Benefits

Dashboard

See Price & Plans

Not registered yet? Get a free account.

Hindware Limited
Location
T. Score
Financials
- Financial Highlights
- Balance Sheet
- Profit & Loss
- Ratios
Charges
People
Network
Registered Details

HINDWARE LIMITED

Active

Updated: 30 Oct 2024

Hindware Limited, is an unlisted public company incorporated on 02 November, 2017. It is classified as a public limited company and is located in Kolkata, West Bengal. It's authorized share capital is INR 15.00 cr and the total paid-up capital is INR 9.89 cr.

Hindware Limited's operating revenue range is Over INR 500 cr for the financial year ending on 31 March, 2023. It's EBITDA has increased by 43.89% over the previous year. At the same time, it's book networth has increased by 16.42%.

Industry

Business Services

Products

Wholesale Trading, Plastic products, non-metallic mineral products, rubber products, fabricated metal products

Key Metrics

** All rupee values in INR crores. Based on March 2024 numbers.

Sales

1.66%

₹ 2,354.6

EBITDA

25.44%

₹ 288.8

Net Profit

17.14%

₹ 103.1

Networth

17.87%

₹ 482.7

Borrowings

18.49%

₹ 737.6

Assets

9.09%

₹ 1,971.5

Gross Margin

2.38

46.9 %

Operating Margin

2.32

12.3 %

Net Profit Margin

0.57

4.3 %

Return on Equity

-0.13

21.4 %

ROCE

4.24

21.0 %

Debt to Equity

0.01

1.5

Sales

Mar 2024

Net worth

Mar 2024

Buy Report or Plans

Dashboards

Popular Plan

Company dashboard

₹ 449
- Five year financials and ratios
- Risk analysis
- Interactive charts

View subscriptions and buy credits

MCA Fillings

All financials

₹ 349
- All financials
- All annual returns
- MoA and AoA
1 Year

₹ 249
- Latest financials
- Latest annual return
- MoA and AoA

PDF Reports

Financial report

₹ 799
- Five year financials and ratios
- Shareholding and group structure
- Litigation and more
Due diligence report

₹ 2999
- Everything in financial report
- Peers and financials

* GST not included

** Reports & MCA filings will be based on the latest available financials.

Locations

India (87)

State	Type	Address

Locations on Map

Tofler Score

Very Good

Poor

Fair

Good

Very Good

Excellent

Risk

Severe Risk

No risks identified

Moderate Risk

HIGH LEVERAGE
PAYABLES DETERIORATING
LOW CASH BALANCE

Low Risk

ROCE DETERIORATING

About Tofler Score

Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

Financial Highlights

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	1,160.9	1,262.0	1,795.5	2,316.1	2,354.6
Operating profit	80.3	114.0	160.0	230.2	288.8
Net profit	40.3	71.9	116.5	88.0	103.1
Gross margin	31.9	31.8	30.6	44.6	46.9
Operating margin	6.9	9.0	8.9	9.9	12.3
Net margin	3.4	5.6	6.4	3.8	4.3
Networth	185.8	259.3	351.7	409.5	482.7
Borrowings	188.8	75.8	0.3	622.5	737.6
Assets	619.5	643.0	1,597.1	1,807.2	1,971.5
Debt to equity	1.0	0.3	0.0	1.5	1.5
Current ratio	1.4	1.7	0.8	1.0	1.0
ROE	21.7	27.7	33.1	21.5	21.4
Days payable	21.0	17.0	50.0	62.0	70.0
WC days	48.0	63.0	-43.0	5.0	0.0

