Hardwyn India Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- ✓Virtually debt-free
Concerns
- ✗Low capital efficiency (ROCE 4.8%)
- ✗Premium to sector peers (P/E 93.9x vs industry 44x)
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| TITAN Titan Company Limited | ₹4,268 | ₹3.6L Cr | 70.3 | 24.11 | 37.7 | 25.8 | 0.97 |
| ASIANPAINT Asian Paints Limited | ₹2,677 | ₹2.6L Cr | 57.5 | 12 | 21.8 | 26.3 | 0.18 |
| LGEINDIA LG Electronics India Limited | ₹1,500 -0.69% | ₹1.0L Cr | 62.26 | 15.23 | 24.72 | — | 0.06 |
| HAVELLS Havells India Limited | ₹1,152 | ₹74K Cr | 43.6 | 7.63 | 19 | 24.9 | 0.03 |
| DIXON Dixon Technologies (India) Limited | ₹11,450 | ₹71K Cr | 49.3 | 14.89 | 37.4 | 42 | 0.34 |
| BERGEPAINT Berger Paints (I) Limited | ₹490 -0.81% | ₹59K Cr | 50.8 | 8.27 | 17.8 | 22.2 | 0.11 |
| VOLTAS Voltas Limited | ₹1,301 | ₹41K Cr | 104 | 6.74 | 6.1 | 9.04 | 0.28 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
HARDWYN · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 43.77% | 43.77% | 43.77% | 43.77% | 43.77% | 43.77% |
| FII | 0.46% | 0.46% | 0.46% | 0.48% | 0.07% | 0.91% |
| Public | 55.75% | 55.76% | 55.77% | 55.75% | 55.70% | 54.86% |
| Govt | — | — | — | — | 0.46% | 0.46% |
Corporate Events
To consider Issuance of Bonus Shares.
HARDWYN : 29-May-2026 : The Company has informed the Exchange that a due to an inadvertent clerical error during submission to the Exchange, the meeting date was mistakenly selected as May 27, 2026. We hereby clarify that the meeting of the Board of Dire
To consider and approve the Audited Financial Results of the Company for the Quarter and Financial Year ended March 31, 2026.
Bonus 2:5
Annual General Meeting
Annual General Meeting
Bonus 1:3
Face Value Split (Sub-Division) - From Rs 10/- Per Share To Re 1/- Per Share
Financials
Quarterly Results
| Metric | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹49.08 Cr ▼3.2% | ₹50.69 Cr ▲18.0% | ₹42.94 Cr ▼5.9% | ₹45.64 Cr ▼1.6% | ₹46.39 Cr ▼10.2% | ₹51.65 Cr ▲26.2% | ₹40.93 Cr ▼7.3% | ₹44.15 Cr |
| Op. Profit | ₹3.02 Cr ▼55.5% | ₹6.78 Cr ▲19.2% | ₹5.69 Cr ▲90.9% | ₹2.98 Cr ▼53.4% | ₹6.4 Cr ▲2.9% | ₹6.22 Cr ▲154.9% | ₹2.44 Cr ▼59.1% | ₹5.97 Cr |
| OPM | 6.2% ▼54.0% | 13.4% ▲1.0% | 13.3% ▲102.9% | 6.5% ▼52.7% | 13.8% ▲14.6% | 12.0% ▲102.0% | 6.0% ▼55.9% | 13.5% |
| Net Profit | ₹1.79 Cr ▼58.9% | ₹4.35 Cr ▲19.8% | ₹3.63 Cr ▲95.2% | ₹1.86 Cr ▼53.4% | ₹3.99 Cr ▼1.2% | ₹4.04 Cr ▲201.5% | ₹1.34 Cr ▼59.8% | ₹3.33 Cr |
