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Hardwyn India

HARDWYN NSE
₹8.88 −0.05 (−0.56%)
P/E
52.24
View as Markdown
MCP
Close 4 Nov 2026 ₹8.88 −1.63 −15.5% 1Y
Start ₹10.51

Key Fundamentals

MicrocapConsumer DurablesConsumer Discretionary

Price-based figures as of · EPS basis: Standalone · TTM

ROCE
4.70%
Debt to Equity
0.01
EPS (TTM)
₹0.17
Book Value
₹5.94
Market Cap
—
P/E (TTM)
52.24
P/B
1.49
ROE
3.18%
Dividend Yield
0.00%
EBITDA
₹21.20 Cr
52W High
₹20.20
52W Low
₹7.61
Day Range
₹8.81 – ₹9.01
Volume
3,12,601

Peer Comparison

Consumer Discretionary › Consumer Goods › Home Furnishing › Furniture, Home Furnishing

Hardwyn India peer comparison
₹507.9025.81₹5,504 Cr1.650.20%4.80%6.11%₹4,031 Cr₹217 Cr
₹137.4721.55₹4,497 Cr4.030.00%23.10%10.90%₹1,547 Cr₹193 Cr
₹139.7236.77₹3,792 Cr2.360.07%10.30%10.80%₹1,248 Cr₹101 Cr
₹229.50—₹1,053 Cr3.720.00%35.80%47.10%——
₹663.4585.06₹778 Cr9.820.03%9.29%10.70%₹386 Cr₹10 Cr
₹131.59160.48₹757 Cr1.610.00%1.80%5.55%₹410 Cr₹6 Cr
Hardwyn India (this company)
₹8.8852.24₹605 Cr1.490.00%3.18%4.70%₹158 Cr₹12 Cr
Median 7 companies₹139.7244.51₹1,053 Cr2.360.00%9.29%10.70%₹829 Cr₹57 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

43 Weak

Data confidence 98/100

Category scores

Quality
55
Average
Returns, margins, earnings quality 22% weight
Valuation
30
Poor
Cheap vs sector & own history 24% weight
Growth
46
Average
Sales & profit trajectory 9% weight
Financial Health
89
Strong
Solvency, leverage, coverage 9% weight
Momentum
6
Poor
Trend strength, vol-adjusted 12% weight
Ownership
38
Weak
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

2
  • Company has reduced debt.
  • Company is almost debt free.

Weaknesses

2
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 2.85% over last 3 years.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1351
OscillatorsBearish351
Moving AveragesStrong Bearish1000

Key readings

RSI (14)
41.03
Neutral
MACD (12,26,9)
−0.12
Bearish
SMA (50)
9.10
Bearish
SMA (200)
13.06
Bearish

As of

Growth Rate

From the financial statements below. 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
5Y+22.93%
3Y+8.87%
1Y+13.48%
TTM+10.92%

Net profit

Net profit growth by window
5Y+45.41%
3Y+13.04%
1Y+18.18%
TTM−8.65%

Operating cash flow

Operating cash flow growth by window
5YTurned positive
3Y+20.51%
1Y+600.00%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
5Y+8.99 pp
3Y+2.02 pp
1Y+0.44 pp
TTM−2.31 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2018₹18.00 Cr
Mar 2019₹42.00 Cr
Mar 2020₹12.00 Cr
Mar 2021₹57.00 Cr
Mar 2022₹84.00 Cr
Mar 2023₹124 Cr
Mar 2024₹135 Cr
Mar 2025₹141 Cr
Mar 2026₹160 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2018₹0.00 Cr
Mar 2019₹0.00 Cr
Mar 2020₹0.00 Cr
Mar 2021₹2.00 Cr
Mar 2022₹3.00 Cr
Mar 2023₹9.00 Cr
Mar 2024₹10.00 Cr
Mar 2025₹11.00 Cr
Mar 2026₹13.00 Cr

Quarterly Results

₹ Cr
HARDWYN quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
27.16
36.34
35.06
36.94
30.9
39.87
34.49
36.3
31.95
43.14
38.56
46.41
30.08
Expenses
25.72
34.27
28.7
31.13
28.66
33.93
28.21
33.48
26.5
36.7
35.75
40.82
25.85
Operating Profit
1.44
2.07
6.36
5.81
2.24
5.94
6.28
2.82
5.45
6.44
2.81
5.59
4.23
OPM %
5.3%
5.7%
18.14%
15.73%
7.25%
14.9%
18.21%
7.77%
17.06%
14.93%
7.29%
12.04%
14.06%
Other Income
0.2
0.08
0.07
0.15
0.03
0.09
0.26
0.36
0.05
0.03
0.14
0.32
0.03
Interest
0.16
0.19
0.51
0.29
0.16
0.15
0.58
0.28
0.17
0.19
0.23
0.49
0.21
Depreciation
0.06
0.06
0.13
0.87
0.4
0.41
0.41
0.42
0.38
0.41
0.42
0.47
0.45
PBT
1.42
1.9
5.79
4.8
1.7
5.48
5.55
2.49
4.95
5.86
2.3
4.95
3.6
Tax %
28.87%
28.95%
29.19%
31.46%
29.24%
29.25%
29.01%
30.24%
29.09%
29.13%
28.7%
30.91%
24.44%
Net Profit
1
1.35
4.11
3.3
1.2
3.87
3.94
1.74
3.51
4.15
1.64
3.42
2.72
EPS (₹)
0.01
0.02
0.06
0.05
0.02
0.06
0.06
0.03
0.05
0.06
0.02
0.05
0.04

