As of 3rd April 2024, Hindware Home Innovation is trading at ₹406 with a market cap of ₹2,933 Crore. Currently trading with a PE ratio of 69.1, this small-cap company looks overvalued, but is it? Let’s find out in this article.
Predicting future stock values is difficult in the world of investments. However, if we conduct the proper study, we can provide accurate projections. In this post, we’ll examine Hindware Home Innovation Ltd. in more detail, as well as its projected share price range from 2024 to 2030. Is it wise to acquire this stock? By 2025, can it achieve the coveted 1000 INR threshold? To fully grasp the company’s growth prospects, we’ll be looking at its financials, market trends, and industry advancements. To learn more about Hindware Home Innovation Ltd.’s prospects or to invest in it, read on.
About Hindware Home Innovations
Hindware Home Innovation Limited is a prominent and rapidly expanding player in both the Indian Consumer Appliances and Building Products sectors. Established in 2017, the company boasts leadership in Building Products and is a frontrunner in the Indian Consumer Appliances segment. With a strong focus on consumer service, Hindware Home Innovation engages in the entire spectrum of operations, encompassing manufacturing, branding, marketing, sales, distribution, and service across diverse product categories.
What kind of business is Hindware Home Innovation in?
Hindware Home Innovation Limited operates as a multifaceted business encompassing the domains of Indian Consumer Appliances and Building Products. The company excels as a leader in the Building Products sector while also holding a prominent position in the Indian Consumer Appliances segment.
Below are the trading platforms that you can use to purchase Hindware Home Innovation Ltd shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| April 2024 | 438.48 | 381.29 |
| May 2024 | 432.00 | 375.65 |
| June 2024 | 447.55 | 389.18 |
| July 2024 | 443.08 | 385.28 |
| August 2024 | 460.80 | 400.70 |
| September 2024 | 479.23 | 416.72 |
| October 2024 | 469.83 | 408.55 |
| November 2024 | 483.93 | 420.81 |
| December 2024 | 496.03 | 431.33 |
Hindware Home Innovation’s share price targets for 2024 show a consistent upward trend, with the maximum price ranging from 438.48 to 496.03 and the minimum price ranging from 375.65 to 431.33, indicating steady growth potential over the year.
| When | Maximum Price | Minimum Price |
| January 2025 | 505.95 | 389.19 |
| February 2025 | 518.92 | 399.17 |
| March 2025 | 539.16 | 414.74 |
| April 2025 | 528.59 | 406.61 |
| May 2025 | 513.19 | 394.76 |
| June 2025 | 536.29 | 412.53 |
| July 2025 | 525.77 | 404.44 |
| August 2025 | 542.03 | 416.95 |
| September 2025 | 561.00 | 431.54 |
| October 2025 | 575.59 | 442.76 |
| November 2025 | 589.98 | 453.83 |
| December 2025 | 604.73 | 465.18 |
In 2025, Hindware Home Innovation’s share price targets exhibit a consistent upward trajectory, with maximum prices ranging from 505.95 to 604.73 and minimum prices ranging from 389.19 to 465.18, indicating promising growth potential throughout the year.
| When | Maximum Price | Minimum Price |
| January 2026 | 622.87 | 479.13 |
| February 2026 | 638.84 | 491.42 |
| March 2026 | 663.76 | 510.58 |
| April 2026 | 650.74 | 500.57 |
| May 2026 | 631.79 | 485.99 |
| June 2026 | 660.22 | 507.86 |
| July 2026 | 647.27 | 497.90 |
| August 2026 | 667.29 | 513.30 |
| September 2026 | 690.65 | 531.27 |
| October 2026 | 708.60 | 545.08 |
| November 2026 | 726.32 | 558.71 |
| December 2026 | 744.48 | 572.67 |
Hindware Home Innovation’s projected share prices for 2026 depict a consistent upward trend, with maximum prices ranging from 622.87 to 744.48 and minimum prices from 479.13 to 572.67, indicating sustained growth potential throughout the year.
