Hardwyn India

Why is Hardwyn India Ltd falling/rising?

As of 24-Aug, Hardwyn India Ltd's stock price is Rs 9.08, unchanged from the previous session, and has significantly declined by 46.40% year-to-date. The stock is underperforming the market and trading near its 52-week low, with declining investor participation and bearish trends indicated by moving averages.

As of 24-Aug, Hardwyn India Ltd's stock price is currently at Rs 9.08, showing no change from the previous trading session. The stock has experienced a significant decline over various periods, with a year-to-date drop of 46.40% and a one-year decline of 34.82%. In the last week, the stock has fallen by 17.30%, while the benchmark Sensex has only decreased by 0.46% during the same period, indicating that Hardwyn India Ltd is underperforming relative to the market.<BR><BR>The stock is also trading close to its 52-week low, being only 1.97% away from Rs 8.96. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a bearish trend. The performance today indicates that the stock has underperformed its sector by 1.67%, while the Aluminium & Aluminium Products sector has gained by 2.06%. <BR><BR>Investor participation appears to be declining, as evidenced by a 33.19% drop in delivery volume compared to the 5-day average. Although the stock remains liquid enough for trading, these factors collectively contribute to the downward pressure on Hardwyn India Ltd's stock price.

Which are the latest news on Hardwyn India?

Should I buy, sell or hold Hardwyn India Ltd?

Who are in the management team of Hardwyn India?

The management team of Hardwyn India includes Rubaljeet Singh Sayal (Managing Director & CFO), Swaran Jeet Singh Sayal (Chairman & Executive Director), Shikha Chawla and Kulmeet Lamba Chawla (Independent Directors), Tanya Sayal (Executive Director), and Kanchan Sharma (Company Secretary & Compliance Officer).

The management team of Hardwyn India includes the following individuals:<BR><BR>1. **Rubaljeet Singh Sayal** - Managing Director & CFO<BR>2. **Swaran Jeet Singh Sayal** - Chairman & Executive Director<BR>3. **Shikha Chawla** - Independent Director<BR>4. **Tanya Sayal** - Executive Director<BR>5. **Kulmeet Lamba Chawla** - Independent Director<BR>6. **Kanchan Sharma** - Company Secretary & Compliance Officer<BR><BR>If you have any more questions about Hardwyn India or its operations, feel free to ask!

What does Hardwyn India do?

Hardwyn India Ltd, a micro-cap company in the furniture and home furnishing industry, reported net sales of 46 Cr and a net profit of 3 Cr for the quarter ending March 2026. The company, originally incorporated as Garv Industries Limited in 2017, has a market cap of INR 790 Cr.

Overview:<BR>Hardwyn India Ltd operates in the furniture and home furnishing industry and is categorized as a micro-cap company.<BR><BR>History:<BR>Hardwyn India Limited was originally incorporated as Garv Industries Limited on October 12, 2017. The latest quarterly results reported net sales and net profit for the period ending March 2026.<BR><BR>Financial Snapshot:<BR>Net Sales: 46 Cr (Quarterly Results - Mar 2026) <BR>Net Profit: 3 Cr (Quarterly Results - Mar 2026) <BR>Market Cap: INR 790 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: 60.00 <BR>Industry P/E: 12 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: 0.01 <BR>Return on Equity: 3.25% <BR>Price to Book: 1.90 <BR><BR>Contact Details:<BR>Address: B-502 5th Flr Statesman House 147, Barakhamba Road New Delhi Delhi: 110001 <BR>Tel: 91-11-2362 9277 <BR>Email: info@garvindustries.com <BR>Website: http://www.hardwyn.com

Who are the peers of the Hardwyn India?

Hardwyn India's peers include Milestone Furn., BirlaNu Ltd, Stanley Lifesty., Tirupati Foam, Shashwat Furnis., Golden Carpets, Rexpro Enter., and Safe Enterprises. In terms of management risk, growth, and capital structure, Hardwyn India shows average performance, with a 1-year return of -17.62%, better than Stanley Lifesty. but worse than Milestone Furn.

