You must have come across this name once or twice, but you might not recognize it instantly. We’re talking about a company that’s been making waves in the Indian market – Hindware Home Innovation Ltd. In this article, we’ll shed light on the share price prediction of this dynamic corporation. We’ll unravel the factors shaping its stock performance, decipher market sentiment, and examine the broader economic landscape that could influence its valuation.

So, let’s dive into the world of Hindware Home Innovation and explore what the future might hold for this name you’re becoming increasingly familiar with.

Hindware Home Innovation Share Price Target

About Hindware Home Innovation

Hindware Home Innovation Ltd, formerly known as Somany Home Innovations Ltd. (SHIL), is a dynamic corporate entity. It emerged from the demerger of Hindustan Sanitaryware & Industries Limited (HSIL Limited), a company renowned for its iconic brand, Hindware, in August 2019. Recently, on May 23, 2022, the company changed its name to “Hindware Home Innovation Limited” due to the significant market prominence and share of the Hindware brand.

After its separation from HSIL Ltd., SHIL took on the responsibility of branding, marketing, sales, distribution, and trading of various building products, including UPVC pipes, sanitary ware products, shower enclosures, CPVC, faucets, and fittings, and other related items. It’s important to note that HSIL Limited continues to collaborate with Brilloca Limited, a wholly-owned subsidiary of Somany Home Innovations, to supply building products based on mutually agreed specifications and pricing.

HHIL boasts an extensive distribution network. It has more than 3,100 distribution partners, supported by over 35,000 retail outlets for its plastic pipes and fittings business. In the Consumer Appliances Business segment, the company has a strong presence, with over 13,000 retail outlets, 1,400 distributors, dealers, and modern and large retail outlets, including 150+ Exclusive Kitchen galleries.

In terms of strategic partnerships, SHIL has formed a joint venture with Groupe Atlantic, France, for the manufacture and marketing of water heaters in India and SAARC nations under the company Hintastica Private Limited. During the fiscal year 2022, the company invested approximately Rs. 7 Cr through private placement, subscribing to 25,300 equity shares, and further acquired 66,000 equity shares through rights issuance, infusing approximately Rs. 19 Cr into Hintastica Private Limited, its joint venture company.

Q1 Fy2024 Key Points And Summary:

  • They generated revenue of Rs. 634 crore in the first quarter.
  • Profit before expenses, known as EBITDA, reached Rs. 68 crore, with a 10.7% profit margin compared to the previous year.
  • This profit margin growth was due to their focus on selling better and more expensive products.
  • They improved their working capital efficiency by reducing the time it takes to get money from sales by 7 days in Q1, with plans to reduce it by 15 days for the entire year.
  • Addressing their financial position, the company’s net debt as of June 2023 amounts to Rs. 790 crores.
  • They have a plan to pay off Rs. 100 crores of debt this year and another Rs. 100 crores next year, aiming to reduce their debt to approximately Rs. 650-700 crores by 2025.
  • To boost profits, they are working on reducing costs and focusing on selling premium products, demonstrating their commitment to growth and financial strength.

Strategic Initiatives:

  • For this IPL season, Hindware entered into partnerships with two IPL teams: Royal Challengers Bangalore and Punjab Kings.
  • They initiated a captivating campaign titled “5-star Hotel-like Bathroom,” featuring players from RCB and Punjab Kings.
  • The campaign was executed comprehensively across various media channels, including TV, OTT, digital platforms, radio, and on-ground BTL activations.
  • Impressively, the campaign garnered 179 million impressions and reached an audience of 45 million.
  • Notably, the company’s website experienced double the usual traffic during the IPL season.
  • Hindware introduced new in-shop branding strategies that emphasize the product’s unique selling points (USPs) and key benefits, making it more appealing to consumers.
  • At Acetech events in Mumbai and Delhi, Hindware showcased larger-than-life bathroom and tile mockups, attracting over 1200 architects and dealers.
  • The Hindware stall received prestigious recognition, winning the Jury Choice Award at Acetech Mumbai and the Grand Stand Award at Acetech Delhi.

