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Whirlpool of India

NSEI:WHIRLPOOL
Snowflake Description

Flawless balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
WHIRLPOOL
NSEI
₹200B
Market Cap
  1. Home
  2. IN
  3. Consumer Durables
Company description

Whirlpool of India Limited manufactures and trades in home appliances under the Whirlpool brand in India and internationally. The last earnings update was 57 days ago. More info.


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WHIRLPOOL Share Price and Events
7 Day Returns
1.8%
NSEI:WHIRLPOOL
-0.8%
IN Consumer Durables
-1.1%
IN Market
1 Year Returns
3.8%
NSEI:WHIRLPOOL
-6.6%
IN Consumer Durables
-3.3%
IN Market
WHIRLPOOL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Whirlpool of India (WHIRLPOOL) 1.8% 4.1% 10.7% 3.8% 89.3% 371.3%
IN Consumer Durables -0.8% -1.3% -6.1% -6.6% 41.5% 152.1%
IN Market -1.1% -2.1% -5.3% -3.3% 20.4% 32.5%
1 Year Return vs Industry and Market
  • WHIRLPOOL outperformed the Consumer Durables industry which returned -6.6% over the past year.
  • WHIRLPOOL outperformed the Market in India which returned -3.3% over the past year.
Price Volatility
WHIRLPOOL
Industry
5yr Volatility vs Market

Value

 Is Whirlpool of India undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Whirlpool of India to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Whirlpool of India.

NSEI:WHIRLPOOL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 7 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 15.3%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:WHIRLPOOL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Consumer Durables Unlevered Beta Simply Wall St/ S&P Global 0.86
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.86 (1 + (1- 35%) (0%))
0.906
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.91
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (0.906 * 8.6%)
15.34%

Discounted Cash Flow Calculation for NSEI:WHIRLPOOL using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Whirlpool of India is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NSEI:WHIRLPOOL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 15.34%)
2020 4,249.00 Analyst x6 3,683.86
2021 4,527.14 Analyst x7 3,402.96
2022 4,830.69 Est @ 6.7% 3,148.16
2023 5,166.83 Est @ 6.96% 2,919.37
2024 5,535.53 Est @ 7.14% 2,711.69
2025 5,937.42 Est @ 7.26% 2,521.71
2026 6,373.65 Est @ 7.35% 2,346.93
2027 6,845.81 Est @ 7.41% 2,185.51
2028 7,355.86 Est @ 7.45% 2,036.00
2029 7,906.11 Est @ 7.48% 1,897.25
Present value of next 10 years cash flows ₹26,853.44
NSEI:WHIRLPOOL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ₹7,906.11 × (1 + 7.55%) ÷ (15.34% – 7.55%)
₹109,138.44
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹109,138.44 ÷ (1 + 15.34%)10
₹26,190.22
NSEI:WHIRLPOOL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹26,853.44 + ₹26,190.22
₹53,043.67
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹53,043.67 / 126.87
₹418.09
NSEI:WHIRLPOOL Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NSEI:WHIRLPOOL represents 1.00238x of BSE:500238
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.00238x
Value per Share
(Listing Adjusted, INR)
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 418.09 x 1.00238
₹419.08
Value per share (INR) From above. ₹419.08
Current discount Discount to share price of ₹1,582.20
= -1 x (₹1,582.20 - ₹419.08) / ₹419.08
-277.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Whirlpool of India is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Whirlpool of India's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Whirlpool of India's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:WHIRLPOOL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in INR ₹32.30
BSE:500238 Share Price ** BSE (2019-07-19) in INR ₹1578.45
India Consumer Durables Industry PE Ratio Median Figure of 42 Publicly-Listed Consumer Durables Companies 29.5x
India Market PE Ratio Median Figure of 2,833 Publicly-Listed Companies 14.5x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Whirlpool of India.

NSEI:WHIRLPOOL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:500238 Share Price ÷ EPS (both in INR)

= 1578.45 ÷ 32.30

48.87x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whirlpool of India is overvalued based on earnings compared to the IN Consumer Durables industry average.
  • Whirlpool of India is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does Whirlpool of India's expected growth come at a high price?
Raw Data
NSEI:WHIRLPOOL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 48.87x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
16.4%per year
India Consumer Durables Industry PEG Ratio Median Figure of 13 Publicly-Listed Consumer Durables Companies 2.07x
India Market PEG Ratio Median Figure of 536 Publicly-Listed Companies 1.27x

*Line of best fit is calculated by linear regression .

