Hardwyn India

NSE: HARDWYN · Furniture, Home Furnishing

52W Range₹8 ₹28

Snapshot

Unlock Hardwyn India's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Hardwyn India Limited is a manufacturer and trader of architectural hardware and glass fittings, offering a diverse range of products including door closers, shower enclosures, and electronic safes. The company serves a professional clientele comprising architects, builders, and interior decorators across domestic and international markets.

Business Model

The company operates through the trading and distribution of specialized architectural hardware and aluminum products under the Hardwyn brand. It generates revenue by supplying these components to corporate houses, government contractors, and fabricators for residential and commercial infrastructure projects.

  • Founded:1965
  • Former Name:Garv Industries Limited

Growth Outlook

Growth is driven by the expansion of the Indian real estate and infrastructure sectors, which increases demand for architectural fittings and interior hardware. The company leverages its long-standing brand presence to capture market share among professional builders and government contractors.

Key Risks

  • Raw Material Price Volatility. Fluctuations in the costs of aluminium, brass, and zinc can significantly impact the company's profit margins.
  • Competitive Market Pressure. The architectural hardware industry is highly fragmented, leading to intense price competition from both unorganised players and established brands.
  • Real Estate Cyclicality. The company's performance is closely tied to the health of the construction and real estate sectors, which are prone to economic cycles.

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Key Metrics

REVENUE

₹192 Cr

TTM · consolidated

+2.6%YoY

NET PROFIT

₹12 Cr

TTM · consolidated

-8.3%YoY

EPS

₹0.26

TTM · consolidated

-13.3%YoY

RETURN ON EQUITY

3.1%

TTM · consolidated

-0.3 ppYoY

RETURN ON CAPITAL EMPLOYED

4.6%

TTM · consolidated

-0.5 ppYoY

P/E

35.1x

Q1 FY27 · consolidated

35.1 vs 28.5x5Y avg

EV/EBITDA

30.6x

Q1 FY27 · consolidated

30.6 vs 35.0x5Y avg

EBITDA MARGIN

10.7%

TTM · consolidated

-1.1 ppYoY

NET PROFIT MARGIN

8.1%

Q1 FY27 · consolidated

-0.4 ppYoY

DEBT TO EQUITY

0.0x

Q1 FY27 · consolidated

-0.01xYoY

Peers · Furniture, Home Furnishing

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Hardwyn IndiaHARDWYN
₹624 Cr35.1230.632.6%10.7%3.1%4.6%-32.5%
Responsive Industries LimitedRESPONIND
₹4,130 Cr40.7621.30-13.1%16.2%7.0%8.2%-19.7%
Euro Pratik SaleEUROPRATIK
₹2,696 Cr31.2921.2034.0%28.4%36.1%
Safe EnterprisesSAFEENTP
₹1,272 Cr36.0%+33.2%
BirlaNu LtdBIRLANU
₹1,092 Cr-10.0322.248.2%2.2%-9.4%-1.6%-25.8%
Stanley Lifestyles LimitedSTANLEY
₹774 Cr165.227.93-5.6%23.1%1.3%5.0%-54.7%

As of Q1 FY27

Financials