Whirlpool of India Ltd
Whirlpool of India Ltd is one of the leading manufacturers and marketers of major home appliances in the country.[1]
- Market Cap ₹ 9,774 Cr.
- Current Price ₹ 771
- High / Low ₹ 1,438 / 750
- Stock P/E 44.2
- Book Value ₹ 289
- Dividend Yield 0.65 %
- ROCE 10.0 %
- ROE 7.25 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 28.1%
Cons
- Stock is trading at 2.67 times its book value
- The company has delivered a poor sales growth of 4.84% over past five years.
- Company has a low return on equity of 7.40% over last 3 years.
- Earnings include an other income of Rs.169 Cr.
- Promoter holding has decreased over last 3 years: -35.2%
* 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 3,249 | 3,440 | 3,941 | 4,832 | 5,398 | 5,993 | 5,900 | 5,993 | 6,210 | 6,333 | 7,421 | 7,474 | 7,739 | |
| 2,918 | 3,070 | 3,452 | 4,271 | 4,755 | 5,319 | 5,379 | 5,598 | 5,912 | 6,021 | 6,945 | 7,078 | 7,418 | |
| Operating Profit | 331 | 370 | 489 | 561 | 642 | 673 | 521 | 395 | 299 | 312 | 475 | 396 | 321 |
| OPM % | 10% | 11% | 12% | 12% | 12% | 11% | 9% | 7% | 4.8% | 4.9% | 6% | 5% | 4.2% |
| 38 | 68 | 73 | 86 | 105 | 129 | 88 | 60 | 122 | 133 | 180 | 155 | 169 | |
| Interest | 1 | 5 | 6 | 4 | 9 | 20 | 15 | 15 | 12 | 28 | 42 | 42 | 41 |
| Depreciation | 68 | 77 | 87 | 102 | 111 | 129 | 142 | 136 | 161 | 186 | 189 | 185 | 186 |
| Profit before tax | 301 | 356 | 468 | 541 | 626 | 653 | 451 | 304 | 247 | 231 | 425 | 325 | 263 |
| Tax % | 30% | 33% | 34% | 35% | 35% | 27% | 26% | 27% | 25% | 28% | 26% | 25% | |
| 211 | 240 | 310 | 351 | 407 | 476 | 333 | 223 | 185 | 167 | 313 | 242 | 196 | |
| EPS in Rs | 16.59 | 18.92 | 24.47 | 27.64 | 32.08 | 37.54 | 26.27 | 17.56 | 14.57 | 13.19 | 24.70 | 19.09 | 15.48 |
| Dividend Payout % | -0% | -0% | 12% | 14% | 16% | 13% | 19% | 28% | 34% | 38% | 20% | 26% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 5% |
| 3 Years: | 6% |
| TTM: | 5% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 1% |
| 5 Years: | -5% |
| 3 Years: | 12% |
| TTM: | -29% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -2% |
| 5 Years: | -17% |
| 3 Years: | -22% |
| 1 Year: | -42% |
| Return on Equity | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 7% |
| 3 Years: | 7% |
| Last Year: | 7% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | 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 | 127 | 127 | 127 |
| Reserves | 789 | 1,039 | 1,356 | 1,669 | 2,016 | 2,420 | 2,696 | 2,852 | 2,980 | 3,098 | 3,362 | 3,537 |
| -0 | -0 | -0 | -0 | -0 | -0 | 51 | 125 | 102 | 223 | 274 | 342 | |
| 933 | 1,086 | 1,393 | 1,429 | 1,566 | 1,797 | 2,139 | 1,919 | 2,045 | 1,911 | 2,333 | 2,666 | |
| Total Liabilities | 1,849 | 2,251 | 2,876 | 3,226 | 3,709 | 4,344 | 5,013 | 5,023 | 5,254 | 5,358 | 6,095 | 6,672 |
| 383 | 366 | 398 | 446 | 508 | 709 | 707 | 787 | 910 | 942 | 934 | 986 | |
| CWIP | 13 | 37 | 30 | 33 | 43 | 44 | 41 | 76 | 20 | 21 | 49 | 203 |
| Investments | -0 | -0 | 130 | 456 | 656 | 551 | 172 | 597 | 597 | 597 | 764 | 822 |
| 1,453 | 1,848 | 2,319 | 2,291 | 2,501 | 3,040 | 4,093 | 3,563 | 3,726 | 3,798 | 4,349 | 4,660 | |
| Total Assets | 1,849 | 2,251 | 2,876 | 3,226 | 3,709 | 4,344 | 5,013 | 5,023 | 5,254 | 5,358 | 6,095 | 6,672 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 300 | 344 | 384 | 384 | 402 | 380 | 524 | 94 | 189 | 535 | 514 | 233 | |