Peers: The peers of Hardwyn India are Milestone Furn., BirlaNu Ltd, Stanley Lifesty., Tirupati Foam, Shashwat Furnis., Golden Carpets, Rexpro Enter., and Safe Enterprises.<BR><BR>Quality Snapshot: Excellent management risk is observed at Safe Enterprises, while Average management risk is found at Hardwyn India, Stanley Lifesty., Tirupati Foam, and the rest. Below Average management risk is noted at BirlaNu Ltd, Shashwat Furnis., and Rexpro Enter. In terms of Growth, Excellent growth is seen at Safe Enterprises, Average growth at Hardwyn India and the rest, and Below Average growth at BirlaNu Ltd, Stanley Lifesty., Tirupati Foam, Shashwat Furnis., and Rexpro Enter. For Capital Structure, Excellent capital structure is observed at Hardwyn India and Safe Enterprises, Good capital structure at Rexpro Enter, Average at Stanley Lifesty. and Shashwat Furnis., and Below Average at BirlaNu Ltd, Tirupati Foam, and the rest.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Milestone Furn. at 156.81%, while the lowest is Stanley Lifesty. at -53.06%. Hardwyn India’s 1-year return is -17.62%, which is higher than Stanley Lifesty. but lower than Milestone Furn. Additionally, the peers with negative six-month returns include Milestone Furn., BirlaNu Ltd, Stanley Lifesty., and Rexpro Enter.

How big is Hardwyn India?

As of 14th August, Hardwyn India Ltd has a market capitalization of 776.79 Cr and reported net sales of 188.35 Cr and net profit of 11.63 Cr over the latest four quarters.

As of 14th August, <BR><BR>Market Cap: Hardwyn India Ltd has a market capitalization of 776.79 Cr, classified as a Micro Cap.<BR><BR>Recent Quarterly Performance: The sum of Net Sales for the latest 4 quarters is 188.35 Cr, while the sum of Net Profit for the same period is 11.63 Cr.<BR><BR>Balance Sheet Snapshot: The reporting period is March 2025, with Shareholder's Funds amounting to 393.41 Cr and Total Assets totaling 464.81 Cr.

What is the bonus history of Hardwyn India?

Hardwyn India has issued bonus shares multiple times, with recent bonuses in the ratios of 2:5 on July 28, 2026, and December 27, 2024, as well as 1:3 on June 5, 2023, and 1:2 on July 25, 2022, demonstrating a consistent practice of rewarding shareholders.

Hardwyn India has a history of issuing bonuses as follows:<BR><BR>1. On July 28, 2026, the company announced a bonus issue in the ratio of 2:5.<BR>2. Previously, on December 27, 2024, there was another bonus issue also in the ratio of 2:5.<BR>3. On June 5, 2023, Hardwyn India issued a bonus in the ratio of 1:3.<BR>4. Earlier, on July 25, 2022, the company had a bonus issue in the ratio of 1:2.<BR><BR>This pattern indicates that Hardwyn India has been actively rewarding its shareholders with bonus shares over the past few years.

Are Hardwyn India Ltd latest results good or bad?

Hardwyn India Ltd's latest Q3 FY26 results are concerning, with a net profit decline of 55.14% year-on-year and an operating margin drop to 6.15%, the lowest in eight quarters. While revenue grew modestly by 5.80% year-on-year, the significant profit and margin declines indicate serious challenges for the company.

Hardwyn India Ltd's latest results for Q3 FY26 indicate a challenging financial performance. The company reported a net profit of ₹1.79 crore, which represents a significant decline of 55.14% year-on-year. This sharp drop in profitability is concerning, especially as it also reflects a sequential decline of 58.85% from the previous quarter.<BR><BR>On the revenue front, Hardwyn India achieved ₹49.08 crore, showing a modest year-on-year growth of 5.80%. However, this figure also marks a decline of 3.18% compared to the previous quarter, indicating potential difficulties in maintaining sales momentum.<BR><BR>The operating margin has collapsed to 6.15%, the lowest in eight quarters, down from 13.80% in the same quarter last year. This substantial margin compression is a critical issue, as it highlights the company's struggles with cost pressures and operational efficiency.<BR><BR>Overall, while there was some revenue growth year-on-year, the significant declines in net profit and operating margins suggest that the latest results are more negative than positive. The financial metrics indicate that Hardwyn India is facing serious challenges that warrant caution for investors.

When is the next results date for Hardwyn India Ltd?

The next results date for Hardwyn India Ltd is 14 February 2026.

The next results date for Hardwyn India Ltd is scheduled for 14 February 2026.

Is Hardwyn India technically bullish or bearish?

As of December 1, 2025, the technical trend is mildly bullish, supported by positive short-term indicators like the MACD and RSI, but mixed signals from Bollinger Bands and KST suggest a cautious approach.

