Whirlpool of India Ltd

NSE: WHIRLPOOL

₹838.85

−₹8.25 (−0.97%)

NSE · 15 Oct 2026, close

NSE

Market Cap

₹10,362 Cr

CMP

₹838.85

52-wk High / Low

₹1,437 / 706

P/E

38.0

P/B

2.5

Book Value

₹328.0

Div Yield

0.61%

ROCE

11.0%

ROE

7.7%

Face Value

₹10

D/E

0.09

Piotroski F-Score

4

/ 9

4 of 9 F-score tests passed

Graham Number

₹413

√(22.5 × EPS × book value per share)

ROIC

4.5%

vs 12.3% sector median

Cash flow to profit

1.01

CFO / PAT

Above 1.0 = operating cash flow exceeded reported profit

Margin change

−358

bps OPM YoY

Operating margin vs the same quarter last year

Sustainable growth

5.9%

ROE × earnings retention ratio

ROE stability

4.0

pp σ

Standard deviation of ROE across periods. Lower = more stable

Holder deltas

QoQ

pp

Prom +0.00FII +1.02DII −1.67

Latest quarter vs the previous one

Cash-accrual divergence

−0.0%

of assets

Low = accruals track cash flow

Strengths

+Price trades above its 200-day moving average (1.0x)

+FII holding rose by 9.3pp over the last year

+PE of 38x is below the sector median of 38.5x

Watch-outs

−Latest ROCE of 11% trails the sector median of 19%

−Price is 41.6% below its 52-week high

−Promoter holding fell by 35.2pp over the last year

	Name	P/E	Mar Cap ₹ Cr	ROCE %	ROE %

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 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 %	6.0%	4.8%	4.1%	8.3%	8.5%	5.1%	4.0%	9.1%	8.7%	3.5%	5.1%	5.5%	5.1%
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
Profit before tax	99	52	42	114	196	73	59	162	196	58	33	110	139
Net Profit	77	38	30	79	145	54	45	119	146	42	27	80	103
EPS (₹)	5.90	2.88	2.21	6.12	11.34	4.10	3.46	9.40	11.49	3.26	2.09	6.32	8.11

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
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 %	11.6%	11.9%	11.2%	8.8%	6.7%	5.6%	5.9%	6.9%	6.0%	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
Profit before tax	541	629	667	470	650	297	307	490	397	339
Net Profit	351	410	490	352	567	224	224	363	295	252
EPS (₹)	27.64	32.30	38.64	27.73	44.64	17.26	17.11	28.30	23.15	19.78

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Jun 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	359	—
Other Liabilities	1,429	1,566	1,837	2,139	2,142	2,268	2,165	2,489	2,816	—
Total Liabilities	3,226	3,712	4,400	5,048	5,634	5,900	6,084	6,723	7,335	—
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	5,172	—
Total Assets	3,226	3,712	4,400	5,048	5,634	5,900	6,084	6,723	7,335	—

	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	−2,029
Cash from Financing Activity	−46	−62	−87	−75	−89	−101	−117	−307	−212
Net Cash Flow	−77	79	221	786	−450	68	555	325	−1,943

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
ROCE %	—	32.0	29.0	18.0	10.0	8.0	9.0	13.0	11.0
ROE %	—	—	—	—	—	—	—	—	7.7
EPS (₹)	27.64	32.30	38.64	27.73	44.64	17.26	17.11	28.30	23.15
Book Value (₹)	—	—	—	—	—	—	—	—	328.0
Face Value (₹)	—	—	—	—	—	—	—	—	10
P/E	—	—	—	—	—	—	—	—	38.0
Div Yield %	—	—	—	—	—	—	—	—	0.61
NPM %	7.1	7.4	8.0	5.9	8.6	3.3	3.2	4.5	3.6
OPM %	12.0	12.0	11.0	9.0	7.0	6.0	6.0	7.0	6.0
D/E	0.00	0.00	0.00	0.02	0.04	0.03	0.06	0.07	0.09
P/B	—	—	—	—	—	—	—	—	2.5

Compounded sales growth

5 years+6.0%

3 years+6.0%

TTM+6.0%

Compounded profit growth

5 years−2.0%

3 years+13.0%

TTM−23.0%

Stock price CAGR

10 years−3.0%

5 years−20.0%

3 years−22.0%

Last year−30.0%

Return on equity

5 years8.0%

3 years8.0%

Last year8.0%

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Promoters	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	51.00%	51.00%	39.76%	39.76%
FIIs	6.50%	6.50%	4.57%	4.77%	3.78%	3.38%	2.84%	3.20%	6.47%	10.72%	11.46%	12.48%
DIIs	8.42%	8.42%	9.90%	9.39%	10.60%	11.01%	11.91%	12.35%	33.68%	28.11%	35.85%	34.18%
Government	—	—	—	—	—	—	—	—	—	—	—	—
Public	10.07%	10.07%	10.53%	10.84%	10.62%	10.61%	10.25%	9.43%	8.84%	10.17%	12.93%	13.58%
No. of shareholders	38,310	38,310	40,266	49,773	61,158	83,103	1,40,140	1,26,361	1,23,148	1,02,109	1,29,025	1,31,028

Change since Jun 2023 (pp)

Promoters −35.24FIIs +5.98DIIs +25.76Public +3.51

28 Aug 2026DIVIDENDDividend - Rs 5 Per Share—

29 Aug 2025DIVIDENDDividend - Rs 5 Per Share—

26 Jul 2024DIVIDENDDividend - Rs 5 Per Share—

18 Aug 2023DIVIDENDAnnual General Meeting/Dividend - Rs 5 Per Share—

28 Jun 2022DIVIDENDAnnual General Meeting/Dividend - Rs 5 Per Share—

29 Jul 2021DIVIDEND Annual General Meeting/Dividend - Rs 5 Per Share—

6 Aug 2020DIVIDEND Annual General Meeting/Dividend - Rs 5 Per Share—

5 Aug 2019DIVIDEND Annual General Meeting/Dividend Rs 5 Per Share—

6 Sep 2018DIVIDEND Annual General Meeting / Dividend- Rs 4 Per Share—

8 Sep 2017DIVIDEND Annual General Meeting/Dividend - Rs 3/- Per Share—

Whirlpool of India Ltd

Price−28.3% over 1Y

āagman read

Peer comparison

Quarterly results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Growth

Shareholding pattern

Documents

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