Whirlpool of India Ltd logo

Whirlpool of India Ltd

WHIRLPOOL NSE

Key Fundamentals

MicrocapHousehold AppliancesConsumer Goods
Market Cap
₹9,927 Cr
Volatility
Moderate
P/E Ratio
38.88
EBITDA
₹452 Cr
Return on Equity
9.09%
Debt to Equity
0.02
Book Value
₹327.94
EPS
₹23.58
52W High
₹1,437
52W Low
₹753.15

Insights

Beta

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

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33 extracted metrics + investor summaries across FY08–FY26.

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Tapetide Score

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

Technical Indicators

Key Insights

Strengths

3
  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 22.8%

Weaknesses

4
  • The company has delivered a poor sales growth of 6.37% over past five years.
  • Company has a low return on equity of 7.82% over last 3 years.
  • Earnings include an other income of Rs.185 Cr.
  • Promoter holding has decreased over last 3 years: -35.2%

Growth Rate

Revenue Growth
-0.94% ↘
Net Income Growth
-22.25% ↘
Cash Flow Change
-6.40% ↘
ROE
55.65% ↗
ROCE
50.65% ↗
EBITDA Margin (Avg.)
-39.93% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 42d ago
AI opinion · based on fundamentals
Risk high

Whirlpool of India trades at a market cap of Rs.10,180 Cr with a PE of 34.7x despite delivering only 1% TTM sales growth and an 11% decline in TTM profits. The company is virtually debt-free but has seen a significant 35.2% decline in promoter holding over three years, while ROE remains modest at around 8%.

Bull Case 7
  • Company is almost debt-free, providing financial flexibility and low interest cost burden
  • Company has reduced debt over recent periods, strengthening the balance sheet
  • Consistent dividend payout of 22.8% signals commitment to returning capital to shareholders
  • Compounded profit growth of 13% over 3 years indicates medium-term earnings recovery
  • Compounded sales CAGR of 6% over 5 years shows steady, if modest, top-line expansion in a competitive market
  • Price-to-book of 2.46x is relatively moderate for a branded consumer discretionary company with strong parentage
  • ROE has remained stable at 8% across 1-year, 3-year, and 5-year periods, indicating consistency in capital efficiency
Bear Case 8
  • Promoter holding has decreased by 35.2% over the last 3 years, a significant reduction signaling potential lack of confidence or strategic change
  • Stock CAGR of -41% over 1 year and -18% over 3 years reflects severe value erosion for shareholders
  • TTM profit growth of -11% shows earnings are currently contracting
  • Low ROE of 7.82% over last 3 years is below cost of equity for most investors
  • Sales growth of only 6.37% over 5 years is poor for a consumer discretionary company in a growing economy
  • Other income of Rs.170 Cr forms a significant portion of earnings, raising questions about core operating profitability
  • PE of 34.7x is elevated relative to single-digit ROE and declining earnings, suggesting stretched valuations
  • 10-year stock CAGR of 0% means long-term shareholders have generated no capital appreciation over a decade

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

AI News Digest

Anthropic anthropic claude-opus-4.6 42d ago
Headwinds 2
  • Tax demand order from Bihar Jul 3

    Whirlpool of India received a tax demand order of INR 15.52 lakh from the Office of Additional Commissioner of State Tax, Bihar for FY 2019-20. Minimal financial impact but signals ongoing compliance scrutiny.

  • Packaging compliance violation fee Jun 10

    Whirlpool paid a one-time compounding fee of ₹50,000 to the Department of Legal Metrology, Andhra Pradesh, for packaging compliance violations.

Positives 1
  • FY26 profit and dividend declared Jun 18

    Whirlpool of India reported consolidated net profit of ₹29,530 lacs for FY26. The board recommended a final dividend of ₹5 per share, signaling confidence in cash flows.

Neutral 2
  • Senior management restructuring Jul 1

    Bharat Gulati resigned as Head-Commercial Finance effective July 14, 2026. Jijesh Gopalan will take over as Vice President-Service from July 15, 2026.

