Geojit Financial Services, LG Electronics India Ltd

LG Electronics India Ltd (LGEIL), incorporated on January 20, 1997, as a wholly owned subsidiary of LG Electronics Inc., is a market leader in India across key product categories, including washing machines, refrigerators, panel TVs, inverter air conditioners, and microwaves. The company was the first to launch 4K and smart TVs in India and boasts one of the largest in-house production capacities among leading home appliance and consumer electronics player. The Indian appliances and electronics market grew from ~₹4,445 billion in CY19 to ~₹6,370 billion in CY24 and is projected to reach ~₹10,965 billion by CY29P, reflecting a CAGR of 11% over CY24–29P.

Valuation and Outlook

The company’s new capacity expansion, strong ROE, and better m

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