Hindware Home Innovation Limited (HINDWAREAP) AI Stock Analysis

• Market Cap: ₹20.82B
• Dividend Yield: 0.15%
• Average Volume (3M): 21.88K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.52
• 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: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 47 Neutral
• Price Target: ₹322.00 ▲(22.92% Upside)

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 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: Negative
• Last Price: 261.95
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Positive
• STOCH: 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 below the 20-day moving average (MA) of 265.01, below the 50-day MA of 308.06, and below the 200-day MA of 283.80, indicating a bearish trend. The MACD of -12.57 indicates Negative momentum. The RSI at 29.61 is Positive, neither overbought nor oversold. The STOCH value of 19.06 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CARYSIL	73 Outperform	₹22.92B	28.25	―	0.26%	11.21%	22.23%
BUTTERFLY	66 Neutral	₹11.21B	26.94	―	―	7.32%	―
TTKPRESTIG	63 Neutral	₹83.64B	76.96	―	0.97%	4.48%	-49.18%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
IFBIND	57 Neutral	₹58.89B	45.50	―	―	12.08%	28.97%
STOVEKRAFT	55 Neutral	₹19.06B	41.96	―	0.50%	7.89%	32.07%
HINDWAREAP	47 Neutral	₹20.82B	-27.35	―	0.15%	-7.26%	-408.66%

Hindware Home Innovation Limited Corporate Events

Hindware Home Innovation to Engage with Analysts and Investors in Mumbai

Hindware Home Innovation Limited announced that its management will engage in in-person meetings with analysts and institutional investors in Mumbai on December 2nd and 3rd, 2025. These meetings, which include one-on-one discussions with Capri Global Family Office and Lakshya Capital Ventures Private Limited, are part of the company’s efforts to maintain transparency and strengthen investor relations.

Hindware Home Innovation Schedules Investor Meetings in Mumbai

Hindware Home Innovation Limited announced that its management will conduct in-person meetings with analysts and institutional investors in Mumbai on December 2nd and 3rd, 2025. These meetings, which include one-on-one sessions with Capri Global Family Office and Lakshya Capital Ventures Private Limited, are part of the company’s ongoing engagement with stakeholders to discuss its strategic initiatives and future outlook.

Hindware Home Innovation Releases Q2 & H1 FY26 Earnings Call Transcript

Hindware Home Innovation Limited has released the transcript of its earnings conference call held on November 12, 2025, discussing the financial results for the second quarter and half-year ending September 30, 2025. This announcement provides stakeholders with insights into the company’s financial performance and strategic direction, reinforcing its commitment to transparency and investor communication.

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.