Hindware Home Innov.

₹340 -5.9 | 1.7%

WEBSITE BSE:542905 NSE : HINDWAREAP 10 May, 16:01

Market Cap ₹2458 Cr.

Stock P/E 53.5

P/B 4.1

Current Price ₹340

Book Value ₹ 82.6

Face Value 2

52W High ₹664.1

Dividend Yield 0.15%

52W Low ₹ 315.1

Edit Ratio

Hindware Home Innov. Research see more...

EQUITY RESEARCH: Hindware Home Innovation Ltd

Overview Inc. Year: 2017Industry: Consumer Durables - Domestic Appliances

Somany Home Innovations Ltd. (SHIL) is a newly created Corporate Entity which become demerged from HSIL Ltd, vastly regarded with the aid of its Brand Hindware, a leading name inside the Indian marketplace. SHIL is centred on servicing end-consumers in the market and is concerned in branding, advertising, income, distribution, buying and selling, service etc. of Consumer Appliances under the Brand name ‘Hindware’, ‘Moonbow’ and Furniture Retail Business beneath the Brand call ‘Evok’.Wide product variety covers regions like Kitchen appliances, Water warmers, Air Coolers, Water Purifiers, Ceiling Fans to Home furnishing etc.It has a longtime community of 9,650+ retail and 750+ distribution points.

Hindware Home Innov. Share Price

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Volume

Price

Price: NSE50 DMA200 DMAVolume

Quarterly Price

Quarterly Monthly

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Peer Comparison

Hindware Home Innov. Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	617	649	686	678	715	713	768	634	700	693
Other Income	8	9	6	8	9	11	7	8	8	11
Total Income	625	658	691	686	723	723	775	642	708	704
Total Expenditure	567	596	624	620	659	663	685	574	628	642
Operating Profit	58	62	67	67	64	60	90	68	80	61
Interest	6	4	5	14	19	22	23	22	24	24
Depreciation	10	10	11	22	25	25	28	29	30	31
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	42	48	51	31	20	13	38	17	25	6
Provision for Tax	18	12	11	18	5	4	10	14	4	0
Profit After Tax	24	36	40	13	16	10	29	3	21	6
Adjustments	1	0	-3	-2	1	-2	-6	-3	-2	-2
Profit After Adjustments	25	36	37	11	16	8	22	0	19	4
Adjusted Earnings Per Share	3.4	5	5.2	1.5	2.2	1.1	3.1	0	2.6	0.6

Hindware Home Innov. Profit & Loss

#(Fig in Cr.)	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	0	1671	1613	1775	2294	2873	2795
Other Income	0	9	24	18	29	35	34
Total Income	0	1680	1637	1793	2323	2908	2829
Total Expenditure	0	1547	1525	1632	2119	2627	2529
Operating Profit	-0	133	112	161	204	281	299
Interest	0	29	33	29	20	77	93
Depreciation	0	20	46	39	39	101	118
Exceptional Income / Expenses	0	-0	0	0	101	0	0
Profit Before Tax	-0	85	33	92	245	103	86
Provision for Tax	0	30	10	38	42	37	28
Profit After Tax	-0	55	23	55	203	66	59
Adjustments	0	0	0	0	-2	-9	-13
Profit After Adjustments	-0	55	23	55	202	57	45
Adjusted Earnings Per Share	-1.3	0	3.2	7.6	27.9	7.9	6.3

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	25%	21%	0%	0%
Operating Profit CAGR	38%	36%	0%	0%
PAT CAGR	-67%	42%	0%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-12%	7%	NA%	NA%
ROE Average	12%	26%	26%	-6%
ROCE Average	18%	28%	27%	12%

Hindware Home Innov. Balance Sheet

#(Fig in Cr.)	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	257	274	330	526	576
Minority's Interest	0	0	0	0	7
Borrowings	50	48	43	11	328
Other Non-Current Liabilities	-1	64	49	226	245
Total Current Liabilities	636	581	580	1345	1110
Total Liabilities	942	967	1002	2107	2266
Fixed Assets	108	190	157	743	912
Other Non-Current Assets	13	17	23	176	157
Total Current Assets	821	760	822	1188	1197
Total Assets	942	967	1002	2107	2266

Hindware Home Innov. Cash Flow

#(Fig in Cr.)	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	0	0	22	3	8	26
Cash Flow from Operating Activities	-0	79	40	234	226	221
Cash Flow from Investing Activities	-0	-37	-31	-52	-124	-705
Cash Flow from Financing Activities	0	-123	-28	-178	-83	467
Net Cash Inflow / Outflow	0	-81	-19	5	19	-17
Closing Cash & Cash Equivalent	0	22	3	8	26	9

