WHIRLPOOL
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Indian consumer durables rise after GST cut on ACs, TVs, footwear
** Consumer durables NIFTY .NIFCODU rises 0.66% as India reduces GST on ACs, dishwashers, and many TVs to 18% from 28%
** Sub-index set to rise for sixth straight session
** Cut bodes well from long-term perspective for sector, especially for AC companies as it is significantly under-penetrated - ICICI Securities
** Adds, Voltas VOLT.NS, Blue Star BLUS.NS and Whirlpool WHIR.NS direct beneficiaries, as festive season looms
** VOLT down 0.7%; WHIR, BLUS rise 1.8% and 1.4%, respectively
** Footwear retailer Bata India BATA.NS gains most on index at 6.3%; Goldman Sachs says GST on 40% of Bata's sales under 1,000 rupees will drop to 5% from 12%, most of rest under 2,500 rupees will move to 5% from 18%
** Index up 8.4% since GST plans announced on Aug 15
(Reporting by Urvi Dugar)
** Consumer durables NIFTY .NIFCODU rises 0.66% as India reduces GST on ACs, dishwashers, and many TVs to 18% from 28%
** Sub-index set to rise for sixth straight session
** Cut bodes well from long-term perspective for sector, especially for AC companies as it is significantly under-penetrated - ICICI Securities
** Adds, Voltas VOLT.NS, Blue Star BLUS.NS and Whirlpool WHIR.NS direct beneficiaries, as festive season looms
** VOLT down 0.7%; WHIR, BLUS rise 1.8% and 1.4%, respectively
** Footwear retailer Bata India BATA.NS gains most on index at 6.3%; Goldman Sachs says GST on 40% of Bata's sales under 1,000 rupees will drop to 5% from 12%, most of rest under 2,500 rupees will move to 5% from 18%
** Index up 8.4% since GST plans announced on Aug 15
(Reporting by Urvi Dugar)
MEDIA-Reliance Retail, Havells India in race to buy controlling stake in Whirlpool of India - ET
- Source link: (https://bitl.to/4ixR)
- Note: Reuters has not verified this story and does not vouch for its accuracy
(Bengaluru newsroom)
(([email protected]; +91 80 6749 1310;))
- Source link: (https://bitl.to/4ixR)
- Note: Reuters has not verified this story and does not vouch for its accuracy
(Bengaluru newsroom)
(([email protected]; +91 80 6749 1310;))
Whirlpool's India climbs on higher quarterly profit
** Whirlpool of India WHIR.NS gains 2% to 1,318 rupees
** Appliances maker beat fourth-quarter earnings estimates on strong demand for its cooling products ahead of summer
** Avg rating of analysts on WHIR is "buy"; median PT is 1,275 rupees - data compiled by LSEG
** Stock trims YTD losses to 29.6%
(Reporting by Kashish Tandon in Bengaluru)
** Whirlpool of India WHIR.NS gains 2% to 1,318 rupees
** Appliances maker beat fourth-quarter earnings estimates on strong demand for its cooling products ahead of summer
** Avg rating of analysts on WHIR is "buy"; median PT is 1,275 rupees - data compiled by LSEG
** Stock trims YTD losses to 29.6%
(Reporting by Kashish Tandon in Bengaluru)
Whirlpool Of India Board Recommends Final Dividend Of 5 Rupees Per Share
May 20 (Reuters) - Whirlpool of India Ltd WHIR.NS:
WHIRLPOOL OF INDIA LTD - BOARD RECOMMENDS FINAL DIVIDEND OF 5 RUPEES PER SHARE
Source text: ID:nBSE7LP7tp
Further company coverage: WHIR.NS
(([email protected];))
May 20 (Reuters) - Whirlpool of India Ltd WHIR.NS:
WHIRLPOOL OF INDIA LTD - BOARD RECOMMENDS FINAL DIVIDEND OF 5 RUPEES PER SHARE
Source text: ID:nBSE7LP7tp
Further company coverage: WHIR.NS
(([email protected];))
Whirlpool's India unit rises on report PE firms eyeing stake
** Shares of Whirlpool of India WHIR.NS rises 8.7% to 1,304 rupees
** Bain Capital, TPG, Carlyle, KKR, Advent International among private equity funds vying for stake in the Indian arm of Whirlpool WHR.N, Economic Times reports
** Whirlpool had previously announced plans to halve its stake in the Indian unit to 20%
** Bain, TPG, Carlyle, KKR, Advent and Whirlpool did not immediately respond to Reuters' requests for comment
** About 1.6 mln shares traded vs 30-day avg of ~600,000
** YTD, WHIR has fallen 29%
(Reporting by Hritam Mukherjee and Yagnoseni Das in Bengaluru)
(([email protected];))
** Shares of Whirlpool of India WHIR.NS rises 8.7% to 1,304 rupees
** Bain Capital, TPG, Carlyle, KKR, Advent International among private equity funds vying for stake in the Indian arm of Whirlpool WHR.N, Economic Times reports
** Whirlpool had previously announced plans to halve its stake in the Indian unit to 20%
** Bain, TPG, Carlyle, KKR, Advent and Whirlpool did not immediately respond to Reuters' requests for comment
** About 1.6 mln shares traded vs 30-day avg of ~600,000
** YTD, WHIR has fallen 29%
(Reporting by Hritam Mukherjee and Yagnoseni Das in Bengaluru)
(([email protected];))
LG Electronics delays India unit IPO on market jitters, source says
Rewrites with information from a source with direct knowledge of the matter
By Aditya Kalra and Heekyong Yang
NEW DELHI/SEOUL, April 23 (Reuters) - South Korea's LG Electronics 066570.KS has delayed its Indian unit's LGEL.NS IPO plans due to market volatility and is now targeting launching the offering in the second or third quarter of fiscal year 2025-2026, instead of May, a source with direct knowledge said on Wednesday.
U.S. President Donald Trump's on-again-off-again tariffs have sparked trade uncertainty and roiled markets globally, with India's benchmark Nifty 50 index .NSEI roughly 8% off its record high hit in September 2024.
LG Electronics' India unit filed for an initial public offering in December, and had targeted to launch the offering in May to cash in on the country's growing demand for consumer durables.
That timeline is now delayed, said the source, who declined to be named as the discussions are private.
"The timeline is (now) being shifted. The tentative (target) now is second quarter of financial year 2026, and can even be pushed to the third quarter," said the source.
"The timeline is on pause given the market sentiment because of Trump and tariffs," the person added, saying roadshows and investor engagements for the IPO would continue.
In a statement, LG said procedures for its India IPO were currently underway and "the final decision on the listing will be made based on market conditions and other relevant factors."
"No definitive plans have been confirmed at this time. We are closely monitoring the market and will consider a strategic timing that ensures a proper valuation of the company," it added.
Bloomberg News, which was the first to report that the company has paused work on the IPO of its Indian unit, said that the local unit's valuation could have dipped to between $10.5 billion and $11.5 billion, versus earlier expectations for as much as $15 billion.
This week, Indian e-scooter maker Ather Energy ATHR.NS cut its fresh share sale size in its IPO by 15%, slashing its target valuation by 44%.