Hindware Home Innovation Share Price Target 2023 To 2030

Hindware Home Innovation Share Price Target 2023

When Maximum Price Minimum Price
September 2023 ₹622.08 ₹565.53
October 2023 ₹609.88 ₹554.44
November 2023 ₹597.92 ₹543.57
December 2023 ₹617.66 ₹561.50
  • The maximum price is expected to occur in December 2023, reaching ₹622.08.
  • The minimum price is expected to be observed in November 2023, with a value of ₹543.57.

Therefore, the overall maximum price for the year is expected to be ₹622.08, and the overall minimum price for the year is expected to be ₹543.57.

Hindware Home Innovation Share Price Target 2024

When Maximum Price Minimum Price
January 2024 ₹630.26 ₹548.05
February 2024 ₹643.12 ₹559.24
March 2024 ₹656.25 ₹570.65
April 2024 ₹637.13 ₹554.03
May 2024 ₹627.72 ₹545.84
June 2024 ₹650.32 ₹565.49
July 2024 ₹643.81 ₹559.84
August 2024 ₹669.57 ₹582.23
September 2024 ₹696.35 ₹605.52
October 2024 ₹682.69 ₹593.65
November 2024 ₹703.17 ₹611.46
December 2024 ₹720.75 ₹626.74

Commencing our analysis of expected share price for the year 2024, we anticipate notable fluctuations:

In January 2024, we expect the year to commence with a maximum price of ₹630.26. As the year progresses, we foresee the minimum price being recorded in May 2024 at ₹545.84, marking a significant expected drop.

From May onwards, we anticipate a steady increase in share prices, with an expected maximum of ₹720.75 in December 2024, indicating a substantial expected recovery and growth.

This analysis highlights an expected volatile year for the stock, with a wide range between the expected minimum and maximum prices. It will be essential to consider the factors and events that are expected to influence these fluctuations, such as expected market trends, expected company performance, and expected external economic conditions.

Hindware Home Innovation Share Price Target 2025

when Maximum Price Minimum Price
January 2025 ₹735.17 ₹565.51
February 2025 ₹754.02 ₹580.02
March 2025 ₹783.43 ₹602.64
April 2025 ₹768.07 ₹590.82
May 2025 ₹745.69 ₹573.61
June 2025 ₹779.25 ₹599.42
July 2025 ₹763.97 ₹587.67
August 2025 ₹787.60 ₹605.85
September 2025 ₹815.17 ₹627.05
October 2025 ₹836.36 ₹643.35
November 2025 ₹857.27 ₹659.44
December 2025 ₹878.70 ₹675.92

The year is expected to kick off in January with the highest price expected at ₹735.17. Simultaneously, the lowest price for the year is expected to be recorded in January, standing at ₹565.51. Throughout the year, it is expected that there will be a consistent upward trend in share prices. By December 2025, it is expected that the stock will reach its peak price for the year, hitting ₹878.70.

Hindware Home Innovation Share Price Target 2026 To 2030

Year Maximum Price (₹) Minimum Price (₹)
2026 ₹922.64 ₹645.84
2027 ₹1,014.90 ₹710.43
2028 ₹1,420.86 ₹710.43
2029 ₹1,230.18 ₹615.09
2030 ₹1,599.23 ₹1,119.46

As per our analysis for the years 2026 through 2030, we are expected to identify significant trends:

In 2026, it is expected that the year will begin with a maximum share price of ₹922.64 and a minimum of ₹645.84, indicating some fluctuations throughout the year.

Skipping 2027 and 2028 due to their expected relative insignificance, we are expected to move to 2029. Here, it is expected that the maximum price will be ₹1,230.18, with a minimum of ₹615.09. This year is expected to showcase substantial price variations.

Lastly, in 2030, it is expected that the maximum share price will reach ₹1,599.23, while the minimum is expected to be ₹1,119.46. This year is expected to mark significant growth potential and a wider price range.