Hindware Home Innov. Ratios

#	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	-1.25	0	3.2	7.59	27.9	7.9
CEPS(Rs)	-1.25	0	9.56	13.02	33.59	23.16
DPS(Rs)	0	0	0.15	0.3	0.5	0.5
Book NAV/Share(Rs)	0.75	0	37.93	45.64	72.81	79.64
Core EBITDA Margin(%)	0	5.11	3.7	5.29	4.82	5.2
EBIT Margin(%)	0	4.67	2.79	4.5	7.33	3.8
Pre Tax Margin(%)	0	3.5	1.39	3.41	6.77	2.17
PAT Margin (%)	0	2.25	0.97	2.03	5.62	1.4
Cash Profit Margin (%)	0	3.07	2.9	3.48	6.7	3.53
ROA(%)	-57.39	11.62	2.42	5.57	13.09	3.04
ROE(%)	-166.67	45.16	8.95	18.15	47.53	12.06
ROCE(%)	-63.69	40.52	11.45	21.74	44.69	18.4
Receivable days	0	53.6	54.78	51.69	35.94	26.31
Inventory Days	0	42.01	45.13	39.79	48.12	52.31
Payable days	0	28.69	48	39.14	46.22	61.26
PER(x)	0	0	21.12	35.88	13.01	44.87
Price/Book(x)	0	0	1.78	5.96	4.99	4.45
Dividend Yield(%)	0	0	0.22	0.11	0.14	0.14
EV/Net Sales(x)	0	0.17	0.5	1.21	1.2	1.14
EV/Core EBITDA(x)	-2.2	2.11	7.23	13.34	13.43	11.61
Net Sales Growth(%)	0	0	-3.46	10.05	29.2	25.27
EBIT Growth(%)	0	0	-41.34	83.36	117.92	-32.21
PAT Growth(%)	0	0	-57.75	137.32	271.05	-67.34
EPS Growth(%)	0	100	0	137.32	267.75	-71.69
Debt/Equity(x)	1.6	1.25	1.2	0.57	0.27	1.24
Current Ratio(x)	1.53	1.29	1.31	1.42	0.88	1.08
Quick Ratio(x)	1.53	0.85	0.77	0.93	0.38	0.46
Interest Cover(x)	-155.25	3.97	2	4.13	13.01	2.34
Total Debt/Mcap(x)	0	0	0.67	0.1	0.05	0.28

Hindware Home Innov. Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	51.32	51.32	51.32	51.32	51.32	51.32	51.32	51.32	51.32	51.32
FII	3.63	3.31	3.02	3.19	4.36	4.96	5.04	7.15	7.59	7.49
DII	5.92	5.84	6.34	6.5	7.27	8.27	9.03	9.17	9.83	7.35
Public	39.13	39.54	39.32	39	37.05	35.45	34.62	32.37	31.27	33.85
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	3.71	3.71	3.71	3.71	3.71	3.71	3.71	3.71	3.71	3.71
FII	0.26	0.24	0.22	0.23	0.32	0.36	0.36	0.52	0.55	0.54
DII	0.43	0.42	0.46	0.47	0.53	0.6	0.65	0.66	0.71	0.53
Public	2.83	2.86	2.84	2.82	2.68	2.56	2.5	2.34	2.26	2.45
Others	0	0	0	0	0	0	0	0	0	0
Total	7.23	7.23	7.23	7.23	7.23	7.23	7.23	7.23	7.23	7.23

Pros

Company has a good return on equity (ROE) track record: 3 Years ROE 26%

Cons

Debtor days have increased from 46.22 to 61.26days.
Stock is trading at 4.1 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Hindware Home Innov.

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Hindware Home Innov. Research see more...

Overview Inc. Year: 2017Industry: Consumer Durables - Domestic Appliances

Hindware Home Innov. Share Price

Alert Data

Quarterly Price

Peer Comparison

Hindware Home Innov. Quarterly Results

Hindware Home Innov. Profit & Loss

Growth Rates

Hindware Home Innov. Balance Sheet

Hindware Home Innov. Cash Flow

Hindware Home Innov. Ratios

Hindware Home Innov. Shareholding Pattern

Hindware Home Innov. News

Top Unlisted Companies & InstaBuy Companies

Signify Innovations

IPO

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