LG Electronics sells consumer appliances such as refrigerators and washing machines in India and competes with Whirlpool WHR.N, WHIR.NS and Samsung 005930.KS in the domestic market, expected to grow 12% annually till 2029, according to consultancy firm RedSeer.
(Reporting by Aditya Kalra in New Delhi, Hritam Mukherjee in Bengaluru and Heekyong Yang in Seoul; Editing by Nivedita Bhattacharjee and Mrigank Dhaniwala)
(([email protected]; X: @MukherjeeHritam;))
Rewrites with information from a source with direct knowledge of the matter
By Aditya Kalra and Heekyong Yang
NEW DELHI/SEOUL, April 23 (Reuters) - South Korea's LG Electronics 066570.KS has delayed its Indian unit's LGEL.NS IPO plans due to market volatility and is now targeting launching the offering in the second or third quarter of fiscal year 2025-2026, instead of May, a source with direct knowledge said on Wednesday.
U.S. President Donald Trump's on-again-off-again tariffs have sparked trade uncertainty and roiled markets globally, with India's benchmark Nifty 50 index .NSEI roughly 8% off its record high hit in September 2024.
LG Electronics' India unit filed for an initial public offering in December, and had targeted to launch the offering in May to cash in on the country's growing demand for consumer durables.
That timeline is now delayed, said the source, who declined to be named as the discussions are private.
"The timeline is (now) being shifted. The tentative (target) now is second quarter of financial year 2026, and can even be pushed to the third quarter," said the source.
"The timeline is on pause given the market sentiment because of Trump and tariffs," the person added, saying roadshows and investor engagements for the IPO would continue.
In a statement, LG said procedures for its India IPO were currently underway and "the final decision on the listing will be made based on market conditions and other relevant factors."
"No definitive plans have been confirmed at this time. We are closely monitoring the market and will consider a strategic timing that ensures a proper valuation of the company," it added.
Bloomberg News, which was the first to report that the company has paused work on the IPO of its Indian unit, said that the local unit's valuation could have dipped to between $10.5 billion and $11.5 billion, versus earlier expectations for as much as $15 billion.
This week, Indian e-scooter maker Ather Energy ATHR.NS cut its fresh share sale size in its IPO by 15%, slashing its target valuation by 44%.
LG Electronics sells consumer appliances such as refrigerators and washing machines in India and competes with Whirlpool WHR.N, WHIR.NS and Samsung 005930.KS in the domestic market, expected to grow 12% annually till 2029, according to consultancy firm RedSeer.
(Reporting by Aditya Kalra in New Delhi, Hritam Mukherjee in Bengaluru and Heekyong Yang in Seoul; Editing by Nivedita Bhattacharjee and Mrigank Dhaniwala)
(([email protected]; X: @MukherjeeHritam;))
Whirlpool Of India Q3 Consol Net Profit 439.6 Million Rupees
Feb 4 (Reuters) - Whirlpool of India Ltd WHIR.NS:
WHIRLPOOL OF INDIA Q3 CONSOL NET PROFIT 439.6 MILLION RUPEES; IBES EST. 476.2 MILLION RUPEES
WHIRLPOOL OF INDIA Q3 CONSOL REVENUE FROM OPERATIONS 17.05 BILLION RUPEES; IBES EST. 17.21 BILLION RUPEES
Source text: [ID:]
Further company coverage: WHIR.NS
(([email protected];))
Feb 4 (Reuters) - Whirlpool of India Ltd WHIR.NS:
WHIRLPOOL OF INDIA Q3 CONSOL NET PROFIT 439.6 MILLION RUPEES; IBES EST. 476.2 MILLION RUPEES
WHIRLPOOL OF INDIA Q3 CONSOL REVENUE FROM OPERATIONS 17.05 BILLION RUPEES; IBES EST. 17.21 BILLION RUPEES
Source text: [ID:]
Further company coverage: WHIR.NS
(([email protected];))
Jefferies upgrades Whirlpool India to 'hold' after sharp fall, budget tax relief
** Whirlpool of India WHIR.NS up 3.7% at 1219.95 rupees
** Jefferies raises to 'hold' from 'underperform', saying budget's income tax cuts is positive for consumer durables demand
** Says WHIR's valuation is better after sharp ~35% slide as parent Whirlpool WHR.N cuts stake; adds that could give WHIR more autonomy
** Raises FY26-27 EPS estimates by 5-8%, with FY25-27 profit CAGR at +22%
** Stock rated 'buy' on avg by 12 analysts, mean PT of 2032 implies a ~67% upside -LSEG
(Reporting by Ananta Agarwal in Bengaluru)
** Whirlpool of India WHIR.NS up 3.7% at 1219.95 rupees
** Jefferies raises to 'hold' from 'underperform', saying budget's income tax cuts is positive for consumer durables demand
** Says WHIR's valuation is better after sharp ~35% slide as parent Whirlpool WHR.N cuts stake; adds that could give WHIR more autonomy
** Raises FY26-27 EPS estimates by 5-8%, with FY25-27 profit CAGR at +22%
** Stock rated 'buy' on avg by 12 analysts, mean PT of 2032 implies a ~67% upside -LSEG
(Reporting by Ananta Agarwal in Bengaluru)
State owned firms, Bajaj Finance lead India's benchmarks higher
** India's benchmark Nifty 50 .NSEI and Sensex .BSESN indexes up about 0.3% each
** Benchmarks on a three-day run, but still down 1.6% in Jan
** Recen correction has made large-caps attractive, analysts say
** Public sector enterprises .NIFTYPSE rise 2%, with 18 of 20 members higher, on expectations of government focus on public spending and infrastructure in union budget on Feb. 1, per analysts
** Non-bank lender Bajaj Finance BJFN.NS gains 3% after posting a bigger quarterly profit due to strong loan growth
** Tata Motors TAMO.NS falls 6% after reporting a smaller quarter profit, hurt by weak car sales
** Whirlpool of India WHIR.NS tumbles 20% after parent Whirlpool Corp WHR.NS says to cut stake to 20% from 51%
** Small-caps .NIFSMCP100 and mid-caps .NIFMDCP100 up 0.6% and 0.3%, respectively
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463;))
** India's benchmark Nifty 50 .NSEI and Sensex .BSESN indexes up about 0.3% each
** Benchmarks on a three-day run, but still down 1.6% in Jan
** Recen correction has made large-caps attractive, analysts say
** Public sector enterprises .NIFTYPSE rise 2%, with 18 of 20 members higher, on expectations of government focus on public spending and infrastructure in union budget on Feb. 1, per analysts
** Non-bank lender Bajaj Finance BJFN.NS gains 3% after posting a bigger quarterly profit due to strong loan growth
** Tata Motors TAMO.NS falls 6% after reporting a smaller quarter profit, hurt by weak car sales
** Whirlpool of India WHIR.NS tumbles 20% after parent Whirlpool Corp WHR.NS says to cut stake to 20% from 51%
** Small-caps .NIFSMCP100 and mid-caps .NIFMDCP100 up 0.6% and 0.3%, respectively
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463;))
