Arthneeti

Hardwyn India Q4 FY26 Share Price & Earnings Call Analysis

₹8.93+0.34% today
Market cap
₹611 Cr
P/E
51.19
ROE
3.18%
PEG
4.24
Price to sales
3.86
Debt to equity
0.02
52W high / low
₹27.3 / ₹8.55
Sales growth (5Y)
22.76%
EBITDA margin
12.06%
Net profit margin
7.94%
Promoter holding
43.77%
Sales (last year)
₹158 Cr

Incorporated in 2017, Hardwyn India Ltd is in the business of wholesale and retail trade of Architectural Hardware and Glass fittings, Kitchen Hardware, Accessories and Appliances[1]

Potential multibaggers · Q2 FY27

Potential multibaggers in Consumer Durables
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does Hardwyn India rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Consumer Durables companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹151 Cr13.8
240%+Up 0–2%₹2,267 Cr12.2
340%+Up 0–2%₹1,934 Cr16.9
440%+Flat₹2,338 Cr39.6
540%+Flat₹1,975 Cr20.8
640%+Flat₹528 Cr16.7

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Financials of Hardwyn India

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Hardwyn India

Quarterly Results

Quarter-by-quarter operating performance

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales +36.8631.9439.9044.1540.9351.6546.3945.6442.9450.6949.08
Expenses +35.2729.6733.2538.1838.4945.4339.9942.6637.2543.9146.06
Operating Profit1.592.276.655.972.446.226.402.985.696.783.02
OPM %4.31%7.11%16.67%13.52%5.96%12.04%13.80%6.53%13.25%13.38%6.15%
Other Income +0.200.080.070.150.030.090.260.390.050.030.14
Interest0.160.200.510.300.160.160.590.290.170.200.23
Depreciation0.070.070.140.940.420.450.440.450.410.460.47
Profit before tax1.562.086.074.881.895.705.632.635.166.152.46
Tax %28.85%28.85%29.00%31.56%29.10%29.12%28.95%29.28%29.46%29.27%27.24%
Net Profit +1.111.484.313.331.344.043.991.863.634.351.79
EPS in Rs0.020.030.090.070.030.080.080.040.070.090.04

Financials of Hardwyn India

Profit & Loss

Annual income statement trend

Mar 2023Mar 2024Mar 2025TTM
Sales +164152184188
Expenses +150136166170
Operating Profit14161818
OPM %8%11%10%10%
Other Income +1011
Interest1111
Depreciation0122
Profit before tax13151616
Tax %29%30%29%
Net Profit +9101112
EPS in Rs0.190.210.230.24
Dividend Payout %0%0%0%

Financials of Hardwyn India

Balance Sheet

Capital structure and asset base

Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital26354949
Reserves346348345352
Borrowings +59106
Other Liabilities +41546275
Total Liabilities418445465482
Fixed Assets +347351350350
CWIP0000
Investments0000
Other Assets +7194115132
Total Assets418445465482

Financials of Hardwyn India

Cash Flows

Operating, investing and financing cash movement

Mar 2023Mar 2024Mar 2025
Cash from Operating Activity +-122
Cash from Investing Activity +-0-6-1
Cash from Financing Activity +14-0
Net Cash Flow000
Free Cash Flow-1-31
CFO/OP21%40%35%

Financials of Hardwyn India

Ratios

Working capital efficiency and return ratios

Mar 2023Mar 2024Mar 2025
Debtor Days567585
Inventory Days91143140
Days Payable81113100
Cash Conversion Cycle66105125
Working Capital Days648492
ROCE %4%4%
4out of 100

Momentum score · price trend

4 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−39.5%11%
Last 6 months−67.4%0%
Last 3 months−20.7%18%

The price is 67.4% below its all-time high of ₹27.29 (4 May 2026). Stocks more than 20% below their peak have their score halved, so 8 became 4.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Hardwyn India: 0.4 × 11 + 0.4 × 0 + 0.2 × 18 = 8, halved to 4 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 2 Nov 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Hardwyn India's management said in earlier quarters

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