker on the HAVELLS MTF page.
HAVELLS vs peers,Consumer comparison
| Stock | P/E | Div yield | Market cap |
|---|---|---|---|
| HAVELLS (this stock) | 48.5× | 0.78% | ₹80,830 Cr |
| ASIANPAINT | 53.8× | 1.01% | ₹2.62L Cr |
| TITAN | 75.2× | 0.30% | ₹4.39L Cr |
| PAGEIND | 56.3× | 1.38% | ₹44,504 Cr |
| BERGEPAINT | 50.4× | 0.75% | ₹61,862 Cr |
| KALYANKJIL | 42.8× | 0.25% | ₹62,616 Cr |
| BLUESTARCO | 58.8× | 0.56% | ₹31,130 Cr |
Fundamentals from Screener.in, as of 9 Aug 2026
About HAVELLS INDIA LIMITED: sector, index & market-cap context
HAVELLS INDIA LIMITED (HAVELLS) is a mid-cap NSE-listed company in the Consumer sector, and a constituent of the Nifty 500 index, with a market capitalisation of ₹80,830 Cr. See more stocks on our screener.
How the HAVELLS Snapshot Score & forecast are built
The Downstox Snapshot Score is a transparent, rules-based read of HAVELLS INDIA LIMITED's public fundamentals plus a statistical forecast, not an analyst opinion. It rewards low-to-fair valuation, high ROE/ROCE, a strong Piotroski F-Score, a dividend, low volatility and a favourable probability of upside; it penalises rich valuations, weak capital efficiency, a low F-Score and high volatility. The price target is a 10,000-path Monte-Carlo simulation on real historical volatility, a distribution, not a single guess. The bull and bear cases are generated from the same data, so you always see both sides.
This is information, not investment advice. Do your own due diligence and consult a SEBI-registered adviser before investing.
HAVELLS analysis, FAQs
Is HAVELLS INDIA LIMITED (HAVELLS) a good buy?
On the numbers, HAVELLS INDIA LIMITED (HAVELLS) worth a closer look, a Downstox Snapshot Score of 63/100, weighing expensive at 48.5× earnings, ROE of 19.0%, a 65% model probability of trading higher in a year. This is a data snapshot for research, not investment advice.
Is HAVELLS overvalued or undervalued?
HAVELLS trades at 48.5× earnings versus a peer median of 53.8×, so it screens cheaper than its Consumer peers.
What is the HAVELLS share price target for 2031?
HAVELLS's probability-weighted 2031 median target is ₹2,044, with an 80% range of ₹1,012-₹4,126 (10,000-path Monte-Carlo).
What is the probability HAVELLS doubles in 5 years?
The modelled probability of HAVELLS reaching ₹2,576 (2×) within 5 years is 34%.
What is the bull case for HAVELLS?
HAVELLS's return on equity of 19.0% ranks in the 82nd percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026. HAVELLS's return on capital employed of 24.9% ranks in the 88th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026. A 10,000-path probability model puts a 65% chance the price is higher in a year, with a median target of ₹1,413 (+10%).
What are the risks in HAVELLS?
HAVELLS's P/E of 48.5x is lower than 27% of the 2,373 NSE companies in our screener, as of 9 Aug 2026. A steep 8.5× price-to-book means most of the value is intangible/expectations, not assets on the books.