Whirlpool of India Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹10,433 Cr
- P/E
- 38.26
- ROE
- 7.71%
- PEG
- 3.05
- Price to sales
- 1.27
- Debt to equity
- 0.09
- 52W high / low
- ₹1,421 / ₹718
- Sales growth (5Y)
- 6.37%
- EBITDA margin
- 4.91%
- Net profit margin
- 3.91%
- Promoter holding
- 39.76%
- Sales (last year)
- ₹8,329 Cr
Whirlpool of India Ltd is one of the leading manufacturers and marketers of major home appliances in the country.[1]
Guidance scorecard · Q1 FY27 call
What Whirlpool of India Ltd's management guided
and where it ranks in Consumer Durables
Consumer Durables
RevenueQ1 FY27 call
10–20%- Whirlpool India aims for strong growth well above 10-20%.
- Growth strategy is "responsible growth," focusing on calibrated volume increases without overproduction or excessive inventory, especially in ACs.
- AC business is expected to grow healthily with improved absolute margin per unit year-on-year, targeting better than 10-20% growth, avoiding risky massive growth spikes.
- New product launches, including large-size refrigerators and innovations in washing machines, support future volume and revenue growth.
- Growth is supported by gains in market share across core product categories.
2 more points from Whirlpool of India Ltd's call on revenue
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MarginsQ1 FY27 call
Down 0–2%See what Whirlpool of India Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- Whirlpool of India is focused on capital allocation toward projects with the right financial returns rather than fixed budgets.
- Current capex run-rate is about INR 100+ crores annually, directed at innovations, new products, and automation.
- No immediate large capacity capex planned for the short term (next 6-12 months); current plant utilization is around 70-75%.
- Front load washer capacity is sufficient currently, with no urgent expansion needed; existing plants have room for volume growth without new shifts.
FundraisingQ1 FY27 call
See what Whirlpool of India Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
Ask what Whirlpool of India Ltd said on the order book →
Full Q1 FY27 analysisRanges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Consumer Durables
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Consumer Durables companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹166 Cr | 20.3 | |
| 2 | 40%+ | Up 2%+ | ₹100 Cr | 12.7 | |
| 3 | 40%+ | Up 0–2% | ₹3,249 Cr | 17.4 | |
| 4 | 40%+ | Up 0–2% | ₹2,081 Cr | 18.8 | |
| 5 | 40%+ | Flat | ₹2,429 Cr | 41.1 | |
| 6 | 40%+ | Flat | ₹2,163 Cr | 25.6 |
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Pro shows every company guiding 40%+ revenue growth →Full Consumer Durables rankingFinancials of Whirlpool of India Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Whirlpool of India Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 1,673 | 2,039 | 1,522 | 1,536 | 1,734 | 2,497 | 1,713 | 1,705 | 2,005 | 2,432 | 1,647 | 1,774 | 2,181 |
| Expenses + | 1,567 | 1,915 | 1,448 | 1,473 | 1,590 | 2,286 | 1,626 | 1,636 | 1,822 | 2,221 | 1,589 | 1,683 | 2,060 |
| Operating Profit | 106 | 123 | 73 | 63 | 144 | 211 | 87 | 69 | 183 | 211 | 58 | 91 | 121 |
| OPM % | 6% | 6% | 5% | 4% | 8% | 8% | 5% | 4% | 9% | 9% | 4% | 5% | 6% |
| Other Income + | 32 | 35 | 34 | 36 | 41 | 51 | 49 | 51 | 47 | 54 | 60 | 3 | 53 |
| Interest | 6 | 7 | 6 | 9 | 9 | 10 | 11 | 9 | 14 | 15 | 8 | 10 | 12 |
| Depreciation | 52 | 52 | 49 | 47 | 62 | 56 | 52 | 51 | 54 | 54 | 52 | 51 | 53 |
| Profit before tax | 80 | 99 | 52 | 42 | 114 | 196 | 73 | 59 | 162 | 196 | 58 | 33 | 110 |
| Tax % | 20% | 22% | 27% | 29% | 30% | 26% | 27% | 25% | 26% | 26% | 27% | 18% | 27% |
| Net Profit + | 64 | 77 | 38 | 30 | 79 | 145 | 54 | 45 | 119 | 146 | 42 | 27 | 80 |
| EPS in Rs | 4.94 | 5.90 | 2.88 | 2.21 | 6.12 | 11.34 | 4.10 | 3.46 | 9.40 | 11.49 | 3.26 | 2.09 | 6.32 |
Financials of Whirlpool of India Ltd
Profit & Loss
Annual income statement trend
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Sales + | 4,832 | 5,398 | 5,993 | 5,900 | 6,197 | 6,668 | 6,830 | 7,919 | 8,034 |
| Expenses + | 4,271 | 4,755 | 5,319 | 5,379 | 5,781 | 6,297 | 6,427 | 7,369 | 7,553 |
| Operating Profit | 561 | 642 | 673 | 521 | 416 | 371 | 403 | 550 | 481 |
| OPM % | 12% | 12% | 11% | 9% | 7% | 6% | 6% | 7% | 6% |
| Other Income + | 86 | 107 | 143 | 106 | 398 | 127 | 145 | 198 | 170 |
| Interest | 4 | 9 | 20 | 15 | 16 | 15 | 30 | 45 | 45 |
| Depreciation | 102 | 111 | 129 | 142 | 147 | 185 | 210 | 213 | 209 |
| Profit before tax | 541 | 629 | 667 | 470 | 650 | 297 | 307 | 490 | 397 |
| Tax % | 35% | 35% | 26% | 25% | 13% | 25% | 27% | 26% | 26% |
| Net Profit + | 351 | 410 | 490 | 352 | 567 | 224 | 224 | 363 | 295 |
| EPS in Rs | 27.64 | 32.30 | 38.64 | 27.73 | 44.64 | 17.26 | 17.11 | 28.30 | 23.15 |
| Dividend Payout % | 14% | 15% | 13% | 18% | 11% | 29% | 29% | 18% | 22% |
Financials of Whirlpool of India Ltd
Balance Sheet
Capital structure and asset base
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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 |
Financials of Whirlpool of India Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 384 | 402 | 380 | 524 | 98 | 270 | 610 | 571 | 298 |
| Cash from Investing Activity + | -415 | -262 | -72 | 338 | -459 | -101 | 62 | 61 | -2,032 |
| Cash from Financing Activity + | -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% |
Financials of Whirlpool of India Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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% |
Guidance history
How Whirlpool of India Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 10–20% | Down 0–2% | Planned | — | — |
| Q4 FY26 call → | 10–20% | Down 0–2% | Planned | — | — |
| Q3 FY26 call → | 10–20% | Down 0–2% | Planned | — | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
14 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −41.7% | 10% |
| Last 6 months | −16.6% | 25% |
| Last 3 months | +2.0% | 67% |
The price is 69.3% below its all-time high of ₹2,674.75 (22 Jan 2021). Stocks more than 20% below their peak have their score halved, so 27 became 14.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Whirlpool of India Ltd: 0.4 × 10 + 0.4 × 25 + 0.2 × 67 = 27, halved to 14 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Whirlpool of India Ltd's management said in earlier quarters
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