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Whirlpool of India Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹722.46Overvalued by 12.96%vs CMP ₹830.00

P/E (30.2) × ROE (9.3%) × BV (₹321.00) × DY (0.60%)

₹458.63Overvalued by 44.74%vs CMP ₹830.00
MoS: -81% (Negative)Confidence: 63/100 (Moderate)Models: 1 Under, 8 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹649.6223%Over (-21.7%)
Graham NumberEarnings₹435.3416%Over (-47.5%)
Earnings PowerEarnings₹157.3311%Over (-81%)
DCFCash Flow₹254.5714%Over (-69.3%)
Net Asset ValueAssets₹321.397%Over (-61.3%)
EV/EBITDAEnterprise₹716.469%Over (-13.7%)
Earnings YieldEarnings₹262.407%Over (-68.4%)
ROCE CapitalReturns₹401.967%Over (-51.6%)
Revenue MultipleRevenue₹935.945%Under (+12.8%)
Consensus (9 models)₹458.63100%Overvalued
Key Drivers: Wide model spread (₹157–₹936) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -10.1%

*Investments are subject to market risks

Analyst Summary

Whirlpool of India Ltd operates in the Consumer Electronics segment, NSE: WHIRLPOOL | BSE: 500238, current market price is ₹830.00, market cap is 10,534 Cr.. At a glance, stock P/E is 30.2, ROE is 9.26 %, ROCE is 12.6 %, book value is 321, dividend yield is 0.60 %. The latest intrinsic value estimate is ₹458.63, around 44.7% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹7,919 Cr versus the prior period change of 15.9%, while latest net profit is about ₹363 Cr with a prior-period change of 62.1%. The 52-week range shown on this page is 1,474/756, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisWhirlpool of India Ltd. is a Public Limited Listed company incorporated on 09/07/1960 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) i…

This summary is generated from the stock page data available for Whirlpool of India Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

66
Whirlpool of India Ltd scores 66/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health76/100 · Strong
ROCE 12.6% GoodROE 9.3% AverageD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money70/100 · Strong
FII holding up 1.17% (6mo) AccumulatingDII holding up 7.44% MF buyingPromoter decreased by 11.24% Caution
Earnings Quality60/100 · Moderate
OPM stable around 7% SteadyWorking capital: -5 days (improving) Efficient
Quarterly Momentum58/100 · Moderate
Revenue (4Q): 3% YoY FlatProfit (4Q): +3% YoY Positive
Industry Rank65/100 · Strong
P/E 30.2 vs industry 60.2 Cheaper than peersROCE 12.6% vs industry 14.9% Average3Y sales CAGR: 9% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:56 am

Market Cap 10,534 Cr.
Current Price 830
Intrinsic Value₹458.63
High / Low 1,474/756
Stock P/E30.2
Book Value 321
Dividend Yield0.60 %
ROCE12.6 %
ROE9.26 %
Face Value 10.0
PEG Ratio-3.00

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Whirlpool of India Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Whirlpool of India Ltd 10,534 Cr. 830 1,474/75630.2 3210.60 %12.6 %9.26 % 10.0
Avalon Technologies Ltd 6,255 Cr. 937 1,318/69065.1 97.40.00 %12.8 %10.4 % 2.00
Symphony Ltd 4,972 Cr. 724 1,349/68430.4 1141.80 %36.8 %32.4 % 2.00
Electronics Mart India Ltd 3,570 Cr. 92.8 168/75.638.8 40.40.00 %10.4 %11.1 % 10.0
Epack Durable Ltd 2,093 Cr. 218 421/19651.1 99.40.00 %9.70 %5.98 % 10.0
Industry Average14,072.20 Cr923.2860.24124.510.23%14.89%11.51%6.44

All Competitor Stocks of Whirlpool of India Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 1,3021,6732,0391,5221,5361,7342,4971,7131,7052,0052,4321,6471,774
Expenses 1,2581,5671,9151,4481,4731,5902,2861,6261,6361,8222,2211,5891,683
Operating Profit 44106123736314421187691832115891
OPM % 3%6%6%5%4%8%8%5%4%9%9%4%5%
Other Income 4132353436415149514754603
Interest 467699101191415810
Depreciation 45525249476256525154545251
Profit before tax 368099524211419673591621965833
Tax % 26%20%22%27%29%30%26%27%25%26%26%27%18%
Net Profit 27647738307914554451191464227
EPS in Rs 1.954.945.902.882.216.1211.344.103.469.4011.493.262.09

Last Updated: March 3, 2026, 1:46 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 11:43 am

MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 4,8325,3985,9935,9006,1976,6686,8307,9197,858
Expenses 4,2714,7555,3195,3795,7816,2976,4277,3697,315
Operating Profit 561642673521416371403550543
OPM % 12%12%11%9%7%6%6%7%7%
Other Income 86107143106398127145198164
Interest 4920151615304548
Depreciation 102111129142147185210213210
Profit before tax 541629667470650297307490448
Tax % 35%35%26%25%13%25%27%26%
Net Profit 351410490352567224224363334
EPS in Rs 27.6432.3038.6427.7344.6417.2617.1128.3026.24
Dividend Payout % 14%15%13%18%11%29%29%18%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)16.81%19.51%-28.16%61.08%-60.49%0.00%62.05%
Change in YoY Net Profit Growth (%)0.00%2.70%-47.68%89.24%-121.57%60.49%62.05%

Whirlpool of India Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 7 years from 2018-2019 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:%
5 Years:6%
3 Years:9%
TTM:8%
Compounded Profit Growth
10 Years:%
5 Years:-6%
3 Years:7%
TTM:19%
Stock Price CAGR
10 Years:8%
5 Years:-9%
3 Years:-9%
1 Year:-40%
Return on Equity
10 Years:%
5 Years:9%
3 Years:7%
Last Year:9%

Last Updated: September 5, 2025, 1:56 pm

Balance Sheet

Last Updated: December 4, 2025, 2:13 am

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 127127127127127127127127127
Reserves 1,6692,0192,4372,7313,2313,3933,5623,8233,952
Borrowings 0005113411223128463
Other Liabilities 1,4291,5661,8372,1392,1422,2682,1652,4892,388
Total Liabilities 3,2263,7124,4005,0485,6345,9006,0846,7236,530
Fixed Assets 4465087097071,8031,9171,9321,9131,863
CWIP 334344417620214967
Investments 45665956720700000
Other Assets 2,2912,5013,0804,0933,7543,9634,1314,7614,600
Total Assets 3,2263,7124,4005,0485,6345,9006,0846,7236,530

Reserves and Borrowings Chart

Cash Flow

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 38440238052498270610571
Cash from Investing Activity + -415-262-72338-459-1016261
Cash from Financing Activity + -46-62-87-75-89-101-117-307
Net Cash Flow -7779221786-45068555325
Free Cash Flow 22921675425-7090544452
CFO/OP 105%99%87%125%46%92%168%129%

Free Cash Flow

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow561.00642.00673.00470.00282.00259.00172.00266.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 1817202325241824
Inventory Days 99961171241141209993
Days Payable 140134143161129131110119
Cash Conversion Cycle -24-20-7-1410138-3
Working Capital Days -8-76-113161-5
ROCE %32%29%18%10%8%9%13%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 75.00%75.00%75.00%75.00%51.00%51.00%51.00%51.00%51.00%51.00%51.00%39.76%
FIIs 3.20%3.31%3.49%3.64%6.47%8.93%9.48%9.70%10.72%10.29%11.12%11.89%
DIIs 12.35%12.47%12.93%12.63%33.68%31.30%31.49%30.81%28.11%28.73%28.49%35.55%
Public 9.43%9.23%8.58%8.73%8.84%8.77%8.01%8.48%10.17%9.96%9.39%12.79%
No. of Shareholders 1,26,3611,24,5071,14,2841,18,9841,23,1481,04,43693,11089,3931,02,10996,3961,08,1371,25,869

