Is Whirlpool Of India a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Whirlpool Of India Ltd is a good quality company .

Is Whirlpool Of India undervalued or overvalued?

The key valuation ratios of Whirlpool Of India Ltd's currently when compared to its past seem to suggest it is in the Fair zone .

What is Whirlpool Of India share price return in the past 10 years?

Whirlpool Of India Ltd share price has appreciated 10.6% annually (CAGR) over the past ten years.

Is Whirlpool Of India a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Whirlpool Of India Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

Whirlpool Of India Ltd - Stock Valuation and Financial Performance

Name: Whirlpool Of India
Brand: Whirlpool Of India

BSE: 500238 | NSE: WHIRLPOOL | Consumer Durables - Domestic Appliances | Small Cap

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Whirlpool Of India Share Price

₹1,721.60 -114.65 -6.24%
as on 21-Nov'24 15:42

10 Year X-Ray of Whirlpool Of India:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	37%	34.9%	35.8%	33.3%	32.3%	28.7%	17.4%	11%	8.5%	8.2%	-
Value Creation Index ⓘ	1.7	1.6	1.7	1.5	1.4	1.6	0.5	0.0	-0.4	-0.4	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	3,294	3,440	3,941	4,832	5,398	5,993	5,900	5,993	6,210	6,333	6,976
Sales YoY Gr.	-	4.4%	14.6%	22.6%	11.7%	11%	-1.6%	1.6%	3.6%	2%	-
Adj EPS ⓘ	17.1	19.6	24.8	27.1	31.9	37.3	27.5	18.4	15.6	14.6	20.1
YoY Gr.	-	14.4%	26.5%	9.4%	18%	16.9%	-26.4%	-33.1%	-15.2%	-6.6%	-
BVPS (₹) ⓘ	71.2	91.9	114.6	138.5	165.4	196.8	218.2	230.1	239.6	247.8	263.8
Adj Net Profit ⓘ	217	248	314	344	405	474	349	233	198	185	255
Cash Flow from Ops. ⓘ	300	344	384	384	402	380	524	93.9	189	535	-
Debt/CF from Ops. ⓘ	0	0	0	0	0	0	0	0	0	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	7.5%	3.3%	2.4%	2%
Adj EPS ⓘ	-1.8%	-14.5%	-19.1%	-6.6%
BVPSⓘ	14.9%	8.4%	4.3%	3.4%
Share Price	10.6%	-4.8%	-9%	9.4%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	26.2	23.9	23.7	21	20.6	20.2	13	8	6.5	5.8	7.9
Op. Profit Mgn % ⓘ	10.4	11.5	12.5	11.6	12	11.6	9.2	6.8	5.1	5	6
Net Profit Mgn % ⓘ	6.6	7.2	8	7.1	7.5	7.9	5.9	3.9	3.2	2.9	3.7
Debt to Equity ⓘ	0	0	0	0	0	0	0	0	0	0	0
Working Cap Days ⓘ	77	77	79	76	74	79	90	91	88	81	102
Cash Conv. Cycle ⓘ	-15	-29	-34	-38	-31	-24	-28	-31	-20	-25	55

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 7.90%

Sales growth is good in last 4 quarters at 14.80%

Sales growth has been subdued in last 3 years 2.39%

Net Profit has been subdued in last 3 years -19.09%

Latest Financials - Whirlpool Of India Ltd.

	Standalone	Consolidated
TTM EPS (₹)	20.1	23.8
TTM Sales (₹ Cr.)	6,976	7,479
BVPS (₹.) ⓘ	263.8	298.2
Reserves (₹ Cr.) ⓘ	3,220	3,656
P/BV ⓘ	6.96	6.16
PE ⓘ	91.25	77.29

From the Market
52 Week Low / High (₹)	1186.85 / 2450.00
All Time Low / High (₹)	10.63 / 2777.00
Market Cap (₹ Cr.)	23,297
Equity (₹ Cr.)	126.9
Face Value (₹)	10
Industry PE ⓘ	67.1

Management X-Ray of Whirlpool Of India:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Whirlpool Of India

