MarketFriction

Whirlpool of India Ltd

NSE WHIRLPOOL · BSE 500238 · Household Appliances
₹861.65 -3.21%
NSE close2026-10-01
52 week range706.00 - 1,437.00
Market cap₹11,269 Cr.
P/E41.3
Nifty 500Smallcap 250Nifty Consumer Durables ASM short-term Price band 20% Delivery 24.1%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1,5221,5361,7342,4971,7131,7052,0052,4321,6471,7742,1812,727
Expenses1,4481,4731,5902,2861,6261,6361,8222,2211,5891,6832,0602,588
Operating Profit736314421187691832115891121139
OPM %4.8%4.1%8%8%5%4.1%9%9%3.5%5%6%5%
Other Income34364151495147546035369
Interest6991011914158101215
Depreciation494762565251545452515354
Profit before tax524211419673591621965833110139
Tax %27%29%30%26%27%25%26%26%27%18%27%26%
Net Profit3830791455445119146422780103
EPS in Rs2.882.216.1211.344.103.469.4011.493.262.096.328.11
Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales4,8325,3985,9935,9006,1976,6686,8307,9198,0348,329
Expenses4,2714,7555,3195,3795,7816,2976,4277,3697,5537,920
Operating Profit561642673521416371403550481409
OPM %12%12%11%9%7%6%6%7%6%4.9%
Other Income86107143106398127145198170185
Interest492015161530454545
Depreciation102111129142147185210213209210
Profit before tax541629667470650297307490397339
Tax %35%35%26%25%13%25%27%26%26%
Net Profit351410490352567224224363295252
EPS in Rs27.6432.3038.6427.7344.6417.2617.1128.3023.1519.78
Dividend Payout %14%15%13%18%11%29%29%18%22%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth%6%6%6%
Compounded Profit Growth%-2%13%-23%
Stock Price CAGR-1%-17%-18%-25%
Return on Equity%8%8%8%
Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital127127127127127127127127127
Reserves1,6692,0192,4372,7313,2313,3933,5623,8234,034
Borrowings00051134112231284359
Other Liabilities1,4291,5661,8372,1392,1422,2682,1652,4892,816
Total Liabilities3,2263,7124,4005,0485,6345,9006,0846,7237,335
Fixed Assets4465087097071,8031,9171,9321,9131,960
CWIP3343444176202149203
Investments45665956720700000
Other Assets2,2912,5013,0804,0933,7543,9634,1314,7615,172
Total Assets3,2263,7124,4005,0485,6345,9006,0846,7237,335
Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity38440238052498270610571298
Cash from Investing Activity-415-262-72338-459-1016261-2,029
Cash from Financing Activity-46-62-87-75-89-101-117-307-212
Net Cash Flow-7779221786-45068555325-1,943
Free Cash Flow22921675425-709054445237
CFO/OP105%99%87%125%46%92%168%129%86%
Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days181720232524182434
Inventory Days99961171241141209993103
Days Payable140134143161129131110119128
Cash Conversion Cycle-24-20-7-1410138-39
Working Capital Days-8-73-113161-50
ROCE %32%29%18%10%8%9%13%11%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters75.00%75.00%51.00%51.00%51.00%51.00%51.00%51.00%51.00%39.76%39.76%39.76%
FIIs3.49%3.64%6.47%8.93%9.48%9.70%10.72%10.29%11.12%11.89%11.46%12.48%
DIIs12.93%12.63%33.68%31.30%31.49%30.81%28.11%28.73%28.49%35.55%35.85%34.18%
Public8.58%8.73%8.84%8.77%8.01%8.48%10.17%9.96%9.39%12.79%12.93%13.58%
No. of Shareholders1,14,2841,18,9841,23,1481,04,43693,11089,3931,02,10996,3961,08,1371,25,8691,29,0251,31,028

