Hindware Home Innovation Limited (IN:HINDWAREAP)
:HINDWAREAP
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Hindware Home Innovation Limited
(HINDWAREAP)
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Rating:46Neutral
Price Target:
₹211.00
▼(-19.45% Downside)
Action:Reiterated
Date:05/21/26
The score is held back primarily by weak financial performance (recent revenue declines, net losses, and elevated leverage), partially offset by comparatively solid operating cash flow and improved FY2026 free cash flow. Technicals are mixed with some near-term stabilization signals but a still-weak longer-term trend, while valuation is a major negative due to the very high P/E and lack of dividend support.
Positive Factors
Operating cash flow strength
Consistent operating cash generation and a rebound to positive free cash flow provide durable liquidity to fund operations, service debt, and invest in product or distribution expansion. This recurring cash capability supports flexibility despite near-term profit volatility.
Negative Factors
Declining revenue and losses
Sustained top-line declines coupled with consecutive net losses erode reinvestment capacity and margin leverage. Structural revenue weakness reduces pricing power, pressures margins and cash conversion, and forces reliance on non-operational fixes unless product or channel strategy reverses the trend.
Read all positive and negative factors
Positive Factors
Negative Factors
Operating cash flow strength
Consistent operating cash generation and a rebound to positive free cash flow provide durable liquidity to fund operations, service debt, and invest in product or distribution expansion. This recurring cash capability supports flexibility despite near-term profit volatility.
Read all positive factors
Hindware Home Innovation Limited (HINDWAREAP) vs. iShares MSCI India ETF (INDA)
Market Cap
₹17.99B
Dividend Yield0.15%
Average Volume (3M)21.88K
Price to Earnings (P/E)157.2
Beta (1Y)1.42
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 Ratio-1.20
Price to Book (P/B)3.65
Price to Sales (P/S)4.07
P/FCF Ratio646.37
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)10.83
Revenue Forecast (FY)₹29.34B
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, coo...
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
Negative
261.95
Price Trends
210.13
Positive
225.71
Negative
274.41
Negative
Market Momentum
1.13
Positive
47.75
Neutral
15.80
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:HINDWAREAP, the sentiment is Negative. The current price of 261.95 is above the 20-day moving average (MA) of 223.25, above the 50-day MA of 210.13, and below the 200-day MA of 274.41, indicating a neutral trend. The MACD of 1.13 indicates Positive momentum. The RSI at 47.75 is Neutral, neither overbought nor oversold. The STOCH value of 15.80 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 | ₹11.94B | 23.15 | ― | ― | 9.09% | 40.29% | |
68 Neutral | ₹29.11B | 30.32 | ― | 0.26% | 11.53% | 43.21% | |
63 Neutral | ₹42.36B | 66.01 | ― | ― | 12.52% | 6.89% | |
63 Neutral | ₹74.36B | 64.27 | ― | 0.97% | 7.67% | -60.52% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
55 Neutral | ₹18.03B | 35.74 | ― | 0.50% | 10.87% | 8.93% | |
46 Neutral | ₹17.99B | 157.19 | ― | 0.15% | -0.50% | 44.67% |
* Consumer Defensive Sector Average
IN:HINDWAREAP
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Hindware Home Innovation Limited Corporate Events
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...
Hindware Home Innovation Advances Composite Scheme of Arrangement with Creditor and Shareholder Meetings
Mar 7, 2026
Hindware Home Innovation Limited announced that meetings of the unsecured creditors of its subsidiary Hindware Limited, the unsecured creditors of Hindware Home Innovation, and its equity shareholders were duly convened on March 7, 2026, in Kolkat...
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.