Hindware HME Inovaton Ltd
NSE: HINDWAREAP · Consumer Durables · sector
₹161.44NSE close 2026-10-26
Key numbers
Market cap₹1,350 cr
Price₹161.44
52w high / low₹390 / ₹161
P/E–Sector median 35.3x
P/B1.8xSector median 2.0x
Book value₹88.1
Dividend yield–Sector median 3.37%
ROE-0.8%Sector median 4.5%
ROCE7.5%Sector median 8.0%
OPM7.5%Sector median 8.8%
Debt / equity0.96xSector median 0.07x
EV/EBITDA10.3xSector median 19.5x
Interest cover1.6x
Current ratio0.98x
Sales growth 3y-4.4%Sector median +4.5%
Profit growth 3y–Sector median -0.9%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 6 companies in Consumer Durables (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹39 cr vs borrowings ₹709 cr (FY26): borrowings are higher by ₹670 cr.
- Operating profit covered interest 1.6x in the last 12 months.
- Operating cash flow was below net profit in 0 of the last 5 years.
- Net loss in 5 of the last 8 quarters.
- Revenue was higher than a year earlier in 3 of the last 4 quarters.
- Dividend paid in 3 of the last 5 financial years.
- Price ₹161.44 on 2026-10-26: -58.6% from the 52-week high, 0.0% 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 ₹377.50 · low ₹161.44
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 630 | 594 | 699 | 531 | 676 | 640 | 663 | 625 |
| EBITDA | 30 | 29 | 11 | -1 | 57 | 48 | 41 | 51 |
| OPM % | 4.7% | 4.9% | 1.6% | -0.1% | 8.4% | 7.5% | 6.1% | 8.1% |
| Other income | 10 | 8 | 10 | 9 | 4 | 3 | 19 | 4 |
| Net profit | -16 | -18 | -31 | -29 | 5 | 4 | -19 | 4 |
| EPS (₹) | -2.16 | -2.28 | -3.70 | -3.48 | 0.59 | 0.42 | -2.27 | 0.52 |
| Revenue YoY | +7.4% | +7.7% | -5.2% | +17.7% | ||||
| Profit YoY | – | – | – | – |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 2,294 | 2,873 | 2,800 | 2,523 | 2,510 | 2,604 |
| EBITDA | 276 | 246 | 238 | 113 | 145 | 197 |
| Net profit | 202 | 57 | 26 | 68 | -40 | -6 |
| EPS (₹) | 27.90 | 7.96 | 3.56 | -8.78 | -4.74 | -0.74 |
| Revenue growth | +25.3% | -2.5% | -9.9% | -0.5% | +6.1% | |
| Profit growth | -71.7% | -54.9% | +165.0% | -158.1% | – | |
| Dividend / share (₹) | 0.80 | – | 0.50 | 0.40 | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -4.4% | +7.2% | +6.1% |
| Net profit | – | – | – |
| EPS | – | – | – |
| Share price | – | -29.3% (2y) | -55.1% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 576 | 598 | 777 | 737 |
| Borrowings | – | 712 | 837 | 720 | 709 |
| Cash & equivalents | – | 9 | 29 | 25 | 39 |
| Total assets | – | 2,303 | 2,420 | 2,528 | 2,452 |
| Fixed assets | – | 653 | 701 | 698 | 839 |
| Capital work in progress | – | 36 | 54 | 209 | 94 |
| Investments | – | 88 | 104 | 73 | 34 |
| Receivables | – | 378 | 453 | 508 | 420 |
| Inventory | – | 684 | 589 | 601 | 614 |
| Payables | – | 297 | 312 | 407 | 327 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 226 | 221 | 241 | 192 | 258 |
| Cash from investing | -124 | -705 | -219 | -215 | -129 |
| Cash from financing | -83 | 467 | -2 | 18 | -120 |
| Capex | 302 | 196 | 183 | 202 | 128 |
| Free cash flow | -76 | 25 | 57 | -10 | 130 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 9.9% | 4.3% | 8.8% | -5.4% |
| ROCE % | – | 14.0% | 10.6% | 2.1% | 4.3% |
