Is Havells India overvalued or undervalued?

Aug 28 2025 08:02 AM IST
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As of August 26, 2025, Havells India is fairly valued with a PE ratio of 67.37 and strong fundamentals, despite a 20.48% stock decline over the past year, while its peers show varying valuations.
As of 26 August 2025, Havells India has moved from an expensive to a fair valuation grade. The company is currently fairly valued, with a PE ratio of 67.37, an EV to EBITDA ratio of 44.39, and a PEG ratio of 47.09. In comparison to its peers, Polycab India is considered very expensive with a PE of 47.79, while R R Kabel is rated attractive with a PE of 40.06.

Despite the recent stock performance showing a decline of 20.48% over the past year compared to a slight drop of 1.12% in the Sensex, Havells India maintains strong fundamentals, including a ROCE of 32.87% and a ROE of 17.69%. Overall, the company's valuation appears justified given its competitive position within the electronics and appliances industry.
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