Hindware Home Innovation Ltd.

•

hindwarehomes.comBSE: 542905NSE: HINDWAREAP

Market Cap₹ 1,492 Cr.

Current Price

High / Low₹ 393 / 170

Stock P/E0.0

Book Value₹ 27

Price to Book6.54

Dividend Yield0.00 %

ROCE-29.1 %

ROE-27.3 %

Face Value₹ 2

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Building Products: 87.4% • Consumer Products: 12.7% • Discontinued Operations: -0.0%

AI Sector View

AI GENERATED

Oil Gas & Consumable Fuels

Reduce

Sector economics are clouded by input volatility and uneven volume trends. WPI fuel inflation is very high at 20.05% (Jul/26), crude oil output is -5.3% YoY (2026-07), natural gas is -3.7% YoY (2026-07), and natural gas consumption is -3.0% YoY (2026-06), although refinery products grew 2.7% YoY (2026-07) and coal was 7.6% YoY (2026-07). Heavy FPI outflows of INR -15293 crore over 3 months to 2026-08-31 and negative oil-linked news flow reinforce the underweight.

Confidence

78%

View full sector analysis →

PROS

Company is almost debt free
Latest quarter profit grew 102.3% YoY, showing strong momentum
Working capital cycle has improved - days down from 47 to 11
Company generates healthy free cash flow

CONS

Company is loss-making at the operating / net level
Company has a low return on equity of -21.8% over last 3 years
Company has a low return on capital employed of -15.8%
Interest coverage is weak at -13.5x - earnings barely cover interest
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -0.26x)
Company's sales have been declining over the last five years

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Oil Gas & Consumable FuelsTradingTrading

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	ADANIENT	3057.10	55.59	413846.54	0.04	-1461.54	-249.67	32923.98	49.92	13.30	15.57
2.	AEGISLOG	1353.10	37.96	47493.81	0.64	544.84	210.70	2356.86	37.07	19.76	30.28
3.	CPPLUS	3830.15	94.94	45310.84	0.04	142.20	332.51	1402.42	89.51	29.48	14.52
4.	PREMIERENE	974.55	26.57	44239.84	0.10	471.92	53.32	2462.59	35.25	33.72	29.03
5.	REDINGTON	393.65	18.09	30774.55	1.52	453.49	94.65	34922.47	34.57	18.96	2.03
6.	HONASA	470.95	61.70	15354.11	0.64	90.45	118.87	755.95	27.00	20.87	14.58
7.	LLOYDSENT	69.79	94.88	10653.81	0.21	109.98	-55.77	563.03	70.15	12.84	18.07
8.	SGMART	751.25	76.16	9468.39	0.00	455.80	1310.71	13085.70	1044.08	10.43	4.49
9.	MMTC	61.96	20.78	9294.00	0.00	104.24	135.52	0.68	-50.00	33.46	-1423.53
10.	ENTERO	1819.35	63.14	7918.37	0.00	52.05	72.17	1940.50	38.23	10.93	5.00
11.	EBGNG	683.00	54.67	7786.99	0.00	28.93	56.21	412.46	32.08	20.58	11.97
12.	HINDWAREAP	178.35	0.00	1491.83	0.00	4.37	115.03	625.25	17.71	4.24	7.88

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	105	96	112	108	111	83	67	92	71	84	81	80	83
	108	102	121	121	113	94	81	106	72	84	86	87	88
Operating Profit	-3	-6	-8	-13	-2	-12	-13	-14	-1	0	-4	-7	-5
OPM %	-2.98%	-6.02%	-7.38%	-11.60%	-1.97%	-14.08%	-19.63%	-14.77%	-1.21%	0.48%	-5.39%	-8.64%	-6.03%
	32	3	3	2	5	9	3	0	-39	7	9	-34	6
Interest	5	5	4	4	5	5	4	2	2	2	1	1	1
Depreciation	4	4	4	4	5	4	4	4	4	2	2	3	3
Profit before Tax	21	-13	-13	-19	-7	-12	-18	-19	-45	4	1	-45	1
Tax %	36.86%	39.79%	34.53%	23.70%	27.34%	37.04%	26.19%	24.43%	36.08%	80.86%	40.34%	4.18%	46.77%
Net Profit	13	-8	-9	-15	-5	-8	-13	-15	-29	1	1	-43	1
	1.57	-1.05	-1.15	-1.96	-0.64	-1.02	-1.69	-1.74	-3.45	0.09	0.09	-5.19	0.08

