HARDWYN INDIA LIMITED

BSE: HARDWYN541276ISIN INE626Z01029

Consumer Discretionary
Furniture, Home Furnishing
BSE Consumer Discretionary

Share price

₹8.98+0.07 (+0.79%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

Splits and bonuses

27 Dec 2024 · Bonus 2:5
28 Jul 2026 · Bonus 2:5

52W high: ₹19.99
52W low: ₹8.31
Off 52W high: -55.08%
1M return: -4.97%
3M return: -20.18%
6M return: -47.53%
1Y return: -19.41%
20D avg volume: 45,188
50 DMA: ₹9.11
200 DMA: ₹13.08

Key ratios Consolidated

Market cap: ₹614.05 Cr
Current price: ₹8.98
52W high / low: ₹19.99 / ₹8.31
Face value: ₹1.00
P/E: 49.53
P/B: —
EPS (TTM): ₹0.18
Book value / share: —
ROE: —
ROCE: 4.80%
Operating margin: —
Net margin: —
Debt / equity: 0.01
Net debt: ₹5.22 Cr
Interest cover: 18.10
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: 110.6 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	34.60	57.15	49.08	50.69	42.95	45.64	46.38	51.65	40.93	44.15	39.90	31.93
	0.03	0.32	0.14	0.03	0.05	0.39	0.26	0.09	0.03	0.15	0.07	0.08
	34.63	57.47	49.23	50.72	43.00	46.03	46.64	51.74	40.96	44.30	39.97	32.02
	30.93	52.44	46.76	44.57	37.84	43.40	41.01	46.04	39.07	39.42	33.90	29.93
	0.90	0.86	0.97	1.23	0.56	1.69	0.98	1.48	0.78	0.94	1.08	0.99
	32.69	38.67	43.79	41.29	36.93	38.98	42.52	43.68	37.96	37.80	38.82	29.06
	1.10	1.26	1.17	1.16	1.10	1.49	1.01	1.12	1.01	1.04	0.98	0.90
	0.31	0.50	0.23	0.20	0.17	0.29	0.59	0.16	0.16	0.30	0.51	0.20
	0.51	0.51	0.47	0.46	0.41	0.45	0.44	0.45	0.42	0.94	0.14	0.07
	0.74	1.06	1.10	0.63	0.49	1.24	0.77	0.84	0.75	0.92	0.90	—
	3.70	5.04	2.47	6.15	5.16	2.63	5.63	5.70	1.89	4.88	6.07	2.09
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	3.70	5.04	2.47	6.15	5.16	2.63	5.63	5.70	1.89	4.88	6.07	2.09
	0.90	1.61	0.68	1.80	1.52	0.77	1.64	1.66	0.55	1.54	1.76	0.60
	2.80	3.46	1.79	4.35	3.63	1.86	3.99	4.04	1.34	3.33	4.31	1.48
	0.06	0.07	0.04	0.09	0.07	0.04	0.08	0.11	0.04	0.09	0.12	0.04
Key metrics
	4.52	6.05	3.17	6.81	5.74	3.37	6.66	6.31	2.47	6.12	6.72	2.36
	13.10%	10.60%	6.50%	13.40%	13.40%	7.40%	14.40%	12.20%	6.00%	13.90%	16.80%	7.40%
	8.10%	6.10%	3.60%	8.60%	8.50%	4.10%	8.60%	7.80%	3.30%	7.50%	10.80%	4.60%
	—	1.30%	—	1.60%	—	0.70%	—	—	—	—	—	—
	-19.40%	25.20%	5.80%	-1.90%	4.90%	3.40%	16.20%	61.80%	—	—	—	—
	-22.90%	86.00%	-55.10%	7.70%	170.90%	-44.10%	-7.40%	173.00%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23
Income statement
	191.52	199.86	184.60	152.84	164.66
	0.52	0.55	0.77	0.50	0.71
	192.05	200.41	185.37	153.34	165.37
	174.70	181.61	169.52	138.75	152.26
	3.96	3.61	4.94	3.62	3.41
	156.44	160.68	163.14	139.61	158.53
	4.69	4.69	4.64	3.73	3.18
	1.24	1.10	1.20	1.17	0.86
	1.95	1.85	1.76	1.21	0.29
	3.53	3.28	3.60	3.51	4.26
	17.36	18.81	15.85	14.60	13.11
	0.00	0.00	0.00	0.00	0.00
	17.36	18.81	15.85	14.60	13.11
	4.99	5.60	4.62	4.36	3.86
	12.40	13.23	11.23	10.24	9.26
	0.26	0.27	0.23	0.29	5.86
Key metrics
	20.55	21.76	18.81	16.98	14.26
	10.73%	10.90%	10.20%	11.10%	8.70%
	6.47%	6.60%	6.10%	6.70%	5.60%
	—	4.80%	4.30%	—	—
	2.63%	8.30%	20.80%	-7.20%	—
	-8.28%	17.80%	9.70%	10.60%	—
	—	4.60	0.68	—	—
	—	0.55	0.14	—	—
	—	0.01	0.02	—	—
	—	5.22	8.89	—	—
	—	110.6	118.2	—	—
Balance sheet
	—	466.05	465.02	—	—
	—	114.68	114.58	—	—
	—	0.22	0.25	—	—