| EPS (₹) | 0.04 ▼55.6% | 0.09 ▲28.6% | 0.07 ▲75.0% | 0.04 ▼50.0% | 0.08 ▲0.0% | 0.08 ▲166.7% | 0.03 ▼57.1% | 0.07 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|
| Revenue | ₹184 Cr ▲21.1% | ₹152 Cr ▼7.3% | ₹164 Cr |
| Expenses | ₹166 Cr ▲22.1% | ₹136 Cr ▼9.3% | ₹150 Cr |
| Op. Profit | ₹18 Cr ▲12.5% | ₹16 Cr ▲14.3% | ₹14 Cr |
| OPM | 10.0% ▼9.1% | 11.0% ▲37.5% | 8.0% |
| Other Income | ₹1 Cr | ₹0 Cr ▼100.0% | ₹1 Cr |
| Interest | ₹1 Cr ▲0.0% | ₹1 Cr ▲0.0% | ₹1 Cr |
| Depreciation | ₹2 Cr ▲100.0% | ₹1 Cr | ₹0 Cr |
| PBT | ₹16 Cr ▲6.7% | ₹15 Cr ▲15.4% | ₹13 Cr |
| Tax % | 29.0% ▼3.3% | 30.0% ▲3.4% | 29.0% |
| Net Profit | ₹11 Cr ▲10.0% | ₹10 Cr ▲11.1% | ₹9 Cr |
| EPS (₹) | 0.23 ▲9.5% | 0.21 ▲10.5% | 0.19 |
| Div Payout | 0.0% | 0.0% | 0.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|
| Liabilities | ||||
| Equity Capital | ₹49 Cr ▲0.0% | ₹49 Cr ▲40.0% | ₹35 Cr ▲34.6% | ₹26 Cr |
| Reserves | ₹352 Cr ▲2.0% | ₹345 Cr ▼0.9% | ₹348 Cr ▲0.6% | ₹346 Cr |
| Borrowings | ₹6 Cr ▼40.0% | ₹10 Cr ▲11.1% | ₹9 Cr ▲80.0% | ₹5 Cr |
| Other Liabilities | ₹75 Cr ▲21.0% | ₹62 Cr ▲14.8% | ₹54 Cr ▲31.7% | ₹41 Cr |
| Total Liabilities | ₹482 Cr ▲3.7% | ₹465 Cr ▲4.5% | ₹445 Cr ▲6.5% | ₹418 Cr |
| Assets | ||||
| Fixed Assets | ₹350 Cr ▲0.0% | ₹350 Cr ▼0.3% | ₹351 Cr ▲1.2% | ₹347 Cr |
| CWIP | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other Assets | ₹132 Cr ▲14.8% | ₹115 Cr ▲22.3% | ₹94 Cr ▲32.4% | ₹71 Cr |
| Total Assets | ₹482 Cr ▲3.7% | ₹465 Cr ▲4.5% | ₹445 Cr ▲6.5% | ₹418 Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|
| Operating CF | ₹2 Cr ▲0.0% | ₹2 Cr ▲300.0% | ₹-1 Cr |
| Investing CF | ₹-1 Cr ▲83.3% | ₹-6 Cr | ₹0 Cr |
| Financing CF | ₹0 Cr ▼100.0% | ₹4 Cr ▲300.0% | ₹1 Cr |
| Net Cash Flow | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Free Cash Flow | ₹1 Cr ▲133.3% | ₹-3 Cr ▼200.0% | ₹-1 Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|
| Debtor Days | 85d ▲13.3% | 75d ▲33.9% | 56d |
| Inventory Days | 140d ▼2.1% | 143d ▲57.1% | 91d |
| Days Payable | 100d ▼11.5% | 113d ▲39.5% | 81d |
| Cash Conv. Cycle | 125d ▲19.0% | 105d ▲59.1% | 66d |
| Working Capital Days | 92d ▲9.5% | 84d ▲31.3% | 64d |
| ROCE | 4.0% ▲0.0% | 4.0% | — |
Source: Screener.in · Lower days = better efficiency
About Hardwyn India Limited
Incorporated in 2017, Hardwyn India Ltd is in the business of wholesale and retail trade of Architectural Hardware and Glass fittings, Kitchen Hardware, Accessories and Appliances[1]
Consumer Durables · Consumer Durables