Hindware Home Innovation Limited (HINDWAREAP) AI Stock Analysis

• Market Cap: ₹31.51B
• Dividend Yield: 0.12%
• Average Volume (3M): 21.88K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.35
• Revenue Growth: -7.26%
• EPS Growth: -408.66%
• Country: IN
• Employees: 398
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Furnishings, Fixtures & Appliances
• EPS (TTM): 0.59
• Shares Outstanding: 83,646,355
• 10 Day Avg. Volume: 38,981
• 30 Day Avg. Volume: 21,882
• PEG Ratio: 0.06
• Price to Book (P/B): 2.03
• Price to Sales (P/S): 0.63
• P/FCF Ratio: -155.68
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 47 Neutral
• Price Target: ₹322.00 ▼(-2.16% Downside)

The overall stock score is primarily impacted by financial performance challenges, including high leverage and declining revenue growth. Technical analysis indicates bearish momentum, and valuation metrics show profitability issues with a negative P/E ratio. These factors collectively suggest caution for potential investors.

Positive Factors

Strong Brand Presence

A strong brand presence and diversified product portfolio allow Hindware to capture a wide customer base, enhancing market position and supporting long-term revenue stability.

Innovation and Design Focus

Focusing on innovation and design helps Hindware differentiate its products, maintain competitive advantages, and align with consumer trends, supporting sustainable growth.

Sustainability and Wellness Products

Emphasizing sustainability and wellness products positions Hindware to capitalize on evolving consumer preferences, potentially driving future revenue growth and market expansion.

Negative Factors

High Leverage

High leverage can pose financial risks, limiting Hindware's financial flexibility and potentially impacting its ability to invest in growth opportunities.

Declining Revenue Growth

Declining revenue growth indicates potential market challenges and could impact Hindware's ability to sustain its competitive position and profitability over the long term.

Profitability Challenges

Profitability challenges, such as a negative net profit margin, can hinder Hindware's ability to reinvest in its business and sustain long-term growth.

Hindware Home Innovation Limited Business Overview & Revenue Model

Company Description

Hindware Home Innovation Limited (HINDWAREAP) is a leading player in the home improvement sector, primarily focused on the manufacturing and marketing of sanitary ware, faucets, and bathroom solutions. The company operates in various segments, including plumbing products, kitchen solutions, and wellness products, catering to both residential and commercial markets. With a strong emphasis on innovation and design, Hindware aims to enhance the living experience for its customers through high-quality and aesthetically pleasing products.

How the Company Makes Money

Hindware Home Innovation Limited generates revenue through multiple streams, primarily by selling its core products such as sanitary ware, faucets, and kitchen solutions through various distribution channels, including retail outlets, online marketplaces, and direct sales to builders and developers. The company benefits from a strong brand presence and a diversified product portfolio, which allows it to capture a wide customer base. Additionally, Hindware engages in strategic partnerships with retailers and distributors to expand its market reach. The company also leverages its innovation capabilities to introduce new products and features, thereby driving sales growth. Seasonal promotions and marketing campaigns further enhance revenue, while an increasing focus on sustainability and wellness products aligns with growing consumer trends, contributing positively to its earnings.

Hindware Home Innovation Limited Financial Statement Overview

Summary

Hindware Home Innovation Limited faces challenges with profitability and cash flow management. The company's high leverage and declining revenue growth are areas of concern. While the gross profit margin remains strong, operational and liquidity improvements are necessary for sustainable growth.

Income Statement

Hindware Home Innovation Limited has shown fluctuating revenue growth with a decline in recent years. The company reported a negative net profit margin in the latest period, indicating profitability challenges. The gross profit margin remains healthy, although EBIT and EBITDA margins have weakened, signifying a drop in operational efficiency.

Balance Sheet

The balance sheet reflects a high debt-to-equity ratio, suggesting significant leverage, which may pose financial risks. Stockholders' equity has increased, but total debt remains substantial. The equity ratio indicates moderate financial stability, but high liabilities could impact future growth.

