Hindware Home Innovation Limited (HINDWAREAP) AI Stock Analysis

• Market Cap: ₹31.51B
• Dividend Yield: 0.1%
• Average Volume (3M): 21.88K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.35
• Revenue Growth: -11.30%
• EPS Growth: -506.10%
• Country: IN
• Employees: 398
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Furnishings, Fixtures & Appliances
• EPS (TTM): -3.48
• 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: 58 Neutral
• Price Target: ₹323.00 ▼(-12.82% Downside)

Hindware Home Innovation Limited's stock score is primarily impacted by its financial performance challenges, including high leverage and declining revenue growth. Despite strong technical momentum, the negative P/E ratio and low dividend yield weigh down the overall valuation.

Hindware Home Innovation Limited Business Overview & Revenue Model

Company Description

Hindware Home Innovation Limited engages in the consumer appliances, retail, and building products business in India. It offers chimneys, cooking range, food waste disposers, built-in microwaves, food sanitizers, built-in ovens, built-in hobs, cooktops, dishwashers, water purifiers and kitchen sinks; storage, instant, gas, heat pump water heaters; desert, personal, tower, window, IOT enabled, and foldable air coolers; water purifiers under the moonbow brand; ceiling fans; and hinges, ball bearing and excel bottom mounted drawer channels, and Ten, Uniplus, and Unilux drawer system and aerolift liftups. The company is also involved in the retail sale and distribution of wood furniture, soft furnishings, home decor, and accessories, as well as wall fashion, modular kitchens, wardrobes, decorative lightings, under the Evok brand. In addition, it sells and distributes building products consisting of sanitary ware, including water closets, wash basins, bidets, squatting pans, and urinals; faucets, such as showers, bathroom, kitchen, and sensor faucets, and thermostats; wellness products comprising bath-tubs, shower panels, shower enclosures, vanity, whirlpools, and steam generators; glazed vitrified, ceramic, full-body vitrified, super-slim, cladding, and parking tiles; plastic pipes and fittings, which include CPVC, UPVC, PVC, and SWR column pipes and overhead water storage tanks; and allied products, such as concealed cisterns, seat covers, and PVC cisterns. The company was formerly known as Somany Home Innovation Limited and changed its name to Hindware Home Innovation Limited in May 2022. Hindware Home Innovation Limited was incorporated in 2017 and is based in Gurugram, India.

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: Positive
• Last Price: 370.50
• 50DMA: Positive
• 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 Positive. The current price of 370.5 is above the 20-day moving average (MA) of 363.46, above the 50-day MA of 342.71, and above the 200-day MA of 265.61, indicating a bullish trend. The MACD of 9.33 indicates Positive momentum. The RSI at 57.80 is Neutral, neither overbought nor oversold. The STOCH value of 53.06 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CARYSIL	73 Outperform	₹27.94B	39.47	―	0.25%	13.19%	7.38%
STOVEKRAFT	69 Neutral	₹22.11B	48.70	―	0.45%	7.89%	32.07%
IFBIND	67 Neutral	₹75.09B	59.17	―	―	12.08%	28.97%
BUTTERFLY	66 Neutral	₹13.38B	32.81	―	―	7.32%	―
TTKPRESTIG	63 Neutral	₹91.47B	84.16	―	0.90%	4.48%	-49.18%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
HINDWAREAP	58 Neutral	₹31.51B	-32.72	―	0.10%	-11.30%	-506.10%

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.