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.
What happened
LG Electronics India shares are 35% above IPO price; brokerages (Nomura, MOFSL, JM, Nuvama, Elara) retain Buy/Accumulate despite weaker Q4 FY26 margins, citing
Key facts
- Rs 1,542.40
- 35.30%
- IPO Rs 1,140
- Q4 revenue Rs 8,050 cr (+8% YoY)
- EBITDA Rs 950 cr (-10% YoY)
- EBITDA margin 11.7%
- Capex Rs 5,000 cr
- TPs Rs 1,730-1,820
Why this matters
LG's vertical integration push via in-house compressors and Sri City expansion narrows the supplier window for component vendors while raising the bar for competing consumer electronics M&A in India.