Brokerages have dished out bullish calls on the counter, citing positive levers of growth. As many as 6 brokerages gave a Buy rating to the stock. Emkay Global Financial Services has given a price target of Rs 2,050 per share, implying an upside potential of 22% from the last close on the NSE. Over the last 3 decades, the company has built a formidable franchise that leads in key large appliance categories with premium positioning, leveraging its global R&D strength, brand power, and superior execution, the brokerage added.
Motilal Oswal has assigned a target price of Rs 1,800 per share, premised on 40x FY28E EPS. “We expect LGEIL to trade at higher multiples, given the strong return ratios, higher OCF conversion, a strategic focus on localization, targeted growth in high-margin B2B and AMC revenues, and a leadership position across key product categories,” the domestic brokerage said in a note.
Prabhudas Lilladher, with a price target of Rs 1,780 per share, values the company at 42x FY28E earnings. “We believe LGEIL is well-positioned to capitalize on the growth opportunities in home appliances and consumer electronics given its market leadership across products, strong manufacturing capabilities, diverse product portfolio, and strong brand loyalty,” analysts said.
Antique Stock Broking has a price target of Rs 1,725 a share and suggests that LG Electronics India’s backward integration, including in-house manufacturing of key components such as compressors and motors, strengthens control over product quality, cost efficiency, and supply chain flexibility, bodes well. The brokerage values the stock at 40 times 1HFY28 EPS.
Nomura has a Buy call and target price of Rs 1,800 per share. That’s an upside potential of 58% from its issue price. Nomura expects LG Electronics India to achieve a 10% revenue CAGR over FY25–28, driven by growth across multiple products, exports, and service initiatives. EBITDA margins are projected to improve from 12.8% in FY25 to around 14.1% in FY28, supported by a better product mix, operating leverage, and increased localization. Overall, Nomura forecasts a 14% EPS CAGR for the company over FY25–28.ICICI Securities has a target price of Rs 1,700, implying 45x FY27E and 42x FY28E earnings. “ We believe the recent reduction in GST rates, income tax and interest rates augurs well for the growth of most categories in FY27-28E and model LG to be a beneficiary,” it said in a note. LG commands one of the largest in-house manufacturing capacities in white goods in India and its in-house manufactured goods as a percentage of net sales increased from 84.2% in FY22 to 86.1% in FY25.At about 9:20 am, shares of the company were trading at Rs 1,716, higher by 1.6% from the last close on the NSE.
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