LGEINDIA
Mid CapLG Electronics India Limited
Consumer
LG Electronics India Limited (LGEINDIA) is a consumer electronics and home appliances company in India, focusing on premium and mass-premium segments. Strategies include localization, exports, and growth in B2B and non-hardware businesses like AMC, with manufacturing scaling at the Sri City plant.
One read, four checks
75+ is strong, 60-74 is usable, 45-59 is mixed, and below 45 needs caution. These are research lenses, not buy/sell instructions.
Weak fundamentals, management trust is supportive, price trend is neutral, and recent execution is weak.
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
low confidence · 0/0 claims checked
Timing lens: price trend and sector relative strength.
Rolling lens: recent quarterly delivery, not the latest single-result score.
Quarter ended 31 Mar 2026
Bad · 0/100PAT -8% YoY · margin compression · Rev +8% YoY · +96% QoQ
| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹8,054 Cr | +8.1% | +95.8% |
| EBITDA | ₹945 Cr | -9.8% | +382.1% |
| Operating margin | 12.0% | -200 bps | +700 bps |
| PAT | ₹693 Cr | -8.2% | +670.0% |
| PAT margin | 8.6% | -154 bps | +641 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Where growth can come from, and what can break the case
Q4 FY26 revenue from operations reached a record ₹80.54 Bn (+8.1% YoY, +95.7% QoQ) driven by demand recovery. EBITDA margin was 11.7% (+6.9%p QoQ), but YoY margins were impacted by rupee depreciation and elevated commodity prices.
While Q4 FY26 saw record revenue and strong sequential margin recovery, full-year FY26 profitability (EBITDA, PAT, RONW, ROCE) declined significantly. Management attributes this to external cost pressures and strategic investments. The Q1 FY27 outlook is positive, but sustained margin improvement and efficiency gains are critical to restore the thesis.
Revenue by Segment (Q4 FY26)
Latest issuer-disclosed distribution across 2 reported categories.
Premiumization
Driving balanced growth across premium segments like large-panel TVs and French-door refrigerators.
Essential Series
Bringing LG quality to first-time buyers across underpenetrated Tier 2 & 3 markets.
B2B and Non-Hardware
Scaling B2B and high-profit Non-Hardware (AMC) businesses as diversified growth engines.
Exports
Positioning India as LG’s preferred export hub, pursuing opportunities in key global and neighboring markets.
Sri City Plant
Sri City plant scaling localized manufacturing to serve domestic and export demand.
Demand Recovery
Broad-based demand recovery across categories.
Heatwave Conditions
Demand improving due to heatwave conditions driving uptake of compressor-based products.
Sports Events
Upcoming sports events (IPL, Football World Cup) provide near-term demand boost for large-screen and premium TVs.
GST Cut
Continued GST cut promotes premiumization and large-screen adoption in televisions.
Currency Depreciation
Rupee depreciation impacting margins.
Elevated Commodity Prices
Elevated commodity prices impacting margins.
Geopolitical Risks
Cost pressures from geopolitical risks persist.
Input Cost Volatility
Margins impacted by rupee depreciation and elevated commodity prices.
Geopolitical Uncertainties
Cost pressures from geopolitical risks persist, impacting margin improvement.
Competition in Premium Segment
Maintaining market leadership in premium categories requires continuous investment and innovation.
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Q4 results show strong YoY revenue growth and significant QoQ margin recovery, indicating sequential momentum after a weak Q3. Full-year comparisons are also provided for overall performance.
Revenue from Operations
₹80.54 Bn in Q4 FY26 (+8.1% YoY, +95.7% QoQ).
EBITDA Margin
11.7% in Q4 FY26 (-2.4%p YoY, +6.9%p QoQ).
Market Leadership
Maintained market leadership across key categories.
Premiumization
Premium categories (Fully Automatic WM, French Door Refrigerators, 5-Star Rated RAC) performed well, driving higher ASP.
Margin Improvement
Remain optimistic on margin improvement while keeping a sharp focus on inflation and input costs.
Cost Optimization
Will constantly work on cost optimization, localization & add better operational efficiency.
