Nifty

:

25571.25

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:

82814.71

116.90 (0.46%)
316.57 (0.38%)

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Nifty
Sensex

:
:

25571.25
82814.71

116.90 (0.46%)
316.57 (0.38%)

Hardwyn India Ltd.

Trading

Rating :

60/99

BSE: 541276 | NSE: HARDWYN

Watchlist

NSE BSE

16.93

20-Feb-2026

Open
High
Low
Previous Close

17.24
17.24
16.67
17.07

Volume
Traded Value (lacs)
52 Week High
52 Week Low

628208
10644386.65
20.44
10.75

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

847.43
72.82
1

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

850.58
N/A
2.10

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

10 Years
5 Years
3 Years

-
19.64
3.88

EBITDA CAGR (%)

10 Years
5 Years
3 Years

-
53.18
5.86

PAT CAGR (%)

10 Years
5 Years
3 Years

-
47.50
6.56

P:E (Median)

8 Years
5 Years
3 Years

-
-
84.15

P:BV (Average)

8 Years
5 Years
3 Years

-
-
2.56

EV:EBITDA (Average)

8 Years
5 Years
3 Years

-
-
54.14

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone

Description Dec 25 Dec 24 Var% Sep 25 Sep 24 Var% Jun 25 Jun 24 Var% Mar 25 Mar 24 Var%
Net Sales 38.56 34.49 11.80% 43.14 39.87 8.20% 31.95 30.90 3.40% 36.30 36.94 -1.73%
Expenses 35.75 28.21 26.73% 36.70 33.93 8.16% 26.50 28.67 -7.57% 33.46 31.13 7.48%
EBITDA 2.80 6.28 -55.41% 6.44 5.94 8.42% 5.45 2.23 144.39% 2.83 5.81 -51.29%
EBIDTM 7.27% 18.20% 14.93% 14.90% 17.05% 7.23% 7.80% 15.74%
Other Income 0.14 0.26 -46.15% 0.03 0.09 -66.67% 0.05 0.03 66.67% 0.36 0.15 140.00%
Interest 0.23 0.58 -60.34% 0.19 0.15 26.67% 0.17 0.16 6.25% 0.29 0.29 0.00%
Depreciation 0.42 0.41 2.44% 0.42 0.41 2.44% 0.38 0.40 -5.00% 0.42 0.87 -51.72%
PBT 2.30 5.55 -58.56% 5.86 5.48 6.93% 4.95 1.70 191.18% 2.49 4.80 -48.12%
Tax 0.66 1.61 -59.01% 1.71 1.60 6.88% 1.45 0.50 190.00% 0.75 1.51 -50.33%
PAT 1.64 3.93 -58.27% 4.15 3.87 7.24% 3.51 1.20 192.50% 1.74 3.30 -47.27%
PATM 4.24% 11.41% 9.62% 9.72% 10.98% 3.89% 4.79% 8.93%
EPS 0.03 0.08 -62.50% 0.08 0.08 0.00% 0.07 0.02 250.00% 0.04 0.07 -42.86%

Description Dec 25 Dec 24 Var% Sep 25 Sep 24 Var% Jun 25 Jun 24 Var% Mar 25 Mar 24 Var%
Net Sales 49.08 46.39 5.80% 50.69 51.65 -1.86% 42.94 40.93 4.91% 45.64 44.15 3.37%
Expenses 46.06 39.99 15.18% 43.91 45.43 -3.35% 37.26 38.48 -3.17% 42.66 38.18 11.73%
EBITDA 3.02 6.40 -52.81% 6.77 6.22 8.84% 5.69 2.45 132.24% 2.98 5.97 -50.08%
EBIDTM 6.15% 13.79% 13.36% 12.04% 13.25% 5.97% 6.52% 13.52%
Other Income 0.14 0.26 -46.15% 0.03 0.09 -66.67% 0.05 0.03 66.67% 0.39 0.15 160.00%
Interest 0.23 0.59 -61.02% 0.20 0.16 25.00% 0.17 0.16 6.25% 0.29 0.30 -3.33%
Depreciation 0.47 0.44 6.82% 0.46 0.45 2.22% 0.41 0.43 -4.65% 0.45 0.94 -52.13%
PBT 2.47 5.63 -56.13% 6.15 5.70 7.89% 5.15 1.89 172.49% 2.63 4.88 -46.11%
Tax 0.68 1.64 -58.54% 1.80 1.66 8.43% 1.52 0.55 176.36% 0.77 1.54 -50.00%
PAT 1.79 3.99 -55.14% 4.35 4.04 7.67% 3.63 1.34 170.90% 1.86 3.33 -44.14%
PATM 3.65% 8.60% 8.59% 7.82% 8.46% 3.27% 4.08% 7.55%
EPS 0.04 0.08 -50.00% 0.09 0.08 12.50% 0.07 0.03 133.33% 0.04 0.07 -42.86%

