Is Whirlpool India overvalued or undervalued?

As of 12 September 2025, Whirlpool India's valuation grade has moved from attractive to fair, indicating a shift in its perceived value. The company is currently fairly valued based on its financial metrics. Key ratios include a PE ratio of 48.29, an EV to EBITDA of 26.67, and a ROCE of 23.21%. In comparison to its peers, Whirlpool India has a higher PE ratio than Eureka Forbes (65.06) and TTK Prestige (55.11), which suggests it is relatively more expensive in terms of earnings. However, its EV to EBITDA ratio is lower than Eureka Forbes, indicating that while it may be overvalued in earnings terms, it is more attractive in terms of operational cash flow. Additionally, the stock has underperformed the Sensex over various periods, particularly in the year-to-date and one-year returns, which may reinforce the notion of it being fairly valued rather than undervalued.