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

₹ 255 -1.64%
21 Jan 4:01 p.m.
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 ₹ 2,133 Cr.
  • Current Price ₹ 255
  • High / Low ₹ 467 / 239
  • Stock P/E
  • Book Value ₹ 68.8
  • Dividend Yield 0.14 %
  • ROCE 9.50 %
  • ROE 4.38 %
  • Face Value ₹ 2.00
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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.

Peer comparison

Sector: Retail Industry: Trading

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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
617 649 686 678 715 713 768 623 693 693 772 600 630
567 596 624 620 659 663 685 560 619 642 697 557 600
Operating Profit 49 53 62 59 56 50 83 63 74 51 75 43 30
OPM % 8% 8% 9% 9% 8% 7% 11% 10% 11% 7% 10% 7% 5%
8 9 6 8 9 11 7 6 5 11 -6 12 9
Interest 6 4 5 14 19 22 23 22 24 24 24 24 24
Depreciation 10 10 11 22 25 25 28 28 29 31 31 31 31
Profit before tax 42 48 51 31 20 13 38 18 27 6 15 0 -16
Tax % 44% 25% 22% 59% 24% 27% 25% 84% 21% 5% 53% 111% -24%
25 36 37 11 16 8 23 1 20 5 3 -4 -16
EPS in Rs 2.98 4.29 4.46 1.29 1.94 0.93 2.72 0.03 2.29 0.54 0.26 -0.48 -1.86
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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 2,695
1,546 1,525 1,632 2,118 2,627 2,562 2,497
Operating Profit 124 88 143 176 246 238 199
OPM % 7% 5% 8% 8% 9% 8% 7%
9 24 18 129 36 37 26
Interest 29 33 29 20 77 95 95
Depreciation 20 46 39 39 101 123 124
Profit before tax 85 33 92 245 103 57 5
Tax % 36% 30% 41% 17% 35% 35%
55 23 55 202 58 28 -12
EPS in Rs 2.76 6.56 24.12 6.83 3.08 -1.54
Dividend Payout % 0% 5% 4% 2% 6% 11%
Compounded Sales Growth
10 Years: %
5 Years: 11%
3 Years: 16%
TTM: -4%
Compounded Profit Growth
10 Years: %
5 Years: -14%
3 Years: -22%
TTM: -100%
Stock Price CAGR
10 Years: %
5 Years: 10%
3 Years: -12%
1 Year: -44%
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%

Shareholding Pattern

Numbers in percentages

1 Recently
Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
51.32% 51.32% 51.32% 51.32% 51.32% 51.32% 51.32% 51.32% 51.32% 51.32% 51.32% 52.54%
3.31% 3.02% 3.18% 4.36% 4.96% 5.03% 7.15% 7.59% 7.49% 6.05% 5.65% 3.50%
5.83% 6.34% 6.50% 7.27% 8.27% 9.02% 9.16% 9.82% 7.34% 7.09% 6.91% 7.58%
39.54% 39.32% 39.01% 37.06% 35.45% 34.63% 32.36% 31.27% 33.85% 35.54% 36.12% 36.37%
No. of Shareholders 35,14635,55437,66037,60337,83041,48842,24536,00237,23738,57442,91445,609

* 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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