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	397	451	503	491	557	422	352	317	328
	412	443	476	479	544	452	393	329	344
Operating Profit	-15	8	27	13	13	-30	-41	-12	-16
OPM %	-3.89%	1.87%	5.40%	2.58%	2.35%	-7.18%	-11.53%	-3.71%	-4.84%
	1	29	39	35	44	40	17	-57	-12
Interest	8	13	15	16	20	18	15	6	6
Depreciation	6	22	15	14	18	17	17	11	10
Profit before Tax	-29	3	36	17	19	-25	-56	-85	-39
Tax %	34.28%	-245.59%	48.30%	26.52%	43.29%	27.02%	28.07%	17.00%	-6.13%
Net Profit	-19	9	19	13	11	-18	-40	-71	-41
EPS	-2.60	1.21	2.58	1.76	1.47	-2.51	-4.81	-8.45	—
Dividend Payout %	—	12.35%	11.63%	28.49%	34.09%	-15.95%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: -9%
3 Years:: -17%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: —
5 Years:: -14%
3 Years:: -30%
1 Year:: -48%

RETURN ON EQUITY

10 Years:: —
5 Years:: -9%
3 Years:: -22%
Last Year:: -27%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	0	14	14	14	14	14	17	17
	68	77	95	102	112	73	277	207
	120	183	143	222	175	192	47	49
Trade Payables	35	65	100	81	78	69	57	49
	36	25	70	65	73	70	57	29
Total Liabilities	258	364	421	484	453	418	455	350
	25	79	49	86	91	78	63	45
Capital Work in Progress	4	3	1	6	5	1	2	0
	2	2	2	29	39	62	74	40
	108	134	114	143	121	113	91	74
	0	0	0	0	0	104	91	48
Cash & Bank	9	0	2	3	1	11	5	7
	111	146	254	216	196	49	129	136
Total Assets	258	364	421	484	453	418	455	350

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-38	-17	54	-45	63	16	11	6
Cash from Investing	-6	14	-13	45	6	-8	-113	-1
Cash from Financing	6	-6	-39	14	-68	1	96	-4
	-39	-8	2	1	-2	10	-5	2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	51.32	51.32	52.54	52.74	52.74	52.74	52.74	52.74	52.74
	6.05	5.65	3.50	3.64	3.59	3.16	3.10	3.36	5.14
	7.09	6.91	7.54	7.05	6.71	6.31	5.71	5.79	3.68
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	35.53	36.11	36.41	36.56	36.96	37.80	38.44	38.10	38.42

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-08

Updates

2026-09-08 - Hindware Home Innovation Limited has informed the Exchange regarding 'ESG Ratings update'.

2026-08-19

Shareholders meeting

2026-08-19 - Hindware Home Innovation Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 18, 2026. Further, the company has informed the Exchange regarding voting results.

2026-08-18

Shareholders meeting

2026-08-18 - Hindware Home Innovation Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 18, 2026

2026-08-13

Copy of Newspaper Publication

2026-08-13 - Hindware Home Innovation Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-12

Investor Presentation

2026-08-12 - Hindware Home Innovation Limited has informed the Exchange about Investor Presentation

2026-08-12

Investor Presentation

2026-08-12 - Hindware Home Innovation Limited has informed the Exchange about Investor Presentation

2026-08-12

Outcome of Board Meeting

2026-08-12 - With reference to the captioned subject, we would like to inform you that the Board of Directors of the Company in its meeting held today i.e. 12th August, 2026 has, inter-alia, approved the un-audited standalone and consolidated financial results of the Company together with segment wise revenue and results, segment wise assets and liabilities for the first quarter ended 30th June, 2026, duly recommended by the Audit Committee in the meeting held on 12th August, 2026 in compliance with the requirements of Regulations 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, a copy of the same along with the Limited Review Report of the Statutory Auditors thereon.

2026-07-26

Copy of Newspaper Publication

2026-07-26 - Hindware Home Innovation Limited has informed the Exchange about Intimation regarding newspaper publication of Notice of 9th AGM of the Company and information about e-voting)

2026-07-25

General Updates

2026-07-25 - Hindware Home Innovation Limited has informed the Exchange about Communication To Shareholders For Annual Report Web-Link

News

Recent coverage and analyst commentary for HINDWAREAP

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Hindware Home Innovation Ltd.