India's PG Electroplast jumps on deal with Whirlpool of India
** PG Electroplast PGEL.NS rises as much as 5.3% at 1,001 rupees
** Consumer electronics maker and Whirlpool of India WHIR.NS sign deal to contract manufacture select Whirlpool-branded semi-automatic washing machines at PGEL's Roorkee plant
** No financial details have been disclosed yet
** Stock set to gain for second straight month; added 38.1% so far in December
** PGEL rated "buy" on avg; median PT is 679.5 rupees - LSEG
** Stock last up 4.9%, extending YTD gains to 320%
(Reporting by Meenakshi Maidas in Bengaluru)
(([email protected];))
** PG Electroplast PGEL.NS rises as much as 5.3% at 1,001 rupees
** Consumer electronics maker and Whirlpool of India WHIR.NS sign deal to contract manufacture select Whirlpool-branded semi-automatic washing machines at PGEL's Roorkee plant
** No financial details have been disclosed yet
** Stock set to gain for second straight month; added 38.1% so far in December
** PGEL rated "buy" on avg; median PT is 679.5 rupees - LSEG
** Stock last up 4.9%, extending YTD gains to 320%
(Reporting by Meenakshi Maidas in Bengaluru)
(([email protected];))
PG Electroplast Says Whirlpool, Co Join Hands
Dec 23 (Reuters) - PG Electroplast Ltd PGEL.NS:
PG ELECTROPLAST LTD - TO MANUFACTURE WHIRLPOOL SKUS AT ROORKEE FACTORY
PG ELECTROPLAST LTD - WHIRLPOOL, PG ELECTROPLAST JOIN HANDS
Source text: ID:nNSEbl3hNZ
Further company coverage: PGEL.NS
(([email protected];))
Dec 23 (Reuters) - PG Electroplast Ltd PGEL.NS:
PG ELECTROPLAST LTD - TO MANUFACTURE WHIRLPOOL SKUS AT ROORKEE FACTORY
PG ELECTROPLAST LTD - WHIRLPOOL, PG ELECTROPLAST JOIN HANDS
Source text: ID:nNSEbl3hNZ
Further company coverage: PGEL.NS
(([email protected];))
LG Electronics' India arm files for IPO amid strong consumer durables demand (Dec 6)
Corrects paragraph 5 of Dec. 6 story to say foreign investors turned net "buyers", not "sellers"
By Manvi Pant and Hritam Mukherjee
Dec 6 (Reuters) - The Indian unit of South Korea's LG Electronics 066570.KS filed for an initial public offering on Friday to cash in on the country's growing demand for consumer durables amid higher appetite for IPOs.
The Indian firm said its parent company will sell 101.8 million shares as part of the offering. No new shares will be issued for sale.
The IPO for LG Electronics India, which sells washing machines and refrigerators, is valued at 152.37 billion rupees ($1.80 billion), as per a Moneycontrol report, ranking it among the top five in the country this year.
About 298 companies listed on the Indian bourses have raised $16.65 billion in 2024, as per data compiled by S&P Global Market Intelligence - more than double the amount raised last year.
However, Indian stock markets, which saw a recent downtrend, have since moderated as foreign investors turned net buyers last month. This volatility in market conditions poses some risk for the IPO's listing, said Mahesh Ojha, research analyst at Hensex Securities.
"LG faces increasing competition against its rivals and the focus would now be on pricing for the IPO," Ojha added.
India's appliances and electronics market is projected to grow about 12% in the next five years, as per LG's analysis, which cited Bangalore-based consultancy firm RedSeer.
The growth in the sector is expected to unfold on the back of increasing penetration of appliances and electronics in both urban and rural areas, the draft prospectus showed.
LG Electronics India competes with Whirlpool of India WHIR.NS, Samsung's 005930.KS India unit among others in the domestic market, and reported a profit of 15.11 billion rupees in the last fiscal, 12% higher than fiscal 2023.
Morgan Stanley, J.P. Morgan, BofA Securities and Citi are among the IPO's lead book-running managers.
($1 = 84.6650 Indian rupees)
(Reporting by Manvi Pant in Bengaluru; Editing by Shailesh Kuber and Janane Venkatraman)
(([email protected]; +918447554364;))
Corrects paragraph 5 of Dec. 6 story to say foreign investors turned net "buyers", not "sellers"
By Manvi Pant and Hritam Mukherjee
Dec 6 (Reuters) - The Indian unit of South Korea's LG Electronics 066570.KS filed for an initial public offering on Friday to cash in on the country's growing demand for consumer durables amid higher appetite for IPOs.
The Indian firm said its parent company will sell 101.8 million shares as part of the offering. No new shares will be issued for sale.
The IPO for LG Electronics India, which sells washing machines and refrigerators, is valued at 152.37 billion rupees ($1.80 billion), as per a Moneycontrol report, ranking it among the top five in the country this year.
About 298 companies listed on the Indian bourses have raised $16.65 billion in 2024, as per data compiled by S&P Global Market Intelligence - more than double the amount raised last year.
However, Indian stock markets, which saw a recent downtrend, have since moderated as foreign investors turned net buyers last month. This volatility in market conditions poses some risk for the IPO's listing, said Mahesh Ojha, research analyst at Hensex Securities.
"LG faces increasing competition against its rivals and the focus would now be on pricing for the IPO," Ojha added.
India's appliances and electronics market is projected to grow about 12% in the next five years, as per LG's analysis, which cited Bangalore-based consultancy firm RedSeer.
The growth in the sector is expected to unfold on the back of increasing penetration of appliances and electronics in both urban and rural areas, the draft prospectus showed.
LG Electronics India competes with Whirlpool of India WHIR.NS, Samsung's 005930.KS India unit among others in the domestic market, and reported a profit of 15.11 billion rupees in the last fiscal, 12% higher than fiscal 2023.
Morgan Stanley, J.P. Morgan, BofA Securities and Citi are among the IPO's lead book-running managers.