Margins

Gross margin

Operating margin

Net margin

Balance Sheet

₹

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	0.1	4.9	4.9	9.9	9.9
Reserves	185.7	254.4	346.8	399.6	472.8
Borrowings +	188.8	75.8	0.3	622.5	737.6
Long term borrowings	33.3	29.8	-	319.8	333.2
Short term borrowings	155.5	46.0	0.3	302.7	404.4
Trade payables +	46.2	41.2	170.2	218.8	240.6
Days payable	21.0	17.0	50.0	62.0	70.0
Other liabilities +	244.9	308.0	1,245.1	775.2	751.2
Other non-current liabilities	59.3	60.7	200.1	218.0	206.3
Other current liabilities	139.3	206.1	874.8	338.4	304.4
Total liabilities	619.5	643.0	1,597.1	1,807.2	1,971.5
Fixed Assets +	112.6	105.3	708.2	851.8	894.2
Tangible assets	109.3	103.7	652.2	817.1	836.2
CWIP	2.3	0.9	51.9	31.1	54.5
Intangible assets	1.1	0.7	4.1	3.5	3.5
LT loans and advances	3.2	12.9	17.0	25.0	45.0
Other non-current assets	11.2	13.3	36.9	40.9	83.6
Current assets +	492.4	511.5	835.0	889.5	948.7
Inventories	175.5	152.4	531.6	562.7	476.1
Trade receivables	242.4	247.1	165.2	239.9	349.9
Cash and cash equivalents	1.7	4.9	23.4	7.8	18.4
ST loans and advances	-	0.6	-	-	-
Other current assets	72.8	106.6	114.8	79.1	104.4
Total assets	619.5	643.0	1,597.1	1,807.2	1,971.5

Percentage of assets	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	0.02	0.76	0.31	0.55	0.5
Reserves	29.98	39.56	21.72	22.11	23.98
Borrowings +	30.47	11.79	0.02	34.45	37.41
Long term borrowings	5.38	4.63	0.0	17.7	16.9
Short term borrowings	25.1	7.15	0.02	16.75	20.51
Trade payables	7.46	6.41	10.65	12.11	12.2
Other liabilities +	39.53	47.89	77.96	42.9	38.1
Other non-current liabilities	9.57	9.44	12.53	12.07	10.46
Other current liabilities	22.49	32.05	54.77	18.72	15.44
Total liabilities
Fixed Assets +	18.18	16.37	44.34	47.13	45.36
Tangible assets	17.64	16.13	40.83	45.22	42.41
CWIP	0.37	0.14	3.25	1.72	2.77
Intangible assets	0.18	0.1	0.26	0.2	0.18
LT loans and advances	0.51	2.01	1.06	1.38	2.28
Other non-current assets	1.81	2.07	2.31	2.26	4.24
Current assets +	79.49	79.55	52.28	49.22	48.12
Inventories	28.34	23.7	33.29	31.14	24.15
Trade receivables	39.13	38.42	10.34	13.28	17.75
Cash and cash equivalents	0.28	0.76	1.47	0.43	0.93
ST loans and advances	0.0	0.09	0.0	0.0	0.0
Other current assets	11.75	16.57	7.19	4.37	5.29
Total assets

Total assets

Profit & Loss

₹

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales +	1,160.9	1,262.0	1,795.5	2,316.1	2,354.6
Sales growth %	None	8.71	42.28	29.0	1.66
Expenses +	1,124.8	1,187.1	1,666.1	2,227.9	2,245.4
Cost of goods	790.3	860.4	1,245.4	1,284.1	1,249.3
Employee cost	126.9	127.8	175.9	336.8	358.7
Other costs	163.3	159.7	214.2	465.0	457.9
Operating profit +	80.3	114.0	160.0	230.2	288.8
Operating margin %	6.9	9.0	8.9	9.9	12.3
Other income	20.5	18.2	24.7	29.1	30.1
Interest	20.1	15.4	5.6	59.1	78.0
Depreciation	24.1	23.8	25.1	82.8	101.5
Exceptional items	-	-	-	-	-
Profit before tax	56.6	93.1	154.0	117.3	139.3
Tax	16.3	21.2	37.5	29.3	36.2
Profit - disc. ops	-	-	-	-	-
Net profit	40.3	71.9	116.5	88.0	103.1
Net margin %	3.4	5.6	6.4	3.8	4.3

