Hardwyn India Limited

NSE: HARDWYN · Furniture, Home Furnishing · sector

₹9.11NSE close 2026-10-26

Key numbers

Market cap₹606 cr

Price₹9.11

52w high / low₹20 / ₹8

P/E49.0xSector median 33.9x

P/B1.5xSector median 1.6x

Book value₹6.1

Dividend yield–Sector median 0.07%

ROE3.1%Sector median 6.5%

ROCE4.5%Sector median 7.8%

OPM10.4%Sector median 10.7%

Debt / equity0.01xSector median 0.07x

EV/EBITDA30.4xSector median 15.9x

Interest cover15.0x

Current ratio2.13x

Sales growth 3y+6.7%Sector median +10.0%

Profit growth 3y+12.7%Sector median +6.5%

PEG–

Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 8 companies in Furniture, Home Furnishing (P/E median leaves out loss-making companies). Tap ? for what a number means.

Things to know

Cash ₹2 cr vs borrowings ₹5 cr (FY26): borrowings are higher by ₹3 cr.
Operating profit covered interest 15.0x in the last 12 months.
Operating cash flow was below net profit in 5 of the last 5 years (FY26, FY25, FY24, FY23, FY22).
Revenue was higher than a year earlier in 2 of the last 4 quarters.
Other income was 4% of net profit in the last 12 months.
No dividend in the last 5 financial years.
Price ₹9.11 on 2026-10-26: -54.9% from the 52-week high, +19.7% from the 52-week low.

Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.

Charts

Weekly close · high ₹45.50 · low ₹8.93

Quarterly results

₹ cr	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	52	46	46	43	51	49	57	35
EBITDA	6	6	3	6	7	3	6	4
OPM %	12.0%	13.8%	6.5%	13.3%	13.4%	6.2%	10.0%	13.0%
Other income	0	0	0	0	0	0	0	0
Net profit	4	4	2	4	4	2	3	3
EPS (₹)	0.06	0.06	0.03	0.05	0.06	0.03	0.05	0.04
Revenue YoY					-1.9%	+5.8%	+25.2%	-19.4%
Profit YoY					+7.7%	-55.1%	+86.0%	-22.9%

Consolidated figures where filed. Latest quarter Jun 2026.

Profit & loss (yearly)

₹ cr	FY22	FY23	FY24	FY25	FY26	TTM
Revenue	85	165	153	185	200	192
EBITDA	5	14	16	18	21	20
Net profit	3	9	10	11	13	12
EPS (₹)	1.70	2.99	0.15	0.16	0.19	0.19
Revenue growth		+94.7%	-7.2%	+20.8%	+8.3%	+2.6%
Profit growth		+171.6%	+10.6%	+9.7%	+17.8%	-8.3%
Dividend / share (₹)	–	–	–	–	–

Compounded growth	3 years	5 years	Last 12 months
Sales	+6.7%	–	+2.6%
Net profit	+12.7%	–	-8.3%
EPS	-59.9%	–	–
Share price	–	-31.6% (2y)	+2.0%

Balance sheet

₹ cr	FY22	FY23	FY24	FY25	FY26
Shareholders' equity	–	373	382	393	406
Borrowings	–	5	9	9	5
Cash & equivalents	–	1	2	2	2
Total assets	–	418	445	465	466
Fixed assets	–	1	4	3	4
Capital work in progress	–	0	0	–	–
Investments	–	0	0	0	0
Receivables	–	25	31	43	46
Inventory	–	35	49	59	52
Payables	–	31	39	42	38

Year-end figures from the March annual filing.

Cash flow

₹ cr	FY22	FY23	FY24	FY25	FY26
Cash from operations	-0	-1	2	2	7
Cash from investing	-1	-0	-6	-1	-3
Cash from financing	1	1	4	-0	-5
Capex	1	0	0	1	3
Free cash flow	-1	-1	2	1	5

Free cash flow = cash from operations − capex.

Ratios by year

₹ cr	FY22	FY23	FY24	FY25	FY26
ROE %	–	2.5%	2.7%	2.9%	3.3%
ROCE %	–	3.7%	4.0%	4.2%	4.8%
Debtor days	–	56	75	85	84
Inventory days	–	89	139	136	112
Payable days	–	79	110	97	81
Cash conversion cycle (days)	–	66	104	124	115
Working capital days	–	57	88	96	111

Shareholding

Holder	% (2026-09-30)
Promoters	43.77%
FIIs	0.12%
Government	0.46%
Public (non-institutions)	55.65%

Quarter	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Jul 2026	Sep 2026
Promoters %	43.77%	43.77%	43.77%	43.77%	43.77%	43.77%	43.77%	43.77%

Promoter group	%
Rubaljeet Singh Sayal	23.70%
Swaran Jeet Singh Sayal	20.06%

Public holders above 1%	%
Ginni Chadha	19.15%
Zimpy Kohli	3.57%
Narender Singh Chadha	3.57%
Jasbir Singh Alang	2.63%
Varinder Singh Sachdeva	2.50%
Atul Jain	1.66%
Harkanwar Singh Sethi	1.03%

51,367 shareholders. Pledged: – of promoter shares.

Peers in Furniture, Home Furnishing

Company	Market cap	P/E	P/B	ROE	ROCE	OPM	Sales 3y	Div yield
SFL	₹6,271 cr	29.2x	1.9x	6.8%	8.1%	10.9%	+10.0%	0.00%
WAKEFIT	₹4,419 cr	22.1x	3.9x	16.7%	10.5%	12.0%	–	–
RESPONIND	₹3,901 cr	38.5x	2.5x	7.0%	7.5%	15.4%	+12.7%	0.07%
STANLEY	₹730 cr	157.8x	1.6x	1.0%	7.6%	16.1%	–	–
HARDWYN	₹606 cr	49.0x	1.5x	3.1%	4.5%	10.4%	+6.7%	–
TIRUFOAM	₹30 cr	13.9x	0.9x	6.5%	9.5%	7.5%	-2.2%	1.46%
GOLCA	₹7 cr	21.6x	–	–	-7.7%	-26.2%	+12.5%	–
MAGENTA	₹5 cr	46.2x	0.9x	1.7%	9.0%	1.9%	–	–

All 8 companies in Furniture, Home Furnishing →

Business segments (FY26)

Segment	Revenue	Share	EBIT	Margin
Architectural hardware and Kitchen fittings	₹178 cr	88.9%	₹19 cr	10.9%
Aluminium and Allied Products	₹22 cr	11.1%	₹0 cr	2.4%

Dividends & corporate actions

Ex-date	Action	Detail
2026-07-28	Bonus	Bonus 2:5
2024-12-27	Bonus	Bonus 2:5
2024-12-11	Other	Annual General Meeting
2023-09-22	Other	Annual General Meeting
2023-06-05	Split	Face Value Split (Sub-Division) - From Rs 10/- Per Share To Re 1/- Per Share
2023-06-05	Bonus	Bonus 1:3
2022-09-22	Other	Annual General Meeting
2022-07-25	Bonus	Bonus 1:2

Documents

Links go to the original files on the exchange website.

About the company


Sector	Consumer Discretionary
Industry	Furniture, Home Furnishing
Sub-industry	Furniture, Home Furnishing
Symbol	HARDWYN
BSE code	541276
ISIN	INE626Z01029
Face value	₹1.0
Incorporated	–
Website	–
Plants (India / abroad)	–

Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.