NSEI:WHIRLPOOL PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 48.87x ÷ 16.4%

2.98x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whirlpool of India is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Whirlpool of India's assets?
Raw Data
NSEI:WHIRLPOOL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in INR ₹169.13
BSE:500238 Share Price * BSE (2019-07-19) in INR ₹1578.45
India Consumer Durables Industry PB Ratio Median Figure of 48 Publicly-Listed Consumer Durables Companies 1.37x
India Market PB Ratio Median Figure of 3,669 Publicly-Listed Companies 0.93x
NSEI:WHIRLPOOL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:500238 Share Price ÷ Book Value per Share (both in INR)

= 1578.45 ÷ 169.13

9.33x

* Primary Listing of Whirlpool of India.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whirlpool of India is overvalued based on assets compared to the IN Consumer Durables industry average.
X
Value checks
We assess Whirlpool of India's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Consumer Durables industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Consumer Durables industry average (and greater than 0)? (1 check)
  5. Whirlpool of India has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Whirlpool of India expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
16.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Whirlpool of India expected to grow at an attractive rate?
  • Whirlpool of India's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Whirlpool of India's earnings growth is positive but not above the India market average.
  • Whirlpool of India's revenue growth is expected to exceed the India market average.
Annual Growth Rates Comparison
Raw Data
NSEI:WHIRLPOOL Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:WHIRLPOOL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 16.4%
NSEI:WHIRLPOOL Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 11.1%
India Consumer Durables Industry Earnings Growth Rate Market Cap Weighted Average 20%
India Consumer Durables Industry Revenue Growth Rate Market Cap Weighted Average 12.4%
India Market Earnings Growth Rate Market Cap Weighted Average 17%
India Market Revenue Growth Rate Market Cap Weighted Average 9.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:WHIRLPOOL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:WHIRLPOOL Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-03-31 96,408 1
2023-03-31 85,536 1
2022-03-31 75,890 1
2021-03-31 70,817 5,951 5,683 7
2020-03-31 61,712 5,609 4,772 6
NSEI:WHIRLPOOL Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-03-31 53,977 4,097
2018-12-31 52,943 3,943
2018-09-30 50,409 3,868
2018-06-30 50,190 3,817
2018-03-31 48,319 3,842 3,507
2017-12-31 45,887 3,337
2017-09-30 44,484 3,360
2017-06-30 41,321 3,213
2017-03-31 39,408 3,836 3,105
2016-12-31 38,229 3,122
2016-09-30 37,786 2,955
2016-06-30 36,757 2,725

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Whirlpool of India's earnings are expected to grow by 16.4% yearly, however this is not considered high growth (20% yearly).
  • Whirlpool of India's revenue is expected to grow by 11.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:WHIRLPOOL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from Whirlpool of India Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:WHIRLPOOL Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-03-31
2023-03-31
2022-03-31
2021-03-31 44.77 49.20 42.00 7.00
2020-03-31 37.63 39.40 35.60 6.00
NSEI:WHIRLPOOL Past Financials Data
Date (Data in INR Millions) EPS *
2019-03-31 32.30
2018-12-31 31.08
2018-09-30 30.49
2018-06-30 30.09
2018-03-31 27.64
2017-12-31 26.30
2017-09-30 26.48
2017-06-30 25.32
2017-03-31 24.47
2016-12-31 24.61
2016-09-30 23.29
2016-06-30 21.48

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Whirlpool of India is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Whirlpool of India's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Whirlpool of India has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Whirlpool of India performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Whirlpool of India's growth in the last year to its industry (Consumer Durables).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Whirlpool of India's year on year earnings growth rate has been positive over the past 5 years.
  • Whirlpool of India's 1-year earnings growth is less than its 5-year average (16.8% vs 19%)
  • Whirlpool of India's earnings growth has exceeded the IN Consumer Durables industry average in the past year (16.8% vs 4%).
Earnings and Revenue History
Whirlpool of India's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Whirlpool of India Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:WHIRLPOOL Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 53,976.50 4,097.40 4,930.50
2018-12-31 52,943.10 3,943.10 6,182.20
2018-09-30 50,408.60 3,868.30 6,038.90
2018-06-30 50,190.30 3,817.40 4,641.90
2018-03-31 48,319.10 3,506.70 6,006.60
2017-12-31 45,887.00 3,336.70 5,668.50
2017-09-30 44,483.90 3,359.60 5,584.50
2017-06-30 41,321.40 3,212.60 4,188.80
2017-03-31 39,407.70 3,104.90 5,314.30
2016-12-31 38,229.39 3,122.24 5,138.18
2016-09-30 37,785.89 2,955.34 5,119.78
2016-06-30 36,757.29 2,725.04 5,053.58
2016-03-31 34,399.40 2,400.20 4,978.50
2015-12-31 33,832.53 2,353.50 8,406.17 344.06
2015-09-30 33,103.73 2,224.90 8,192.27 344.06
2015-06-30 33,418.23 2,256.10 8,037.87 344.06
2015-03-31 32,937.83 2,105.10 4,269.11
2014-12-31 31,643.63 1,908.01 6,967.87 346.12
2014-09-30 31,215.13 1,805.01 6,888.27 346.12
2014-06-30 29,988.53 1,563.21 6,747.07 346.12
2014-03-31 28,346.43 1,229.11 6,649.57 346.12
2013-12-31 27,806.06 1,121.19 6,556.08 349.92
2013-09-30 27,317.96 1,009.39 6,459.98 349.92
2013-06-30 27,564.76 1,127.89 6,403.68 349.92
2013-03-31 27,727.26 1,277.49 6,331.51 349.92
2012-12-31 28,046.85 1,384.79 5,494.15 367.62
2012-09-30 27,993.25 1,495.69 5,399.65 367.62

