Hindware Home Innovation Ltd - Stock Valuation and Financial Performance

BSE: 542905 | NSE: HINDWAREAP | Consumer Durables - Domestic Appliances | Small Cap

Hindware Home Innov. Share Price

272.90 4.95 1.85%
as on 21-Nov'24 16:59

DeciZen - make an informed investing decision on Hindware Home Innov.

Overall Rating
Bole Toh

1. Quality

2. Valuation

Undervalued

3. Price Trend

Hindware Home Innovation stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
2,241.3 Cr.
52-wk low:
248.9
52-wk high:
528.9

Is Hindware Home Innovation Ltd an attractive stock to invest in?

1. Is Hindware Home Innovation Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Hindware Home Innovation Ltd is a average quality company.

2. Is Hindware Home Innovation Ltd undervalued or overvalued?

The key valuation ratios of Hindware Home Innovation Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

3. Is Hindware Home Innovation Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Hindware Home Innovation Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Hindware Home Innov.:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Hindware Home Innovation Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % -10.1%7.3%22.3%13.3%15%-14.2%-
Value Creation
Index
-1.7-0.50.6-0.10.1-2.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 397451503491557445419
Sales YoY Gr.-13.8%11.5%-2.4%13.4%-20.1%-
Adj EPS 01.2-0.71.71.4-3.9-6.1
YoY Gr.-NA-160.5%NA-15.4%-374.8%-
BVPS (₹) 01214.415.316.711.538.3
Adj Net
Profit
-18.99-5.412.810.8-29.8-51
Cash Flow from Ops. -38.5-16.653.7-58.461.115.8-
Debt/CF from Ops. -3.1-8.32.2-2.71.99.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NA2.3%-4%-20.1%
Adj EPS NANANA-374.8%
BVPSNANA-7.2%-31.2%
Share Price - - -11.4% -47.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
-2310.4-5.411.48.9-27.9-24.3
Op. Profit
Mgn %
-3.925.52.62.4-10.2-13.6
Net Profit
Mgn %
-4.82-1.12.61.9-6.7-12.1
Debt to
Equity
1.81.51.11.40.91.70.9
Working Cap
Days
0192210238196203123
Cash Conv.
Cycle
01331041151001085

Recent Performance Summary

No data to display

Return on Equity is Poor

Sales growth has been subdued in last 3 years -4.02%

Debt to equity has increased versus last 3 years average to 1.65

Sales growth is not so good in last 4 quarters at -11.15%

Latest Financials - Hindware Home Innovation Ltd.

Standalone Consolidated
TTM EPS (₹) -6.1 -1.6
TTM Sales (₹ Cr.) 419 2,696
BVPS (₹.) 38.3 98.6
Reserves (₹ Cr.) 303 808
P/BV 7.01 2.72
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 248.90 / 528.94
All Time Low / High (₹) 50.80 / 633.59
Market Cap (₹ Cr.) 2,241
Equity (₹ Cr.) 16.7
Face Value (₹) 2
Industry PE 67.1

Management X-Ray of Hindware Home Innov.:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Hindware Home Innov.

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales397451503491557445
Operating Expenses 412443476479544500
Manufacturing Costs342344
Material Costs253285328316353280
Employee Cost 455050546572
Other Costs 11110495105121143
Operating Profit -158271313-55
Operating Profit Margin (%) -3.9%1.9%5.4%2.6%2.4%-12.3%
Other Income 1294354442
Interest 81315162020
Depreciation 62215141821
Exceptional Items 0035000
Profit Before Tax -293361719-54
Tax -10-61758-18
Profit After Tax -199191311-36
PAT Margin (%) -4.7%1.9%3.7%2.6%1.9%-8.1%
Adjusted EPS (₹)0.01.22.51.71.4-4.8
Dividend Payout Ratio (%)0%12%12%28%34%-8%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 689110911612787
Share Capital 01414141414
Reserves 68779510211273
Minority Interest000000
Debt119137118158112142
Long Term Debt151423283351
Short Term Debt104122951307991
Trade Payables3565100817869
Others Liabilities 377294129136119
Total Liabilities 258364421484453418

Fixed Assets

Gross Block6311886133155155
Accumulated Depreciation383937476477
Net Fixed Assets257949869178
CWIP 431651
Investments 222293962
Inventories108134114143121113
Trade Receivables88117158140139104
Cash Equivalents 9023111
Others Assets232995765749
Total Assets 258364421484453418

