Hindware Home Innovation Ltd.

NSE: HINDWAREAP BSE: 542905 SECTOR: Consumer Durables - Domestic Appliances  42k   246   21

422.75
-0.50 (-0.12%)
NSE: Today, 03:49 PM

Price Summary

Today's High

₹ 430.55

Today's Low

₹ 414.9

52 Week High

₹ 482

52 Week Low

₹ 263

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyOptimal
The company could improve upon its asset employment.
FinancialsWeak
Watch out! The company might not be able to sustain any adverse condition.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

3056.33 Cr.

Enterprise Value

3213.55 Cr.

No. of Shares

7.23 Cr.

P/E

174.55

P/B

22.74

Face Value

₹ 2

Div. Yield

0.12 %

Book Value (TTM)

₹  18.59

CASH

2.67 Cr.

DEBT

159.9 Cr.

Promoter Holding

51.32 %

EPS (TTM)

₹  2.42

Sales Growth

-2.35%

ROE

11.28 %

ROCE

13.28%

Profit Growth

-31.95 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

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* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

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Ratios

Sales Growth

1 Year-2.35%
3 Year7.39%
5 YearNA

Profit Growth

1 Year-31.95%
3 Year38.82%
5 YearNA

ROE%

1 Year11.28%
3 Year13.66%

ROCE %

1 Year13.28%
3 Year14.3%

Debt/Equity

1.3784

Price to Cash Flow

-52.36

Interest Cover Ratio

2.06432507056837

CFO/PAT (5 Yr. Avg.)

0

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2022 51.32 0
Sep 2022 51.32 0
Jun 2022 51.32 0
Mar 2022 51.32 0
Dec 2021 51.32 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 38.8203312310809% for the Past 3 years.
  • The company has an efficient Cash Conversion Cycle of 77.5004504238295 days.
  • The company has a high promoter holding of 51.32%.
  • The company has a strong degree of Operating leverage, Average Operating leverage stands at 15.7015447174602.

 Limitations

  • The company has shown a poor revenue growth of 7.39372703990253% for the Past 3 years.
  • Company has negative cash flow from operations of -58.3714.
  • The company has a low EBITDA margin of 0% over the past 5 years.
  • The company is trading at a high PE of 174.55.
  • The company is trading at a high EV/EBITDA of 53.1729.

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
Net Sales 130.9 150.77 134.96 142.66 138.8
Total Expenditure 121.79 144.1 134.38 138.81 131.05
Operating Profit 9.11 6.67 0.58 3.85 7.75
Other Income 26.5 2.31 3.23 31.88 3.86
Interest 4.23 3.72 4.37 4.69 4.78
Depreciation 3.43 3.68 3.76 4.15 4.42
Exceptional Items 0 0 0 0 0
Profit Before Tax 27.95 1.58 -4.32 26.89 2.41
Tax 9.24 0.76 -2.65 9.65 1.29
Profit After Tax 18.71 0.82 -1.67 17.24 1.12
Adjusted EPS (Rs) 2.59 0.11 -0.23 2.38 0.15

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022
Net Sales 396.64 451.44 503.11 491.28
Total Expenditure 412.06 443 475.97 478.62
Operating Profit -15.42 8.44 27.15 12.66
Other Income 0.61 29.06 4.49 34.95
Interest 8.23 13.13 14.94 16.23
Depreciation 5.54 21.83 15.38 14.11
Exceptional Items 0 0 34.75 0
Profit Before Tax -28.59 2.54 36.07 17.27
Tax -9.8 -6.24 17.42 4.58
Net Profit -18.79 8.78 18.65 12.69
Adjusted EPS (Rs.) 0 1.21 2.58 1.76

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity and Liabilities
Share Capital 0 14.46 14.46 14.46
Total Reserves 82.32 76.59 94.56 101.54
Borrowings 15 14.25 22.75 27.5
Other N/C liabilities -24.5 14.05 0.9 41.17
Current liabilities 185.56 244.68 288.76 299.33
Total Liabilities 258.38 364.03 421.43 484
Assets
Net Block 25.42 79.09 49.1 86.4
Capital WIP 3.8 2.52 0.82 5.99
Intangible WIP 0 0 0.2 0.45
Investments 1.67 1.87 1.87 29.47
Loans & Advances 4.75 8.61 8.83 10.72
Other N/C Assets 0.63 0 0 0
Current Assets 222.1 271.94 360.61 350.97
Total Assets 258.38 364.03 421.43 484
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022
Profit from operations -28.59 2.54 36.07 17.27
Adjustment 13.7 8.67 -6.68 6.1
Changes in Assets & Liabilities -23.56 -27.79 24.55 -68.8
Tax Paid 0 0 -0.28 -12.94
Operating Cash Flow -38.45 -16.58 53.65 -58.37
Investing Cash Flow 41.6 14.07 -13.42 45.46
Financing Cash Flow 5.53 -5.79 -38.67 13.56
Net Cash Flow 8.68 -8.3 1.56 0.65

