LG Electronics India Ltd
Incorporated in 1997, LG Electronics India Limited is a manufacturer and distributor of home appliances and consumer electronics.[1]LG Corporation, formerly known as Lucky-Goldstar, is a South Korean multinational conglomerate founded by Koo In-hwoi in 1947 and managed by successive generations of his family. It is the fourth-largest company in South Korea.
- Market Cap ₹ 89,516 Cr.
- Current Price ₹ 1,319
- High / Low ₹ 1,749 / 1,300
- Stock P/E 43.5
- Book Value ₹ 101
- Dividend Yield 0.00 %
- ROCE 56.8 %
- ROE 45.2 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 36.5%
Cons
- Stock is trading at 13.0 times its book value
- The company has delivered a poor sales growth of 9.18% over past five years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Consumer Discretionary Consumer Durables Consumer Durables Household Appliances
Part of Nifty 500 Nifty Midcap 100 BSE IPO Nifty 200 BSE Allcap
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 15,710 | 15,087 | 16,834 | 19,865 | 21,352 | 24,367 | |
| 13,241 | 12,732 | 15,124 | 17,963 | 19,123 | 21,252 | |
| Operating Profit | 2,469 | 2,355 | 1,711 | 1,901 | 2,229 | 3,115 |
| OPM % | 16% | 16% | 10% | 10% | 10% | 13% |
| 300 | 33 | 173 | 241 | 205 | 264 | |
| Interest | 6 | 20 | 24 | 25 | 32 | 35 |
| Depreciation | 242 | 244 | 258 | 300 | 364 | 380 |
| Profit before tax | 2,521 | 2,124 | 1,601 | 1,817 | 2,037 | 2,963 |
| Tax % | 26% | 28% | 27% | 26% | 26% | 26% |
| 1,854 | 1,529 | 1,175 | 1,345 | 1,511 | 2,203 | |
| EPS in Rs | 32.46 | |||||
| Dividend Payout % | 0% | 87% | 193% | 185% | 138% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 9% |
| 3 Years: | 13% |
| TTM: | 14% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 3% |
| 3 Years: | 23% |
| TTM: | 46% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 29% |
| 3 Years: | 36% |
| Last Year: | 45% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 113 | 113 | 113 | 113 | 113 | 679 | 679 |
| Reserves | 6,279 | 6,473 | 5,388 | 4,243 | 3,659 | 5,291 | 6,194 |
| 0 | 0 | 0 | 318 | 370 | 428 | 473 | |
| 2,810 | 4,472 | 3,918 | 4,321 | 4,356 | 5,119 | 5,271 | |
| Total Liabilities | 9,202 | 11,059 | 9,419 | 8,995 | 8,498 | 11,517 | 12,617 |
| 835 | 1,049 | 1,048 | 1,343 | 1,319 | 1,329 | 1,446 | |
| CWIP | 85 | 34 | 103 | 25 | 24 | 75 | 167 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 8,282 | 9,976 | 8,269 | 7,628 | 7,155 | 10,113 | 11,003 | |
| Total Assets | 9,202 | 11,059 | 9,419 | 8,995 | 8,498 | 11,517 | 12,617 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 2,043 | 598 | 1,871 | 1,665 | 1,654 | ||
| 30 | -73 | -274 | -20 | -29 | ||
| -1,373 | -2,326 | -2,561 | -2,185 | -106 | ||
| Net Cash Flow | 700 | -1,801 | -964 | -540 | 1,519 | |
| Free Cash Flow | 1,868 | 328 | 1,357 | 1,425 | 1,319 | |
| CFO/OP | 111% | 58% | 122% | 100% | 77% |
Ratios
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 12 | 26 | 30 | 28 | 31 | 35 |
| Inventory Days | 80 | 99 | 75 | 69 | 59 | 67 |
| Days Payable | 76 | 125 | 80 | 80 | 73 | 74 |
| Cash Conversion Cycle | 16 | -0 | 24 | 17 | 17 | 28 |
| Working Capital Days | 11 | -1 | 12 | 4 | 4 | 14 |
| ROCE % | 35% | 27% | 36% | 47% | 57% |
Insights
In beta| Dec 2022 | Dec 2023 | Sep 2025 | |
|---|---|---|---|
| Refrigerator Offline Value Market Share % |
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| Room Air Conditioner (RAC) Offline Value Market Share % |
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| TV Offline Value Market Share % |
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| Washing Machine Offline Value Market Share % |
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| Export Contribution to Revenue % |
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| Localization Rate % |
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| Working Capital Cycle Days |
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| B2B Business Revenue Contribution % |
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| Microwave Market Share % |
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| OLED TV Market Share % |
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| Side-by-Side Refrigerator Market Share % |
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Documents
Announcements
- Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 15h
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
19h - LG Electronics India sold 1 million+ ACs in Q1 CY26 and will scale Sri City production.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
30 Mar - 1,590 HP VRF HVAC system (113 outdoor units) installed at Seva Teerth PMO on March 30, 2026.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
25 Mar - Signed 25-year solar PPAs (9.80 MWp Pune, 11 MWp Greater Noida) supplying ~3.21 crore units annually starting Q2 CY2026.
- Closure of Trading Window 24 Mar
Concalls
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Feb 2026Transcript PPT REC
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Nov 2025Transcript PPT REC
Business Profile[1]
LG Electronics India Ltd (LGEIL) is a leading player in India’s home appliances and consumer electronics industry, holding the #1 market share across multiple key categories such as washing machines, refrigerators, panel televisions, inverter air conditioners, and microwaves in the offline channel.