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Hindware Limited
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Registered Details

HINDWARE LIMITED

All Companies ›

West Bengal ›

Business Services ›

HINDWARE LIMITED

Active

Updated: 18 Dec 2025

Hindware Limited is a manufacturer in the building materials industry, specializing in sanitary ware, bathroom fittings, and kitchen products. It offers a diverse range of innovative solutions, including ceramic tiles, faucets, and water tanks, catering to residential and commercial sectors to enhance functionality and aesthetics in spaces.

Hindware Limited, is an unlisted public company incorporated on 02 November, 2017. It is classified as a public limited company and is located in , West Bengal. It's authorized share capital is INR 15.00 cr and the total paid-up capital is INR 9.89 cr.

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Industry and products

Business Services

Wholesale Trading, Plastic products, non-metallic mineral products, rubber products, fabricated metal products

Company size

Auth Capital

₹ 15.0 Cr

Paidup Capital

₹ 9.9 Cr

Revenue

₹ 2000-2250 cr

Key Metrics

** All rupee values in INR crores. Based on March 2025 numbers.

Total Revenue

-7.44%

₹ 2,207.2

EBITDA

-39.02%

₹ 176.1

Net Profit

-82.66%

₹ 17.9

Networth

2.85%

₹ 496.4

Borrowings

9.77%

₹ 809.7

Assets

7.63%

₹ 2,121.9

Gross Margin

-1.3

45.6 %

Operating Margin

-4.15

8.1 %

Net Profit Margin

-3.51

0.8 %

Return on Equity

-17.76

3.6 %

ROCE

-14.4

6.6 %

Debt to Equity

0.1

1.6

Sales

Mar 2025

Net worth

Mar 2025

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Locations

India (87)

State	Type	Address

Locations on Map

People

Designation	Name	DIN/PAN	Tenure
Managing Director	Sandip Somany Shareholder	00053597	8 years
Director	Rainer Siegfried Simon	03543040	6 years
Director	Ashok Jaipuria	00214707	6 years
Director	Salil Kumar Bhandari	00017566	6 years
Director	Girdhari Lal Sultania Shareholder	00060931	8 years
Director	Alpana Parida	06796621	6 years
Director	Shashvat Somany	10058462	2 years

Financial Highlights

** All numbers in INR crores

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales	1,262.0	1,795.5	2,316.1	2,354.6	2,170.7
Operating profit	114.0	160.0	230.2	288.8	176.1
Net profit	71.9	116.5	88.0	103.1	17.9
Gross margin	31.8	30.6	44.6	46.9	45.6
Operating margin	9.0	8.9	9.9	12.3	8.1
Net margin	5.6	6.4	3.8	4.3	0.8
Networth	259.3	351.7	409.5	482.7	496.4
Borrowings	75.8	0.3	622.5	737.6	809.7
Assets	643.0	1,597.1	1,807.2	1,971.5	2,121.9
Debt to equity	0.3	0.0	1.5	1.5	1.6
Current ratio	1.7	0.8	1.0	1.0	1.1
ROE	27.7	33.1	21.5	21.4	3.6
Days payable	17.0	50.0	62.0	70.0	108.0
WC days	63.0	-43.0	5.0	0.0	10.0

Margins

Gross margin

Operating margin

Net margin

Balance Sheet

₹

** All numbers in INR crores

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	4.9	4.9	9.9	9.9	9.9
Reserves	254.4	346.8	399.6	472.8	486.5
Borrowings +	75.8	0.3	622.5	737.6	809.7
Long term borrowings	29.8	-	319.8	333.2	452.8
Short term borrowings	46.0	0.3	302.7	404.4	356.9
Trade payables +	41.2	170.2	218.8	240.6	349.9
Days payable	17.0	50.0	62.0	70.0	108.0
Other liabilities +	308.0	1,245.1	775.2	751.2	815.8
Other non-current liabilities	60.7	200.1	218.0	206.3	178.1
Other current liabilities	206.1	874.8	338.4	304.4	287.8
Total liabilities	643.0	1,597.1	1,807.2	1,971.5	2,121.9
Fixed Assets +	105.3	708.2	851.8	894.2	1,019.4
Tangible assets	103.7	652.2	817.1	836.2	807.8
CWIP	0.9	51.9	31.1	54.5	206.9
Intangible assets	0.7	4.1	3.5	3.5	4.8
LT loans and advances	12.9	17.0	25.0	45.0	-
Other non-current assets	13.3	36.9	40.9	83.6	45.6
Current assets +	511.5	835.0	889.5	948.7	1,056.9
Inventories	152.4	531.6	562.7	476.1	510.2
Trade receivables	247.1	165.2	239.9	349.9	417.3
Cash and cash equivalents	4.9	23.4	7.8	18.4	18.6
ST loans and advances	0.6	-	-	-	-
Other current assets	106.6	114.8	79.1	104.4	110.9
Total assets	643.0	1,597.1	1,807.2	1,971.5	2,121.9

