Hindware Home Innovation Ltd

Hindware Home In Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Hindware Home Innovation Ltd

₹ 272 1.62%
21 Nov - close price
shilgroup.com BSE: 542905 NSE: HINDWAREAP
About

Somany Home Innovations Ltd. (SHIL) is a newly created Corporate Entity which was demerged from HSIL Limited, vastly recognised by its Brand Hindware, a leading name in the Indian market. 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’. [1]

Key Points

History
The company was incorporated in 2017 as a part of the Hindware group. The demerger of AGI Greenpac Ltd led to the transfer of the marketing and distribution of consumer products and retail businesses to the company on April 01, 2018. [1]

Website BSE NSE
  • Market Cap ₹ 2,279 Cr.
  • Current Price ₹ 272
  • High / Low ₹ 529 / 249
  • Stock P/E
  • Book Value ₹ 8.40
  • Dividend Yield 0.15 %
  • ROCE -11.4 %
  • ROE -33.7 %
  • Face Value ₹ 2.00
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Pros

  • Company has been maintaining a healthy dividend payout of 18.2%
  • Company's working capital requirements have reduced from 103 days to 73.6 days

Cons

  • Stock is trading at 32.4 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 2.32% over past five years.
  • Company has a low return on equity of -3.74% over last 3 years.

* 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: Retail Industry: Trading

Part of Nifty Microcap 250 BSE Allcap BSE Consumer Discretionary BSE SmallCap Nifty Total Market

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
130.90 150.77 134.96 142.66 138.80 134.96 140.50 104.94 96.32 117.02 108.23 110.53 82.53
121.79 144.10 134.38 138.81 131.05 135.04 138.90 108.07 102.12 126.53 120.60 112.71 94.15
Operating Profit 9.11 6.67 0.58 3.85 7.75 -0.08 1.60 -3.13 -5.80 -9.51 -12.37 -2.18 -11.62
OPM % 6.96% 4.42% 0.43% 2.70% 5.58% -0.06% 1.14% -2.98% -6.02% -8.13% -11.43% -1.97% -14.08%
26.50 2.31 3.23 31.88 3.86 5.27 2.59 30.75 1.01 3.51 -11.05 4.36 7.88
Interest 4.23 3.72 4.37 4.69 4.78 5.34 5.15 4.54 5.20 4.28 4.48 4.75 5.00
Depreciation 3.43 3.68 3.76 4.15 4.42 4.61 4.88 4.14 4.30 5.38 4.34 4.59 4.42
Profit before tax 27.95 1.58 -4.32 26.89 2.41 -4.76 -5.84 18.94 -14.29 -15.66 -32.24 -7.16 -13.16
Tax % 33.06% 48.10% -61.34% 35.89% 53.53% -26.26% -27.40% 39.92% -35.20% -34.61% -13.55% -25.28% -34.19%
18.71 0.82 -1.67 17.24 1.12 -3.51 -4.24 11.38 -9.26 -10.24 -27.87 -5.35 -8.66
EPS in Rs 2.24 0.10 -0.20 2.06 0.13 -0.42 -0.51 1.36 -1.11 -1.22 -3.33 -0.64 -1.04
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
0 397 451 503 491 557 445 418
0 412 443 476 479 544 500 454
Operating Profit -0 -15 8 28 13 13 -55 -36
OPM % -4% 2% 5% 3% 2% -12% -9%
0 0 29 39 35 44 42 5
Interest 0 8 13 15 16 20 20 19
Depreciation 0 6 22 15 14 18 21 19
Profit before tax -0 -29 3 36 17 19 -54 -68
Tax % 0% -34% -246% 48% 27% 43% -33%
-0 -19 9 19 13 11 -36 -52
EPS in Rs 1.05 2.23 1.52 1.27 -4.31 -6.23
Dividend Payout % 0% 0% 12% 12% 28% 34% -8%
Compounded Sales Growth
10 Years: %
5 Years: 2%
3 Years: -4%
TTM: -12%
Compounded Profit Growth
10 Years: %
5 Years: -39%
3 Years: %
TTM: -1433%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -10%
1 Year: -46%
Return on Equity
10 Years: %
5 Years: -1%
3 Years: -4%
Last Year: -34%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 0.10 0.00 14 14 14 14 14 14
Reserves -0 68 77 95 102 112 73 56
0 119 138 145 225 179 195 193
0 99 169 192 166 166 172 183
Total Liabilities 0 286 397 445 507 471 454 446
0 25 79 49 86 91 78 72
CWIP 0 4 3 1 6 5 1 2
Investments 0 2 2 2 29 39 62 62
0 255 314 393 384 336 313 310
Total Assets 0 286 397 445 507 471 454 446

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-0 -38 -17 54 -58 61 16
-0 42 14 -13 45 6 -8
0 6 -6 -39 14 -68 1
Net Cash Flow 0 9 -8 2 1 -2 10

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 81 95 115 104 91 85
Inventory Days 156 172 127 165 125 147
Days Payable 50 83 111 94 80 90
Cash Conversion Cycle 186 184 130 175 135 142
Working Capital Days 121 121 124 139 97 74
ROCE % -22% 8% 7% 11% 12% -11%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
51.32% 51.32% 51.32% 51.32% 51.32% 51.32% 51.32% 51.32% 51.32% 51.32% 51.32% 51.32%
3.63% 3.31% 3.02% 3.18% 4.36% 4.96% 5.03% 7.15% 7.59% 7.49% 6.05% 5.65%
5.92% 5.83% 6.34% 6.50% 7.27% 8.27% 9.02% 9.16% 9.82% 7.34% 7.09% 6.91%
39.13% 39.54% 39.32% 39.01% 37.06% 35.45% 34.63% 32.36% 31.27% 33.85% 35.54% 36.12%
No. of Shareholders 29,93535,14635,55437,66037,60337,83041,48842,24536,00237,23738,57442,914

* 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.

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