Hindware Home Innovation
HINDWAREAP NSE
Hindware Home Innovation
Consumer GoodsNSE: HINDWAREAP BSE: 542905 Sanitary Ware
Key Fundamentals
MicrocapSanitary WareConsumer GoodsMarket Cap
₹1,500 Cr
Volatility
Moderate
P/E Ratio
-262.6
EBITDA
₹233 Cr
Return on Equity
-0.5%
Debt to Equity
1.16
Book Value
₹88.1
EPS
₹5.13
52W High
₹392.7
52W Low
₹170.5
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Weaknesses
4- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 7.18% over past five years.
- Company has a low return on equity of -0.87% over last 3 years.
- Dividend payout has been low at 3.74% of profits over last 3 years
Growth Rate
Revenue Growth
-0.71% higher than
3Y
Net Income Growth
-92.73% lower than
3Y
Cash Flow Change
34.28% higher than
3Y
ROE
-92.27% lower than
3Y
ROCE
126% higher than
3Y
EBITDA Margin (Avg.)
27.65% higher than
3Y
Quarterly Results
| Particulars | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 623 | 693 | 693 | 772 | 600 | 630 | 594 | 699 | 531 | 676 | 640 | 663 | 625 |
| Expenses | 560 | 619 | 642 | 698 | 557 | 600 | 565 | 658 | 482 | 620 | 592 | 618 | 575 |
| Operating Profit | 62.54 | 74.41 | 50.63 | 74.85 | 43.01 | 29.71 | 29.41 | 40.89 | 48.75 | 56.41 | 48.17 | 44.24 | 50.12 |
| OPM % | 10.04% | 10.73% | 7.31% | 9.69% | 7.17% | 4.72% | 4.95% | 5.85% | 9.18% | 8.34% | 7.53% | 6.68% | 8.02% |
| Other Income | 5.56 | 5.34 | 10.67 | -5.48 | 11.84 | 8.78 | 7.29 | -16.22 | -40.36 | 4.41 | 3.26 | 15.12 | 4.58 |
| Interest | 21.84 | 23.76 | 23.53 | 24.29 | 23.93 | 23.55 | 22.56 | 19.1 | 17.93 | 17.14 | 16.71 | 18.62 | 17.4 |
| Depreciation | 28.26 | 29.47 | 31.34 | 30.69 | 30.73 | 30.89 | 30.55 | 30.36 | 30.24 | 29 | 28.84 | 29.41 | 29.94 |
| PBT | 18 | 26.52 | 6.43 | 14.39 | 0.19 | -15.95 | -16.41 | -24.79 | -39.78 | 14.68 | 5.88 | 11.33 | 7.36 |
| Tax % | 84.06% | 21.34% | 4.82% | 52.12% | 110.53% | -24.39% | -22.79% | 2.34% | -37.33% | 43.73% | 19.73% | 27.1% | 28.94% |
| Net Profit | 0.67 | 19.7 | 4.53 | 2.73 | -3.91 | -15.55 | -17.73 | -30.82 | -29.07 | 5.04 | 3.6 | -18.82 | 4.37 |
| EPS in Rs | 0.03 | 2.29 | 0.54 | 0.26 | -0.48 | -1.86 | -2.12 | -3.7 | -3.48 | 0.59 | 0.42 | -2.28 | 0.52 |
Profit & Loss
| Particulars | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,671 | 1,613 | 1,775 | 2,294 | 2,872 | 2,800 | 2,523 | 2,510 | 2,604 |
| Expenses | 1,546 | 1,525 | 1,632 | 2,118 | 2,627 | 2,562 | 2,380 | 2,311 | 2,405 |
| Operating Profit | 124 | 88 | 143 | 176 | 246 | 238 | 143 | 199 | 199 |
| OPM % | 7% | 5% | 8% | 8% | 9% | 8% | 6% | 8% | 8% |
| Other Income | 9 | 24 | 18 | 129 | 36 | 37 | 12 | -19 | 27 |
| Interest | 29 | 33 | 29 | 20 | 77 | 95 | 89 | 70 | 70 |
| Depreciation | 20 | 46 | 39 | 39 | 101 | 123 | 123 | 117 | 117 |
| PBT | 85 | 33 | 92 | 245 | 103 | 57 | -57 | -8 | 39 |
| Tax % | 36% | 30% | 41% | 17% | 35% | 35% | -12% | -53% | — |
| Net Profit | 55 | 23 | 55 | 202 | 58 | 28 | -68 | -39 | -6 |
| EPS in Rs | — | 2.76 | 6.56 | 24.12 | 6.83 | 3.08 | -8.16 | -4.74 | -0.75 |
| Div. Payout % | 0% | 5% | 4% | 2% | 6% | 11% | 0% | 0% | — |
Balance Sheet
| Particulars | 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 |
| Reserves | 242 | 260 | 315 | 512 | 561 | 583 | 760 | 720 |
| Borrowings | 303 | 328 | 242 | 374 | 958 | 1,046 | 889 | 856 |
| Other Liabilities | 431 | 407 | 466 | 1,245 | 769 | 776 | 862 | 859 |
| Total Liabilities | 976 | 1,010 | 1,039 | 2,146 | 2,303 | 2,420 | 2,528 | 2,452 |
| Fixed Assets | 108 | 190 | 157 | 743 | 912 | 918 | 875 | 999 |
| CWIP | 4 | 5 | 11 | 58 | 36 | 55 | 209 | 94 |
| Investments | 0 | 0 | 26 | 114 | 88 | 104 | 73 | 39 |
| Other Assets | 863 | 815 | 845 | 1,230 | 1,267 | 1,344 | 1,370 | 1,321 |
| Total Assets | 976 | 1,010 | 1,039 | 2,146 | 2,303 | 2,420 | 2,528 | 2,452 |
Cash Flow
| Particulars | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Operating | 79 | 40 | 234 | 226 | 221 | 241 | 192 | 258 |
| Investing | 65 | -31 | -52 | -124 | -705 | -219 | -215 | -129 |
| Financing | -123 | -28 | -178 | -83 | 467 | -2 | 18 | -120 |
| Net Cash Flow | 22 | -19 | 5 | 19 | -17 | 20 | -4 | 8 |
| Free Cash Flow | 41 | 9 | 207 | 187 | 26 | 59 | -6 | 133 |
| CFO/OP | 64 | 108 | 179 | 163 | 105 | 118 | 137 | 138 |
Ratios
| Particulars | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 78 | 81 | 84 | 49 | 48 | 59 | 73 | 61 |