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Whirlpool Of India

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	3,294	3,440	3,941	4,832	5,398	5,993	5,900	5,993	6,210	6,333
Operating Expenses ⓘ	2,962	3,056	3,452	4,272	4,755	5,319	5,381	5,598	5,912	6,021
Manufacturing Costs	199	196	239	262	286	340	318	285	299	329
Material Costs	1,988	2,042	2,322	2,978	3,375	3,650	3,744	4,035	4,332	4,314
Employee Cost	315	383	412	455	493	590	630	598	606	678
Other Costs ⓘ	460	435	480	577	602	739	689	680	675	699
Operating Profit ⓘ	331	384	489	560	642	673	519	395	298	312
Operating Profit Margin (%)	10.1%	11.1%	12.4%	11.6%	11.9%	11.2%	8.8%	6.6%	4.8%	4.9%
Other Income ⓘ	38	55	73	87	105	129	90	62	122	152
Interest ⓘ	1	5	6	4	9	20	15	15	13	28
Depreciation ⓘ	68	77	87	102	111	129	142	136	161	186
Exceptional Items ⓘ	0	-1	0	0	0	0	0	-2	0	-19
Profit Before Tax ⓘ	301	356	468	541	626	653	451	304	247	231
Tax ⓘ	90	116	158	190	219	177	118	81	62	64
Profit After Tax	211	240	310	351	407	476	333	223	185	167
PAT Margin (%)	6.4%	7.0%	7.9%	7.3%	7.5%	7.9%	5.6%	3.7%	3.0%	2.6%
Adjusted EPS (₹)	16.6	18.9	24.5	27.6	32.1	37.5	26.3	17.6	14.6	13.2
Dividend Payout Ratio (%)	0%	0%	12%	14%	16%	13%	19%	28%	34%	38%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	916	1,166	1,454	1,757	2,098	2,496	2,768	2,919	3,040	3,143
Share Capital ⓘ	127	127	127	127	127	127	127	127	127	127
Reserves ⓘ	789	1,039	1,327	1,630	1,971	2,369	2,641	2,792	2,913	3,017
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	0	0	0	0	0	0	0	0	0	0
Long Term Debt	0	0	0	0	0	0	0	0	0	0
Short Term Debt	0	0	0	0	0	0	0	0	0	0
Trade Payables	719	871	1,121	1,153	1,236	1,429	1,655	1,439	1,603	1,382
Others Liabilities ⓘ	214	215	286	288	340	421	549	620	559	772
Total Liabilities ⓘ	1,849	2,251	2,860	3,198	3,675	4,346	4,972	4,978	5,202	5,298
Fixed Assets
Gross Block	1,130	443	562	711	874	1,167	1,290	1,490	1,764	1,940
Accumulated Depreciation	748	77	164	266	366	458	583	703	854	998
Net Fixed Assetsⓘ	383	366	398	446	508	709	707	787	911	942
CWIP ⓘ	13	37	30	33	43	44	41	76	20	21
Investmentsⓘ	0	0	130	456	656	551	172	597	597	597
Inventories	659	684	889	810	889	1,166	1,274	1,219	1,422	1,160
Trade Receivables	155	193	205	240	256	322	379	387	399	292
Cash Equivalents ⓘ	536	856	1,059	982	1,061	1,284	2,063	1,529	1,524	2,002
Others Assetsⓘ	103	116	151	230	262	271	335	383	329	285
Total Assets ⓘ	1,849	2,251	2,860	3,198	3,675	4,346	4,972	4,978	5,202	5,298

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	300	344	384	384	402	380	524	94	189	535
PBT ⓘ	301	356	468	541	626	653	451	304	247	231
Adjustment ⓘ	28	41	44	46	15	46	123	102	103	101
Changes in Working Capital ⓘ	56	64	52	1	-3	-112	75	-229	-110	245
Tax Paid ⓘ	-85	-117	-180	-204	-236	-206	-125	-82	-52	-42
Cash Flow From Investing Activity ⓘ	-55	-28	-180	-415	-262	-72	338	-543	-101	56
Capex	-85	-79	-112	-156	-186	-305	-99	-162	-171	-60
Net Investments	0	-1	-137	-321	-163	136	365	0	0	0
Others ⓘ	29	52	69	61	87	97	72	-381	71	117
Cash Flow From Financing Activityⓘ	-1	-1	-1	-46	-62	-87	-75	-85	-94	-112
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	-1	-1	-1	-1	-1	-3	-2	-5	-7	-11
Dividend Paid ⓘ	0	0	0	-38	-50	-63	-63	-63	-63	-63
Others ⓘ	0	0	0	-8	-10	-21	-10	-17	-24	-37
Net Cash Flow ⓘ	244	315	202	-77	79	221	786	-535	-6	479

