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Companies›Consumer Discretionary›Consumer Durables›Consumer Durables
NSE:HINDWAREAP

HINDWARE HME INOVATON LTD

Consumer Durables › Consumer Durables
₹172.00
at close · 28 Oct 2026
▲ 8.00 (+4.88%)

Latest filings

  1. NCLT sanctions demerger and amalgamation scheme of Hindware Home Innovation · Regulatory & Legal
  2. Hindware Home Innovation: Reg 74(5) compliance certificate for Q2 FY27 · Compliance
  3. Subsidiary gets Rs 1.27 cr VAT demand from Kerala tax dept · Regulatory & Legal
All filings ↓
Ask Nexa about HINDWARE HME INOVATON LTD

Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Manufactures and sells home building products and consumer appliances, with almost nine-tenths of FY26 segment revenue coming from Building Products (Bathware plus PVC Pipes) and the remainder from Consumer Appliances. The Building Products segment recorded ₹2,193.4 crore and the Consumer Appliances segment ₹318.07 crore for the year ended 31 March 2026. Within Building Products, the Bathware line (sanitary ware, faucets, tiles) was the largest contributor at ₹1,520 crore, up 10% year-on-year, while Pipes delivered ₹673 crore. Consumer Appliances, including kitchen appliances, water heaters and related products, recorded ₹317 crore in FY26 and was loss-making at the segment EBIT level. The single largest input cost is materials at 28.5% of revenue, with PVC resin a key exposure for Pipes — the price moved from ₹68 to ₹114/kg in March 2026 and disrupted Q4. The Roorkee Pipes plant became operational from January 2026 and is expected to add meaningful volume from H2 FY27. The company is also undergoing a demerger into two listed entities, pending NCLT sanction.

Revenue mix · reported segments
Building Products87.3%
Consumer appliances business12.7%
Others0.0%
Operating scale
Bathware FY26 revenue
₹1,520 croreFY26
Pipes FY26 revenue
₹673 croreFY26
Consumer Appliances FY26 revenue
₹317 croreFY26
Bathware FY26 EBIT
₹117 crore (within Building Products segment)FY26
Employees
471FY26
Roorkee pipes plant
Operational from January 2026FY27
Who pays it
Indian retail home buyers, plumbing contractors and real estate developers for building products; retail consumers for kitchen appliances and water heaters.
Biggest cost
Raw materials at 28.5% of revenue, with PVC resin particularly significant for the Pipes business.
Kind of business
Multi-product consumer durables business covering Bathware, Pipes and Consumer Appliances, with material cost exposure and a capital expenditure base of 5.1% of revenue.
Where it sits
Counts among the top five-six national players in the organised Bathware sector in India.
Market Cap
₹1,439 Cr
P / E (TTM)
—
EV / EBITDA
9.3×
Div Yield
—
Growth
7.2%▲
Revenue 5y CAGR
PAT — · EBITDA +2.2%
Quality
12.6%▲
ROCE (5y median)
ROE 4.6% (5y median) · margin 7.2%
Leverage
0.95·
Debt / Equity · moderate
Net debt ₹675 Cr
Revenue FY21→FY26
1.4×▲
Margin −4.7 pts
₹1,775 Cr → ₹2,510 Cr
Cash conversion
6.33×▲
Operating cash ÷ profit · 5 yrs
₹1,138 Cr on ₹180 Cr
Moves on a normal day
1.76%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 229 Consumer Durables peersBar = share of peers beaten · tick = industry median · latest reported figures
P/B#89/189
ROCE#194/219
ROE#173/189
Debt / Equity#171/190
EBITDA margin#103/193
Revenue growth#92/189
Profit growth#32/183

Scorecard

Measured from the filed financials, judged against its Consumer Durables peers · as of FY26 — not investment advice

Strengths
Over 5 years it reported ₹180 Cr of profit and ₹1,138 Cr of operating cash — 6.33×
Profit is converting into cash
Concerns
Erratic profits — up in only 2 of the last 5 years
Carries more debt than its peers — 0.95× equity
higher than 90% of its 190 Consumer Durables peers

Charts

How has the market priced it — with filings on the timeline?

HINDWAREAP · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from HINDWARE HME INOVATON LTD's filed financials and exchange disclosures

What does HINDWARE HME INOVATON LTD do?

HINDWARE HME INOVATON LTD is a Consumer Durables company listed on NSE and BSE, trading under the symbol HINDWAREAP.

Is HINDWARE HME INOVATON LTD profitable?

No. Over the trailing twelve months HINDWARE HME INOVATON LTD reported a net loss of ₹5.81 Cr on revenue of ₹2,604 Cr.

Does HINDWARE HME INOVATON LTD pay a dividend?

Not in the latest reported year — HINDWARE HME INOVATON LTD's dividend payout for FY26 was nil.

Is HINDWARE HME INOVATON LTD debt-free?

No. It reported borrowings of ₹709 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹675 Cr after cash. Debt stands at 0.95× equity. That is higher than 90% of its 190 Consumer Durables peers.

How much does the HINDWARE HME INOVATON LTD share price move in a day?

On a typical session HINDWARE HME INOVATON LTD moves 1.76% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

Where can I track HINDWARE HME INOVATON LTD's announcements?

Every NSE and BSE filing by HINDWARE HME INOVATON LTD appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.