Upon release, Himmatwala became a massive commercial success, grossing ₹5 crore and emerging as one of the highest-grossing Hindi films of the 1980s.

Her performance in the popular song "Naino Mein Sapna" was widely appreciated, with Rediff noting that while the water pots dominated the frames, it was Sridevi's bejeweled outfits and headgear that captivated the audience.

Ravi suddenly finds his father among the workers of the dam and brings him back to prove his innocence in front of the village panchayat.

Bandookwala is held responsible for all of his evil doings and is set to be punished by the panchayat, but Dharam Murti asks everyone to forgive him, on the condition that he mends his ways.

A remake of the film starring Ajay Devgn and Tamannaah and directed by Sajid Khan, released under the same title on 29 March 2013.