Corporate Actions

Investors Details

PARTICULARS Dec 2021% Mar 2022% Jun 2022% Sep 2022% Dec 2022%
Promoters 51.32 51.32 51.32 51.32 51.32
somany impresa lim... 42.16 42.16 - - -
somany impresa lim... - - 41.26 41.26 -
paco exports limit... - - - - 40.94
rajendra kumar som... 4.97 4.97 4.97 4.97 4.72
sandip somany 3.31 3.31 3.31 3.31 3.16
sumita somany 0.22 0.22 0.22 0.22 0.22
divya somany 0.20 0.20 0.20 0.20 0.20
sandip somany huf 0.13 0.13 0.13 0.13 -
shashvat somany 0.11 0.11 0.11 0.11 0.11
PARTICULARS Dec 2021% Mar 2022% Jun 2022% Sep 2022% Dec 2022%
Investors 48.68 48.68 48.68 48.68 48.68
hdfc trustee co lt... - - - - 6.68
hdfc trustee co lt... - 5.84 5.98 5.98 -
sundaram mutual fu... - - 5.36 5.40 5.14
ganesh srinivasan 1.57 - - - -
reliance capital t... - - - 4.54 -
reliance capital t... - - - - 4.54
manav gupta 2.19 1.93 1.93 1.71 1.60
sundaram mutual fu... - 4.26 - - -
reliance capital t... - - 4.14 - -
abakkus growth fun... 3.61 2.75 2.75 2.75 2.31
mukul mahavir agra... 1.38 - - - -
ashish kacholia 1.55 - - - -
eq india fund 1.63 1.38 - - -
cohesion mk best i... 1.45 - - - -
aditya birla sun l... - - - 1.42 1.42
siddharth iyer 1.35 - - - -
india insight valu... 1.17 1.10 1.05 - -
mukul mahavir aga... - 1.26 - - -
faering capital in... - 1.04 - - -
fearing capital in... - - 1.04 1.04 -
iepf 0.34 0.34 0.34 0.34 0.34

Annual Reports

Ratings & Research Reports

Company Presentations

Company News

Hindware Home Innovation informs about investor meeting19 Jan 2023, 5:03PM Hindware Home Innovation informs about analyst meet19 Dec 2022, 2:04PM Hindware Home Innov. - Quaterly Results14 Nov 2022, 4:15PM Hindware Home Innov. - Quaterly Results14 Nov 2022, 4:15PM Hindware Home Innov. - Quaterly Results14 Nov 2022, 4:15PM Hindware Home Innov. - Quaterly Results12 Aug 2022, 2:27PM Hindware Home Innov. - Quaterly Results12 Aug 2022, 2:27PM Hindware Home Innov. - Quaterly Results12 Aug 2022, 2:27PM Hindware Home Innovation informs about change in website of company20 Jul 2022, 4:59PM Hindware Home Innovation informs about audio recording of earnings call28 May 2022, 1:27PM Hindware Home Innov. - Quaterly Results26 May 2022, 3:58PM Hindware Home Innov. - Quaterly Results26 May 2022, 3:58PM Somany Home Innovat. - Quaterly Results10 Feb 2022, 3:09PM Somany Home Innovat. - Quaterly Results10 Feb 2022, 3:09PM Somany Home Innovat. - Quaterly Results10 Feb 2022, 3:09PM Somany Home Innovation informs about analyst meet22 Nov 2021, 10:52AM Somany Home Innovation informs about press release28 Aug 2021, 3:26PM Somany Home Innovation informs about analyst meet26 May 2021, 12:36PM Somany Home Innovation launches India’s first foldable Air Cooler ‘i-Fold’9 Mar 2021, 3:24PM Somany Home Innovation informs about disclosure1 Mar 2021, 4:13PM Somany Home Innovation informs about disclosure24 Dec 2020, 1:43PM Somany Home Innovation informs about disclosures19 Sep 2020, 2:56PM Somany Home Innovation looking at up to 35% growth in business in current fiscal14 Sep 2020, 1:36PM Somany Home Innovation informs about disclosure 25 Jul 2020, 10:32AM

Hindware Home Innov. Stock Price Analysis and Quick Research Report. Is Hindware Home Innov. an attractive stock to invest in?

 

The Consumer Durable sector in India has attracted significant investments over the years which resulted in increasing demand and also facilitated by the rise in disposable income. Indian Appliance and Consumer Electronics Industry’s market size was 21.49 billion USD in FY17 and is expected to be at 48.37 billion USD by FY22. The unorganized markets will provide scope for the rural markets to grow in fast paces because of the increase in the shift to organized markets.

The key growth drivers for the consumer durables sector are modernization, changing lifestyles, increasing awareness, rising incomes, convenient shopping options, etc. the relaxation by the government for FDI will also boost the sector.

Hindware Home Innov. is India’s famous brand in the consumer durable segment nationally and globally. Let's study some key parameters of the company:

  • The net sales of the company is Rs 491.281 Cr. It has decreased from the previous year sales of Rs 503.1141 Cr. The sales growth of the company was poor at -2.35197145140633 %.
  • The sales figure can be matched with inventory turnover to check whether it's justifiable or not. The turnover ratio for Hindware Home Innov. is 4.333062341386 times. Hindware Home Innov. poorly manages its assets.
  • The PAT growth rate of -31.9490925473034 % is poor for the company. The net profit compared to the % of sales is known as PAT margin which is 2.58273778143262 %.
  • The growth of EPS should ideally be around the PAT growth rate. For Hindware Home Innov. EPS growth rate is -31.9464908879411 % which is quite far from the PAT growth rate . The Earning per share for the latest quarter is 0.1549 Rs.
  • Company’s assets have given an average return of 3.45751304095405 % for the 3 years and equity gave an average return of 13.6570181760195 % for the 3 years.
  • Hindware Home Innov. has a Debt to equity ratio of 1.3784 which is an indicative measure of financial risk when compared to its peers.
Brief about Hindware Home Innov.

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