	—	46.21	42.85	—	—
	—	52.41	58.81	—	—
	—	13.84	9.15	—	—
	—	3.99	3.42	—	—
	—	38.06	41.89	—	—
	—	53.95	66.06	—	—
	—	5.44	9.14	—	—
	—	5.44	9.14	—	—
	—	0.00	0.00	—	—
	—	406.30	398.69	—	—
Cash flow
	—	7.29	1.56	—	—
	—	-2.69	-0.88	—	—
	—	-4.55	-0.39	—	—
	—	2.69	0.88	—	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	30.08	46.41	38.56	43.14	31.95	36.30	34.49	39.87	30.90	36.94	35.06	36.34
	0.03	0.32	0.14	0.03	0.05	0.36	0.26	0.09	0.03	0.15	0.07	0.08
	30.11	46.73	38.70	43.17	32.00	36.65	34.75	39.96	30.93	37.09	35.13	36.43
	26.51	41.78	36.40	37.30	27.04	34.17	29.20	34.49	29.23	32.28	29.34	34.53
	0.88	0.77	0.86	1.13	0.54	1.66	0.95	1.45	0.73	0.85	1.08	0.90
	28.37	29.20	33.47	34.33	26.33	30.49	31.03	32.68	27.63	31.66	34.69	33.48
	0.94	0.86	0.76	0.70	0.60	0.82	0.49	0.62	0.97	0.98	0.88	0.85
	0.21	0.49	0.23	0.19	0.17	0.28	0.58	0.15	0.16	0.29	0.51	0.19
	0.45	0.47	0.42	0.41	0.38	0.42	0.41	0.41	0.40	0.87	0.13	0.06
	0.59	0.82	0.94	0.50	0.42	1.05	0.50	0.65	0.66	0.80	0.78	0.76
	3.60	4.95	2.30	5.86	4.96	2.49	5.55	5.48	1.70	4.80	5.79	1.90
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	3.60	4.95	2.30	5.86	4.96	2.49	5.55	5.48	1.70	4.80	5.79	1.90
	0.88	1.53	0.66	1.71	1.45	0.75	1.61	1.60	0.50	1.51	1.69	0.56
	2.73	3.42	1.64	4.15	3.51	1.74	3.94	3.88	1.20	3.29	4.11	1.34
	0.06	0.07	0.03	0.08	0.07	0.04	0.08	0.12	0.03	0.09	0.12	0.04
Key metrics
	4.26	5.91	2.95	6.46	5.51	3.19	6.54	6.04	2.26	5.96	6.43	2.15
	14.20%	12.70%	7.70%	15.00%	17.20%	8.80%	19.00%	15.10%	7.30%	16.10%	18.30%	5.90%
	9.10%	7.40%	4.30%	9.60%	11.00%	4.80%	11.40%	9.70%	3.90%	8.90%	11.70%	3.70%
	—	1.30%	—	1.50%	—	0.70%	—	—	—	—	—	—
	-5.90%	27.90%	11.80%	8.20%	3.40%	-1.70%	-1.60%	9.70%	—	—	—	—
	-22.20%	96.60%	-58.40%	7.00%	192.50%	-47.10%	-4.10%	189.60%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	158.19	160.05	141.56	135.50	125.07	84.56
	0.52	0.54	0.74	0.50	0.71	0.27
	158.71	160.59	142.30	136.00	125.78	84.83
	141.99	142.53	127.08	122.09	113.00	80.11
	3.64	3.31	4.79	3.36	3.21	2.62
	125.37	123.32	121.83	124.05	119.34	76.48
	3.26	2.92	2.90	3.49	3.06	2.22
	1.12	1.08	1.17	1.16	0.86	0.58
	1.75	1.69	1.63	1.12	0.27	0.12
	2.85	2.68	2.87	3.09	3.83	—
	16.71	18.07	15.22	13.92	12.78	4.72
	0.00	0.00	0.00	—	—	—
	16.71	18.07	15.22	13.92	12.78	4.72
	4.78	5.35	4.47	4.17	3.77	1.31
	11.94	12.71	10.75	9.75	9.01	3.41
	0.24	0.26	0.22	0.28	5.70	3.34
Key metrics
	19.58	20.84	18.02	16.20	13.91	5.42
	12.38%	13.00%	12.70%	12.00%	11.10%	6.40%
	7.55%	7.90%	7.60%	7.20%	7.20%	4.00%
	—	4.70%	4.20%	—	—	—
	10.92%	13.10%	4.50%	8.30%	47.90%	—
	-8.65%	18.20%	10.30%	8.20%	164.20%	—
	—	4.57	0.83	—	—	—
	—	0.54	0.13	—	—	—
	—	0.01	0.02	—	—	—
	—	5.27	9.00	—	—	—
	—	120.9	133.7	—	—	—
Balance sheet
	—	452.45	449.26	—	—	—
	—	99.38	96.87	—	—	—
	—	0.17	0.14	—	—	—
	—	39.21	31.51	—	—	—
	—	46.37	53.90	—	—	—
	—	11.67	7.91	—	—	—
	—	3.60	3.39	—	—	—
	—	32.53	33.53	—	—	—
	—	46.52	56.08	—	—	—
	—	5.44	9.14	—	—	—
	—	5.44	9.14	—	—	—
	—	0.00	0.00	—	—	—
	—	405.81	393.09	—	—	—
Cash flow
	—	6.84	1.41	—	—	—
	—	-2.27	-0.58	—	—	—
	—	-4.43	-0.56	—	—	—
	—	2.27	0.58	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +8.57%
Sales CAGR 5Y: —
Profit CAGR 3Y: +12.15%
Profit CAGR 5Y: —
Sales YoY (TTM): +10.92%
Profit YoY (TTM): -8.65%

