Whirlpool
Whirlpool
Consumer DiscretionaryKey Fundamentals
MicrocapHousehold AppliancesConsumer GoodsTapetide Score
Data-driven rating, 0–100. How it works →
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%
Growth Rate
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 69d agoWhirlpool 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%.
- 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
- 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
anthropic claude-opus-4.6 69d ago- 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.
- 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.
- 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.
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.
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 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 in Rs | 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
| Particulars | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 in Rs | 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
| Particulars | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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
| Particulars | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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
| Particulars | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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33 extracted metrics + investor summaries across FY08–FY26.
Documents
Frequently Asked Questions about Whirlpool
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Company Information
Whirlpool of India Ltd is one of the leading manufacturers and marketers of major home appliances in the country.[1]
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