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Hindware Home Innovation Limited HINDWAREAP NSE

Consumer Cyclical · Furnishings, Fixtures & Appliances · India
https://www.hindwarehomes.com

Hindware Home Innovation Limited engages in the manufacturing, selling and trading of building products, consumer appliances in India. The company offers kitchen appliances comprising chimneys, cooking range, food waste disposers, cooktops, dishwashers, kitchen sinks, water purifiers, built-in microwaves, and ovens and hobs; storage, instant, gas, heat pump water heaters; desert, personal, and window air coolers, as well as ceiling and pedestal fans. It also provides building products consisting of sanitary ware, including water closets, wash basins, squatting pans, and urinals; faucets, such as bathroom, kitchen, and sensor faucets, diverters, showers, and thermostats; wellness products comprising bath-tub, shower enclosures, massage tubs, and steam generators; glazed vitrified, ceramic, vitrified, adhesives tiles; plastic pipes and fittings, which include CPVC, UPVC, PVC, SWR, column, and multi-layer composite pipe, as well as overhead water storage tanks and bath fittings; and allied products, such as concealed cisterns, seat covers, PVC cisterns, and bidet attachments. The company offers its products under Hindware, Hindware Italian Collection, Queo, Truflo by Hindware, Hindware Smart Appliances, Hindware Atlantic, and FGV By Hindware brand name. The company was formerly known as Somany Home Innovation Limited and changed its name to Hindware Home Innovation Limited in May 2022. Hindware Home Innovation Limited was incorporated in 2017 and is based in Gurugram, India.

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₹223.51
-12.41% 1Y

Market & Price

Market Cap
₹1,869.58 Cr
Current Price
₹223.51
High / Low (52W)
₹380.85 / ₹172.94
Beta
0.36

Valuation

Stock P/E
-
Industry PE
26.67
Forward P/E
13.59
PEG Ratio
-
Book Value
₹87.90
Price to Book
2.54
P/S
0.73
EV/EBITDA
11.62
Dividend Yield
-

Profitability & Returns

ROCE
5.22%
ROE
-5.13%
ROA
2.89%
Profit Margin
-1.56%
Op Margin
4.92%
EPS (Latest Qtr)
₹-2.27
EPS (TTM)
₹-4.76

Balance Sheet & Liquidity

Debt/Equity
1.15
Quick Ratio
0.36
Current Ratio
0.97
Debt
₹856.27 Cr
Total Assets
₹2,451.78 Cr
Current Assets
₹1,218.13 Cr
Working Capital
₹-38.20 Cr

Ownership

Promoter Holding
57.77%
Chg in Prom Hold
-
FII / Inst Holding
7.36%
Chg in FII Hold
-

Financial Snapshot

Enterprise Value
₹2,700.86 Cr
Total Revenue (TTM)
₹2,545.23 Cr
EBITDA
₹232.52 Cr
Free Cash Flow
₹82.46 Cr
Operating Cash Flow
₹257.94 Cr
Shares Outstanding
₹8.36 Cr
Gross Margin
42.39%
Payout Ratio
0.00%

Growth (CAGR)

Revenue 5Y
-3.58%
Profit 5Y
-56.50%
Revenue (YoY)
-3.50%
Earnings (YoY)
-

PROS

  • Generates positive free cash flow.

CONS

  • Revenue declined at -3.6% CAGR over 5 years.
  • Earnings shrank at -56.5% CAGR over 5 years.
  • Trading 41.3% below its 52-week high.
  • In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

NSE TradingView Screener.in

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Consumer Cyclical).

#NameCMP ₹P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 HINDWAREAP Hindware Home Innovation Limited NSE 223.51 - ₹1,869.58 Cr - 5.22% -5.13% -3.58% -56.50%
2 MARUTI Maruti Suzuki India Limited NIFTY50NSEAI 13,127.00 28.09 ₹4.13 L Cr 1.07% 17.22% 14.43% 16.60% 21.11%
3 M&M Mahindra & Mahindra Limited NIFTY50NSEAI 3,045.60 20.00 ₹3.66 L Cr 1.08% 17.26% 18.75% 18.44% 18.48%
4 TITAN Titan Company Limited NIFTY50NSE 4,074.90 71.43 ₹3.61 L Cr 0.27% 38.43% 37.13% 23.83% 16.00%
5 ETERNAL Eternal Limited NSEAITECH 250.58 626.45 ₹2.30 L Cr - 2.87% 1.19% 97.70% 45.90%
6 EICHERMOT Eicher Motors Limited NIFTY50NSEAI 7,177.00 35.71 ₹1.97 L Cr 0.98% 26.43% 23.77% 17.47% 23.70%
7 TVSMOTOR TVS Motor Company Limited NSE 3,355.70 52.91 ₹1.59 L Cr 0.36% 28.86% 31.62% 26.91% 31.46%
8 HYUNDAI HYUNDAI MOTOR INDIA LTD NSE 1,924.00 28.82 ₹1.56 L Cr 1.09% 32.62% 29.92% 5.50% 4.87%
9 MOTHERSON Samvardhana Motherson International Limited NSEAI 145.74 39.82 ₹1.53 L Cr 0.41% 11.82% 10.11% 17.10% 37.17%
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Quarterly Results

Figures in INR.

