Whirlpool Of India Limited (WHIRLPOOL) AI Stock Analysis

• Market Cap: ₹115.95B
• Dividend Yield: 0.53%
• Average Volume (3M): 38.74K
• Price to Earnings (P/E): 34.8
• Beta (1Y): 0.88
• Revenue Growth: 4.14%
• EPS Growth: 16.19%
• Country: IN
• Employees: 2,364
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Furnishings, Fixtures & Appliances
• EPS (TTM): 2.55
• Shares Outstanding: 126,871,830
• 10 Day Avg. Volume: 106,473
• 30 Day Avg. Volume: 38,745
• PEG Ratio: 0.57
• Price to Book (P/B): 3.36
• Price to Sales (P/S): 1.68
• P/FCF Ratio: 29.45
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹1,000.00
• Price Target Upside: 14.71% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1
• EPS Forecast (FY): 31.71
• Revenue Forecast (FY): ₹80.92B

• Rating: 56 Neutral
• Price Target: ₹941.00 ▲(7.94% Upside)
• Action: Reiterated Date: 11/28/25
• Date: Action: Reiterated 11/28/25

Whirlpool Of India Limited's overall stock score is primarily influenced by strong financial performance, particularly in revenue growth and operational efficiency. However, bearish technical indicators and a high P/E ratio suggest caution. The company's cash flow challenges and low dividend yield further impact the score, indicating potential risks that investors should consider.

Positive Factors

Strong Balance Sheet

Minimal leverage and a high equity ratio give Whirlpool of India durable financial flexibility to fund capex, product development and seasonal working capital without heavy external borrowing, supporting stability through demand cycles and strategic investments.

Revenue Growth & Gross Margin

Double-digit top-line growth combined with rising gross margins signals improving scale economics and cost or pricing discipline. Sustained revenue expansion with margin improvement supports durable operating leverage and strengthens competitive positioning over months.

Cash Generation & Operating Profitability

Operating cash flow and free cash flow exceed net income while EBIT margin is robust, indicating effective cash conversion and solid operating performance. This underpins the company's ability to self-fund working capital and necessary investments across cycles.

Negative Factors

Declining Free Cash Flow

A 17% drop in free cash flow points to weakening liquidity that can limit discretionary spending. If the decline persists, it constrains capex, product development and shareholder returns, raising reliance on external financing during downturns.

Low Net Profit Margin

Net margin near 4.5% shows limited conversion of sales to bottom-line profit. Thin net profitability reduces retained earnings available for reinvestment and leaves less buffer against cost shocks, constraining long-term return expansion without efficiency gains.

Moderate Return on Equity

ROE around 9% suggests modest returns on shareholder capital versus higher-return peers. This limits organic funding capacity and implies the company must improve margins or asset efficiency to materially lift shareholder returns over the medium term.

Whirlpool Of India Limited Business Overview & Revenue Model

Company Description

Whirlpool of India Limited manufactures and trades in home appliances under the Whirlpool brand in India. It offers refrigerators, washing machines, air conditioners, microwave ovens, and small appliances, as well as air and water purifiers, and water purifier filters. The company also provides washers and dryers, glass door and refrigeration cabinets, ice makers, shock and chest freezers, flatwork and professional ironers, kitchen hoods, hobs, and dishwashers, as well as cleaning and surge protector accessories. It also exports its products to Afghanistan, China, and Sri Lanka; and operates an online store. The company was incorporated in 1960 and is based in Gurugram, India. Whirlpool of India Limited is a subsidiary of Whirlpool Mauritius Limited.

How the Company Makes Money

Whirlpool of India generates revenue through the sale of its diverse range of home appliances. The company’s primary revenue model is based on direct sales to consumers, retailers, and distributors across India. Key revenue streams include the sales of refrigerators, washing machines, and other kitchen appliances, which are marketed under well-established brand names. Additionally, Whirlpool benefits from strategic partnerships with various retail chains and e-commerce platforms, enhancing its distribution reach. The company also focuses on innovation and product development, allowing it to introduce new models and features that attract customers and drive sales. Seasonal promotions and marketing campaigns further contribute to revenue growth, particularly during peak purchase seasons.

Whirlpool Of India Limited Financial Statement Overview

Summary

Whirlpool Of India Limited shows strong revenue growth and operational efficiency, with a solid balance sheet characterized by low leverage. However, cash flow management poses challenges due to declining free cash flow, which needs attention for sustained growth.

Income Statement

Whirlpool Of India Limited has shown a strong revenue growth rate of 15.97% in the latest fiscal year, driven by increased sales. The gross profit margin improved to 34.03%, indicating efficient cost management. However, the net profit margin is relatively low at 4.53%, suggesting challenges in converting revenue into net earnings. The EBIT margin stands at a solid 23.18%, reflecting strong operational performance, although EBITDA margins have decreased, indicating higher depreciation or amortization.