As of 1 December 2025, the technical trend has changed from bullish to mildly bullish. The current technical stance is mildly bullish, with key indicators supporting this view. The MACD is bullish on the weekly chart and mildly bullish on the monthly chart, while the RSI shows a bullish signal on the monthly timeframe. Daily moving averages are bullish, indicating positive momentum in the short term. However, the Bollinger Bands are mildly bullish on the weekly chart but bearish on the monthly, suggesting some caution. The KST is bullish on the weekly but bearish on the monthly, and there are no clear trends in the Dow Theory or OBV across both timeframes. Overall, while there are positive signals, the mixed indicators suggest a cautious approach.

How has been the historical performance of Hardwyn India?

Hardwyn India has shown steady growth in net sales and profit over the past three years, with net sales increasing from 164.66 Cr in Mar'23 to 184.60 Cr in Mar'25, and profit after tax rising from 9.28 Cr to 11.23 Cr. The company also improved its operating profit and cash flow during this period, indicating enhanced operational efficiency.

Answer:<BR>The historical performance of Hardwyn India shows a steady growth in net sales and profit over the past three years.<BR><BR>Breakdown:<BR>Hardwyn India's net sales increased from 164.66 Cr in Mar'23 to 184.60 Cr in Mar'25, with a slight dip in Mar'24 to 152.85 Cr. Total operating income followed a similar trend, reaching 184.60 Cr in Mar'25. The company's total expenditure, excluding depreciation, rose from 151.11 Cr in Mar'23 to 166.56 Cr in Mar'25, reflecting increased costs in raw materials and employee expenses. Operating profit (PBDIT) improved from 14.26 Cr in Mar'23 to 18.81 Cr in Mar'25, indicating better operational efficiency despite rising costs. Profit before tax also saw an upward trend, increasing from 13.11 Cr in Mar'23 to 15.85 Cr in Mar'25, while profit after tax rose from 9.28 Cr to 11.23 Cr in the same period. The company's total assets grew from 418.06 Cr in Mar'23 to 464.81 Cr in Mar'25, with total liabilities increasing correspondingly from 418.06 Cr to 464.81 Cr. Cash flow from operating activities showed a positive shift, moving from a negative 1.00 Cr in Mar'23 to 1.00 Cr in Mar'25, while closing cash and cash equivalents improved from 1.00 Cr to 2.00 Cr. Overall, Hardwyn India demonstrates a positive growth trajectory in both revenue and profitability over the analyzed period.

Is Hardwyn India overvalued or undervalued?

As of November 7, 2025, Hardwyn India is considered very expensive and overvalued with a PE ratio of 57.01, significantly higher than its peers like Hindalco and National Aluminium, despite a recent short-term stock performance boost, while its year-to-date return shows a decline of 13.82%.

As of 7 November 2025, Hardwyn India has moved from a grade of expensive to very expensive, indicating a significant deterioration in its valuation outlook. The company is considered overvalued based on its current metrics, with a PE ratio of 57.01, an EV to EBITDA ratio of 36.59, and a PEG ratio of 5.52. These figures suggest that the stock is trading at a premium compared to its earnings growth potential.<BR><BR>In comparison to its peers, Hardwyn India stands out unfavorably; for instance, Hindalco Industries has a PE ratio of 10.26 and National Aluminium boasts a PE of 7.52, both categorized as attractive. The stark contrast in valuation ratios highlights the overvaluation of Hardwyn India relative to its industry. Additionally, while Hardwyn's stock has performed well in the short term, with a 1-month return of 18.83% compared to a 1.57% return for the Sensex, its year-to-date performance shows a decline of 13.82%, further emphasizing the concerns surrounding its current valuation.

Who are the top shareholders of the Hardwyn India?

The top shareholders of Hardwyn India are Rubaljeet Singh Sayal with 23.7%, Ginni Chadha with 19.15%, and individual investors holding 52.52%. There are no pledged promoter holdings or mutual funds invested in the company, and three foreign institutional investors hold a total of 0.91%.

The top shareholders of Hardwyn India include Rubaljeet Singh Sayal, who holds the highest promoter stake at 23.7%. The highest public shareholder is Ginni Chadha, with a holding of 19.15%. Additionally, individual investors collectively own 52.52% of the company. There are also three foreign institutional investors (FIIs) who hold a total of 0.91%. Notably, there are no pledged promoter holdings and no mutual funds currently invested in the company.

Has Hardwyn India declared dividend?

No Dividend History Available