LGEINDIA
LG Electronics India share price & financials
- Price
- ₹1,647.8
- Market cap
- ₹1.1L Cr
- Sector
- Consumer Durables
- Calls analysed
- 4
LG Electronics India Limited Q1 FY27
What went well
- Revenue from operations grew 15.5% YoY to ₹72.33 billion, driven by portfolio-wide double-digit growth across all key categories.
- EBITDA margin expanded by 110 bps YoY to 12.5%, reaching ₹9.04 billion, despite industry-wide raw material cost pressures.
- Net profit increased by 27.2% YoY to ₹6.53 billion, with a PAT margin of 8.9%.
What to watch
- Shareholders expressed interest in dividend payout, but the company is prioritizing significant capex for the Sri City plant, deferring dividend review.
- Raw material cost inflation and currency depreciation remain ongoing challenges, though management states they are being actively managed through various strategies.
What LG Electronics India Limited does
LG Electronics India Limited is the Indian subsidiary of South Korea's LG Electronics, manufacturing and selling home appliances, air-conditioning products, and home entertainment electronics such as televisions, monitors and audio-visual equipment. It operates through two reportable business segments, Home Appliances & Air Solution and Home Entertainment, sold via consumer retail, e-commerce and a growing B2B/government/institutional channel, alongside a non-hardware AMC (annual maintenance contract) business. The company manufactures locally under a 'Make in India' strategy and is expanding its export business, shipping large-capacity refrigerators to advanced markets and its Essential Series to neighbouring countries.
Segments
- Home Appliances & Air Solution (H&A)
- Home Entertainment (HE)
- Manufacturing plants
- 3 (including a new plant under construction in Sri City, Andhra Pradesh)
- Existing manufacturing location
- Pune plant (produces double-door refrigerators, e.g. 674L and 790L)
- Sri City plant (under construction) planned output
- Compressors and room air conditioners
- Market leadership
- Market leader across washing machines, refrigerators, air conditioners and televisions
- OLED TV market position
- Market leader in the premium OLED TV category
- Export markets
- Large-capacity refrigerators exported to advanced markets; Essential Series exported to neighbouring countries
Guidance record · Q1 FY27
what the last two calls moved 13 tracked 0 delivered 3 missed 10 open- Q4 FY26 Revenue and Margin missed said Q3 FY26 Promised: Deliver double-digit revenue growth and EBITDA margin better than last year's Q4 in mid-teen digits. Q1 FY27: No new information; promise concluded in Q4 FY26.
- Localization Rate revised down said Q2 FY26 Promised: Target is to continue this 2% to 3% localization further in the next coming three to four years, and we want to take it to around 70%. Q1 FY27: Target revised down. Management now aims for 65% over the next 3-4 years, a reduction from the original goal of 'around 70%'.
- Sri City RAC Plant Operationalization on track said Q2 FY26 Promised: Room air conditioners, which will be operational by October 2026 Q1 FY27: Management reiterated that room air conditioner production will start in Q4 FY27, confirming the previously delayed timeline is being adhered to.
All 13 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 15.5%, net profit up 27.3% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 6,114 | 4,396 | 7,448 | 6,263 | 6,174 +1% | 4,114 −6% | 8,054 +8% | 7,233 +15% |
| EBITDA | 757 | 340 | 1,048 | 716 | 548 −28% | 196 −42% | 945 −10% | 904 +26% |
| Net profit | 536 | 233 | 755 | 513 | 389 −27% | 90 −61% | 693 −8% | 653 +27% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −3.1% 1Y
1Y: ₹1,689.9 on 14 Oct 2025 → ₹1,636.8. High ₹1,729.7 (14 Aug 2026), low ₹1,318.8 (2 Apr 2026).
How the price took the results
close before → close after
- Q1 FY27
- +9.6%
- 14 Aug
- Q4 FY26
- −2.6%
- 22 May
- Q3 FY26
- −3.3%
- 12 Feb
- Q2 FY26
- −3.3%
- 14 Nov
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
| Year ending | FY26 |
|---|---|
| Revenue | ₹24.6k Cr |
| Operating profit | ₹2.4k Cr |
| Operating margin | 9.8% |
| Interest | ₹40 Cr |
| Depreciation | ₹396 Cr |
| Net profit | ₹1.7k Cr |
| Net margin | 6.8% |
| Cash from operations | ₹1.7k Cr |
| Free cash flow | ₹549 Cr |
| ROCE | 32.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹113 Cr | ₹113 Cr | ₹113 Cr | ₹113 Cr | ₹679 Cr | ₹679 Cr |
| Reserves | ₹6.5k Cr | ₹5.4k Cr | ₹4.2k Cr | ₹3.7k Cr | ₹6.2k Cr | ₹7.0k Cr |
| Borrowings | ₹0 Cr | ₹0 Cr | ₹318 Cr | ₹370 Cr | ₹473 Cr | ₹459 Cr |
| Other liabilities | ₹4.5k Cr | ₹3.9k Cr | ₹4.3k Cr | ₹4.4k Cr | ₹5.3k Cr | ₹5.5k Cr |
| Total liabilities | ₹11.1k Cr | ₹9.4k Cr | ₹9.0k Cr | ₹8.5k Cr | ₹12.6k Cr | ₹13.6k Cr |
| Fixed assets | ₹1.0k Cr | ₹1.0k Cr | ₹1.3k Cr | ₹1.3k Cr | ₹1.4k Cr | ₹1.6k Cr |
| Capital work in progress | ₹34 Cr | ₹103 Cr | ₹25 Cr | ₹24 Cr | ₹167 Cr | ₹458 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹10.0k Cr | ₹8.3k Cr | ₹7.6k Cr | ₹7.2k Cr | ₹11.0k Cr | ₹11.6k Cr |
| Total assets | ₹11.1k Cr | ₹9.4k Cr | ₹9.0k Cr | ₹8.5k Cr | ₹12.6k Cr | ₹13.6k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Dec 2025, the public trimmed −0.82 pp while DIIs added +0.69 pp. The shareholder count shrank 16% to 9,19,561.
