Whirlpool Of India Ltd - Stock Valuation and Financial Performance

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

Whirlpool Of India Share Price

1,422.95 -0.85 -0.06%
as on 12-Apr'24 10:20

DeciZen - make an informed investing decision on Whirlpool Of India

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Whirlpool Of India stock performance -

mw4me loader
P/E Ratio (SA):
114.16
Market Cap:
18,045.6 Cr.
52-wk low:
1,186.9
52-wk high:
1,733

Is Whirlpool Of India Ltd an attractive stock to invest in?

1. Is Whirlpool Of India Ltd 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.

2. Is Whirlpool Of India Ltd 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.

3. Is Whirlpool Of India Ltd a good buy now?

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

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Whirlpool Of India Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 19.4%26.3%24.2%24%21.1%20.9%20.8%13.4%8.4%6.8%-
Value Creation
Index
0.41.00.80.80.60.60.90.2-0.3-0.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 2,8353,2943,4403,9414,8325,3985,9935,9005,9936,2106,286
Sales YoY Gr.-16.2%4.4%14.6%22.6%11.7%11%-1.6%1.6%3.6%-
Adj EPS 10.317.119.624.827.131.937.327.518.415.612.5
YoY Gr.-65.8%14.4%26.5%9.4%18%16.9%-26.4%-33.1%-15.2%-
BVPS (₹) 57.371.291.9114.6138.5165.4196.8218.2230.1239.6248.5
Adj Net
Profit
131217248314344405474349233198158
Cash Flow from Ops. 20430034438438440238052493.9189-
Debt/CF from Ops. 0000000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 9.1%5.2%1.2%3.6%
Adj EPS 4.7%-10.5%-25.3%-15.2%
BVPS17.2%11.6%6.8%4.1%
Share Price 20.1% 0.2% -13.3% 6.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
19.326.223.923.72120.620.21386.55.1
Op. Profit
Mgn %
7.910.411.512.511.61211.69.26.85.14.5
Net Profit
Mgn %
4.66.67.287.17.57.95.93.93.22.5
Debt to
Equity
0000000000-
Working Cap
Days
87777779767479909188101
Cash Conv.
Cycle
-11-15-29-34-38-31-24-28-31-2055

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 5.10%

Sales growth has been subdued in last 3 years 1.20%

Net Profit has been subdued in last 3 years -25.26%

Sales growth is not so good in last 4 quarters at 1.84%

Latest Financials - Whirlpool Of India Ltd.

Standalone Consolidated
TTM EPS (₹) 12.5 15.9
TTM Sales (₹ Cr.) 6,286 6,768
BVPS (₹.) 248.5 284.2
Reserves (₹ Cr.) 3,026 3,479
P/BV 5.72 5.00
PE 114.16 89.28
From the Market
52 Week Low / High (₹) 1186.85 / 1733.00
All Time Low / High (₹) 10.63 / 2777.00
Market Cap (₹ Cr.) 18,046
Equity (₹ Cr.) 126.9
Face Value (₹) 10
Industry PE 58.5

Management X-Ray of Whirlpool Of India:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Whirlpool Of India

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales2,8353,2943,4403,9414,8325,3985,9935,9005,9936,210
Operating Expenses 2,6232,9623,0563,4524,2724,7555,3195,3815,5985,912
Manufacturing Costs178199196239262286340318285299
Material Costs1,7881,9882,0422,3222,9783,3753,6503,7444,0354,332
Employee Cost 263315383412455493590630598606
Other Costs 394460435480577602739689680675
Operating Profit 212331384489560642673519395298
Operating Profit Margin (%) 7.5%10.1%11.1%12.4%11.6%11.9%11.2%8.8%6.6%4.8%
Other Income 28385573871051299062122
Interest 11564920151513
Depreciation 64687787102111129142136161
Exceptional Items 00-100000-20
Profit Before Tax 174301356468541626653451304247
Tax 51901161581902191771188162
Profit After Tax 123211240310351407476333223185
PAT Margin (%) 4.3%6.4%7.0%7.9%7.3%7.5%7.9%5.6%3.7%3.0%
Adjusted EPS (₹)9.716.618.924.527.632.137.526.317.614.6
Dividend Payout Ratio (%)0%0%0%12%14%16%13%19%28%34%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 7409161,1661,4541,7572,0982,4962,7682,9193,040
Share Capital 127127127127127127127127127127
Reserves 6137891,0391,3271,6301,9712,3692,6412,7922,913
Minority Interest0000000000
Debt0000000000
Long Term Debt0000000000
Short Term Debt0000000000
Trade Payables6347198711,1211,1531,2361,4291,6551,4391,603
Others Liabilities 195214215286288340421549620559
Total Liabilities 1,5691,8492,2512,8603,1983,6754,3464,9724,9785,202

Fixed Assets

Gross Block1,0011,1304435627118741,1671,2901,4901,764
Accumulated Depreciation63074877164266366458583703854
Net Fixed Assets371383366398446508709707787911
CWIP 53133730334344417620
Investments 000130456656551172597597
Inventories5776596848898108891,1661,2741,2191,422
Trade Receivables170155193205240256322379387399
Cash Equivalents 2925368561,0599821,0611,2842,0631,5291,524
Others Assets106103116151230262271335383329
Total Assets 1,5691,8492,2512,8603,1983,6754,3464,9724,9785,202

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 20430034438438440238052494189
PBT 174301356468541626653451304247
Adjustment 41284144461546123102103
Changes in Working Capital 275664521-3-11275-229-110
Tax Paid -39-85-117-180-204-236-206-125-82-52
Cash Flow From Investing Activity -66-55-28-180-415-262-72338-543-101
Capex -83-85-79-112-156-186-305-99-162-171
Net Investments 00-1-137-321-16313636500
Others 1729526961879772-38171
Cash Flow From Financing Activity -1-1-1-1-46-62-87-75-85-94
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -1-1-1-1-1-1-3-2-5-7
Dividend Paid 0000-38-50-63-63-63-63
Others 0000-8-10-21-10-17-24
Net Cash Flow 137244315202-7779221786-535-6
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)18.4725.8323.2123.7121.8521.1220.7312.667.846.2
ROCE (%)26.3936.9634.9235.8233.2532.2728.6917.3710.978.52
Asset Turnover Ratio2.372.442.212.032.011.921.831.631.611.69
PAT to CFO Conversion(x)1.661.421.431.241.090.990.81.570.421.02
Working Capital Days
Receivable Days18141414131414171717
Inventory Days57545455514751595756
Payable Days124124142157139129133150140128

Whirlpool Of India Ltd Stock News

Whirlpool Of India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Whirlpool Of India on 12-Apr-2024 10:20 is ₹1,423.
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 12-Apr-2024 10:20 the market cap of Whirlpool Of India stood at ₹18,045.6.
The latest P/E ratio of Whirlpool Of India as of 12-Apr-2024 10:20 is 114.2.
The latest P/B ratio of Whirlpool Of India as of 12-Apr-2024 10:20 is 5.72.
The 52-week high of Whirlpool Of India is ₹1,733 and the 52-week low is ₹1,186.9.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Whirlpool Of India is ₹6,286 ( 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’
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