Metric Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue -594.23 Cr699.02 Cr531.16 Cr676.31 Cr640.08 Cr662.73 Cr
Cost of Revenue -324.01 Cr416.49 Cr275.71 Cr378.71 Cr348.98 Cr368.65 Cr
Gross Profit -270.22 Cr282.53 Cr255.45 Cr297.60 Cr291.10 Cr294.08 Cr
Operating Expenses -271.36 Cr272.00 Cr236.94 Cr270.19 Cr271.77 Cr265.57 Cr
Operating Income --1.14 Cr10.53 Cr18.51 Cr27.41 Cr19.33 Cr28.51 Cr
EBITDA -37.49 Cr21.58 Cr8.26 Cr60.85 Cr51.52 Cr59.31 Cr
Interest Expense -22.56 Cr19.10 Cr17.93 Cr17.14 Cr16.71 Cr18.62 Cr
Pretax Income --15.62 Cr-27.88 Cr-39.91 Cr14.71 Cr5.97 Cr11.28 Cr
Tax Provision --3.74 Cr58.00 L-14.85 Cr6.42 Cr1.16 Cr3.07 Cr
Net Income --17.76 Cr-30.95 Cr-29.12 Cr4.92 Cr3.55 Cr-19.03 Cr
Diluted EPS -2.08-2.28-3.70-3.480.590.42-2.27

Profit & Loss (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue -2,800.40 Cr2,718.68 Cr2,522.99 Cr2,510.28 Cr
Cost of Revenue -1,699.15 Cr1,563.21 Cr1,410.06 Cr1,372.05 Cr
Gross Profit -1,101.26 Cr1,155.47 Cr1,112.93 Cr1,138.23 Cr
Operating Expenses -958.69 Cr1,013.63 Cr1,092.44 Cr1,044.47 Cr
Operating Income -142.56 Cr141.84 Cr20.49 Cr93.76 Cr
EBITDA -281.07 Cr302.77 Cr154.18 Cr179.94 Cr
Interest Expense -77.10 Cr92.15 Cr89.14 Cr70.40 Cr
Pretax Income -102.99 Cr87.58 Cr-57.72 Cr-7.95 Cr
Tax Provision -36.53 Cr29.51 Cr-6.84 Cr-4.20 Cr
Net Income -57.09 Cr25.78 Cr-68.29 Cr-39.68 Cr
Diluted EPS 26.627.593.45-8.78-

Compounded Sales Growth

5 Years:-3.58%
1 Year:-3.50%

Compounded Profit Growth

5 Years:-56.50%
1 Year:-

Stock Price Performance

1 Year:-12.41%
6 Months:-34.95%
3 Months:-3.99%
1 Month:+3.09%

Balance Sheet (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets -2,302.65 Cr2,420.31 Cr2,527.74 Cr2,451.78 Cr
Current Assets -1,197.45 Cr1,212.40 Cr1,268.08 Cr1,218.13 Cr
Cash & Equivalents -9.20 Cr29.22 Cr24.89 Cr33.29 Cr
Inventory -683.77 Cr589.36 Cr600.72 Cr613.95 Cr
Receivables -377.61 Cr453.34 Cr507.77 Cr419.52 Cr
Total Liabilities -1,719.63 Cr1,813.62 Cr1,741.61 Cr1,705.41 Cr
Current Liabilities -1,110.33 Cr1,216.45 Cr1,168.49 Cr1,256.33 Cr
Long Term Debt -328.05 Cr339.20 Cr354.83 Cr253.11 Cr
Total Debt -957.53 Cr1,046.20 Cr889.15 Cr965.30 Cr
Total Equity -575.74 Cr597.83 Cr777.07 Cr736.89 Cr
Shares Outstanding -7.58 Cr7.58 Cr8.36 Cr8.36 Cr

Cash Flows (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow -220.79 Cr240.77 Cr192.09 Cr257.94 Cr
Investing Cash Flow --704.74 Cr-218.77 Cr-214.57 Cr-129.31 Cr
Financing Cash Flow -466.68 Cr-1.97 Cr18.30 Cr-120.21 Cr
Capital Expenditure --195.60 Cr-183.41 Cr-202.23 Cr-127.51 Cr
Free Cash Flow -25.19 Cr57.35 Cr-10.14 Cr130.43 Cr
Net Change in Cash --17.27 Cr20.02 Cr-4.18 Cr8.42 Cr

Ratios (Annual)

Figures in %.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Gross Margin % -39.3%42.5%44.1%45.3%
Operating Margin % -5.1%5.2%0.8%3.7%
Net Margin % -2.0%0.9%-2.7%-1.6%
ROE % -9.9%4.3%-8.8%-5.4%
ROCE % -12.0%11.8%1.5%7.8%

Shareholding Pattern

Insiders
57.77%
Institutions
7.36%
Public Float
17.43%

Analyst View

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