Precentage of total income	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	98.26	98.58	98.64	98.76	98.74
Expenses +	95.21	92.73	91.54	95.0	94.16
Cost of goods	66.9	67.21	68.42	54.76	52.39
Employee cost	10.74	9.98	9.66	14.36	15.04
Other costs	13.82	12.48	11.77	19.83	19.2
Operating profit	6.8	8.91	8.79	9.82	12.11
Other income	1.74	1.42	1.36	1.24	1.26
Interest	1.7	1.2	0.31	2.52	3.27
Depreciation	2.04	1.86	1.38	3.53	4.26
Exceptional items	0.0	0.0	0.0	0.0	0.0
Profit before tax	4.79	7.27	8.46	5.0	5.84
Tax	1.38	1.66	2.06	1.25	1.52
Profit - disc. ops	0.0	0.0	0.0	0.0	0.0
Net profit	3.41	5.62	6.4	3.75	4.32

Revenue from operations

Ratios

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Solvency +
Total Debt/Equity	1.0	0.3	0.0	1.5	1.5
Net Debt/Equity	1.0	0.3	0.0	1.5	1.5
Total Debt/Assets	0.3	0.1	0.0	0.3	0.4
Total Assets/Equity	3.3	2.5	4.5	4.4	4.1
Liquidity +
Current Ratio	1.4	1.7	0.8	1.0	1.0
Quick Ratio	0.9	1.2	0.3	0.4	0.5
Interest Coverage	4.0	7.4	28.6	3.9	3.7
Performance
Gross Margin	31.9	31.8	30.6	44.6	46.9
Operating Margin	6.9	9.0	8.9	9.9	12.3
Net Margin	3.4	5.6	6.4	3.8	4.3
Return +
Return on Equity	21.7	27.7	33.1	21.5	21.4
Pre-tax ROCE	21.3	27.9	27.1	16.7	21.0
Return on Assets	6.5	11.2	7.3	4.9	5.2
Pre-tax ROIC	15.1	27.3	38.4	14.4	15.6
Efficiency +
Days Payable	21.0	17.0	50.0	62.0	70.0
Days Inventory	81.0	65.0	156.0	160.0	139.0
Days Receivable	76.0	71.0	34.0	38.0	54.0
Fixed Asset Turnover	10.3	12.0	2.5	2.7	2.6
Total Asset Turnover	1.9	2.0	1.1	1.3	1.2
Working Capital
Cash Conversion Cycle	136.0	119.0	140.0	136.0	123.0
Working Capital Days	48.0	63.0	-43.0	5.0	0.0

Ratios

Current ratio

Debt/equity ratio

Charges on assets

Bank wise

Charges

HDFC Bank Limited

No. of Loans: 3

Total Amount : 574.0 cr

The Federal Bank Limited

No. of Loans: 3

Total Amount : 325.0 cr

The Hongkong and Shanghai Banking Corporation Limited

No. of Loans: 3

Total Amount : 187.0 cr

Standard Chartered Bank

No. of Loans: 1

Total Amount : 125.0 cr

Axis Bank Limited

No. of Loans: 1

Total Amount : 120.0 cr

Kotak Mahindra Bank Limited

No. of Loans: 1

Total Amount : 50.0 cr

CitiBank N.A.

No. of Loans: 1

Total Amount : 30.0 cr

Charge Holder	Amount	Date of creation/modification
Kotak Mahindra Bank Limited	50.0 cr	27 Sep, 2024
The Federal Bank Limited	50.0 cr	02 Aug, 2024
HDFC Bank Limited	50.0 cr	02 Aug, 2024
CitiBank N.A.	30.0 cr	23 Oct, 2023
The Hongkong and Shanghai Banking Corporation Limited	87.0 cr	10 Aug, 2023
The Federal Bank Limited	175.0 cr	07 Jun, 2023
HDFC Bank Limited	214.0 cr	06 Jun, 2023
The Hongkong and Shanghai Banking Corporation Limited	50.0 cr	25 Apr, 2023
The Federal Bank Limited	100.0 cr	07 Mar, 2023
HDFC Bank Limited	310.0 cr	07 Mar, 2023
The Hongkong and Shanghai Banking Corporation Limited	50.0 cr	07 Mar, 2023
Standard Chartered Bank	125.0 cr	06 Apr, 2022
Axis Bank Limited	120.0 cr	08 Mar, 2022

