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

₹ 301 -0.69%
05 Dec - close price
shilgroup.com BSE: 542905 NSE: HINDWAREAP
About

Hindware Home Innovation Limited is a leader in Building Products and a prominent player in Consumer Appliances and Building Products.
Building Products business offers a wide range of products under the Bathware, Premium Tiles and Plastic Pipes and Fittings segments.
Under the Consumer Appliances business, it offers products to enhance modern living, including kitchen and home appliances under brand ‘Hindware Smart Appliances’.
Hintastica Private Limited (HPL), company's Joint Venture with Groupe Atlantic, manufactures state-of-the-art water heaters.[1]

Key Points

History
The company was incorporated in 2017 as a part of the Hindware group. The demerger of AGI Greenpac Ltd led to the transfer of the marketing and distribution of consumer products and retail businesses to the company on April 01, 2018. [1]

Website BSE NSE
  • Market Cap ₹ 2,521 Cr.
  • Current Price ₹ 301
  • High / Low ₹ 393 / 177
  • Stock P/E
  • Book Value ₹ 90.1
  • Dividend Yield 0.00 %
  • ROCE 3.62 %
  • ROE -6.46 %
  • Face Value ₹ 2.00
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Pros

Cons

  • Stock is trading at 3.35 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 9.36% over past five years.
  • Company has a low return on equity of 2.10% over last 3 years.
  • Debtor days have increased from 60.4 to 73.5 days.

* 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

Consumer Discretionary Consumer Durables Consumer Durables Sanitary Ware

Part of BSE SmallCap BSE Allcap BSE Consumer Discretionary

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
714.80 712.53 767.85 622.96 693.21 692.93 772.43 599.91 629.83 594.23 699.02 531.16 676.31
659.17 662.84 685.24 560.42 618.80 642.30 697.58 556.90 600.12 564.82 658.13 482.41 619.90
Operating Profit 55.63 49.69 82.61 62.54 74.41 50.63 74.85 43.01 29.71 29.41 40.89 48.75 56.41
OPM % 7.78% 6.97% 10.76% 10.04% 10.73% 7.31% 9.69% 7.17% 4.72% 4.95% 5.85% 9.18% 8.34%
8.62 10.70 7.15 5.56 5.34 10.67 -5.48 11.84 8.78 7.29 -16.22 -40.36 4.41
Interest 18.65 21.99 22.93 21.84 23.76 23.53 24.29 23.93 23.55 22.56 19.10 17.93 17.14
Depreciation 25.16 25.13 28.37 28.26 29.47 31.34 30.69 30.73 30.89 30.55 30.36 30.24 29.00
Profit before tax 20.44 13.27 38.46 18.00 26.52 6.43 14.39 0.19 -15.95 -16.41 -24.79 -39.78 14.68
Tax % 24.12% 26.53% 25.35% 84.06% 21.34% 4.82% 52.12% 110.53% -24.39% -22.79% 2.34% -37.33% 43.73%
16.25 7.78 22.75 0.67 19.70 4.53 2.73 -3.91 -15.55 -17.73 -30.82 -29.07 5.04
EPS in Rs 1.94 0.93 2.72 0.03 2.29 0.54 0.26 -0.48 -1.86 -2.12 -3.70 -3.48 0.59
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
1,671 1,613 1,775 2,294 2,872 2,776 2,523 2,501
1,546 1,525 1,632 2,118 2,627 2,514 2,380 2,325
Operating Profit 124 88 143 176 246 263 143 175
OPM % 7% 5% 8% 8% 9% 9% 6% 7%
9 24 18 129 36 15 12 -45
Interest 29 33 29 20 77 93 89 77
Depreciation 20 46 39 39 101 119 123 120
Profit before tax 85 33 92 245 103 66 -57 -66
Tax % 36% 30% 41% 17% 35% 45% -12%
55 23 55 202 58 28 -68 -73
EPS in Rs 2.76 6.56 24.12 6.83 3.08 -8.16 -8.71
Dividend Payout % -0% 5% 4% 2% 6% 11% -0%
Compounded Sales Growth
10 Years: %
5 Years: 9%
3 Years: 3%
TTM: -7%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -187%
Stock Price CAGR
10 Years: %
5 Years: 18%
3 Years: -7%
1 Year: 7%
Return on Equity
10 Years: %
5 Years: 8%
3 Years: 2%
Last Year: -6%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital -0.00 14 14 14 14 14 17 17
Reserves 242 260 315 512 561 583 760 737
303 328 242 374 958 1,046 889 910
431 407 466 1,245 769 776 862 868
Total Liabilities 976 1,010 1,039 2,146 2,303 2,420 2,528 2,532
108 190 157 743 912 918 875 863
CWIP 4 5 11 58 36 55 209 238
Investments 0 0 26 114 88 104 73 66
863 815 845 1,230 1,267 1,344 1,370 1,365
Total Assets 976 1,010 1,039 2,146 2,303 2,420 2,528 2,532

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
79 40 234 226 221 241 192
65 -31 -52 -124 -705 -219 -215
-123 -28 -178 -83 467 -2 18
Net Cash Flow 22 -19 5 19 -17 20 -4

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 78 81 84 49 48 60 73
Inventory Days 94 105 86 158 283 243 311
Days Payable 57 38 44 59 123 129 210
Cash Conversion Cycle 115 149 126 147 208 174 174
Working Capital Days 36 40 43 -33 10 -4 11
ROCE % 12% 21% 22% 15% 11% 4%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
51.32% 51.32% 51.32% 51.32% 51.32% 51.32% 51.32% 51.32% 52.54% 52.74% 52.74% 52.74%
4.36% 4.96% 5.03% 7.15% 7.59% 7.49% 6.05% 5.65% 3.50% 3.64% 3.59% 3.16%
7.27% 8.27% 9.02% 9.16% 9.82% 7.34% 7.09% 6.91% 7.58% 7.09% 6.75% 6.35%
37.06% 35.45% 34.63% 32.36% 31.27% 33.85% 35.54% 36.12% 36.37% 36.52% 36.92% 37.74%
No. of Shareholders 37,60337,83041,48842,24536,00237,23738,57442,91445,60946,20743,76441,147

* 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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