Hardwyn India Ltd(HARDWYN)

NSE: HARDWYNBSE: 541276

₹ 9.05+0.44%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 619 crWebsite: www.hardwyn.comUpdated: 24 Oct 2026

About

Hardwyn India Ltd sells architectural hardware, kitchen fittings, and aluminium and allied products. Its revenue was Rs 199.86 Cr in FY26. Architectural hardware and kitchen fittings made up 88.9% of that revenue. The company reports a network of 4,000+ dealers and 200+ service centres.^[1][2][3]

Business segments

Architectural hardware and kitchen fittings: Rs 177.77 Cr of revenue, a 88.9% share, in FY26.^[2]
Aluminium and allied products: Rs 22.09 Cr of revenue, a 11.1% share, in FY26.^[2]
In the FY25 annual report, the standalone business was presented as a single segment trading hardware, kitchen goods and aluminium products.^[4]

Products

Sales of the Kitchen Basket Wire Series rose significantly in Q4 FY26, helped by cross-selling and better dealer penetration.^[5]
Five new products were launched in the mortise handle segment, as reported on the Q4 FY26 call.^[5][3]

Subsidiaries

Hardwyn holds 33% of Fiba Hardwyn Locks Limited through a share swap effective 14 March 2023. The company has control, so Fiba Hardwyn is treated as a subsidiary.^[4]
Hardwyn holds 85% of Slimx Interior Solutions Private Limited, effective 23 November 2023.^[4]

Customers and distribution

The company reports a dealer network of 4,000+ in FY26 and 200+ service centres.^[5][3]
Over 500 dealers attended a Dealers' Meet the company held in Kerala.^[3]
The company won multiple orders from institutional and government-backed infrastructure projects across India.^[5]
The company signed an MoU to supply infrastructure and construction projects in Bhutan, its first overseas exposure.^[5][3]

Plans and targets

Management targets revenue of Rs 1,000 Cr+ by FY32, which it says implies a 30-35% CAGR.^[5]
Planned export push into South Asia, the Middle East and Africa.^[5]
The company plans to expand into premium, smart and bundled hardware.^[5]
The company plans to deepen its presence in Tier-II and Tier-III cities through dealers and Hardwyn Design Studios.^[5]
The company plans to grow online and direct-to-consumer sales through digital catalogues, configurators and e-commerce partnerships.^[3]

Market Cap

₹619 Cr

High / Low

₹20 / 9

Stock P/E

50.3

Price / Book

1.5

Book Value

₹8

EPS

₹0.2

No. of Shares

48.84 Cr

ROCE

4.9%

ROE

3.3%

OPM

9.9%

Debt / Equity

0.01

Sales

₹200 Cr

Net Profit

₹13 Cr

Promoter holding

43.8%

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Signal history

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Hardwyn India Ltd(HARDWYN)

About

Business segments

Products

Subsidiaries

Customers and distribution

Plans and targets

Signal history

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