HINDWAREAP · Hindware Home Innovation Ltd · Appliance & Tool
HINDWAREAP · Hindware Home Innovation Ltd · Appliance & Tool
As of 05 Nov close
52-week range
55.9% below 52-week high
52-week range: as of 05 Nov 2026 close.
Price chartDaily closes on the stock page.
Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.
Full signal detail →Fundamentals as of 15 Sep 2026 · the company's own latest record is 52 days old
Revenue (latest Q)
₹625 Cr
Revenue YoY
PAT YoY
+114.9%
Operating margin
Revenue, last 8 quarters
P/E (TTM)
P/B
2
P/S (TTM)
0.6
Sector P/E
31.7
Dividend yield
0.0%
| Company | P/E | P/B | Net margin | ROE | D/E | Div. yield |
|---|---|---|---|---|---|---|
| HINDWAREAP (this stock) | Not meaningful (earnings negative over the last 12 months) | 2 | -0.2% | -0.8% | 1.16 | 0.0% |
| LG Electronics India | 57.7 | 14.6 | +7.1% | +23.8% | 0.06 | 0.0% |
| Honeywell Automation India | 64.3 | 7.7 | +11.2% | +12.3% | 1.97 | +0.3% |
| Whirlpool Of India | 41.1 | 3 | +3.0% | +6.0% | 0.09 | +0.7% |
Promoter
stable
FII
rising 2q
MF
0.07% (-1.27pp)
falling 2q
Insider trades
No insider trades in the last 12 months.
Bulk/block deals
| canonicalSymbol | date | buy quantity | buyer count | deal strength | deal types present |
|---|---|---|---|---|---|
| HINDWAREAP | 2026-08-12 | 0 | 0 | STRONG | BULK |
| HINDWAREAP | 2026-06-12 | 659623 | 1 | WEAK | BULK |
News timeline
No related news.
Concalls & investor presentations
AI-generatedKey takeaway: Hindware Home Innovation Limited's investor presentation for Q1 FY27 reported a revenue of ₹531 crore, reflecting a decrease from ₹663 crore in Q4 FY26. The EBITDA for the quarter was ₹58 crore, with a PBT of ₹10 crore. The presentation highlighted a strong performance in the Bathware segment, with sales growing approximately 14% year-on-year to ₹387 crore, and an EBITDA of ₹46 crore. The Pipes & Fittings segment faced challenges, reporting a revenue of ₹119 crore, impacted by market volatility and competition. Management emphasized a diversified product portfolio and strategic initiatives aimed at enhancing market presence and operational efficiency. The company also discussed its Composite Scheme of Arrangement, which involves the demerger of its Consumer Products Business into a wholly-owned subsidiary. The presentation concluded with a focus on sustainability initiatives and a commitment to driving profitable growth across its segments.
The presentation conveyed both positive growth in certain segments and challenges faced in others.
Sourced from an exchange-filed presentation, dated 12 Aug 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: During the earnings conference call held on May 20, 2026, management reported that Hindware Home Innovation Limited achieved consolidated revenue of ₹2,510 crore for FY26, a slight decrease from ₹2,523 crore in FY25. EBITDA increased to ₹233 crore, reflecting a 27% year-on-year growth, with margins improving to 9%. For Q4 FY26, revenue was ₹663 crore, down from ₹699 crore in Q4 FY25, while EBITDA rose to ₹63 crore, up 23% year-on-year. Management highlighted a strategic shift to focus on kitchen appliances, leading to the discontinuation of several loss-making product categories. The Bathware business reported a 10% revenue growth for FY26, with EBITDA margins improving to 10.3%. Management noted challenges in the tiles business due to supply disruptions but expressed confidence in achieving 15% to 20% growth in FY27 across key segments. The company also discussed ongoing efforts to enhance operational efficiencies and reduce debt.
Management reported both growth achievements and challenges faced during the year.
Sourced from an exchange-filed transcript, dated 26 May 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: Hindware Home Innovation Limited's investor presentation detailed the audited standalone and consolidated financial results for the fourth quarter and fiscal year ending March 31, 2026. The presentation highlighted a 10% year-over-year sales growth in the Bathware business, with revenue reaching ₹1,520 crore, and a 30% increase in EBITDA. The company reported challenges in the Pipes & Fittings business due to raw material volatility and margin pressure, despite a new plant commencing operations. Management discussed a Composite Scheme of Arrangement for the demerger of its Consumer Products Business into a subsidiary, with plans for both entities to be listed on stock exchanges. The presentation emphasized the company's commitment to innovation, quality, and customer satisfaction, alongside a focus on operational efficiency and sustainability initiatives. The leadership team was introduced, showcasing extensive industry experience.
The presentation provided a balanced overview of financial performance and strategic initiatives without strong positive or negative emphasis.
Sourced from an exchange-filed presentation, dated 19 May 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: During the earnings conference call held on February 13, 2026, management reported that Hindware Home Innovation Limited achieved consolidated revenue of INR 1,848 crore for the first nine months of FY26, reflecting a year-on-year growth of 1%. EBITDA increased by 28% to INR 170 crore, with margins improving to 9%. For Q3 FY26, revenue was INR 640 crore, an 8% increase from the previous year, with EBITDA rising 38% to INR 52 crore. The Bathware segment reported a 10% revenue growth for the nine months, while the Consumer Appliances segment saw a 21% increase in Q3. Management noted strategic initiatives, including discontinuing high-loss product categories and focusing on kitchen appliances, which contributed to improved profitability. The Pipes business faced challenges due to resin price volatility but reported stabilization in prices. Management emphasized ongoing efforts to enhance market share and operational efficiency across segments.
