💡 Did you know?
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
History
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Hardwyn India Limited is an India-based manufacturer and trader of architectural hardware, kitchen hardware and glass fittings. It offers comprehensive solutions for both residential and commercial structures. It is engaged in the business of wholesale and retail trade of…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A middling, steadily growing business, trading cheap versus its own history.
Hardwyn India is scored on the commodity / cyclical framework. It keeps a slim 6.6% of every rupee of sales as net profit. Cash conversion lags the reported profit (CFO/PAT 0.16×) — worth a closer look. Free cash flow is worth about -0.6% of its market value.
Over the last 3 years revenue compounded at 7%/yr and profit at 13%/yr. Book value has been broadly flat (2.8%/yr). Return on equity is a weak 3.3%. In the latest quarter profit fell 18% versus the prior quarter.
At 56× earnings, the stock sits at the 11th percentile of its own 3.6-year range — the cheap end of where it has historically traded. Today's price already implies ~22%/yr earnings growth sustained for a decade — a demanding bar. The books come through clean — a forensic grade of A, and Altman puts distress risk in the safe zone.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 50.67 | 8.69 | worse |
| P/B | 1.53 | 2.08 | better |
| EV/EBITDA | 30.51 | — | — |
| ROE | 3.25 | 9.98 | worse |
| ROCE | 4.82 | 9.16 | worse |
| ROA | 2.65 | 2.62 | better |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Adani Enterprises | 69.6 | 3.8 | 3.7% |
| Aegis Logistics | 25.8 | 6.0 | 20.0% |
| Premier Energies | 22.8 | 7.8 | 34.2% |
7% CAGR — growing but slowly. Growth is decelerating — latest year grew slower than the year before.
Net profit has risen every year — the hallmark of a compounder. Profit is growing faster than revenue (12% vs 7%) — margin expansion is at work.
Operating margins have been stable around 9% — no major structural shift.
ROE at 3% — modest; the capital isn't working hard. Low variance across years — a predictable business that earns steadily on its equity base.
EPS dropped in the latest year despite possible profit changes — dilution or a profit dip could be at play. Profit grew faster than EPS (12% vs -8%) — share dilution is eroding per-share value. -8% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
1 of 2 years had negative operating cash flow — profitability on paper may not translate to cash. Cash conversion at 0.2× PAT — reported profit isn't translating into cash, raising earnings quality questions. Investing outflows exceed operating cash — the company relies on external funding to finance expansion.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue fell 40% QoQ — could be seasonality or a genuine slowdown. Wide quarterly swings (40% spread) — likely seasonality, lumpy orders, or project-based revenue.
Profit fell 18% QoQ — one-quarter drops can be noise, but a pattern matters.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoters at 43.8% — dispersed ownership; institutional flows drive the stock.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.