Hindware Home Innovation Ltd

Hindware Home In Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Hindware Home Innovation Ltd

₹ 393 0.05%
19 Apr - close price
shilgroup.com BSE: 542905 NSE : HINDWAREAP
About

Somany Home Innovations Ltd. (SHIL) is a newly created Corporate Entity which was demerged from HSIL Limited, vastly recognised by its Brand Hindware, a leading name in the Indian market. SHIL is focused on servicing end-consumers in the market and is involved in branding, marketing, sales, distribution, trading, service etc. of Consumer Appliances under the Brand name ‘Hindware’, ‘Moonbow’ and Furniture Retail Business under the Brand name ‘Evok’. [1]

Key Points

Dependence on HSIL Ltd.
The company was demerged from HSIL Ltd. in August 2019 and post demerger, it undertook business of branding, marketing, sales, distribution, trading etc of various building products (like Sanitaryware Products, faucets, shower enclosures, CPVC, UPVC Pipes and fittings or other accessories/ allied products). HSIL Limited is in contract with Brilloca Limited (wholly owned subsidiary of Somany Home Innovations) for the supply of building products as per the specifications of Brilloca Limited at the price mutually agreed by both the parties. [1]

Website BSE NSE
  • Market Cap ₹ 2,843 Cr.
  • Current Price ₹ 393
  • High / Low ₹ 664 / 315
  • Stock P/E
  • Book Value ₹ 17.3
  • Dividend Yield 0.13 %
  • ROCE 12.0 %
  • ROE 8.73 %
  • Face Value ₹ 2.00
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Pros

  • Company has been maintaining a healthy dividend payout of 24.7%

Cons

  • Stock is trading at 22.7 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 7.23% over last 3 years.
  • Earnings include an other income of Rs.41.4 Cr.

* 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: Retail Industry: Trading

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
172 151 75 131 151 135 143 139 135 140 116 103 117
154 140 78 122 144 134 139 131 135 139 120 110 127
Operating Profit 18 11 -4 9 7 1 4 8 -0 2 -4 -7 -10
OPM % 10% 7% -5% 7% 4% 0% 3% 6% -0% 1% -3% -7% -8%
36 1 3 26 2 3 32 4 5 3 32 3 4
Interest 3 3 4 4 4 4 5 5 5 5 5 6 4
Depreciation 3 3 3 3 4 4 4 4 5 5 5 5 5
Profit before tax 48 7 -8 28 2 -4 27 2 -5 -6 18 -15 -16
Tax % 23% 183% 35% 33% 48% 61% 36% 54% 26% 27% 37% 39% 35%
37 -6 -5 19 1 -2 17 1 -4 -4 11 -9 -10
EPS in Rs 5.12 -0.78 -0.72 2.59 0.11 -0.23 2.38 0.15 -0.49 -0.59 1.57 -1.28 -1.42
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
0 397 451 503 491 557 477
0 412 443 476 479 544 496
Operating Profit -0 -15 8 28 13 13 -19
OPM % -4% 2% 5% 3% 2% -4%
0 0 29 39 35 44 41
Interest 0 8 13 15 16 20 20
Depreciation 0 6 22 15 14 18 21
Profit before tax -0 -29 3 36 17 19 -19
Tax % 0% 34% -246% 48% 27% 43%
-0 -19 9 19 13 11 -12
EPS in Rs 1.21 2.58 1.76 1.47 -1.72
Dividend Payout % 0% 0% 12% 12% 28% 34%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 7%
TTM: -14%
Compounded Profit Growth
10 Years: %
5 Years: 192%
3 Years: 6%
TTM: -194%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 15%
1 Year: 1%
Return on Equity
10 Years: %
5 Years: 3%
3 Years: 7%
Last Year: 9%

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 0 0 14 14 14 14 14
Reserves -0 68 77 95 102 112 111
0 119 138 145 225 179 189
0 99 169 192 166 166 174
Total Liabilities 0 286 397 445 507 471 488
0 25 79 49 86 91 91
CWIP 0 4 3 1 6 5 1
Investments 0 2 2 2 29 39 57
0 255 314 393 384 336 339
Total Assets 0 286 397 445 507 471 488

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-0 -38 -17 54 -58 61
-0 42 14 -13 45 6
0 6 -6 -39 14 -68
Net Cash Flow 0 9 -8 2 1 -2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 81 95 115 104 91
Inventory Days 156 172 127 165 125
Days Payable 50 83 111 94 80
Cash Conversion Cycle 186 184 130 175 135
Working Capital Days 121 121 124 139 97
ROCE % -22% 8% 7% 11% 12%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
51.11% 51.11% 51.32% 51.32% 51.32% 51.32% 51.32% 51.32% 51.32% 51.32% 51.32% 51.32%
2.43% 3.74% 3.63% 3.31% 3.02% 3.18% 4.36% 4.96% 5.03% 7.15% 7.59% 7.49%
6.90% 5.74% 5.92% 5.83% 6.34% 6.50% 7.27% 8.27% 9.02% 9.16% 9.82% 7.34%
39.56% 39.41% 39.13% 39.54% 39.32% 39.01% 37.06% 35.45% 34.63% 32.36% 31.27% 33.85%
No. of Shareholders 28,69327,82429,93535,14635,55437,66037,60337,83041,48842,24536,00237,237

* 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.

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Documents

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