($1 = 84.6650 Indian rupees)
(Reporting by Manvi Pant in Bengaluru; Editing by Shailesh Kuber and Janane Venkatraman)
(([email protected]; +918447554364;))
Whirlpool Of India Sept-Quarter Consol Net Profit 520.2 Mln Rupees
Nov 8 (Reuters) - Whirlpool of India Ltd WHIR.NS:
SEPT-QUARTER CONSOL NET PROFIT 520.2 MILLION RUPEES
SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 17.13 BILLION RUPEES
Source text: ID:nNSE9sg0XV
Further company coverage: WHIR.NS
(([email protected];;))
Nov 8 (Reuters) - Whirlpool of India Ltd WHIR.NS:
SEPT-QUARTER CONSOL NET PROFIT 520.2 MILLION RUPEES
SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 17.13 BILLION RUPEES
Source text: ID:nNSE9sg0XV
Further company coverage: WHIR.NS
(([email protected];;))
Elica Sells 4.78% Stake In Elica PB India To Whirlpool Of India For EUR 8.2 Mln
Sept 19 (Reuters) - Elica SpA ELC.MI:
SELLS 4.78% STAKE IN ELICA PB INDIA TO WHIRLPOOL OF INDIA FOR EUR 8.2 MILLION
ELICA AND GROUP OF OTHER INDIAN MINORITY SHAREHOLDERS TO KEEP STAKE OF AROUND 1.59 % EACH
DISTRIBUTION OF BRAND IN INDIA, NEPAL, BANGLADESH MANAGED BY WHIRLPOOL OF INDIA UNTIL 2038, WITH ROYALTY MECHANISM BOOSTING ELICA EPS
Further company coverage: ELC.MI
(Gdansk Newsroom)
(([email protected]; +48 58 769 66 00;))
Sept 19 (Reuters) - Elica SpA ELC.MI:
SELLS 4.78% STAKE IN ELICA PB INDIA TO WHIRLPOOL OF INDIA FOR EUR 8.2 MILLION
ELICA AND GROUP OF OTHER INDIAN MINORITY SHAREHOLDERS TO KEEP STAKE OF AROUND 1.59 % EACH
DISTRIBUTION OF BRAND IN INDIA, NEPAL, BANGLADESH MANAGED BY WHIRLPOOL OF INDIA UNTIL 2038, WITH ROYALTY MECHANISM BOOSTING ELICA EPS
Further company coverage: ELC.MI
(Gdansk Newsroom)
(([email protected]; +48 58 769 66 00;))
India's electronics makers posted best EPS growth in Q1, says Jefferies
** India's small- and mid-cap firms in Jefferies' coverage universe post 36% EPS growth in June-qtr, with over 50% beating expectations
** Says top performers were electronics makers like Kaynes KAYN.NS, Amber Enterprises AMBE.NS and Dixon DIXO.NS
** Second-best were summer beneficiaries Voltas VOLT.NS, Blue Star BLUS.NS, Whirlpool of India WHIR.NS, Crompton Greaves CROP.NS, Havells HVEL.NS and V Guard VGUA.NS
** Third-best were capex and housing-linked firms like Polycab POLC.NS, Supreme Industries SUPI.NS, Pidilite PIDI.NS
** Says its top picks are V Guard, Supreme Industries, Amber Industries
** Has "buy" ratings on Voltas, Blue Star and Finolex Cables FNXC.NS
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463;))
** India's small- and mid-cap firms in Jefferies' coverage universe post 36% EPS growth in June-qtr, with over 50% beating expectations
** Says top performers were electronics makers like Kaynes KAYN.NS, Amber Enterprises AMBE.NS and Dixon DIXO.NS
** Second-best were summer beneficiaries Voltas VOLT.NS, Blue Star BLUS.NS, Whirlpool of India WHIR.NS, Crompton Greaves CROP.NS, Havells HVEL.NS and V Guard VGUA.NS
** Third-best were capex and housing-linked firms like Polycab POLC.NS, Supreme Industries SUPI.NS, Pidilite PIDI.NS
** Says its top picks are V Guard, Supreme Industries, Amber Industries
** Has "buy" ratings on Voltas, Blue Star and Finolex Cables FNXC.NS
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463;))
Whirlpool Of India Q1 Consol Net Profit 1.44 Billion Rupees
July 29 (Reuters) - Whirlpool of India Ltd WHIR.NS:
WHIRLPOOL OF INDIA Q1 CONSOL NET PROFIT 1.44 BILLION RUPEES; IBES EST. 1.27 BILLION RUPEES
WHIRLPOOL OF INDIA Q1 CONSOL REVENUE FROM OPERATIONS 24.97 BILLION RUPEES; IBES EST. 23.06 BILLION RUPEES
Source text for Eikon: [ID:]
Further company coverage: WHIR.NS
(([email protected];))
July 29 (Reuters) - Whirlpool of India Ltd WHIR.NS:
WHIRLPOOL OF INDIA Q1 CONSOL NET PROFIT 1.44 BILLION RUPEES; IBES EST. 1.27 BILLION RUPEES
WHIRLPOOL OF INDIA Q1 CONSOL REVENUE FROM OPERATIONS 24.97 BILLION RUPEES; IBES EST. 23.06 BILLION RUPEES
Source text for Eikon: [ID:]
Further company coverage: WHIR.NS
(([email protected];))
Whirlpool Of India Clarifies On "Bosch Weighs Offer For Appliance Maker Whirlpool"
June 27 (Reuters) - Whirlpool of India Ltd WHIR.NS:
CLARIFICATION ON "BOSCH WEIGHS OFFER FOR APPLIANCE MAKER WHIRLPOOL, SAY SOURCES"
SAID NEWS ARTICLE RELATES TO OUR ULTIMATE HOLDING COMPANY I.E. WHIRLPOOL CORPORATION, US AND NOT WHIRLPOOL OF INDIA
WE DO NOT COMMENT ON MARKET RUMORS OR SPECULATION
Further company coverage: WHIR.NS
(([email protected];))
June 27 (Reuters) - Whirlpool of India Ltd WHIR.NS:
CLARIFICATION ON "BOSCH WEIGHS OFFER FOR APPLIANCE MAKER WHIRLPOOL, SAY SOURCES"
SAID NEWS ARTICLE RELATES TO OUR ULTIMATE HOLDING COMPANY I.E. WHIRLPOOL CORPORATION, US AND NOT WHIRLPOOL OF INDIA
WE DO NOT COMMENT ON MARKET RUMORS OR SPECULATION
Further company coverage: WHIR.NS
(([email protected];))
Whirlpool of India hits near 2-year high on HUL agreement
** Shares of Whirlpool of India Ltd WHIR.NS rise as much as 2.8% to 1,837.80 rupees, hitting its highest since Sept. 8, 2022
** Home appliances maker says, it has entered into a joint marketing agreement with Hindustan Unilever Ltd HLL.NS for developing joint marketing programs, product sampling, advertorials etc
** Adds, marketing agreement will initially be in force for 3 years, which may be renewed on terms mutually
** Stock on track to gain for 7th straight day
** More than 369,000 shares traded as of 11:44 a.m. IST, ~28% over their 30-day moving avg of 288,049 shares
** Mean rating of 12 analysts rating the stock is "hold"; their median PT is 1,470 rupees, 25% lesser than today's high - LSEG data
** WHIR last up 1.8%, adding to YTD gains of 33.2%
(Reporting by Meenakshi Maidas in Bengaluru)
(([email protected];))