Percentage of assets	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	0.76	0.31	0.55	0.5	0.47
Reserves	39.56	21.72	22.11	23.98	22.93
Borrowings +	11.79	0.02	34.45	37.41	38.16
Long term borrowings	4.63	0.0	17.7	16.9	21.34
Short term borrowings	7.15	0.02	16.75	20.51	16.82
Trade payables	6.41	10.65	12.11	12.2	16.49
Other liabilities +	47.89	77.96	42.9	38.1	38.45
Other non-current liabilities	9.44	12.53	12.07	10.46	8.39
Other current liabilities	32.05	54.77	18.72	15.44	13.56
Total liabilities
Fixed Assets +	16.37	44.34	47.13	45.36	48.04
Tangible assets	16.13	40.83	45.22	42.41	38.07
CWIP	0.14	3.25	1.72	2.77	9.75
Intangible assets	0.1	0.26	0.2	0.18	0.22
LT loans and advances	2.01	1.06	1.38	2.28	0.0
Other non-current assets	2.07	2.31	2.26	4.24	2.15
Current assets +	79.55	52.28	49.22	48.12	49.81
Inventories	23.7	33.29	31.14	24.15	24.04
Trade receivables	38.42	10.34	13.28	17.75	19.66
Cash and cash equivalents	0.76	1.47	0.43	0.93	0.88
ST loans and advances	0.09	0.0	0.0	0.0	0.0
Other current assets	16.57	7.19	4.37	5.29	5.23
Total assets

Total assets

Profit & Loss

₹

** All numbers in INR crores

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales +	1,262.0	1,795.5	2,316.1	2,354.6	2,170.7
Sales growth %	8.71	42.28	29.0	1.66	-7.81
Expenses +	1,187.1	1,666.1	2,227.9	2,245.4	2,180.5
Cost of goods	860.4	1,245.4	1,284.1	1,249.3	1,179.9
Employee cost	127.8	175.9	336.8	358.7	369.4
Other costs	159.7	214.2	465.0	457.9	445.3
Operating profit +	114.0	160.0	230.2	288.8	176.1
Operating margin %	9.0	8.9	9.9	12.3	8.1
Other income	18.2	24.7	29.1	30.1	36.5
Interest	15.4	5.6	59.1	78.0	80.7
Depreciation	23.8	25.1	82.8	101.5	105.2
Exceptional items	-	-	-	-	-
Profit before tax	93.1	154.0	117.3	139.3	26.7
Tax	21.2	37.5	29.3	36.2	8.9
Profit - disc. ops	-	-	-	-	-
Net profit	71.9	116.5	88.0	103.1	17.9
Net margin %	5.6	6.4	3.8	4.3	0.8

Precentage of total income	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales	98.58	98.64	98.76	98.74	98.35
Expenses +	92.73	91.54	95.0	94.16	98.79
Cost of goods	67.21	68.42	54.76	52.39	53.46
Employee cost	9.98	9.66	14.36	15.04	16.73
Other costs	12.48	11.77	19.83	19.2	20.18
Operating profit	8.91	8.79	9.82	12.11	7.98
Other income	1.42	1.36	1.24	1.26	1.65
Interest	1.2	0.31	2.52	3.27	3.66
Depreciation	1.86	1.38	3.53	4.26	4.76
Exceptional items	0.0	0.0	0.0	0.0	0.0
Profit before tax	7.27	8.46	5.0	5.84	1.21
Tax	1.66	2.06	1.25	1.52	0.4
Profit - disc. ops	0.0	0.0	0.0	0.0	0.0
Net profit	5.62	6.4	3.75	4.32	0.81

Revenue from operations

Ratios

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Solvency +
Total Debt/Equity	0.3	0.0	1.5	1.5	1.6
Net Debt/Equity	0.3	0.0	1.5	1.5	1.6
Total Debt/Assets	0.1	0.0	0.3	0.4	0.4
Total Assets/Equity	2.5	4.5	4.4	4.1	4.3
Liquidity +
Current Ratio	1.7	0.8	1.0	1.0	1.1
Quick Ratio	1.2	0.3	0.4	0.5	0.6
Interest Coverage	7.4	28.6	3.9	3.7	2.2
Performance
Gross Margin	31.8	30.6	44.6	46.9	45.6
Operating Margin	9.0	8.9	9.9	12.3	8.1
Net Margin	5.6	6.4	3.8	4.3	0.8
Return +
Return on Equity	27.7	33.1	21.5	21.4	3.6
Pre-tax ROCE	27.9	27.1	16.7	21.0	6.6
Return on Assets	11.2	7.3	4.9	5.2	0.8
Pre-tax ROIC	27.3	38.4	14.4	15.6	5.5
Efficiency +
Days Payable	17.0	50.0	62.0	70.0	108.0
Days Inventory	65.0	156.0	160.0	139.0	158.0
Days Receivable	71.0	34.0	38.0	54.0	70.0
Fixed Asset Turnover	12.0	2.5	2.7	2.6	2.1
Total Asset Turnover	2.0	1.1	1.3	1.2	1.0
Working Capital
Cash Conversion Cycle	119.0	140.0	136.0	123.0	120.0
Working Capital Days	63.0	-43.0	5.0	0.0	10.0

