Arey, ye target badhane ka reason kya hai?
Asal mein, ICICI Securities ke analysts ne company ka Pune mein jo manufacturing plant hai, wahan visit kiya tha. Wahan unhone dekha ki LG India Room Air Conditioner (RAC) market mein aane wale upcycle ke liye bilkul ready hai. Garmi ka mausam theek chal raha hai, log premium products kharid rahe hain, aur company apna capacity bhi badha rahi hai.
Management bhi kaafi confident dikh raha hai. Unhone bataya ki January-February 2026 mein performance Pichhle saal se behtar raha hai. FY26 ke liye revenue guidance bhi confirm ki hai, jo lagbhag ₹24.3 billion hai. Iska matlab Q4FY26 mein lagbhag 6% year-on-year growth expect kar rahe hain.
EBITDA margins bhi double digits mein, matlab 12.5% ke aas-paas reh sakte hain Q4FY26 ke liye. Overall RAC market bhi 2026 mein 40% se zyada grow hone ki ummeed hai.
Bhai, agar input costs badhte hain, toh company ne plan kiya hai ki alternate fuel sources dekhenge aur prices bhi April-May 2026 mein mid-single-digit tak badha sakte hain RACs aur dusre products ke liye. Isse margins maintain rahenge.
Brokerage ka estimate hai ki FY25 se FY28 tak revenue 8.3% aur PAT 5.0% ke CAGR se grow ho sakta hai. Naya target price ₹1,820 Discounted Cash Flow (DCF) valuation par based hai, jisme FY28 earnings ka 48 times P/E ratio liya gaya hai.