Hindware Home Innovation Limited (IN:HINDWAREAP)
:HINDWAREAP
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Hindware Home Innovation Limited
(HINDWAREAP)
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Rating:48Neutral
Price Target:
₹180.00
▼(-31.28% Downside)
Action:ReiteratedDate:01/14/26
Overall score is held back primarily by weak technical momentum (price below key moving averages with very low RSI/Stoch and negative MACD) and pressured fundamentals (negative profitability and deteriorating free cash flow with high leverage). Valuation provides limited support due to negative earnings and a low dividend yield.
Positive Factors
Strong brand portfolio and product diversity
Hindware’s multi-brand, multi-category footprint (sanitary ware, faucets, kitchen appliances, EVOK furniture) provides durable revenue diversification and cross-sell opportunities across retail and project channels. Strong brand recognition supports pricing power and long-term customer loyalty across housing cycles.
Negative Factors
Negative net profit margin and falling operating margins
Persistent negative net margins and deteriorating EBIT/EBITDA signal structural profitability issues. If operating efficiency does not improve, the company will struggle to generate earnings, limiting internal reinvestment, strategic initiatives, and capacity to fund growth without external capital.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong brand portfolio and product diversity
Hindware’s multi-brand, multi-category footprint (sanitary ware, faucets, kitchen appliances, EVOK furniture) provides durable revenue diversification and cross-sell opportunities across retail and project channels. Strong brand recognition supports pricing power and long-term customer loyalty across housing cycles.
Read all positive factors
Hindware Home Innovation Limited (HINDWAREAP) vs. iShares MSCI India ETF (INDA)
Market Cap
₹15.24B
Dividend Yield0.15%
Average Volume (3M)21.88K
Price to Earnings (P/E)157.2
Beta (1Y)1.51
Revenue Growth-7.26%
EPS Growth-408.66%
CountryIN
Employees398
SectorConsumer Defensive
Sector Strength42
IndustryFurnishings, Fixtures & Appliances
Share Statistics
EPS (TTM)0.42
Shares Outstanding83,646,355
10 Day Avg. Volume38,981
30 Day Avg. Volume21,882
Financial Highlights & Ratios
PEG Ratio0.06
Price to Book (P/B)2.03
Price to Sales (P/S)0.63
P/FCF Ratio-155.68
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)1.77
Revenue Forecast (FY)₹26.01B
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
62
Positive
Balance Sheet
55
Neutral
Cash Flow
48
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 25.11B | 25.23B | 27.41B | 28.24B | 22.69B | 17.47B |
| Gross Profit | 9.38B | 4.79B | 5.39B | 12.36B | 4.25B | 5.48B |
| EBITDA | 1.58B | 1.54B | 2.75B | 2.81B | 3.05B | 1.61B |
| Net Income | -729.10M | -682.90M | 257.81M | 570.90M | 2.02B | 548.43M |
Balance Sheet | ||||||
| Total Assets | 25.32B | 25.28B | 24.20B | 23.03B | 21.46B | 10.39B |
| Cash, Cash Equivalents and Short-Term Investments | 239.50M | 252.60M | 292.21M | 91.99M | 535.68M | 332.45M |
| Total Debt | 9.10B | 8.89B | 10.46B | 9.58B | 3.74B | 2.42B |
| Total Liabilities | 17.69B | 17.42B | 18.14B | 17.20B | 16.19B | 7.09B |
| Stockholders Equity | 7.53B | 7.77B | 5.98B | 5.76B | 5.26B | 3.30B |
Cash Flow | ||||||
| Free Cash Flow | 42.60M | -101.40M | 573.53M | 251.90M | 1.86B | 2.06B |
| Operating Cash Flow | 851.30M | 1.92B | 2.41B | 2.21B | 2.26B | 2.34B |
| Investing Cash Flow | -796.10M | -2.15B | -2.19B | -7.05B | -1.24B | -516.20M |
| Financing Cash Flow | -192.90M | 183.00M | -19.74M | 4.67B | -831.69M | -1.78B |
Hindware Home Innovation Limited Technical Analysis
Negative
261.95
Price Trends
220.67
Negative
263.15
Negative
285.48
Negative
Market Momentum
-12.72
Positive
36.43
Neutral
25.35
Neutral
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 202.50, above the 50-day MA of 220.67, and below the 200-day MA of 285.48, indicating a bearish trend. The MACD of -12.72 indicates Positive momentum. The RSI at 36.43 is Neutral, neither overbought nor oversold. The STOCH value of 25.35 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
68 Neutral | ₹10.84B | 26.88 | ― | ― | 7.32% | ― | |
68 Neutral | ₹22.48B | 30.32 | ― | 0.26% | 11.21% | 22.23% | |
63 Neutral | ₹38.42B | 66.01 | ― | ― | 12.08% | 28.97% | |
63 Neutral | ₹60.40B | 64.27 | ― | 0.97% | 4.48% | -49.18% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
61 Neutral | ₹15.74B | 114.54 | ― | 0.50% | 7.89% | 32.07% | |
48 Neutral | ₹15.24B | 157.19 | ― | 0.15% | -7.26% | -408.66% |
* Consumer Defensive Sector Average
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Hindware Home Innovation Limited Corporate Events
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...
Hindware Home Innovation Moves Ahead on Group Restructuring with Creditor Meeting for Subsidiary
Feb 4, 2026
Hindware Home Innovation Limited has announced that, following directions from the National Company Law Tribunal’s Kolkata Bench, an in‑person meeting of the unsecured creditors of its subsidiary Hindware Limited will be held on 7 Marc...
Hindware Home Innovation Sets March 7 Shareholders’ Meet on Composite Scheme of Arrangement
Feb 4, 2026
Hindware Home Innovation Limited has scheduled a physical meeting of its equity shareholders on 7 March 2026 in Kolkata to consider and approve, with or without modifications, a Composite Scheme of Arrangement involving Hindware Home Innovation Li...
Hindware Home Innovation Calls NCLT-Directed Meeting of Unsecured Creditors on Restructuring Scheme
Feb 4, 2026
Hindware Home Innovation Limited has called a physical meeting of its unsecured creditors on 7 March 2026 in Kolkata, as directed by the National Company Law Tribunal, Kolkata Bench, to consider and vote on a Composite Scheme of Arrangement involv...
Hindware Home Innovation Gets NCLT Nod to Convene Meetings on Corporate Restructuring Scheme
Jan 16, 2026
Hindware Home Innovation Limited has received an order from the National Company Law Tribunal (NCLT), Kolkata Bench, directing the company, along with HHIL Limited and Hindware Limited, to convene meetings of shareholders and creditors to consider...
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.