Ratios

Current ratio

Debt/equity ratio

Charges on assets

Bank wise

Charges

HDFC Bank Limited

No. of Loans: 4

Total Amount : 639.0 cr

The Federal Bank Limited

No. of Loans: 4

Total Amount : 390.0 cr

The Hongkong and Shanghai Banking Corporation Limited

No. of Loans: 3

Total Amount : 187.0 cr

Standard Chartered Bank

No. of Loans: 1

Total Amount : 125.0 cr

Axis Bank Limited

No. of Loans: 1

Total Amount : 120.0 cr

Kotak Mahindra Bank Limited

No. of Loans: 1

Total Amount : 50.0 cr

Charge Holder	Amount	Date of creation/modification
Kotak Mahindra Bank Limited	50.0 cr	28 Mar, 2025
HDFC Bank Limited	65.0 cr	28 Mar, 2025
The Federal Bank Limited	65.0 cr	28 Mar, 2025
The Federal Bank Limited	50.0 cr	11 Dec, 2024
HDFC Bank Limited	50.0 cr	11 Dec, 2024
The Hongkong and Shanghai Banking Corporation Limited	87.0 cr	10 Aug, 2023
The Federal Bank Limited	175.0 cr	07 Jun, 2023
HDFC Bank Limited	214.0 cr	06 Jun, 2023
The Hongkong and Shanghai Banking Corporation Limited	50.0 cr	25 Apr, 2023
The Federal Bank Limited	100.0 cr	07 Mar, 2023
HDFC Bank Limited	310.0 cr	07 Mar, 2023
The Hongkong and Shanghai Banking Corporation Limited	50.0 cr	07 Mar, 2023
Standard Chartered Bank	125.0 cr	06 Apr, 2022
Axis Bank Limited	120.0 cr	08 Mar, 2022

Charges

HDFC Bank Limited

The Federal Bank Limited

The Hongkong and Shanghai Banking Corporation Limited

Standard Chartered Bank

Others

Company Network

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INTEGRATED OUTSOURCING SOLUTIONS PRIVATE LIMITED	Active	1.0 L	1
HINDWARE HOME INNOVATION LIMITED	Active	16.7 Cr	4	West Bengal
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Subsidiary Companies

Name	State / Country	Incorporation Year	Paidup Capital
Halis International Ltd.	Mauritius	-	-
Queo Bathroom Innovations Ltd.	United Kingdom	-	-
TRUFLO PIPES LIMITED		2022	₹ 20.0 L

Tofler Score

Good

Poor

Fair

Good

Very Good

Excellent

Risk

Severe Risk

VERY LOW INTEREST COVERAGE

Moderate Risk

HIGH LEVERAGE
RECEIVABLES DETERIORATING
LOW ROCE
PAYABLES DETERIORATING
LOW CASH BALANCE

Low Risk

NET MARGIN DETERIORATING

About Tofler Score

Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

CIN

U74999WB2017PLC223307

PAN

AAHCB5089L

Incorporation

2017, 8.2 years

Company Email

ngoenka[at]hindware[dot]co[dot]in

Paid up Capital

₹ 9.9 Cr

Authorised Capital

₹ 15.0 Cr

AGM

Sep 2025

Type

Public

Others

FAQ - HINDWARE LIMITED

What is the incorporation date of HINDWARE LIMITED?

The incorporation date of HINDWARE LIMITED is 02 November, 2017

What is the authorized share capital of HINDWARE LIMITED?

The authorized share capital of HINDWARE LIMITED is INR ₹ 15.0 Cr.

What is the paid-up capital of HINDWARE LIMITED?

The paid-up capital of HINDWARE LIMITED is INR ₹ 9.9 Cr.

What is the registered address of HINDWARE LIMITED?

The registered address of HINDWARE LIMITED is 2, RED CROSS PLACE, Kolkata, KOLKATA, West Bengal, India, 700001 - 700001

What is the CIN number of HINDWARE LIMITED?

The CIN number of HINDWARE LIMITED is U74999WB2017PLC223307.

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