Hardwyn India Ltd

Hardwyn India Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Hardwyn India Ltd

₹ 31.4 -1.41%
19 Apr - close price
hardwyn.com BSE: 541276 NSE : HARDWYN
About

Hardwyn India Ltd is a manufacturer of architectural hardware and glass fittings, which provides complete solution to residential and commercial structures.[1]

Key Points

Product Offerings
The company's product portfolio consists of a wide range of hardware products i.e. door closers, floor springs, glass patch fittings, point fixed architectural fittings, shower enclosure fittings, shower hinges, plastic profiles, stainless steel railings, cylindrical locks, furniture locks, etc.[1]

Website BSE NSE
  • Market Cap ₹ 1,095 Cr.
  • Current Price ₹ 31.4
  • High / Low ₹ 57.2 / 24.2
  • Stock P/E 108
  • Book Value ₹ 10.8
  • Dividend Yield 0.00 %
  • ROCE 6.83 %
  • ROE 4.66 %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 164% CAGR over last 5 years
  • Debtor days have improved from 110 to 61.7 days.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 6.39% over last 3 years.
  • Promoter holding has decreased over last 3 years: -31.1%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Trading Industry: Trading

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jan 2018 Mar 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
14.59 26.72 23.06 33.16 25.59 34.87 34.72 29.88 27.16 36.34 35.06
14.44 26.90 21.56 30.77 24.16 32.89 29.94 24.90 25.72 34.27 28.70
Operating Profit 0.15 -0.18 1.50 2.39 1.43 1.98 4.78 4.98 1.44 2.07 6.36
OPM % 1.03% -0.67% 6.50% 7.21% 5.59% 5.68% 13.77% 16.67% 5.30% 5.70% 18.14%
0.00 0.16 0.04 0.21 0.01 0.01 0.01 0.68 0.20 0.08 0.07
Interest 0.00 0.16 0.20 0.15 0.16 0.31 0.20 0.18 0.16 0.19 0.51
Depreciation 0.00 0.01 0.03 0.05 0.06 0.07 0.07 0.07 0.06 0.06 0.13
Profit before tax 0.15 -0.19 1.31 2.40 1.22 1.61 4.52 5.41 1.42 1.90 5.79
Tax % 26.67% 31.58% 25.19% 30.42% 29.51% 27.95% 27.88% 30.87% 28.87% 28.95% 29.19%
0.11 -0.13 0.99 1.66 0.87 1.16 3.27 3.73 1.00 1.35 4.11
EPS in Rs 0.01 -0.01 0.05 0.08 0.04 0.06 0.16 0.11 0.03 0.04 0.12
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
18 42 12 57 84 124 128
18 42 11 55 79 111 114
Operating Profit 0 0 0 2 5 13 15
OPM % 1% 1% 4% 4% 6% 11% 12%
0 0 0 0 0 1 1
Interest 0 0 0 0 1 1 1
Depreciation 0 0 0 0 0 0 0
Profit before tax 0 0 0 2 5 13 15
Tax % 20% 25% 31% 27% 28% 29%
0 0 0 2 3 9 10
EPS in Rs 0.01 0.00 0.00 0.08 0.17 0.26 0.30
Dividend Payout % 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 47%
3 Years: 121%
TTM: 0%
Compounded Profit Growth
10 Years: %
5 Years: 164%
3 Years: 349%
TTM: 46%
Stock Price CAGR
10 Years: %
5 Years: 130%
3 Years: 114%
1 Year: 23%
Return on Equity
10 Years: %
5 Years: 6%
3 Years: 6%
Last Year: 5%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 7 10 10 10 10 26 35
Reserves 0 0 0 2 5 346 340
0 6 0 5 7 5 5
2 1 3 22 35 32 41
Total Liabilities 9 17 13 39 57 409 421
0 0 0 0 1 1 1
CWIP 0 0 0 0 0 0 0
Investments 0 0 0 0 0 348 348
9 17 13 39 56 60 72
Total Assets 9 17 13 39 57 409 421

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-7 -9 6 -4 -0 4
-0 -0 -0 -0 -1 -0
7 9 -6 5 1 -3
Net Cash Flow 0 -0 0 1 0 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 178 148 291 135 132 62
Inventory Days 1 0 6 69 71 113
Days Payable 45 83 146 163 97
Cash Conversion Cycle 134 148 214 58 40 78
Working Capital Days 139 140 327 100 87 78
ROCE % 2% 3% 17% 27% 7%

Shareholding Pattern

Numbers in percentages

Sep 2020Mar 2021Sep 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
74.85% 74.85% 74.85% 74.85% 74.85% 74.85% 74.85% 43.77% 43.77% 43.77% 43.77% 43.77%
0.00% 0.00% 0.00% 0.00% 0.00% 1.27% 1.43% 0.53% 0.83% 0.46% 0.46% 0.46%
25.15% 25.15% 25.15% 25.15% 25.15% 23.88% 23.71% 55.71% 55.40% 55.78% 55.75% 55.76%
No. of Shareholders 4352671001,1862,3362,9073,45618,64321,33123,74332,194

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports