Havells Intrinsic Value
Havells (HAVELLS) median intrinsic value is ₹2316.53 from 10 valuation models (range ₹368–₹3067), vs current price ₹1226.90 — +88.8% upside (Trading Below Calculated Value), margin of safety 47.0%. Read HAVELLS dividend yield for the complete payout history and dividend yield track record.
HAVELLS Valuation Methods Summary — DCF, Graham Number & P/E
Havells intrinsic value across 10 models vs current price ₹1226.90 — upside/downside and value range per method. For current market price and key ratios, visit Havells stock price NSE.
| Method | Type | Intrinsic Value | Range | Upside/Downside | Details |
|---|---|---|---|---|---|
| P/E Based Valuation | earnings | ₹1152.00 | ₹921.60 - ₹1382.40 | -6.1% | EPS: ₹46.08, Sector P/E: 25x |
| Book Value Method | asset | ₹3067.25 | ₹2760.53 - ₹3373.98 | +150.0% | Book Value/Share: ₹1503.02, P/B: 2.5x |
| Revenue Multiple Method | revenue | ₹2453.80 | ₹2208.42 - ₹2699.18 | +100.0% | Revenue/Share: ₹4453.97, P/S: 1.5x |
| EBITDA Multiple Method | earnings | ₹2453.80 | ₹2208.42 - ₹2699.18 | +100.0% | EBITDA: ₹4156.00Cr, EV/EBITDA: 12x |
| Simple DCF (5Y) | dcf | ₹2316.53 | ₹1853.22 - ₹2779.84 | +88.8% | CF Growth: 5.0%, Discount: 15% |
| PEG Ratio Method | growth | ₹368.07 | ₹331.26 - ₹404.88 | -70.0% | EPS Growth: 8.0%, Fair P/E: 6.4x |
| Growth Adjusted P/E | growth | ₹854.32 | ₹768.89 - ₹939.75 | -30.4% | Revenue Growth: 6.0%, Adj P/E: 18.5x |
| ROE Based Valuation | profitability | ₹2453.80 | ₹2208.42 - ₹2699.18 | +100.0% | ROE: 30.5%, P/E Multiple: 16x |
| Graham Defensive Method | conservative | ₹1248.33 | ₹1123.50 - ₹1373.16 | +1.7% | EPS: ₹46.08, BVPS: ₹1503.02 |
| Dividend Yield Method | dividend | ₹368.07 | ₹331.26 - ₹404.88 | -70.0% | DPS: ₹10.00, Target Yield: 3.0% |
HAVELLS Intrinsic Value vs Market Price — All Valuation Models
Havells fair value range ₹368–₹3067 vs current market price ₹1226.90 across 10 valuation models. Analyse HAVELLS shareholder distribution to track promoter, FII and institutional holdings.
HAVELLS Intrinsic Value Analysis — Undervalued or Overvalued?
Havells median intrinsic value ₹2316.53, current price ₹1226.90 — Trading Below Calculated Value by 88.8%, margin of safety 47.0%.
What is the intrinsic value of HAVELLS?
Based on our comprehensive analysis using 10 different valuation methods, the estimated intrinsic value of Havells (HAVELLS) is ₹2316.53 (median value). With the current market price of ₹1226.90, this represents a +88.8% variance from our estimated fair value.
The valuation range spans from ₹368.07 to ₹3067.25, indicating ₹368.07 - ₹3067.25.
Is HAVELLS undervalued or overvalued?
Based on our multi-method analysis, Havells (HAVELLS) appears to be trading below calculated value by approximately 88.8%.
HAVELLS Financial Health — Key Ratios vs Industry Benchmarks
Havells financial ratios — ROE, debt-to-equity, profit margins and liquidity vs industry benchmarks and their impact on intrinsic value.
| Financial Metric | Current Value | Industry Benchmark | Assessment | Impact on Valuation |
|---|---|---|---|---|
| Current Ratio | 11.29 | Industry Standard: 2.0+ | Above 2.0 | Measures short-term liquidity capacity |
| Return on Equity | 30.5% | Industry Standard: 15%+ | Above 15% | Measures shareholder return efficiency |
| Operating Margin | 11.0% | Industry Standard: 20%+ | Above 10% | Indicates operational efficiency level |
| Asset Turnover Ratio | 1.90x | Industry Standard: 1.0x+ | Above 1.0x | Measures asset utilization efficiency |
HAVELLS Cash Flow Quality — Operating & Free Cash Flow
Havells operating cash flow, free cash flow, quality rating and sustainability score by period — key inputs to DCF intrinsic value calculation.
| Period | Operating Cash Flow | Free Cash Flow | Cash Flow Quality | Sustainability Score |
|---|---|---|---|---|
| March 2026 | ₹1,572 Cr | ₹1,125 Cr | Positive Free Cash Flow | 8/10 |
| March 2025 | ₹1,523 Cr | ₹1,371 Cr | Positive Free Cash Flow | 8/10 |
| March 2024 | ₹1,953 Cr | ₹1,144 Cr | Positive Free Cash Flow | 8/10 |
| March 2023 | ₹565 Cr | ₹565 Cr | Positive Free Cash Flow | 8/10 |
| March 2022 | ₹1,728 Cr | ₹1,348 Cr | Positive Free Cash Flow | 8/10 |