Hardwyn India Ltd

HARDWYN

Watchlist

AI Mode

‌

Market Cap

₹ 859 Cr

P/E

62.79

‌

‌
‌

‌

‌
‌

Investment Checklist

How to read checklist?

Performance

STEADY PERFORMER

Valuation

REASONABLE

Growth

STABLE

Profitability

LOW MARGIN

Technicals

Bullish

Risk

MODERATE RISK

Investment Checklist

‌

‌
‌

‌

‌
‌

‌

‌
‌

‌

‌
‌

‌

‌
‌

‌

‌
‌

‌

Price

PE Ratio

Price

‌

Overview

Detailed Summary

Hardwyn India Limited primarily engages in manufacturing and trading of glass-kitchen and furniture fittings. Founded in 2017, the company originated from trading in aluminum and fabric products, rooted in promoters’ previous ventures.

The promoters have a longstanding history in trading, originally via family businesses in aluminum and fabric industries, transitioning to glass fittings more recently.

Although initially involved in aluminum and fabric, Hardwyn has expanded its focus to include specialized furniture fittings, indicating strategic growth.

A public issue in April 2018 raised Rs 3.2 crore, marking a significant fiscal milestone for further business expansion.

Hardwyn's historical ties to trading and manufacturing represent its adaptability and strategic evolution in the fittings industry.

Sector

Trading

Industry

Trading - Medium / Small

Market Cap

859 Cr

Volatility

Low Risk

P/E Ratio

62.8

Industry P/E

35.9

PEG Ratio

1.3

P/B Ratio

2.1

52W High

22.82

52W Low

10.84

Sales CAGR

20.77%

18.74%

65.12%

10Y

—

Profit CAGR

9.67%

46.67%

154.88%

10Y

—

ROE

TTM

3.45%

2.57%

2.93%

10Y

—

ROCE

TTM

5.11%

3.93%

4.48%

10Y

—

Technicals

‌

Forecasts

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
PVSL	123.50	882 Cr	—	1.40	0.00	-5.13	2.74	-1.45
FOCE	1790.00	876 Cr	60.82	11.11	0.00	15.77	14.07	6.95
HARDWYN	17.58	859 Cr	62.79	2.14	0.00	3.45	5.11	2.87
ARL	394.70	841 Cr	146.73	9.17	0.00	5.93	6.14	3.81
OSWALAGRO	60.15	807 Cr	6.40	0.84	0.00	13.09	16.71	12.38
ROBU	810.00	757 Cr	42.56	9.41	0.00	22.12	21.62	12.91
BIZOTIC	931.15	749 Cr	174.70	12.90	0.00	16.29	19.70	6.71

Financial Statements

AI Powered Summary

Discover detailed, AI-driven financial summaries that break down key metrics, trends, and insights—empowering you to make smarter investment decisions.

AI Mode

Consolidated Quarterly Results (in ₹ Crores)

View Standalone

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	37	32	40	44	41	52	46	46	43	51
Expenses	35	30	33	38	38	45	40	43	37	44
Operating Profit	1.60	2.27	6.65	5.97	2.44	6.22	6.40	2.98	5.68	6.78
OPM %	4.34	7.11	16.67	13.52	5.96	12.04	13.80	6.53	13.23	13.38
Other Income	0.20	0.08	0.07	0.15	0.03	0.09	0.26	0.39	0.05	0.03
Interest	0.16	0.20	0.51	0.30	0.16	0.16	0.59	0.29	0.17	0.20
Depreciation	0.07	0.07	0.14	0.94	0.42	0.45	0.44	0.45	0.41	0.46
Profit Before Tax	1.56	2.09	6.07	4.88	1.89	5.70	5.63	2.63	5.15	6.15
Tax %	28.85	29.19	29.00	31.56	29.10	29.12	29.13	29.28	29.51	29.27
Net Profit	1.11	1.48	4.31	3.33	1.34	4.04	3.99	1.86	3.63	4.35
EPS in Rs	0.02	0.03	0.09	0.06	0.03	0.08	0.11	0.04	0.07	0.09

Consolidated Profit Loss (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2023	Mar 2024	TTM
Sales	165	153	187
Expenses	151	136	165
Operating Profit	14	16	21
OPM %	8.23	10.78	11.40
Other Income	0.71	0.50	0.79
Interest	0.86	1.17	1.21
Depreciation	0.29	1.21	1.75
Profit Before Tax	13	15	19
Tax %	29.22	29.87	29.25
Net Profit	9.28	10	14
EPS in Rs	—	0.20	0.31
Dividend Payout %	0.00	0.00	—

Consolidated Balance Sheet (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2023	Mar 2024
Equity Capital	26	35
Reserves	346	348
Borrowings	4.57	9.24
Other Liabilities	41	54
Total Liabilities	418	445
Fixed Assets	347	351
CWIP	0.00	0.00
Investments	0.00	0.00
Other Assets	71	94
Total Assets	418	445