Fundamentals

Market Cap₹ 11,269 Cr.
Current Price₹ 888
Stock P/E41.3
Book Value₹ 328
ROCE10.7 %
ROE7.71 %
Dividend Yield0.56 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)6%
Compounded Profit Growth (TTM)-23%
Consolidated figures.
Valuation
Market capRs 10,932 Cr
Enterprise valueRs 8,656 Cr
P/E (TTM)43.57x
Price to book2.77x
Price to sales1.31x
EV / EBITDA14.57x
EV / EBIT22.54x
EV / sales1.04x
Price to cash flow19.14x
Earnings yield2.30%
Dividend yield0.58%
P/E, 3-year average60.85x
P/B, 3-year average4.04x
P/E, 5-year average59.62x
P/B, 5-year average5.59x
Profitability
Operating margin (excl. other income)6.95%
Operating margin (incl. other income)9.45%
EBITDA margin7.13%
Pre-tax margin4.07%
Net profit margin3.01%
Net margin, latest quarter3.77%
ROE9.40%
ROCE13.12%
ROA5.61%
ROE, 3-year average7.26%
ROCE, 3-year average10.28%
ROA, 3-year average4.34%
ROE, 5-year average10.60%
ROCE, 5-year average13.87%
ROA, 5-year average6.22%
ROIC (approx.)16.97%
Tax rate25.98%
Other income / net worth5.01%
Growth
Sales growth (latest year)15.95%
Profit growth (latest year)65.41%
Sales CAGR, 3 years8.52%
Sales CAGR, 5 years5.73%
Profit CAGR, 3 years-14.10%
Profit CAGR, 5 years-6.04%
Sales growth QoQ25.04%
Profit growth QoQ28.28%
Sales growth YoY (latest quarter)12.10%
Profit growth YoY (latest quarter)-29.40%
Per share
EPS (TTM)Rs 19.78
EPS (latest year)Rs 28.30
EPS (latest quarter)Rs 8.11
EPS, 3-year averageRs 20.89
EPS, 5-year averageRs 27.01
Book value per shareRs 311.32
Sales per shareRs 656.47
Cash flow per shareRs 45.01
Free cash flow per shareRs 2.92
Dividend per share (latest year)Rs 5.00
Dividend per share, 3-year averageRs 5.00
Dividend per share, 5-year averageRs 5.00
Dividends
Dividend payout17.67%
Dividend payout, 3-year average25.29%
Dividend payout, 5-year average21.02%
Efficiency
Asset turnover1.18x
Fixed asset turnover4.14x
Inventory turnover4.07x
Inventory days90 days
Debtor days24 days
Debtors turnover15.52x
Creditor days128 days
Cash conversion cycle9 days
Working capital days0 days
Leverage
Total debtRs 284 Cr
Cash and bankRs 2,560 Cr
Net debtRs -2,275 Cr
Debt to equity0.07x
Net debt / EBITDA-3.83x
Interest coverage8.53x
Current ratio (filing 2026-03-31)2.03x
Quick ratio (filing 2026-03-31)1.43x
Trade payables (filing 2026-03-31)Rs 1,873 Cr
Owners' fund to total sources58.75%
Debt to assets4.23%
Cash flow
Cash from Operating Activity (latest year)Rs 571 Cr
Cash from Investing Activity (latest year)Rs 61 Cr
Cash from Financing Activity (latest year)Rs -307 Cr
Net Cash Flow (latest year)Rs 325 Cr
Free cash flow (latest year)Rs 37 Cr
FCFE (approx.: FCF + change in debt)Rs 90 Cr
Cash from ops / profit, 5 years1.10x
Sales to cash flow13.87x
Statement figures
Net sales (TTM)Rs 8,329 Cr
Net sales (latest year)Rs 7,919 Cr
Sales (latest quarter)Rs 2,727 Cr
Operating profit excl. other income (latest year)Rs 550 Cr
Operating profit (latest quarter)Rs 139 Cr
Other income (TTM)Rs 185 Cr
EBITDA (TTM)Rs 594 Cr
PBDT (TTM)Rs 549 Cr
Profit before tax (TTM)Rs 339 Cr
Tax (latest year)Rs 127 Cr
Net profit (TTM)Rs 251 Cr
Net profit (latest year)Rs 359 Cr
Net profit (latest quarter)Rs 103 Cr
Depreciation (TTM)Rs 210 Cr
Depreciation (latest quarter)Rs 54 Cr
Interest (TTM)Rs 45 Cr
Cost of goods sold (latest year)Rs 5,395 Cr
Total expenditure (latest year)Rs 7,369 Cr
Total income (latest year)Rs 8,117 Cr
Share capitalRs 127 Cr
ReservesRs 3,823 Cr
Shareholders' fundsRs 3,950 Cr
Total assetsRs 6,723 Cr
Net blockRs 1,913 Cr
Capital work in progressRs 49 Cr
ReceivablesRs 510 Cr
InventoryRs 1,326 Cr
Other liabilitiesRs 2,489 Cr
Shares outstanding (crore)12.69
Ownership
Promoter holding39.76% (-11.24 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 43.6 is at the 33th percentile of its own 7.4-year range (median 52.9, low 27.4, high 132.6).
P/B 2.77 is at the 6th percentile (median 6.99).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodWHIRLPOOLNifty 50Difference
1 week+1.0%-2.8% +3.7 pts
1 month+7.6%-6.8% +14.3 pts
3 months+6.6%-7.6% +14.2 pts
6 months+9.1%+0.4% +8.7 pts
1 year-31.0%-9.9% -21.1 pts
2 years-57.7%-13.6% -44.2 pts
3 years-47.0%+14.2% -61.2 pts
5 years-62.4%+27.9% -90.3 pts
93 mutual fund schemes hold about ₹3,128 Cr. Over three months 7 bought more and 85 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Nippon India Small Cap Fund0.78%643 -12%
SBI Contra Fund0.68%324 -8%
Kotak Multi Cap Fund1.00%293 +13%
Nippon India Multi Cap Fund0.27%151 -10%
Franklin India Small Cap Fund0.86%126 -10%
Aditya Birla SL Large Cap Fund0.42%125 -9%
Aditya Birla SL Flexi Cap Fund0.40%116 -15%
HDFC Balanced Advantage Fund0.11%115 -8%
Aditya Birla SL Focused Fund1.22%97 -9%
HDFC Multi Cap Fund0.46%94 -8%
Kotak Multi Asset Allocation Fund0.47%71 +7%
Nippon India Flexi Cap Fund0.55%54 -10%
ICICI Pru Multi Asset Allocation Fund0.05%44 -10%
HDFC Large & Mid Cap Fund0.14%44 -11%
Aditya Birla SL Consumption Fund0.70%43 -9%
Aditya Birla SL Multi-Cap Fund0.56%42 -13%
ICICI Pru Multi Cap Fund0.21%42 -14%
Aditya Birla SL Small Cap Fund0.67%41 -15%
Mirae Asset Great Consumer Fund0.86%41 -11%
Aditya Birla SL Midcap Fund0.59%41 -12%
ICICI Pru Multi Cap Fund0.21%40 -14%
Motilal Oswal Large Cap Fund1.28%40 -6%
Aditya Birla SL Midcap Fund0.59%39 -12%
Aditya Birla SL MNC Fund0.99%33 -9%
SBI Consumption Opp Fund1.10%31 -5%