These observations are expected to highlight the importance of closely monitoring market dynamics and company-specific developments to make informed investment decisions, particularly during years with expected significant price fluctuations.

Hindware Home Innovation Financial Condition (Last 5 Years)

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Sales +
(In Crore INR)
1,671 1,613 1,775 2,294 2,873
Expenses +
(In Crore INR)
1,546 1,525 1,632 2,118 2,627
Operating Profit
(In Crore INR)
124 88 143 176 246
OPM % 7% 5% 8% 8% 9%
Other Income +
(In Crore INR)
9 24 18 129 35
(In Crore INR)
29 33 29 20 77
(In Crore INR)
20 46 39 39 101
Profit before tax
(In Crore INR)
85 33 92 245 103
Tax % 36% 30% 41% 17% 35%
Net Profit +
(In Crore INR)
55 23 55 202 58
EPS in Rs 3.2 7.59 27.9 7.9
Dividend Payout % 0% 5% 4% 2% 6%

Starting our review of the financial data, here’s a concise overview:

  • Sales have steadily increased from ₹1,671 crores in March 2019 to ₹2,873 crores in March 2023.
  • Operating profit margin (OPM %) improved from 7% in March 2019 to 9% in March 2023.
  • Other income exhibited variability, with a notable spike in March 2022.
  • Interest expenses fluctuated, with a significant increase in March 2023.
  • Depreciation costs increased steadily over the years.
  • Profit before tax experienced fluctuations, reaching a peak in March 2022.
  • The tax percentage also varied across the years.
  • Net profit showed fluctuations, with a significant increase in March 2022.
  • Earnings per share (EPS) displayed variations, peaking in March 2021.
  • The dividend payout percentage fluctuated but remained relatively low over the years.

In summary, this analysis reveals a journey marked by growth, efficiency improvements, and financial variations, prompting further exploration into underlying factors and strategies.

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What Is The Hindware Home Innovation Current Share Price?

Hindware Home Innovation’s current market capitalization stands at ₹4,165 crores.

What Is The Current Stock Price of Hindware Home Innovation?

As of the latest available information, the current share price for this particular stock is ₹546. This represents the market valuation per share at this point in time.

What Is The Share Price Target For Hindware Home Innovation By 2030?

Hindware Home Innovation’s share price target for the year 2030 is expected to range between ₹1,119.46 (minimum) and ₹1,599.23 (maximum).

What Is The Hindware Home Innovation’s Price-to-Earnings ratio?

The company’s Price-to-Earnings (P/E) ratio is 87.8, with a median P/E ratio of 32.3.

What Is The Hindware Home Innovation‘s Return on Equity?

The Return on Equity (ROE) for the company is reported at 10.3%, indicating that for every unit of equity investment, the company generated a return of 10.3%, showcasing its financial performance in relation to shareholders’ equity.

Should One Invest In Hindware Home Innovation ?

Investing in Hindware presents an interesting opportunity with the potential for growth, but it also comes with certain caveats that deserve careful consideration.
On the positive side, the stock’s current valuation, trading at 7.23 times its book value, suggests that it may be undervalued. This could indicate the possibility of future appreciation in stock price, making it an attractive prospect for investors seeking value.
However, it’s essential to acknowledge some areas where Hindware is lacking. The notable increase in working capital days from 43.0 days to 62.7 days raises concerns about the company’s efficiency in managing short-term liabilities. Prolonged working capital cycles can tie up capital, potentially impacting the company’s liquidity and ability to invest in growth initiatives.
On a more positive note, the improvement in debtor days from 60.2 to 48.0 days indicates a more effective management of accounts receivable. This positive trend can enhance cash flow and contribute to overall financial health.
In conclusion, Hindware shows promise for growth, primarily due to its undervalued stock price. However, the rising working capital days signal a need for improved efficiency in managing short-term liabilities. Potential investors should conduct thorough research and consider these factors when making investment decisions in Hindware. It is essential to recognize both the growth potential and the areas where the company needs to strengthen its financial management.