Strategic Investments
Channel investments are for building long-term distribution depth.
New Product Launches
New product introductions in larger screen sizes and premium offerings will sustain market leadership.
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Consolidated EBITDA Margin | 11.7% (Q4 FY26) | Sustained improvement towards previous year's levels (14.1% Q4 FY25) and management's optimism on margin recovery. |
| Full-Year Profitability (PAT) | ₹16.85 Bn (FY26, -23.5% YoY) | Reversal of the declining trend seen in FY26, indicating effective cost management and pricing power. |
| Premium Category Market Share (OLED) | 60.0% (YTD Mar 26) | Maintenance or growth of market share in premium segments, indicating successful premiumization strategy. |
| Cash Flow from Operating Activities | ₹3.04 Bn (Q4 FY26) | Consistent positive operating cash flow to support growth initiatives and manage working capital. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trend score and candlestick chart
51Neutrallabel neutral
Technical chart
LGEINDIAdaily · 1Y-7.4%Technical trend read
NeutralTrend is undirectional — long-term trend unclear. RSI 53.
- SMA20 falling (~2.7% over last month) — short-term momentum negative.
- RSI(14) at 53 — sideways, no extreme reading.
- MACD above signal but histogram contracting — bullish momentum cooling.
- 10% off 52W high · 18% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Valuation, score drivers, trust methodology, financials, and peers
Use these sections after reviewing the decision summary, latest result, thesis, management accountability, and technical timing above.
Fundamental score breakdown
WATCHLISTWhy this score?
Top U-Score contributors and drags from the latest stored fundamentals.
Positive drivers
- Piotroski is strong at 8/9.
- Balance sheet contributes 11/15 to the score.
- Quality contributes 14/20 to the score.
Main drags
- Fair-value margin of safety is negative at -545.3%.
- Valuation is weaker at 0/30; verify the latest quarterly trend.
- Growth is weaker at 6/25; verify the latest quarterly trend.
Consumer valuation: PE/PEG and brand-quality premium
Consumer franchises can deserve higher multiples, but only when growth quality supports them.
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Score history
12 stored score snapshots. Latest stored move: +0 points.
Factor attribution
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Healthy Trust: Claim history is still being built. It ranks around the 82nd percentile of the scored universe and 82nd percentile within Consumer. Main check: results consistency is weak at 41/100.
High Trust Lite: Promoter holding is 85%. Key concern: 2 latest quarters had PAT decline worse than 25% YoY.
Generally investable credibility. Look for weak sub-scores before increasing position size.
overall median 67 · Consumer: 82nd pctile, median 67 · Mid: 56th pctile, median 76
22 documents indexed, but claim history is not strong enough yet.
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Healthy Trust · low confidenceRead Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Trust positives
- ▸Promoter holding is 85%.
- ▸Promoter pledge is zero.
- ▸FCF yield is positive at 1.6%.
- ▸5 years of positive FCF.
Trust risks
- ▸2 latest quarters had PAT decline worse than 25% YoY.
- ▸ROCE trend is -13.1%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Intrinsic value
Fundamentals
Valuation
- P/E
- 61.20
- P/B
- 13.45
- EV/EBITDA
- 36.96
- Market Cap
- 103167.00Cr
Profitability
- ROE
- 24.70%
- ROCE
- 32.20%
- ROA
- 12.36%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 10.00%
- EPS 5Y
- 2.00%
- Revenue 3Y
- 7.00%
- EPS 3Y
- 8.00%
Balance Sheet
- Debt/Equity
- 0.06
- Interest Coverage
- 58.73×
- Altman Z
- 9.31
- Book Value
- 113.00
Cash Flow
- FCF Yield
- 1.64%
- FCF Positive Y
- 5/5
- OCF
- 1721.00 Cr
- EPS TTM
- 24.83
Shareholding
- Promoter Hold
- 85.00%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 49%
Financial History
Updated 9/6/2026
Revenue
₹ CrNet Profit
₹ CrReturn on Equity
%Peers
Business-comparable peers in Consumer — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.