Is Hardwyn India Ltd (HARDWYN) a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Hardwyn India Ltd is a below average quality company .

Is Hardwyn India Ltd (HARDWYN) undervalued or overvalued?

The key valuation ratios of Hardwyn India Ltd's currently when compared to its past seem to suggest it is in the Fair zone .

What is Hardwyn India Ltd (HARDWYN) share price return in the past 10 years?

Data is not available for this company

Is Hardwyn India Ltd (HARDWYN) a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Hardwyn India Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

What is the share price of Hardwyn India Ltd (HARDWYN)?

Company share prices are keep on changing according to the market conditions. The current trading price of Hardwyn India Ltd (HARDWYN) on 17-Apr-2026 16:59:59 at 16:59 is 22.42.

What is the P/E ratio of Hardwyn India?

The latest standalone P/E ratio of Hardwyn India as of 17-Apr-2026 is 97.33.

What is the P/B ratio of Hardwyn India Ltd (HARDWYN)?

The latest standalone P/B ratio of Hardwyn India Ltd (HARDWYN) as of 17-Apr-2026 is 2.67.

What is the 52-week high and low of Hardwyn India Ltd (HARDWYN)?

The 52-week high of Hardwyn India Ltd (HARDWYN) is Rs. 22.00 and the 52-week low is Rs. 10.90.

Hardwyn India Ltd (HARDWYN) Share Analysis – Quality, Valuation Zone & Price Trend & DeciZen Rating

Name: Hardwyn India Ltd (HARDWYN)
Brand: Hardwyn India

Hardwyn India Ltd (HARDWYN) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

BSE: 541276 NSE: HARDWYN | Trading | Small Cap

Key Metrics

Market Cap

₹1,074 Cr.

P/E Ratio

97.33

Price to Book (P/B)

2.67

Price to Sales (P/S)

7.16

EV/EBITDA

59.47

Return on Capital Employed (ROCE)

4.14%

Current Price

₹22.4

Return on Equity (ROE)

2.77%

Return on Assets (ROA)

2.39%

Operating Profit Margin

12.2%

Net Profit Margin

7.59%

Gross Profit Margin

11.9%

Book Value per Share

₹8.2

Sales Growth (YoY)

4.47%

Sales Growth (3 Years)

18.74%

Operating Profit Growth (1 Year)

10.06%

Operating Profit Growth (3 Years)

49.83%

Net Profit Growth (1 Year)

10.26%

52-Week Low / High

₹11 / 22

Net Profit Growth (3 Years)

46.67%

Dividend Yield

0.00%

Promoter Holding

43.77%

Pledged shares (%)
of Promoter's holding (%)

0.00%

Check Before You Invest

Q.1 Revenue growth of Hardwyn India Ltd?

Hardwyn India Ltd revenue growth is 4.5% for FY-2025 , which is below its 5 year CAGR of 65.1% , indicating slower growth.

Q.1 Promoter shareholding and pledge status of Hardwyn India Ltd?

Promoters hold 43.77% of the Hardwyn India Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Revenue growth of Hardwyn India Ltd vs industry peers?

Hardwyn India Ltd revenue CAGR is 65.13% , compared to the industry median CAGR of 0% , indicating faster growth and gaining its market share.

Q.1 Which industry/sub-sector does Hardwyn India Ltd belong to?

Hardwyn India Ltd belongs to the Miscellaneous sector, operating specifically within the Trading segment.

Q.1 Stock return of Hardwyn India Ltd over the last decade?

Over the last 5 year(s), the stock has delivered a CAGR of 56.22% based on the current price.

DeciZen - make an informed investing decision on Hardwyn India

Based on:

Data

Overall Rating ⓘ
Login to view analysis.

1. Quality

2. Valuation ⓘ

3. Price Trend

Hardwyn India stock performance

Key Ratios

Is Hardwyn India Ltd an attractive stock to invest in?