** Shares of Whirlpool of India Ltd WHIR.NS rise as much as 2.8% to 1,837.80 rupees, hitting its highest since Sept. 8, 2022
** Home appliances maker says, it has entered into a joint marketing agreement with Hindustan Unilever Ltd HLL.NS for developing joint marketing programs, product sampling, advertorials etc
** Adds, marketing agreement will initially be in force for 3 years, which may be renewed on terms mutually
** Stock on track to gain for 7th straight day
** More than 369,000 shares traded as of 11:44 a.m. IST, ~28% over their 30-day moving avg of 288,049 shares
** Mean rating of 12 analysts rating the stock is "hold"; their median PT is 1,470 rupees, 25% lesser than today's high - LSEG data
** WHIR last up 1.8%, adding to YTD gains of 33.2%
(Reporting by Meenakshi Maidas in Bengaluru)
(([email protected];))
Whirlpool Of India Entered Into Joint Marketing Agreement With Hindustan Unilever
June 12 (Reuters) - Hindustan Unilever Ltd HLL.NS:
ENTERED INTO A JOINT MARKETING AGREEMENT WITH HINDUSTAN UNILEVER
HUL AND CO WILL ROLL OUT JOINT MARKETING PROGRAMS, ADVERTORIALS, PRODUCT SAMPLING IN CONSULTATION WITH EACH OTHER
Source text for Eikon: [ID:]
Further company coverage: HLL.NS
(([email protected];))
June 12 (Reuters) - Hindustan Unilever Ltd HLL.NS:
ENTERED INTO A JOINT MARKETING AGREEMENT WITH HINDUSTAN UNILEVER
HUL AND CO WILL ROLL OUT JOINT MARKETING PROGRAMS, ADVERTORIALS, PRODUCT SAMPLING IN CONSULTATION WITH EACH OTHER
Source text for Eikon: [ID:]
Further company coverage: HLL.NS
(([email protected];))
Whirlpool of India up as Q4 margin expands, profit climbs
** Shares of Whirlpool of India WHIR.NS up 2.6% to 1,619.9 rupees
** Co's Q4 EBITDA margin increases 200bps YoY to 8.3%; consolidated net profit up 24% YoY
** Net profit impacted by one-time item of 189.1 mln rupees due to losses from a fire at co's warehouse in Delhi
** Rivals Havells India HVEL.NS and Blue Star BLUS.NS report rise in Q4 profit, Voltas VOLT.NS profit down
** BLUS only "buy"-rated stock among the four, rest rated "hold" - LSEG data
** WHIR up ~18% YTD; HVEL, BLUS, VOlT up between ~33% and ~68%
(Reporting by Varun Vyas in Bengaluru)
** Shares of Whirlpool of India WHIR.NS up 2.6% to 1,619.9 rupees
** Co's Q4 EBITDA margin increases 200bps YoY to 8.3%; consolidated net profit up 24% YoY
** Net profit impacted by one-time item of 189.1 mln rupees due to losses from a fire at co's warehouse in Delhi
** Rivals Havells India HVEL.NS and Blue Star BLUS.NS report rise in Q4 profit, Voltas VOLT.NS profit down
** BLUS only "buy"-rated stock among the four, rest rated "hold" - LSEG data
** WHIR up ~18% YTD; HVEL, BLUS, VOlT up between ~33% and ~68%
(Reporting by Varun Vyas in Bengaluru)
Whirlpool Of India March-Quarter Consol Net Profit Rises
May 20 (Reuters) - Whirlpool of India Ltd WHIR.NS:
MARCH-QUARTER CONSOL NET PROFIT 775.9 MILLION RUPEES VERSUS PROFIT 626.8 MILLION RUPEES
MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 17.34 BILLION RUPEES; LSEG IBES EST. 18.66 BILLION RUPEES
DIVIDEND 5 RUPEES/SHR
Further company coverage: WHIR.NS
(([email protected];))
May 20 (Reuters) - Whirlpool of India Ltd WHIR.NS:
MARCH-QUARTER CONSOL NET PROFIT 775.9 MILLION RUPEES VERSUS PROFIT 626.8 MILLION RUPEES
MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 17.34 BILLION RUPEES; LSEG IBES EST. 18.66 BILLION RUPEES
DIVIDEND 5 RUPEES/SHR
Further company coverage: WHIR.NS
(([email protected];))
Whirlpool Of India Says Fire Broke Out At Alipur Area Spread To Warehouse Housing Co's Products
March 26 (Reuters) - Whirlpool of India Ltd WHIR.NS:
FIRE BROKE OUT IN THE ALIPUR AREA OF DELHI THAT ALSO SPREAD TO A WAREHOUSE
NO HUMAN INJURIES OR CASUALTIES
NOT EXPECTED TO HAVE ANY MATERIAL BEARING ON THE OPERATIONS
HAS ADEQUATE INSURANCE COVERAGE FOR INVENTORY DAMAGE
FIRE SPREAD TO A WAREHOUSE WHERE CO’S PRODUCTS WERE STORED
Source text for Eikon: ID:nBSE3CNcsQ
Further company coverage: WHIR.NS
(([email protected];))
March 26 (Reuters) - Whirlpool of India Ltd WHIR.NS:
FIRE BROKE OUT IN THE ALIPUR AREA OF DELHI THAT ALSO SPREAD TO A WAREHOUSE
NO HUMAN INJURIES OR CASUALTIES
NOT EXPECTED TO HAVE ANY MATERIAL BEARING ON THE OPERATIONS
HAS ADEQUATE INSURANCE COVERAGE FOR INVENTORY DAMAGE
FIRE SPREAD TO A WAREHOUSE WHERE CO’S PRODUCTS WERE STORED
Source text for Eikon: ID:nBSE3CNcsQ
Further company coverage: WHIR.NS
(([email protected];))
HDFC Bank top buy for Indian fund houses in Feb, Nuvama says
Adds chart of top purchases and sales by mutual funds
** India's HDFC Bank HDBK.NS was the top buy for Indian mutual funds in Feb, with purchases worth 82.8 bln rupees (~$999 mln), Nuvama says in a note
** That came after HDFC Bank's shares slid 14% in Jan and 4% in Feb following dissappointing Q3 results
** Mutual funds sold 22.9 bln rupees worth Sun Pharma SUN.NS shares in Feb and 6.5 bln rupees of Bandhan Bank BANH.NS, Nuvama Alternative & Quantitative Research says
** Adds fund houses bought 30.7 bln rupees of Whirlpool of India shares WHIR.NS; US-based Whirlpool WHR.N sold a chunk of its stake in its India unit in Feb
** TCS TCS.NS, Bharat Petroleum BPCL.NS, Axis Bank AXBK.NS and Maruti Suzuki MRTI.NS were among top additions in large caps, Nuvama says
** Top reductions included Bajaj Finance BJFN.NS, Mahindra and Mahindra MAHM.NS, Infosys INFY.NS, says Nuvama
($1 = 82.8900 Indian rupees)
Top purchases and sales by India's mutual funds in February https://reut.rs/48U2d6L
(Reporting by Sethuraman NR in Bengaluru)
(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))
Adds chart of top purchases and sales by mutual funds
** India's HDFC Bank HDBK.NS was the top buy for Indian mutual funds in Feb, with purchases worth 82.8 bln rupees (~$999 mln), Nuvama says in a note
** That came after HDFC Bank's shares slid 14% in Jan and 4% in Feb following dissappointing Q3 results
** Mutual funds sold 22.9 bln rupees worth Sun Pharma SUN.NS shares in Feb and 6.5 bln rupees of Bandhan Bank BANH.NS, Nuvama Alternative & Quantitative Research says
** Adds fund houses bought 30.7 bln rupees of Whirlpool of India shares WHIR.NS; US-based Whirlpool WHR.N sold a chunk of its stake in its India unit in Feb
** TCS TCS.NS, Bharat Petroleum BPCL.NS, Axis Bank AXBK.NS and Maruti Suzuki MRTI.NS were among top additions in large caps, Nuvama says
** Top reductions included Bajaj Finance BJFN.NS, Mahindra and Mahindra MAHM.NS, Infosys INFY.NS, says Nuvama
($1 = 82.8900 Indian rupees)