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Whirlpool of India has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Whirlpool of India used its assets more efficiently than the IN Consumer Durables industry average last year based on Return on Assets.
  • Whirlpool of India's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Whirlpool of India's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Consumer Durables industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Whirlpool of India has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Whirlpool of India's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Whirlpool of India's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Whirlpool of India is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Whirlpool of India's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Whirlpool of India's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Whirlpool of India has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Whirlpool of India Company Filings, last reported 3 months ago.

NSEI:WHIRLPOOL Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 21,453.80 0.00 11,993.30
2018-12-31 19,765.80 0.00 9,905.10
2018-09-30 19,765.80 0.00 9,905.10
2018-06-30 17,963.40 0.00 9,818.50
2018-03-31 17,963.40 0.00 9,750.10
2017-12-31 16,467.60 0.00 8,833.40
2017-09-30 16,467.60 0.00 8,833.40
2017-06-30 14,830.60 0.00 10,637.90
2017-03-31 14,830.60 0.00 10,523.70
2016-12-31 13,489.10 0.00 10,732.10
2016-09-30 13,489.10 0.00 10,732.10
2016-06-30 11,631.65 0.00 8,562.99
2016-03-31 11,657.00 0.00 8,501.30
2015-12-31 10,514.80 0.00 6,716.90
2015-09-30 10,514.80 0.00 6,716.90
2015-06-30 9,157.80 0.00 5,356.84
2015-03-31 9,157.80 0.00 5,356.84
2014-12-31 8,287.90 0.00 4,140.50
2014-09-30 8,287.90 0.00 4,140.50
2014-06-30 7,400.56 0.00 2,918.30
2014-03-31 7,400.56 0.00 2,916.37
2013-12-31 6,834.50 0.00 2,320.20
2013-09-30 6,834.50 0.00 2,320.20
2013-06-30 6,175.40 0.00 1,550.34
2013-03-31 6,175.40 0.00 1,550.34
2012-12-31 5,829.30 0.00 2,181.70
2012-09-30 5,829.30 0.00 2,181.70
  • Whirlpool of India has no debt.
  • Whirlpool of India has not taken on any debt in the past 5 years.
  • Whirlpool of India has no debt, it does not need to be covered by operating cash flow.
  • Whirlpool of India has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Whirlpool of India's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Whirlpool of India has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Whirlpool of India's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.32%
Current annual income from Whirlpool of India dividends. Estimated to be 0.41% next year.
If you bought ₹2,000 of Whirlpool of India shares you are expected to receive ₹6 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Whirlpool of India's pays a lower dividend yield than the bottom 25% of dividend payers in India (0.56%).
  • Whirlpool of India's dividend is below the markets top 25% of dividend payers in India (2.24%).
Upcoming dividend payment

Purchase Whirlpool of India before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:WHIRLPOOL Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
India Consumer Durables Industry Average Dividend Yield Market Cap Weighted Average of 23 Stocks 0.6%
India Market Average Dividend Yield Market Cap Weighted Average of 1447 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2.2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:WHIRLPOOL Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2024-03-31
2023-03-31
2022-03-31
2021-03-31 7.10 5.00
2020-03-31 5.88 5.00
NSEI:WHIRLPOOL Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2019-05-24 5.000 0.326
2018-08-23 4.000 0.277
2018-05-08 4.000 0.252
2017-05-16 3.000 0.224

