Hindware Home Innovation Limited (HINDWAREAP) AI Stock Analysis

Hindware Home Innovation Limited

(NSE:HINDWAREAP)

Select Model

Rating:39Underperform

Price Target:INR 169.00▲(1.17% Upside)

Action:downgraded

Date:09/12/26

The overall score is very low, driven primarily by weak financial performance and a strongly bearish technical trend. The company's consecutive net losses and high debt levels are significant risks. The stock is in a clear downtrend with deeply oversold momentum indicators, and the negative P/E ratio confirms a lack of earnings-based value. The only positive is a history of consistent operating cash flow, but it is insufficient to offset the prevailing negative factors.

Positive Factors

Strong Operating Cash GenerationConsistent operating cash generation provides an important foundation for funding working capital, servicing obligations, and supporting investment without relying entirely on external financing. The FY2026 free-cash-flow rebound also indicates improved cash discipline, although sustainability still depends on future execution.

Negative Factors

Recent Revenue ContractionTwo consecutive years of revenue decline indicate that recent demand and execution have not sustained the company’s earlier growth profile. Continued contraction would reduce operating leverage, weaken the ability to absorb fixed costs, and make a durable return to profitability more difficult.

Hindware Home Innovation Limited (HINDWAREAP) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 13.66B
Dividend Yield: ―
Average Volume (3M): 8,181
Price to Earnings (P/E): -220.7
Beta (1Y): 1.55
Revenue Growth: 6.12%
EPS Growth: 93.53%
Country: India
Employees: 260
Sector: General
Sector Strength: 55
Industry: Furnishings, Fixtures & Appliances

Hindware Home Innovation Limited Business Overview & Revenue Model

Company Description

Hindware Home Innovation Limited engages in the manufacturing, selling and trading of building products, consumer appliances in India. The company offers kitchen appliances comprising chimneys, cooking range, food waste disposers, cooktops, dishwashe...

How the Company Makes Money

The company primarily makes money by manufacturing, sourcing, branding, and selling home and bathroom-related products through multiple channels. Its key revenue streams include: (1) Sanitaryware: revenue from the sale of products such as water close...

Hindware Home Innovation Limited Financial Statement Overview

Summary

Financial performance is under pressure. Revenue is declining and the company has reported consecutive net losses, with gross margins settling at a lower 20%. The balance sheet carries elevated debt (D/E of 1.16) and limited debt coverage from cash flow. A consistent positive operating cash flow is the primary mitigating factor, but overall financial health is weak.

Income Statement

28Negative

Balance Sheet

42Neutral

Cash Flow

52Neutral

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	26.04B	25.10B	25.23B	27.41B	28.24B	22.69B
Gross Profit	5.38B	5.20B	4.79B	5.39B	12.36B	4.25B
EBITDA	2.03B	1.98B	1.54B	2.75B	2.81B	3.05B
Net Income	-62.30M	-396.80M	-682.90M	257.81M	570.90M	2.02B
Balance Sheet
Total Assets	0	24.52B	25.28B	24.20B	23.03B	21.46B
Cash, Cash Equivalents and Short-Term Investments	384.97M	386.30M	252.60M	292.21M	91.99M	535.68M
Total Debt	0	8.56B	8.89B	10.46B	9.58B	3.74B
Total Liabilities	-7.46B	17.05B	17.42B	18.14B	17.20B	16.19B
Stockholders Equity	7.46B	7.37B	7.77B	5.98B	5.76B	5.26B
Cash Flow
Free Cash Flow	42.60M	643.70M	-101.40M	573.53M	251.90M	1.86B
Operating Cash Flow	851.30M	1.92B	1.92B	2.41B	2.21B	2.26B
Investing Cash Flow	-796.10M	-1.30B	-2.15B	-2.19B	-7.05B	-1.24B
Financing Cash Flow	-192.90M	-533.00M	183.00M	-19.74M	4.67B	-831.69M

Hindware Home Innovation Limited Technical Analysis

Technical Analysis SentimentNegative

Last Price167.05

Price Trends

50DMA177.47Negative

100DMA204.48Negative

200DMA212.85Negative

Market Momentum

MACD-2.99Negative

RSI42.41Neutral

STOCH50.31Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:HINDWAREAP, the sentiment is Negative. The current price of 167.05 is below the 20-day moving average (MA) of 170.24, below the 50-day MA of 177.47, and below the 200-day MA of 212.85, indicating a bearish trend. The MACD of -2.99 indicates Negative momentum. The RSI at 42.41 is Neutral, neither overbought nor oversold. The STOCH value of 50.31 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:HINDWAREAP.

Hindware Home Innovation Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:HINDWAREAP against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:STOVEKRAFT	62Neutral	INR 26.27B	53.99	―	0.44%	18.46%	19.17%
IN:CROMPTON	61Neutral	INR 123.60B	-70.16	―	1.56%	12.09%	-137.18%
IN:IFBIND	59Neutral	INR 41.73B	28.25	―	―	14.29%	16.62%
IN:CERA	57Neutral	INR 56.87B	28.00	―	1.70%	8.68%	-17.48%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:BOROLTD	53Neutral	INR 34.25B	48.87	―	―	9.14%	-15.01%
IN:HINDWAREAP	39Underperform	INR 13.97B	-220.74	―	―	6.12%	93.53%

* General Sector Average

Performance Comparison

IN:HINDWAREAP and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:HINDWAREAP	Hindware Home Innovation Limited	167.05	-209.70	-55.66%
IN:BOROLTD	Borosil Ltd	286.40	-66.95	-18.95%
IN:CERA	Cera Sanitaryware Limited	4409.60	-1811.64	-29.12%
IN:CROMPTON	Crompton Greaves Consumer Electricals Ltd.	191.95	-88.03	-31.44%
IN:IFBIND	IFB Industries Ltd	1029.80	-808.60	-43.98%
IN:STOVEKRAFT	Stove Kraft Ltd.	793.40	89.15	12.66%

Hindware Home Innovation Limited Corporate Events

Hindware Home Innovation Sets August Date for 9th AGM via Video Conferencing

Jul 26, 2026

Hindware Home Innovation Limited has notified the exchanges that it has published newspaper advertisements in Financial Express and Ekdin announcing its ninth Annual General Meeting. The AGM will be held on 18 August 2026 at 12:00 p.m. IST via video...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Sep 12, 2026

Hindware Home Innovation Limited AI Stock Analysis