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Can LG Electronics India shares break Rs 1,800? Brokerages are betting big

Published on 19/11/2025 11:23 AM

LG Electronics India Share Price Target 2025: Consumer electronics major LG Electronics India shares traded at Rs 1,676 in Wednesday’s session, up Rs 51.90 or 3.20 per cent. The stock extended its recent gains as global brokerages maintained a positive view on the consumer durables major.

Morgan Stanley initiated coverage on LG Electronics with an overweight rating and set a target price of Rs 1,864.

The brokerage said the company stands out across several categories in India’s competitive consumer durables market, supported by industry-leading margins and strong capital efficiency.

It expects revenue and margin improvement to be driven by new capacity additions, a higher export mix, and growing B2B contributions.

Morgan Stanley forecasts a 9 per cent year-on-year decline in earnings for F26, led mainly by the air-conditioner segment. However, it projects a strong 16 per cent earnings CAGR between F26–F28.

The brokerage valued LG Electronics India by applying a 50x PER on September 2027 earnings estimates.

Nomura maintained its buy rating on the stock with a target price of Rs 1,899.

LG Electronics India's July–September quarter performance was soft. Net profit fell to Rs 535.70 crore, down from the previous year, while revenue remained flat at Rs 6,174.02 crore.

Operating performance weakened as EBITDA dropped 27.7 per cent year-on-year to Rs 547.5 crore, compared with Rs 757.4 crore. The EBITDA margin declined sharply to 8.9 per cent from 12.4 per cent, indicating higher costs and pressure on profitability.

LG Electronics India made its market debut on October 14, 2025. The stock was listed at Rs 1,710.10 on the NSE and Rs 1,715.00 on the BSE against an issue price of Rs 1,140 per share. The listing premium was more than 50 per cent, reflecting strong investor demand.

Abhay Shukla is a Senior Sub-Editor at Zee Business, where he covers the stock markets, corporate news, personal finance, technology, and auto sectors.

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