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Prices as of 9 Oct 2026 close · Not investment advice

Hardwyn India Limited

NSE: HARDWYNFurniture, Home Furnishing

Share price

₹9.19

+0.66% close of 9 Oct 2026

Market cap ₹628 CrP/E 50.8

Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 8 Oct 2026, the close above is 9 Oct 2026.

Business score

How strong the business is, in one number. The parts behind it are in Pro.

55

out of 100 · worked out 9 Oct 2026

How the business score works

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹628 Cr

P/E ratio

50.8

P/B ratio

1.5

ROCE

4.8%

ROE

3.3%

Dividend yield

0.0%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 9 Oct 2026 close52-week high ₹19.4952-week low ₹8.62

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Our sales figures for this company step up at Mar 2020 and we hold nothing that says why, so we cannot honestly quote a growth rate across it.

Whether it grew faster than its sector

Our sales figures for this company step up at Mar 2020 and we hold nothing that says why, so there is no honest growth rate of its own to set against its sector.

Room to re-rate, or risk of de-rating

At 50.8× earnings it costs 2.1× the market, which pays 24.1× across 2199 companies we can price. Its own industry sits at 40.2×, across 5 companies. It is against its own five-year median of 90.4×, the 14th percentile of its own range.

Whether growth justifies the valuation

Priced at 4.2 times its growth rate, on earnings growth of 12%.

Profit growthPrice per ₹1 profitPer 1% growth
Hardwyn India Limited — this one12%/yr50.8×₹4.2
Sheela Foam Limited-7%/yr32.7×—
Wakefit Innovations Limited49%/yr22.5×₹0.46
Responsive Industries Limited82%/yr40.2×₹0.49
Parin Enterprises Limited31%/yr118.5×₹3.8
Stanley Lifestyles Limited-24%/yr88.2×—

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Furniture, Home Furnishing), it ranks 7 of 9 on returns, 2 of 9 on growth, 5 of 9 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

No durable advantage shows in the numbers: it earns 4.8% on capital, ahead of 22% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

Yes — Over the 4 years of cash statements on file it made ₹10 crore of cash from the business, spent ₹8 crore on plant and equipment, and returned ₹0 crore to lenders and shareholders.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

7 of 10 checks clear · 70%

How the profit check works

Latest result · Q4 FY26

What the last results showed. Whether management kept its word is in Pro.

Standalone revenue was ₹46.41 crore and net profit was ₹3.42 crore for Q4 FY26.

Announced 26 Aug 2026 · Standalone · Audited

Revenue

₹46 Cr

Net profit

₹3 Cr

EPS

₹0.07

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹628 Cr
Prev close
₹9.19
52w High
₹20.2
52w Low
₹7.6
Enterprise value
₹632 Cr
Beta
0.7
Price CAGR 1y
-5.0%
Price CAGR 3y
-21.0%
Price CAGR 5y
35.0%
Price CAGR 10y
—

Ratios

Return on assets
2.8%
PEG ratio
4.2
P/E ratio
50.8
P/B ratio
1.5
EV / EBITDA
31.6
Industry P/E
50.8
ROCE
4.8%
ROCE 5y average
4.3%
ROE
3.3%
Debt / Equity
0.0
Interest coverage
20.0
Dividend yield
0.0%
ROE 3y average
3.0%
ROE last year
3.0%

Annual P&L

Annual revenue
₹200 Cr
Annual profit
₹13 Cr
Operating margin
11.0%
Net profit margin
6.5%
EBITDA margin
10.5%
Sales growth 3y
6.8%
Sales growth 5y
—
Profit growth 3y
12.0%
Profit growth 5y
—
EPS
₹0.2
Sales growth TTM
3.0%
Profit growth TTM
-9.0%
Dividend payout
0.0%

Quarter P&L

Sales latest quarter
₹35 Cr
Profit latest quarter
₹3 Cr
YoY quarterly sales growth
-19.4%
YoY quarterly profit growth
-22.9%
OPM latest quarter
13.0%

Balance Sheet

Book Value
₹5.9
Face Value
₹1.0
Total debt
₹6 Cr
Total cash
₹2 Cr
Borrowings
₹6 Cr
Reserves / Equity
7.3

Cash Flow

Operating cash flow
₹7 Cr
Free cash flow
₹5 Cr
FCF yield
0.6%
Net cash flow
₹0 Cr

Shareholding

Promoter holding
43.8%
FII holding
0.3%
DII holding
—
Public holding
55.5%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
Sheela Foam620.0533.36,7710.1662.3769.21,031.925.66.1
Wakefit Innovati134.4222.74,4580.0023.419.2404.916.610.9
Responsive Ind159.7341.84,2590.062.7-94.5192.9-43.110.8
Safe Enterprises260.4518.91,2140.0030.640.9106.031.647.1
Parin Enterpris.704.30121.37830.004.3-32.4139.06.510.7
Stanley Lifesty.135.00111.67710.000.7-92.999.4-8.66.4
Hardwyn India9.1750.76270.002.8-22.934.6-19.44.8
Transteel Seatin82.459.22060.0012.252.461.312.921.1
Median135.0023.27710.004.340.499.412.910.8