Cash Flow

Cash flow analysis shows declining free cash flow with negative growth, indicating potential liquidity issues. The operating cash flow to net income ratio and free cash flow to net income ratio are not optimal, highlighting concerns about cash management and operational efficiency.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	24.74B	25.23B	27.41B	28.24B	22.69B	17.47B
Gross Profit	10.77B	4.79B	5.39B	12.36B	4.25B	5.48B
EBITDA	1.37B	1.54B	2.75B	2.81B	3.05B	1.61B
Net Income	-934.00M	-682.90M	257.81M	570.90M	2.02B	548.43M
Balance Sheet
Total Assets	0.00	25.28B	24.20B	23.03B	21.46B	10.39B
Cash, Cash Equivalents and Short-Term Investments	252.60M	252.60M	292.21M	91.99M	535.68M	332.45M
Total Debt	0.00	8.89B	10.46B	9.58B	3.74B	2.42B
Total Liabilities	-7.86B	17.42B	18.14B	17.20B	16.19B	7.09B
Stockholders Equity	7.86B	7.77B	5.98B	5.76B	5.26B	3.30B
Cash Flow
Free Cash Flow	0.00	-101.40M	573.53M	251.90M	1.86B	2.06B
Operating Cash Flow	0.00	1.92B	2.41B	2.21B	2.26B	2.34B
Investing Cash Flow	0.00	-2.15B	-2.19B	-7.05B	-1.24B	-516.20M
Financing Cash Flow	0.00	183.00M	-19.74M	4.67B	-831.69M	-1.78B

Hindware Home Innovation Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 329.10
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:HINDWAREAP, the sentiment is Neutral. The current price of 329.1 is below the 20-day moving average (MA) of 352.59, below the 50-day MA of 348.37, and above the 200-day MA of 273.45, indicating a neutral trend. The MACD of -6.37 indicates Positive momentum. The RSI at 42.12 is Neutral, neither overbought nor oversold. The STOCH value of 28.05 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:HINDWAREAP.

Hindware Home Innovation Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CARYSIL	73 Outperform	₹27.94B	39.47	―	0.24%	11.21%	22.23%
BUTTERFLY	66 Neutral	₹12.61B	30.94	―	―	7.32%	―
TTKPRESTIG	63 Neutral	₹88.08B	81.04	―	0.93%	4.48%	-49.18%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
IFBIND	57 Neutral	₹69.40B	54.69	―	―	12.08%	28.97%
STOVEKRAFT	55 Neutral	₹20.28B	44.66	―	0.48%	7.89%	32.07%
HINDWAREAP	47 Neutral	₹31.51B	-32.72	―	0.12%	-7.26%	-408.66%

Hindware Home Innovation Limited Corporate Events

Hindware Home Innovation’s Joint Venture Sells Manufacturing Assets to Ariston

Hindware Home Innovation Limited’s joint venture, Hintastica Private Limited, has entered into an asset sale agreement with Ariston Water Heating Products India Private Limited for the sale of its manufacturing assets in Telangana, India, for INR 116 crore. This strategic move allows Hintastica to transition to an asset-light model, enhancing operational flexibility and focusing on market development, product innovation, and expanding consumer reach while maintaining its presence in the water heater business.

Hindware Home Innovation Limited Holds 8th AGM, Highlights Strong Performance

Hindware Home Innovation Limited held its 8th Annual General Meeting on September 24, 2025, via video conferencing. The meeting, chaired by Independent Director Mr. Salil Kumar Bhandari in the absence of the Chairman, covered the company’s performance and key initiatives during the fiscal year 2024-25. The financial overview was presented by the CFO and CEO, Mr. Naveen Malik. The meeting confirmed that there were no qualifications in the auditors’ reports, and the company arranged a remote e-voting facility for its members.

Hindware Home Innovation Schedules Investor Meeting with Mahindra Manulife

Hindware Home Innovation Limited has announced a scheduled in-person meeting with Mahindra Manulife Investment Management Private Limited. This meeting, set for September 2, 2025, signifies the company’s proactive engagement with institutional investors, potentially impacting its market strategies and stakeholder relations.