HINDWAREAPConsumer Discretionary

Hindware Home Innovation Limited

Sanitary Ware · ISIN INE05AN01011 · BSE 542905 · NSE EQ · FV ₹2
Last price
₹177
+2.92%today
What this company does

Hindware Home Innovation Limited operates in Sanitary Ware, part of the Consumer Discretionary sector. It booked ₹625 cr of revenue in its latest quarter (Q1 FY27) and kept 0.7% of sales as profit.

Bathware business Our position as a leading name in India's sanitaryware and faucets landscape is anchored in a decades-long legacy of deep brand equity. We operate a strategic brand architecture designed to capture market share across distinct consumer segments, led by Queo, our luxury lifestyle brand, Hindware Italian Collection, our aspirational premium brand, and Hindware, our iconic core brand.
In the report:
42out of 100
Equitytale Health Score
Strained

Healthier than 42% of companies in Consumer Discretionary, on all six measures of filed financials. Each measure is ranked against the 301–421 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
33

At close. Not part of the score.

Profitability & returns33

How much profit it earns on the money it employs

Balance sheet19

How much it owes, and whether earnings cover the interest

Cash quality68

Whether reported profit actually arrives as cash

Growth & consistency43

Whether sales and profit have grown, and how steadily

Valuation23

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 18% vs last year
Promoters hold 53%
No promoter shares pledged
Turns profit into real cash
Watch-outs
! Thin 0.7% net margin
! Low 2.4% return on equity

What if I invest in HINDWAREAP?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹177 +2.92%
latest close · 2026-09-17
1-year return
-51.0%
52-wk low ₹17152-wk high ₹485
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio85.1High
LowAverageHigh
P/B ratio2.01Moderate
Below bookModerateHigh
EV / EBITDA9.9Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity2.4%Weak
WeakFairStrong ▸15%
Return on capital8.2%Fair
WeakFairStrong
Net margin0.7%Thin
ThinDecentStrong
EBITDA margin8.7%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.95Moderate
LowModerateHigh ▸1
Interest cover1.4×Risky
RiskyOkayStrong ▸5×
Current ratio0.98Tight
Tight ◂1HealthyAmple
More figures
Market cap
₹1,480 cr
Book value
₹88
EPS
₹0.52
latest quarter
Net debt
₹675 cr
owes more than its cash
Enterprise value
₹2,156 cr
EBITDA
₹219 cr
annualised
EBIT
₹99 cr
annualised
Operating margin
4.0%
Return on assets
0.7%
Earnings yield
1.18%
P/S
0.59
Sales / share
₹299.0
Tax rate
29.0%
Face value
₹2
Shares
8.4 cr
Working capital
₹-30 cr
Current assets
₹1,215 cr
Current liabilities
₹1,245 cr
Delivery %
61.2%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2026 report & filings
not investment advice
Hard to value confidentlyLow confidence
The company's latest annual profit was negative, so we won't call it cheap off older profits.
Models span ₹47₹114, midpoint ₹75

