LG Electronics logo

LG Electronics

LGEINDIA NSE

Key Fundamentals

LargecapHousehold AppliancesConsumer Goods
Market Cap
1.2L Cr
Volatility
Moderate
P/E Ratio
64.03
EBITDA
₹2,736 Cr
Return on Equity
21.98%
Debt to Equity
0.06
Book Value
₹112.93
52W High
₹1,755
52W Low
₹1,304.1

Tapetide Score

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

Key Insights

Strengths

2
  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 34.2%

Weaknesses

3
  • Stock is trading at 15.2 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 10.3% over past five years.

Growth Rate

Revenue Growth
1.23% lower than 3Y
Net Income Growth
-23.52% lower than 3Y
Cash Flow Change
4.07% higher than 3Y
ROE
-40.45% lower than 3Y
ROCE
-38.89% higher than 3Y
EBITDA Margin (Avg.)
-19.93% lower than 3Y

AI Analysis — Bull vs Bear

5d ago
AI opinion · based on fundamentals
Risk medium

LG Electronics India has a market capitalisation of about Rs 1,14,787 crore and trades at 63.2x earnings and 15.03x book value. Its ROE averaged 34% over 3 years but fell to 25% last year. TTM profit growth is -10% against 6% sales growth, and FY26 profit dropped to roughly Rs 1,685 crore from about Rs 2,204 crore in FY25. The most recently reported quarter was stronger, with revenue up 15.5% and PAT up 27.2% as the EBITDA margin widened by 106 bps to 12.5%.

Bull Case 7
  • Returns on capital have been high: 3-year average ROE is 34% and 5-year average ROE is 30%. Even last year's lower figure of 25% is well above typical cost-of-equity levels.
  • The company is almost debt-free. That leaves room to fund capacity expansion and working capital internally, without leverage risk.
  • The latest reported quarter was the company's strongest growth quarter since listing. Revenue grew 15.5% YoY, PAT grew 27.2%, and EBITDA margin rose 106 bps to 12.5%, which suggests a possible recovery in earnings.
  • Q4 FY26 revenue was Rs 8,054 crore, the highest quarterly revenue in the company's history and 8% above Rs 7,448 crore in Q4 FY25. The EBITDA margin for that quarter was 11.7%.
  • Sales have compounded at 10% over 5 years and 7% over 3 years. This points to steady demand for its consumer durables across cycles.
  • PAT rose about 672% sequentially, from Rs 90 crore in Q3 FY26 to Rs 693 crore in Q4 FY26. This shows strong operating leverage in peak seasonal quarters, which are driven by cooling products.
  • The company paid no dividend (0% yield) while generating 25% or higher ROE. That means all earnings are being retained for reinvestment, which can compound book value if returns stay high.
Bear Case 8
  • The valuation is demanding: 63.2x P/E and 15.03x P/B at a market cap of about Rs 1,14,787 crore. This leaves little room for error if earnings disappoint.
  • TTM profit growth is -10% against 6% sales growth. FY26 PAT fell to about Rs 1,685 crore (Rs 992 crore for 9M plus Rs 693 crore in Q4) from about Rs 2,204 crore in FY25, a decline of roughly 24%.
  • Q3 FY26 profit fell 61% YoY to Rs 90 crore, and revenue for the quarter fell 6%. This exposes how much earnings swing with the season and with demand.
  • Profit growth over 5 years is just 2% CAGR, well below the 10% sales CAGR. This implies margins have compressed over time.
  • ROE dropped from a 3-year average of 34% to 25% last year. That is a decline of about 9 percentage points in capital efficiency.
  • Q4 FY26 net profit fell 8% YoY, to Rs 693 crore from Rs 755 crore, even though revenue grew 8%. Rising costs are eating into margins.
  • The dividend yield is 0% despite consistent profits. Shareholders receive no cash returns, and the parent-controlled capital allocation may favour other priorities.
  • 9M FY26 revenue of Rs 16,551 crore was below Rs 16,918 crore in 9M FY25, a decline of about 2%. Top-line growth outside peak quarters looks sluggish.

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

AI News Digest

22h ago
Headwinds 1
  • OLED import duty probe Sep 23

    Indian officials say a 15% duty is owed on OLED display parts, not the 5% rate that was applied, in a probe into alleged tariff underreporting on high-end TV display imports by LG Electronics and Samsung. If upheld, this could bring back-duty demands, possible penalties and higher input costs for premium TVs.

Positives 3
  • Enters chest freezer market Sep 17

    LG Electronics India launched convertible chest freezers for commercial and home use, with 5-star BEE ratings and a temperature range of -31C to +10C. This opens a new product category, including B2B commercial demand.

  • 15 new semi-automatic washers Sep 22

    LG launched 15 new semi-automatic washing machine models from 8 kg to 12 kg, aimed at value-segment buyers. Exports of the range are scheduled to begin in 2027.

  • Wins top HR awards Sep 17

    LG Electronics India won Top Organisation with Innovative HR Practices at the 25th Asia Pacific HRM Congress, and its CHO won the Most Impactful HR Leader Award. The awards help its reputation but are unlikely to move the stock.

Neutral 2
  • London, Hong Kong investor meets Sep 8

    LG scheduled group and one-on-one investor meetings in London and Hong Kong from Sep 15 to 23, 2026, organised by HSBC, CITIC CLSA and Bank of America. Only publicly available information will be discussed, with no UPSI shared, as disclosed under SEBI Regulation 30.

