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Hindware Home Innovation

HINDWAREAP NSE
₹167.78 +2.63 (+1.59%)
P/E
Not meaningful: loss-making over the last twelve months
View as Markdown
MCP
Close 4 Nov 2026 ₹167.78 −199.97 −54.4% 1Y
Start ₹367.75

Key Fundamentals

MicrocapConsumer DurablesConsumer Discretionary

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

ROCE
7.07%
Debt to Equity
1.16
EPS (TTM)
−₹0.75
Book Value
₹88.10
Market Cap
—
P/E (TTM)
Not meaningful: loss-making over the last twelve months
P/B
1.90
ROE
0.14%
Dividend Yield
0.24%
EBITDA
₹233 Cr
52W High
₹390.00
52W Low
₹155.48
Day Range
₹162.61 – ₹168.96
Volume
45,728

Peer Comparison

Consumer Discretionary › Consumer Goods › Sanitary Ware

Hindware Home Innovation peer comparison
₹4,777.3030.36₹6,079 Cr4.181.61%14.80%19.20%₹2,097 Cr₹203 Cr
₹167.78—₹1,381 Cr1.900.24%0.14%7.07%₹2,604 Cr−₹6 Cr
₹22.50—₹53 Cr0.920.00%3.35%6.05%——
Median 3 companies₹167.7830.36₹1,381 Cr1.900.24%3.35%7.07%₹2,351 Cr₹99 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

46 Average

Data confidence 93/100

Category scores

Quality
60
Good
Returns, margins, earnings quality 22% weight
Valuation
62
Good
Cheap vs sector & own history 24% weight
Growth
36
Poor
Sales & profit trajectory 9% weight
Financial Health
19
Poor
Solvency, leverage, coverage 9% weight
Momentum
14
Poor
Trend strength, vol-adjusted 12% weight
Ownership
41
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

No strengths listed

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

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBearish973
OscillatorsNeutral171
Moving AveragesStrong Bearish802

Key readings

RSI (14)
45.05
Neutral
MACD (12,26,9)
−2.90
Bullish
SMA (50)
175.40
Bearish
SMA (200)
211.40
Bearish

As of

Analyst Rating

Based on 1 analysts
BUY100%

1 of 1 analyst rates Buy, 0 Hold, 0 Sell.

As of

BUY
1
100%
HOLD
0
0%
SELL
0
0%

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+7.18%
3Y−4.39%
1Y−0.52%
TTM+6.12%

Net profit

Net profit growth by window
5YTurned to loss
3YTurned to loss
1YLoss narrowed by ₹29 Cr
TTMLoss narrowed by ₹87.36 Cr

Operating cash flow

Operating cash flow growth by window
5Y+1.97%
3Y+5.30%
1Y+34.38%
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−0.13 pp
3Y−0.64 pp
1Y+2.26 pp
TTM+1.58 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2019₹1,671 Cr
Mar 2020₹1,613 Cr
Mar 2021₹1,775 Cr
Mar 2022₹2,294 Cr
Mar 2023₹2,872 Cr
Mar 2024₹2,800 Cr
Mar 2025₹2,523 Cr
Mar 2026₹2,510 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2019₹55.00 Cr
Mar 2020₹23.00 Cr
Mar 2021₹55.00 Cr
Mar 2022₹202 Cr
Mar 2023₹58.00 Cr
Mar 2024₹28.00 Cr
Mar 2025−₹68.00 Cr
Mar 2026−₹39.00 Cr

Analyst Forecasts

Forecast For
FY27 consensus · EBITDA
₹276 Cr +18.8% vs FY26
Reported High Mean Low

Quarterly Results

₹ Cr
HINDWAREAP quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 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
12.36
9.8
8.08
−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
0.71
−14.93
−15.62
−24.79
−39.78
14.68
5.88
11.33
7.34
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 (₹)
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

₹ Cr
HINDWAREAP profit and loss, annual, ₹ crore
Particulars Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
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
−57.72
−8
39
Tax %
36%
30%
41%
17%
35%
35%
−12%
−53%
—
Net Profit
55
23
55
202
58
28
−68
−39
−6
EPS (₹)
—
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

₹ Cr
HINDWAREAP balance sheet, annual, ₹ crore
Particulars Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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

₹ Cr
HINDWAREAP cash flow, annual, ₹ crore
Particulars Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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

HINDWAREAP financial ratios, annual
Particulars Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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

Beta

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

Log in to view Hindware Home Innovation insights

67 extracted metrics across FY19–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 52.74%
  • Public 29.19%
  • Others 9.27%
  • FIIs 5.14%
  • DIIs 3.66%

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 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.
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 52-week high and low of Hindware Home Innovation Ltd?
Over the last 52 weeks Hindware Home Innovation Ltd has traded between ₹155.48 and ₹390 as of 4 Nov 2026.
Does Hindware Home Innovation Ltd pay dividends?
Hindware Home Innovation Ltd has a dividend yield of 0.24%.
What is the Return on Equity (ROE) of Hindware Home Innovation Ltd?
Hindware Home Innovation Ltd reported a return on equity of 0.14%. 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.

CEO Mr. Nirupam Sahay MMS
Employees 284
Listed 26 Dec 2019
Face Value ₹2

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