Hindware Home Innovation Ltd

HINDWAREAP

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Market Cap

₹ 2,308 Cr

P/E

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Investment Checklist

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Performance

STEADY PERFORMER

Valuation

REASONABLE

Growth

STABLE

Profitability

LOW MARGIN

Technicals

Bearish

Risk

MODERATE RISK

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Price

PE Ratio

Price

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Overview

Detailed Summary

Hindware Home Innovation Limited specializes in sanitaryware, faucets, and consumer appliances. The company has a robust presence in both retail and digital spaces under brands like Hindware, TRUFLO, and EVOK.

The company's strategic capex at the Roorkee facility aims to enhance service efficiency across the Northern India market. This new plant marks a significant expansion effort in the pipes and fittings segment.

Hindware completed the demerger of its consumer products business into HHIL Limited, focusing on core sectors like sanitaryware and consumer appliances.

Investments in premium and designer product offerings reflect a shift towards high-margin segments, aiming to capture market share in mid-premium and premium categories.

Partnership with Groupe Atlantic through Hintastica Private Limited reinforces their strategic position in the fast-growing water and electrical heating market in India.

Sector

Retail

Industry

Trading - Medium / Small

Market Cap

2,308 Cr

Volatility

Low Risk

P/E Ratio

—

Industry P/E

35.9

PEG Ratio

—

P/B Ratio

3.1

52W High

392.10

52W Low

178.15

Sales CAGR

-9.12%

-10.49%

-4.84%

10Y

—

Profit CAGR

-236.34%

—

10Y

—

ROE

TTM

-0.17%

-12.80%

-4.59%

10Y

—

ROCE

TTM

5.02%

-1.22%

6.79%

10Y

—

Technicals

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Forecasts

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Price, EPS and Revenue Projections

Strong SellSellHoldBuyStrong Buy

Hold

Strong Buy

Buy

Hold

Sell

Strong Sell

updated on

Dec 03, 2025

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
VINCOFE	161.80	2,351 Cr	39.04	4.63	0.05	11.44	11.76	9.39
KALAMANDIR	150.45	2,327 Cr	17.96	1.96	0.63	10.92	15.50	7.19
HINDWAREAP	267.50	2,308 Cr	—	3.06	0.00	-0.17	5.02	-2.16
AAL	2055.10	2,251 Cr	942.71	46.30	0.08	5.16	8.25	3.68
LANDMARK	512.55	2,119 Cr	102.03	3.77	0.10	3.71	7.58	1.14
NITCO	91.83	2,076 Cr	—	6.87	0.00	-46.80	-19.29	-62.31
STYLEBAAZA	275.95	2,073 Cr	57.29	4.54	0.00	7.92	9.65	4.44

Financial Statements

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Consolidated Quarterly Results (in ₹ Crores)

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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	623	693	693	772	600	630	594	699	531	676
Expenses	560	619	642	697	557	600	566	658	482	620
Operating Profit	63	74	51	75	43	30	28	41	49	56
OPM %	10.04	10.73	7.31	9.74	7.17	4.72	4.78	5.85	9.18	8.34
Other Income	8.33	8.11	11	8.57	12	9.80	8.08	-19	-40	4.44
Interest	22	24	24	24	24	24	22	19	18	17
Depreciation	28	29	31	31	31	31	31	30	30	29
Profit Before Tax	21	29	6.43	29	0.71	-15	-16	-28	-40	15
Tax %	72.85	19.32	4.82	26.63	29.58	26.05	22.80	-2.08	37.21	43.64
Net Profit	5.64	24	6.12	21	0.50	-11	-13	-28	-25	8.29
EPS in Rs	0.08	2.35	0.54	0.26	-0.48	-1.87	-2.28	-3.70	-3.48	1.19

Consolidated Profit Loss (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	1,671	1,613	1,775	2,294	2,872	2,800	2,523	2,454
Expenses	1,547	1,525	1,632	2,119	2,627	2,562	2,380	2,306
Operating Profit	124	88	143	175	245	238	143	148
OPM %	7.43	5.47	8.06	7.62	8.55	8.49	5.67	6.02
Other Income	8.81	24	18	130	36	37	11	-42
Interest	29	33	29	20	77	95	89	83
Depreciation	20	46	39	39	101	123	123	122
Profit Before Tax	85	33	92	245	103	57	-58	-99
Tax %	35.51	30.32	40.66	17.02	35.47	35.22	11.85	22.09
Net Profit	55	23	55	203	66	37	-51	-77
EPS in Rs	—	2.97	6.56	24.11	6.89	3.23	-8.32	-8.27
Dividend Payout %	0.00	4.69	3.95	1.79	6.28	11.24	0.00	—

