Hardwyn India Limited

NSE: HARDWYN · Unclassified

₹9.13+0.33%06 Nov 2026

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Instant answers about Hardwyn India Limited — computed from its filings, no language model

Market cap₹446 cr

Current price₹9.13

High / Low₹19 / ₹9

P/E57.1

P/B1.10

Book value₹8.3

ROE1.9%

ROCE4.5%

Debt / equity0.01

Dividend yield—

EPS (TTM)₹0.16

Face value₹1

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

	FY23	FY24	FY25	FY26
Revenue	164.7	152.8	184.6	199.9
EBITDA	13.6	16.5	18.0	21.2
Operating margin	8.2%	10.8%	9.8%	10.6%
Interest	0.9	1.2	1.2	1.1
Depreciation	0.3	1.2	1.8	1.9
Profit before tax	13.1	14.6	15.8	18.8
Tax	3.9	4.4	4.6	5.6
Net profit	0.0	0.0	0.0	13.2
EPS ₹	5.86	0.29	0.23	0.27
Operating cash flow	-1.0	2.1	1.6	7.3
Capex	0.4	0.0	0.9	2.7
Dividend paid	0.0	0.0	0.0	0.0
Total assets	418.1	445.4	465.0	466.1
Equity	372.6	382.5	393.4	406.3

Quarterly performance

last 14 quarters · ₹ crore

showing latest 8 of 14 periods

	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26
Revenue	0.0	36.9	31.9	39.9	44.1	40.9	51.6	46.4	45.6	42.9	50.7	49.1	57.1	34.6
Operating profit	0.0	1.6	2.3	6.7	6.0	2.4	6.2	6.4	3.0	5.7	6.8	3.0	5.7	4.5
Operating margin	—	4.3%	7.1%	16.7%	13.5%	6.0%	12.0%	13.8%	6.5%	13.3%	13.4%	6.2%	10.0%	13.0%
Other income	0.0	0.2	0.1	0.1	0.1	0.0	0.1	0.3	0.4	0.1	0.0	0.1	0.3	0.0
Interest	0.0	0.2	0.2	0.5	0.3	0.2	0.2	0.6	0.3	0.2	0.2	0.2	0.5	0.3
Depreciation	0.0	0.1	0.1	0.1	0.9	0.4	0.5	0.4	0.5	0.4	0.5	0.5	0.5	0.5
Profit before tax	0.0	1.6	2.1	6.1	4.9	1.9	5.7	5.6	2.6	5.2	6.2	2.5	5.0	3.7
Tax	0.0	0.5	0.6	1.8	1.5	0.6	1.7	1.6	0.8	1.5	1.8	0.7	1.6	0.9
Net profit	0.0	0.0	1.5	0.0	0.0	1.3	4.0	4.0	0.0	3.6	4.3	0.0	3.5	0.0
EPS ₹	0.00	0.03	0.04	0.12	0.09	0.04	0.11	0.08	0.04	0.07	0.09	0.04	0.07	0.06
Revenue YoY	—	—	—	—	—	11.0%	61.7%	16.3%	3.4%	4.9%	-1.9%	5.8%	25.2%	-19.4%
Profit YoY	—	—	—	—	—	—	173.0%	—	—	170.9%	7.7%	-100.0%	—	-100.0%

Earlier results (standalone, Mar '21 – Dec '22)

₹ crore · from BSE, before the NSE XBRL filings begin

Hardwyn India Limited reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Quarters

	MAR '21†	MAR '22†	JUN '22†	SEP '22†	DEC '22†
Revenue	44.2	33.2	25.6	34.9	34.7
Operating profit	1.8	2.4	1.4	2.0	4.8
Operating margin	4.0%	7.2%	5.6%	5.7%	13.8%
Other income	0.2	0.2	0.0	0.0	0.0
Interest	0.2	0.1	0.2	0.3	0.2
Depreciation	0.0	0.1	0.1	0.1	0.1
Profit before tax	1.8	2.4	1.2	1.6	4.5
Tax	0.5	0.7	0.3	0.5	1.3
Net profit	1.3	1.7	0.9	1.2	3.3
EPS ₹	1.27	1.63	0.85	3.06	2.13
Revenue YoY	—	-25.0%	—	—	—
Profit YoY	—	28.7%	—	—	—

