NSE: HAWKINCOOK · BSE: 508486
HAWKINS COOKERS LTD
Manufactures and sells pressure cookers, cookware and kitchen electricals, with these three categories together making up 84% of revenue. Operations run from 4 manufacturing plants and 2 offices. The largest cost is raw materials at 38.8% of revenue, with other operating expenses at 26.1% and employee costs at 10.3%, while capex is modest at 3.1%. FY26 total income was Rs 1,252.93 crore and net profit Rs 131.19 crore, on an EBITDA margin of 15.463%. The Thane plant operates a Zero Liquid Discharge system, and the board has recommended a Rs 140 per share dividend. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Pressure cookers, cookware and kitchen electricals (84%), Other products. Manufacturing-led consumer durables houseware brand
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 958 | 1,006 | 1,024 | 1,116 | 1,253 |
| EBITDA (ex other income) | 120 | 135 | 150 | 155 | 181 |
| margin % | 12.5 | 13.5 | 14.7 | 13.8 | 14.4 |
| Owners' profit | 84 | 95 | 110 | 115 | 131 |
| EPS, as reported (₹) | 158.64 | 179.24 | 207.72 | 216.90 | 248.10 |
| ROE % · ROCE % | 39.3 · 46.9 | 34.3 · 43.0 | 32.9 · 42.7 | 29.9 · 38.6 | 29.5 · 37.9 |
| Debt / equity (x) | 0.20 | 0.15 | 0.09 | 0.06 | 0.07 |
| Cash from operations | (52) | 92 | 174 | 102 | 88 |
| Capex | (20) | (20) | (26) | (33) | (39) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 228 | 296 | 286 | 307 | 239 | 316 | 332 | 365 |
| Profit before tax | 34 | 46 | 29 | 47 | 35 | 43 | 45 | 54 |
| Net profit | 25 | 34 | 21 | 34 | 26 | 32 | 34 | 40 |
| EPS (₹) | 47.37 | 64.46 | 40.09 | 64.97 | 49.05 | 60.43 | 63.39 | 75.22 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| CELLO WORLD LIMITED | 7,444 | 24.1 | 2.76 | 14.2 | 12.3 | 16.1 | — | 22.2 |
| HAWKINS COOKERS LTD ◆ | 4,002 | 30.5 | 8.99 | — | 29.5 | 37.2 | — | 15.8 |
| BOROSIL LIMITED | 2,882 | 41.1 | 3.25 | 15.5 | 8.4 | 9.9 | 15.4 | 16.2 |
| ALL TIME PLASTICS LIMITED | 1,277 | 35.3 | 2.08 | 13.7 | 5.8 | 6.9 | — | 16.7 |
| Maruti Interior Products Limit | 213 | 3.5 | — | — | — | 21.6 | — | — |
| Inflame Appliances Limited | 172 | 74.1 | — | — | — | 10.0 | — | — |
| GOTHI PLASCON (INDIA) LTD. | 39 | 16.9 | 3.55 | — | 16.6 | 16.4 | — | 63.6 |
| Riddhi Display Equipments Limi | 26 | 4.6 | — | — | — | 14.3 | — | — |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 30.5 | 30.5 | 5 of 9 | 50% |
| P/B | 9.0 | 3.0 | 6 of 6 | 0% |
| ROCE | 37.2 | 14.3 | 1 of 9 | 100% |
| ROE | 29.5 | 10.3 | 1 of 6 | 100% |
| Debt / Equity | 0.1 | 0.1 | 2 of 6 | 80% |
| EBITDA margin | 15.8 | 16.4 | 5 of 6 | 20% |
| Revenue growth | 19.2 | 9.0 | 2 of 7 | 83% |
| Profit growth | 15.7 | (7.8) | 2 of 6 | 80% |
| Market cap | 4002 | 213 | 2 of 9 | 88% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 24 Oct 2026 · Board to approve September quarter and half-year results | results | low | — | — |
| 19 Oct 2026 · Notice of SEBI special window for physical share dematerialisation | compliance | minimal | — | — |
| 10 Oct 2026 · Quarterly dematerialisation certificate filed with BSE for Q2 FY27 | compliance | minimal | — | — |
| 25 Sept 2026 · Hawkins Cookers: Trading Window Closed from Oct 1 to Nov 14 for Q2 Results | compliance | minimal | — | — |
| 25 Aug 2026 · Hawkins Cookers postal ballot notice for cost auditor remuneration | compliance | minimal | — | — |
| 24 Aug 2026 · Postal Ballot for ratifying Cost Auditor remuneration for FY 2026-27 | compliance | minimal | — | — |
| 20 Aug 2026 · Notice on special window for physical share transfer and demat | compliance | minimal | — | — |
| 17 Aug 2026 · Cost Auditor appointed for FY 2026-27 | management changes | low | — | — |
| 3 Aug 2026 · Independent Director Ravi Kant retires after completing second five-year term | management changes | medium | — | — |
| 3 Aug 2026 · Hawkins Cookers: Independent Director Ravi Kant retires after two terms | management changes | medium | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.