  • Arvind Uppal re-designated as Director Jun 15

    Shareholders approved the re-designation of Arvind Uppal as Non-Executive Non-Independent Director effective May 06, 2026.

TL;DR: Whirlpool of India's recent newsflow is largely routine with no material negative developments. The FY26 net profit of ₹29,530 lacs and ₹5 dividend are modest positives. Regulatory items (tax demand of ₹15.52 lakh, ₹50,000 packaging fee) are negligible in scale. The outlook is steady but lacks strong growth catalysts in the near term.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
2,039
1,522
1,536
1,734
2,497
1,713
1,705
2,005
2,432
1,647
1,774
2,181
2,727
Expenses
1,915
1,448
1,473
1,590
2,286
1,626
1,636
1,822
2,221
1,589
1,683
2,060
2,588
Operating Profit
123
73
63
144
211
87
69
183
211
58
91
121
139
OPM %
6%
4.8%
4.1%
8%
8%
5%
4.1%
9%
9%
3.5%
5%
6%
5%
Other Income
35
34
36
41
51
49
51
47
54
60
3
53
69
Interest
7
6
9
9
10
11
9
14
15
8
10
12
15
Depreciation
52
49
47
62
56
52
51
54
54
52
51
53
54
PBT
99
52
42
114
196
73
59
162
196
58
33
110
139
Tax %
22%
27%
29%
30%
26%
27%
25%
26%
26%
27%
18%
27%
26%
Net Profit
77
38
30
79
145
54
45
119
146
42
27
80
103
EPS in Rs
5.9
2.88
2.21
6.12
11.34
4.1
3.46
9.4
11.49
3.26
2.09
6.32
8.11
Figures in ₹ Crores

Profit & Loss

  Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
4,832
5,398
5,993
5,900
6,197
6,668
6,830
7,919
8,034
8,329
Expenses
4,271
4,755
5,319
5,379
5,781
6,297
6,427
7,369
7,553
7,920
Operating Profit
561
642
673
521
416
371
403
550
481
409
OPM %
12%
12%
11%
9%
7%
6%
6%
7%
6%
4.9%
Other Income
86
107
143
106
398
127
145
198
170
185
Interest
4
9
20
15
16
15
30
45
45
45
Depreciation
102
111
129
142
147
185
210
213
209
210
PBT
541
629
667
470
650
297
307
490
397
339
Tax %
35%
35%
26%
25%
13%
25%
27%
26%
26%
—
Net Profit
351
410
490
352
567
224
224
363
295
252
EPS in Rs
27.64
32.3
38.64
27.73
44.64
17.26
17.11
28.3
23.15
19.78
Div. Payout %
14%
15%
13%
18%
11%
29%
29%
18%
22%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
127
127
127
127
127
127
127
127
127
Reserves
1,669
2,019
2,437
2,731
3,231
3,393
3,562
3,823
4,034
Borrowings
0
0
0
51
134
112
231
284
71
Other Liabilities
1,429
1,566
1,837
2,139
2,142
2,268
2,165
2,489
3,153
Total Liabilities
3,226
3,712
4,400
5,048
5,634
5,900
6,084
6,723
7,384
Fixed Assets
446
508
709
707
1,803
1,917
1,932
1,913
1,960
CWIP
33
43
44
41
76
20
21
49
203
Investments
456
659
567
207
0
0
0
0
0
Other Assets
2,291
2,501
3,080
4,093
3,754
3,963
4,131
4,761
5,221
Total Assets
3,226
3,712
4,400
5,048
5,634
5,900
6,084
6,723
7,384
Figures in ₹ Crores

Cash Flow

  Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
384
402
380
524
98
270
610
571
298
Investing
-415
-262
-72
338
-459
-101
62
61
-2,032
Financing
-46
-62
-87
-75
-89
-101
-117
-307
-212
Net Cash Flow
-77
79
221
786
-450
68
555
325
-1,946
Free Cash Flow
229
216
75
425
-70
90
544
452
37
CFO/OP
105
99
87
125
46
92
168
129
86
Figures in ₹ Crores

