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Whirlpool of India

WHIRLPOOL NSE
₹826.15 +11.15 (+1.37%)
P/E
41.77
View as Markdown
MCP
Close 4 Nov 2026 ₹826.15 −524.05 −38.8% 1Y
Start ₹1,350.20

Key Fundamentals

MicrocapConsumer DurablesConsumer Discretionary

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
10.70%
Debt to Equity
0.09
EPS (TTM)
₹19.78
Book Value
₹327.94
Market Cap
—
P/E (TTM)
41.77
P/B
2.52
ROE
7.71%
Dividend Yield
0.61%
EBITDA
₹680 Cr
52W High
₹1,381.80
52W Low
₹706.00
Day Range
₹813.00 – ₹829.00
Volume
1,87,543

Peer Comparison

Consumer Discretionary › Consumer Goods › Household Appliances

Whirlpool peer comparison
LG Electronics
₹1,692.1062.93₹1,15,914 Cr14.980.00%24.70%32.30%₹25,575 Cr₹1,825 Cr
Voltas
₹1,064.8078.41₹35,544 Cr5.530.38%6.10%9.04%₹14,979 Cr₹442 Cr
Blue Star
₹1,555.0062.78₹32,857 Cr9.170.54%17.20%21.20%₹12,798 Cr₹510 Cr
Amber Enterprises
₹6,460.00236.98₹22,453 Cr5.210.00%5.99%10.30%₹12,625 Cr₹124 Cr
Crompton Greaves
₹203.82—₹13,185 Cr4.331.52%10.30%19.00%₹7,698 Cr−₹189 Cr
V-Guard Industries
₹292.9535.04₹12,603 Cr5.000.52%14.40%18.40%₹6,310 Cr₹364 Cr
Whirlpool (this company)
₹826.1541.77₹10,427 Cr2.520.61%7.71%10.70%₹8,329 Cr₹252 Cr
Median 7 companies₹1,064.8062.86₹22,453 Cr5.210.52%10.30%18.40%₹12,625 Cr₹364 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

41 Weak

Data confidence 100/100

Category scores

Quality
35
Poor
Returns, margins, earnings quality 22% weight
Valuation
48
Average
Cheap vs sector & own history 24% weight
Growth
27
Poor
Sales & profit trajectory 9% weight
Financial Health
62
Good
Solvency, leverage, coverage 9% weight
Momentum
29
Poor
Trend strength, vol-adjusted 12% weight
Ownership
37
Weak
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

2
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 22.8%

Weaknesses

4
  • The company has delivered a poor sales growth of 6.37% over past five years.
  • Company has a low return on equity of 7.76% over last 3 years.
  • Earnings include an other income of Rs.185 Cr.
  • Promoter holding has decreased over last 3 years: -35.2%

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBullish478
OscillatorsBearish270
Moving AveragesStrong Bullish208

Key readings

RSI (14)
50.77
Neutral
MACD (12,26,9)
−0.37
Bearish
SMA (50)
814.92
Bullish
SMA (200)
831.49
Bearish

As of

Analyst Rating

Based on 12 analysts
BUY42%

5 of 12 analysts rate Buy, 3 Hold, 4 Sell.

As of

BUY
5
42%
HOLD
3
25%
SELL
4
33%

Growth Rate

From the financial statements below. 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
5Y+6.37%
3Y+6.41%
1Y+1.45%
TTM+6.03%

Net profit

Net profit growth by window
5Y−3.47%
3Y+9.61%
1Y−18.73%
TTM−30.77%

Operating cash flow

Operating cash flow growth by window
5Y−10.67%
3Y+3.34%
1Y−47.81%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
5Y−2.84 pp
3Y+0.43 pp
1Y−0.96 pp
TTM−2.09 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2018₹4,832 Cr
Mar 2019₹5,398 Cr
Mar 2020₹5,993 Cr
Mar 2021₹5,900 Cr
Mar 2022₹6,197 Cr
Mar 2023₹6,668 Cr
Mar 2024₹6,830 Cr
Mar 2025₹7,919 Cr
Mar 2026₹8,034 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2018₹351 Cr
Mar 2019₹410 Cr
Mar 2020₹490 Cr
Mar 2021₹352 Cr
Mar 2022₹567 Cr
Mar 2023₹224 Cr
Mar 2024₹224 Cr
Mar 2025₹363 Cr
Mar 2026₹295 Cr

Analyst Forecasts

Forecast For
Sep 26 consensus · EBITDA
₹47.77 Cr −77.0% vs Jun 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Generated 6 Jul 2026
AI opinion · based on fundamentals
Risk high

Whirlpool of India trades at a market cap of Rs.10,180 Cr with a PE of 34.7x despite delivering only 1% TTM sales growth and an 11% decline in TTM profits. The company is virtually debt-free but has seen a significant 35.2% decline in promoter holding over three years, while ROE remains modest at around 8%.