Top purchases and sales by India's mutual funds in February https://reut.rs/48U2d6L
(Reporting by Sethuraman NR in Bengaluru)
(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))
Whirlpool of India hits near 7-year low after Jefferies downgrade
** Shares of home appliances maker Whirlpool of India WHIR.NS fall 2% to 1,235.1 rupees, lowest level since mid-2017
** Jefferies analyst Sonali Salgaonkar downgrades stock to "underperform" from "hold"
** Flags hyper-competitive market for consumer durables in India, higher price elasticity amid weak demand
** Slashes PT to 1,125 rupees from 1,265 rupees, which is ~17% below median of 1,360 rupees from 12 analysts, including Jefferies - LSEG
** Salgaonkar is the top rated among 12 analysts for recommendations on PT, according to LSEG data
** WHIR has declined 21.5% since parent Whirlpool WHR.N in Nov said it would sell 24% stake
** Analysts' median PT on co has been declining for three straight months since then
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
** Shares of home appliances maker Whirlpool of India WHIR.NS fall 2% to 1,235.1 rupees, lowest level since mid-2017
** Jefferies analyst Sonali Salgaonkar downgrades stock to "underperform" from "hold"
** Flags hyper-competitive market for consumer durables in India, higher price elasticity amid weak demand
** Slashes PT to 1,125 rupees from 1,265 rupees, which is ~17% below median of 1,360 rupees from 12 analysts, including Jefferies - LSEG
** Salgaonkar is the top rated among 12 analysts for recommendations on PT, according to LSEG data
** WHIR has declined 21.5% since parent Whirlpool WHR.N in Nov said it would sell 24% stake
** Analysts' median PT on co has been declining for three straight months since then
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
Whirlpool of India down on parent's plan to reportedly sell stake
** Whirlpool of India shares WHIR.NS down 4% at 1,277.65 rupees, among top Nifty 500 .NIFTY500 losers
** US-based parent Whirlpool WHR.N to sell 24% stake in WHIR at 1,230 rupees/shr, 7.6% discount to Mon close, Reuters reports
** The $451 mln sale will be via block deals this week, Reuters reports
** Whirlpool of India stock had already fallen 15.3% since Nov. 30 when Whirlpool said it would sell stake
** Since then, analysts' avg rating has stayed at "hold" but median price target has dropped ~7% to 1,360 rupees - LSEG data
** Median PT is ~11% higher than selling price for stake
(Reporting by Rama Venkat in Bengaluru)
** Whirlpool of India shares WHIR.NS down 4% at 1,277.65 rupees, among top Nifty 500 .NIFTY500 losers
** US-based parent Whirlpool WHR.N to sell 24% stake in WHIR at 1,230 rupees/shr, 7.6% discount to Mon close, Reuters reports
** The $451 mln sale will be via block deals this week, Reuters reports
** Whirlpool of India stock had already fallen 15.3% since Nov. 30 when Whirlpool said it would sell stake
** Since then, analysts' avg rating has stayed at "hold" but median price target has dropped ~7% to 1,360 rupees - LSEG data
** Median PT is ~11% higher than selling price for stake
(Reporting by Rama Venkat in Bengaluru)
Whirlpool To Sell Up To 24% Stake Worth $451 Mln In India Unit Via Block Deal - Term Sheet
Feb 19 (Reuters) - Whirlpool of India Ltd WHIR.NS:
WHIRLPOOL TO SELL UP TO 24% STAKE WORTH $451 MILLION IN INDIA UNIT VIA BLOCK DEAL - TERM SHEET
WHIRLPOOL TO SELL INDIA STAKE AT 1,230 RUPEESPER SHARE, A 7.6% DISCOUNT TO MONDAY'S CLOSE - TERM SHEET
GOLDMAN SACHS ADVISING ON WHIRLPOOL INDIA STAKE SALE - TERM SHEET
WHIRLPOOL INDIA DEAL TO CLOSE TUESDAY, SETTLEMENT BY WEDNESDAY- TERM SHEET
Source text for Eikon: [ID:]
Further company coverage: WHIR.NS
(([email protected];))
Feb 19 (Reuters) - Whirlpool of India Ltd WHIR.NS:
WHIRLPOOL TO SELL UP TO 24% STAKE WORTH $451 MILLION IN INDIA UNIT VIA BLOCK DEAL - TERM SHEET
WHIRLPOOL TO SELL INDIA STAKE AT 1,230 RUPEESPER SHARE, A 7.6% DISCOUNT TO MONDAY'S CLOSE - TERM SHEET
GOLDMAN SACHS ADVISING ON WHIRLPOOL INDIA STAKE SALE - TERM SHEET
WHIRLPOOL INDIA DEAL TO CLOSE TUESDAY, SETTLEMENT BY WEDNESDAY- TERM SHEET
Source text for Eikon: [ID:]
Further company coverage: WHIR.NS
(([email protected];))
Whirlpool's Indian unit quarterly profit jumps on strong demand
BENGALURU, Feb 2 (Reuters) - Whirlpool of India Ltd WHIR.NS reported a nearly 13% jump in its third-quarter profit on Friday, supported by upbeat domestic demand for white goods.
Consolidated net profit rose to 279.9 million rupees ($3.38 million) in the quarter ended Dec. 31, from 246.9 million rupees a year earlier.
Revenue from operations in Whirlpool's Indian unit rose nearly 18% to 15.36 billion rupees for the first time in four quarters.
For further results highlights, click nBSE39m5VW
KEY CONTEXT
Sales of cooling products like room air conditioners and refrigerators are expected to increase by a high single-digit percentage yearly, analysts said, adding that numerous brands are ramping up inventory in preparation for the summer season.
Competition in the white goods sector has significantly increased after new players with strong financial backing entered the market, and premium brands introducing products in the mass segment.
Parent company Whirlpool Corporation WHR.N said last November that it will sell up to 24% of its stake in its Indian unit in a bid to reduce debt.
The company also reported a profit decline in the previous four quarters.
Peer Voltas VOLT.NS reported a fall in its third-quarter profit on Tuesday, dented by higher costs.
