HINDWAREAP

Hindware Home Innovation Limited

Sanitary ware and home products under Hindware brand

Consumer Discretionary›Consumer Durables›Consumer Durables›Sanitary Ware

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

Price as of 2026-10-19

Stock price
₹170.83
Market cap
1,422 Cr
Stock P/E
Loss (TTM EPS ₹-0.75)
P/B
1.94
Dividend yield
0.2%
ROE (FY26)
-5.3%
ROCE (FY26)
1.9%
Operating margin (FY26)
3.2%
Debt / equity (FY26)
0.96
OCF / EBITDA (FY26)
130.6%
OCF / EBITDA (3Y)
119.4%

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

Hindware Home Innovation (Hindware) makes and sells bathware (sanitaryware and faucets), plastic pipes and fittings, and kitchen appliances such as chimneys, hobs and cooktops, through distributors, dealers and institutional customers.

Company snapshot

2ndBy market cap

Ranked among 2 companies in Sanitary Ware.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 88.7% of revenue

SegmentRevenue shareRevenuePBTAssets
Building products
88.7%
527 Cr22 Cr2,063 Cr
Consumer appliances business
11.3%
67 Cr-14 Cr350 Cr
Others—0 Cr-0.03 Cr0.33 Cr
Retail business
0.1%
0.56 Cr-0.71 Cr1 Cr

What we see

Positives
  • ✓119% of operating profit came in as cash over the last three years — profits are backed by real cash.
Concerns
  • ✗Net margin is negative — the company is spending more than it earns right now.
2 more signals from the filings.Sign in free to see them all

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
Sales700 Cr693 Cr774 Cr600 Cr630 Cr594 Cr699 Cr531 Cr676 Cr640 Cr663 Cr625 Cr
Operating expenses (approx.)628 Cr642 Cr718 Cr557 Cr600 Cr565 Cr658 Cr482 Cr620 Cr592 Cr618 Cr575 Cr
EBITDA72 Cr51 Cr56 Cr43 Cr30 Cr29 Cr41 Cr49 Cr56 Cr48 Cr44 Cr50 Cr
OPM %10.3%7.3%7.2%7.2%4.7%4.9%5.8%9.2%8.3%7.5%6.7%8.0%
Other income8 Cr11 Cr9 Cr12 Cr10 Cr8 Cr10 Cr9 Cr4 Cr3 Cr19 Cr4 Cr
Interest24 Cr24 Cr25 Cr24 Cr24 Cr23 Cr19 Cr18 Cr17 Cr17 Cr19 Cr17 Cr
Depreciation30 Cr31 Cr32 Cr31 Cr31 Cr31 Cr30 Cr30 Cr29 Cr29 Cr29 Cr30 Cr
Profit before tax24 Cr5 Cr4 Cr-4 Cr-20 Cr-22 Cr-29 Cr-44 Cr11 Cr5 Cr-16 Cr7 Cr
Tax %18.2%6.4%34.1%2.0%22.2%18.9%-7.4%33.7%56.1%24.4%-19.3%32.8%
Net profit20 Cr5 Cr3 Cr-4 Cr-16 Cr-18 Cr-31 Cr-29 Cr5 Cr4 Cr-19 Cr4 Cr
EPS (₹)₹2.72₹0.63₹0.30₹-0.55₹-2.16₹-2.28₹-3.70₹-3.48₹0.59₹0.42₹-2.27₹0.52

Profit & loss (annual)

