NSE: WHIRLPOOL | BSE: 500238

Mid-range Performer

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1237.50 41.00 (3.43%)

49.48% Fall from 52W High

364.9K NSE+BSE Volume

NSE 07 May, 2025 3:31 PM (IST)

15,700.4

Market Cap

Below industry Median

0.7

Beta 1Year

Very Low volatility

Whirlpool of India Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for WHIRLPOOL, BSE:500238 Whirlpool of India Ltd.

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Whirlpool of India Ltd.

09 Feb 2025

1237.50

3.43%

Strong Q3FY25 performance; parent to reduce stake to 20%

Sell: Whirlpool of India Ltd.

Recommendation Target

ICICI Securities Limited

Whirlpool India reported a strong set of numbers in Q3FY25 with healthy revenue growth of 11% coupled with market share gains.

Whirlpool of India Ltd. is trading below its 100 day SMA of 1315.1

Whirlpool of India Ltd.

06 Nov 2023

1237.50

3.43%

Weak performance; protecting volumes at cost of margins

Accumulate: Whirlpool of India Ltd.

Recommendation Target

ICICI Securities Limited

Takeaways from Q2FY24 results: (1) Weakness in consumer demand has continued in Q2FY24 and hurt volume growth. (2) The company has cut prices in order to protect volumes (DCF accretive). (3) Resilient performance in Elica. While correction in input prices is aiding gross margins, its benefit is partly offset by higher ad-spends (in our view).

Whirlpool of India Ltd. is trading below its 100 day SMA of 1315.1

Whirlpool of India Ltd.

08 Aug 2023, 12:00AM

1237.50

3.43%

Elica remains strong value driver; Margin tailwinds ahead due to deflation in commodity prices

Buy: Whirlpool of India Ltd.

Target

ICICI Securities Limited

While Whirlpool’s Q1FY24 was muted (as expected), we note three positives (1) Elica has continued to report strong revenue growth (19% YoY) led by strong product portfolio expansion and integration with supply chain of Whirlpool, (2) In our view, Whirlpool’s EBITDA margin has likely bottomed out in H1CY23.

Number of FII/FPI investors decreased from 253 to 227 in Mar 2025 qtr

Whirlpool of India Ltd.

18 May 2023

1237.50

3.43%

Sequential improvement in profitability

Buy: Whirlpool of India Ltd.

ICICI Securities Limited

While Whirlpool’s Q4FY23 performance was below our estimates, we note (1) there is sequential recovery in gross margins over past quarters and (2) Elica has maintained double digit growth rates with improvement in EBITDA margins. We are also enthused by the parent’s India focus.

Whirlpool of India Ltd. has gained 16.48% in the last 1 Month

Whirlpool of India Ltd.

02 Feb 2023

1237.50

3.43%

Weak performance; Margins remain under pressure with steep competitive pressures

Buy: Whirlpool of India Ltd.

Target

ICICI Securities Limited

Steep competitive pressures have impacted Whirlpool’s Q3FY23. It reported revenue and adjusted PAT decline of 15.5% and 43.7%, respectively. We note the trade/ consumer discounts in white goods continue to remain high and it is likely to hurt margins in Q4FY23 as well as H1FY24.

Whirlpool of India Ltd. has lost -39.68% in the last 6 Months

Whirlpool of India Ltd.

03 Nov 2022

1237.50

3.43%

Weak print; Margin recovery still underway

Buy: Whirlpool of India Ltd.

Target

ICICI Securities Limited

Whirlpool’s Q2FY23 revenues were flat YoY, implying volume decline in our view. Three-year revenue CAGR works out to 5%.

Whirlpool of India Ltd. has gained 16.48% in the last 1 Month

Whirlpool of India Ltd.

10 Aug 2022

1237.50

3.43%

Correction in input prices to improve profitability

Buy: Whirlpool of India Ltd.

Target

ICICI Securities Limited

Revenues of Whirlpool grew 55.2% in Q1FY23, on a favorable base of covid- impacted Q1FY22.

Whirlpool of India Ltd. has gained 16.48% in the last 1 Month

Whirlpool of India Ltd.

01 Aug 2022

1237.50

3.43%

Ashika - Stock Picks Whirlpool of India Ltd. - August 2022

Buy: Whirlpool of India Ltd.

Target

Ashika Research

Whirlpool of India Ltd. is trading below its 100 day SMA of 1315.1

Whirlpool of India Ltd.

26 Jun 2022

1237.50

3.43%

FY22 - Toughest year in past decade; expect gradual improvement ahead

Buy: Whirlpool of India Ltd.

ICICI Securities Limited

Whirlpool of India (Whirlpool) reported decade low return ratios in FY22, as its PAT margin suffered a blow from input material inflation. The premium and mid-premium segments did well but entry-level products were impacted due to the high inflationary period.

Whirlpool of India Ltd. has gained 16.48% in the last 1 Month

Whirlpool of India Ltd.

13 Feb 2022

1237.50

3.43%

Earnings disappoint on topline miss; volumes decline

Buy: Whirlpool of India Ltd.

Target

Motilal Oswal

Whirlpool (WHIRL)'s 3QFY22 revenue came in flat YoY and was 13% below our estimate. The two-year revenue CAGR stood at 6%. The industry experienced 14% volume decline (DC Refrigerator stood at -20%, FF Refrigerator at -6%, Top-load Semi-automatic Washer at -20%, and Top-load Fully Automatic Washer at -4%). However, as indicated by the management, WHIRL has gained 100bp market share every year over the past five years. It also gained market share in 3QFY22. It is also expanding its capacity and...

Whirlpool of India L.. has an average target of 930.00 from 1 broker.

Is Whirlpool of India Ltd. worth buying?

240 Votes:

Buy 75.83%

Sell 12.08%

Hold 12.08%

RESEARCH REPORTS

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