HARDWYN

Hardwyn India share price & financials

Price
₹25.19
Market cap
₹626 Cr
Sector
Consumer Durables

What Hardwyn India Limited does

Hardwyn India manufactures and trades architectural hardware, kitchen fittings, wardrobe hardware, door hardware and glass fittings/sliding systems, sold to developers, contractors and retail buyers across residential, commercial and institutional projects. Its devices are installed in landmark public infrastructure, including 19 stadiums built for the 2010 Commonwealth Games in Delhi and the Delhi Metro Rail Corporation network. The company sells through a nationwide dealer network as well as omnichannel platforms (own website, Amazon, Moglix, IndiaMART, Justdial), and its subsidiary brand SlimX focuses specifically on premium glass and sliding-door hardware systems. Growth has recently come from new mortise-handle launches and increased sales of its Kitchen Basket Wire Series for modular kitchens.

Segments

  • Architectural Hardware
  • Glass Fittings & Sliding Systems
Unique products
1,000+
Dealer network
4,000+ dealers
After-sales service centres
200+ across India
Marquee clients served
30+
Industry operating history
60+ years
Market position
Only listed player; one of India's largest manufacturers of door closer devices
Headquarters New Delhi, India Company website

Quarterly results

Q1 FY27: revenue down 5.9%, net profit down 22.5% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue40 34 36 32 43 +8%39 +12%46 +28%30 −6%
EBITDA6 6 3 5 6 +8%3 −55%6 +98%4 −22%
Net profit4 4 2 4 4 +7%2 −58%3 +97%3 −23%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −31.9% 1Y

₹10.0₹15.0₹20.0₹25.0Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹13.46 on 10 Sept 2025 → ₹9.16. High ₹27.29 (4 May 2026), low ₹8.93 (9 Sept 2026).

Financials, as filed

Revenue grew 8.7% a year over 2 years, FY24 to FY26. Operating margin widened to 12.7%.

Year endingFY24FY25FY26
Revenue₹136 Cr₹142 Cr₹160 Cr
Operating profit₹16 Cr₹17 Cr₹20 Cr
Operating margin11.6%12.2%12.7%
Interest₹1 Cr₹1 Cr₹1 Cr
Depreciation₹1 Cr₹2 Cr₹2 Cr
Net profit₹10 Cr₹11 Cr₹13 Cr
Net margin7.2%7.6%7.9%
Cash from operations₹2 Cr₹1 Cr₹7 Cr
Free cash flow₹-3 Cr₹1 Cr₹5 Cr
ROCE4.0%4.0%5.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹10 Cr₹10 Cr₹26 Cr₹35 Cr₹49 Cr₹49 Cr
Reserves₹2 Cr₹5 Cr₹346 Cr₹353 Cr₹352 Cr₹357 Cr
Borrowings₹5 Cr₹7 Cr₹5 Cr₹7 Cr₹6 Cr₹6 Cr
Other liabilities₹22 Cr₹35 Cr₹32 Cr₹65 Cr₹75 Cr₹40 Cr
Total liabilities₹39 Cr₹57 Cr₹409 Cr₹459 Cr₹482 Cr₹452 Cr
Fixed assets₹0 Cr₹1 Cr₹1 Cr₹350 Cr₹350 Cr₹4 Cr
Capital work in progress₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Investments₹0 Cr₹0 Cr₹348 Cr₹0 Cr₹0 Cr₹348 Cr
Other assets₹39 Cr₹56 Cr₹60 Cr₹109 Cr₹132 Cr₹100 Cr
Total assets₹39 Cr₹57 Cr₹409 Cr₹459 Cr₹482 Cr₹452 Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jul 2026

Since Jun 2025, the public trimmed −0.32 pp while FIIs added +0.30 pp. The shareholder count shrank 12% to 51,182.

Promoters
43.8%
FIIs
0.3%
Government
0.5%
Public
55.5%

Since Jun 2025

  • Public −0.32 pp
  • FIIs +0.30 pp
  • Promoters 0.00 pp

How it drifted, 12 quarters

Dec '23Mar '25Jul '26

Ownership split by quarter, oldest first. Dec '23: Promoters 43.8%, FIIs 0.5%, Public 55.8%.Mar '24: Promoters 43.8%, FIIs 0.5%, Public 55.8%.Jun '24: Promoters 43.8%, FIIs 0.5%, Public 55.8%.Sep '24: Promoters 43.8%, FIIs 0.5%, Public 55.8%.Dec '24: Promoters 43.8%, FIIs 0.1%, Government 0.5%, Public 55.7%.Mar '25: Promoters 43.8%, FIIs 0.9%, Government 0.5%, Public 54.9%.Jun '25: Promoters 43.8%, FIIs 0.0%, Government 0.5%, Public 55.8%.Sep '25: Promoters 43.8%, FIIs 0.0%, Government 0.5%, Public 55.8%.Dec '25: Promoters 43.8%, FIIs 0.6%, Government 0.5%, Public 55.1%.Mar '26: Promoters 43.8%, FIIs 0.6%, Government 0.5%, Public 55.1%.Jun '26: Promoters 43.8%, FIIs 0.2%, Government 0.5%, Public 55.5%.Jul '26: Promoters 43.8%, FIIs 0.3%, Government 0.5%, Public 55.5%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jul 2026 filing

Every holder of Hardwyn India Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.

HolderStakeChange
Rubaljeet Singh Sayal 23.70%unchanged
Swaran Jeet Singh Sayal 20.06%unchanged
Ginni Chadha 19.15%unchanged
Narender Singh Chadha 3.57%unchanged
Zimpy Kohli 3.57%unchanged
Jasbir Singh Alang 2.66%unchanged
Varinder Singh Sachdeva 2.49%unchanged
Atul Jain 1.66%unchanged
Wajid Ahmed 1.22%unchanged
Harkanwar Singh Sethi 1.03%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

What the price assumes

Expensive

To justify its price of ₹9, this stock must grow earnings at 25% every year for 7 years. Our analysis caps realistic growth at ~13%. At that growth it is worth ₹5 — downside of 44%.

Growth the price implies
24.6% a year
for 7 years, fading to 4%
It has actually compounded at
14.2% a year
net profit, FY24–FY26 · EPS 13.4%
The gap
0.1 pp
-44% downside if it only repeats history
Price today ₹9.16 Value at the reference growth ₹5.13

Change the assumptions yourself →

Learn to analyse Hardwyn India Limited

Guides on how to read this kind of business and the numbers that matter.