Balance Sheet

The company exhibits a healthy balance sheet with a low debt-to-equity ratio of 0.07, highlighting minimal leverage risk. Return on equity is moderate at 9.09%, showing reasonable profitability relative to shareholders' equity. The equity ratio of 58.28% showcases strong financial stability and low reliance on external financing.

Cash Flow

Whirlpool Of India Limited demonstrates a decline in free cash flow with a negative growth rate of -17.05%, indicating potential liquidity challenges. However, the operating cash flow to net income ratio of 1.59 signifies strong cash generation relative to net income, while the free cash flow to net income ratio is 1.26, suggesting efficient cash flow management despite recent declines.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	78.55B	79.19B	68.30B	66.68B	61.97B	59.00B
Gross Profit	26.66B	26.54B	22.16B	20.46B	20.72B	21.15B
EBITDA	4.99B	4.89B	3.59B	3.56B	4.57B	5.33B
Net Income	3.61B	3.59B	2.17B	2.19B	5.66B	3.52B
Balance Sheet
Total Assets	0.00	67.76B	61.40B	59.59B	56.87B	50.48B
Cash, Cash Equivalents and Short-Term Investments	25.60B	25.60B	22.35B	16.80B	16.15B	20.62B
Total Debt	0.00	2.84B	2.31B	1.12B	1.34B	508.30M
Total Liabilities	-39.90B	27.85B	22.96B	22.91B	21.86B	21.90B
Stockholders Equity	39.90B	39.50B	36.89B	35.20B	33.58B	28.58B
Cash Flow
Free Cash Flow	0.00	4.51B	5.44B	888.50M	-720.20M	4.23B
Operating Cash Flow	0.00	5.71B	6.10B	2.70B	977.70M	5.24B
Investing Cash Flow	0.00	417.80M	617.60M	-1.01B	-4.69B	3.38B
Financing Cash Flow	0.00	-3.07B	-1.17B	-1.01B	-885.70M	-754.30M

Whirlpool Of India Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 871.80
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:WHIRLPOOL, the sentiment is Neutral. The current price of 871.8 is below the 20-day moving average (MA) of 892.98, above the 50-day MA of 868.20, and below the 200-day MA of 1171.24, indicating a neutral trend. The MACD of 16.77 indicates Negative momentum. The RSI at 55.73 is Neutral, neither overbought nor oversold. The STOCH value of 51.75 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:WHIRLPOOL.

Whirlpool Of India Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
VGUARD	67 Neutral	₹136.11B	47.29	―	0.45%	6.34%	-2.25%
IFBIND	63 Neutral	₹43.95B	36.70	―	―	12.08%	28.97%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
BAJAJELEC	57 Neutral	₹41.72B	116.72	―	0.62%	0.80%	-4.31%
CROMPTON	57 Neutral	₹162.62B	35.25	―	1.16%	0.73%	-5.88%
WHIRLPOOL	56 Neutral	₹115.95B	34.85	―	0.53%	4.14%	16.19%

Whirlpool Of India Limited Corporate Events

Whirlpool of India Publishes Errata Notice Ads for Postal Ballot Compliance

Whirlpool of India has notified the stock exchanges that it has published newspaper advertisements in Financial Express and Loksatta on 28 February 2026, in line with Regulation 47 of SEBI’s Listing Obligations and Disclosure Requirements. The advertisements inform shareholders about the dispatch of an errata related to a Postal Ballot Notice, underscoring the company’s emphasis on regulatory compliance and transparent communication with its members.

The communication, signed by the company secretary and compliance officer, is intended for exchange records and evidences Whirlpool of India’s efforts to formally correct or clarify aspects of its earlier postal ballot documentation. This move helps ensure that shareholders have accurate information for decision-making on postal ballot matters and reinforces governance standards expected of a listed entity.

Whirlpool of India Publishes Q3 and Nine-Month FY2025 Financial Results

Whirlpool of India Limited has published its financial results for the quarter and nine months ended December 31, 2025, through newspaper advertisements in the Financial Express and the Pune edition of Loksatta, in line with SEBI disclosure regulations. The company has also made these results available on its website, reinforcing its compliance with listing obligations and ensuring broader access to financial information for investors and other stakeholders.

The disclosure underscores Whirlpool of India’s adherence to regulatory transparency standards across both major Indian stock exchanges where its shares are listed. By using multiple channels to disseminate its quarterly and year-to-date performance data, the company aims to maintain informed engagement with shareholders and the wider market community.

Whirlpool of India to Close Trading Window Ahead of Q3 FY26 Results

Whirlpool of India Limited has announced that its trading window for dealing in the company’s securities will be closed from January 1, 2026, until 48 hours after the declaration of its unaudited financial results for the quarter ended December 31, 2025. The move is in line with the company’s Code of Conduct and SEBI’s Prohibition of Insider Trading Regulations, aiming to prevent trading by insiders who may have access to unpublished price-sensitive information during the results preparation and approval period, thereby reinforcing corporate governance and compliance standards for investors and other stakeholders.