LG Electronics India Ltd(LGEINDIA)

NSE: LGEINDIABSE: 544576

₹ 1,615.45-2.06%refreshed 23 Oct, 03:53 pm ISTMarket cap: ₹ 1.10 L crWebsite: www.lge.comUpdated: 24 Oct 2026

About

LG Electronics India Ltd manufactures and sells consumer electronics and home appliances across two segments - Home Appliances & Air Solution and Home Entertainment - from two plants in Pune and Greater Noida. Revenue from operations was ₹24,604.91 Cr in FY26, with a third plant under construction at Sri City, Andhra Pradesh. The company holds the #1 position in washing machines (33% offline value share) and OLED TVs (~59-60% share) in India.^[1][2][3][4]

Business segments

Home Appliances & Air Solution: ₹18,160.46 Cr revenue, 73.8% of total, EBIT margin 9.8% in FY26. Covers refrigerators, washing machines, room air conditioners, and HVAC.^[2]
Home Entertainment: ₹6,444.45 Cr revenue, 26.2% of total, EBIT margin 12.8% in FY26. Covers televisions and information display panels (B2B LED signage).^[2]
B2B (HVAC + information display) contributes ~6% of revenue with margins better than the B2C portfolio as of Q2 FY26.^[5]

Market share

Washing machine offline value share: 33.0% (YTD Dec 2025), maintaining category leadership.^[3]
Refrigerator offline value share: 30.0% (YTD Dec 2025, +0.5pp YoY); side-by-side refrigerator share 43.2% (YTD Sep 2025, +4.5pp YoY).^[3][5]
RAC offline value share: 17.3% (YTD Dec 2025, +0.4pp YoY); TV offline value share: 27.3% (YTD Dec 2025, +0.7pp YoY); ~26% in Q1 FY27.^[3][4]
OLED TV offline value share: ~59% in Q1 FY27; was 60.0% YTD Mar 2026 and 62.4% YTD Dec 2025.^[4][6][3]
LED signage (Information Display) market share: 36% in Q1 FY27, highest-ever quarterly sale, with ~5 percentage point gap over the #2 player.^[4]
French door refrigerator: entered category in December 2025; share rose from 5% to 14% by March 2026.^[6]

Key operating numbers

Q1 FY27 revenue from operations: ₹72.33 Bn, +15.5% YoY, with every major category growing double-digit on both volume and value.^[4]
H&A segment EBIT margin: 11.5% in Q1 FY27 (flat YoY); HE segment EBIT margin: 19.0% in Q1 FY27 (+340 bps YoY).^[4]
Sold 1 million+ room air conditioner units in Q4 FY26 - a first for any single quarter.^[6]
55-inch+ TVs now ~50% of TV business mix in Q1 FY27; 55-inch+ segment grew ~53% YoY.^[4]
Return on capital employed: 25% in FY26; net working capital days: 21 days in FY26.^[6]

Products and portfolio

Core H&A portfolio: refrigerators (direct-cool, frost-free, side-by-side, French door), washing machines (top-load, front-load), room air conditioners, and HVAC commercial systems.^[2][5]
Essential Series (mass-premium, sub-₹20,000): launched October 2025 in 8kg top-load WM and 225L refrigerator; crossed 500,000 units in Jan - Jun 2026; being exported to 22 countries.^[5][4]
Chest freezer range: launched September 2026 across six models (102L to 530L gross capacity), starting at ₹28,990.^[7]
HE portfolio includes OLED, QNED, and standard LED TVs, plus Information Display panels (LED signage, commercial monitors) for B2B customers.^[4][2]

Customers and distribution

Exports reached ~7% of revenue in H1 FY26 vs ~6% in full-year FY25, covering 54 countries including Nepal, Bangladesh, Middle East, and Southeast Asia.^[5]
Export footprint expanded from 45-47 countries at IPO to 65 countries as of Q1 FY27; Q1 FY27 export growth was +30% YoY - highest-ever quarterly performance.^[4]
B2B customers span government infrastructure, corporate offices, hospitality, and IT parks; AMC (Annual Maintenance Contract) business scales as a high-margin recurring revenue stream.^[6]

Manufacturing and localisation

Two existing plants: Greater Noida (Uttar Pradesh) and Pune (Maharashtra). In-house compressor production runs at Greater Noida since FY23; local OLED and side-by-side refrigerator manufacturing at Pune.^[5]
Maharashtra government secured a 15-year incentive package worth ₹705.74 Cr (annual cap ₹47.04 Cr from May 2025) covering SGST refunds, electricity duty, EPF, power tariff subsidies, and property tax exemptions.^[3]

Expansion and capex

Sri City plant (Andhra Pradesh): ₹5,000 Cr total investment over 4-5 years, funded entirely via internal accruals; ~1 million sq metre site on 99-year lease; 100% capital subsidy from state government over 20 years.^[5]
Sri City aircon compressor production line to commence in Q3 FY27 (Oct-Dec 2026); RAC line in Q4 FY27 (Jan-Mar 2027); full plant capacity operational by FY29, doubling overall manufacturing capacity.^[4][5]
Q1 FY27 capex: ₹7.36 Bn total, of which ₹5.88 Bn deployed at Sri City; capitalisation to begin in H2 FY27.^[4]
Localisation targeted at 65% over the next 3-4 years (revised from prior 70% target), rising 2-3 percentage points per year.^[4]

Recent developments

September 2026: Entered the chest freezer market with a convertible range of six models (102L - 530L), priced from ₹28,990.^[7]
8 May 2026: Government of India introduced quantitative restrictions on compressor imports - 60% cap for reciprocating and 70% for rotary compressors vs the FY25 base - benefiting LG's in-house compressor capabilities.^[4]
Q4 FY26: Crossed 1 million RAC units sold in a single quarter for the first time; French door refrigerator share rose from 5% to 14% within one quarter of launch.^[6]
B2B segment (HVAC + Information Display) maintained a 20% CAGR trajectory from FY22-FY25; LED signage hit its highest-ever quarterly sale in Q1 FY27.^[4]

Market Cap

₹1,09,652 Cr

High / Low

₹1,825 / 1,300

Stock P/E

60.1

Price / Book

14.3

Book Value

₹113

EPS

₹24.8

No. of Shares

67.88 Cr

ROCE

29.2%

ROE

22.0%

OPM

9.4%

Debt / Equity

0.00

Sales

₹24,605 Cr

Net Profit

₹1,685 Cr

Promoter holding

85.0%

Loading chart…

Signal history

AI Deep Dive

The analysis Screener can't give you

Our models read the latest earnings call, annual report, and financials end-to-end - then grade management, value the business, and flag the risks. Unlock all of it for this company:

Verdict
The headline call - descriptive label, conviction, and the synthesis behind it.
Valuation
Guidance-anchored P&L bridge - worst / average / best multiple cases.
Walk the talk
Did management deliver on past guidance? A commitment-by-commitment scorecard.
Red flags
Forensic and governance risk pointers, severity-ranked.
Balance sheet
Solvency and earnings-quality score.
Concall briefs
Quarter-by-quarter earnings-call briefs - what changed and why.

₹49 unlocks this company for 90 days, ₹299 for a full year - bundles bring it lower. Built on public disclosures - educational, not investment advice.

AI Deep Dive

Verdict

Locked

The headline call - descriptive label, conviction, and the synthesis behind it.

Company data

Financials