Annual Results

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description TTM Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18
Net Sales 149.95 141.56 135.50 125.07 84.56 57.74 11.53 42.15 18.15 Net Sales Growth 5.45% 4.47% 8.34% 47.91% 46.45% 400.78% -72.65% 132.23% Cost Of Goods Sold 126.64 113.73 109.87 101.78 72.41 53.04 10.85 41.19 17.89 Gross Profit 23.31 27.84 25.64 23.29 12.15 4.71 0.68 0.96 0.26 GP Margin 15.55% 19.67% 18.92% 18.62% 14.37% 8.16% 5.90% 2.28% 1.43% Total Expenditure 132.41 124.27 119.80 111.88 79.42 55.69 11.06 41.91 18.05 Power & Fuel Cost - 0.10 0.12 0.12 0.08 0.02 0.00 0.00 0.00 % Of Sales - 0.07% 0.09% 0.10% 0.09% 0.03% 0% 0% 0% Employee Cost - 2.90 3.49 3.06 2.22 0.91 0.02 0.10 0.07 % Of Sales - 2.05% 2.58% 2.45% 2.63% 1.58% 0.17% 0.24% 0.39% Manufacturing Exp. - 2.74 1.66 1.79 2.15 0.04 0.00 0.00 0.00 % Of Sales - 1.94% 1.23% 1.43% 2.54% 0.07% 0% 0% 0% General & Admin Exp. - 1.94 1.63 2.72 1.22 0.42 0.14 0.55 0.07 % Of Sales - 1.37% 1.20% 2.17% 1.44% 0.73% 1.21% 1.30% 0.39% Selling & Distn. Exp. - 2.61 2.76 2.38 1.30 1.24 0.02 0.04 0.00 % Of Sales - 1.84% 2.04% 1.90% 1.54% 2.15% 0.17% 0.09% 0% Miscellaneous Exp. - 0.26 0.28 0.03 0.03 0.02 0.02 0.03 0.02 % Of Sales - 0.18% 0.21% 0.02% 0.04% 0.03% 0.17% 0.07% 0.11% EBITDA 17.52 17.29 15.70 13.19 5.14 2.05 0.47 0.24 0.10 EBITDA Margin 11.68% 12.21% 11.59% 10.55% 6.08% 3.55% 4.08% 0.57% 0.55% Other Income 0.58 0.74 0.50 0.71 0.27 0.31 0.00 0.01 0.00 Interest 0.88 1.17 1.16 0.86 0.58 0.21 0.33 0.19 0.00 Depreciation 1.64 1.63 1.12 0.27 0.12 0.04 0.02 0.02 0.00 PBT 15.60 15.22 13.92 12.77 4.72 2.12 0.13 0.04 0.10 Tax 4.57 4.47 4.17 3.74 1.31 0.59 0.03 0.01 0.02 Tax Rate 29.29% 29.37% 29.96% 29.29% 27.75% 27.83% 23.08% 25.00% 20.00% PAT 11.04 10.75 9.75 9.03 3.41 1.54 0.10 0.03 0.07 PAT before Minority Interest 11.04 10.75 9.75 9.03 3.41 1.54 0.10 0.03 0.07 Minority Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT Margin 7.36% 7.59% 7.20% 7.22% 4.03% 2.67% 0.87% 0.07% 0.39% PAT Growth -10.24% 10.26% 7.97% 164.81% 121.43% 1,440.00% 233.33% -57.14% EPS 0.23 0.22 0.20 0.18 0.07 0.03 0.00 0.00 0.00

Description TTM Mar 25 Mar 24 Mar 23
Net Sales 188.35 184.60 152.85 164.66 Net Sales Growth 2.86% 20.77% -7.17% Cost Of Goods Sold 161.51 153.38 125.50 140.25 Gross Profit 26.84 31.22 27.35 24.40 GP Margin 14.25% 16.91% 17.89% 14.82% Total Expenditure 169.89 166.57 136.36 151.10 Power & Fuel Cost - 0.32 0.34 0.34 % Of Sales - 0.17% 0.22% 0.21% Employee Cost - 4.64 3.73 3.18 % Of Sales - 2.51% 2.44% 1.93% Manufacturing Exp. - 2.85 1.72 2.00 % Of Sales - 1.54% 1.13% 1.21% General & Admin Exp. - 2.49 2.02 2.92 % Of Sales - 1.35% 1.32% 1.77% Selling & Distn. Exp. - 2.62 2.77 2.39 % Of Sales - 1.42% 1.81% 1.45% Miscellaneous Exp. - 0.26 0.29 0.03 % Of Sales - 0.14% 0.19% 0.02% EBITDA 18.46 18.03 16.49 13.56 EBITDA Margin 9.80% 9.77% 10.79% 8.24% Other Income 0.61 0.77 0.50 0.71 Interest 0.89 1.20 1.17 0.86 Depreciation 1.79 1.76 1.21 0.29 PBT 16.40 15.85 14.60 13.11 Tax 4.77 4.62 4.36 3.83 Tax Rate 29.09% 29.15% 29.86% 29.21% PAT 11.63 11.23 10.24 9.28 PAT before Minority Interest 11.63 11.23 10.24 9.28 Minority Interest 0.00 0.00 0.00 0.00 PAT Margin 6.17% 6.08% 6.70% 5.64% PAT Growth -8.43% 9.67% 10.34% EPS 0.24 0.23 0.21 0.19