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	25.83	23.21	23.71	21.85	21.12	20.73	12.66	7.84	6.2	5.41
ROCE (%)	36.96	34.92	35.82	33.25	32.27	28.69	17.37	10.97	8.52	8.18
Asset Turnover Ratio	2.44	2.21	2.03	2.01	1.92	1.83	1.63	1.61	1.69	1.67
PAT to CFO Conversion(x)	1.42	1.43	1.24	1.09	0.99	0.8	1.57	0.42	1.02	3.2
Working Capital Days
Receivable Days	14	14	14	13	14	14	17	17	17	14
Inventory Days	54	54	55	51	47	51	59	57	56	54
Payable Days	124	142	157	139	129	133	150	140	128	126

Whirlpool Of India Ltd Stock News

Whirlpool Of India Ltd FAQs

What is the share price of Whirlpool Of India?

Company share prices are keep on changing according to the market conditions. The closing price of Whirlpool Of India on 21-Nov-2024 15:42 is ₹1,721.6.

What is the market cap of Whirlpool Of India?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 15:42 the market cap of Whirlpool Of India stood at ₹23,296.8.

What is the P/E ratio of Whirlpool Of India?

The latest P/E ratio of Whirlpool Of India as of 21-Nov-2024 15:42 is 91.25.

What is the P/B ratio of Whirlpool Of India?

The latest P/B ratio of Whirlpool Of India as of 21-Nov-2024 15:42 is 6.96.

What is the 52-week high and low of Whirlpool Of India?

The 52-week high of Whirlpool Of India is ₹2,450 and the 52-week low is ₹1,186.9.

What is the TTM revenue of Whirlpool Of India?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Whirlpool Of India is ₹6,976 ( Cr.) .

About Whirlpool Of India Ltd

Whirlpool entered India in the late 1980s as part of its global expansion strategy. It forayed into the market under a joint venture with TVS group and established the first Whirlpool manufacturing facility in Pondicherry for washing machine category. In 1995 Whirlpool acquired Kelvinator India Limited and marked an entry into the refrigerator market as well. The same year the company also saw acquisition of major shares in TVS joint venture and later in 1996, Kelvinator and TVS acquisitions were merged to create, Whirlpool of India Limited. This expanded the company's portfolio in the Indian subcontinent to washing machines, refrigerator, microwave ovens and air conditioners. Whirlpool of India Limited headquartered in Gurugram, is now one of the leading manufacturers and marketers of major home appliances in the country. The company owns three state-of-the-art manufacturing facilities at Faridabad, Pondicherry and Pune. Each of the manufacturing set-up features an infrastructure that is witness of Whirlpool's commitment to providing its consumer with forward looking solutions.

Business area of the company

The company is now one of the leading manufacturers and marketers of major home appliances in the country.

Products

Refrigerators
Washing Machine
Kitchenware
Air Purifiers
Water Purifiers
Air Conditioners
Commercial Appliances
Accessories

Awards

2008: NDTV Profit Business and Leadership Award 2008 for 'The Best Consumer Durables Company'.
2009: Top 20 Best Companies To Work For In India 2009.
2009: Top 25 Best Employers In India 2009.
2009: Frost & Sullivan 2009 Business Development Strategy Leadership Award For Residential Point-Of-Use Water Treatment Systems In India.
2009: CII All India Six Sigma Competition, 2009 Runner Up.
2009: Indo American Corporate Excellence Award For 'The Best US Company In India' 2009.
2009: Product of the Year 2009 Frost Free Refrigerators with Sixth Sense-Best Innovative Product in Refrigerator Category.
2009: ICWAI-National Award for Excellence in Cost Management- Bronze.
2010: Product of the Year 2010 1-2-3 Washing Machine-Best Innovative 2010: Product in the Washing Machine Category.
2010: Readers Digest Trusted Brand Gold Award (2009-2010) For Refrigerators and Washing Machines.
2010: 1 India's Best Company for Leadership Development by Great Place to Work.
2010: 15 India's Best Companies to Work For By Great Place to Work.
2010: Best Consumer Durables Company -Dun & Bradstreet Corporate Awards 2010.
2011: 14 Best Employers in India 2011.
2011: 9 Top Companies for Leaders Asia Pacific 2011.
2011: Best Employers in Asia Pacific 2011.
2011: Readers Digest Trusted Brand Gold Award (2010-2011) For Refrigerators and Washing Machines.
2011: Whirlpool Pondicherry Washer Facility Gold Award In Economic Times Frost & Sullivan Manufacturing Excellence Award - 2011.
2011: CEAMA Appliance Man of the Year for Arvind Uppal.
2012: ICWAI-National Award For Excellence In Cost Management - Silver.
2012: Trophy for Export Excellence in EPO Service for Outstanding Export Performance.
2012: Whirlpool Ace Washing Machine Received The Silver Medal In The Prestigious International Edison Awards For Being The Best New Product In The Lifestyle And Social Impact Category.
2013: Icemagic (Geny) Wins Prestigious Designomics Award 2013.
2013: Whirlpool 360 Bloomwash Voted India's Best Washing Machine.
2013: Whirlpool India Wins 2nd Prize for Best Technical Paper in 29th Indian Value Engineering Conference.
2013: Woil Named Readers Digest Trusted Brand Gold Award 2013 For Refrigerators And Washer.
2014: Protton World Series Refrigerator Range Wins Prestigious Designomics 2014 Award.
2014: Neo I Chill Refrigerator and 360 degree Bloomwash Washer Receive Prestigious India Design Mark 2014.
2015: Protton World Series Refrigerator Range Wins Prestigious Designomics 2015 Award.
2015: Whirlpool India Recognized As One Of The Best Employers- Aon Hewitt Best Employer- India 2015.
2016: India Design Mark 2016.
2016: Aon Best Employer 2016.
2018: India's Best Companies to Work for 2018.