Shareholding Pattern Chart

No. of Shareholders

Whirlpool of India Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Nippon India Small Cap Fund 7,190,876 0.98 662.896,735,9772026-03-23 04:57:466.75%
SBI Contra Fund 4,040,000 0.76 372.43N/AN/AN/A
Nippon India Multi Cap Fund 1,875,133 0.34 172.86N/AN/AN/A
Kotak Multicap Fund 1,802,308 0.7 166.151,252,3082026-02-23 01:32:3043.92%
Franklin India Small Cap Fund 1,575,000 1.12 145.191,750,0002025-12-15 06:47:30-10%
Aditya Birla Sun Life Large Cap Fund 1,555,540 0.48 143.4N/AN/AN/A
Aditya Birla Sun Life Flexi Cap Fund 1,450,000 0.53 133.67882,5752025-10-30 03:06:2564.29%
HDFC Balanced Advantage Fund 1,430,972 0.12 131.911,311,4182026-02-23 04:29:179.12%
Franklin India Focused Equity Fund 1,350,000 1.03 124.451,154,9152026-01-26 02:56:2816.89%
Aditya Birla Sun Life Focused Fund 1,180,000 1.36 108.78N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 28.3017.1117.2644.6427.73
Diluted EPS (Rs.) 28.3017.1117.2644.6427.73
Cash EPS (Rs.) 45.4034.2632.2755.5437.47
Book Value[Excl.RevalReserv]/Share (Rs.) 311.32302.95289.11275.93225.29
Book Value[Incl.RevalReserv]/Share (Rs.) 311.32302.95289.11275.93225.29
Revenue From Operations / Share (Rs.) 624.21538.33525.55488.42465.03
PBDIT / Share (Rs.) 58.4144.6739.2337.7547.97
PBIT / Share (Rs.) 41.6128.1024.6126.1336.77
PBT / Share (Rs.) 38.6324.2223.4350.4635.56
Net Profit / Share (Rs.) 28.5917.6817.6643.9226.27
NP After MI And SOA / Share (Rs.) 28.3017.1117.2644.6427.73
PBDIT Margin (%) 9.358.297.467.7210.31
PBIT Margin (%) 6.665.214.685.347.90
PBT Margin (%) 6.184.494.4510.337.64
Net Profit Margin (%) 4.583.283.358.995.64
NP After MI And SOA Margin (%) 4.533.173.289.145.96
Return on Networth / Equity (%) 9.085.886.2216.8612.30
Return on Capital Employeed (%) 11.478.157.688.4314.78
Return On Assets (%) 5.293.533.679.956.96
Asset Turnover Ratio (%) 1.231.131.151.191.26
Current Ratio (X) 2.132.282.042.042.09
Quick Ratio (X) 1.521.571.251.301.41
Inventory Turnover Ratio (X) 6.162.822.742.642.66
Dividend Payout Ratio (NP) (%) 17.6729.2228.9611.2018.03
Dividend Payout Ratio (CP) (%) 11.0814.8415.688.8812.84
Earning Retention Ratio (%) 82.3370.7871.0488.8081.97
Cash Earning Retention Ratio (%) 88.9285.1684.3291.1287.16
Interest Coverage Ratio (X) 16.5418.7533.1530.1839.67
Interest Coverage Ratio (Post Tax) (X) 8.949.0515.9215.6622.73
Enterprise Value (Cr.) 10047.4213336.5215129.3718477.0626226.93
EV / Net Operating Revenue (X) 1.271.952.272.984.45
EV / EBITDA (X) 13.5623.5330.4038.5843.10
MarketCap / Net Operating Revenue (X) 1.592.262.503.224.79
Retention Ratios (%) 82.3270.7771.0388.7981.96
Price / BV (X) 3.184.184.735.949.90
Price / Net Operating Revenue (X) 1.592.262.503.224.79
EarningsYield 0.020.010.010.020.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Whirlpool of India Ltd. is a Public Limited Listed company incorporated on 09/07/1960 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L29191PN1960PLC020063 and registration number is 020063. Currently Company is involved in the business activities of Manufacture of domestic electric appliances such as refrigerators, washing machines, vacuum cleaners, mixers, grinders etc.. Company's Total Operating Revenue is Rs. 7420.80 Cr. and Equity Capital is Rs. 126.87 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Consumer ElectronicsPlot No.A-4, MIDC, Pune District Maharashtra 412220Contact not found
Management
NamePosition Held
Mr. Arvind UppalChairman & Ind.Director
Mr. Narasimhan EswarManaging Director
Mr. Anuj LallExecutive Director
Mr. Anil BereraNon Executive Director
Ms. Harita GuptaIndependent Director
Mr. Rahul BhatnagarIndependent Director
Mr. Pradeep Jyoti BanerjeeIndependent Director

FAQ

What is the intrinsic value of Whirlpool of India Ltd and is it undervalued?

As of 22 April 2026, Whirlpool of India Ltd's intrinsic value is ₹458.63, which is 44.74% lower than the current market price of ₹830.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (9.26 %), book value (₹321), dividend yield (0.60 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Whirlpool of India Ltd?

Whirlpool of India Ltd is trading at ₹830.00 as of 22 April 2026, with a FY2026-2027 high of ₹1,474 and low of ₹756. The stock is currently near its 52-week low. Market cap stands at ₹10,534 Cr..

How does Whirlpool of India Ltd's P/E ratio compare to its industry?

Whirlpool of India Ltd has a P/E ratio of 30.2, which is below the industry average of 60.24. This is broadly in line with or below the industry average.

Is Whirlpool of India Ltd financially healthy?

Key indicators for Whirlpool of India Ltd: ROCE of 12.6 % is moderate. Dividend yield is 0.60 %.

Is Whirlpool of India Ltd profitable and how is the profit trend?

Whirlpool of India Ltd reported a net profit of ₹363 Cr in Mar 2025 on revenue of ₹7,919 Cr. Compared to ₹567 Cr in Mar 2022, the net profit shows a declining trend.

Does Whirlpool of India Ltd pay dividends?

Whirlpool of India Ltd has a dividend yield of 0.60 % at the current price of ₹830.00. The company pays dividends, though the yield is modest.

Last Updated: April 2, 2026, 3:56 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 500238 | NSE: WHIRLPOOL
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Whirlpool of India Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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