Bull Case 7
  • Company is almost debt-free, providing financial flexibility and low interest cost burden
  • Company has reduced debt over recent periods, strengthening the balance sheet
  • Consistent dividend payout of 22.8% signals commitment to returning capital to shareholders
  • Compounded profit growth of 13% over 3 years indicates medium-term earnings recovery
  • Compounded sales CAGR of 6% over 5 years shows steady, if modest, top-line expansion in a competitive market
  • Price-to-book of 2.46x is relatively moderate for a branded consumer discretionary company with strong parentage
  • ROE has remained stable at 8% across 1-year, 3-year, and 5-year periods, indicating consistency in capital efficiency
Bear Case 8
  • Promoter holding has decreased by 35.2% over the last 3 years, a significant reduction signaling potential lack of confidence or strategic change
  • Stock CAGR of -41% over 1 year and -18% over 3 years reflects severe value erosion for shareholders
  • TTM profit growth of -11% shows earnings are currently contracting
  • Low ROE of 7.82% over last 3 years is below cost of equity for most investors
  • Sales growth of only 6.37% over 5 years is poor for a consumer discretionary company in a growing economy
  • Other income of Rs.170 Cr forms a significant portion of earnings, raising questions about core operating profitability
  • PE of 34.7x is elevated relative to single-digit ROE and declining earnings, suggesting stretched valuations
  • 10-year stock CAGR of 0% means long-term shareholders have generated no capital appreciation over a decade

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

121d ago

TL;DR: Whirlpool of India's recent newsflow is largely routine with no material negative developments. The FY26 net profit of ₹29,530 lacs and ₹5 dividend are modest positives. Regulatory items (tax demand of ₹15.52 lakh, ₹50,000 packaging fee) are negligible in scale. The outlook is steady but lacks strong growth catalysts in the near term.

Headwinds 2
  • Tax demand order from Bihar Jul 3

    Whirlpool of India received a tax demand order of INR 15.52 lakh from the Office of Additional Commissioner of State Tax, Bihar for FY 2019-20. Minimal financial impact but signals ongoing compliance scrutiny.

  • Packaging compliance violation fee Jun 10

    Whirlpool paid a one-time compounding fee of ₹50,000 to the Department of Legal Metrology, Andhra Pradesh, for packaging compliance violations.

Positives 1
  • FY26 profit and dividend declared Jun 18

    Whirlpool of India reported consolidated net profit of ₹29,530 lacs for FY26. The board recommended a final dividend of ₹5 per share, signaling confidence in cash flows.

Neutral 2
  • Senior management restructuring Jul 1

    Bharat Gulati resigned as Head-Commercial Finance effective July 14, 2026. Jijesh Gopalan will take over as Vice President-Service from July 15, 2026.

  • Arvind Uppal re-designated as Director Jun 15

    Shareholders approved the re-designation of Arvind Uppal as Non-Executive Non-Independent Director effective May 06, 2026.

Quarterly Results

₹ Cr
WHIRLPOOL quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
2,039
1,522
1,536
1,734
2,497
1,713
1,705
2,005
2,432
1,647
1,774
2,181
2,727
Expenses
1,915
1,448
1,473
1,590
2,286
1,626
1,636
1,822
2,221
1,589
1,683
2,060
2,588
Operating Profit
123
73
63
144
211
87
69
183
211
58
91
121
139
OPM %
6%
4.8%
4.1%
8%
8%
5%
4.1%
9%
9%
3.5%
5%
6%
5%
Other Income
35
34
36
41
51
49
51
47
54
60
3
53
69
Interest
7
6
9
9
10
11
9
14
15
8
10
12
15
Depreciation
52
49
47
62
56
52
51
54
54
52
51
53
54
PBT
99
52
42
114
196
73
59
162
196
58
33
110
139
Tax %
22%
27%
29%
30%
26%
27%
25%
26%
26%
27%
18%
27%
26%
Net Profit
77
38
30
79
145
54
45
119
146
42
27
80
103
EPS (₹)
5.9
2.88
2.21
6.12
11.34
4.1
3.46
9.4
11.49
3.26
2.09
6.32
8.11