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	0%	0%	1.4%	2%	3.5%	17.1%	27.3%	6.8%	3.9%	4.1%	-
Value Creation Index ⓘ	NA	NA	-0.9	-0.9	-0.8	0.2	1.0	-0.5	-0.7	-0.7	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	0	0	18.2	42.2	11.5	57.7	84.6	125	136	142	150
Sales YoY Gr.	-	NA	NA	132.2%	-72.7%	400.8%	46.5%	47.9%	8.3%	4.5%	-
Adj EPS ⓘ	0	0	0	0	0	0.1	0.1	0.2	0.2	0.2	0.2
YoY Gr.	-	NA	NA	NA	NA	NA	120%	63.6%	5.6%	10.5%	-
BVPS (₹) ⓘ	0	0	0.4	0.4	0.4	0.4	0.5	7.6	7.8	8.1	8.2
Adj Net Profit ⓘ	0	0	0.1	0	0.1	1.3	3.3	8.6	9.5	10.4	11
Cash Flow from Ops. ⓘ	0	0	-6.8	-9.1	6.3	-3.6	-0.2	3.6	2.2	1.4	-
Debt/CF from Ops. ⓘ	0	0	0	-0.7	0	-1.4	-37.3	1.3	3.7	6.5	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	NA	65.1%	18.7%	4.5%
Adj EPS ⓘ	NA	NA	24.1%	10.5%
BVPSⓘ	NA	86.2%	146.1%	2.8%
Share Price	-	56.2%	7.5%	68.8%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	1	0.4	1	11.9	23.8	4.4	2.5	2.7	2.8
Op. Profit Mgn % ⓘ	0.5	0.6	4.1	3.6	6.1	10.6	11.6	12.2	11.7
Net Profit Mgn % ⓘ	0.4	0.1	0.9	2.3	3.8	6.9	7	7.3	7.5
Debt to Equity ⓘ	0	0.6	0	0.4	0.4	0	0	0	-
Working Cap Days ⓘ	0	114	474	160	201	168	204	246	119
Cash Conv. Cycle ⓘ	0	98	362	62	45	56	78	103	51

Recent Performance Summary

Latest Financials

	Standalone	Consolidated
TTM EPS (₹)	0.2	0.2
TTM Sales (₹ Cr.)	150	188
BVPS (₹) ⓘ	8.2	8.3
Reserves (₹ Cr.) ⓘ	354	354
P/BV ⓘ	2.67	2.66
PE ⓘ	97.33	92.26

From the Market
52 Week Low / High (₹)	10.90 / 22.00
All Time Low / High (₹)	0.20 / 40.71
Market Cap (₹ Cr.)	1,074
Equity (₹ Cr.)	48.8
Face Value (₹)	1
Industry PE ⓘ	25.4

