Havells India - Healthy Growth In Cable, Lloyd To Continue: Prabhudas Lilladher

"BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Prabhudas Lilladher Report.We introduce FY26 estimates and downgrade Havells India Ltd. to ‘Accumulate’ from 'Buy' with revised discounted cash flow based target price of Rs 1,538, implied price-to-earning of 49 times at September 25E earning (Rs 1,460 earlier). We met management of Havells India to gauge their festive demand, impact of dry monsoon on seasonal products in some parts of India, competitive scenario and inventory level in channels. Havells India expects healthy double digit growth in cables, switchgears and Lloyd businesses in forthcoming years. But immediate growth driver will be its busines-to-business portfolio. The company’s ongoing efforts are directed towards achieving Ebitda margin of 13%-15% (excluding Lloyd), while actively working to reduce losses in the Lloyd segment over the next few quarters, though it will take time to reach desired levels, in our view. We expect revenue/Ebitda/profit after tax compound annual growth rate of 14.1%/24.4%/27.5% over FY23-26E..Click on the attachment to read the full report:.DMart Ready Retains Competitive Advantage, Says Prabhudas Lilladher.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner."

Havells India - Healthy Growth In Cable, Lloyd To Continue: Prabhudas Lilladher

Wire and cable business expect 17.3% CAGR over FY23-26E.

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Havells India - Healthy Growth In Cable, Lloyd To Continue: Prabhudas Lilladher

Wire and cable business expect 17.3% CAGR over FY23-26E.

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