Profit & Loss

₹ Cr
WHIRLPOOL profit and loss, annual, ₹ crore
Particulars Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
4,832
5,398
5,993
5,900
6,197
6,668
6,830
7,919
8,034
8,329
Expenses
4,271
4,755
5,319
5,379
5,781
6,297
6,427
7,369
7,553
7,920
Operating Profit
561
642
673
521
416
371
403
550
481
409
OPM %
12%
12%
11%
9%
7%
6%
6%
7%
6%
4.9%
Other Income
86
107
143
106
398
127
145
198
170
185
Interest
4
9
20
15
16
15
30
45
45
45
Depreciation
102
111
129
142
147
185
210
213
209
210
PBT
541
629
667
470
650
297
307
490
397
339
Tax %
35%
35%
26%
25%
13%
25%
27%
26%
26%
—
Net Profit
351
410
490
352
567
224
224
363
295
252
EPS (₹)
27.64
32.3
38.64
27.73
44.64
17.26
17.11
28.3
23.15
19.78
Div. Payout %
14%
15%
13%
18%
11%
29%
29%
18%
22%
—

Balance Sheet

₹ Cr
WHIRLPOOL balance sheet, annual, ₹ crore
Particulars Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
127
127
127
127
127
127
127
127
127
Reserves
1,669
2,019
2,437
2,731
3,231
3,393
3,562
3,823
4,034
Borrowings
0
0
0
51
134
112
231
284
359
Other Liabilities
1,429
1,566
1,837
2,139
2,142
2,268
2,165
2,489
2,816
Total Liabilities
3,226
3,712
4,400
5,048
5,634
5,900
6,084
6,723
7,335
Fixed Assets
446
508
709
707
1,803
1,917
1,932
1,913
1,960
CWIP
33
43
44
41
76
20
21
49
203
Investments
456
659
567
207
0
0
0
0
0
Other Assets
2,291
2,501
3,080
4,093
3,754
3,963
4,131
4,761
5,172
Total Assets
3,226
3,712
4,400
5,048
5,634
5,900
6,084
6,723
7,335

Cash Flow

₹ Cr
WHIRLPOOL cash flow, annual, ₹ crore
Particulars Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
384
402
380
524
98
270
610
571
298
Investing
−415
−262
−72
338
−459
−101
62
61
−2,029
Financing
−46
−62
−87
−75
−89
−101
−117
−307
−212
Net Cash Flow
−77
79
221
786
−450
68
555
325
−1,943
Free Cash Flow
229
216
75
425
−70
90
544
452
37
CFO/OP
105
99
87
125
46
92
168
129
86

Ratios

WHIRLPOOL financial ratios, annual
Particulars Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
18
17
20
23
25
24
18
24
34
Inventory Days
99
96
117
124
114
120
99
93
103
Days Payable
140
134
143
161
129
131
110
119
128
Cash Conversion Cycle
−24
−20
−7
−14
10
13
8
−3
9
Working Capital Days
−8
−7
3
−1
13
16
1
−5
0
ROCE %
—
32%
29%
18%
10%
8%
9%
13%
11%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Whirlpool insights

60 extracted metrics across FY08–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 39.76%
  • DIIs 32.36%
  • FIIs 12.51%
  • Public 11.76%
  • Others 3.60%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Whirlpool of India

What does Whirlpool of India Ltd do?
Whirlpool of India Ltd is one of the leading manufacturers and marketers of major home appliances in the country.
Where is Whirlpool of India Ltd (WHIRLPOOL) listed?
Whirlpool of India Ltd trades as WHIRLPOOL on the NSE and under code 500238 on the BSE.
Which sector does Whirlpool of India Ltd belong to?
Whirlpool of India Ltd is classified under the Consumer Goods sector, in the Household Appliances industry.
What is the PE ratio of Whirlpool of India Ltd?
Whirlpool of India Ltd trades at a PE ratio of 41.77 as of 4 Nov 2026, on earnings per share of ₹19.78, against a book value of ₹327.94 per share.
What is the 52-week high and low of Whirlpool of India Ltd?
Over the last 52 weeks Whirlpool of India Ltd has traded between ₹706 and ₹1,381.8 as of 4 Nov 2026.
Does Whirlpool of India Ltd pay dividends?
Whirlpool of India Ltd has a dividend yield of 0.61%.
What is the Return on Equity (ROE) of Whirlpool of India Ltd?
Whirlpool of India Ltd reported a return on equity of 7.71%. Its debt-to-equity ratio is 0.09.

Company Information

Whirlpool of India Ltd is one of the leading manufacturers and marketers of major home appliances in the country.

Website whirlpoolindia.com
CEO Mr. Narasimhan Eswar
Employees 2,193
Listed 6 Apr 2010
Face Value ₹10

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