Whirlpool of India (WHIRLPOOL) had a P/E of 41.8× on 6 Nov 2026, above the industry P/E of 30.6×, and the shares are 39% below their 52-week high. It earns ROCE of 9.0% and ROE of 7.2%, and sales and net profit grew 6.4% and 10% a year over 3 years. It has almost no debt, and its dividend yield is 0.6%. It is a small-cap company with a market cap of ₹10,493 Cr, ranked 4th of 54 Furnishings, Fixtures & Appliances companies by market cap; the shares fell 40% over the past year.
- ₹818.95
- ₹832.15
- ₹810.00
- ₹823.10
- 1.6 L
Health check
- ReturnsBehind
−40.1% over a year, better than 1 of 7 peers.
- Price tagPricier
P/E 41.8 vs industry 30.6.
- GrowthSteady
Sales +6.4%, profit +10.3% a year over 3 years.
- ProfitabilityWeak
ROCE 9.0% vs peer median 8.2%.
- Balance sheetFair
Debt 0.09× equity, interest covered 9.9×, Piotroski 4 of 9.
- Red flags4 to check
Return on equity is low at 7.2%.
Small cap
Defensive
Key metrics
- Market cap
- ₹10,493 Cr
- Small cap
- P/E
- 41.8
- Industry 30.6
- Price to book
- 2.52
- Peers 4.21
- Dividend yield
- 0.60%
- ROE
- 7.2%
- Peers 5.8%
- ROCE
- 9.0%
- Peers 8.2%
- Debt to equity
- 0.09
- Debt ₹359 Cr
- EPS (TTM)
- ₹19.78
- Face value ₹10
- OPM (TTM)
- 6.2%
- Net margin 3.0%
- Sales growth
- +12.1%
- Latest quarter vs a year ago
- Profit growth
- −29.4%
- Latest quarter vs a year ago
- Price to sales
- 1.26
- EV/EBITDA 25.1
Strengths and risks
Strengths
- Practically debt-free.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Return on equity is low at 7.2%.
- Quarterly profit down 29.4% on a year ago.
- 39% below its 52-week high.
- Promoter stake down from 51.0% to 39.8%.
About Whirlpool of India
Whirlpool of India Limited manufactures and markets home appliances in India and internationally. It offers refrigerators, washing machines, air conditioners, microwave ovens, air fryer, kitchen, built-in, and small appliances, as well as dishwasher. The company sells its products through Internet. The company was incorporated in 1960 and is headquartered in Gurugram, India. Whirlpool of India Limited operates as a subsidiary of Whirlpool Corporation.
- Headquarters
- Gurugram
- Employees
- 2,076
- Sector
- Consumer Cyclical
- ISIN
- INE716A01013
- Website
- corporate.whirlpool.in
Price range
- Avg volume (3M)
- 13.5 L
- 1-year return
- minus 40.1%
- From 52-week high
- minus 38.8%
Analyst consensus
Next results expected around 10 Nov 2026
Peers · Furnishings, Fixtures & Appliances
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| VOLTASVoltas | 1,099.00 | minus 1.47% | 36,364 | 77.8 | 5.39 | 9.3% | 5.8% | 4.9% | 14.5% | 40.7% | 0.36% | minus 17.9% |
| AMBERAmber Enterprises India | 6,403.00 | minus 2.76% | 22,582 | 236.1 | 5.15 | 7.2% | 5.3% | 7.2% | 20.7% | 4.2% | 0.00% | minus 15.5% |
| CROMPTONCrompton Greaves Consumer Electricals | 215.66 | plus 4.42% | 13,887 | – | 4.59 | −1.5% | −4.4% | 10.3% | 5.6% | – | 1.39% | minus 27.1% |
| WHIRLPOOLWhirlpool of India | 826.70 | plus 0.44% | 10,493 | 41.8 | 2.52 | 9.0% | 7.2% | 6.2% | 6.4% | 10.3% | 0.60% | minus 40.1% |