Red flags

F-score 7 of 8
lookProfit leans on other income Other income was 40% of pre-tax profit in 2026
lookRegulator order or action Regulator order or action 2025-12-25: Whirlpool of India Limited has informed the Exchange about Action(s) taken or orders passed
lookOn NSE surveillance On NSE surveillance: ASM short-term
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹2,727 Cr +12.1% vs Jun 2025. Net profit ₹103 Cr -29.5%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-08-28Dividend - Rs 5 Per Share
2025-08-29Dividend - Rs 5 Per Share
2024-07-26Dividend - Rs 5 Per Share
2023-08-18Annual General Meeting/Dividend - Rs 5 Per Share
2022-06-28Annual General Meeting/Dividend - Rs 5 Per Share
2021-07-29 Annual General Meeting/Dividend - Rs 5 Per Share
2020-08-06 Annual General Meeting/Dividend - Rs 5 Per Share
2019-08-05 Annual General Meeting/Dividend Rs 5 Per Share
2018-09-06 Annual General Meeting / Dividend- Rs 4 Per Share
2017-09-08 Annual General Meeting/Dividend - Rs 3/- Per Share
2016-09-01 Annual General Meeting
2015-08-20Annual General Meeting
2014-08-05Annual General Meeting
2013-08-05Annual General Meeting
2012-07-26Annual General Meeting
2011-06-22Annual General Meeting
2010-07-09Annual General Meeting
DateTypeWhat it says
2026-09-24News clarificationThe Exchange has sought clarification from Whirlpool of India Limited with respect to recent news item captioned Whirlpool of India promoter set to se...
2026-09-24Rumour Verification - RegulaRumour Verification - Regulation 30(11)
2026-09-23News clarificationThe Exchange has sought clarification from Whirlpool of India Limited with respect to recent news item captioned Whirlpool of India promoter set to se...
2026-09-10Shareholder meetingVoting results.
2026-09-09Shareholder meetingProceedings of Annual General Meeting held on September 09, 2026
2026-08-24Shareholder meetingVoting results.
2026-08-14General UpdatesGeneral Updates
2026-08-14UpdatesBusiness Responsibility and Sustainability Report (BRSR) for the financial year ended March 31, 2026.
2026-08-14Shareholder meetingNotice of Annual General Meeting to be held on September 09, 2026
2026-08-12Concall / analyst meetTranscript
2026-08-06Concall / analyst meetLink of Recording
2026-08-06Investor PresentationInvestor Presentation
2026-08-05Press ReleaseA press release dated August 05, 2026, titled "Press Release".
2026-08-05Shareholder meetingNotice of Annual General Meeting to be held on September 09, 2026
2026-08-05Record DateRecord date for the purpose of Dividend is 28-Aug-2026.
2026-08-05ResignationResignation of Director/KMP/SMP
2026-08-05Change in ManagementChange in Management
2026-08-05Board meeting outcomeWhirlpool of India Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-30Concall / analyst meetSchedule of meet
2026-07-26Change in ManagementChange in Management
2026-07-21Shareholder meetingNotice of Postal Ballot
2026-07-03LitigationPendency of Litigation(s)/dispute(s) or the outcome impacting the Company
2026-07-01ResignationResignation of Director/KMP/SMP
2026-07-01Change in ManagementChange in Management
2026-06-18UpdatesMachine Readable Form/Searchable copy of Financial Results.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2017-11-15CESTATLTU DELHI ---VS.--- WHIRLPOOL OF INDIA LIMITED
2017-11-02CESTATWHIRLPOOL OF INDIA LTD ---VS.--- LTU DELHI
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Short Term Additional Surveillance Measure (Short Term ASM): stage 1
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03