Hardwyn India Ltd
Incorporated in 2017, Hardwyn India Ltd is in the business of wholesale and retail trade of Architectural Hardware and Glass fittings, Kitchen Hardware, Accessories and Appliances[1]
- Market Cap ₹ 1,285 Cr.
- Current Price ₹ 26.3
- High / Low ₹ 26.5 / 10.9
- Stock P/E 110
- Book Value ₹ 8.21
- Dividend Yield 0.00 %
- ROCE 4.23 %
- ROE 2.89 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- Stock is trading at 3.20 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 2.70% 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|
| 164 | 152 | 184 | 188 | |
| 150 | 136 | 166 | 170 | |
| Operating Profit | 14 | 16 | 18 | 18 |
| OPM % | 8% | 11% | 10% | 10% |
| 1 | 0 | 1 | 1 | |
| Interest | 1 | 1 | 1 | 1 |
| Depreciation | 0 | 1 | 2 | 2 |
| Profit before tax | 13 | 15 | 16 | 16 |
| Tax % | 29% | 30% | 29% | |
| 9 | 10 | 11 | 12 | |
| EPS in Rs | 0.19 | 0.21 | 0.23 | 0.24 |
| Dividend Payout % | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 3% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -8% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 65% |
| 3 Years: | 10% |
| 1 Year: | 107% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 3% |
| Last Year: | 3% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|
| Equity Capital | 26 | 35 | 49 | 49 |
| Reserves | 346 | 348 | 345 | 352 |
| 5 | 9 | 10 | 6 | |
| 41 | 54 | 62 | 75 | |
| Total Liabilities | 418 | 445 | 465 | 482 |
| 347 | 351 | 350 | 350 | |
| CWIP | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 |
| 71 | 94 | 115 | 132 | |
| Total Assets | 418 | 445 | 465 | 482 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| -1 | 2 | 2 | |
| -0 | -6 | -1 | |
| 1 | 4 | -0 | |
| Net Cash Flow | 0 | 0 | 0 |
| Free Cash Flow | -1 | -3 | 1 |
| CFO/OP | 21% | 40% | 35% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Debtor Days | 56 | 75 | 85 |
| Inventory Days | 91 | 143 | 140 |
| Days Payable | 81 | 113 | 100 |
| Cash Conversion Cycle | 66 | 105 | 125 |
| Working Capital Days | 64 | 84 | 92 |
| ROCE % | 4% | 4% |
Insights
In beta| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Trade Receivable Turnover Ratio Times ・Standalone data |
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| Number of Employees Number ・Standalone data |
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| Sales - Traded Items (Aluminium and Hardware) Units/Numbers ・Standalone data |
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| Aluminum/Hardware Sold Kgs ・Standalone data |
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| Hardware/Fittings Sold Numbers ・Standalone data |
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| Other Fittings Sold Tons ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
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Non-Applicability Of Fund Raising By Issuance Of Debt Securities By Large Entities.
18 Apr - Hardwyn India confirms it is not a large corporate for debt fundraising as of March 31, 2026.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
18 Apr - Hardwyn launched ISI-certified Floor Spring and secured orders from institutional projects in Uttar Pradesh and Chhattisgarh.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
18 Apr - Hardwyn received orders for 2,045 floor springs from six projects and launched ISI-certified floor springs.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
18 Apr - Hardwyn received floor spring orders from six projects and launched ISI-certified floor springs.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
9 Apr - The details of securities dematerialized/rematerialized during the quarter and year ended 31st March, 2026, as required under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, …
Business Overview:[1]
HIL manufactures architectural hardware and glass fittings and offers solutions for residential and commercial structures