| Inventory Days | 94 | 105 | 86 | 158 | 283 | 238 | 311 | 341 |
| Days Payable | 57 | 38 | 44 | 59 | 123 | 126 | 210 | 242 |
| Cash Conversion Cycle | 115 | 149 | 126 | 147 | 208 | 171 | 174 | 160 |
| Working Capital Days | 36 | 40 | 43 | -33 | 10 | -4 | 11 | -11 |
| ROCE % | — | 12% | 21% | 22% | 15% | 10% | 4% | 7% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Hindware Home Innovation insights
62 extracted metrics + investor summaries across FY18–FY26.
Documents
1
Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011
7 May - Al Mehwar Commercial increased Hindware stake to 5.42% via open market purchases from April 10-23, 2026. 7 May - Al Mehwar Commercial increased Hindware stake to 5.42% via open market purchases from April 10-23, 2026.
2
Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot
28 Apr - Postal ballot approved appointment of Ram Babu Kabra as Non-Executive Non-Independent Director on 25 April 2026. 28 Apr - Postal ballot approved appointment of Ram Babu Kabra as Non-Executive Non-Independent Director on 25 April 2026.
3
Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
28 Apr - Shareholders approved Ram Babu Kabra’s appointment as Non-Executive Non-Independent Director via postal ballot on 25 April 2026. 28 Apr - Shareholders approved Ram Babu Kabra’s appointment as Non-Executive Non-Independent Director via postal ballot on 25 April 2026.
4
Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot
28 Apr - Postal ballot approved appointment of Ram Babu Kabra as Non-Executive Non-Independent Director on 25 April 2026. 28 Apr - Postal ballot approved appointment of Ram Babu Kabra as Non-Executive Non-Independent Director on 25 April 2026.
5
Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
28 Apr - Shareholders approved Ram Babu Kabra’s appointment as Non-Executive Non-Independent Director via postal ballot on 25 April 2026. 28 Apr - Shareholders approved Ram Babu Kabra’s appointment as Non-Executive Non-Independent Director via postal ballot on 25 April 2026.
Frequently Asked Questions about Hindware Home Innovation
What does Hindware Home Innovation Ltd do?
Hindware Home Innovation Limited is a leader in Building Products and a prominent player in Consumer Appliances and Building Products.
Building Products business offers a wide range of products under the Bathware, Premium Tiles and Plastic Pipes and Fittings segments.
Under the Consumer Applian...
Where is Hindware Home Innovation Ltd (HINDWAREAP) listed?
Hindware Home Innovation Ltd trades as HINDWAREAP on the NSE and under code 542905 on the BSE.
Which sector does Hindware Home Innovation Ltd belong to?
Hindware Home Innovation Ltd is classified under the Consumer Goods sector, in the Sanitary Ware industry.
What is the market capitalisation of Hindware Home Innovation Ltd?
Hindware Home Innovation Ltd has a market capitalisation of ₹1,500 Cr, which places it in the Small Cap band.
What is the PE ratio of Hindware Home Innovation Ltd?
Hindware Home Innovation Ltd trades at a PE ratio of -262.60, on earnings per share of ₹5.13, against a book value of ₹88.1 per share.
What is the 52-week high and low of Hindware Home Innovation Ltd?
Over the last 52 weeks Hindware Home Innovation Ltd has traded between ₹170.5 and ₹392.7.
Does Hindware Home Innovation Ltd pay dividends?
Hindware Home Innovation Ltd has a dividend yield of 0.22%.
What is the Return on Equity (ROE) of Hindware Home Innovation Ltd?
Hindware Home Innovation Ltd reported a return on equity of -0.50%. Its debt-to-equity ratio is 1.16.
Company Information
Hindware Home Innovation Limited is a leader in Building Products and a prominent player in Consumer Appliances and Building Products. Building Products business offers a wide range of products under the Bathware, Premium Tiles and Plastic Pipes and Fittings segments. Under the Consumer Appliances business, it offers products to enhance modern living, including kitchen and home appliances under brand ‘Hindware Smart Appliances’. Hintastica Private Limited (HPL), company's Joint Venture with Groupe Atlantic, manufactures state-of-the-art water heaters.[1]
Website shilgroup.com
CEO Mr. Nirupam Sahay MMS
Employees 284
Listed 2019-12-26
Face Value ₹ 2
Issued Size 8,36,46,357
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