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Whirlpool of India has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Whirlpool of India only paid a dividend in the past 2 years.
Current Payout to shareholders
What portion of Whirlpool of India's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (6.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (6.3x coverage).
X
Income/ dividend checks
We assess Whirlpool of India's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Whirlpool of India afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Whirlpool of India has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Whirlpool of India's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Sunil D’souza
COMPENSATION ₹80,580,000
AGE 51
TENURE AS CEO 4.1 years
CEO Bio

Mr. Sunil A. D’souza has been the Managing Director of Whirlpool of India Limited since June 22, 2015. Mr. D’Souza joined Whirlpool from PepsiCo where he was the Head of PepsiCo's VIMAPS Business Unit based out of Malaysia. He served as Country Manager for the Philippines of PepsiCo. He has been with PepsiCo for the past 8 years. He has been Director of Whirlpool of India Limited since June 22, 2015. He served as Sales Director for the Philippines of PepsiCo. He served as a Non-Executive Director at Pepsi-Cola Products Philippines, Inc. since 2009. Mr. D’Souza holds a Bachelor of Engineering degree from the Pondicherry Engineering College, Pondicherry (University of Madras) and a Management degree from the Indian Institute of Management in Calcutta.

CEO Compensation
  • Sunil's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.
  • Sunil's remuneration is higher than average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the Whirlpool of India management team in years:

4.3
Average Tenure
52
Average Age
  • The tenure for the Whirlpool of India management team is about average.
Management Team

Sunil D’souza

TITLE
MD & Director
COMPENSATION
₹81M
AGE
51
TENURE
4.1 yrs

Roopali Singh

TITLE
Senior Director of Legal & Secretarial and Company Secretary
COMPENSATION
₹8M

Anil Berera

TITLE
Executive Director
COMPENSATION
₹31M
AGE
60
TENURE
1.2 yrs

Arumalla Hari Reddy

TITLE
Director of Pune Plant & Executive Director
COMPENSATION
₹5M
AGE
55
TENURE
0.5 yrs

Vikas Singhal

TITLE
Vice President of Manufacturing & Supply Chain
COMPENSATION
₹20M
AGE
52
TENURE
13.8 yrs

Yatin Malhotra

TITLE
Chief Financial Officer
AGE
42
TENURE
1.2 yrs

Hari Nair

TITLE
Chief Design Officer
AGE
69
TENURE
4.5 yrs

Ganesh Subramanian

TITLE
Head of Service Quality & Systems and Training
AGE
51

Mahesh Krishna

TITLE
Vice President
COMPENSATION
₹2M
AGE
49
TENURE
11 yrs

Rajiv Kapur

TITLE
Vice President of New Business & Consumer Interface
AGE
59
TENURE
14.1 yrs
Board of Directors Tenure

Average tenure and age of the Whirlpool of India board of directors in years:

4.1
Average Tenure
57
Average Age
  • The tenure for the Whirlpool of India board of directors is about average.
Board of Directors

Arvind Uppal

TITLE
Non-Executive Chairman
COMPENSATION
₹128M
AGE
57
TENURE
9.5 yrs

Sunil D’souza

TITLE
MD & Director
COMPENSATION
₹81M
AGE
51
TENURE
4.1 yrs

Anil Berera

TITLE
Executive Director
COMPENSATION
₹31M
AGE
60
TENURE
7.7 yrs

Arumalla Hari Reddy

TITLE
Director of Pune Plant & Executive Director
COMPENSATION
₹5M
AGE
55
TENURE
1.4 yrs

Rahul Bhatnagar

TITLE
Non-Executive & Independent Director
AGE
60
TENURE
0.1 yrs

Pradeep Banerjee

TITLE
Non-Executive & Independent Director
AGE
60
TENURE
0.1 yrs

Sonu Bhasin

TITLE
Non-Executive & Independent Director
COMPENSATION
₹1M
AGE
56
TENURE
5.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Whirlpool of India's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Whirlpool of India has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Introducing Whirlpool of India (NSE:WHIRLPOOL), The Stock That Soared 406% In The Last Five Years

To wit, the Whirlpool of India Limited (NSE:WHIRLPOOL) share price has soared 406% over five years. … See our latest analysis for Whirlpool of India While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. … Over half a decade, Whirlpool of India managed to grow its earnings per share at 27% a year.

Simply Wall St -

How Much Did Whirlpool of India Limited's (NSE:WHIRLPOOL) CEO Pocket Last Year?

