LG Electronics India trades 35% above IPO; brokerages back capex-led upside despite Q4 margin dip
LG Electronics India shares hit Rs 1,542.40, up 35.3% from the Rs 1,140 IPO price. Q4 FY26 revenue rose 8% YoY to Rs 8,050 cr, but EBITDA fell 10% to Rs 950 cr (margin 11.7%). Nomura, MOFSL, JM, Nuvama and Elara stay constructive with TPs of Rs 1,730–1,820, citing Sri City expansion, in-house compressors by Q3 FY27 and Rs 5,000 cr capex.
LG Electronics India shares are 35% above IPO price; brokerages (Nomura, MOFSL, JM, Nuvama, Elara) retain Buy/Accumulate despite weaker Q4 FY26 margins, citing Sri City capacity expansion, compressor manufacturing by Q3 FY27, and Rs 5,000 crore capex.
Why this matters
Builds on LG India's mid-teen FY27 revenue growth guidance and FY26 profit dip of 8.2%, with brokerages now pricing in localization gains and Sri City capex over near-term margin pressure.
Retail-company signals steady at 1,076 over the last 90 days.