Hindware Home Innovation Ltd
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]
- 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
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.
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 | TTM | |
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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% |
Documents
Announcements
- Declaration Of Results Of Postal Ballot And Scrutinizer'S Report Pursuant To Regulation 44 Of SEBI (LODR) Regulations, 2015 ('Listing Regulations') 1d
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
27 Feb - The management of the Company would be having a interaction with the following research and fund houses on Tuesday, 28th February, 2023: Sr. No. Name …
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Disclosures under Reg. 29(1) & 29(2) of SEBI (SAST) Regulations, 2011
24 Feb - Disclosure under Regulation 29(1) & 29(2) of SEBI (SAST) Regulations, 2011 for Sandip Somany & PACs
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
22 Feb - The management of the Company would be having a one-on-one meeting with Alpha Invesco Research Services Limited on Thursday, 23rd February, 2023. Note: The schedule …
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
21 Feb - Transcript of the Earnings Conference Call held on Tuesday, 14th February, 2023 for discussion of the unaudited financial results of the Company for the third …
Annual reports
Concalls
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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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Aug 2022TranscriptNotesPPT
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Jun 2022Transcript PPT
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Feb 2022Transcript PPT
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Nov 2021Transcript PPT
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Aug 2021Transcript PPT
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Jul 2021TranscriptNotesPPT
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May 2021Transcript PPT
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Feb 2021Transcript PPT
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]