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Hindware Home Innovation Ltd (HINDWAREAP)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 542905 NSE: HINDWAREAP Trading | Small Cap | Hindware Home Innov. Share Price

₹218.50 -0.70 (-0.32%)

As on 10-Jun'26 16:59

Hindware Home Innovation Ltd (HINDWAREAP)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 542905 NSE: HINDWAREAP Trading | Small Cap | Hindware Home Innov. Share Price

₹218.50 -0.70 (-0.32%)

As on 10-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹1,834 Cr.
Current Price
₹218.5
52-Week Low / High
₹171 / 392
TTM EPS
₹-8.5
TTM Sales
₹317 Cr.
Book Value per Share
₹26.7
P/E Ratio
0.00
Industry PE
36.2
Price to Book (P/B)
8.21
Lower than its 5-year historical median
Price to Sales (P/S)
5.78
In line with its 5-year historical median
EV/EBITDA
119.78
Higher than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
-21.10%
Underperforms industry median
Return on Capital Employed (ROCE)
-15.25%
Underperforms industry median
Return on Assets (ROA)
-9.22%
Operating Profit Margin
-11.5%
Net Profit Margin
-11.42%
Gross Profit Margin
-7.6%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-16.45%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
52.74%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹207 Cr.
Equity
₹16.7 Cr.
Face Value
₹2
All Time Low / High
₹50.80 / 633.59

Hindware Home Innovation stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Hindware Home Innovation Ltd a good quality company?
Hindware Home Innovation Ltd is a average quality company, based on a somewhat consistent 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.

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.

How does Hindware Home Innovation Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Hindware Home Innovation Ltd vs industry peers?
Hindware Home Innovation Ltd revenue CAGR is -4.84%, compared to the industry median CAGR of 0%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Hindware Home Innovation Ltd?
Promoters hold 52.74% of the Hindware Home Innovation Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Hindware Home Innovation Ltd over the last decade?
Over the last 5 year(s), the stock has delivered a CAGR of -5.31% based on the current price.

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)

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.
Hindware Home Innovation Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % -10.1%7.3%22.3%13.3%15%-3%-15.3%-
Value Creation
Index
-1.7-0.50.6-0.10.1-1.2-2.1-

Growth Parameters

Sales 397451503491557422352317
Sales YoY Gr.-13.8%11.5%-2.4%13.4%-24.3%-16.5%-
Adj EPS 01.2-0.71.71.4-2.2-4.3-8.5
YoY Gr.-NA-160.5%NA-15.4%-255.9%NA-
BVPS (₹) 01214.415.316.711.535.226.7
Adj Net
Profit
-18.99-5.412.810.8-16.9-36.2-71
Cash Flow from Ops. -38.5-16.653.7-58.461.115.811.4-
Debt/CF from Ops. -3.1-8.32.2-2.71.99.10.7-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NA-4.8%-10.5%-16.5%
Adj EPS NA-229.5%-236.8%NA
BVPSNA24%31.9%206%
Share Price - -8.2% -23% -23.8%

Key Financial Parameters

Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
-2310.4-5.411.48.9-15.8-19-27.3
Op. Profit
Mgn %
-3.925.52.62.4-6.6-11.5-3.7
Net Profit
Mgn %
-4.82-1.12.61.9-4-10.3-22.3
Debt to
Equity
1.81.51.11.40.91.700
Working Cap
Days
019221023819621224394
Cash Conv.
Cycle
01331041151001121044

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales397451503491557422352
Operating Expenses + 412443476479544452393
Manufacturing Costs3423433
Material Costs253285328316353262230
Employee Cost 45505054656757
Other Costs 11110495105121119102
Operating Profit -158271313-30-41
Operating Profit Margin (%) -3.9%1.9%5.4%2.6%2.4%-7.2%-11.5%
Other Income + 129435444023
Exceptional Items 0035000-6
Interest 8131516201815
Depreciation 6221514181717
Profit Before Tax -293361719-25-56
Tax -10-61758-7-16
Profit After Tax -199191311-18-40
PAT Margin (%) -4.7%2.0%3.7%2.6%1.9%-4.3%-11.4%
Adjusted EPS (₹)0.01.22.51.71.4-2.4-4.8
Dividend Payout Ratio (%)0%12.40%11.60%28.50%34.10%-16%0%

Valuation of Hindware Home Innov. - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

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

Equity and Liabilities

Shareholders Fund + 689110911612787294
Share Capital 0141414141417
Reserves 68779510211273277
Debt +1191371181581121428
Long Term Debt1514232833510
Short Term Debt1041229513079918
Minority Interest0000000
Trade Payables356510081786957
Others Liabilities 37729412913611995
Total Liabilities 258364421484453418455

Fixed Assets

Net Fixed Assets +25794986917863
Gross Block6311886133155155132
Accumulated Depreciation38393747647869
CWIP 4316512
Investments 22229396274
Inventories10813411414312111391
Trade Receivables8811715814013910491
Cash Equivalents 90231115
Others Assets 232995765749129
Total Assets 258364421484453418455

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -38-1754-58611611
PBT -293361719-54-55
Adjustment 149-7693130
Changes in Working Capital -24-2825-69354235
Tax Paid 0-0-0-13-2-42
Cash Flow From Investing Activity + -614-13456-8-113
Capex -7-11-8-37-15-5-5
Net Investments 0000-9-25-17
Others 125-6833022-91
Cash Flow From Financing Activity + 6-6-3914-68196
Net Proceeds from Shares 000000250
Net Proceeds from Borrowing 00006187
Interest Paid -8-14-15-16-15-17-16
Dividend Paid 00-1-60-4-3
Others 138-2335-594-141
Net Cash Flow -39-821-210-5

Financial Ratio

PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)-27.6911.0518.6411.288.74-16.98-21.1
ROCE (%)-10.137.322.3113.2814.97-3.01-15.25
Asset Turnover Ratio1.671.531.441.231.351.150.99
PAT to CFO Conversion(x)N/A-1.892.84-4.465.55N/AN/A
Working Capital Days
Receivable Days74.3078.6089.1097.9080.8088.3082.50
Inventory Days91.5092.9080.2084.2076.5085.4086.50
Payable Days50.1063.6091.70104.6082.30102.3099.90

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

Hindware Home Innovation Ltd FAQs

The current trading price of Hindware Home Innov. on 10-Jun-2026 16:59 is ₹218.5.

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 Hindware Home Innov. stood at ₹1,833.5 Cr

The latest P/E ratio of Hindware Home Innov. as of 09-Jun-2026 is 0.00.

The latest P/B ratio of Hindware Home Innov. as of 09-Jun-2026 is 8.21.

The 52-week high of Hindware Home Innov. is ₹392.1 and the 52-week low is ₹171.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Hindware Home Innov. is ₹317 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Hindware Home Innovation Ltd is a average quality company.

The key valuation ratios of Hindware Home Innovation Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

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

About Hindware Home Innovation Ltd

Somany Home Innovations Ltd. (SHIL) is a newly created Corporate Entity of HSIL Limited, vastly recognised by its Brand Hindware, a leading name in the Indian market. SHIL was incorporated as a public unlisted company under the Companies Act, 2013 on 28 September 2017 in Kolkata, West Bengal. Pursuant to the Composite Scheme of Arrangement approved by the National Company Law Tribunal, Kolkata Bench, the marketing and distribution of Consumer Products and Retail divisions of HSIL Limited (HSIL) were demerged from HSIL and vested into SHIL.

Further, the marketing and distribution of Building Products of HSIL is vested into Brilloca Limited, a wholly-owned subsidiary of SHIL. The Company’s equity shares were listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on 26 December 2019.

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’.

Business area of the company

The company’s Consumer Products portfolio consists of a selection of household appliances. The kitchen appliances, such as kitchen chimneys, cooker hoods, built-in hobs, cooktops, built-in ovens, sinks under the brand Hindware Kitchen Ensemble are leaders in numerous categories. Its brand Hindware Atlantic houses water heaters whereas its brand Moonbow by Hindware houses water purifiers and air purifiers. It sells air coolers and ceiling fans under brand Hindware Snowcrest.

Also, the company forayed into the furniture and kitchen fittings segment, through a strategic marketing tie-up with Italian company, Formenti & Giovenzana www.fgv.it. The collaboration is operational under brand FGV powered by Hindware and enables the company to distribute a wide range of quality and functional hardware products in India, for the modern furniture and modular kitchens, such as normal and soft close hinges, side and bottom mounted drawer channels and drawer systems.

Products
  • Hindware Kitchen Ensemble
  • Hindware Atlantic Water Heaters
  • Hindware Snowcrest Air Coolers
  • Moonbow by Hindware
  • Hindware Snowcrest Fans
  • FGV by hindware
Awards
  • 2019-20: The Extraordinaire Brand Hindware Appliances: Hindware Appliances participated in the Nexbrand’s 5th Annual Brand Vision Summit and Awards 2019-20. The Summit honoured the most influential people and brands from across industries who have proven their mettle and emerged as ‘The Extraordinaire’.
  • 2019: Product of the Year ‘Achelous Premium Water Purifier & Adonia Hob’: Hindware Kitchen Ensemble Adonia Built-in Hob and Moonbow by Hindware Achelous Premium Water Purifier won the Product of the Year 2019 award for best product innovation in the respective categories.
  • 2019: Fastest Growing Consumer Appliances Brand ‘Hindware Appliances’: The title of ‘Fastest Growing Consumer Appliances Brand 2018-19’ was bestowed to Hindware Appliances during the 12th edition of Asian Business & Social Forum 2019 held at Mumbai and organised by AsiaOne magazine and URS Media International.
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