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Free 5nance Account

Name

ADANIENT

3057.10

55.59

413846.54

0.04

-1461.54

-249.67

32923.98

49.92

13.30

15.57

AEGISLOG

1353.10

37.96

47493.81

0.64

544.84

210.70

2356.86

37.07

19.76

30.28

CPPLUS

3830.15

94.94

45310.84

0.04

142.20

332.51

1402.42

89.51

29.48

14.52

PREMIERENE

974.55

26.57

44239.84

0.10

471.92

53.32

2462.59

35.25

33.72

29.03

REDINGTON

393.65

18.09

30774.55

1.52

453.49

94.65

34922.47

34.57

18.96

2.03

HONASA

470.95

61.70

15354.11

0.64

90.45

118.87

755.95

27.00

20.87

14.58

LLOYDSENT

69.79

94.88

10653.81

0.21

109.98

-55.77

563.03

70.15

12.84

18.07

SGMART

751.25

76.16

9468.39

0.00

455.80

1310.71

13085.70

1044.08

10.43

4.49

MMTC

61.96

20.78

9294.00

0.00

104.24

135.52

0.68

-50.00

33.46

-1423.53

ENTERO

1819.35

63.14

7918.37

0.00

52.05

72.17

1940.50

38.23

10.93

5.00

EBGNG

683.00

54.67

7786.99

0.00

28.93

56.21

412.46

32.08

20.58

11.97

HINDWAREAP

178.35

0.00

1491.83

0.00

4.37

115.03

625.25

17.71

4.24

7.88

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

105

112

108

111

108

102

121

113

106

Operating Profit

-3

-6

-8

-13

-2

-12

-13

-14

-1

-4

-7

-5

OPM %

-2.98%

-6.02%

-7.38%

-11.60%

-1.97%

-14.08%

-19.63%

-14.77%

-1.21%

0.48%

-5.39%

-8.64%

-6.03%

-39

-34

Interest

Depreciation

Profit before Tax

-13

-19

-7

-12

-18

-19

-45

Tax %

36.86%

39.79%

34.53%

23.70%

27.34%

37.04%

26.19%

24.43%

36.08%

80.86%

40.34%

4.18%

46.77%

Net Profit

-8

-9

-15

-5

-8

-13

-15

-29

-43

1.57

-1.05

-1.15

-1.96

-0.64

-1.02

-1.69

-1.74

-3.45

0.09

-5.19

0.08

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

397

451

503

491

557

422

352

317

328

412

443

476

479

544

452

393

329

344

Operating Profit

-15

-30

-41

-12

-16

OPM %

-3.89%

1.87%

5.40%

2.58%

2.35%

-7.18%

-11.53%

-3.71%

-4.84%

-57

-12

Interest

Depreciation

Profit before Tax

-29

-25

-56

-85

-39

Tax %

34.28%

-245.59%

48.30%

26.52%

43.29%

27.02%

28.07%

17.00%

-6.13%

Net Profit

-19

-18

-40

-71

-41

EPS

-2.60

1.21

2.58

1.76

1.47

-2.51

-4.81

-8.45

—

Dividend Payout %

—

12.35%

11.63%

28.49%

34.09%

-15.95%

0.00%

—

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

102

112

277

207

120

183

143

222

175

192

Trade Payables

100

Total Liabilities

258

364

421

484

453

418

455

350

Capital Work in Progress

108

134

114

143

121

113

104

Cash & Bank

111

146

254

216

196

129

136

Total Assets

258

364

421

484

453

418

455

350

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

-38

-17

-45

Cash from Investing

-6

-13

-8

-113

-1

Cash from Financing

-6

-39

-68

-4

-39

-8

-2

-5

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

51.32

52.54

52.74

6.05

5.65

3.50

3.64

3.59

3.16

3.10

3.36

5.14

7.09

6.91

7.54

7.05

6.71

6.31

5.71

5.79

3.68

Government

0.00

35.53

36.11

36.41

36.56

36.96

37.80

38.44

38.10

38.42

Hindware Home Innovation Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Hindware Home Innovation Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI