Hindware Home Innovation Ltd
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]
- Market Cap ₹ 1,752 Cr.
- Current Price ₹ 209
- High / Low ₹ 463 / 177
- Stock P/E
- Book Value ₹ 68.8
- Dividend Yield 0.19 %
- ROCE 9.50 %
- ROE 4.38 %
- Face Value ₹ 2.00
Pros
- Promoter holding has increased by 1.22% over last quarter.
Cons
- Company has low interest coverage ratio.
- Company has a low return on equity of 12.9% over last 3 years.
- Dividend payout has been low at 6.45% of profits over last 3 years
- Working capital days have increased from 39.4 days to 64.3 days
* 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|
1,671 | 1,613 | 1,775 | 2,294 | 2,872 | 2,800 | 2,596 | |
1,546 | 1,525 | 1,632 | 2,118 | 2,627 | 2,562 | 2,420 | |
Operating Profit | 124 | 88 | 143 | 176 | 246 | 238 | 176 |
OPM % | 7% | 5% | 8% | 8% | 9% | 8% | 7% |
9 | 24 | 18 | 129 | 36 | 37 | 23 | |
Interest | 29 | 33 | 29 | 20 | 77 | 95 | 94 |
Depreciation | 20 | 46 | 39 | 39 | 101 | 123 | 123 |
Profit before tax | 85 | 33 | 92 | 245 | 103 | 57 | -18 |
Tax % | 36% | 30% | 41% | 17% | 35% | 35% | |
55 | 23 | 55 | 202 | 58 | 28 | -34 | |
EPS in Rs | 2.76 | 6.56 | 24.12 | 6.83 | 3.08 | -4.20 | |
Dividend Payout % | 0% | 5% | 4% | 2% | 6% | 11% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 11% |
3 Years: | 16% |
TTM: | -7% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | -14% |
3 Years: | -22% |
TTM: | -144% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 29% |
3 Years: | -16% |
1 Year: | -42% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 13% |
3 Years: | 13% |
Last Year: | 4% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|
Equity Capital | 0.00 | 14 | 14 | 14 | 14 | 14 | 14 |
Reserves | 242 | 260 | 315 | 512 | 561 | 583 | 561 |
303 | 328 | 242 | 374 | 958 | 1,046 | 1,051 | |
431 | 407 | 466 | 1,245 | 769 | 776 | 877 | |
Total Liabilities | 976 | 1,010 | 1,039 | 2,146 | 2,303 | 2,420 | 2,503 |
108 | 190 | 157 | 743 | 912 | 918 | 795 | |
CWIP | 4 | 5 | 11 | 58 | 36 | 55 | 188 |
Investments | 0 | 0 | 26 | 114 | 88 | 104 | 96 |
863 | 815 | 845 | 1,230 | 1,267 | 1,344 | 1,424 | |
Total Assets | 976 | 1,010 | 1,039 | 2,146 | 2,303 | 2,420 | 2,503 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|
79 | 40 | 234 | 226 | 221 | 241 | |
65 | -31 | -52 | -124 | -705 | -219 | |
-123 | -28 | -178 | -83 | 467 | -2 | |
Net Cash Flow | 22 | -19 | 5 | 19 | -17 | 20 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|
Debtor Days | 78 | 81 | 84 | 49 | 48 | 59 |
Inventory Days | 94 | 105 | 86 | 158 | 283 | 238 |
Days Payable | 57 | 38 | 44 | 59 | 123 | 126 |
Cash Conversion Cycle | 115 | 149 | 126 | 147 | 208 | 171 |
Working Capital Days | 91 | 103 | 75 | -9 | 63 | 64 |
ROCE % | 12% | 21% | 22% | 15% | 10% |
Documents
Announcements
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Closure of Trading Window
27 Mar - Closure of trading window from April 1, 2025.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
27 Mar - Hindware announces demerger and amalgamation creating two listed companies.
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Announcement under Regulation 30 (LODR)-Scheme of Arrangement
27 Mar - Approval of Composite Scheme of Arrangement by Hindware Home Innovation Limited.
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Board Meeting Outcome for Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015, Regarding Approval Of The Composite Scheme Of Arrangement By The Board Of Hindware Home Innovation Limited
27 Mar - Approval of Composite Scheme of Arrangement by Hindware Home Innovation.
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 18 Mar
Annual reports
Concalls
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Feb 2025Transcript PPT
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Dec 2021TranscriptPPT
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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]