- Promoters
- 85.0%
- FIIs
- 3.1%
- DIIs
- 7.8%
- Public
- 4.0%
Since Dec 2025
- Public −0.82 pp
- DIIs +0.69 pp
- FIIs +0.13 pp
How it drifted, 3 quarters
Ownership split by quarter, oldest first. Dec '25: Promoters 85.0%, FIIs 3.0%, DIIs 7.2%, Public 4.8%.Mar '26: Promoters 85.0%, FIIs 2.7%, DIIs 8.0%, Public 4.3%.Jun '26: Promoters 85.0%, FIIs 3.1%, DIIs 7.8%, Public 4.0%.
Who is on the register
Named in the Jun 2026 filing
Every holder of LG Electronics India Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Lg Electronics Inc | 85.00% | unchanged |
| LG Electronics (Shenyang) Co., Ltd. | 0.00% | unchanged |
| LG Electronics (Tianjin) Appliances Co., Ltd. | 0.00% | unchanged |
| LG Electronics Ticaret A.S. | 0.00% | unchanged |
| Taizhou LG Electronics Refrigeration Co., Ltd. | 0.00% | unchanged |
| LG Electronics Taiwan Taipei Co., Ltd. | 0.00% | unchanged |
| LG Electronics Ukraine | 0.00% | unchanged |
| LG Electronics Uzbekistan FE LLC | 0.00% | unchanged |
| LG Electronics U.S.A., Inc. | 0.00% | unchanged |
| LG Electronics Alabama Inc. | 0.00% | unchanged |
| LGEUS Power, LLC | 0.00% | unchanged |
| Ccp-Lge Owner, Llc | 0.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Mutual funds in LGEINDIA
Filings to Aug 2026
1 new, 5 added, 1 trimmed, 0 sold out — net +18.14 L shares (+27.1%).
- Held by funds
- ₹1.4k Cr
- 19 schemes
- Biggest holder
- Nippon India Multi Cap Fund
- ₹307 Cr · 0.5% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| Nippon India Multi Cap Fund Nippon India Mutual Fund | ₹307 Cr | new | Aug '26 |
| Nippon India Growth Mid Cap Fund Nippon India Mutual Fund | ₹294 Cr | held | Oct '25 |
| SBI Large and Midcap Fund SBI Mutual Fund | ₹187 Cr | held | Oct '25 |
| Nippon India Multi Asset Allocation Fund Nippon India Mutual Fund | ₹170 Cr | held | Oct '25 |
| Nippon India ELSS Tax Saver Fund Nippon India Mutual Fund | ₹102 Cr | held | Mar '26 |
| HDFC Balanced Advantage Fund HDFC Mutual Fund | ₹99 Cr | held | Oct '25 |
| Nippon India Balanced Advantage Fund Nippon India Mutual Fund | ₹61 Cr | held | Oct '25 |
| Nippon India Innovation Fund Nippon India Mutual Fund | ₹58 Cr | held | Oct '25 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Aug 2026
5 added, 1 trimmed — net +18.14 L shares (+27.1%)
- Funds are sitting on
- +2%
- vs est. average cost
- Held by funds
- ₹1.4k Cr
- 19 schemes · ≈ 1.3% of the company
- Biggest holder
- Nippon India Multi Cap Fund
- ₹307 Cr · 0.5% of that fund
- Longest holder
- Nippon India Growth Mid Cap Fund
- 11 mo · since Oct '25
Shares held by these funds +20%
Oct '25 67.02 L shares Jul '26
What the price assumes
- Growth the price implies
- 36.1% a year
- for 7 years, fading to 4%
- It has actually compounded at
- Not enough history
- The gap
- —
- between what it did and what it must do
All earnings calls (4)
Read the Q1 FY27 call →Learn to analyse LG Electronics India Limited
Guides on how to read this kind of business and the numbers that matter.