Hindware Home Innovation Limited (IN:HINDWAREAP)
:HINDWAREAP
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Hindware Home Innovation Limited
(HINDWAREAP)
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Rating:48Neutral
Price Target:
₹252.00
▼(-3.80% Downside)
Action:Reiterated
Date:06/13/26
The score is held back primarily by deteriorated financial performance (recent losses and elevated leverage), partially offset by comparatively resilient cash generation and a rebound in free cash flow. Technicals are only modestly supportive due to negative MACD and trading below the 200-day average, while valuation is constrained by a negative P/E driven by losses.
Positive Factors
Brand and product diversification
The company sells across bathrooms, kitchens, pipes and home improvement under multiple brands (Hindware, EVOK). This multi-category footprint and brand recognition support cross-selling, broader distribution and resilience to single-segment downturns, underpinning stable demand over months.
Negative Factors
Consecutive revenue declines
Two years of falling revenue indicate weakening demand or market share pressure. Persisting top-line declines undermine operating leverage and margin recovery potential, making it harder to restore prior profitability levels without structural product, pricing or channel improvements.
Read all positive and negative factors
Positive Factors
Negative Factors
Brand and product diversification
The company sells across bathrooms, kitchens, pipes and home improvement under multiple brands (Hindware, EVOK). This multi-category footprint and brand recognition support cross-selling, broader distribution and resilience to single-segment downturns, underpinning stable demand over months.
Read all positive factors
Hindware Home Innovation Limited (HINDWAREAP) vs. iShares MSCI India ETF (INDA)
Market Cap
₹21.01B
Dividend Yield0.15%
Average Volume (3M)21.88K
Price to Earnings (P/E)―
Beta (1Y)1.48
Revenue Growth-0.50%
EPS Growth44.67%
CountryIN
Employees398
SectorConsumer Defensive
Sector Strength42
IndustryFurnishings, Fixtures & Appliances
Share Statistics
EPS (TTM)-9.24
Shares Outstanding83,646,355
10 Day Avg. Volume38,981
30 Day Avg. Volume21,882
Financial Highlights & Ratios
PEG Ratio0.79
Price to Book (P/B)1.99
Price to Sales (P/S)0.58
P/FCF Ratio22.74
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)8.97
Revenue Forecast (FY)₹28.70B
Hindware Home Innovation Limited Business Overview & Revenue Model
Company Description
Hindware Home Innovation Limited is an Indian company primarily involved in three core business segments: consumer appliances, retail, and building products. In the consumer appliance sector, their diverse offerings encompass kitchen essentials su...
How the Company Makes Money
Hindware Home Innovation Limited generates revenue primarily through the sale of its products and services in the bathroom, kitchen, and building material sectors. The company earns income through its wide distribution network, including retailers...
Hindware Home Innovation Limited Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
46
Neutral
Cash Flow
62
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 25.11B | 25.10B | 25.23B | 27.41B | 28.24B | 22.69B |
| Gross Profit | 9.38B | 5.20B | 4.79B | 5.39B | 12.36B | 4.25B |
| EBITDA | 1.58B | 1.98B | 1.54B | 2.75B | 2.81B | 3.05B |
| Net Income | -729.10M | -396.80M | -682.90M | 257.81M | 570.90M | 2.02B |
Balance Sheet | ||||||
| Total Assets | 25.32B | 24.52B | 25.28B | 24.20B | 23.03B | 21.46B |
| Cash, Cash Equivalents and Short-Term Investments | 239.50M | 386.30M | 252.60M | 292.21M | 91.99M | 535.68M |
| Total Debt | 9.10B | 8.56B | 8.89B | 10.46B | 9.58B | 3.74B |
| Total Liabilities | 17.69B | 17.05B | 17.42B | 18.14B | 17.20B | 16.19B |
| Stockholders Equity | 7.53B | 7.37B | 7.77B | 5.98B | 5.76B | 5.26B |
Cash Flow | ||||||
| Free Cash Flow | 42.60M | 643.70M | -101.40M | 573.53M | 251.90M | 1.86B |
| Operating Cash Flow | 851.30M | 1.92B | 1.92B | 2.41B | 2.21B | 2.26B |
| Investing Cash Flow | -796.10M | -1.30B | -2.15B | -2.19B | -7.05B | -1.24B |
| Financing Cash Flow | -192.90M | -533.00M | 183.00M | -19.74M | 4.67B | -831.69M |
Hindware Home Innovation Limited Technical Analysis
Positive
261.95
Price Trends
223.71
Positive
220.78
Positive
269.76
Negative
Market Momentum
6.36
Negative
61.52
Neutral
66.96
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:HINDWAREAP, the sentiment is Positive. The current price of 261.95 is above the 20-day moving average (MA) of 231.07, above the 50-day MA of 223.71, and below the 200-day MA of 269.76, indicating a neutral trend. The MACD of 6.36 indicates Negative momentum. The RSI at 61.52 is Neutral, neither overbought nor oversold. The STOCH value of 66.96 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:HINDWAREAP.
Hindware Home Innovation Limited Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹11.63B | 25.53 | ― | ― | 9.09% | 40.29% | |
65 Neutral | ₹73.79B | 45.80 | ― | 0.97% | 9.53% | 43.49% | |
64 Neutral | ₹35.20B | 35.88 | ― | 0.26% | 13.29% | 51.61% | |
64 Neutral | ₹52.27B | 36.37 | ― | ― | 10.37% | 20.73% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
55 Neutral | ₹22.82B | 54.16 | ― | 0.50% | 10.87% | 8.93% | |
48 Neutral | ₹21.01B | -52.90 | ― | 0.15% | -0.50% | 44.67% |
* Consumer Defensive Sector Average
IN:HINDWAREAP
Hindware Home Innovation Limited
251.15
-31.95
-11.29%
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Hindware Home Innovation Limited Corporate Events
Hindware Home Innovation Lifts Stake in Hintastica to 96.6% via Rights Issue
Jun 4, 2026
Hindware Home Innovation Limited has increased its stake in Hintastica Private Limited to 96.6% following the allotment of 15,000,000 equity shares to the company via a rights issue approved by HPL’s board on 4 June 2026. This transaction si...
Hindware Promoters Declare No Share Encumbrance for FY 2025-26
May 7, 2026
Hindware Home Innovation Limited’s promoter Sandip Somany has informed Indian stock exchanges that he, along with other promoters and persons acting in concert, did not create any encumbrance on their shareholding during the financial year e...
Hindware Home Innovation Confirms Full Compliance on Dematerialized Shares for Q4 FY26
Apr 8, 2026
Hindware Home Innovation Limited has certified that all securities dematerialized between January 1 and March 31, 2026 have been duly reported to National Securities Depository Limited, Central Depository Services (India) Limited, and all stock ex...
Hindware Home Innovation Shuts Trading Window Ahead of FY26 Results
Mar 24, 2026
Hindware Home Innovation Limited has announced the closure of its trading window for dealing in the company’s shares from 1 April 2026 until 48 hours after the declaration of its audited financial results for the quarter and financial year e...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.