| TTKPRESTIGTTK Prestige | 608.75 | plus 10.47% | 8,338 | 43.1 | 4.21 | 10.8% | 8.3% | 8.8% | 2.3% | −14.2% | 1.23% | minus 17.6% |
| CELLOCello World | 363.75 | minus 2.27% | 8,204 | 26.4 | 2.91 | 16.1% | 13.0% | 19.9% | 9.2% | 7.6% | 0.41% | minus 41.6% |
| EUREKAFORBEureka Forbes | 366.20 | plus 4.27% | 7,092 | 37.1 | 1.54 | 4.0% | 3.6% | 11.5% | 9.0% | 83.1% | 0.00% | minus 35.1% |
| SFLSheela Foam | 530.60 | plus 0.14% | 5,794 | 23.1 | 1.78 | – | 7.7% | 10.1% | 10.0% | −7.1% | 0.20% | minus 26.1% |
| Median of 7 peers | – | 0.14% | 8,338 | 40.1 | 4.21 | 8.2% | 5.8% | 10.1% | 9.2% | 5.9% | 0.36% | −26.1% |
Quarterly results
| ₹ Cr | Mar 25 | Jun 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 2,005 | 2,432 | 1,774 | 2,181 | 2,727 | |
| – | – | – | +8.8% | +12.1% | |
| 1,822 | 2,221 | 1,683 | 2,060 | 2,588 | |
| 183 | 211 | 90.9 | 121 | 139 | |
| 9.1% | 8.7% | 5.1% | 5.6% | 5.1% | |
| 39.6 | 54.1 | 42.2 | 53.1 | 68.9 | |
| 14.3 | 15.2 | 10.4 | 11.7 | 14.8 | |
| 53.7 | 53.6 | 51.1 | 52.8 | 54.5 | |
| 7 | – | −38.8 | – | – | |
| 162 | 196 | 32.9 | 110 | 139 | |
| 26.1% | 25.6% | 18.1% | 26.7% | 25.9% | |
| 119 | 146 | 26.5 | 80.2 | 103 | |
| – | – | – | minus 32.7% | minus 29.4% | |
| 9.40 | 11.49 | 2.09 | 6.32 | 8.11 |
Profit & loss
- Sales CAGR 3Y
- +6.4%
- Profit CAGR 3Y
- +10.3%
- EPS CAGR 3Y
- +10.3%
- ROE
- 7.2%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 6,664 | 6,829 | 7,918 | 8,033 | |
| – | +2.5% | +16.0% | +1.5% | |
| 6,246 | 6,388 | 7,348 | 7,511 | |
| 418 | 440 | 571 | 522 | |
| 6.3% | 6.4% | 7.2% | 6.5% | |
| 70.8 | 128 | 175 | 148 | |
| 14.7 | 29.7 | 44.2 | 44.8 | |
| 188 | 213 | 217 | 214 | |
| 11.1 | −17.9 | 5.5 | −14.7 | |
| 297 | 307 | 490 | 397 | |
| 24.6% | 27.0% | 26.0% | 25.5% | |
| 219 | 217 | 359 | 294 | |
| – | minus 0.9% | +65.4% | minus 18.2% | |
| 17.26 | 17.11 | 28.30 | 23.15 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 127 | 127 | 127 | 127 | |
| 3,394 | 3,562 | 3,823 | 4,034 | |
| 112 | 231 | 284 | 359 | |
| 2,327 | 2,220 | 2,541 | 2,865 | |
| 5,959 | 6,140 | 6,776 | 7,384 | |
| 947 | 981 | 1,010 | 1,232 | |
| 24.8 | 27.3 | 57.9 | 218 | |
| 20.7 | 23.1 | 18.2 | 26.3 | |
| 1,711 | 2,272 | 2,600 | 2,606 | |
| 3,255 | 2,837 | 3,090 | 3,301 | |
| 5,959 | 6,140 | 6,776 | 7,384 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 270 | 610 | 571 | 298 | |
| −101 | 61.8 | 41.8 | −2,032 | |
| −101 | −117 | −307 | −212 | |
| 67.6 | 555 | 306 | −1,946 | |
| −181 | −66.1 | −120 | −263 | |
| 88.9 | 544 | 451 | 34.6 | |
| −63.4 | −63.4 | −63.4 | −63.4 |
Shareholding pattern
- Promoters39.76%
- Public60.24%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 39.76% | 60.24% | 0.00 | |
| 30 Jun 2026 | 39.76% | 60.24% | 0.00 | |
| 31 Mar 2026 | 39.76% | 60.24% | 0.00 | |
| 31 Dec 2025 | 39.76% | 60.24% | minus 11.24 | |
| 30 Sep 2025 | 51.00% | 49.00% | – |
Major shareholders
Filings & events
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