Consolidated

Sales CAGR 3Y: +6.67%
Sales CAGR 5Y: —
Profit CAGR 3Y: +12.63%
Profit CAGR 5Y: —
Sales YoY (TTM): +2.63%
Profit YoY (TTM): -8.28%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 43.76%

Quarter	September 2026	June 2026
Promoter %	43.76%	43.76%

Holder	Type	Holding	Previous	Change
RUBALJEET SINGH SAYAL	Promoter	23.70%	23.70%	0.00%
SWARAN JEET SINGH SAYAL	Promoter	20.06%	20.06%	0.00%
GINNI CHADHA	Public	19.15%	19.15%	0.00%
ZIMPY KOHLI	Public	3.57%	3.57%	0.00%
NARENDER SINGH CHADHA	Public	3.57%	3.57%	0.00%
JASBIR SINGH ALANG	Public	2.63%	2.66%	-0.03%
VARINDER SINGH SACHDEVA	Public	2.50%	2.49%	+0.01%
ATUL JAIN	Public	1.66%	1.66%	0.00%
HARKANWAR SINGH SETHI	Public	1.03%	1.03%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Sheela Foam Limited	5,551	508.30	21.93	7.60%	+19.60% TTM	+337.21% TTM	-28.99%
Wakefit Innovations Limited S	4,558	137.45	—	8.90%	—	—	—
Responsive Industries Ltd	3,729	139.85	68.37	10.70%	-18.67% TTM	-73.31% TTM	-29.62%
STANLEY LIFESTYLES LIMITED	753	131.80	128.70	5.70%	-5.58% TTM	-82.38% TTM	-51.59%
HARDWYN INDIA LIMITED	614	8.98	49.53	4.80%	+2.63% TTM	-8.28% TTM	-19.41%
Sham Foam Limited	97	84.00	—	—	—	—	—
TNA SOLUTIONS LIMITED S	88	42.13	—	—	+28.35% FY26	+43.84% FY26	—
TIRUPATI FOAM LIMITED S	28	64.50	13.06	13.60%	-4.00% TTM	+4.31% TTM	-49.65%
Milestone Furniture Limited S	24	26.27	-64.07	-1.90%	—	—	+70.70%
Shashwat Furnishing Solutions Limited	9	43.26	—	-3.80%	—	—	-56.23%
Golden Carpets Limited. S	7	11.00	-27.50	-5.50%	-4.71% TTM	-733.33% TTM	-2.31%
Magenta Lifecare Limited S	7	9.50	30.65	3.80%	—	—	—

Some figures use IPO-document inputs. Growth periods are shown per value; FY means annual.

