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:

26046.95

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85267.66

148.40 (0.57%)
449.53 (0.53%)

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Nifty
Sensex

:
:

26046.95
85267.66

148.40 (0.57%)
449.53 (0.53%)

Hardwyn India Ltd.

Aluminium & Aluminium Products

Rating :

55/99

BSE: 541276 | NSE: HARDWYN

Watchlist

NSE BSE

17.90

12-Dec-2025

Open
High
Low
Previous Close

16.7
17.95
16.7
16.53

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

4614754
82093829.48
22.82
10.75

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

873.32
63.11
1

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

876.47
N/A
2.18

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

-
-
-

P:BV (Average)

8 Years
5 Years
3 Years

-
-
-

EV:EBITDA (Average)

8 Years
5 Years
3 Years

-
-
-

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone

Description Sep 25 Sep 24 Var% Jun 25 Jun 24 Var% Mar 25 Mar 24 Var% Dec 24 Dec 23 Var%
Net Sales 43.14 39.87 8.20% 31.95 30.90 3.40% 36.30 36.94 -1.73% 34.49 35.06 -1.63%
Expenses 36.70 33.93 8.16% 26.50 28.67 -7.57% 33.46 31.13 7.48% 28.21 28.70 -1.71%
EBITDA 6.44 5.94 8.42% 5.45 2.23 144.39% 2.83 5.81 -51.29% 6.28 6.37 -1.41%
EBIDTM 14.93% 14.90% 17.05% 7.23% 7.80% 15.74% 18.20% 18.16%
Other Income 0.03 0.09 -66.67% 0.05 0.03 66.67% 0.36 0.15 140.00% 0.26 0.07 271.43%
Interest 0.19 0.15 26.67% 0.17 0.16 6.25% 0.29 0.29 0.00% 0.58 0.51 13.73%
Depreciation 0.42 0.41 2.44% 0.38 0.40 -5.00% 0.42 0.87 -51.72% 0.41 0.13 215.38%
PBT 5.86 5.48 6.93% 4.95 1.70 191.18% 2.49 4.80 -48.12% 5.55 5.79 -4.15%
Tax 1.71 1.60 6.88% 1.45 0.50 190.00% 0.75 1.51 -50.33% 1.61 1.69 -4.73%
PAT 4.15 3.87 7.24% 3.51 1.20 192.50% 1.74 3.30 -47.27% 3.93 4.11 -4.38%
PATM 9.62% 9.72% 10.98% 3.89% 4.79% 8.93% 11.41% 11.71%
EPS 0.08 0.08 0.00% 0.07 0.02 250.00% 0.04 0.07 -42.86% 0.08 0.08 0.00%

Description Sep 25 Sep 24 Var% Jun 25 Jun 24 Var% Mar 25 Mar 24 Var% Dec 24 Dec 23 Var%
Net Sales 50.69 51.65 -1.86% 42.94 40.93 4.91% 45.64 44.15 3.37% 46.39 39.90 16.27%
Expenses 43.91 45.43 -3.35% 37.26 38.48 -3.17% 42.66 38.18 11.73% 39.99 33.25 20.27%
EBITDA 6.77 6.22 8.84% 5.69 2.45 132.24% 2.98 5.97 -50.08% 6.40 6.65 -3.76%
EBIDTM 13.36% 12.04% 13.25% 5.97% 6.52% 13.52% 13.79% 16.66%
Other Income 0.03 0.09 -66.67% 0.05 0.03 66.67% 0.39 0.15 160.00% 0.26 0.07 271.43%
Interest 0.20 0.16 25.00% 0.17 0.16 6.25% 0.29 0.30 -3.33% 0.59 0.51 15.69%
Depreciation 0.46 0.45 2.22% 0.41 0.43 -4.65% 0.45 0.94 -52.13% 0.44 0.14 214.29%
PBT 6.15 5.70 7.89% 5.15 1.89 172.49% 2.63 4.88 -46.11% 5.63 6.07 -7.25%
Tax 1.80 1.66 8.43% 1.52 0.55 176.36% 0.77 1.54 -50.00% 1.64 1.76 -6.82%
PAT 4.35 4.04 7.67% 3.63 1.34 170.90% 1.86 3.33 -44.14% 3.99 4.31 -7.42%
PATM 8.59% 7.82% 8.46% 3.27% 4.08% 7.55% 8.60% 10.80%
EPS 0.09 0.08 12.50% 0.07 0.03 133.33% 0.04 0.07 -42.86% 0.08 0.09 -11.11%