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹625 cr
Other Income₹4 cr
Total Income₹629 cr
Cost of Materials₹174 cr
Purchases of Stock-in-Trade₹147 cr
Inventory Change (±)₹8 cr
Employee Benefit Expense₹112 cr
Finance Costs₹17 cr
Depreciation & Amortisation₹30 cr
Other Expenses₹135 cr
Total Expenses₹622 cr
Exceptional Items₹83 L
Profit before Tax₹7 cr
Tax Expense₹2 cr
Share of JV / Associates₹-86 L
Net Profit₹4 cr
Net margin on total income0.7%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹328 cr52.2%
Employee benefit expense₹112 cr17.8%
Finance costs₹17 cr2.8%
Depreciation & amortisation₹30 cr4.8%
Other expenses₹135 cr21.5%
Tax expense₹2 cr0.3%
Profit for the period₹4 cr0.7%
Total income ₹629 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue640 cr663 cr625 cr
Total income643 cr681 cr629 cr
Expenses637 cr667 cr622 cr
Profit before tax6 cr11 cr7 cr
Tax1 cr3 cr2 cr
Net profit (owners' share)4 cr-19 cr4 cr
Net margin (owners' share, on revenue)0.6%-2.9%0.7%
EPS (₹)0.43-2.280.52
YoY (latest quarter): total income +16.4% · net profit
Balance sheet & cash flow · as of Mar 2026
Moderate debt
Total assets
₹2,452 cr
Shareholder equity
₹737 cr
parent shareholders
Total debt
₹709 cr
Cash
₹33 cr
Cash flow · H1 FY26
Operating
₹85 cr
Investing
₹-80 cr
Financing
₹-19 cr
Peer comparison
Consumer Discretionary · by market value (sector-level match)
CompanyPriceMarket capP/E
Dhoot Transmission Limited₹1,580₹29,774 cr56.1
Metro Brands Limited₹950₹25,905 cr69.1
Sundram Fasteners Limited₹1,227₹25,773 cr38.3
Lalithaa Jewellery Mart Limited₹290₹14,519 cr17.5
SEDEMAC Mechatronics Limited₹3,111₹13,740 cr103.1
Ventive Hospitality Limited₹562₹13,119 cr40.6
Horizon Industrial Parks Limited₹52₹12,779 cr
Max Estates Limited₹578₹9,443 cr283.1
Garware Technical Fibres Limited₹800₹7,809 cr30.5
Same sector · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
trailing 12 months
Dividend / share (TTM)
Last dividend
₹0.4
ex 22 Aug 2024
ActionDetailEx-date
Rights issue758:11925 Oct 2024
Dividend₹0.4 / share22 Aug 2024
Dividend₹0.5 / share20 Sep 2023
Dividend₹0.5 / share21 Feb 2022
Dividend₹0.3 / share16 Sep 2021
Dividend₹0.15 / share24 Aug 2020
Who owns it · 2026-06-30
No pledge
Promoter
52.7%
FII / Foreign
5.2%
DII / Domestic
3.7%
Retail / others
38.4%
Promoter stake up 1.4% over the last 12 quarters.
Smart-money activity
Insider trades
SoldGayatri & Annapurna (Executed through its partner Mr. Ashok Jaipuria, Director of the Company) · Director1.00 L · ₹3.0 cr20 Aug 25
BoughtMr. Sandip Somany · Promoters41,000 · ₹78.1 L12 Mar 25
BoughtMr. Sandip Somany · Promoters1.25 L · ₹2.3 cr18 Feb 25
Bulk / block deals
SoldSKG FAMILY TRUST · NSE4.42 L @ ₹201.5112 Aug 26
SoldARG FAMILY TURST · NSE4.42 L @ ₹201.512 Aug 26
SoldNK SECURITIES RESEARCH PRIVATE LIMITED · NSE6.60 L @ ₹243.5112 Jun 26
Stake changes
BoughtAl Mehwar Commercial Investments L.L.C→ 5.42% · 3.90 L23 Apr 26
BoughtSandip Somany along with PAC · promoter→ 8.75% · 41,00012 Mar 25
BoughtSandip Somany · promoter→ 8.70% · 1.25 L18 Feb 25
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 18 Aug 2026
See the official result
1
To consider and adopt the audited standalone financial statements of the Company for the financial year ended 31 March 2026, the reports of the Board of Directors and Auditors' thereon and the audited consolidated financial statements of the Company for the financial year ended 31 March 2026 and Auditors’ Report thereon.
Backed by 100% of shareholders other than promotersneeded 50%
74.21 L votes for, 99 against · 0% of mutual funds and other big investors said no
2
To appoint a Director in place of Mr. Sandip Somany (DIN: 00053597) who retires by rotation, and being eligible, offers himself for re-appointment
Promoters had a personal stake in this
Backed by 96% of shareholders other than promotersneeded 50%
71.47 L votes for, 2.74 L against · 12% of mutual funds and other big investors said no
3
To appoint Mr. Shashvat Somany (DIN:10058462) as a Non-Executive Non-Independent Director of the Company
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
74.21 L votes for, 299 against · 0% of mutual funds and other big investors said no
4
To approve remuneration by way of Commission to the Directors (Other than the Managing Director/Whole-time Director)
Backed by 100% of shareholders other than promotersneeded 75%
74.21 L votes for, 358 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 20 named members
owning 52.8% between them · as of 2026-06-30
SOMANY IMPRESA LIMITED43.31%
SANDIP SOMANY8.75%
SUMITA SOMANY0.23%
DIVYA SOMANY0.21%
SANDIP SOMANY HUF0.14%
SHASHVAT SOMANY0.11%
AGI Glasspack Limitedno shares
AGI Greenpac Limitedno shares

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.