Ratios

  Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
18
17
20
23
25
24
18
24
34
Inventory Days
99
96
117
124
114
120
99
93
103
Days Payable
140
134
143
161
129
131
110
119
128
Cash Conversion Cycle
-24
-20
-7
-14
10
13
8
-3
9
Working Capital Days
-8
-7
3
-1
13
16
1
-5
0
ROCE %
—
32%
29%
18%
10%
8%
9%
13%
11%

Shareholding Pattern

As of Jun 2026
Promoters 39.76%
DIIs 34.18%
FIIs 12.48%
Public 10.60%
Others 2.98%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
51.00%
51.00%
51.00%
51.00%
51.00%
51.00%
51.00%
39.76%
39.76%
39.76%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
3.48%
3.64%
6.47%
8.93%
9.48%
9.70%
10.72%
10.29%
11.12%
11.90%
11.47%
12.48%
DIIs
10.44%
10.80%
10.81%
10.98%
11.50%
12.25%
12.17%
12.47%
12.38%
12.49%
12.95%
12.65%
33.70%
31.32%
31.51%
30.82%
28.11%
28.75%
28.50%
35.56%
35.85%
34.18%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
8.50%
8.97%
8.82%
8.03%
8.03%
7.94%
7.74%
7.78%
7.80%
7.69%
7.20%
7.40%
7.36%
7.15%
6.40%
6.60%
7.87%
7.83%
7.52%
9.33%
10.02%
10.60%
Others
6.06%
5.23%
5.37%
5.99%
5.47%
4.81%
5.09%
4.75%
4.82%
4.83%
1.37%
1.31%
1.47%
1.60%
1.60%
1.88%
2.30%
2.13%
1.86%
3.45%
2.89%
2.98%
No. of Shareholders
0
83,103
1,10,077
1,12,130
1,26,060
1,40,140
1,39,624
1,25,584
1,26,361
1,24,507
1,14,284
1,18,984
1,23,148
1,04,436
93,110
89,393
1,02,109
96,396
1,08,137
1,25,869
1,29,025
1,31,028

Documents

Frequently Asked Questions about Whirlpool of India Ltd

What does Whirlpool of India Ltd do?
Whirlpool of India Ltd is one of the leading manufacturers and marketers of major home appliances in the country.[1]
Where is Whirlpool of India Ltd (WHIRLPOOL) listed?
Whirlpool of India Ltd is listed on the Indian stock exchanges. It is listed on NSE: WHIRLPOOL and BSE: 500238. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Whirlpool of India Ltd belong to?
Whirlpool of India Ltd operates in the Consumer Discretionary sector within the Consumer Durables industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Whirlpool of India Ltd?
Whirlpool of India Ltd has a market capitalisation of approximately ₹9927.09 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Whirlpool of India Ltd?
The Price-to-Earnings (PE) ratio of Whirlpool of India Ltd is 38.88. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Whirlpool of India Ltd?
Over the past 52 weeks, Whirlpool of India Ltd has traded between a low of ₹753.15 and a high of ₹1,437. This range helps investors understand the stock's price volatility and recent trading levels.
Does Whirlpool of India Ltd pay dividends?
Yes, Whirlpool of India Ltd has a dividend yield of 0.64%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Whirlpool of India Ltd?
Whirlpool of India Ltd has a Return on Equity (ROE) of 9.09%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Whirlpool of India Ltd on Tapetide?
On Tapetide, you can view Whirlpool of India Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Whirlpool of India Ltd is one of the leading manufacturers and marketers of major home appliances in the country.[1]

Website whirlpoolindia.com
CEO Mr. Narasimhan Eswar
Employees 2,193
Listed 2010-04-06
Face Value ₹ 10
Issued Size 12,68,71,830

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