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Hindware Home Innovation Limited
(HINDWAREAP)
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Rating:42Neutral
Price Target:
₹171.00
▼(-19.40% Downside)
Action:Reiterated
Date:09/12/26
The score is driven primarily by weak financial performance (recent revenue declines and net losses, with elevated leverage) and bearish technicals (price below all key moving averages with negative MACD). Cash flow improvement and solid operating cash generation provide partial support, but valuation is constrained by negative earnings and no stated dividend yield.
Positive Factors
Strong Operating Cash Generation
Consistent 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 Contraction
Two 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.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Operating Cash Generation
Consistent 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.
Read all positive factors
Hindware Home Innovation Limited (HINDWAREAP) vs. iShares MSCI India ETF (INDA)
Market Cap
₹15.16B
Dividend Yield0.1%
Average Volume (3M)8.86K
Price to Earnings (P/E)―
Beta (1Y)1.46
Revenue Growth6.12%
EPS Growth93.53%
CountryIN
Employees260
SectorGeneral
Sector StrengthN/A
IndustryFurnishings, Fixtures & Appliances
Share Statistics
EPS (TTM)-0.74
Shares Outstanding83,646,355
10 Day Avg. Volume7,303
30 Day Avg. Volume8,856
Financial Highlights & Ratios
PEG Ratio0.79
Price to Book (P/B)1.99
Price to Sales (P/S)0.58
P/FCF Ratio22.74
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)6.84
Revenue Forecast (FY)₹28.46B
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, dishwa...
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 cl...
Hindware Home Innovation Limited Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
46
Neutral
Cash Flow
62
Positive
| 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 | 0.00 | 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 | 0.00 | 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
Negative
212.15
Price Trends
212.02
Negative
222.22
Negative
232.32
Negative
Market Momentum
-8.95
Negative
27.97
Positive
12.25
Positive
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 212.15 is above the 20-day moving average (MA) of 190.17, above the 50-day MA of 212.02, and below the 200-day MA of 232.32, indicating a bearish trend. The MACD of -8.95 indicates Negative momentum. The RSI at 27.97 is Positive, neither overbought nor oversold. The STOCH value of 12.25 is Positive, 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | ₹51.80B | 32.84 | ― | ― | 13.66% | 49.21% | |
68 Neutral | ₹31.55B | 43.94 | ― | 0.48% | 9.14% | -15.01% | |
66 Neutral | ₹72.33B | 35.50 | ― | 1.35% | 8.68% | -17.48% | |
61 Neutral | ₹27.83B | 55.47 | ― | 0.43% | 18.46% | 19.17% | |
56 Neutral | ₹148.94B | -66.57 | ― | 1.30% | 7.87% | -142.53% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
42 Neutral | ₹15.16B | -241.08 | ― | 0.10% | 6.12% | 93.53% |
* General Sector Average
IN:HINDWAREAP
Hindware Home Innovation Limited
178.35
-157.05
-46.82%
IN:BOROLTD
Borosil Ltd
257.30
-93.05
-26.56%
IN:CERA
Cera Sanitaryware Limited
5,571.05
-682.91
-10.92%
IN:CROMPTON
Crompton Greaves Consumer Electricals Ltd.
231.00
-79.76
-25.67%
IN:IFBIND
IFB Industries Ltd
1,299.45
-202.85
-13.50%
IN:STOVEKRAFT
Stove Kraft Ltd.
815.55
149.44
22.43%
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 vid...
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.