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity -38-1754-586116
PBT -293361719-54
Adjustment 149-76931
Changes in Working Capital -24-2825-693542
Tax Paid 000-13-2-4
Cash Flow From Investing Activity -614-13456-8
Capex -7-11-8-37-15-5
Net Investments 0000-9-25
Others 125-6833022
Cash Flow From Financing Activity 6-6-3914-681
Net Proceeds from Shares 000000
Net Proceeds from Borrowing 0000618
Interest Paid -8-14-15-16-15-17
Dividend Paid 00-1-60-4
Others 138-2335-594
Net Cash Flow -39-821-210
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)-27.6911.0518.6411.288.74-33.69
ROCE (%)-10.137.322.3113.2814.97-14.18
Asset Turnover Ratio1.671.531.441.231.351.2
PAT to CFO Conversion(x)N/A-1.892.84-4.465.55N/A
Working Capital Days
Receivable Days747989988184
Inventory Days919380847682
Payable Days5064921058296

Hindware Home Innovation Ltd Stock News

Hindware Home Innovation Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Hindware Home Innov. on 21-Nov-2024 16:59 is ₹272.9.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 16:59 the market cap of Hindware Home Innov. stood at ₹2,241.3.
The latest P/E ratio of Hindware Home Innov. as of 21-Nov-2024 16:59 is 0.00.
The latest P/B ratio of Hindware Home Innov. as of 21-Nov-2024 16:59 is 7.01.
The 52-week high of Hindware Home Innov. is ₹528.9 and the 52-week low is ₹248.9.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Hindware Home Innov. is ₹419.2 ( Cr.) .

About Hindware Home Innovation Ltd

Somany Home Innovations Ltd. (SHIL) is a newly created Corporate Entity of HSIL Limited, vastly recognised by its Brand Hindware, a leading name in the Indian market. SHIL was incorporated as a public unlisted company under the Companies Act, 2013 on 28 September 2017 in Kolkata, West Bengal. Pursuant to the Composite Scheme of Arrangement approved by the National Company Law Tribunal, Kolkata Bench, the marketing and distribution of Consumer Products and Retail divisions of HSIL Limited (HSIL) were demerged from HSIL and vested into SHIL.

Further, the marketing and distribution of Building Products of HSIL is vested into Brilloca Limited, a wholly-owned subsidiary of SHIL. The Company’s equity shares were listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on 26 December 2019.

SHIL is focused on servicing end-consumers in the market and is involved in branding, marketing, sales, distribution, trading, service etc. of Consumer Appliances under the Brand name ‘Hindware’, ‘Moonbow’ and Furniture Retail Business under the Brand name ‘Evok’.

Business area of the company

The company’s Consumer Products portfolio consists of a selection of household appliances. The kitchen appliances, such as kitchen chimneys, cooker hoods, built-in hobs, cooktops, built-in ovens, sinks under the brand Hindware Kitchen Ensemble are leaders in numerous categories. Its brand Hindware Atlantic houses water heaters whereas its brand Moonbow by Hindware houses water purifiers and air purifiers. It sells air coolers and ceiling fans under brand Hindware Snowcrest.

Also, the company forayed into the furniture and kitchen fittings segment, through a strategic marketing tie-up with Italian company, Formenti & Giovenzana www.fgv.it. The collaboration is operational under brand FGV powered by Hindware and enables the company to distribute a wide range of quality and functional hardware products in India, for the modern furniture and modular kitchens, such as normal and soft close hinges, side and bottom mounted drawer channels and drawer systems.

Products
  • Hindware Kitchen Ensemble
  • Hindware Atlantic Water Heaters
  • Hindware Snowcrest Air Coolers
  • Moonbow by Hindware
  • Hindware Snowcrest Fans
  • FGV by hindware
Awards
  • 2019-20: The Extraordinaire Brand Hindware Appliances: Hindware Appliances participated in the Nexbrand’s 5th Annual Brand Vision Summit and Awards 2019-20. The Summit honoured the most influential people and brands from across industries who have proven their mettle and emerged as ‘The Extraordinaire’.
  • 2019: Product of the Year ‘Achelous Premium Water Purifier & Adonia Hob’: Hindware Kitchen Ensemble Adonia Built-in Hob and Moonbow by Hindware Achelous Premium Water Purifier won the Product of the Year 2019 award for best product innovation in the respective categories.
  • 2019: Fastest Growing Consumer Appliances Brand ‘Hindware Appliances’: The title of ‘Fastest Growing Consumer Appliances Brand 2018-19’ was bestowed to Hindware Appliances during the 12th edition of Asian Business & Social Forum 2019 held at Mumbai and organised by AsiaOne magazine and URS Media International.
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