Whirlpool of India Ltd is one of India’s leading home appliance brands, known for refrigerators, washing machines, air conditioners, and kitchen solutions. Backed by global parent Whirlpool Corporation (USA), it operates in a highly competitive and price-sensitive market. Despite recent profit growth and a strong balance sheet, the stock faces challenges like promoter stake reduction and margin pressure. This article provides a realistic, fundamentals-based outlook on the Whirlpool of India share price target from 2026 to 2030, using the latest verified financial data.
Incorporated: 1960 as a joint venture; became a Whirlpool Corporation subsidiary in 1996.
Business: Designs, manufactures, and markets major home appliances under Whirlpool and KitchenAid brands.
Parentage: Majority-owned by Whirlpool Corporation, USA, though promoter holding has declined significantly in recent quarters.
Listed On: BSE (500238) and NSE (WHIRLPOOL).
Headquarters: Gurugram, Haryana.
Whirlpool of India: Key Financial Snapshot
Metric
Value
Market Capitalization
₹10,871.65 Cr
Current Share Price
₹855
P/E (TTM)
37.95
P/B (TTM)
3.01
Book Value (TTM)
₹284.24
EPS (TTM)
₹22.58
ROE
9.59%
ROCE
13.90%
Dividend Yield
0.58%
Debt
₹0 Cr (debt-free)
Cash Reserves
₹2,262 Cr
Sales Growth (YoY)
17.18%
Profit Growth (YoY)
87.23%
Note: The sharp profit surge in FY26 was followed by a 39.8% YoY net profit decline in Q3 FY26, highlighting earnings volatility.
Shareholding Pattern
Category
Holding (%)
Promoters
39.76%
Domestic Institutions (DII)
35.42%
Public (Retail)
12.93%
Foreign Institutions (FII)
11.89%
Others
0%
Promoter holding has fallen from over 75% in 2023 to 39.76% due to multiple block deals, raising concerns about long-term strategic alignment.
Whirlpool of India Share Price Target Forecast (2026–2030)
Based on fundamentals, historical valuation, sector trends, and analyst sentiment, we estimate the following realistic price ranges:
Year
Target Price Range (₹)
2026
₹920 – ₹1,100
2027
₹980 – ₹1,200
2028
₹1,050 – ₹1,350
2029
₹1,100 – ₹1,500
2030
₹1,150 – ₹1,650
These targets assume moderate earnings recovery, stable market share, and no major disruption in the competitive landscape. They do not assume multibagger returns.
Year-wise Breakdown
Whirlpool Share Price Target 2026
Year
Target 1
Target 2
2026
₹920
₹1,100
Recent profit growth is encouraging, but Q3 FY26 profits fell sharply despite revenue gains.
Current P/E of 38x is high for a company with single-digit ROE and volatile margins.
Whirlpool Share Price Target 2027
Year
Target 1
Target 2
2027
₹980
₹1,200
Upside depends on premium product mix, rural expansion, and cost control.
Competition from LG, Samsung, Voltas, and IFB remains intense.
Whirlpool Share Price Target 2028
Year
Target 1
Target 2
2028
₹1,050
₹1,350
Potential benefits from smart appliance adoption and after-sales service monetization.
Debt-free status allows flexibility for capex or acquisitions.
Whirlpool Share Price Target 2029
Year
Target 1
Target 2
2029
₹1,100
₹1,500
Urbanization and rising disposable income may support demand.
Execution risk remains high due to low brand differentiation in the mid-segment.
Whirlpool Share Price Target 2030
Year
Target 1
Target 2
2030
₹1,150
₹1,650
Long-term growth is tied to India’s consumer durables penetration (still below 50% for refrigerators in rural areas).
However, low dividend yield (0.58%) limits appeal for income-focused investors.
Strengths vs Risks
✅ Strengths
Zero debt and high cash reserves (₹2,262 Cr).
Strong brand recall and pan-India distribution.
Backed by a global parent with R&D and technology support.
High institutional ownership (47.3%) reflects professional confidence.
⚠️ Risks
Promoter stake reduced to 39.76%, signaling possible reduced control.
Profit volatility: Q3 FY26 net profit dropped nearly 40% YoY.
High valuation: P/E of 38x is expensive for modest ROE (9.6%).
Intense competition in a commoditized market with thin margins.
Investment Suitability
Factor
Assessment
Risk Profile
Moderate-to-High
Time Horizon
Long-term (5+ years)
Volatility
High
Dividend/Income
Low (0.58% yield)
Ideal Investor
Growth-oriented, brand-aware, can tolerate short-term swings
FAQs
Based on current fundamentals and market conditions, a realistic range is ₹920 to ₹1,100.
Assuming steady execution and stable demand, the 2030 target range is ₹1,150–₹1,650.
Data not available at the time of writing. Projections beyond 2030 are highly speculative due to technological shifts and market uncertainty.
It is a subsidiary of Whirlpool Corporation, USA. However, promoter holding has been reduced to 39.76% through recent block deals.
Yes, but modestly. The dividend yield is 0.58%, with a historical payout ratio of around 25%.
The stock declined due to promoter stake sales via block deals and a sharp drop in Q3 FY26 profits (down 39.8% YoY), despite revenue growth.
It has brand strength and a clean balance sheet, but faces high valuation, profit swings, and competitive pressure. Suitable only for investors who believe in its ability to innovate and retain market share.
Final Verdict
Whirlpool of India is a well-known brand with solid financials—debt-free, cash-rich, and profitable. However, its high P/E ratio, recent promoter dilution, and inconsistent earnings warrant caution. The 2026–2030 share price targets (₹920–₹1,650) reflect cautious optimism, assuming gradual operational improvement. Investors should monitor quarterly results, promoter actions, and market share trends closely before committing capital.
Disclaimer: Price targets are model-based estimates for educational purposes only. They are not investment advice. Please consult a SEBI-registered advisor before making any investment decision.
Hi, I’m Raj Mittal, a stock market content writer focused on company analysis, share price trends, and fundamental research. I create simple, research-based insights to help investors make smarter market decisions.