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 145.88 141.56 135.50 125.07 84.56 57.74 11.53 42.15 18.15 Net Sales Growth 2.18% 4.47% 8.34% 47.91% 46.45% 400.78% -72.65% 132.23% Cost Of Goods Sold 119.80 113.73 109.87 101.78 72.41 53.04 10.85 41.19 17.89 Gross Profit 26.08 27.84 25.64 23.29 12.15 4.71 0.68 0.96 0.26 GP Margin 17.87% 19.67% 18.92% 18.62% 14.37% 8.16% 5.90% 2.28% 1.43% Total Expenditure 124.87 124.27 119.80 111.88 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 21.00 17.29 15.70 13.19 5.14 2.05 0.47 0.24 0.10 EBITDA Margin 14.40% 12.21% 11.59% 10.55% 6.08% 3.55% 4.08% 0.57% 0.55% Other Income 0.70 0.74 0.50 0.71 0.27 0.31 0.00 0.01 0.00 Interest 1.23 1.17 1.16 0.86 0.58 0.21 0.33 0.19 0.00 Depreciation 1.63 1.63 1.12 0.27 0.12 0.04 0.02 0.02 0.00 PBT 18.85 15.22 13.92 12.77 4.72 2.12 0.13 0.04 0.10 Tax 5.52 4.47 4.17 3.74 1.31 0.59 0.03 0.01 0.02 Tax Rate 29.28% 29.37% 29.96% 29.29% 27.75% 27.83% 23.08% 25.00% 20.00% PAT 13.33 10.75 9.75 9.03 3.41 1.54 0.10 0.03 0.07 PAT before Minority Interest 13.33 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 9.14% 7.59% 7.20% 7.22% 4.03% 2.67% 0.87% 0.07% 0.39% PAT Growth 6.81% 10.26% 7.97% 164.81% 121.43% 1,440.00% 233.33% -57.14% EPS 0.27 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 185.66 184.60 152.85 164.66 Net Sales Growth 5.11% 20.77% -7.17% Cost Of Goods Sold 155.93 153.38 125.50 140.25 Gross Profit 29.73 31.22 27.35 24.40 GP Margin 16.01% 16.91% 17.89% 14.82% Total Expenditure 163.82 166.57 136.36 151.10 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 21.84 18.03 16.49 13.56 EBITDA Margin 11.76% 9.77% 10.79% 8.24% Other Income 0.73 0.77 0.50 0.71 Interest 1.25 1.20 1.17 0.86 Depreciation 1.76 1.76 1.21 0.29 PBT 19.56 15.85 14.60 13.11 Tax 5.73 4.62 4.36 3.83 Tax Rate 29.29% 29.15% 29.86% 29.21% PAT 13.83 11.23 10.24 9.28 PAT before Minority Interest 13.83 11.23 10.24 9.28 Minority Interest 0.00 0.00 0.00 0.00 PAT Margin 7.45% 6.08% 6.70% 5.64% PAT Growth 6.22% 9.67% 10.34% EPS 0.28 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:

Hardwyn India launches BIS-Certified 3D Cabinet Hinges
30th Sep 2025, 12:30 PM

The company has launched advanced 3D Cabinet Hinges, engineered for precision, durability, and smooth functionality in modern furniture applications
Read More

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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