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Hardwyn India - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	18	42	12	58	85	125	136	142
Operating Expenses ⓘ +	18	42	11	56	79	112	120	124
Manufacturing Costs	0	0	0	0	2	2	2	3
Material Costs	18	41	11	53	72	102	110	114
Employee Cost	0	0	0	1	2	3	3	3
Other Costs ⓘ	0	1	0	2	3	5	5	5
Operating Profit ⓘ	0	0	0	2	5	13	16	17
Operating Profit Margin (%)	0.5%	0.6%	4.1%	3.6%	6.1%	10.5%	11.6%	12.2%
Other Income ⓘ +	0	0	0	0	0	1	0	1
Exceptional Items ⓘ	0	0	0	0	0	0	0	0
Interest ⓘ	0	0	0	0	1	1	1	1
Depreciation ⓘ	0	0	0	0	0	0	1	2
Profit Before Tax ⓘ	0	0	0	2	5	13	14	15
Tax ⓘ	0	0	0	1	1	4	4	4
Profit After Tax	0	0	0	2	3	9	10	11
PAT Margin (%)	0.4%	0.1%	0.9%	2.7%	4.0%	7.2%	7.2%	7.6%
Adjusted EPS (₹)	0.0	0.0	0.0	0.1	0.1	0.2	0.2	0.2
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	7	10	10	12	15	373	382	393
Share Capital ⓘ	7	10	10	10	10	26	35	49
Reserves ⓘ	0	0	0	2	5	346	347	344
Debt +	0	6	0	5	7	5	8	9
Long Term Debt	0	0	0	0	0	0	0	0
Short Term Debt	0	6	0	5	7	5	8	9
Minority Interest	0	0	0	0	0	0	0	0
Trade Payables	2	1	2	21	32	27	43	34
Others Liabilities ⓘ	0	0	0	1	3	6	13	18
Total Liabilities ⓘ	9	17	13	39	57	411	447	453
Fixed Assets
Net Fixed Assets ⓘ +	0	0	0	0	1	1	5	4
Gross Block	0	0	0	0	1	1	6	7
Accumulated Depreciation	0	0	0	0	0	0	2	3
CWIP ⓘ	0	0	0	0	0	0	0	0
Investments ⓘ	0	0	0	0	0	348	348	348
Inventories	0	0	0	10	14	32	46	54
Trade Receivables	9	17	9	21	30	21	31	32
Cash Equivalents	0	0	0	1	1	1	2	2
Others Assets ⓘ	0	0	4	7	11	8	15	14
Total Assets ⓘ	9	17	13	39	57	411	447	453

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	-7	-9	6	-4	-0	4	2	1
PBT ⓘ	0	0	0	1	5	13	14	15
Adjustment ⓘ	0	0	0	0	1	1	2	3
Changes in Working Capital ⓘ	-7	-9	6	-5	-4	-7	-10	-12
Tax Paid ⓘ	0	0	0	1	-1	-4	-4	-5
Cash Flow From Investing Activity ⓘ +	-0	-0	-0	-0	-1	-0	-5	-1
Capex	-0	-0	-0	-0	-1	-0	-5	-1
Net Investments	0	0	0	0	0	0	0	0
Others ⓘ	0	0	0	0	0	0	-0	0
Cash Flow From Financing Activity ⓘ +	7	9	-6	5	1	-3	3	-1
Net Proceeds from Shares ⓘ	7	3	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	-2	3	1
Interest Paid ⓘ	0	-0	-0	-0	-1	-1	-1	-1
Dividend Paid ⓘ	0	0	0	0	0	0	0	0
Others ⓘ	0	6	-6	5	2	0	1	-1
Net Cash Flow ⓘ	0	-0	0	1	0	0	0	0

Finance Ratio

PARTICULARS	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	1.03	0.35	0.97	13.79	24.99	4.66	2.58	2.77
ROCE (%)	1.4	1.98	3.45	17.13	27.32	6.83	3.93	4.14
Asset Turnover Ratio	1.95	3.18	0.77	2.22	1.76	0.53	0.32	0.31
PAT to CFO Conversion(x)	N/A	N/A	N/A	-2	-0	0.44	0.2	0.09
Working Capital Days
Receivable Days	178	112	415	96	112	75	70	81
Inventory Days	1	0	6	32	52	67	104	129
Payable Days	45	14	57	81	135	107	117	123

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Hardwyn India Ltd FAQs

The current trading price of Hardwyn India on 17-Apr-2026 16:59 is ₹22.42.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 16-Apr-2026 the market cap of Hardwyn India stood at ₹1,073.6 Cr

The latest P/E ratio of Hardwyn India as of 16-Apr-2026 is 97.33.

The latest P/B ratio of Hardwyn India as of 16-Apr-2026 is 2.67.

The 52-week high of Hardwyn India is ₹22.00 and the 52-week low is ₹10.90.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Hardwyn India is ₹150 ( Cr.) .

About Hardwyn India Ltd

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Hardwyn India Ltd (HARDWYN) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Hardwyn India Share Price