Haier Appliances (India) Pvt Ltd
About
Thirty-five years ago, Haier started from the Chinese market. Currently, Haier has a presence across Asia, Africa, Europe, North America, the Middle East, and various other regions worldwide. Globally, the company operates 10 research and development centers, 24 industrial parks, 66 marketing offices, and 108 manufacturing facilities. The company initiated its commercial operations in India in January 2004 and has successfully completed two decades in the country. Headquartered in Pune, Maharashtra, Haier operates advanced manufacturing plants in Pune and Greater Noida. The company specializes in manufacturing a wide range of products, including refrigerators, washing machines, air conditioners, and microwaves. Among its offerings, refrigerators and air conditioners stand out as its most profitable segments. The firm is supported by its "triple strategy" of localization, customization, and premiumization. Haier has setup one of the biggest Industrial Parks in India located in Noida to produce home appliances and its related components.
Featured In Fortune India Ranking
Financial Data 2023
Financial Data
| PARAMETERS | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Revenue (INR Cr) | 6319 13.4% | 5573 19.2% | 4674 33.0% | 3516 -6.5% | 3760 - |
| Net Operating Income (INR Cr) | 6305 16.15% | 5429 20.94% | 4489 0.00% | 3374 0.00% | 3550 0.00% |
| Profit (INR Cr) | 156 - | -64 - | 50 -3.8% | 52 26.7% | 41 - |
| Assets (INR Cr) | 2902 4.2% | 2785 13.7% | 2449 2.1% | 2398 8.3% | 2215 - |
| Net Worth (INR Cr) | 2104 7.9% | 1949 -3.2% | 2013 0.0% | 1963 0.0% | 1912 0.0% |
| Employee Cost (INR Cr) | 396 13.3% | 349 - | 0 - | 218 -2.0% | 223 - |
| Interest Cost (INR Cr) | 31 | 24 | 8 | 11 | 3 |
| Cash & Bank Balance (INR Cr) | 482 | 188 | 173 | 800 | 1128 |
| Total Debt (INR Cr) | 208 | 374 | 0 | 83 | 0 |
Key Financial Ratios
| PARAMETERS | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Profit As % Of Revenues | 2.5% | - | 1.1% | 1.5% | 1.1% |
| Profit As % Of Assets | 5.4% | - | 2.1% | 2.2% | 1.9% |
| Profit As % Of Networth | 7.4% | - | 2.5% | 2.7% | 2.2% |
| Interest Cost to EBITDA % | 8.5% | 18.2% | 5.2% | 7.5% | 142.1% |
| Debt to Equity Ratio | 0.10 | 0.19 | - | 0.04 | - |
| RONW | 7.7% | - | 2.5% | 2.7% | 2.2% |
| ROCE | 8.3% | -0.6% | 4.0% | 4.0% | 3.1% |