Havells India Ltd- Stock Analysis & Study- Upcoming Result, Divided

Self Study Last updated : 20 July 2026


Result Q1-2027

Date: 17 July 2026


⚠️ Disclaimer

This study is intended only for educational and analytical purposes. It reflects personal research, interpretation, and historical trend analysis. It is not investment advice. Investors must consult certified financial advisors and consider individual financial goals and risk profiles before making investment decisions.

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📊 Stock Analysis & Study

Havells India Ltd.
Study Date: 03.09.2025

Current Price: ₹1588/-
Valuation: Too High / Above Book Value (₹124)

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🔹 Key Financials & Performance

• June 2025 Result: ⬇️ YoY Decline

• Dividend Policy: Pays dividend twice a year (Jan & May)

  • Latest Dividend: 🌸 ₹6/- per share on 23.05.2025 ✅

• 52W H/L: ₹2106 / ₹1381

• ROCE: 25.3% 🌸 (Strong)

• ROE: 17.68% 🌸 (Healthy)

• Book Value: ₹124 👎🏻 (Low vs CMP)

• P/E Ratio: 65.04 👎🏻 (Expensive)

• Sector P/E: 60.36

• Beta: 0.91 🌸 (Stable, Low Volatility)

• Target Price Range (H/M/L): ₹1915 / ₹1708 / ₹1350

• Face Value: ₹1

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🔹 Ratings Legend

• P = Poor 👎🏻 | G = Good 🌸 | D = Dividend | B = Buy | S = Sell | HD = Hold 😅 | HH = High 👍🏻 | L = Low 👎🏻 | M = Mean

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🔹 Fundamental Indicators

• Piotroski Score: 7 🌸🌸 (Very Good – Strong Financial Health)

• Shareholding Pattern (as of Sept 2025):

  • FII: ⬇️ 21.59% (Prev. 22.31%)

  • DII: ⬆️ 13.36% (Prev. 12.76%)

  • Promoter: ⬇️ 59.38% (Prev. 59.41%)

  • Institutional Investors: ⬇️ 34.95% (Prev. 35.07%)

  • Overall: Slight decline in promoter & FII holdings, DII support improving.

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🔹 Seasonality Analysis (17-Year Historical Trend)

• Jan: 7/17 👎🏻 (+1.19%) → Buy (D)

• Feb: 8/17 👎🏻 (-0.37%) → Buy

• Mar: 11/17 🌸 (+7.18%) → Sell

• Apr: 13/17 🌸🌸 (+4.06%) → Sell & Book Profit

• May: 10/17 🌸 (+5.69%) → Sell (D)

• June: 7/17 👎🏻 (+1.38%) → Buy

• July: 12/17 🌸 (+2.18%) → Sell

• Aug: 12/17 🌸 (+5.11%) → Sell

• Sep: 11/17 🌸 (+2.24%) → Sell & Book Profit

• Oct: 7/17 👎🏻 (-1.35%) → Buy

• Nov: 12/17 🌸 (+4.83%) → Sell & Book Profit

• Dec: 10/17 🌸 (+3.81%) → Sell

Optimal Strategy for Max Profit:

• Buy in Feb → Sell in Apr

• Buy in June → Sell in Aug

• Buy in Oct → Sell in Nov

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🔹 Q1 FY2026 Results (Weak)

• Sales: ⬇️ 6%

• EBITDA: ⬇️ 10%

• Net Profit: ⬇️ 15%

• EPS: ⬇️ 15%

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🎯 Confidence Vote:

📌  SELL (Short Term)

• Current valuations stretched (P/E > Sector Average).

• Book value low vs CMP.

• Weak quarterly performance.

• Seasonal data also favors profit booking post-August.

Disclaimer

This document is purely for educational and analytical purposes only. It represents personal study, data interpretation, and thought-provoking observations. It does not constitute investment advice or a recommendation. Investors must make independent decisions after consulting certified financial advisors, taking into account their own objectives and risk appetite.

Havells India

Study on 03.09.2025

Current Price: 1588/- (Too high or Above Book Value: 124)

Result :June Result ⬇️ % YOY

Paying dividend 2 time in year (Jan and May)

Dividend Announce :🌸 6/- per Share in 23.05.2025 (Already Done)

52W H/L: 2106/1381

Roce:25.3% (Good🌸)

ROE:17.68%(Good🌸)

Book Value:124(Poor👎🏻)

PE:65.04 (Poor👎🏻)

Sector PE:60.36

Beta:0.91(Good🌸)

Target High/Mean/low:1915/1708/1350

Face Value:1

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P-Poor👎🏻 

G- Good 🌸

D-Dividend

B-Buy

S-Sell

HD-Hold 😅

HH-High 👍🏻

L-Low 👎🏻

M- Mean

⬆️⬇️ 🌸👍🏻👎🏻😅

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Piotroski Score : 7 🌸🌸 (V.Good) Strong Finance

FII: ⬇️ 21.59% (22.31%)

DII: ⬆️ 13.36% (12.76%)

Promoter: ⬇️ 59.38% (59.41%)

Institution Invester :⬇️ 34.95% (35.07%)

Current% (old%)

Unchanged

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Seasonality

Positive result in

Jan: 7/17 (Poor👎🏻) (+1.19%) Buy (D)

Feb: 8/17 (Poor👎🏻) (-0.37%)

Mar:11/17 (Good🌸)(+7.18%) Sell

Apr: 13/17 (V.Good🌸🌸) (+4.06%) Sell and book Profit

May:10/17 (Good🌸) (+5.69%) Sell (D)

June: 7/17 (Poor👎🏻)(+1.38%) Buy

July:12/17 (Good🌸) (+2.18%) Sell

Aug:12/17(Good🌸)(+5.11%) Sell

Sep:11/17 (Good🌸) (+2.24%) Sell  and book Profit.

Oct:  7/17 (Poor👎🏻) (-1 35%) Buy

Nov: 12/17 (Good🌸)(+4.83%) Sell and book Profit

Dec: 10/17 (Good🌸)(+3.81%) Sell

For Max Profit 

Feb (Buy) / Apr (Sell), 

June (Buy)/Aug (Sell)

Oct (Buy/ Nov (Sell)

Q12026 Result was Poor

Sale: ⬇️ 6%

EBITA: ⬇️ 10%

Net Profit: ⬇️15%

EPS: ⬇️15%

Share Holding upto:15 Sep

Confidence Vote: Currently time to Sell.