SEBI Reg. Investment Advisor

Download App
Help Center Pricing
Money Works 4 Me Logo MoneyWorks4Me
Talk to Advisor
Login Get Free Account
Sign Up

MoneyWorks4Me

Log In Sign Up Schedule Free 15‑min Call
Login Get Free Account
Sign Up

Hardwyn India Ltd (HARDWYN)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 541276 NSE: HARDWYN Trading | Small Cap | Hardwyn India Share Price

₹24.40 -0.38 (-1.53%)

As on 10-Jun'26 13:55

Hardwyn India Ltd (HARDWYN)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 541276 NSE: HARDWYN Trading | Small Cap | Hardwyn India Share Price

₹24.40 -0.38 (-1.53%)

As on 10-Jun'26 13:55

Key Metrics
Valuation Multiples
Market Cap
₹1,210 Cr.
Current Price
₹24.4
52-Week Low / High
₹11 / 28
TTM EPS
₹0.3
TTM Sales
₹160 Cr.
Book Value per Share
₹8.3
P/E Ratio
95.20
In line with its 5-year historical median
Industry PE
36.2
Price to Book (P/B)
2.98
Lower than its 5-year historical median
Price to Sales (P/S)
7.56
Higher than its 5-year historical median
EV/EBITDA
58.25
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
2.77%
Outperforms industry median
Return on Capital Employed (ROCE)
4.14%
Outperforms industry median
Return on Assets (ROA)
2.39%
Operating Profit Margin
12.2%
Net Profit Margin
7.59%
Gross Profit Margin
11.9%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
4.47%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
10.06%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
10.26%
Asset Quality
Promoter Holding
43.77%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹357 Cr.
Equity
₹48.8 Cr.
Face Value
₹1
All Time Low / High
₹0.20 / 40.71

Hardwyn India stock performance

Key Ratios
mw4me loader

Check Before You Invest

Check Before You Invest

Quality

Not Good
Check detailed performance

Valuation

Fair

Check Valuation charts

Price Trend

Semi Strong
Check Price chart
Q.1 Is Hardwyn India Ltd a good quality company?
Hardwyn India Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

View More

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

View More
How does Hardwyn India Ltd performance compare with that of its Peers?
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 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 Stock return of Hardwyn India Ltd over the last decade?
Over the last 5 year(s), the stock has delivered a CAGR of 63.31% based on the current price.
View More

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Hardwyn India Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation ⓘ

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % ⓘ0%0%1.4%2%3.5%17.1%27.3%6.8%3.9%4.1%-
Value Creation
Index ⓘ		NANA-0.9-0.9-0.80.21.0-0.5-0.7-0.7-

Growth Parameters ⓘ
Sales ⓘ0018.242.211.557.784.6125136142160
Sales YoY Gr.-NANA132.2%-72.7%400.8%46.5%47.9%8.3%4.5%-
Adj EPS ⓘ000000.10.10.20.20.20.3
YoY Gr.-NANANANANA120%63.6%5.6%10.5%-
BVPS (₹) ⓘ000.40.40.40.40.57.67.88.18.3
Adj Net
Profit ⓘ		000.100.11.33.38.69.510.413
Cash Flow from Ops. ⓘ00-6.8-9.16.3-3.6-0.23.62.21.4-
Debt/CF from Ops. ⓘ000-0.70-1.4-37.31.33.76.5-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘNA65.1%18.7%4.5%
Adj EPS ⓘNANA24.1%10.5%
BVPSⓘNA86.2%146.1%2.8%
Share Price - 60.2% -11.9% 69.9%

Key Financial Parameters ⓘ

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity % ⓘ		0010.4111.923.84.42.52.73.2
Op. Profit
Mgn % ⓘ		000.50.64.13.66.110.611.612.212.7
Net Profit
Mgn % ⓘ		000.40.10.92.33.86.977.37.9
Debt to
Equity ⓘ		0000.600.40.40000
Working Cap
Days ⓘ		000114474160201168204246107
Cash Conv.
Cycle ⓘ		000983626245567810351

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales1842125885125136142
Operating Expenses ⓘ + 1842115679112120124
Manufacturing Costs00002223
Material Costs1841115372102110114
Employee Cost 00012333
Other Costs ⓘ 01023555
Operating Profit ⓘ 00025131617
Operating Profit Margin (%) 0.5%0.6%4.1%3.6%6.1%10.5%11.6%12.2%
Other Income ⓘ + 00000101
Exceptional Items ⓘ 00000000
Interest ⓘ 00001111
Depreciation ⓘ 00000012
Profit Before Tax ⓘ 00025131415
Tax ⓘ 00011444
Profit After Tax 0002391011
PAT Margin (%) 0.4%0.1%0.9%2.7%4.0%7.2%7.2%7.6%
Adjusted EPS (₹)0.00.00.00.10.10.20.20.2
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%

Valuation of Hardwyn India - Standalone

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 710101215373382393
Share Capital ⓘ 710101010263549
Reserves ⓘ 00025346347344
Debt +06057589
Long Term Debt00000000
Short Term Debt06057589
Minority Interest00000000
Trade Payables2122132274334
Others Liabilities ⓘ 0001361318
Total Liabilities ⓘ 917133957411447453

Fixed Assets

Net Fixed Assets ⓘ +00001154
Gross Block00001167
Accumulated Depreciation00000023
CWIP ⓘ 00000000
Investments ⓘ 00000348348348
Inventories0001014324654
Trade Receivables91792130213132
Cash Equivalents 00011122
Others Assets ⓘ 00471181514
Total Assets ⓘ 917133957411447453

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity ⓘ + -7-96-4-0421
PBT ⓘ 00015131415
Adjustment ⓘ 00001123
Changes in Working Capital ⓘ -7-96-5-4-7-10-12
Tax Paid ⓘ 0001-1-4-4-5
Cash Flow From Investing Activity ⓘ + -0-0-0-0-1-0-5-1
Capex -0-0-0-0-1-0-5-1
Net Investments 00000000
Others ⓘ 000000-00
Cash Flow From Financing Activity ⓘ + 79-651-33-1
Net Proceeds from Shares ⓘ 73000000
Net Proceeds from Borrowing ⓘ 00000-231
Interest Paid ⓘ 0-0-0-0-1-1-1-1
Dividend Paid ⓘ 00000000
Others ⓘ 06-65201-1
Net Cash Flow ⓘ 0-0010000

Financial Ratio

PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)1.030.350.9713.7924.994.662.582.77
ROCE (%)1.41.983.4517.1327.326.833.934.14
Asset Turnover Ratio1.953.180.772.221.760.530.320.31
PAT to CFO Conversion(x)N/AN/AN/A-2-00.440.20.09
Working Capital Days
Receivable Days178112.10415.2096.20111.5075.1070.2080.70
Inventory Days1.3005.7032.1051.9066.60104.30128.50
Payable Days451457.4081.50135.10106.80116.80123

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Hardwyn India Ltd FAQs

The current trading price of Hardwyn India on 10-Jun-2026 13:55 is ₹24.40.

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 09-Jun-2026 the market cap of Hardwyn India stood at ₹1,210.3 Cr

The latest P/E ratio of Hardwyn India as of 09-Jun-2026 is 95.20.

The latest P/B ratio of Hardwyn India as of 09-Jun-2026 is 2.98.

The 52-week high of Hardwyn India is ₹27.99 and the 52-week low is ₹10.90.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Hardwyn India is ₹160 ( Cr.) .

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

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

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

About Hardwyn India Ltd

No data to display
You have 1 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now
2026 ©The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me® is a registered trademark of The Alchemists Ark Pvt. Ltd.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×