Competes with: Ahlada Engineers Limited, BirlaNu Limited, Euro Pratik Sales Limited, Lexus Granito (India) Limited, Parin Enterprises Limited, Priti International Limited, Responsive Industries Limited, Sheela Foam Limited, Stanley Lifestyles Limited, Wakefit Innovations Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales37324044415246464351495735
Expenses35303338384540433744465130
Material Cost1.690.561.230.970.860.90
Change in Inventories-0.74-1.82-0.40-0.979.60-5.32
Purchases of Stock-in-Trade393741443933
Employee Cost1.491.101.161.171.261.10
Other Expenses1.240.490.631.101.060.74
Operating Profit1.592.276.655.972.446.226.402.985.696.783.025.734.50
OPM %4.317.1117145.9612146.5313136.151013
Other Income0.200.080.070.150.030.090.260.390.050.030.140.320.03
Exceptional items (within Other Income)000000
Interest0.160.200.510.300.160.160.590.290.170.200.230.500.31
Depreciation0.070.070.140.940.420.450.440.450.410.460.470.510.51
Profit before tax1.562.086.074.881.895.705.632.635.166.152.465.043.71
Tax %29292932292929292929273224
Net Profit1.111.484.313.331.344.043.991.863.634.351.793.432.80
EPS in Rs0.020.020.060.050.020.060.060.030.050.060.030.050.04
Diluted EPS in Rs0.040.070.090.040.070.06

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2023Mar 2024Mar 2025Mar 2026TTM
Sales164153185200192
Expenses150136166179171
Material Cost4.943.61
Change in Inventories-9.766.40
Purchases of Stock-in-Trade163161
Employee Cost4.644.69
Other Expenses3.603.28
Operating Profit1416182120
OPM %811101110
Other Income10111
Exceptional items (within Other Income)00
Interest111.2011
Depreciation01.211.7622
Profit before tax1315161917
Tax %29302930
Net Profit910111312
EPS in Rs0.140.150.160.190.18
Diluted EPS in Rs0.230.27
Dividend Payout %0000

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
—
5 years
—
3 years
7%
TTM
3%

Compounded profit growth

10 years
—
5 years
—
3 years
12%
TTM
-9%

Stock price CAGR

10 years
—
5 years
35%
3 years
-21%
1 year
-5%

Return on equity

10 years
—
5 years
—
3 years
3%
Last year
3%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 2023Mar 2024Mar 2025Mar 2026
Equity Capital26354949
Reserves346348345357
Borrowings59106
Other Liabilities41546253
Minority Interest5.27
Total Liabilities418445465466
Fixed Assets347351350351
CWIP0000
Investments0000
Other Assets7194115115
Total Assets418445465466

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-121.567
Cash from Investing Activity-0-6-1-3
Cash from Financing Activity14-0-5
Net Cash Flow0000
Free Cash Flow-1-315

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 2023Mar 2024Mar 2025Mar 2026
Debtor Days56758584
Inventory Days91143140112
Days Payable8111310081
Cash Conversion Cycle66105125115
Working Capital Days648492107
ROCE %445

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 31 Jul 2026
Line itemDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Jul 2026
Promoters444444444444444444444444
FIIs0.460.460.460.480.070.910.010.010.630.640.220.31
Government00000.460.460.460.460.460.460.460.46
Public565656565655565655555655
No. of Shareholders23,74332,19434,48036,43659,25060,24058,40755,80353,04849,21846,80451,182

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year -4.9% (₹9.66 → ₹9.19)Brick size ₹0.43 (fixed)Bricks 69
₹10.00₹15.00₹9.19Nov '25Jan '26Mar '26May '26Jul '26
Price moved up one brickPrice moved down one brickLast close ₹9.19 on 9 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

4.00inr_cr

2026-03-31

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

News

News and filings about Hardwyn India Limited. Open one to see why it matters.

No recent news for this company.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Uses as raw material

  • PVC / plastic compounds (plastic profiles)
  • aluminium extrusion profiles
  • brass (Cu-Zn, die-cast handles, in-house casting factory)
  • float / toughened glass (patch fittings, shower enclosures)
  • stainless steel (SS304/316) for railings & balustrades
  • zinc / Zamak (die-cast handles & fittings, in-house casting factory)

Depends on the price of

  • aluminium
  • copper
  • zinc

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Consumer Durables
Industry
Furniture, Home Furnishing
Classification
Consumer Durables › Furniture, Home Furnishing
ISIN
INE626Z01029

Business segments

  • Architectural hardware and Kitchen fittings · 89%
  • Aluminium and Allied Products · 11%

Plants

  • In-house casting factory & finishing plant

News impact

Big market events that reach Hardwyn India Limited, and how the effect spreads.

No recent market events reach this company.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

28 Jul 2026bonus₹0
27 Dec 2024bonus₹0
5 Jun 2023split₹0
5 Jun 2023bonus₹0
25 Jul 2022bonus₹0

Splits, bonuses & buybacks

  • daily-prices repair: 7 rows from NSE's archive (replace 2, delete 0, insert 5), 2023-11-12..2026-02-01 (docs/flat_day_repair.md)1× · 12 Nov 2023

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.