View our latest analysis for Whirlpool of India How Does Sunil D’souza's Compensation Compare With Similar Sized Companies? … Thus we can conclude that Sunil D’souza receives more in total compensation than the median of a group of companies in the same market, and of similar size to Whirlpool of India Limited. … We compared total CEO remuneration at Whirlpool of India Limited with the amount paid at companies with a similar market capitalization.

Simply Wall St -

Whirlpool of India Limited (NSE:WHIRLPOOL) Earns A Nice Return On Capital Employed

The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Whirlpool of India: 0.23 = ₹5.3b ÷ (₹37b - ₹14b) (Based on the trailing twelve months to March 2019.) So, Whirlpool of India has an ROCE of 23%. … Whirlpool of India's Current Liabilities And Their Impact On Its ROCE Short term (or current) liabilities, are things like supplier invoices, overdrafts, or tax bills that need to be paid within 12 months. … What We Can Learn From Whirlpool of India's ROCE Whirlpool of India's ROCE does look good, but the level of current liabilities also contribute to that.

Simply Wall St -

Is Whirlpool of India Limited (NSE:WHIRLPOOL) A High Quality Stock To Own?

Our data shows Whirlpool of India has a return on equity of 20% for the last year. … One way to conceptualize this, is that for each ₹1 of shareholders' equity it has, the company made ₹0.20 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

How Does Whirlpool of India Limited (NSE:WHIRLPOOL) Stand Up To These Simple Dividend Safety Checks?

Is Whirlpool of India Limited (NSE:WHIRLPOOL) a good dividend stock? How would you know? A dividend paying company with growing earnings can be rewarding in the long term.. … With only a two-year payment history, and a 0.3% yield, investors probably think Whirlpool of India is not much of a dividend stock. … Before you buy any stock for its dividend however, you should always remember Warren Buffett's two rules: 1) Don't lose money, and 2) Remember rule #1

Simply Wall St -

Why You Should Buy Whirlpool of India Limited (NSE:WHIRLPOOL) In This Bear Market

I'm talking about the well-proven, robust track record Whirlpool of India Limited. … View our latest analysis for Whirlpool of India. … Whirlpool of India Limited manufactures and trades in home appliances under the Whirlpool brand in India and internationally

Simply Wall St -

Don't Sell Whirlpool of India Limited (NSE:WHIRLPOOL) Before You Read This

Whirlpool of India has a price to earnings ratio of 50.61, based on the last twelve months. … How Do I Calculate Whirlpool of India's Price To Earnings Ratio … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Whirlpool of India Shareholders Have Enjoyed A Whopping 660% Share Price Gain

By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. … During five years of share price growth, Whirlpool of India achieved compound earnings per share (EPS) growth of 29% per year. … This EPS growth is slower than the share price growth of 50% per year, over the same period.

Simply Wall St -

Is Whirlpool of India Limited's (NSE:WHIRLPOOL) CEO Salary Justified?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … See our latest analysis for Whirlpool of India … How Does Sunil D’souza's Compensation Compare With Similar Sized Companies?

Simply Wall St -

What Kind Of Investor Owns Most Of Whirlpool of India Limited (NSE:WHIRLPOOL)?

Generally speaking, as a company grows, institutions will increase their ownership. … Conversely, insiders often decrease their ownership over time. … Companies that used to be publicly owned tend to have lower insider ownership.

Simply Wall St -

Company Info

Description

Whirlpool of India Limited manufactures and trades in home appliances under the Whirlpool brand in India and internationally. The company primarily offers refrigerators, washing machines, air conditioners, microwave ovens, and small appliances, as well as air and water purifiers. It also provides built-in appliances, including various built-in ovens, coffee machines, cooker hoods, hobs, dishwashers, refrigerators, wine coolers, microwave hood combinations, and washers and dryers, as well as accessories. Whirlpool of India Limited also exports its products. The company was incorporated in 1960 and is based in Gurugram, India. Whirlpool of India Limited is a subsidiary of Whirlpool Mauritius Limited.

Details
Name: Whirlpool of India Limited
WHIRLPOOL
Exchange: NSEI
Founded: 1960
₹200,140,311,825
126,871,830
Website: http://www.whirlpoolindia.com
Address: Whirlpool of India Limited
Whirlpool House,
Plot No. 40,
Gurugram,
Haryana, 122002,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 500238 Equity Shares Mumbai Stock Exchange IN INR 19. Apr 1994
NSEI WHIRLPOOL Equity Shares National Stock Exchange of India IN INR 19. Apr 1994
Number of employees
Current staff
Staff numbers
1,808
Whirlpool of India employees.
Industry
Household Appliances
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/20 12:56
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2019/07/15
Last earnings filing: 2019/05/24
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.