About
Hardwyn India Limited engages in wholesale and retail trade of architectural hardware and glass fittings, kitchen hardware, accessories, and appliances in India. 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.
Key Metrics
as of Sep 2026Market Cap623 Cr
P/E50.40
Div Yield0.00 %
Book Value₹5.94
52w High₹20.20
52w Low₹7.77
Face Value₹1.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 30.08 | 46.41 | 38.56 | 43.14 | 31.95 | 36.30 | 34.49 | 39.87 | 30.90 | 36.94 | 35.06 | 36.34 | 27.16 |
| Expenses | 25.85 | 40.82 | 35.75 | 36.70 | 26.50 | 33.48 | 28.21 | 33.93 | 28.66 | 31.13 | 28.70 | 34.27 | 25.72 |
| Operating Profit | 4.23 | 5.59 | 2.81 | 6.44 | 5.45 | 2.82 | 6.28 | 5.94 | 2.24 | 5.81 | 6.36 | 2.07 | 1.44 |
| OPM % | 14.06 | 12.04 | 7.29 | 14.93 | 17.06 | 7.77 | 18.21 | 14.90 | 7.25 | 15.73 | 18.14 | 5.70 | 5.30 |
| Other Income | 0.03 | 0.32 | 0.14 | 0.03 | 0.05 | 0.36 | 0.26 | 0.09 | 0.03 | 0.15 | 0.07 | 0.08 | 0.20 |
| Depreciation | 0.45 | 0.47 | 0.42 | 0.41 | 0.38 | 0.42 | 0.41 | 0.41 | 0.40 | 0.87 | 0.13 | 0.06 | 0.06 |
| Interest | 0.21 | 0.49 | 0.23 | 0.19 | 0.17 | 0.28 | 0.58 | 0.15 | 0.16 | 0.29 | 0.51 | 0.19 | 0.16 |
| Profit before tax | 3.60 | 4.95 | 2.30 | 5.87 | 4.95 | 2.48 | 5.55 | 5.47 | 1.71 | 4.80 | 5.79 | 1.90 | 1.42 |
| Tax % | 24.44 | 30.91 | 28.70 | 29.13 | 29.09 | 30.24 | 29.01 | 29.25 | 29.24 | 31.46 | 29.19 | 28.95 | 28.87 |
| Net Profit | 2.72 | 3.42 | 1.64 | 4.15 | 3.51 | 1.74 | 3.94 | 3.87 | 1.20 | 3.30 | 4.11 | 1.35 | 1.00 |
| EPS in Rs | 0.04 | 0.05 | 0.02 | 0.06 | 0.05 | 0.03 | 0.06 | 0.06 | 0.02 | 0.05 | 0.06 | 0.02 | 0.01 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 160.00 | 141.00 | 135.00 | 124.00 | 84.00 | 57.00 | 12.00 | 42.00 | 18.00 |
| Expenses | 140.00 | 124.00 | 119.00 | 111.00 | 79.00 | 55.00 | 11.00 | 42.00 | 18.00 |
| Operating Profit | 20.00 | 17.00 | 16.00 | 13.00 | 5.00 | 2.00 | 0.00 | 0.00 | 0.00 |
| OPM % | 13.00 | 12.00 | 12.00 | 11.00 | 6.00 | 3.60 | 4.20 | 0.60 | 0.60 |
| Other Income | 1.00 | 1.00 | 0.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 2.00 | 2.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 18.00 | 15.00 | 14.00 | 13.00 | 5.00 | 2.00 | 0.00 | 0.00 | 0.00 |
| Tax % | 30.00 | 29.00 | 30.00 | 29.00 | 28.00 | 27.00 | 31.00 | 25.00 | 20.00 |
| Net Profit | 13.00 | 11.00 | 10.00 | 9.00 | 3.00 | 2.00 | 0.00 | 0.00 | 0.00 |
| EPS in Rs | 0.19 | 0.16 | 0.14 | 0.13 | 0.09 | 0.04 | 0.00 | 0.00 | 0.00 |
| Dividend Payout % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 49.00 | 49.00 | 35.00 | 26.00 | 10.00 | 10.00 | 10.00 | 10.00 | 7.00 |
| Reserves | 357.00 | 344.00 | 347.00 | 346.00 | 5.00 | 2.00 | 0.00 | 0.00 | 0.00 |
| Borrowings | 6.00 | 10.00 | 9.00 | 5.00 | 7.00 | 5.00 | 0.00 | 6.00 | 0.00 |
| Other Liabilities | 40.00 | 47.00 | 52.00 | 32.00 | 35.00 | 22.00 | 3.00 | 1.00 | 2.00 |
| Total Liabilities | 452.00 | 449.00 | 443.00 | 409.00 | 57.00 | 39.00 | 13.00 | 17.00 | 9.00 |
| Fixed Assets | 4.00 | 4.00 | 5.00 | 1.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 348.00 | 348.00 | 348.00 | 348.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 100.00 | 97.00 | 90.00 | 60.00 | 56.00 | 39.00 | 13.00 | 17.00 | 9.00 |
| Total Assets | 452.00 | 449.00 | 443.00 | 409.00 | 57.00 | 39.00 | 13.00 | 17.00 | 9.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 7.00 | 1.00 | 2.00 | 4.00 | 0.00 | -4.00 | 6.00 | -9.00 | -7.00 |
| Cash from Investing Activity | -2.00 | -1.00 | -5.00 | 0.00 | -1.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from Financing Activity | -4.00 | -1.00 | 3.00 | -3.00 | 1.00 | 5.00 | -6.00 | 9.00 | 7.00 |
| Net Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 | 0.00 | 0.00 | 0.00 |
| Free Cash Flow | 5.00 | 1.00 | -3.00 | 3.00 | -1.00 | -4.00 | 6.00 | -9.00 | -7.00 |
| CFO/OP % | 61.00 | 35.00 | 41.00 | 56.00 | 22.00 | -146.00 | 1,298.00 | -3,775.00 | -6,830.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 89.00 | 82.00 | 84.00 | 62.00 | 132.00 | 135.00 | 291.00 | 148.00 | 178.00 |
| Inventory Days | 126.00 | 173.00 | 152.00 | 113.00 | 71.00 | 69.00 | 6.00 | 0.00 | 1.00 |
| Days Payable | 88.00 | 108.00 | 143.00 | 97.00 | 163.00 | 146.00 | 83.00 | — | 45.00 |
| Cash Conversion Cycle | 127.00 | 147.00 | 93.00 | 78.00 | 40.00 | 58.00 | 214.00 | 148.00 | 134.00 |
| Working Capital Days | 116.00 | 101.00 | 76.00 | 64.00 | 58.00 | 69.00 | 326.00 | 88.00 | 139.00 |
| ROCE % | 5.00 | 4.00 | 4.00 | 7.00 | 27.00 | 17.00 | 3.00 | 2.00 | — |
Corporate Actions
8 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Bonus | 28 Jul 2026 | 28 Jul 2026 | 2:5 | — | |
| Bonus | 27 Dec 2024 | 27 Dec 2024 | 2:5 | — | |
| Other | 11 Dec 2024 | — | — | — | Annual General Meeting |
| Other | 22 Sep 2023 | — | — | — | Annual General Meeting |
| Split | 05 Jun 2023 | 05 Jun 2023 | 10:1 | — | |
| Bonus | 05 Jun 2023 | 05 Jun 2023 | 1:3 | — | |
| Other | 22 Sep 2022 | — | — | — | Annual General Meeting |
| Bonus | 25 Jul 2022 | 26 Jul 2022 | 1:2 | — |