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

₹ 237 -2.66%
25 May - 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 ₹ 1,980 Cr.
  • Current Price ₹ 237
  • High / Low ₹ 393 / 170
  • Stock P/E 1,477
  • Book Value ₹ 88.1
  • Dividend Yield 0.00 %
  • ROCE 7.02 %
  • ROE 0.18 %
  • Face Value ₹ 2.00
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Pros

Cons

  • Stock is trading at 2.68 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 7.18% over past five years.
  • Company has a low return on equity of -0.85% over last 3 years.
  • Dividend payout has been low at 3.74% of profits over last 3 years

* 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 Consumer Discretionary BSE 1000

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
768 623 693 693 772 600 630 594 699 531 676 640 663
685 560 619 642 698 557 600 565 658 482 620 592 618
Operating Profit 83 63 74 51 75 43 30 29 41 49 56 48 44
OPM % 11% 10% 11% 7% 10% 7% 5% 5% 6% 9% 8% 8% 7%
7 6 5 11 -5 12 9 7 -16 -40 4 3 15
Interest 23 22 24 24 24 24 24 23 19 18 17 17 19
Depreciation 28 28 29 31 31 31 31 31 30 30 29 29 29
Profit before tax 38 18 27 6 14 0 -16 -16 -25 -40 15 6 11
Tax % 25% 84% 21% 5% 52% 111% -24% -23% 2% -37% 44% 20% 27%
23 1 20 5 3 -4 -16 -18 -31 -29 5 4 -19
EPS in Rs 2.72 0.03 2.29 0.54 0.26 -0.48 -1.86 -2.12 -3.70 -3.48 0.59 0.42 -2.28
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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 Mar 2026
1,671 1,613 1,775 2,294 2,872 2,776 2,523 2,510
1,546 1,525 1,632 2,118 2,627 2,514 2,380 2,313
Operating Profit 124 88 143 176 246 263 143 198
OPM % 7% 5% 8% 8% 9% 9% 6% 8%
9 24 18 129 36 15 12 -18
Interest 29 33 29 20 77 93 89 70
Depreciation 20 46 39 39 101 119 123 117
Profit before tax 85 33 92 245 103 66 -57 -8
Tax % 36% 30% 41% 17% 35% 45% -12% -53%
55 23 55 202 58 28 -68 -39
EPS in Rs 2.76 6.56 24.12 6.83 3.08 -8.16 -4.74
Dividend Payout % 0% 5% 4% 2% 6% 11% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 7%
3 Years: -4%
TTM: -1%
Compounded Profit Growth
10 Years: %
5 Years: -52%
3 Years: -71%
TTM: 103%
Stock Price CAGR
10 Years: %
5 Years: -6%
3 Years: -21%
1 Year: 5%
Return on Equity
10 Years: %
5 Years: 5%
3 Years: -1%
Last Year: 0%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 0.00 14 14 14 14 14 17 17
Reserves 242 260 315 512 561 583 760 720
303 328 242 374 958 1,046 889 856
431 407 466 1,245 769 776 862 859
Total Liabilities 976 1,010 1,039 2,146 2,303 2,420 2,528 2,452
108 190 157 743 912 918 875 999
CWIP 4 5 11 58 36 55 209 94
Investments 0 0 26 114 88 104 73 39
863 815 845 1,230 1,267 1,344 1,370 1,321
Total Assets 976 1,010 1,039 2,146 2,303 2,420 2,528 2,452

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
79 40 234 226 221 241 192 258
65 -31 -52 -124 -705 -219 -215 -129
-123 -28 -178 -83 467 -2 18 -120
Net Cash Flow 22 -19 5 19 -17 20 -4 8
Free Cash Flow 41 9 207 187 26 59 -6 133
CFO/OP 64% 108% 179% 163% 105% 107% 139% 139%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 78 81 84 49 48 60 73 61
Inventory Days 94 105 86 158 283 243 311 163
Days Payable 57 38 44 59 123 129 210 116
Cash Conversion Cycle 115 149 126 147 208 174 174 108
Working Capital Days 36 40 43 -33 10 -4 11 -11
ROCE % 12% 21% 22% 15% 11% 4% 7%

Insights

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Mar 2023 Mar 2024 Sep 2025
Bathware Brand Stores
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Bathware Retailers
Number
Pipes Dealers/Retail Outlets
Number
Pipes Product SKUs
Number
Plastic Pipes & Fittings Installed Capacity
Tonnes per annum
Sanitaryware Installed Capacity
Million Pieces per annum

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
51.32% 51.32% 51.32% 51.32% 51.32% 51.32% 52.54% 52.74% 52.74% 52.74% 52.74% 52.74%
5.03% 7.15% 7.59% 7.49% 6.05% 5.65% 3.50% 3.64% 3.59% 3.16% 3.10% 3.36%
9.02% 9.16% 9.82% 7.34% 7.09% 6.91% 7.58% 7.09% 6.75% 6.35% 5.75% 5.83%
34.63% 32.36% 31.27% 33.85% 35.54% 36.12% 36.37% 36.52% 36.92% 37.74% 38.40% 38.06%
No. of Shareholders 41,48842,24536,00237,23738,57442,91445,60946,20743,76441,14738,59438,057

* 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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