Why is Hardwyn India Ltd ?
1
Company has a low Debt to Equity ratio (avg) at 0.02 times
2
Poor long term growth as Net Sales has grown by an annual rate of 5.90% and Operating profit at 10.80% over the last 5 years
3
Negative results in Dec 25
- PBT LESS OI(Q) At Rs 2.33 cr has Fallen at -50.5% (vs previous 4Q average)
- PAT(Q) At Rs 1.79 cr has Fallen at -48.2% (vs previous 4Q average)
- OPERATING PROFIT TO NET SALES (Q) Lowest at 6.15%
4
Stock is technically in a Bullish range
- The technical trend has improved from Mildly Bullish on 24-Mar-26 and has generated 26.6% returns since then
- Multiple factors for the stock are Bullish like MACD, Bollinger Band, KST and OBV
5
With ROE of 2.9, it has a Very Expensive valuation with a 3.1 Price to Book Value
- The stock is trading at a discount compared to its peers' average historical valuations
- Over the past year, while the stock has generated a return of 94.59%, its profits have risen by 10% ; the PEG ratio of the company is 10.2
6
Despite the size of the company, domestic mutual funds hold only 0% of the company
- Domestic mutual funds have capability to do in-depth on-the-ground research on companies- their small stake may signify either they are not comfortable at the price or the business
How much should you sell?
- All quantity irrespective of whether you are making profits or losses
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Furniture, Home Furnishing)
When to re-enter? - We will constantly monitor the company and review our call based on new data
Is Hardwyn India for you?
High Risk, High Return
Absolute
Risk Adjusted
Volatility
Hardwyn India
-30.79%
2.15
44.06%
Sensex
-11.8%
-0.49
12.94%
Quality key factors
Factor
Value
Sales Growth (5y)
10.48%
EBIT Growth (5y)
7.05%
EBIT to Interest (avg)
14.73
Debt to EBITDA (avg)
0.61
Net Debt to Equity (avg)
0.01
Sales to Capital Employed (avg)
0.39
Tax Ratio
28.74%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
0.78%
ROCE (avg)
3.72%
ROE (avg)
3.05%
Valuation Key Factors 
Factor
Value
P/E Ratio
51
Industry P/E
10
Price to Book Value
1.54
EV to EBIT
35.00
EV to EBITDA
31.59
EV to Capital Employed
1.54
EV to Sales
3.30
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
4.71%
ROE (Latest)
3.25%
Loading Valuation Snapshot...
Technical key factors
Indicator
Weekly
Monthly
MACD
Bearish
Bearish
RSI
Bullish
No Signal
Bollinger Bands
Bearish
Mildly Bearish
Moving Averages
Bearish (Daily)
KST
Bearish
Bullish
Dow Theory
Mildly Bullish
No Trend
OBV
No Trend
No Trend
Technical Movement
0What is working for the Company
NO KEY POSITIVE TRIGGERS
-6What is not working for the Company
PBT LESS OI(Q)
At Rs 3.67 cr has Fallen at -19.6% (vs previous 4Q average
NET SALES(Q)
Lowest at Rs 34.60 cr
Loading Valuation Snapshot...
Here's what is not working for Hardwyn India
Net Sales - Quarterly
At Rs 34.60 cr has Fallen at -30.8% (vs previous 4Q average)
over average Net Sales of the previous four quarters of Rs 49.97 CrMOJO Watch
Near term sales trend is very negative
Net Sales (Rs Cr)
Profit Before Tax less Other Income (PBT) - Quarterly
At Rs 3.67 cr has Fallen at -19.6% (vs previous 4Q average)
over average PBT of the previous four quarters of Rs 4.57 CrMOJO Watch
Near term PBT trend is very negative
PBT less Other Income (Rs Cr)
Net Sales - Quarterly
Lowest at Rs 34.60 cr
in the last five quartersMOJO Watch
Near term sales trend is negative
Net Sales (Rs Cr)