  • Senior manager Yoojae Kim exits Sep 3

    LG Electronics India accepted the resignation of Yoojae Kim as Senior Management Personnel, effective Aug 12, 2026, after he moved back to Korea. This looks like a routine parent-company rotation.

TL;DR: LG Electronics India is widening its range, entering chest freezers and adding 15 semi-automatic washing machine models with exports planned from 2027, while meeting global institutional investors. The main risk is the customs dispute over whether OLED display parts owe 15% duty instead of 5%, which could mean back-duty demands, penalties and pressure on premium TV margins. Operations look healthy, but the duty probe adds regulatory risk. Watch for any demand notice amount and the company's response to judge how much margin is at stake.

Quarterly Results

Particulars Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
6,114
4,396
7,448
6,263
6,174
4,114
8,054
7,233
Expenses
5,357
4,055
6,400
5,547
5,626
3,918
7,108
6,329
Operating Profit
757
340
1,048
716
548
196
945
904
OPM %
12%
8%
14%
11%
9%
4.8%
12%
12%
Other Income
67
79
67
74
80
76
101
95
Interest
7
9
9
8
9
9
14
9
Depreciation
97
90
97
90
93
111
102
112
PBT
720
321
1,010
692
525
152
931
878
Tax %
26%
27%
25%
26%
26%
41%
26%
26%
Net Profit
536
233
755
513
389
90
693
653
EPS in Rs
—
3.44
11.12
7.56
5.74
1.32
10.21
9.62
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
15,710
15,087
16,834
19,865
21,352
24,367
24,605
25,575
Expenses
13,241
12,732
15,124
17,963
19,123
21,252
22,192
22,982
Operating Profit
2,469
2,355
1,711
1,901
2,229
3,115
2,413
2,593
OPM %
16%
16%
10%
10%
10%
13%
10%
10%
Other Income
300
33
173
241
205
264
328
351
Interest
6
20
24
25
32
35
45
41
Depreciation
242
244
258
300
364
380
396
418
PBT
2,521
2,124
1,601
1,817
2,037
2,963
2,300
2,486
Tax %
26%
28%
27%
26%
26%
26%
27%
—
Net Profit
1,854
1,529
1,175
1,345
1,511
2,203
1,685
1,825
EPS in Rs
—
—
—
—
—
32.46
24.83
26.89
Div. Payout %
0%
87%
193%
185%
138%
0%
0%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
113
113
113
113
113
679
679
Reserves
6,279
6,473
5,388
4,243
3,659
5,291
6,987
Borrowings
0
0
0
318
370
428
459
Other Liabilities
2,810
4,472
3,918
4,321
4,356
5,119
5,512
Total Liabilities
9,202
11,059
9,419
8,995
8,498
11,517
13,636
Fixed Assets
835
1,049
1,048
1,343
1,319
1,329
1,560
CWIP
85
34
103
25
24
75
458
Investments
0
0
0
0
0
0
0
Other Assets
8,282
9,976
8,269
7,628
7,155
10,113
11,618
Total Assets
9,202
11,059
9,419
8,995
8,498
11,517
13,636
Figures in ₹ Crores

Cash Flow

Particulars Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
—
2,043
598
1,871
1,665
1,654
1,721
Investing
—
30
-73
-274
-20
-29
-859
Financing
—
-1,373
-2,326
-2,561
-2,185
-106
-127
Net Cash Flow
—
700
-1,801
-964
-540
1,519
735
Free Cash Flow
—
1,868
328
1,357
1,425
1,319
549
CFO/OP
—
111
58
122
100
77
97
Figures in ₹ Crores

Ratios

Particulars Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
12
26
30
28
31
35
42
Inventory Days
80
99
75
69
59
67
63
Days Payable
76
125
80
80
73
74
75
Cash Conversion Cycle
16
0
24
17
17
28
30
Working Capital Days
11
-1
12
4
4
14
16
ROCE %
—
35%
27%
36%
47%
57%
32%

Insights

Beta

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

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45 extracted metrics + investor summaries across FY20–FY27.

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Shareholding Pattern

Others0.50%Promot.85.00%FIIs3.13%Public3.54%DIIs7.84%As ofJun 2026

Documents

Frequently Asked Questions about LG Electronics

What does LG Electronics India Ltd do?
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 o...
Where is LG Electronics India Ltd (LGEINDIA) listed?
LG Electronics India Ltd trades as LGEINDIA on the NSE and under code 544576 on the BSE.
Which sector does LG Electronics India Ltd belong to?
LG Electronics India Ltd is classified under the Consumer Goods sector, in the Household Appliances industry.
What is the market capitalisation of LG Electronics India Ltd?
LG Electronics India Ltd has a market capitalisation of ₹1,16,477 Cr, which places it in the Large Cap band.
What is the PE ratio of LG Electronics India Ltd?
LG Electronics India Ltd trades at a PE ratio of 64.03, against a book value of ₹112.93 per share.
What is the 52-week high and low of LG Electronics India Ltd?
Over the last 52 weeks LG Electronics India Ltd has traded between ₹1,304.1 and ₹1,755.
What is the Return on Equity (ROE) of LG Electronics India Ltd?
LG Electronics India Ltd reported a return on equity of 21.98%. Its debt-to-equity ratio is 0.06.

Company Information

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.

Website lg.com.in
Listed 2025-10-14
Face Value ₹ 10
Issued Size 67,87,72,392

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