Filings & corporate actions

Recent announcements

Annual Report of Hardwyn India Ltd. for FY 2025-264 Nov 2026 · Others / Reg. 34 (1) Annual Report
Intimation of cut-off date and period for e-voting in respect of Annual General Meeting scheduled to be held on Friday, November 26, 2026.4 Nov 2026 · Company Update / General
Notice of the 09th Annual General Meeting of the Company scheduled to be held on Friday, 26th September 20264 Nov 2026 · AGM/EGM / AGM
Appointment of M/s. Amit H.V. & Associates as Secretarial Auditor of the company for conducting Secretarial Audit for a period of 5 years.4 Nov 2026 · Company Update / Change in Management
Appointment of Secretarial Auditor for conducting Secretarial Audit for Financial Year 2025- 263 Nov 2026 · Company Update / Change in Management
Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026.6 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Closure of Trading Window for the quarter ended September 30, 2026.24 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
The Board comments on fine levied by the Exchange17 Sep 2026 · Company Update / General
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Company has received the order from the Registrar ....16 Sep 2026 · Company Update / General
Appointment of Mr. Eakam Sayal as a Additional Director of the Company in the category of Non - Executive and Non - Independent Director of the Company with effect from August 29, 2026.29 Aug 2026 · Company Update / Change in Management
Newspaper Publication of the Un-audited Financial Results for the quarter ended 30th June 2026.15 Aug 2026 · Company Update / Newspaper Publication
Un-audited Financials results for the quarter ending 30th June 2026 along with Limited Review Report14 Aug 2026 · Result / Financial Results
Un-audited Financials results for the quarter ending 30th June 2026 along with Limited Review Report14 Aug 2026 · Board Meeting / Outcome of Board Meeting
Hardwyn India Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/08/2026 ,inter alia, to consider and approve the Un-audited Financial Results ....10 Aug 2026 · Board Meeting / Board Meeting
Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015 - Resignation of Secretarial Auditor5 Aug 2026 · Company Update / Change in Management
Hardwyn India Limited has informed the Exchange regarding allotment of 19,53,61,440 securities pursuant to Bonus at its meeting held on July 29, 2026.29 Jul 2026 · Company Update / Allotment of Equity Shares
Hardwyn India Limited has informed the Exchange that Record date for the purpose of Bonus issue is 28-Jul-202620 Jul 2026 · Corp. Action / Record Date
Clarification on Movement in Price17 Jul 2026 · Company Update / General
The Exchange has sought clarification from Hardwyn India Ltd on July 16, 2026 with reference to significant movement in price, in order to ensure that investors have latest relevant information ....16 Jul 2026 · Company Update / Clarification
Compliance Certificate under Regulation 74(5) of SEBI (DP) Regulations, 2018 for the quarter ended 30.06.2026.10 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
We hereby declare the results of remote e-voting at the (01/2026-27) First Extra-Ordinary General Meeting (EGM) held on Friday, July 03, 2026 at 02:00 P.M. (IST).4 Jul 2026 · AGM/EGM / EGM
Approval of Issue of Bonus Shares by Members of the Company at Extra-Ordinary General Meeting4 Jul 2026 · Company Update / Issue of Securities