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 11 periods

	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26
ROE	0.4%	0.4%	0.7%	1.4%	2.4%	2.4%	3.0%	3.0%	2.0%	2.8%	1.9%
ROCE	2.8%	4.0%	4.1%	5.0%	4.9%	4.2%	5.0%	5.1%	4.3%	4.8%	4.5%
Net margin	1.4%	1.0%	1.8%	3.0%	5.1%	5.1%	6.2%	6.4%	4.2%	5.7%	4.1%
EBITDA margin	9.7%	10.8%	11.0%	12.0%	11.5%	9.8%	11.4%	11.8%	9.8%	10.6%	10.4%
Debt / equity	0.01	0.02	0.02	0.01	0.01	0.02	0.02	0.01	0.01	0.01	0.01
Interest coverage	12.17	13.48	13.76	17.41	15.96	14.21	16.79	16.65	19.43	18.10	15.00
Asset turnover	0.25	0.34	0.35	0.38	0.40	0.40	0.40	0.38	0.39	0.43	0.41

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 7 periods

	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26
Share capital	26.2	34.9	34.9	34.9	48.8	48.8	48.8
Other equity / reserves	346.4	340.1	347.6	352.8	344.6	352.3	357.5
Total equity	372.6	375.0	382.5	387.7	393.4	401.2	406.3
Borrowings	4.6	5.1	9.2	5.5	9.1	5.2	5.4
Current liabilities	45.5	47.7	57.2	65.8	66.1	75.4	54.0
Non-current liabilities	0.0	0.0	0.8	0.7	0.3	0.3	5.8
Total assets	418.1	427.5	445.4	459.4	465.0	482.3	466.1
Property, plant & equipment	0.9	0.8	3.9	3.4	3.4	3.3	4.0
Capital work-in-progress	0.0	0.0	0.0	—	—	—	—
Investments	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Inventories	35.0	38.0	49.1	52.8	58.8	61.0	52.4
Receivables	25.1	28.9	31.4	34.3	42.9	51.9	46.2
Cash & equivalents	0.2	0.2	0.1	0.1	0.2	0.3	0.2

Cash flow

annual · ₹ crore · line = free cash flow

	FY23	FY24	FY25	FY26
Cash from operations	-1.0	2.1	1.6	7.3
Cash from investing	-0.4	-5.6	-0.9	-2.7
Cash from financing	1.5	3.7	-0.4	-4.5
Capex	0.4	0.0	0.9	2.7
Free cash flow	-1.4	2.1	0.7	4.6
Dividends paid	0.0	0.0	0.0	0.0

Where the assets sit

Mar '26 · ₹ crore

Fixed assets (PPE)

₹4.0 cr1%

Inventories

₹52.4 cr11%

Receivables

₹46.2 cr10%

Cash & equivalents

₹0.2 cr0%

Other assets

₹363.2 cr78%

Peer comparison

largest in Unclassified · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Avantel Limited	36,86,04,549	138.69	—	1059360.68	0.0%
Ducol Organics And Colours Limited	19,55,275	120.00	—	20089.13	0.0%
Jio Platforms Limited	12,57,181	1,406.40	—	3.57	—
SBI Funds Management Limited	1,01,750	499.55	—	—	—
Tamilnadu Telecommunication Limited	91,314	9.93	—	—	—
Manipal Health Enterprises Limited	76,294	646.70	—	—	—
INDO-MIM Limited	59,042	1,219.50	—	—	—
AvenuesAI Limited	45,138	129.25	153.6	9.51	6.2%
Dhoot Transmission Limited	32,761	1,601.60	—	8.11	—
3M India Limited	31,071	27,570.00	53.8	17.57	32.7%
Hardwyn India Limited	446	9.13	57.1	1.10	1.9%

StoxGud checklist: Bearish setup · 3/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month-0.4%

6 months-46.6%

1 year-12.3%

3Y CAGR-21.0%

5Y CAGR—

10Y CAGR—

50-day avg₹9.10

200-day avg₹13.03

RSI (14)51

FAQs

What is the share price of Hardwyn India Limited?

Hardwyn India Limited (HARDWYN) closed at ₹9.13 on NSE on 06 Nov 2026.

What is the market cap of Hardwyn India Limited?

₹446 crore at the latest close.

What is the P/E ratio of Hardwyn India Limited?

57.1, on trailing-twelve-month earnings from its filings.

How fast is Hardwyn India Limited growing?

Hardwyn India Limited: revenue has compounded at 6.7% a year over three years. Latest-quarter revenue is down 19.4% year on year, profit down 100.0%.

How profitable is Hardwyn India Limited?

On a trailing-twelve-month basis return on equity is 1.9%, return on capital employed 4.5%, operating margin 10.4%, net margin 4.1%.

How much debt does Hardwyn India Limited have?

Hardwyn India Limited is debt-free: debt to equity is 0.01 with borrowings of ₹5 cr against cash of ₹0 cr (balance sheet of 2026-03-31). Operating profit covers interest 15.0 times.

Financials parsed from Hardwyn India Limited's own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from MAR '23, annual from FY23, balance sheet from Mar '23. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.