Hindware Home Innovation Ltd
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]
- Market Cap ₹ 2,265 Cr.
- Current Price ₹ 271
- High / Low ₹ 423 / 177
- Stock P/E
- Book Value ₹ 92.9
- Dividend Yield 0.15 %
- ROCE 3.67 %
- ROE -6.55 %
- Face Value ₹ 2.00
Pros
Cons
- Stock is trading at 2.91 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 2.06% over last 3 years.
- Debtor days have increased from 60.2 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
1,671 | 1,613 | 1,775 | 2,294 | 2,872 | 2,800 | 2,523 | |
1,546 | 1,525 | 1,632 | 2,118 | 2,627 | 2,562 | 2,380 | |
Operating Profit | 124 | 88 | 143 | 176 | 246 | 238 | 143 |
OPM % | 7% | 5% | 8% | 8% | 9% | 8% | 6% |
9 | 24 | 18 | 129 | 36 | 37 | 12 | |
Interest | 29 | 33 | 29 | 20 | 77 | 95 | 89 |
Depreciation | 20 | 46 | 39 | 39 | 101 | 123 | 123 |
Profit before tax | 85 | 33 | 92 | 245 | 103 | 57 | -57 |
Tax % | 36% | 30% | 41% | 17% | 35% | 35% | -12% |
55 | 23 | 55 | 202 | 58 | 28 | -68 | |
EPS in Rs | 2.76 | 6.56 | 24.12 | 6.83 | 3.08 | -8.16 | |
Dividend Payout % | 0% | 5% | 4% | 2% | 6% | 11% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 9% |
3 Years: | 3% |
TTM: | -10% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | -275% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 31% |
3 Years: | -6% |
1 Year: | -35% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 8% |
3 Years: | 2% |
Last Year: | -7% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
Equity Capital | 0.00 | 14 | 14 | 14 | 14 | 14 | 17 |
Reserves | 242 | 260 | 315 | 512 | 561 | 583 | 760 |
303 | 328 | 242 | 374 | 958 | 1,046 | 889 | |
431 | 407 | 466 | 1,245 | 769 | 776 | 862 | |
Total Liabilities | 976 | 1,010 | 1,039 | 2,146 | 2,303 | 2,420 | 2,528 |
108 | 190 | 157 | 743 | 912 | 918 | 876 | |
CWIP | 4 | 5 | 11 | 58 | 36 | 55 | 209 |
Investments | 0 | 0 | 26 | 114 | 88 | 104 | 73 |
863 | 815 | 845 | 1,230 | 1,267 | 1,344 | 1,370 | |
Total Assets | 976 | 1,010 | 1,039 | 2,146 | 2,303 | 2,420 | 2,528 |
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 | 59 | 73 |
Inventory Days | 94 | 105 | 86 | 158 | 283 | 238 | 156 |
Days Payable | 57 | 38 | 44 | 59 | 123 | 126 | 105 |
Cash Conversion Cycle | 115 | 149 | 126 | 147 | 208 | 171 | 124 |
Working Capital Days | 36 | 40 | 43 | -33 | 10 | -4 | 10 |
ROCE % | 12% | 21% | 22% | 15% | 10% | 4% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
11 Jul - Newspaper advertisement regarding special window for re-lodgement of transfer requests of physical shares as per SEBI circular
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
7 Jul - Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 30th June, 2025.
- Closure of Trading Window 27 Jun
-
Update On Outcome Of Board Meeting Held On 24Th May, 2025
2 Jun - No final dividend recommended for FY ending March 31, 2025 by Hindware Home Innovation.
-
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
31 May - Hindware FY25 results: ₹2523 Cr revenue, ₹184 Cr EBITDA; strategic focus on growth, premiumization, and debt reduction.
Annual reports
Concalls
-
May 2025Transcript PPT REC
-
Feb 2025Transcript PPT
-
Nov 2024Transcript PPT
-
Aug 2024Transcript PPT
-
Jun 2024Transcript PPT
-
Feb 2024Transcript PPT
-
Nov 2023Transcript PPT
-
Aug 2023Transcript PPT
-
Jun 2023Transcript PPT
-
May 2023TranscriptNotesPPT
-
Feb 2023Transcript PPT
-
Nov 2022Transcript PPT
-
Aug 2022Transcript PPT
-
Aug 2022TranscriptNotesPPT
-
Jun 2022Transcript PPT
-
Feb 2022TranscriptNotesPPT
-
Dec 2021TranscriptPPT
-
Nov 2021Transcript PPT
-
Aug 2021Transcript PPT
-
Jul 2021TranscriptNotesPPT
-
May 2021Transcript PPT
-
Feb 2021Transcript PPT
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]