NSE: LGEINDIA · BSE: 544576
LG ELECTRONICS INDIA LTD
Sells home appliances and home entertainment products in India, reporting ₹24,604.912 crore of FY26 revenue at an 11.12% EBITDA margin. The Home Appliances and Air Solution segment (covering air conditioners, washing machines and refrigerators) contributed 73.8% of FY26 segment revenue and earned ₹18,160.464 crore; the Home Entertainment segment (primarily televisions) contributed 26.2% and earned ₹6,444.448 crore. Q4 FY26 was the highest quarterly revenue on record, with the home appliances segment at ₹6,516.289 crore (+5.7% year-on-year) and home entertainment at ₹1,537.263 crore (+19.6%). Materials are the dominant cost at 61.0% of FY26 revenue, followed by other operating expenses at 16.4% and employee costs at 4.1%. A new Sri City plant is under construction, with ₹657 crore deployed of a planned ₹5,000 crore outlay by March 2026; compressor production is scheduled to start in Q3 FY27 and AC production in Q4 FY27. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Home Appliances and Air Solution (74%), Home Entertainment (26%). Consumer durables business with strong summer seasonality for air conditioners and a growing export arm
Exhibit 1: Financial summary, FY26–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY26 |
|---|---|
| Revenue | 24,605 |
| EBITDA (ex other income) | 2,408 |
| margin % | 9.8 |
| Owners' profit | 1,685 |
| EPS, as reported (₹) | 24.83 |
| ROE % · ROCE % | 22.0 · 27.6 |
| Debt / equity (x) | 0.00 |
| Cash from operations | 1,721 |
| Capex | (1,172) |
Exhibit 2: Quarterly performance, last 4 quarters
| ₹ crore | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|
| Revenue | 6,174 | 4,114 | 8,054 | 7,233 |
| Profit before tax | 525 | 152 | 931 | 878 |
| Net profit | 389 | 90 | 693 | 653 |
| EPS (₹) | 5.74 | 1.32 | 10.21 | 9.62 |
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| (a) Segment – Home appliances and air solution division | 13,253 | 72.3 |
| (b) Segment – Home entertainment division | 5,090 | 27.7 |
| Total, before eliminations | 18,343 | 100.0 |
Exhibit 4: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| LG ELECTRONICS INDIA LTD ◆ | 1,13,694 | 62.3 | 14.83 | — | 22.0 | 27.2 | — | 13.8 |
| BLUE STAR LIMITED | 31,375 | 61.6 | 9.14 | 33.2 | 15.4 | 18.9 | 23.8 | 6.1 |
| VOLTAS LTD | 31,300 | 69.7 | 4.89 | 36.7 | 5.8 | 9.9 | 13.8 | 7.6 |
| AMBER ENTERPRISES (I) LTD | 21,267 | 221.0 | 3.67 | 23.0 | 3.9 | 5.3 | 32.1 | 6.1 |
| CROMPT GREA CON ELEC LTD | 12,637 | — | 3.68 | 91.4 | (6.7) | (2.1) | 11.0 | 11.0 |
| V-GUARD IND LTD. | 11,578 | 31.9 | 4.88 | 21.9 | 13.0 | 15.5 | 17.0 | 11.2 |
| WHIRLPOOL OF INDIA LTD | 10,633 | 42.4 | 2.56 | 15.4 | 7.1 | 8.1 | 6.4 | 7.6 |
| TTK PRESTIGE LTD | 7,397 | 38.3 | 3.75 | 23.5 | 7.9 | 10.2 | 6.3 | 13.0 |
Exhibit 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 62.3 | 42.4 | 13 of 19 | 33% |
| P/B | 14.8 | 4.3 | 23 of 23 | 0% |
| ROCE | 27.2 | 9.4 | 1 of 24 | 100% |
| ROE | 22.0 | 7.1 | 2 of 23 | 96% |
| Debt / Equity | 0.0 | 0.0 | 1 of 23 | 73% |
| EBITDA margin | 13.8 | 7.6 | 4 of 23 | 86% |
| Market cap | 113694 | 3661 | 1 of 24 | 100% |
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 27 Oct 2026 · LG launches 115-inch QNED evo AI Mini LED TV in India | compliance | low | — | — |
| 22 Oct 2026 · LG Electronics India gets Great Place to Work certification for third year in a row | compliance | low | — | — |
| 7 Oct 2026 · LG Electronics India announces Diwali festive offers campaign | compliance | low | — | — |
| 6 Oct 2026 · Routine compliance filing under SEBI Regulation 74(5) for Q2 FY27 | compliance | minimal | — | — |
| 25 Sept 2026 · LG Electronics India gets Customs Show Cause Notice over Rs 153.58 cr duty claim | regulatory legal | high | — | — |
| 23 Sept 2026 · Trading Window closed from Oct 1 ahead of Q2 results | compliance | minimal | — | — |
| 22 Sept 2026 · LG India launches 15 new semi-automatic washing machine models, exports from 2027 | compliance | low | — | — |
| 17 Sept 2026 · LG Electronics India recognised for innovative HR practices at Asia Pacific HRM Congress | business updates | low | — | — |
| 17 Sept 2026 · LG India enters chest freezer market with 6 new convertible models | compliance | low | — | — |
| 8 Sept 2026 · LG Electronics India sets analyst meet schedule in London and Hong Kong | board shareholder meetings | low | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.