Consolidated Balance Sheet (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	0.00	14	14	14	14	14	17
Reserves	242	260	315	512	561	583	760
Borrowings	303	326	242	374	958	1,046	889
Other Liabilities	431	410	466	1,245	769	776	862
Total Liabilities	976	1,010	1,039	2,146	2,303	2,420	2,528
Fixed Assets	108	190	157	743	912	918	875
CWIP	4.07	4.80	11	58	36	55	209
Investments	0.27	0.27	26	114	88	104	73
Other Assets	863	815	845	1,230	1,267	1,344	1,370
Total Assets	976	1,010	1,039	2,146	2,303	2,420	2,528

Consolidated Cash Flows (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	79	40	234	226	221	241	192
Cash from Investing Activity	65	-31	-52	-124	-705	-219	-215
Cash from Financing Activity	-123	-28	-178	-83	467	-1.97	18
Net Cash Flow	22	-19	4.94	19	-17	20	-4.33

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Nov 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Promoters	51.32%	51.32%	51.32%	51.32%	51.32%	51.32%	51.32%	52.54%	52.54%	52.74%	52.74%	52.74%
FIIs	4.96%	5.04%	7.15%	7.59%	7.49%	6.05%	5.65%	5.05%	3.50%	3.65%	3.58%	3.15%
DIIs	8.27%	9.07%	9.22%	9.88%	7.39%	7.13%	6.96%	7.46%	7.58%	7.08%	6.75%	6.35%
Public	35.45%	34.57%	32.32%	31.22%	33.80%	35.51%	36.08%	34.94%	36.37%	36.53%	36.92%	37.76%
Total Shareholders	37,830	41,488	42,245	36,002	37,237	38,574	42,914	45,412	45,609	46,207	43,764	41,147

Market Transactions

Date	Party	Category	Type	Avg Price (₹)	Total Value (₹)	Quantity	Percent Traded
Dec 09, 2025	Irage broking services llp	Bulk	Buy	285.13	0.20 Cr	7,003	0.00
Dec 09, 2025	Irage broking services llp	Bulk	Sell	290.97	13.86 Cr	4,76,185	0.56
Dec 09, 2025	Irage broking services llp	Bulk	Buy	290.61	13.82 Cr	4,75,626	0.56
Dec 09, 2025	Irage broking services llp	Bulk	Sell	289.90	0.03 Cr	999	0.00
Aug 22, 2025	Mr. ashok jaipuria	Insider - Director	Disposal	301.49	3.01 Cr	1,00,000	0.11
Mar 13, 2025	Sandip somany	Insider - Promoter	Acquisition	190.40	0.78 Cr	41,000	0.04
Feb 20, 2025	Sandip somany	Insider - Promoter	Acquisition	183.46	2.29 Cr	1,25,000	0.14
Dec 02, 2024	Sandip somany huf	Insider - Promoter	Acquisition	220.00	0.39 Cr	17,699	0.02
Dec 02, 2024	Sudhanshu pokhriyal	Insider - Designated Person	Acquisition	220.00	0.14 Cr	6,464	0.00
Dec 02, 2024	Somany impresa limited	Insider - Promoter	Acquisition	220.00	124.25 Cr	56,47,803	7.81

Projection

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Actions

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Announcements

Last 7 days

Newest

Sentiment

Investor Meeting

4 days ago

Analyst/Investor Meeting Announcement

Intimation regarding a one-on-one meeting with PinPoint X Capital Pvt Ltd scheduled for December 18, 2025.

Corporate Action

4 days ago

Completion of Asset Sale Agreement by Hintastica Private Limited

Hintastica Private Limited has completed the sale of identified manufacturing assets to Ariston Water Heating Products India Private Limited, with the transaction effective from 11 December 2025.

Documents

Presentations

Concalls

Reports

Presentations

Investor Presentation

Q2 FY26

Investor Presentation

Q1 FY26

Investor Presentation

Q4 FY25

Investor Presentation

Q3 FY25

Investor Presentation

Q2 FY25

Investor Presentation

Q1 FY25

Investor Presentation

Q4 FY24

Investor Presentation

Q3 FY24

Showing 1 - 8 of 23

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Overview

Detailed Summary

Hindware completed the demerger of its consumer products business into HHIL Limited, focusing on core sectors like sanitaryware and consumer appliances.

Investments in premium and designer product offerings reflect a shift towards high-margin segments, aiming to capture market share in mid-premium and premium categories.

Partnership with Groupe Atlantic through Hintastica Private Limited reinforces their strategic position in the fast-growing water and electrical heating market in India.

Sector

Retail

Industry

Trading - Medium / Small

Market Cap

2,308 Cr

Volatility

Low Risk

P/E Ratio

—

Industry P/E

35.9

PEG Ratio

—

P/B Ratio

3.1

52W High

392.10

52W Low

178.15

Sales CAGR

-9.12%

-10.49%

-4.84%

10Y

—

Profit CAGR

-236.34%

—

10Y

—

ROE

TTM

-0.17%

-12.80%

-4.59%

10Y

—

ROCE

TTM

5.02%

-1.22%

6.79%

10Y

—