HARDWYN

Hardwyn India Limited

Hardwyn India Limited (HARDWYN) financial statements and selected valuation metrics through 30 June 2026.

Consumer Discretionary›Consumer Durables›Consumer Durables›Furniture, Home Furnishing

hardwyn.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-19

Stock price
₹9.09
Market cap
622 Cr
Stock P/E
50.1
P/B
1.53
ROE (FY26)
3.3%
ROCE (FY26)
4.8%
Operating margin (FY26)
9.7%
Debt / equity (FY26)
0.01
OCF / EBITDA (FY26)
34.4%
OCF / EBITDA (3Y)
19.7%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Hardwyn India sells architectural hardware, kitchen fittings and aluminium products, including mortise handles, through a network of about 4,000 dealers and distributors and to institutional buyers.

Company snapshot

6thBy market cap

Ranked among 8 companies in Furniture, Home Furnishing.

Segment mix

Reportable segments as of 2022-03-31 (Standalone). Revenue share = segment revenue ÷ total revenue.

SegmentRevenue shareRevenuePBTAssets
NA—0 Cr0 Cr—

What we see

Positives
  • ✓Debt-to-equity of 0.01x — the company is largely funded by its own money, not borrowed funds.
Concerns
  • ✗Only 20% of operating profit came in as cash over the last three years — much of it is tied up in unpaid bills or stock.
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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales32 Cr40 Cr44 Cr41 Cr52 Cr46 Cr46 Cr43 Cr51 Cr49 Cr57 Cr35 Cr
Operating expenses (approx.)30 Cr33 Cr38 Cr38 Cr45 Cr40 Cr43 Cr37 Cr44 Cr46 Cr51 Cr30 Cr
EBITDA2 Cr7 Cr6 Cr2 Cr6 Cr6 Cr3 Cr6 Cr7 Cr3 Cr6 Cr4 Cr
OPM %7.1%16.7%13.5%6.0%12.0%13.8%6.5%13.2%13.4%6.2%10.0%13.0%
Other income0.08 Cr0.07 Cr0.15 Cr0.03 Cr0.09 Cr0.26 Cr0.39 Cr0.05 Cr0.03 Cr0.14 Cr0.32 Cr0.03 Cr
Interest0.20 Cr0.51 Cr0.30 Cr0.16 Cr0.16 Cr0.59 Cr0.29 Cr0.17 Cr0.20 Cr0.23 Cr0.50 Cr0.31 Cr
Depreciation0.07 Cr0.14 Cr0.94 Cr0.42 Cr0.45 Cr0.44 Cr0.45 Cr0.41 Cr0.46 Cr0.47 Cr0.51 Cr0.51 Cr
Profit before tax2 Cr6 Cr5 Cr2 Cr6 Cr6 Cr3 Cr5 Cr6 Cr2 Cr5 Cr4 Cr
Tax %29.0%29.0%31.7%29.1%29.2%29.1%29.2%29.5%29.2%27.4%31.7%24.4%
Net profit1 Cr4 Cr3 Cr1 Cr4 Cr4 Cr2 Cr4 Cr4 Cr2 Cr3 Cr3 Cr
EPS (₹)₹0.04₹0.12₹0.09₹0.04₹0.11₹0.08₹0.04₹0.07₹0.09₹0.04₹0.07₹0.06

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2023Mar 2024Mar 2025Mar 2026TTM
Sales165 Cr153 Cr185 Cr200 CrSign in free for the trailing twelve months
Operating expenses (approx.)151 Cr136 Cr167 Cr179 CrSign in free for the trailing twelve months
EBITDA14 Cr16 Cr18 Cr21 CrSign in free for the trailing twelve months
OPM %8.2%10.8%9.8%10.6%Sign in free for the trailing twelve months
Other income0.71 Cr0.50 Cr0.77 Cr0.55 CrSign in free for the trailing twelve months
Interest0.86 Cr1 Cr1 Cr1 CrSign in free for the trailing twelve months
Depreciation0.29 Cr1 Cr2 Cr2 CrSign in free for the trailing twelve months
Profit before tax13 Cr15 Cr16 Cr19 CrSign in free for the trailing twelve months
Tax %29.4%29.9%29.1%29.7%Sign in free for the trailing twelve months
Net profit9 Cr10 Cr11 Cr13 CrSign in free for the trailing twelve months
EPS (₹)₹5.86₹0.29₹0.23₹0.27Sign in free for the trailing twelve months
Dividend payout %0.0%0.0%0.0%0.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2023Mar 2024Mar 2025Mar 2026
Equity capital26 Cr35 Cr49 Cr49 Cr
Reserves346 Cr348 Cr345 Cr357 Cr
Borrowings5 Cr9 Cr9 Cr5 Cr
Other liabilities41 Cr49 Cr57 Cr54 Cr
Total liabilities418 Cr445 Cr465 Cr466 Cr
Fixed assets (net)0.95 Cr4 Cr3 Cr4 Cr
CWIP0 Cr0 Cr——
Investments0 Cr1 Cr0 Cr0 Cr
Inventories35 Cr49 Cr59 Cr52 Cr
Trade receivables25 Cr31 Cr43 Cr46 Cr
Cash & bank0.19 Cr0.10 Cr0.25 Cr0.22 Cr
Other assets357 Cr360 Cr360 Cr363 Cr
Total assets418 Cr445 Cr465 Cr466 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity-1.00 Cr2 Cr2 Cr7 Cr
Cash from investing-0.42 Cr-6 Cr-0.88 Cr-3 Cr
Cash from financing1 Cr4 Cr-0.39 Cr-5 Cr
Net cash flow0.04 Cr0.26 Cr0.29 Cr0.06 Cr
Free cash flow (OCF − Capex)-1 Cr2 Cr0.68 Cr5 Cr

Ratios

MetricMar 2023Mar 2024Mar 2025Mar 2026
ROCE %3.7%4.0%4.2%4.8%
ROE %2.5%2.6%2.8%3.3%
Debtor days55758484
Inventory days3728494243365281
Days payable3328392530883834
Cash conversion cycle455109113321531
OCF / EBITDA %-7.4%13.0%8.6%34.4%
OCF / EBITDA % (3 years)——5.6%19.7%
Debt / equity0.010.020.020.01
Current ratio1.561.651.732.13
Net debt / EBITDA0.320.550.490.25