Hardwyn India Ltd

Hardwyn India Ltd

₹ 30.8 -0.93%
28 Jun - close price
About

Hardwyn India Ltd is a manufacturer of architectural hardware and glass fittings, which provides complete solution to residential and commercial structures.[1]

Key Points

Product Offerings
The company's product portfolio consists of a wide range of hardware products i.e. door closers, floor springs, glass patch fittings, point fixed architectural fittings, shower enclosure fittings, shower hinges, plastic profiles, stainless steel railings, cylindrical locks, furniture locks, etc.[1]

  • Market Cap 1,074 Cr.
  • Current Price 30.8
  • High / Low 52.0 / 26.0
  • Stock P/E 110
  • Book Value 11.0
  • Dividend Yield 0.00 %
  • ROCE 3.92 %
  • ROE 2.58 %
  • Face Value 1.00

Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 218% CAGR over last 5 years

Cons

  • Stock is trading at 2.81 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 3.79% over last 3 years.
  • Promoter holding has decreased over last 3 years: -31.1%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Trading Industry: Trading

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jan 2018 Mar 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
14.59 26.72 23.06 33.16 25.59 34.87 34.72 29.88 27.16 36.34 35.06 36.94
14.44 26.90 21.56 30.77 24.16 32.89 29.94 24.90 25.72 34.27 28.70 31.13
Operating Profit 0.15 -0.18 1.50 2.39 1.43 1.98 4.78 4.98 1.44 2.07 6.36 5.81
OPM % 1.03% -0.67% 6.50% 7.21% 5.59% 5.68% 13.77% 16.67% 5.30% 5.70% 18.14% 15.73%
0.00 0.16 0.04 0.21 0.01 0.01 0.01 0.68 0.20 0.08 0.07 0.15
Interest 0.00 0.16 0.20 0.15 0.16 0.31 0.20 0.18 0.16 0.19 0.51 0.29
Depreciation 0.00 0.01 0.03 0.05 0.06 0.07 0.07 0.07 0.06 0.06 0.13 0.87
Profit before tax 0.15 -0.19 1.31 2.40 1.22 1.61 4.52 5.41 1.42 1.90 5.79 4.80
Tax % 26.67% 31.58% 25.19% 30.42% 29.51% 27.95% 27.88% 30.87% 28.87% 28.95% 29.19% 31.46%
0.11 -0.13 0.99 1.66 0.87 1.16 3.27 3.73 1.00 1.35 4.11 3.30
EPS in Rs 0.01 -0.01 0.05 0.08 0.04 0.06 0.16 0.11 0.03 0.04 0.12 0.09
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
18 42 12 57 84 124 136
18 42 11 55 79 111 120
Operating Profit 0 0 0 2 5 13 16
OPM % 1% 1% 4% 4% 6% 11% 12%
0 0 0 0 0 1 0
Interest 0 0 0 0 1 1 1
Depreciation 0 0 0 0 0 0 1
Profit before tax 0 0 0 2 5 13 14
Tax % 20% 25% 31% 27% 28% 29% 30%
0 0 0 2 3 9 10
EPS in Rs 0.01 0.00 0.00 0.08 0.17 0.26 0.28
Dividend Payout % 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 26%
3 Years: 33%
TTM: 9%
Compounded Profit Growth
10 Years: %
5 Years: 218%
3 Years: 85%
TTM: 8%
Stock Price CAGR
10 Years: %
5 Years: 114%
3 Years: 115%
1 Year: -22%
Return on Equity
10 Years: %
5 Years: 4%
3 Years: 4%
Last Year: 3%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 7 10 10 10 10 26 35
Reserves 0 0 0 2 5 346 347
0 6 0 5 7 5 9
2 1 3 22 35 32 52
Total Liabilities 9 17 13 39 57 409 443
0 0 0 0 1 1 5
CWIP 0 0 0 0 0 0 0
Investments 0 0 0 0 0 348 348
9 17 13 39 56 60 90
Total Assets 9 17 13 39 57 409 443

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-7 -9 6 -4 -0 4 2
-0 -0 -0 -0 -1 -0 -5
7 9 -6 5 1 -3 3
Net Cash Flow 0 -0 0 1 0 0 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 178 148 291 135 132 62 84
Inventory Days 1 0 6 69 71 113 148
Days Payable 45 83 146 163 97 139
Cash Conversion Cycle 134 148 214 58 40 78 92
Working Capital Days 139 140 327 100 87 78 98
ROCE % 2% 3% 17% 27% 7%

Shareholding Pattern

Numbers in percentages

Sep 2020Mar 2021Sep 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
74.85% 74.85% 74.85% 74.85% 74.85% 74.85% 74.85% 43.77% 43.77% 43.77% 43.77% 43.77%
0.00% 0.00% 0.00% 0.00% 0.00% 1.27% 1.43% 0.53% 0.83% 0.46% 0.46% 0.46%
25.15% 25.15% 25.15% 25.15% 25.15% 23.88% 23.71% 55.71% 55.40% 55.78% 55.75% 55.76%
No. of Shareholders 4352671001,1862,3362,9073,45618,64321,33123,74332,194

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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