Management highlighted growth in revenue and profitability across key segments.
Sourced from an exchange-filed transcript, dated 19 Feb 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: Hindware Home Innovation Limited submitted an investor presentation detailing its un-audited standalone and consolidated financial results for the third quarter and nine months ended December 31, 2025. The presentation highlighted the company's strong brand trust, extensive distribution network, and commitment to research and development. Management reported a composite scheme of arrangement approved by the board, involving the demerger of its consumer products business into a wholly owned subsidiary, HHIL Limited. Financial results indicated a revenue increase in various segments, with the bathware business showing significant growth. The company emphasized its focus on operational efficiency, product innovation, and enhanced customer engagement. Additionally, management outlined its environmental, social, and governance commitments, aiming for sustainable practices and community involvement. The presentation concluded with a summary of the board of directors and contact information for investor relations.
The presentation provided a balanced overview of the company's performance and strategic initiatives without strong positive or negative language.
Sourced from an exchange-filed presentation, dated 12 Feb 2026. Summary is RedixFi-generated and distinct from investment advice.
AI Summary of Annual Report
AI-generatedHindware Home Innovation Limited (HINDWAREAP) completed a Composite Scheme of Arrangement in FY2025-26, demerging its Consumer Products Business into HHIL Limited and amalgamating the remaining company into Hindware Limited. The company reported a net loss of ₹7,058.15 lakh for FY2025-26, with earnings per share at H -846.33. A significant concern is the subsidiary Evok Homes Private Limited (EVOK), which has negative net worth of H -555.38 lakh and is operating under a going concern assumption based on financial support from the Holding Company. The company also faces pending disputes related to service tax, sales tax, and GST, with outstanding amounts totaling ₹1,128.55 lakh. The auditor highlighted revenue recognition as a key audit matter due to complexities in determining sales prices and transfer of control.
- Completed Composite Scheme of Arrangement, demerging Consumer Products Business into HHIL Limited and amalgamating remaining operations into Hindware Limited.
- Reported net loss of ₹7,058.15 lakh for FY2025-26 with earnings per share at H -846.33.
- Subsidiary Evok Homes Private Limited (EVOK) has negative net worth of H -555.38 lakh and is operating under a going concern assumption based on financial support from the Holding Company.
- Pending disputes related to service tax, sales tax, and GST with outstanding amounts totaling ₹1,128.55 lakh.
- Auditor identified revenue recognition as a key audit matter due to complexities in determining sales prices and transfer of control.
Key takeaway: Hindware Home Innovation Limited faced a net loss in FY2025-26, significant risks from its subsidiary EVOK's negative net worth, and ongoing disputes over tax liabilities, highlighting liquidity and operational challenges.
The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.
Governance disclosures
AI-generatedNeeds attention
Auditor Qualification (1 item); Regulatory Action (1 item); Default / Covenant Breach (2 items)
Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.
Auditor Qualification
1 occurrenceRecent (last 12 months)
The auditors of the subsidiary company Evok Homes Private Limited (EVOK) have noted a material uncertainty regarding EVOK's going concern status, as EVOK has discontinued its business operations and has liabilities exceeding its assets by ₹555.38 lakh with a negative net worth as of 31 March 2026.
Regulatory Action
1 occurrenceRecent (last 12 months)
BSE Limited levied a fine of ₹99,120 on the Company for non-compliance with Regulation 17(1A) of Listing Regulations regarding the appointment of a Non-Independent Director above 75 years of age. The Company's application for waiver was rejected by BSE Limited on 11 February 2026.
Default / Covenant Breach
2 occurrencesRecent (last 12 months)
The company has undisputed statutory dues in arrears for more than six months as of 31 March 2026, including service tax under the Finance Act 1994 pending before the Hon'ble Supreme Court of India and various goods and service tax dues pending in different tribunals and appellate authorities.
Older (3+ years ago)
The company has undisputed statutory dues in arrears for more than six months as of March 31, 2023, including amounts under various tax statutes pending before courts and tribunals.
Routine disclosures
Contingent Liability
2 occurrencesRecent (last 12 months)
The company has a deemed equity contribution of ₹4,531.36 lakh as a provision for impairment of investments in Hintastica Private Limited, which is a contingent liability.
Older (3+ years ago)
The company has a contingent liability of ₹2,45,00,000 related to a letter of guarantee given for Hintastica Private Limited.
Related-Party Transaction
2 occurrencesRecent (last 12 months)
The company has a corporate guarantee of ₹2,500.00 lakh for a loan taken by its joint venture, Hintastica Private Limited, as of 31 March.
Older (3+ years ago)
Hindware Home Innovation Limited has disclosed related party transactions with AGI Greenpac Limited, including sale of goods, godown rent paid, management fees paid, purchase of PPE, and outstanding balances, for the years ended 31 March 2023 and 2022.
Management & Board Governance
1 occurrenceOlder (3+ years ago)
Mr. Rakesh Kaul, an Executive Director, resigned effective 5 April 2023. Mr. Girdhari Lal Sultania was appointed as a Non-Executive Non-Independent Director effective 8 February 2023.