Charges

HDFC Bank Limited

The Federal Bank Limited

The Hongkong and Shanghai Banking Corporation Limited

Standard Chartered Bank

Others

People

Designation	Name	DIN/PAN	Tenure
Director	Salil Kumar Bhandari	00017566	5 years
Managing Director	Sandip Somany Shareholder	00053597	7 years
Director	Girdhari Lal Sultania Shareholder	00060931	7 years
CFO	Sandeep Sikka Shareholder	<HIDDEN>	5 years
Director	Ashok Jaipuria	00214707	5 years
Director	Rainer Siegfried Simon	03543040	5 years
Director	Alpana Parida	06796621	5 years
CS	Payal M Puri	<HIDDEN>	5 years
Director	Shashvat Somany	10058462	1 years

Company Network

Companies connected through Directors

Name	Status	Paid up Capital	Common Directors	Address
INTEGRATED OUTSOURCING SOLUTIONS PRIVATE LIMITED	Active	1.0 L	1	Delhi
SAFAL SKILLS DEVELOPMENT PRIVATE LIMITED	Active	5.0 L	1	Delhi
BGJC CONSULTING PRIVATE LIMITED	Active	1.0 L	1	Delhi
BSL WULFING LTD.	Amalgamated	1.7 Cr	1	Rajasthan
SYENERGY ENVIRONICS LIMITED	Active	29.8 L	1	Haryana
GINNI INTERNATIONAL LTD. (TRANSFER FROM DELHI TO RAJ.)	Active	32.8 Cr	1	Rajasthan
GREENPANEL INDUSTRIES LIMITED	Active	12.3 Cr	1	West Bengal
HINDWARE HOME INNOVATION LIMITED	Active	14.5 Cr	5	West Bengal
NEW DELHI INDUSTRIAL PROMOTORS AND INVESTORS LTD	Amalgamated	14.0 Cr	1	West Bengal
INDIAN COUNCIL OF SANITARYWARE MANUFACTURES	Active	0.0	1	Delhi
INDRAPRASTHA MEDICAL CORPORATION LIMITED	Active	91.7 Cr	1	Delhi
WATER MANAGEMENT AND PLUMBING SKILL COUNCIL	Active	50.0 L	1	Delhi
HEG LIMITED	Active	38.6 Cr	1	Madhya Pradesh
NATIONAL SKILL DEVELOPMENT CORPORATION	Active	10.0 Cr	1	Delhi
SOMANY FAUCETS AND SHOWERS PRIVATE LIMITED	Dormant under section 455	3.0 L	1	Haryana
TRUFLO PIPES LIMITED	Active	20.0 L	2	West Bengal
GRINDLAY PROPERTIES PRIVATE LIMITED	Active	14.7 L	1	Delhi
SOMANY IMPRESA LIMITED	Active	57.8 Cr	2	West Bengal
JK PAPER LIMITED	Active	169.4 Cr	1	Gujarat
HINTASTICA PRIVATE LIMITED	Active	84.6 L	1	West Bengal
AGI GLASSPACK LIMITED	Active	5.4 Cr	2	West Bengal
AGI GREENPAC LIMITED	Active	12.9 Cr	2	West Bengal
THE UNITED PROVINCES SUGAR COMPANY LIMITED	Active	2.5 Cr	1	West Bengal
SR CONTINENTAL LIMITED	Active	18.5 L	1	West Bengal
BIGOO INVESTMENTS LTD	Amalgamated	3.9 Cr	1	West Bengal
ANAND APARTMENT MAINTENANCE PRIVATE LIMITED	Active	1.0 L	1	West Bengal
GARDEN POLYMERS PRIVATE LIMITED	Amalgamated	1.9 Cr	1	West Bengal
T K GHOSH INVESTMENT PVT LTD	Amalgamated	64.0 L	1	West Bengal
SCOPE VINIMOY PRIVATE LIMITED	Amalgamated	52.7 L	1	West Bengal
LUXXIS HEATING SOLUTIONS PRIVATE LIMITED	Active	20.0 L	1	West Bengal
LNR EXPORTS PVT LTD	Amalgamated	35.4 L	1	West Bengal
LNR INVESTMENTS AND TRADES P LTD	Amalgamated	37.2 L	1	West Bengal
TEXTOOL MERCANTILE PVT. LTD.	Active	1.8 L	1	West Bengal
RAIPUR AGROTECH PVT LTD	Active	16.3 L	1	West Bengal
AYUSRI HEALTH PRODUCTS LIMITED	Active	5.0 Cr	1	West Bengal
PIONEER RESINS & AROMATICS PRIVATE LTD	Amalgamated	80.2 L	1	West Bengal
EVOK HOMES PRIVATE LIMITED	Active	9.5 Cr	1	West Bengal
COSMO FIRST LIMITED	Active	26.2 Cr	2	Delhi
ISAGRO (ASIA) AGROCHEMICALS PRIVATE LIMITED	Amalgamated	14.9 Cr	1	Maharashtra
PRIMESEC INVESTMENTS LIMITED	Amalgamated	1.6 Cr	1	Maharashtra
TIIVRA VENTURES PRIVATE LIMITED	Active	7.6 Cr	1	Maharashtra
NEXUS SELECT MALL MANAGEMENT PRIVATE LIMITED	Active	15.0 Cr	1	Maharashtra
NESTLE INDIA LIMITED	Active	96.4 Cr	1	Delhi