| -55 | -28 | -180 | -415 | -262 | -72 | 338 | -543 | -101 | 56 | -119 | -1,809 | |
| -1 | -1 | -1 | -46 | -62 | -87 | -75 | -85 | -94 | -112 | -135 | -147 | |
| Net Cash Flow | 244 | 315 | 202 | -77 | 79 | 221 | 786 | -535 | -6 | 479 | 260 | -1,723 |
| Free Cash Flow | 215 | 265 | 272 | 229 | 216 | 75 | 425 | -68 | 18 | 474 | 401 | -21 |
| CFO/OP | 116% | 124% | 115% | 105% | 99% | 87% | 125% | 45% | 81% | 185% | 132% | 81% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 17 | 20 | 19 | 18 | 17 | 17 | 23 | 24 | 23 | 17 | 22 | 33 |
| Inventory Days | 122 | 123 | 140 | 99 | 96 | 120 | 124 | 110 | 120 | 98 | 91 | 102 |
| Days Payable | 133 | 156 | 177 | 140 | 134 | 143 | 161 | 130 | 135 | 114 | 122 | 132 |
| Cash Conversion Cycle | 6 | -13 | -18 | -24 | -20 | -6 | -14 | 4 | 8 | 1 | -9 | 3 |
| Working Capital Days | 1 | -5 | -7 | -8 | -7 | 3 | -1 | 8 | 14 | -2 | -8 | -2 |
| ROCE % | 36% | 35% | 36% | 33% | 32% | 29% | 17% | 11% | 8% | 8% | 13% | 10% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Air Conditioner % of Revenue % |
|
|||||||
| Refrigerator % of Revenue % |
||||||||
| Washing Machine % of Revenue % |
||||||||
| Whirlpool Total Volume Growth (YoY %) % |
||||||||
| Number of Dealers/Distributors dealers |
||||||||
| Refrigerator Volume Growth (YoY %) % |
||||||||
| Washing Machine Volume Growth (YoY %) % |
||||||||
Extracted by Screener AI
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Newspaper Publication
-
Letter To The Shareholders - Annual Report F.Y. 2025-26
- Whirlpool of India AGM on September 9, 2026; record date for final dividend August 28, 2026.
-
Business Responsibility and Sustainability Reporting (BRSR)
- Whirlpool of India submitted FY2025-26 BRSR with annual report on 14 August 2026.
-
AGM Notice For The Financial Year Ended March 31, 2026
- Annual Report and 65th AGM notice for FY2025-26 submitted; AGM on 9 September 2026.
-
Reg. 34 (1) Annual Report.
- Annual Report and 65th AGM notice for FY 2025-26 submitted; AGM on 9 September 2026.
Annual reports
-
Annual Report 2026
from bse
-
Annual Report 2025
from bse
-
Annual Report 2024
from bse
-
Annual Report 2023
from bse
-
Annual Report 2022
from bse
-
Annual Report 2021
from bse
-
Annual Report 2020
from bse
-
Annual Report 2019
from bse
-
Annual Report 2018
from bse
-
Annual Report 2017
from bse
-
Annual Report 2016
from bse
-
Annual Report 2015
from bse
-
Annual Report 2014
from bse
-
Annual Report 2013
from bse
-
Annual Report 2013
from nse
Concalls
-
Aug 2026Transcript PPT REC
-
May 2026Transcript PPT
-
Feb 2026Transcript PPT
-
Feb 2026TranscriptAI SummaryPPT
-
Feb 2025Transcript PPT
-
Aug 2024Transcript PPT
-
Aug 2024TranscriptAI SummaryPPT
-
Feb 2024Transcript PPT
-
Feb 2022TranscriptAI SummaryPPT
-
Nov 2019TranscriptAI SummaryPPT
-
Nov 2019TranscriptAI SummaryPPT
Parent Company:[1]
Promoted by Whirlpool Corp.,
USA, the company is a global
kitchen and laundry appliances
manufacturer. Its brand portfolio
includes Whirlpool, KitchenAid,
Maytag, Consum, Brastemp, and
Amana. In 2023, it reported sales
of approximately $19 billion and operates
55 manufacturing and technology research centers.