PEER COMPARISON
Valuation (next 12 months) | Estimates (next 12 months) | Analysts' sentiment | ||||||||
RIC | PE | EV/EBITDA | Price/Sales | Revenue growth | profit growth | Mean rating* | # of analysts | Stock to price target** | Div yield (%) | |
Whirlpool of India Ltd | WHIR.NS | 47.82 | 26.59 | 2.29 | 11.67 | 45.20 | HOLD | 12 | 0.91 | 0.38 |
Voltas Ltd | VOLT.NS | 45.67 | 38.39 | 2.43 | 14.89 | 54.47 | HOLD | 34 | 1.15 | 0.42 |
Havells India Ltd | HVEL.NS | 51.87 | 34.88 | 3.94 | 13.43 | 27.49 | BUY | 19 | 0.90 | 0.58 |
* Mean of analysts' ratings standardised to a scale of "strong buy", "buy", "hold", "sell", and "strong sell"
** Ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PT
OCTOBER-DECEMBER STOCK PERFORMANCE
-- All data from LSEG
-- $1 = 82.8550 rupees
($1 = 82.8550 Indian rupees)
WHIR STOCK PERF https://tmsnrt.rs/4bhSmKg
(Reporting by Yagnoseni Das in Bengaluru; Editing by Sherry Jacob-Phillips)
(([email protected]; +91 6001289066;))
BENGALURU, Feb 2 (Reuters) - Whirlpool of India Ltd WHIR.NS reported a nearly 13% jump in its third-quarter profit on Friday, supported by upbeat domestic demand for white goods.
Consolidated net profit rose to 279.9 million rupees ($3.38 million) in the quarter ended Dec. 31, from 246.9 million rupees a year earlier.
Revenue from operations in Whirlpool's Indian unit rose nearly 18% to 15.36 billion rupees for the first time in four quarters.
For further results highlights, click nBSE39m5VW
KEY CONTEXT
Sales of cooling products like room air conditioners and refrigerators are expected to increase by a high single-digit percentage yearly, analysts said, adding that numerous brands are ramping up inventory in preparation for the summer season.
Competition in the white goods sector has significantly increased after new players with strong financial backing entered the market, and premium brands introducing products in the mass segment.
Parent company Whirlpool Corporation WHR.N said last November that it will sell up to 24% of its stake in its Indian unit in a bid to reduce debt.
The company also reported a profit decline in the previous four quarters.
Peer Voltas VOLT.NS reported a fall in its third-quarter profit on Tuesday, dented by higher costs.
PEER COMPARISON
Valuation (next 12 months) | Estimates (next 12 months) | Analysts' sentiment | ||||||||
RIC | PE | EV/EBITDA | Price/Sales | Revenue growth | profit growth | Mean rating* | # of analysts | Stock to price target** | Div yield (%) | |
Whirlpool of India Ltd | WHIR.NS | 47.82 | 26.59 | 2.29 | 11.67 | 45.20 | HOLD | 12 | 0.91 | 0.38 |
Voltas Ltd | VOLT.NS | 45.67 | 38.39 | 2.43 | 14.89 | 54.47 | HOLD | 34 | 1.15 | 0.42 |
Havells India Ltd | HVEL.NS | 51.87 | 34.88 | 3.94 | 13.43 | 27.49 | BUY | 19 | 0.90 | 0.58 |
* Mean of analysts' ratings standardised to a scale of "strong buy", "buy", "hold", "sell", and "strong sell"
** Ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PT
OCTOBER-DECEMBER STOCK PERFORMANCE
-- All data from LSEG
-- $1 = 82.8550 rupees
($1 = 82.8550 Indian rupees)
WHIR STOCK PERF https://tmsnrt.rs/4bhSmKg
(Reporting by Yagnoseni Das in Bengaluru; Editing by Sherry Jacob-Phillips)
(([email protected]; +91 6001289066;))
India's Nifty 50 hits fresh record high, set for best week in 5 months
** India's blue-chip indexes Nifty 50 .NSEI and BSE Sensex .BSESN up 2.4% and 2.3% so far this week, set for best week in five months, if gains hold
** Faster-than-expected economic growth in September quarter, return of foreign inflows and persistent retail inflows are driving the rally in domestic markets, according to analysts
** Nifty hits a new record high of 20,286.30 on Friday while Sensex inches towards all-time high
** Oil & Gas .NIFOILGAS up 4.5%, is the top weekly sectoral gainer, aided by a drop in crude oil prices as production cut agreed by OPEC+ was below market expectations O/R
** On the day, Nifty and Sensex up about 0.7% each, led by financials and energy stocks
** Hindustan Aeronautics HIAE.NS jumps 5% to record high after defence ministry nod to procure weapons worth 2.23 trillion rupees
** Whirlpool of India WHIR.NS drops 7.5% on parent's move to trim upto 24% stake
Performance of India's key equity indexes this week https://tmsnrt.rs/3GoNDbp
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463;))
** India's blue-chip indexes Nifty 50 .NSEI and BSE Sensex .BSESN up 2.4% and 2.3% so far this week, set for best week in five months, if gains hold
** Faster-than-expected economic growth in September quarter, return of foreign inflows and persistent retail inflows are driving the rally in domestic markets, according to analysts
** Nifty hits a new record high of 20,286.30 on Friday while Sensex inches towards all-time high
** Oil & Gas .NIFOILGAS up 4.5%, is the top weekly sectoral gainer, aided by a drop in crude oil prices as production cut agreed by OPEC+ was below market expectations O/R
** On the day, Nifty and Sensex up about 0.7% each, led by financials and energy stocks
** Hindustan Aeronautics HIAE.NS jumps 5% to record high after defence ministry nod to procure weapons worth 2.23 trillion rupees
** Whirlpool of India WHIR.NS drops 7.5% on parent's move to trim upto 24% stake
Performance of India's key equity indexes this week https://tmsnrt.rs/3GoNDbp
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463;))
Whirlpool Corp To Sell Up To 24% Of Its Ownership Interest In Whirlpool Of India Limited In 2024
Nov 30 (Reuters) - Whirlpool Corp WHR.N:
WHIRLPOOL CORP: TO SELL UP TO 24% OF ITS OWNERSHIP INTEREST IN WHIRLPOOL OF INDIA LIMITED IN 2024
WHIRLPOOL CORP - CURRENTLY MAINTAINS A 75% OWNERSHIP INTEREST IN WHIRLPOOL INDIA THROUGH A WHOLLY-OWNED SUBSIDIARY
WHIRLPOOL CORP - INTENDS TO RETAIN A MAJORITY INTEREST IN WHIRLPOOL INDIA FOLLOWING COMPLETION OF SUCH TRANSACTION OR TRANSACTIONS
WHIRLPOOL CORP - DOES NOT ANTICIPATE ANNOUNCEMENT TO IMPACT PREVIOUSLY ISSUED FULL-YEAR GUIDANCE
WHIRLPOOL CORP: EXPECTS TO USE TRANSACTION PROCEEDS TO REDUCE DEBT LEVELS
WHIRLPOOL: "CONTINUES TO SEE INDIA AS A SIGNIFICANT MARKETPLACE FOR GROWTH AND AN INTEGRAL PART OF COMPANY'S GROWTH STRATEGY"