Subsidiary Companies

Name	State / Country	Incorporation Year	Paidup Capital
Halis International Ltd.	Mauritius	-	-
Queo Bathroom Innovations Ltd	United Kingdom	-	-
TRUFLO PIPES LIMITED	West Bengal	2022	₹ 20.0 L

Registered Details

CIN

U74999WB2017PLC223307

PAN

AAHCB5089L

Incorporation

2017, 7.5 years

Company Email

ngoenka@hindware.co.in

Paid up Capital

₹ 9.9 Cr

Authorised Capital

₹ 15.0 Cr

AGM

Aug 2024

Type

Public

Non-government Company

FAQ - HINDWARE LIMITED

What is the incorporation date of HINDWARE LIMITED?

The incorporation date of HINDWARE LIMITED is 02 November, 2017

What is the authorized share capital of HINDWARE LIMITED?

The authorized share capital of HINDWARE LIMITED is INR ₹ 15.0 Cr.

What is the paid-up capital of HINDWARE LIMITED?

The paid-up capital of HINDWARE LIMITED is INR ₹ 9.9 Cr.

What is the registered address of HINDWARE LIMITED?

The registered address of HINDWARE LIMITED is 2, RED CROSS PLACE NA KOLKATA Kolkata West Bengal - 700001

What is the CIN number of HINDWARE LIMITED?

The CIN number of HINDWARE LIMITED is U74999WB2017PLC223307.

Smart Suggestions

Telangana
Chandigarh
Karnataka
Jharkhand
Manipur
Meghalaya
Delhi
Pondicherry
Tamil Nadu
Assam
Blog Categories
Top Blog post
Financial Resources

Tofler, TWS Systems Private Limited and its officers respect the Intellectual Property Rights of all people. Tofler makes no claim of ownership or affiliation with any trademark (REGISTERED OR UNREGISTERED) that forms part of any Company/LLP name listed on this page. Trademarks, if any, listed on this page belong to... Read More

HINDWARE LIMITED

Leave site?

Buy Dashboard using Credits

Just a Quick Check!

Industry

Buy Report or Plans

Dashboards

Company dashboard

View subscriptions and buy credits

MCA Fillings

All financials

1 Year

PDF Reports

Financial report

Due diligence report

Locations

Locations on Map

Filter (4)

Select Tags

Choose Location

Tofler Score

Risk

About Tofler Score

Financial Highlights

Margins

Balance Sheet

Total assets

Profit & Loss

Revenue from operations

Ratios

Ratios

Charges on assets

Charges

People

Company Network