Hindware Home Innovation Ltd
About
Hindware Home Innovation Limited was formerly known as the Somany Home Innovations Limited. It is primarily engaged in the manufacturing and marketing of building products and consumer appliances. Its consumer appliances business vertical includes a range of household appliances, right from kitchen appliances like chimneys, dishwashers, and water purifiers to air coolers, room and water heaters, and ceiling fans. The building products vertical offers sanitaryware, faucets, premium tiles, and plastic pipes, among others, with the help of a wholly owned subsidiary—Hindware Limited. The company’s pipes and fittings are sold under the ‘Truflo by Hindware’ brand, along with overhead water storage tanks. Hindware Home Innovation also produces and supplies home interior products through retail stores and online platforms, such as Amazon, Pepperfry, Urban Ladder, and more, under the ‘EVOK’ brand. Its products reach more than 17,000 locations in India with the help of 30 franchise stores spread across the country.
Featured In Fortune India Ranking
Financial Data 2024
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 2794 -5.3% | 2951 17.8% | 2504 42.1% | 1762 5.6% | 1668 -1.0% | 1686 - | 0 - |
| Net Operating Income (INR Cr) | 2800 -2.52% | 2872 25.23% | 2294 29.20% | 1775 10.05% | 1613 -3.46% | 1671 0.00% | 0 0.00% |
| Profit (INR Cr) | 26 -54.8% | 57 -71.7% | 202 267.8% | 55 137.3% | 23 -57.8% | 55 - | 0 - |
| Assets (INR Cr) | 1730 7.6% | 1608 68.3% | 955 55.6% | 614 -13.4% | 709 19.7% | 592 - | 0 - |
| Net Worth (INR Cr) | 598 3.8% | 576 9.4% | 526 59.5% | 330 20.3% | 274 13.2% | 242 0.0% | 0 0.0% |
| Employee Cost (INR Cr) | 431 7.0% | 402 74.2% | 231 27.8% | 181 2.0% | 177 11.2% | 160 - | 0 - |
| Interest Cost (INR Cr) | 95 | 77 | 20 | 29 | 33 | 29 | 0 |
| Cash & Bank Balance (INR Cr) | 29 | 9 | 27 | 8 | 3 | 22 | 0 |
| Total Debt (INR Cr) | 1046 | 958 | 374 | 242 | 328 | 303 | 0 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 0.9% | 1.9% | 8.1% | 3.1% | 1.4% | 3.3% | - |
| Profit As % Of Assets | 1.5% | 3.6% | 21.1% | 8.9% | 3.3% | 9.2% | - |
| Profit As % Of Networth | 4.3% | 9.9% | 38.3% | 16.6% | 8.4% | 22.6% | - |
| Interest Cost to EBITDA % | 40.0% | 31.4% | 11.7% | 20.6% | 37.8% | 23.0% | - |
| Debt to Equity Ratio | 1.75 | 1.66 | 0.71 | 0.73 | 1.20 | 1.25 | 1.20 |
| RONW | 6.3% | 12.1% | 28.3% | 18.2% | 9.0% | 22.6% | - |
| ROCE | 9.1% | 14.1% | 21.0% | 18.4% | 10.2% | 19.1% | 0.0% |