WHIRLPOOL CORP - PROCEEDS TO BE USED FOR DEBT REPAYMENT INCREMENTAL TO $500 MILLION TERM LOAN REPAYMENT THAT CO DISCLOSED IT EXPECTS TO PAY IN Q4 2023
WHIRLPOOL CORP - REMAINS COMMITTED TO EXPAND BUSINESS WITH NEW PRODUCT LAUNCHES AND RECENTLY ACQUIRED ELICA INDIA BUSINESS
Further company coverage: WHR.N
(([email protected];))
Nov 30 (Reuters) - Whirlpool Corp WHR.N:
WHIRLPOOL CORP: TO SELL UP TO 24% OF ITS OWNERSHIP INTEREST IN WHIRLPOOL OF INDIA LIMITED IN 2024
WHIRLPOOL CORP - CURRENTLY MAINTAINS A 75% OWNERSHIP INTEREST IN WHIRLPOOL INDIA THROUGH A WHOLLY-OWNED SUBSIDIARY
WHIRLPOOL CORP - INTENDS TO RETAIN A MAJORITY INTEREST IN WHIRLPOOL INDIA FOLLOWING COMPLETION OF SUCH TRANSACTION OR TRANSACTIONS
WHIRLPOOL CORP - DOES NOT ANTICIPATE ANNOUNCEMENT TO IMPACT PREVIOUSLY ISSUED FULL-YEAR GUIDANCE
WHIRLPOOL CORP: EXPECTS TO USE TRANSACTION PROCEEDS TO REDUCE DEBT LEVELS
WHIRLPOOL: "CONTINUES TO SEE INDIA AS A SIGNIFICANT MARKETPLACE FOR GROWTH AND AN INTEGRAL PART OF COMPANY'S GROWTH STRATEGY"
WHIRLPOOL CORP - PROCEEDS TO BE USED FOR DEBT REPAYMENT INCREMENTAL TO $500 MILLION TERM LOAN REPAYMENT THAT CO DISCLOSED IT EXPECTS TO PAY IN Q4 2023
WHIRLPOOL CORP - REMAINS COMMITTED TO EXPAND BUSINESS WITH NEW PRODUCT LAUNCHES AND RECENTLY ACQUIRED ELICA INDIA BUSINESS
Further company coverage: WHR.N
(([email protected];))
Polycab, Supreme Industries Jefferies' top picks of Indian mid-caps
** Polycab India POLC.NS, Supreme Industries SUPI.NS are the top mid-cap picks for Jefferies, post September quarter earnings season
** Jefferies foresees capex and housing to continue to deliver healthy volume growth
** Brokerage also identifies Amber Enterprises AMBE.NS, Pidilite Industries PIDI.NS, Finolex Cables FNXC.NS among its top mid-cap picks
** Jefferies key earnings per share (EPS) downgrades from mid-cap segment: UPL UPLL.NS, Graphite India GRPH.NS, HEG HEGL.NS, Crompton Greaves Consumer Electricals CROP.NS, Whirlpool of India WHIR.NS
** "Healthy operating margin expansion drove 44% year-on-year profit growth in our small- and mid-cap coverage," says Jefferies
** The Nifty Mid-cap 100 .NIFMDCP100 has gained 33.2% in 2023 so far, while small-caps .NIFSMCP100 have jumped 42.4%, outperforming benchmark Nifty's .NSEI 9.23% rise
** Both mid- and small-caps are at record highs
Jefferies' top Indian mid-cap picks https://tmsnrt.rs/46sNpum
Small-, mid-caps outperform India's Nifty in 2023 https://tmsnrt.rs/3sHGNKS
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463;))
** Polycab India POLC.NS, Supreme Industries SUPI.NS are the top mid-cap picks for Jefferies, post September quarter earnings season
** Jefferies foresees capex and housing to continue to deliver healthy volume growth
** Brokerage also identifies Amber Enterprises AMBE.NS, Pidilite Industries PIDI.NS, Finolex Cables FNXC.NS among its top mid-cap picks
** Jefferies key earnings per share (EPS) downgrades from mid-cap segment: UPL UPLL.NS, Graphite India GRPH.NS, HEG HEGL.NS, Crompton Greaves Consumer Electricals CROP.NS, Whirlpool of India WHIR.NS
** "Healthy operating margin expansion drove 44% year-on-year profit growth in our small- and mid-cap coverage," says Jefferies
** The Nifty Mid-cap 100 .NIFMDCP100 has gained 33.2% in 2023 so far, while small-caps .NIFSMCP100 have jumped 42.4%, outperforming benchmark Nifty's .NSEI 9.23% rise
** Both mid- and small-caps are at record highs
Jefferies' top Indian mid-cap picks https://tmsnrt.rs/46sNpum
Small-, mid-caps outperform India's Nifty in 2023 https://tmsnrt.rs/3sHGNKS
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463;))
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What does Whirlpool Of India do?
Whirlpool of India Limited, a leading manufacturer in the home appliances sector, is part of the global Whirlpool Group. With state-of-the-art manufacturing facilities in multiple locations, the company offers a diverse product portfolio covering various categories.
Who are the competitors of Whirlpool Of India?
Whirlpool Of India major competitors are V-Guard Inds., Crompt.Greaves Cons., Bajaj Electricals, IFB Industries, Optiemus Infracom, Orient Electric, Servotech Renewable. Market Cap of Whirlpool Of India is ₹16,958 Crs. While the median market cap of its peers are ₹6,577 Crs.
Is Whirlpool Of India financially stable compared to its competitors?
Whirlpool Of India seems to be less financially stable compared to its competitors. Altman Z score of Whirlpool Of India is 6.19 and is ranked 5 out of its 8 competitors.
Does Whirlpool Of India pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Whirlpool Of India latest dividend payout ratio is 17.67% and 3yr average dividend payout ratio is 25.29%
How has Whirlpool Of India allocated its funds?
Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments
How strong is Whirlpool Of India balance sheet?
Balance sheet of Whirlpool Of India is strong. It shouldn't have solvency or liquidity issues.
Is the profitablity of Whirlpool Of India improving?
Yes, profit is increasing. The profit of Whirlpool Of India is ₹364 Crs for TTM, ₹359 Crs for Mar 2025 and ₹217 Crs for Mar 2024.
Is the debt of Whirlpool Of India increasing or decreasing?
The net debt of Whirlpool Of India is decreasing. Latest net debt of Whirlpool Of India is -₹5,119.3 Crs as of Mar-25. This is less than Mar-24 when it was -₹4,469.93 Crs.
Is Whirlpool Of India stock expensive?
Whirlpool Of India is not expensive. Latest PE of Whirlpool Of India is 46.99, while 3 year average PE is 67.97. Also latest EV/EBITDA of Whirlpool Of India is 26.15 while 3yr average is 42.95.
Has the share price of Whirlpool Of India grown faster than its competition?
Whirlpool Of India has given lower returns compared to its competitors. Whirlpool Of India has grown at ~-1.58% over the last 7yrs while peers have grown at a median rate of 4.75%
Is the promoter bullish about Whirlpool Of India?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Whirlpool Of India is 51.0% and last quarter promoter holding is 51.0%.
Are mutual funds buying/selling Whirlpool Of India?
The mutual fund holding of Whirlpool Of India is increasing. The current mutual fund holding in Whirlpool Of India is 26.23% while previous quarter holding is 25.52%.