Profit & Loss

₹ Cr
HARDWYN profit and loss, annual, ₹ crore
Particulars Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
18
42
12
57
84
124
135
142
160
158
Expenses
18
42
11
55
79
111
119
124
140
139
Operating Profit
0
0
0
2
5
13
16
17
20
19
OPM %
0.6%
0.6%
4.2%
3.6%
6%
11%
12%
12%
13%
12%
Other Income
0
0
0
0
0
1
0
1
1
1
Interest
0
0
0
0
1
1
1
1
1
1
Depreciation
0
0
0
0
0
0
1
2
2
2
PBT
0
0
0
2
5
13
14
15
18
17
Tax %
20%
25%
31%
27%
28%
29%
30%
29%
30%
—
Net Profit
0
0
0
2
3
9
10
11
13
12
EPS (₹)
0
0
0
0.04
0.09
0.13
0.14
0.16
0.19
0.17
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
—

Balance Sheet

₹ Cr
HARDWYN balance sheet, annual, ₹ crore
Particulars Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
7
10
10
10
10
26
35
49
49
Reserves
0
0
0
2
5
346
347
344
357
Borrowings
0
6
0
5
7
5
9
10
6
Other Liabilities
2
1
3
22
35
32
52
47
40
Total Liabilities
9
17
13
39
57
409
443
449
452
Fixed Assets
0
0
0
0
1
1
5
4
4
CWIP
0
0
0
0
0
0
0
0
0
Investments
0
0
0
0
0
348
348
348
348
Other Assets
9
17
13
39
56
60
90
97
100
Total Assets
9
17
13
39
57
409
443
449
452

Cash Flow

₹ Cr
HARDWYN cash flow, annual, ₹ crore
Particulars Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
−7
−9
6
−4
0
4
2
1
7
Investing
0
0
0
0
−1
0
−5
−1
−2
Financing
7
9
−6
5
1
−3
3
−1
−4
Net Cash Flow
0
0
0
1
0
0
0
0
0
Free Cash Flow
−7
−9
6
−4
−1
3
−3
1
5
CFO/OP
−6,830
−3,775
1,298
−146
22
56
41
35
61

Ratios

HARDWYN financial ratios, annual
Particulars Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
178
148
291
135
132
62
84
82
89
Inventory Days
1
0
6
69
71
113
152
173
126
Days Payable
45
—
83
146
163
97
143
108
88
Cash Conversion Cycle
134
148
214
58
40
78
93
147
127
Working Capital Days
139
88
326
69
58
64
76
101
116
ROCE %
—
2%
3%
17%
27%
7%
4%
4%
5%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Hardwyn India insights

54 extracted metrics across FY18–FY27.

Shareholding Pattern

As of Sep 2026

  • Public 48.01%
  • Promoters 43.77%
  • Others 7.64%
  • Government 0.46%
  • FIIs 0.12%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Hardwyn India

What does Hardwyn India Ltd do?
Incorporated in 2017, Hardwyn India Ltd is in the business of wholesale and retail trade of Architectural Hardware and Glass fittings, Kitchen Hardware, Accessories and Appliances
Where is Hardwyn India Ltd (HARDWYN) listed?
Hardwyn India Ltd trades as HARDWYN on the NSE and under code 541276 on the BSE.
Which sector does Hardwyn India Ltd belong to?
Hardwyn India Ltd is classified under the Consumer Goods sector, in the Home Furnishing industry.
What is the PE ratio of Hardwyn India Ltd?
Hardwyn India Ltd trades at a PE ratio of 52.24 as of 4 Nov 2026, on earnings per share of ₹0.17, against a book value of ₹5.94 per share.
What is the 52-week high and low of Hardwyn India Ltd?
Over the last 52 weeks Hardwyn India Ltd has traded between ₹7.61 and ₹20.2 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Hardwyn India Ltd?
Hardwyn India Ltd reported a return on equity of 3.18%. Its debt-to-equity ratio is 0.01.

Company Information

Incorporated in 2017, Hardwyn India Ltd is in the business of wholesale and retail trade of Architectural Hardware and Glass fittings, Kitchen Hardware, Accessories and Appliances

Website hardwyn.com
CEO Mr. Swaran Jeet Singh Sayal
Employees 29
Listed 12 Apr 2022
Face Value ₹1

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