Consolidated Cash Flows (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2023	Mar 2024
Cash from Operating Activity	-1.00	2.14
Cash from Investing Activity	-0.42	-5.57
Cash from Financing Activity	1.46	3.70
Net Cash Flow	0.04	0.26

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Promoters	74.85%	43.77%	43.77%	43.77%	43.77%	43.77%	43.77%	43.77%	43.77%	43.77%	43.77%	43.77%
FIIs	1.42%	0.52%	0.83%	0.47%	0.46%	0.47%	0.46%	0.49%	0.07%	0.91%	0.01%	0.01%
DIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-0.00%	0.46%	0.46%	0.46%	0.46%
Public	23.73%	55.71%	55.41%	55.77%	55.77%	55.76%	55.77%	55.75%	55.70%	54.86%	55.76%	55.76%
Total Shareholders	2,907	3,456	18,643	21,331	23,743	32,194	34,480	36,436	59,250	60,240	58,407	55,803

Market Transactions

Date	Party	Category	Type	Avg Price (₹)	Total Value (₹)	Quantity	Percent Traded
Jan 03, 2025	Shalini jain	Bulk	Sell	19.19	4.89 Cr	25,48,991	0.52
Nov 24, 2023	Wajid ahmed	Bulk	Buy	39.40	11.82 Cr	30,00,000	0.61
Nov 24, 2023	Dream achiever consultancy se...	Bulk	Sell	39.05	8.39 Cr	21,48,163	0.43
May 19, 2023	Balbir singh nayyar	Bulk	Sell	368.00	5.48 Cr	1,48,939	0.03
May 19, 2023	Waybroad trading private limited	Bulk	Buy	368.00	5.48 Cr	1,49,000	0.03
Apr 25, 2023	Dream achiever consultancy se...	Bulk	Sell	345.00	6.56 Cr	1,90,000	0.03
Apr 25, 2023	Ecotek general trading l.l.c	Bulk	Buy	345.00	6.55 Cr	1,89,986	0.03
Mar 24, 2023	Silvertoss shoppers private l...	Bulk	Sell	291.00	8.26 Cr	2,83,750	0.05
Mar 24, 2023	Dream achiever consultancy se...	Bulk	Buy	291.00	8.25 Cr	2,83,500	0.05
Feb 06, 2023	Ag dynamic funds limited	Bulk	Sell	307.00	2.49 Cr	81,000	0.01

Projection

Actions

Action Type

‌
‌

Announcements

Last 7 days

Newest

Sentiment

Sorry, no results found!

Documents

Presentations

Concalls

Reports

Presentations

No documents found!

AI Mode

Get instant AI-powered insights about company performance, financials, and strategy. Ask questions about trends, competition, and developments while receiving responses backed by official documents and market data, with clear attribution to source documents.

AI Mode

Oscillators

BearishNeutralBullish

Neutral

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bullish

Bearish

Neutral

Bullish

Moving Averages

BearishNeutralBullish

Bullish

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bullish

Bearish

Neutral

Bullish

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
PVSL	123.50	882 Cr	—	1.40	0.00	-5.13	2.74	-1.45
FOCE	1790.00	876 Cr	60.82	11.11	0.00	15.77	14.07	6.95
HARDWYN	17.58	859 Cr	62.79	2.14	0.00	3.45	5.11	2.87
ARL	394.70	841 Cr	146.73	9.17	0.00	5.93	6.14	3.81
OSWALAGRO	60.15	807 Cr	6.40	0.84	0.00	13.09	16.71	12.38
ROBU	810.00	757 Cr	42.56	9.41	0.00	22.12	21.62	12.91
BIZOTIC	931.15	749 Cr	174.70	12.90	0.00	16.29	19.70	6.71

Overview

Detailed Summary

The promoters have a longstanding history in trading, originally via family businesses in aluminum and fabric industries, transitioning to glass fittings more recently.

Although initially involved in aluminum and fabric, Hardwyn has expanded its focus to include specialized furniture fittings, indicating strategic growth.

A public issue in April 2018 raised Rs 3.2 crore, marking a significant fiscal milestone for further business expansion.

Hardwyn's historical ties to trading and manufacturing represent its adaptability and strategic evolution in the fittings industry.

Sector

Trading

Industry

Trading - Medium / Small

Market Cap

859 Cr

Volatility

Low Risk

P/E Ratio

62.8

Industry P/E

35.9

PEG Ratio

1.3

P/B Ratio

2.1

52W High

22.82

52W Low

10.84

Sales CAGR

20.77%

18.74%

65.12%

10Y

—

Profit CAGR

9.67%

46.67%

154.88%

10Y

—

ROE

TTM

3.45%

2.57%

2.93%

10Y

—

ROCE

TTM

5.11%

3.93%

4.48%

10Y

—