Is Whirlpool India overvalued or undervalued?

As of 11 September 2025, Whirlpool India has moved from a fair to an attractive valuation grade. The company appears to be undervalued, particularly when considering its PE ratio of 47.51, EV to EBITDA of 26.17, and ROCE of 23.21%. In comparison to peers, Eureka Forbes has a significantly higher PE ratio of 65.50, while IFB Industries, also rated attractive, has a lower PE ratio of 57.01, indicating that Whirlpool may offer better value relative to its earnings potential.
Despite recent stock performance lagging behind the Sensex, with a year-to-date return of -26.70% compared to the Sensex's 4.36%, the underlying financial metrics suggest that Whirlpool India is positioned favorably within its industry. The combination of a strong ROCE and a competitive EV to EBITDA ratio supports the conclusion that the company is undervalued in the current market context.