Milestones

1908: The first automatic washer was launched to public in late 1908, by 1900 Corporation which in 1911 was renamed to Upton Machine Company.
1911: Louis Upton founded the Upton Machine Company in that year to produce motor-driven wringer washers.
1916: First order of washers was sold to Sears, Roebuck & Co.
1929: Upton Machine Company merged with Nineteen Hundred Washer Company of NewYork .
1948: First 'Whirlpool' brand automatic washer with dual distribution was introduced. It included two product lines one each was distributed through Sears and Nineteen Hundred.
1957: The company was rechristened as ' The Whirlpool Corporation.'
1958: The company moved out of country for the first time and invested in Brazilian appliance market through purchase of equity in Multibras S.A.
1968: The Elisha Gray II Research & Engineering Center was completed in BentonHarbor. In the same year the company's revenues crossed the legendary $1 billion mark for the first time.
1978: Within a decade company doubled its feat of $1 billion mark and reached the $2 billion revenue level.
1986: The 'Kitchen Aid' division of Hobart Corporation was purchased.
1987: Whirlpool tied-up with Sundaram Clayton Ltd. of India to form TVS Whirlpool.
1989: This was a historic year since the revenues catapulted to heights of over $6 billion mark. Also, the joint venture with N.V.Philips of Netherlands called Whirlpool Europe B.V. was formed to manufacture and market appliances in Europe.
1990: The company established joint venture with Matsushita Electric Company of Japan to produce vacuum cleaners for the North American market.
1991: The company introduced and committed globally to its Worldwide Excellence System, which is a TQM program dedicated to exceeding customer expectations. The vision to globalize 'Whirlpool Corp'. was realized in the same year.
1993: First time Whirlpool became the No.1 stand-alone brand in UK, Ireland, Netherlands and Belgium
1995: Whirlpool Corp. acquired majority of stake in the TVS Whirlpool The DC manufacturing facility of Kelvinator India was also acquired.
1996: Whirlpool Washing Machines and Kelvinator India Ltd. merged together to form Whirlpool of India Ltd.
1998: This year gave birth to a new company vision that says, 'Every Home Everywhere with Pride, Passion & Performance.'
1999: Whirlpool of India crossed the milestone of 1 million sales of appliances.
2002: The ' Whirlpool Strategic Architecture ' was launched as a framework to achieve the vision. The revenues of Whirlpool Corp. soared to $10.5 billion.
2013: Whirlpool India launches new Masterpiece Direct Cool Refrigerator
2014: Whirlpool of India opens Whirlpool Haute Kitchen - its first exclusive Built-in experience centre in
2015: Whirlpool of India opens Whirlpool Haute Kitchen - its first exclusive Built-in experience centre in Bangalore
2016: Whirlpool of India unveils its new range of 'air purifiers' in India
2016: Whirlpool of India introduces NeoFresh - the new range of frost free refrigerators based on intellifresh technology
2018: Whirlpool of India introduces the advanced range of dishwashers from whirlpool
2020: Whirlpool of India launches ‘Intellifresh Pro’