TickerSutra

NSE: LGEINDIA · BSE: 544576 · ISIN INE324D01010

LG Electronics India Limited stock analysis

LG Electronics India Limited ranks #755 in the TickerSutra evidence-ranked universe with a score of 60/100 and 89% data confidence. The latest captured fundamentals show ROCE of 32.3%, quarterly sales growth of 15.5% and quarterly profit growth of 27.2%.
Complete evidence gate pass governance reviewUpdated 29 Sept 2026
TICKERSUTRA SCORE60/100

Monitor only

#755 of 5,430 ranked equities
Market capitalisation₹1,13,355.01cr
ROCE32.3%
Quarterly sales growth15.5%
Quarterly profit growth27.2%
P/E ratio62.1×
Promoter pledge0.0%

INVESTMENT EVIDENCE

What supports—and challenges—the thesis

Evidence in favour

  • ROCE is 32.3%
  • Low debt/equity of 0.06×
  • Institutional ownership is rising
  • CWIP indicates an active capacity pipeline
  • No promoter shares are reported as pledged

Risks and constraints

  • Valuation is above 40× earnings

Still unresolved: Related-party exposure · Broad media sentiment

FINANCIAL TRAJECTORY

Recent operating history

PeriodRevenueOperating profitNet profitOperating margin
2022₹16,834cr₹1,711cr₹1,175cr10.0%
2023₹19,865cr₹1,901cr₹1,345cr10.0%
2024₹21,352cr₹2,229cr₹1,511cr10.0%
2025₹24,367cr₹3,115cr₹2,203cr13.0%
2026₹24,605cr₹2,413cr₹1,685cr10.0%
TTM₹25,575cr₹2,593cr₹1,825cr10.0%
Debt / equity0.06×
CFO / EBITDA0.71×
Operating margin10.0%
Free cash flow₹549cr
Sales CAGR · 3Y7.4%
Profit CAGR · 3Y7.8%

EXCHANGE EVENT TRIGGERS

Latest corporate disclosures

0 positive catalysts0 negative catalysts6 routine filings

MANAGEMENT COMMENTARY

Signals from filed documents

Market share gainHigh severity · 20 mentions
Positive catalyst

These initiatives reinforce our leadership in the premium segment, while broadening our presence in the value segments, positioning us for sustainable growth across the portfolio. A favourable summer season is expected to further support the growth momentum and continue maintain market leadership. LG Electronics India Limited February 12, 2026 Page 7 of 16 Moving on to our Home Entertainment segment.

Pricing commentaryHigh severity · 5 mentions
Constructive

Our long-term fundamentals remains unchanged. Despite demand challenges, we implemented price increase in key home appliance categories, protecting profitability while expanding year - to-date market share. Q4, on the other side, has begun on a very strong note with broad -based sell-in growth across product lines led by category recovery in home appliance segment.

Management confidenceHigh severity · 4 mentions
Constructive

Despite these headwinds, we remain fundamentally strong. Q4 is historically our largest quarter, and we are confident of deliver double-digit revenue growth and EBITDA margin better than last year’s Q4 in mid -teen digits. Our overall outlook for FY '26 is to deliver early single-digit revenue growth with EBITDA margin in double-digit.

Raw material inflationHigh severity · 2 mentions
Risk easing

Overall, industry segment remains positive, with consumer preference for premium energy -efficient products and low penetration continues to provide opportunities in the volume zone. Margins continue to face pressure from elevated raw material cost and FX volatility, though industry-wide price adjustments are helping to partially mitigate these impacts. During this quarter, we will be launching a new range of RACs an

Demand slowdownHigh severity · 1 mention
Risk easing

The segment revenue from operations stood at INR13.26 billion, up by 1.7% year -on-year from INR13.05 billion in Q3 FY25. Margins, however, were impacted by the post-festival demand slowdown and input cost pressures, though the premium TVs and B2B opportunities provided resilience. Looking to Q4, the market continues to see traction in premium televisions supported by rising consumer preference for large screen forma

Capacity expansion plansHigh severity · 3 mentions
Positive catalyst

This customer-centric approach continues to support product innovation, premiumisation and long-term brand loyalty. ● Integrated Manufacturing and Localisation Strategy: The Company continues to strengthen its manufacturing capabilities in India through increased localisation and capacity expansion. Its growing domestic manufacturing footprint supports operational efficiency, supply chain agility and its ability to s

Export growthHigh severity · 1 mention
Positive catalyst

LGE India has established a clear roadmap to steer this strategy, termed as ‘EXCEL’, defined by: EX C E L Export expansion Capability of new factory production Expansion of market leadership, brand and new business Localisation EX- Export Expansion E- Expansion of market leadership, brand and new business C- Capability of new factory production L- Localisation Export expansion remains the most important strategic pil

Margin expansionHigh severity · 1 mention
Positive catalyst

Under its “Make-in-India” strategy, the Company is scaling manufacturing operations at its Sri City facility to cater to both domestic and export demand. It also intends to deepen component localisation to reduce import dependency, strengthen supply chain resilience and support margin improvement over the long term. Through its Make India Global initiative, the Company aims to position India as a key manufacturing an

Export market updatesHigh severity · 10 mentions
Constructive

A key milestone is the upcoming expansion of our manufacturing capability with INR5,000 crores, investment in our Sri City plant in Andhra Pradesh. This facility is poised to become a strategic asset for both domestic operations and export markets, enhancing production capacity, improving logistics efficiency and supporting our localization roadmap. The project is progressing in line with our internal targets and we

Pricing pressureHigh severity · 1 mention
Risk easing

The distribution landscape is undergoing a structural transformation, with e-commerce emerging as an increasingly important sales channel alongside traditional retail formats. Consumers are increasingly adopting omnichannel purchasing behaviour, supported by wider product selection, competitive pricing, improved delivery networks and enhanced after-sales service capabilities. This evolving retail ecosystem is enablin

Backward integrationHigh severity · 1 mention
Positive catalyst

Sanjay Chitkara: So, we acknowledge that there was a price increase in input costs, particularly metals like copper and aluminium, But we are a global company and we have a massive large scale global procurement. And we have a very long -term raw material contract with our vendors and a excellent backward integration, so we can secure the best price for raw materials which helps manage and mitigate the volatility. Th

Niche productsHigh severity · 1 mention
Positive catalyst

The Company expects its market leadership getting strengthened across all major product categories in India, going forward. At the same time, it will continue to launch differentiated products and expand investments in new business areas. In terms of expansion of production capability, the Company’s third manufacturing facility in Sri City is on track to start operations with production of compressors in the third qu

HOW TO READ THIS PAGE

Evidence, freshness and limitations

What does the TickerSutra score mean?

The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.

Which sources support this page?

Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.

Why can an item be unresolved?

Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.

Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer

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