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

₹ 343 3.35%
24 Mar - 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 ₹ 2,477 Cr.
  • Current Price ₹ 343
  • High / Low ₹ 482 / 259
  • Stock P/E 34.4
  • Book Value ₹ 76.6
  • Dividend Yield 0.15 %
  • ROCE 22.3 %
  • ROE 27.8 %
  • Face Value ₹ 2.00
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Pros

  • Company is expected to give good quarter
  • Debtor days have improved from 71.3 to 48.7 days.

Cons

  • Company might be capitalizing the interest cost

* 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: Trading Industry: Trading

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
444.37 364.56 185.37 425.17 551.37 613.30 342.30 616.69 649.01 685.63 678.09 714.80 712.53
417.17 351.55 202.59 385.04 495.78 548.70 331.82 567.21 595.83 623.95 619.58 659.17 662.84
Operating Profit 27.20 13.01 -17.22 40.13 55.59 64.60 10.48 49.48 53.18 61.68 58.51 55.63 49.69
OPM % 6.12% 3.57% -9.29% 9.44% 10.08% 10.53% 3.06% 8.02% 8.19% 9.00% 8.63% 7.78% 6.97%
7.22 11.87 3.18 5.50 4.06 5.33 107.37 8.44 8.79 5.56 8.16 8.62 10.70
Interest 9.76 8.20 11.10 7.04 5.69 5.65 5.20 5.58 4.44 5.20 13.53 18.65 21.99
Depreciation 11.68 13.93 10.58 11.40 8.69 8.60 8.73 10.02 10.00 10.58 22.32 25.16 25.13
Profit before tax 12.98 2.75 -35.72 27.19 45.27 55.68 103.92 42.32 47.53 51.46 30.82 20.44 13.27
Tax % 28.51% 16.00% 31.30% 28.43% 16.81% 60.02% 0.39% 43.60% 24.62% 21.73% 59.44% 24.12% 26.53%
Net Profit 9.28 2.31 -24.54 19.46 37.66 22.26 103.63 24.88 35.86 37.31 10.78 16.25 7.78
EPS in Rs 1.28 0.32 -3.39 2.69 5.21 3.08 14.33 3.44 4.96 5.16 1.49 2.25 1.08
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
1,671 1,613 1,775 2,294 2,791
1,546 1,525 1,632 2,118 2,566
Operating Profit 124 88 143 176 226
OPM % 7% 5% 8% 8% 8%
9 24 18 129 33
Interest 29 33 29 20 59
Depreciation 20 46 39 39 83
Profit before tax 85 33 92 245 116
Tax % 36% 30% 41% 17%
Net Profit 55 23 55 202 72
EPS in Rs 3.20 7.59 27.90 9.98
Dividend Payout % 0% 5% 4% 2%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 11%
TTM: 26%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 30%
TTM: -20%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 75%
1 Year: -5%
Return on Equity
10 Years: %
5 Years: %
3 Years: 20%
Last Year: 28%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
14 14 14 14 14
Reserves 242 260 315 512 539
303 328 242 374 996
431 407 466 1,245 694
Total Liabilities 976 1,010 1,039 2,146 2,244
108 190 157 743 603
CWIP 4 5 11 58 274
Investments 0 0 26 114 95
863 815 845 1,230 1,272
Total Assets 976 1,010 1,039 2,146 2,244

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022
79 40 234 226
65 -31 -52 -124
-123 -28 -178 -83
Net Cash Flow 22 -19 5 19

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 78 81 84 49
Inventory Days 94 105 86 158
Days Payable 57 38 44 59
Cash Conversion Cycle 115 149 126 147
Working Capital Days 91 103 75 -9
ROCE % 11% 21% 22%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
50.21 50.21 51.11 51.11 51.11 51.11 51.11 51.32 51.32 51.32 51.32 51.32
3.49 3.86 3.53 2.76 2.48 2.43 3.74 3.63 3.31 3.02 3.18 4.36
21.76 20.37 15.46 6.94 6.98 6.90 5.74 5.92 5.83 6.34 6.50 7.27
24.54 25.56 29.90 39.20 39.43 39.56 39.41 39.13 39.54 39.32 39.01 37.06

* 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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