Regularization of the appointment of Mr. Yogesh Kumar Garg as Independent Director4 Jul 2026 · Company Update / Change in Management
Alteration in the Capital Clause of the Memorandum of Association of the Hardwyn India Ltd4 Jul 2026 · Company Update / Amendments to Memorandum & Articles of Association
We hereby submit Scrutinizer''s Report for the First Extra-Ordinary General Meeting of M/s. Hardwyn India Ltd for the financial year 2026-27.4 Jul 2026 · AGM/EGM / EGM
Hardwyn India Limited has informed the Exchange regarding Proceedings of Extraordinary General Meeting held on July 03, 20263 Jul 2026 · AGM/EGM / EGM
Closure of Trading Window for Quarter ending on 30th June 2026.26 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Newspaper publication regarding the Corrigendum to the Notice of the First Extra-Ordinary General Meeting (EGM) has been made today, i.e., Thursday, June 25, 2026, in connection with the ....25 Jun 2026 · Company Update / Newspaper Publication
Corrigendum to the Notice of the First Extraordinary General Meeting: To be held on Friday, July 03, 2026, at 02:00 P.M. (IST) via Video Conferencing ("VC") / Other Audio-Visual Means ("OAVM").23 Jun 2026 · AGM/EGM / EGM
Newspaper publication regarding the First Extra-Ordinary General Meeting (EGM) has been made today, i.e., Wednesday, June 10, 2026, in connection with the ensuing EGM of the Company scheduled ....10 Jun 2026 · Company Update / Newspaper Publication
Intimation of the First Extra-ordinary General Meeting of the company to be held on Friday, July 03, 2026 at 02:00 P.M. through Video Conferencing ("VC")/Other Audio Visual Means ("OAVM")9 Jun 2026 · AGM/EGM / EGM
Ms. Tanya Sayal resigned as Non Executive Director of the Company w.e.f 5th June 20265 Jun 2026 · Company Update / Resignation of Director
Ms. Pooja Sarkar resigned as Company Secretary and Compliance Officer of the Company w.e.f. 05- 06- 2026.5 Jun 2026 · Company Update / Resignation of Company Secretary / Compliance Officer
Appointment of Mr. Yogesh Garg as Additional Director Independent Non - Executive and resignation of Ms. Tanya Sayal as Non Executive Director5 Jun 2026 · Company Update / Change in Management
Ms. Diksha Rani has been appointed as Company Secretary and Compliance Officer w.e.f. 5th June 2026.5 Jun 2026 · Company Update / Appointment of Company Secretary / Compliance Officer
Hardwyn India Limited as informed exchange that in the Board Meeting held on 05.06.2026 the Board of Directors of the Company has appointed Mr. Yogesh Garg as Independent Director of the ....5 Jun 2026 · Company Update / General
Hardwyn India Limited has informed the Exchange that the Board of Directors at its meeting held on Jun 05, 2026, have considered and approved bonus at the ratio of 2 : 5, i.e 2 Equity Shares ....5 Jun 2026 · Board Meeting / Outcome of Board Meeting
Outcome of H2 FY26 Earnings Call held on Tuesday, June 02, 2026 through virtual mode.3 Jun 2026 · Company Update / Analyst / Investor Meet
Investor Presentation for Analysts/Institutional Investor Meet scheduled to be held on Tuesday, June 02, 2026 at 03:30 P.M. through virtual mode.30 May 2026 · Company Update / Investor Presentation
Press Release_Audited Financial Results30 May 2026 · Company Update / Press Release / Media Release

Corporate actions

Purpose	Ex date	Record date	Payment date
Bonus issue 2:5	28 Jul 2026	28 Jul 2026	—
Bonus issue 2:5	27 Dec 2024	27 Dec 2024	—

Board meetings

14 Aug 2026 Board Meeting - Financial Results