{"id":12409,"date":"2017-11-07T11:56:19","date_gmt":"2017-11-07T06:26:19","guid":{"rendered":"https:\/\/blog.fundsindia.com\/blog\/?p=12409"},"modified":"2017-11-07T12:07:49","modified_gmt":"2017-11-07T06:37:49","slug":"havells-india-ltd","status":"publish","type":"post","link":"https:\/\/www.fundsindia.com\/blog\/equities\/havells-india-ltd\/12409","title":{"rendered":"Havells India Ltd"},"content":{"rendered":"<p style=\"text-align: justify;\">Incorporated in 1983, Havells India is a leading manufacturer of electrical components and power distribution equipment\u2019s with products ranging from industrial and domestic circuit protection switchgears, cables, motors, pumps, fans, power capacitors, CFL lamps and luminaries. The company has 12 manufacturing plants spread across 7 locations in the country.\n<\/p>\n<div class=\"blog-highlight\" style=\"clear: both; background: #3ba010; border: none; width: 60%; text-align: center; box-shadow: 0 5px 5px rgba(0, 0, 0, 0.5);\"><a style=\"text-decoration: none;\" href=\"http:\/\/www.fundsindia.com\/content\/jsp\/registration\/login.jsp?ref=blog-button\" target=\"_blank\"> <span style=\"color: #fff; font-weight: bold;\">Open<\/span> <span style=\"color: #fff; font-weight: bold; text-decoration: none;\"> a FREE Account Now! <\/span><\/a><\/div>\n<p style=\"text-align: justify;\"><strong>Valuations:<\/strong> The company is currently trading at a PE multiple of 45.4x\/36.4x for FY18E\/19E. The company\u2019s robust product portfolio, strong brand recall and higher visibility of revenue growth should continue to support Havell\u2019s premium valuations. We expect the company\u2019s revenue and PAT to grow at a healthy CAGR of ~21%\/~20% over FY17-19E. Hence, we recommend \u2018BUY\u2019 rating on the stock with a target price of Rs. 555 based on a target multiple of 41xFY19E EPS.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2017\/11\/Research-Report-Havells-India-Ltd.pdf\">Research Report &#8211; Havells India Ltd<\/a><\/p>\n<p style=\"text-align: justify;\"><i>Investments in equity shares, debentures, etc., are not obligations of, or guaranteed by Wealth India Financial Services Pvt. Ltd., and are subject to investment risks.\u00a0<a href=\"http:\/\/pages.fundsindia.com\/pages\/disclaimer-equities\/\">Click here<\/a>\u00a0to read our full disclaimer.<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Incorporated in 1983, Havells India is a leading manufacturer of electrical components and power distribution equipment\u2019s with products ranging from industrial and domestic circuit protection switchgears, cables, motors, pumps, fans, power capacitors, CFL lamps and luminaries. The company has 12 manufacturing plants spread across 7 locations in the country. Open a FREE Account Now! Valuations: [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[59],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Havells India Ltd.<\/title>\n<meta name=\"description\" content=\"Find the latest research report on Havells India Ltd. On FundsIndia Marketplace\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fundsindia.com\/blog\/equities\/havells-india-ltd\/12409\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Havells India Ltd.\" \/>\n<meta property=\"og:description\" content=\"Find the latest research report on Havells India Ltd. 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