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

MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,613 Cr1,775 Cr2,294 Cr2,873 Cr2,800 Cr2,523 Cr2,510 CrSign in free for the trailing twelve months
Operating expenses (approx.)1,525 Cr1,632 Cr2,119 Cr2,627 Cr2,562 Cr2,380 Cr2,313 CrSign in free for the trailing twelve months
EBITDA88 Cr143 Cr175 Cr246 Cr238 Cr143 Cr198 CrSign in free for the trailing twelve months
OPM %5.5%8.1%7.6%8.6%8.5%5.7%7.9%Sign in free for the trailing twelve months
Other income24 Cr18 Cr29 Cr35 Cr37 Cr41 Cr35 CrSign in free for the trailing twelve months
Interest33 Cr29 Cr20 Cr77 Cr95 Cr89 Cr70 CrSign in free for the trailing twelve months
Depreciation46 Cr39 Cr39 Cr101 Cr123 Cr123 Cr117 CrSign in free for the trailing twelve months
Profit before tax33 Cr92 Cr243 Cr94 Cr48 Cr-75 Cr-43 CrSign in free for the trailing twelve months
Tax %30.3%40.7%17.1%38.8%42.0%8.7%9.5%Sign in free for the trailing twelve months
Net profit23 Cr55 Cr202 Cr58 Cr28 Cr-68 Cr-39 CrSign in free for the trailing twelve months
EPS (₹)₹3.20₹7.59₹27.90₹7.96₹3.56₹-8.78₹-4.74Sign in free for the trailing twelve months
Dividend payout %—2.0%2.8%0.0%13.9%——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 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital14 Cr14 Cr14 Cr14 Cr14 Cr17 Cr17 Cr
Reserves260 Cr315 Cr512 Cr561 Cr583 Cr760 Cr720 Cr
Borrowings326 Cr184 Cr143 Cr712 Cr837 Cr720 Cr709 Cr
Other liabilities410 Cr524 Cr1,476 Cr1,008 Cr977 Cr1,022 Cr997 Cr
Total liabilities1,010 Cr1,039 Cr2,146 Cr2,303 Cr2,420 Cr2,528 Cr2,452 Cr
Fixed assets (net)188 Cr156 Cr490 Cr653 Cr701 Cr698 Cr839 Cr
CWIP5 Cr10 Cr58 Cr36 Cr54 Cr209 Cr94 Cr
Investments0.27 Cr26 Cr114 Cr88 Cr104 Cr73 Cr39 Cr
Loans & advances0.07 Cr0.60 Cr0 Cr0 Cr0 Cr0 Cr0 Cr
Inventories310 Cr280 Cr675 Cr684 Cr589 Cr601 Cr614 Cr
Trade receivables359 Cr408 Cr306 Cr378 Cr453 Cr508 Cr420 Cr
Cash & bank3 Cr8 Cr26 Cr9 Cr29 Cr25 Cr33 Cr
Other assets145 Cr151 Cr475 Cr456 Cr490 Cr414 Cr414 Cr
Total assets1,010 Cr1,039 Cr2,146 Cr2,303 Cr2,420 Cr2,528 Cr2,452 Cr

Cash flows

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

MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity40 Cr234 Cr226 Cr221 Cr241 Cr192 Cr258 Cr
Cash from investing-31 Cr-52 Cr-124 Cr-705 Cr-219 Cr-215 Cr-129 Cr
Cash from financing-28 Cr-178 Cr-83 Cr467 Cr-2 Cr18 Cr-120 Cr
Net cash flow-19 Cr5 Cr19 Cr-17 Cr20 Cr-4 Cr8 Cr
Free cash flow (OCF − Capex)8 Cr181 Cr-76 Cr25 Cr57 Cr-10 Cr130 Cr

Ratios

MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %11.1%23.7%39.4%13.2%9.9%1.0%1.9%
ROE %8.4%16.6%38.3%9.8%4.2%8.7%-5.3%
Debtor days81844948597361
Inventory days7057107330343310312
Days payable252940143181210166
Cash conversion cycle126112116234220174207
OCF / EBITDA %45.5%163.8%129.3%89.6%101.3%134.3%130.6%
OCF / EBITDA % (3 years)——123.3%120.7%104.3%104.2%119.4%
Debt / equity1.190.560.271.241.400.930.96
Current ratio1.311.420.881.081.001.100.98
Net debt / EBITDA3.661.240.672.853.404.863.42