LG Electronics India Ltd
LG Electronics India Ltd
Consumer GoodsKey Fundamentals
MidcapHousehold AppliancesConsumer GoodsInsights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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45 extracted metrics + investor summaries across FY20–FY26.
Tapetide Score
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Technical Indicators
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 14.8 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
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 5d agoLG Electronics India is a recently listed consumer durables company with a market cap of approximately ₹1,06,798 crore, trading at a PE of 63.5x and 14x book value. The company has a strong ROE track record of 34% over 3 years but reported a TTM profit decline of 23% and modest 1% TTM sales growth, while remaining virtually debt-free.
- Company is almost debt-free, giving it financial flexibility and resilience through economic cycles with near-zero debt-to-equity ratio
- Strong 3-year ROE of 34.2% indicates efficient capital allocation and high profitability relative to shareholder equity
- 5-year ROE of 30% demonstrates consistent long-term ability to generate returns well above cost of capital
- FY24 revenue of ₹21,352 crore grew 7.5% YoY and FY24 net profit of ₹1,511 crore grew 12.3% YoY, showing the company can deliver earnings growth
- 10-year compounded sales growth of 10% reflects a sustained track record of revenue expansion in a large addressable consumer durables market
- Home appliances and air solutions division generated ₹15,681 crore in FY24 revenue, showing dominance in a structural growth category driven by rising Indian incomes and premiumisation
- Market cap of ₹1,06,798 crore and inclusion in Nifty LargeMidcap 250 index provides liquidity and potential passive fund inflows
- TTM profit declined 23%, signalling meaningful near-term earnings pressure despite revenue being roughly flat
- PE ratio of 63.5x is elevated even by consumer durables standards, leaving limited margin of safety if growth disappoints
- Stock trades at 14x book value, far above sector averages, implying significant premium already priced in
- Zero dividend yield despite repeated profitability means shareholders receive no cash return, unusual for a mature consumer goods business
- 5-year compounded sales CAGR of only 10.3% is modest for a consumer company at such a premium valuation
- TTM sales growth has decelerated sharply to just 1%, suggesting potential market share or demand headwinds
- IPO was entirely an offer-for-sale of ₹11,607 crore by the parent LG Electronics Inc, meaning no fresh capital was raised for the Indian business
- Last year ROE declined to 25% from 3-year average of 34%, indicating possible margin compression or capital efficiency deterioration
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 19h ago- FY26 net profit drops 24% Jul 29
LG Electronics India reported a 23.5% YoY drop in net profit to ₹16,851 crore for FY26, despite revenue growth of 1%, signaling margin compression through the full year.
- Q1 profit up 27% to ₹6.5B Aug 14
Q1FY27 net profit rose 27% to ₹6.5 billion from ₹5.1 billion YoY, with revenue growing to ₹72 billion and EBITDA margins expanding to 12.50% from 11.44%.
- ₹1,305 Cr tax additions deleted Jul 30
ITAT deleted ₹1,305 crore in tax additions across five financial years, citing APA and merits, removing a significant contingent liability.
- Production ramped for festival season Aug 14
LG Electronics India increased production output ahead of the festival season, reflecting resilient consumer demand despite price increases.
- Voluntary BRSR filing for FY26 Jul 29
LG Electronics India voluntarily filed its Business Responsibility and Sustainability Report for FY 2025-26, signaling proactive ESG governance ahead of mandatory requirements.
- Investor meets Aug 17–Sep 3 Aug 12
LG Electronics India scheduled analyst and institutional investor meetings from August 17 to September 3, 2026, covering publicly available information.
- Deloitte appointed auditor for 5 years Jul 21
Deloitte Haskins & Sells LLP appointed as statutory auditors for five years at ₹1.68 crore annually, ratified at the 29th AGM on August 21, 2026.
- Q1FY27 earnings call on Aug 14 Aug 6
LG Electronics India hosted an earnings conference call on August 14, 2026 to discuss unaudited Q1 results for the quarter ended June 30, 2026.
TL;DR: LG Electronics India is showing a strong recovery in Q1FY27 with 27% profit growth and margin expansion after a difficult FY26 that saw a 24% profit decline. The ₹1,305 crore tax relief and robust festival season demand provide near-term tailwinds. The key risk is whether the full-year margin recovery sustains beyond Q1. The trend appears to be improving, with operational efficiency gains and resilient consumer demand supporting a turnaround narrative.
Quarterly Results
| Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 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 |
Profit & Loss
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 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% | — |
Balance Sheet
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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 |
Cash Flow
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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 |
Ratios
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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% |
Documents
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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.