| Debtor days | – | 48 | 59 | 73 | 61 |
| Inventory days | – | 152 | 141 | 155 | 163 |
| Payable days | – | 66 | 74 | 105 | 87 |
| Cash conversion cycle (days) | – | 134 | 126 | 123 | 137 |
| Working capital days | – | 11 | -1 | 17 | -4 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 52.74% |
| FIIs | 5.14% |
| DIIs | 3.66% |
| of which Mutual funds | 0.00% |
| of which Insurance | 0.13% |
| Public (non-institutions) | 38.46% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 52.54% | 52.74% | 52.74% | 52.74% | 52.74% | 52.74% | 52.74% | 52.74% |
| Promoter group | % |
|---|---|
| Somany Impresa Limited | 43.31% |
| Sandip Somany | 8.75% |
| Sumita Somany | 0.23% |
| Divya Somany | 0.21% |
| Sandip Somany HUF | 0.14% |
| Shashvat Somany | 0.11% |
| Nalini Somany | 0.00% |
| Sandhya Agarwal | 0.00% |
| Nandan Damani | 0.00% |
| Matterhorn Trust | 0.00% |
| EBRO Trading Private Limited | 0.00% |
| AGI Glasspack Limited | 0.00% |
| HSIL Associates Limited | 0.00% |
| Metallite Suppliers Private Limited | 0.00% |
| AGI Retail Private Limited | 0.00% |
| Public holders above 1% | % |
|---|---|
| AL Mehwar Commercial Investments L.L.C. - (Noosa) | 4.41% |
| Manav Gupta | 2.12% |
| Abakkus Growth Fund-2 | 1.46% |
| Ganesh Srinivasan | 1.42% |
| Abakkus Growth Fund-open Ended | 1.00% |
39,184 shareholders. Pledged: – of promoter shares.
Peers in Consumer Durables
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| CERA | ₹5,859 cr | 28.9x | 4.0x | 14.4% | 18.6% | 12.2% | +4.5% | 1.43% |
| LAOPALA | ₹1,570 cr | 16.9x | 1.9x | 11.3% | 15.2% | 36.7% | -11.9% | 5.31% |
| VOEPL | ₹1,562 cr | 98.2x | 3.8x | 3.6% | 8.4% | 10.1% | – | – |
| HINDWAREAP | ₹1,350 cr | – | 1.8x | -0.8% | 7.5% | 7.5% | -4.4% | – |
| SWISSMLTRY | ₹295 cr | 41.7x | 2.2x | 5.3% | 7.2% | 3.8% | +28.6% | – |
| ATLASCYCLE | ₹60 cr | – | 0.2x | -2.2% | -2.1% | -107.2% | +58.6% | – |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Building Products | ₹2,193 cr | 87.3% | ₹117 cr | 5.3% |
| Consumer appliances business | ₹318 cr | 12.7% | ₹-1 cr | -0.4% |
| Others | ₹0 cr | – | ₹-0 cr | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2024-10-25 | Rights | Rights 119:758 @ Premium Rs 218/- |
| 2024-08-22 | Dividend | Annual General Meeting/Dividend - Re 0.40 Per Share |
| 2023-09-20 | Dividend | Annual General Meeting/Dividend - Re 0.50 Per Share |
| 2022-08-19 | Other | Annual General Meeting |
| 2022-02-21 | Dividend | Interim Dividend - Rs 0.50 Per Share |
| 2021-09-16 | Dividend | Annual General Meeting/Dividend - Rs 0.30 Per Share |
| 2020-08-24 | Dividend | Annual General Meeting/Dividend - Rs 0.15 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Consumer Products: Kitchen appliances, Air coolers, Electronic Household goods and other household appliances
| Sector | Consumer Discretionary |
| Industry | Consumer Durables |
| Sub-industry | Sanitary Ware |
| Symbol | HINDWAREAP |
| BSE code | 542905 |
| ISIN | INE05AN01011 |
| Face value | ₹2.0 |
| Incorporated | 2017-09-28 |
| Website | www.hindwarehomes.com |
| Plants (India / abroad) | 0 / 0 |
From the company's filings (BRSR FY26).
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.