Stock Analysis & Study- Havells India Ltd.

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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.