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

₹ 292 0.19%
30 Jun - 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

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 ₹ 2,445 Cr.
  • Current Price ₹ 292
  • High / Low ₹ 463 / 177
  • Stock P/E
  • Book Value ₹ 92.9
  • Dividend Yield 0.14 %
  • ROCE 3.67 %
  • ROE -6.55 %
  • Face Value ₹ 2.00
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Pros

Cons

  • Stock is trading at 3.14 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

Part of BSE SmallCap BSE Allcap BSE Consumer Discretionary

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
686 678 715 713 768 623 693 693 772 600 630 594 699
624 620 659 663 685 560 619 642 698 557 600 565 658
Operating Profit 62 59 56 50 83 63 74 51 75 43 30 29 41
OPM % 9% 9% 8% 7% 11% 10% 11% 7% 10% 7% 5% 5% 6%
6 8 9 11 7 6 5 11 -5 12 9 7 -16
Interest 5 14 19 22 23 22 24 24 24 24 24 23 19
Depreciation 11 22 25 25 28 28 29 31 31 31 31 31 30
Profit before tax 51 31 20 13 38 18 27 6 14 0 -16 -16 -25
Tax % 22% 59% 24% 27% 25% 84% 21% 5% 52% 111% -24% -23% 2%
37 11 16 8 23 1 20 5 3 -4 -16 -18 -31
EPS in Rs 4.46 1.29 1.94 0.93 2.72 0.03 2.29 0.54 0.26 -0.48 -1.86 -2.12 -3.70
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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: 0%
1 Year: -31%
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 91 103 75 -9 63 64 67
ROCE % 12% 21% 22% 15% 10% 4%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
51.32% 51.32% 51.32% 51.32% 51.32% 51.32% 51.32% 51.32% 51.32% 51.32% 52.54% 52.74%
3.02% 3.18% 4.36% 4.96% 5.03% 7.15% 7.59% 7.49% 6.05% 5.65% 3.50% 3.64%
6.34% 6.50% 7.27% 8.27% 9.02% 9.16% 9.82% 7.34% 7.09% 6.91% 7.58% 7.09%
39.32% 39.01% 37.06% 35.45% 34.63% 32.36% 31.27% 33.85% 35.54% 36.12% 36.37% 36.52%
No. of Shareholders 35,55437,66037,60337,83041,48842,24536,00237,23738,57442,91445,60946,207

* 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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