Results Balance Sheet

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18
Shareholder's Funds 393.09 382.31 372.56 15.35 11.94 10.40 10.30 7.07 Share Capital 48.84 34.89 26.17 10.20 10.20 10.20 10.20 7.00 Total Reserves 344.25 347.43 346.40 5.15 1.74 0.20 0.10 0.07 Non-Current Liabilities -0.07 0.63 -0.04 -0.02 -0.01 -0.01 0.00 0.00 Secured Loans 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Unsecured Loans 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Long Term Provisions 0.09 0.09 0.00 0.00 0.00 0.00 0.00 0.00 Current Liabilities 60.28 63.62 38.20 41.69 27.04 2.55 6.89 2.24 Trade Payables 33.53 43.10 27.18 32.40 21.21 2.47 0.94 2.20 Other Current Liabilities 8.84 4.65 0.80 0.77 0.32 0.02 0.00 0.00 Short Term Borrowings 9.14 7.91 4.56 6.60 4.93 0.03 5.93 0.00 Short Term Provisions 8.77 7.95 5.67 1.92 0.59 0.04 0.01 0.03 Total Liabilities 453.30 446.56 410.72 57.02 38.97 12.94 17.19 9.31 Net Block 3.87 4.92 0.90 0.76 0.18 0.05 0.03 0.01 Gross Block 7.08 6.50 1.36 0.95 0.25 0.09 0.04 0.01 Accumulated Depreciation 3.21 1.58 0.46 0.19 0.07 0.04 0.02 0.00 Non Current Assets 352.23 353.28 349.10 0.76 0.18 0.05 0.03 0.01 Capital Work in Progress 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Non Current Investment 348.35 348.35 348.18 0.00 0.00 0.00 0.00 0.00 Long Term Loans & Adv. 0.01 0.01 0.01 0.00 0.00 0.00 0.00 0.00 Other Non Current Assets 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Current Assets 101.07 93.28 61.63 56.25 38.77 12.86 17.10 9.31 Current Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Inventories 53.90 45.79 31.61 14.05 9.98 0.18 0.00 0.06 Sundry Debtors 31.51 31.10 21.03 30.44 21.23 9.19 17.04 8.85 Cash & Bank 1.92 1.65 1.46 1.15 0.94 0.00 0.00 0.16 Other Current Assets 13.74 0.00 0.00 0.00 6.62 3.49 0.06 0.23 Short Term Loans & Adv. 13.74 14.74 7.53 10.61 6.62 3.49 0.06 0.15 Net Current Assets 40.78 29.67 23.43 14.56 11.73 10.30 10.21 7.07 Total Assets 453.30 446.56 410.73 57.01 38.97 12.95 17.19 9.32

Description Mar 25 Mar 24 Mar 23
Shareholder's Funds 393.41 382.48 372.56 Share Capital 48.84 34.89 26.17 Total Reserves 344.57 347.60 346.40 Non-Current Liabilities 0.06 0.68 -0.05 Secured Loans 0.00 0.00 0.01 Unsecured Loans 0.00 0.02 0.00 Long Term Provisions 0.15 0.09 0.00 Current Liabilities 70.45 61.07 40.94 Trade Payables 41.89 38.97 31.20 Other Current Liabilities 10.29 5.95 1.35 Short Term Borrowings 9.14 7.91 4.56 Short Term Provisions 9.13 8.24 3.84 Total Liabilities 469.19 449.18 418.05 Net Block 350.03 351.06 346.87 Gross Block 353.99 353.33 347.93 Accumulated Depreciation 3.96 2.27 1.06 Non Current Assets 350.23 351.07 346.88 Capital Work in Progress 0.00 0.00 0.00 Non Current Investment 0.00 0.00 0.00 Long Term Loans & Adv. 0.20 0.01 0.01 Other Non Current Assets 0.00 0.00 0.00 Current Assets 118.96 98.11 71.18 Current Investments 0.00 0.00 0.00 Inventories 58.81 49.06 34.95 Sundry Debtors 42.85 31.43 25.05 Cash & Bank 2.03 1.74 1.48 Other Current Assets 15.27 0.03 0.00 Short Term Loans & Adv. 15.27 15.85 9.71 Net Current Assets 48.51 37.04 30.24 Total Assets 469.19 449.18 418.06

