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Hardwyn India (HARDWYN) had a P/E of 48.1× on 6 Nov 2026, above the industry P/E of 24.8×, and the shares are 55% below their 52-week high. Sales and net profit grew 6.7% and 12% a year over 3 years; its ROCE of 4.8% is the lowest among the 7 largest Building Products & Equipment peers. It carries very little debt. It is a small-cap company with a market cap of ₹624 Cr, ranked 21st of 64 Building Products & Equipment companies by market cap; the shares fell 18% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year
Open
₹9.10
Day high
₹9.27
Day low
₹8.92
Prev. close
₹9.10
Volume
4.2 L

Health check

1 good · 1 fair · 4 to check
  • ReturnsBehind

    −18.1% over a year, better than 1 of 7 peers.

  • Price tagPricier

    P/E 48.1 vs industry 24.8.

  • GrowthSteady

    Sales +6.7%, profit +12.5% a year over 3 years.

  • ProfitabilityWeak

    ROCE 4.8% vs peer median 20.7%.

  • Balance sheetSolid

    Practically debt-free, Piotroski 8 of 9.

  • Red flags5 to check

    Return on equity is low at 3.3%.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Building Products & Equipment

63 listed peers. Screen the industry

Small cap

₹624 Cr, #21 of 64 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Jun 2026: sales ₹192 Cr · profit ₹12 Cr
Market cap
₹624 Cr
Small cap
P/E
48.1
Industry 24.8
Price to book
1.54
Peers 7.95
Dividend yield
0.00%
ROE
3.3%
Peers 18.7%
ROCE
4.8%
Peers 20.7%
Debt to equity
0.02
Debt ₹6.44 Cr
EPS (TTM)
₹0.19
Face value ₹1
OPM (TTM)
10.4%
Net margin 6.5%
Sales growth
−19.4%
Latest quarter vs a year ago
Profit growth
−22.9%
Latest quarter vs a year ago
Price to sales
3.26
EV/EBITDA 21.7

Strengths and risks

Strengths

  • Practically debt-free.

Risks to check

  • Return on equity is low at 3.3%.
  • Quarterly profit down 22.9% on a year ago.
  • Quarterly sales down 19.4% on a year ago.
  • P/E of 48.1 against an industry P/E of 24.8.
  • 55% below its 52-week high.

Derived automatically from reported figures. Not a recommendation.

About Hardwyn India

Hardwyn India Limited wholesales and retails architectural hardware and glass fittings, kitchen hardware, accessories, and appliances in India. It also offers aluminium and allied products. The company was formerly known as Garv Industries Limited and changed its name to Hardwyn India Limited in January 2020. Hardwyn India Limited was founded in 1965 and is based in New Delhi, India.

Headquarters
New Delhi
Sector
Industrials
ISIN
INE626Z01029
Website
hardwyn.com

Price range

52 weeks

₹7.61₹20.20

Today

₹8.92₹9.27
Avg volume (3M)
15.6 L
1-year return
minus 18.1%
From 52-week high
minus 54.8%

Peers · Building Products & Equipment

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
CPPLUSAditya Infotech4,131.40minus 0.94%50,68282.288.325.9%14.5%0.1022.7%plus 215.4%
SUPREMEINDSupreme Industries3,156.90minus 4.07%40,11835.525.019.6%14.4%0.016.8%minus 15.4%
ASTRALAstral1,253.60minus 9.68%33,67859.331.117.6%15.5%0.088.4%minus 5.4%
BLUESTARCOBlue Star1,575.00plus 0.19%32,38160.633.420.7%6.6%0.2215.7%minus 18.0%
GRINDWELLGrindwell Norton1,919.10minus 0.55%21,24846.034.121.0%19.2%0.026.6%plus 16.8%
KAJARIACERKajaria Ceramics1,180.70minus 2.08%18,55431.121.021.0%19.0%0.133.3%plus 3.3%
FINPIPEFinolex Industries141.95minus 1.95%8,77714.59.512.6%17.5%0.02−2.4%minus 23.1%
HARDWYNHardwyn India9.13plus 0.33%62448.129.64.8%10.4%0.026.7%minus 18.1%
Median of 7 peers–−1.95%32,38146.031.120.7%15.5%0.086.8%−5.4%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Sep 25Dec 25Mar 26Jun 26
42.950.749.157.234.6
37.343.946.151.430.1
5.76.835.74.5
13.2%13.4%6.2%10.0%13.0%
0.100.10.30
0.20.20.20.50.3
0.40.50.50.50.5
5.26.22.553.7
29.5%29.2%27.4%31.9%24.4%
3.64.41.83.42.8
0.050.060.030.050.04

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+6.7%
Profit CAGR 3Y
+12.5%
EPS CAGR 3Y
+11.9%
ROE
3.3%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
165153185200
–minus 7.2%+20.8%+8.3%
151136167179
13.616.51821.2
8.2%10.8%9.8%10.6%
0.50.50.80.6
0.71.21.21.1
0.31.21.81.8
13.114.615.818.8
29.2%29.9%29.1%29.8%
9.310.211.213.2
–+10.3%+9.7%+17.6%
0.140.150.160.19

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
26.234.948.848.8
346348345357
4.69.29.96.4
4153.761.753.3
418445465466
15.14.15
0.20.122.1
417440459459
418445465466

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
−12.11.67.3
−0.4−5.6−0.9−2.7
1.53.7−0.4−4.5
00.30.30.1
−0.4−5.4−0.9−2.7
−1.4−3.30.74.6

Shareholding pattern

Source: NSE filings
43.8%
promoters
  • Promoters43.77%
  • Public56.23%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202643.77%56.23%0.00
29 Jul 202643.77%56.23%0.00
30 Jun 202643.77%56.23%0.00
31 Mar 202643.77%56.23%0.00
31 Dec 202543.77%56.23%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you