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Hardwyn India (HARDWYN)₹9.00−2.28%Furniture, Home Furnishing
In the Jun 2026 quarter (consolidated), Hardwyn India reported sales of ₹34.63 Cr, down 19.4% from Jun 2025, and net profit of ₹2.81 Cr, down 22.8% year on year. For the year to Mar 2026, sales were ₹200 Cr and net profit ₹13.05 Cr.
Company filings, consolidated accounts; latest reported quarter Jun 2026
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 31.99 | 39.94 | 44.17 | 41.00 | 51.67 | 46.43 | 45.70 | 42.99 | 50.74 | 49.12 | 57.25 | 34.63 |
| Expenses | 29.70 | 33.31 | 38.23 | 38.53 | 45.49 | 40.03 | 42.75 | 37.32 | 43.95 | 46.12 | 51.50 | 30.13 |
| Operating Profit | 2.28 | 6.66 | 5.98 | 2.45 | 6.23 | 6.41 | 2.99 | 5.70 | 6.79 | 3.03 | 5.74 | 4.51 |
| OPM % | 7.1% | 16.7% | 13.5% | 6.0% | 12.1% | 13.9% | 6.6% | 13.3% | 13.4% | 6.2% | 10.1% | 13.1% |
| Other Income | 0.07 | 0.06 | 0.14 | 0.02 | 0.08 | 0.25 | 0.38 | 0.04 | 0.02 | 0.13 | 0.31 | 0.02 |
| Interest | 0.19 | 0.50 | 0.29 | 0.15 | 0.15 | 0.58 | 0.28 | 0.16 | 0.19 | 0.22 | 0.49 | 0.30 |
| Depreciation | 0.08 | 0.15 | 0.95 | 0.43 | 0.46 | 0.45 | 0.46 | 0.42 | 0.47 | 0.48 | 0.52 | 0.52 |
| Profit before tax | 2.07 | 6.06 | 4.87 | 1.88 | 5.68 | 5.62 | 2.62 | 5.15 | 6.14 | 2.45 | 5.03 | 3.70 |
| Tax % | 28.8% | 29.0% | 31.5% | 29.0% | 29.1% | 28.9% | 29.3% | 29.4% | 29.2% | 27.2% | 31.9% | 24.2% |
| Net Profit | 1.49 | 4.32 | 3.34 | 1.35 | 4.06 | 4.01 | 1.87 | 3.64 | 4.37 | 1.80 | 3.44 | 2.81 |
| EPS (Rs) | 0.01 | 0.05 | 0.04 | 0.01 | 0.05 | 0.05 | 0.02 | 0.04 | 0.05 | 0.02 | 0.04 | 0.03 |
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|
| Sales | 164 | 152 | 184 | 200 | 192 |
| Expenses | 150 | 136 | 166 | 179 | 172 |
| Operating Profit | 14.02 | 16.02 | 18.04 | 21.03 | 20.07 |
| OPM % | 8.0% | 11.0% | 10.0% | 11.0% | 10.5% |
| Other Income | 0.99 | 0.00 | 0.99 | 0.99 | 0.48 |
| Interest | 0.99 | 0.99 | 0.99 | 0.99 | 1.20 |
| Depreciation | 0.00 | 1.01 | 2.01 | 2.01 | 1.99 |
| Profit before tax | 12.97 | 14.96 | 15.98 | 18.95 | 17.32 |
| Tax % | 29.0% | 29.9% | 29.0% | 30.0% | — |
| Net Profit | 9.02 | 10.03 | 11.04 | 13.05 | 12.42 |
| EPS (Rs) | 0.13 | 0.14 | 0.15 | 0.18 | 0.14 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Equity Capital | 25.96 | 34.98 | 48.93 | 48.98 |
| Reserves | 345 | 347 | 344 | 357 |
| Borrowings | 4.99 | 8.98 | 9.98 | 5.99 |
| Other Liabilities | 40.92 | 54.02 | 61.71 | 52.74 |
| Total Liabilities | 417 | 444 | 464 | 465 |
| Fixed Assets | 346 | 350 | 349 | 350 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 70.94 | 94.03 | 115 | 115 |
| Inventories | 34.93 | 48.84 | 58.87 | 51.86 |
| Trade receivables | 25.01 | 30.99 | 42.99 | 45.96 |
| Cash & equivalents | 0.99 | 1.99 | 1.99 | 1.99 |
| Total Assets | 417 | 444 | 464 | 465 |
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Cash from operating activity | −0.99 | 1.99 | 1.99 | 6.98 |
| Cash from investing activity | 0.00 | −5.99 | −0.99 | −2.99 |
| Cash from financing activity | 0.99 | 3.99 | 0.00 | −4.99 |
| Net cash flow | 0.00 | 0.00 | 0.00 | 0.00 |
| Capex | 0.43 | 5.42 | 0.89 | 2.70 |
| Free cash flow | −1.01 | −3.01 | 1.01 | 5.01 |
| CFO / OP % | 20.9% | 39.9% | 35.0% | 62.0% |
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Debtor days | 55 | 74 | 84 | 83 |
| Inventory days | 92 | 144 | 141 | 113 |
| Days payable | 81 | 113 | 100 | 81 |
| Cash conversion cycle | 66 | 105 | 125 | 115 |
| Working capital days | 63 | 83 | 91 | 106 |
| ROCE % | — | 4.0% | 4.0% | 5.0% |
For the Jun 2026 quarter, Hardwyn India reported sales of ₹34.63 Cr, down 19.4% year on year and net profit of ₹2.81 Cr, down 22.8% year on year. The operating margin was 13.1%.
Hardwyn India's sales for the year to Mar 2026 were ₹200 Cr; over the last twelve months they were ₹192 Cr.
Net profit for the year to Mar 2026 was ₹13.05 Cr, and ₹12.42 Cr over the last twelve months. Earnings per share over the same trailing period were ₹0.14.
Hardwyn India reported borrowings of ₹5.99 Cr at Mar 2026, against cash and equivalents of ₹1.99 Cr.
Cash from operations was ₹6.98 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹5.01 Cr.