Cash Flow

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18
Cash From Operating Activity 1.41 2.16 3.62 -0.18 -3.60 6.27 -9.06 -6.83 PBT 15.22 13.92 12.77 4.72 0.94 0.06 0.01 0.10 Adjustment 2.81 2.29 1.12 0.70 0.25 0.35 0.20 0.01 Changes in Working Capital -12.04 -9.84 -6.52 -4.27 -5.37 5.83 -9.28 -6.94 Cash after chg. in Working capital 5.98 6.36 7.38 1.15 -4.19 6.24 -9.06 -6.83 Interest Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Tax Paid -4.57 -4.20 -3.75 -1.32 0.59 0.04 0.00 0.00 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Cash From Investing Activity -0.58 -5.31 -0.41 -0.70 -0.16 -0.04 -0.04 -0.01 Net Fixed Assets -0.58 -5.14 -0.41 -0.70 -0.16 -0.05 -0.03 Net Investments 0.00 -0.17 -348.18 0.00 0.00 0.00 0.00 Others 0.00 0.00 348.18 0.00 0.00 0.01 -0.01 Cash from Financing Activity -0.56 3.33 -2.90 1.09 4.69 -6.23 8.94 7.00 Net Cash Inflow / Outflow 0.27 0.19 0.31 0.22 0.93 0.00 -0.16 0.16 Opening Cash & Equivalents 1.65 1.46 1.15 0.94 0.00 0.00 0.16 0.00 Closing Cash & Equivalent 1.92 1.65 1.46 1.15 0.94 0.00 0.00 0.16

Description Mar 25 Mar 24 Mar 23
Cash From Operating Activity 1.56 2.14 -1.00 PBT 15.85 14.60 13.11 Adjustment 2.96 2.38 1.15 Changes in Working Capital -12.50 -10.45 -11.42 Cash after chg. in Working capital 6.30 6.53 2.85 Interest Paid 0.00 0.00 0.00 Tax Paid -4.74 -4.39 -3.84 Other Direct Exp. Paid 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 Cash From Investing Activity -0.88 -5.57 -0.42 Net Fixed Assets -0.58 -5.14 Net Investments 0.00 -0.17 Others -0.30 -0.26 Cash from Financing Activity -0.39 3.70 1.46 Net Cash Inflow / Outflow 0.29 0.26 0.04 Opening Cash & Equivalents 1.74 1.48 1.43 Closing Cash & Equivalent 2.03 1.74 1.48

Financial Ratios

Standalone /

Consolidated

Right to Left

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18
Book Value (Rs.) 8.05 7.83 7.63 0.75 7.79 10.16 10.04 10.10 ROA 2.39% 2.28% 3.86% 7.10% 5.92% 0.66% 0.23% 0.78% ROE 2.77% 2.58% 4.66% 24.99% 13.79% 0.97% 0.35% 1.03% ROCE 4.14% 3.93% 6.83% 27.32% 17.13% 3.45% 1.98% 1.40% Fixed Asset Turnover 20.84 34.48 108.36 141.21 341.96 175.61 1674.35 2677.46 Receivable days 80.72 70.21 75.12 111.54 96.17 415.16 112.10 177.96 Inventory Days 128.52 104.25 66.63 51.87 32.12 5.65 0.00 1.25 Payable days 122.97 116.75 106.83 135.11 81.47 56.16 13.92 44.66 Cash Conversion Cycle 86.27 57.71 34.91 28.30 46.81 364.64 98.18 134.55 Total Debt/Equity 0.02 0.02 0.01 0.43 0.41 0.00 0.58 0.00 Interest Cover 13.95 12.98 15.91 9.11 11.14 1.41 1.22 62.91

Description Mar 25 Mar 24 Mar 23
Book Value (Rs.) 8.05 7.83 7.63 ROA 2.45% 2.36% 2.22% ROE 2.90% 2.71% 2.49% ROCE 4.30% 4.11% 3.70% Fixed Asset Turnover 0.52 0.44 0.47 Receivable days 73.43 67.44 55.52 Inventory Days 106.64 100.30 77.47 Payable days 96.20 102.03 81.19 Cash Conversion Cycle 83.87 65.70 51.80 Total Debt/Equity 0.02 0.02 0.01 Interest Cover 14.21 13.45 16.24

Top Investors:

narender singh chadha

varinder singh sachdeva

mehar raj singh chadha

jasbir singh alang

harkanwar singh sethi

gurjeet kaur dang

Annual Reports:

News Update:

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Source: www.accordfintech.com | DISCLAIMER: Information is provided " as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed.

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