| When | Maximum Price | Minimum Price |
| January 2027 | 759.37 | 584.13 |
| February 2027 | 778.84 | 599.10 |
| March 2027 | 809.21 | 622.47 |
| April 2027 | 793.34 | 610.26 |
| May 2027 | 770.24 | 592.49 |
| June 2027 | 804.90 | 619.15 |
| July 2027 | 789.11 | 607.01 |
| August 2027 | 813.52 | 625.79 |
| September 2027 | 841.99 | 647.69 |
| October 2027 | 863.89 | 664.53 |
| November 2027 | 885.48 | 681.14 |
| December 2027 | 907.62 | 698.17 |
| When | Maximum Price | Minimum Price |
| January 2028 | 925.77 | 712.13 |
| February 2028 | 949.51 | 730.39 |
| March 2028 | 986.54 | 758.88 |
| April 2028 | 967.20 | 744.00 |
| May 2028 | 939.03 | 722.33 |
| June 2028 | 981.28 | 754.83 |
| July 2028 | 962.04 | 740.03 |
| August 2028 | 991.80 | 762.92 |
| September 2028 | 1,026.51 | 789.62 |
| October 2028 | 1,053.20 | 810.15 |
| November 2028 | 1,079.53 | 830.41 |
| December 2028 | 1,106.52 | 851.17 |
| When | Maximum Price | Minimum Price |
| January 2029 | 1,128.65 | 868.19 |
| February 2029 | 1,157.59 | 890.45 |
| March 2029 | 1,202.73 | 925.18 |
| April 2029 | 1,179.15 | 907.04 |
| May 2029 | 1,144.80 | 880.62 |
| June 2029 | 1,196.32 | 920.25 |
| July 2029 | 1,172.86 | 902.20 |
| August 2029 | 1,209.14 | 930.11 |
| September 2029 | 1,251.46 | 962.66 |
| October 2029 | 1,283.99 | 987.69 |
| November 2029 | 1,316.09 | 1,012.38 |
| December 2029 | 1,349.00 | 1,037.69 |
| When | Maximum Price | Minimum Price |
| January 2030 | 1,375.98 | 1,058.44 |
| February 2030 | 1,411.26 | 1,085.58 |
| March 2030 | 1,466.30 | 1,127.92 |
| April 2030 | 1,437.55 | 1,105.81 |
| May 2030 | 1,395.68 | 1,073.60 |
| June 2030 | 1,458.48 | 1,121.91 |
| July 2030 | 1,429.88 | 1,099.91 |
| August 2030 | 1,474.11 | 1,133.93 |
| September 2030 | 1,525.70 | 1,173.62 |
| October 2030 | 1,565.37 | 1,204.13 |
| November 2030 | 1,604.50 | 1,234.23 |
| December 2030 | 1,644.62 | 1,265.09 |
Financial Condition of Hindware Home Innovation Ltd: Last 5 years
| Hindware Home Financials |
Mar
2019 |
Mar
2020 |
Mar
2021 |
Mar
2022 |
Mar
2023 |
TTM |
|---|---|---|---|---|---|---|
| Sales (Crore Rs) |
1,671 | 1,613 | 1,775 | 2,294 | 2,873 | 2,829 |
| Expenses (Crore Rs) |
1,546 | 1,525 | 1,632 | 2,118 | 2,627 | 2,581 |
| Operating Profit (Crore Rs) |
124 | 88 | 143 | 176 | 246 | 248 |
| OPM % | 7% | 5% | 8% | 8% | 9% | 9% |
| Other Income (Crore Rs) |
9 | 24 | 18 | 129 | 35 | 35 |
| Interest (Crore Rs) |
29 | 33 | 29 | 20 | 77 | 86 |
| Depreciation (Crore Rs) |
20 | 46 | 39 | 39 | 101 | 108 |
| Profit before tax (Crore Rs) |
85 | 33 | 92 | 245 | 103 | 89 |
| Tax % | 36% | 30% | 41% | 17% | 35% | |
| Net Profit (Crore Rs) |
55 | 23 | 55 | 202 | 58 | 47 |
| EPS in Rs | 3.20 | 7.59 | 27.90 | 7.96 | 6.57 | |
| Dividend Payout % | 0% | 5% | 4% | 2% | 6% |
Hindware Home Innovation Ltd has been experiencing steady growth in its profits and revenue over the last five years. The company’s sales revenue has witnessed a compound annual growth rate of 10.2%, increasing from Rs. 1,670.87 crore in Mar-19 to Rs. 2,873 crore in Mar-23.
The operating profit of the company has also been on the rise, with a maximum of Rs. 248 crore on March 23.
Moreover, Hindware Home Innovation Ltd’s net profit has seen substantial growth, reaching a maximum of Rs. 201.68 crore on March 22, which is almost four times higher than the net profit on March 19. However, last 2 years, net profit has declined.
The company’s earnings per share (EPS) has also been showing positive growth trends, rising from Rs. 3.2 in Mar-20 to Rs. 27.89 in Mar-22 and then a decline to Rs. 7.96 in March 2023.
Though the recent few quarters in net profit have been declining, the sales and operating profit are rising.
Hindware Home Innovation Ltd is expected to continue its growth trajectory and become a good investment option for shareholders.
FAQS
For the year 2024, the share price target for Hindware Home Innovation varies by year, with a maximum target of ₹496.03 and a minimum target of ₹381.29.
As per our analysis, Hindware Home Innovation Ltd’s share price has the potential to reach 1000 INR by December 2026 based on past performance and growth projections.
Factors that may impact Hindware Home Innovation Ltd’s share price include changes in consumer behavior, real estate expansion, unique and latest designs, and company-specific developments such as new product launches.
What is the company’s overall growth outlook?
Hindware Home Innovation Ltd’s growth outlook is positive, with the company expected to expand its market presence and product portfolio in the coming years.
Hindware Home Innovation Ltd’s shares have gone up by 86% in the last 3 years.
The analyst recommendation for investing in Hindware Home Innovation Ltd’s shares varies, with some analysts recommending a buy and others suggesting a hold or sell strategy.
Potential risks associated with investing in Hindware Home Innovation Ltd’s shares include market volatility, economic downturns, and company-specific risks such as product recalls or management changes.
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Conclusion
Hindware Home Innovations is a small-cap company and a leading brand name in sanitary ware products. The company has been growing at a good pace and has also recently been added to MSCIthe India Domestic Small Cap Index.
Though the price-to-book value ratio and the PE are on the higher side, the recent 20% drop in the share price has created a good opportunity for new investors to put their money in this small cap.
With the signing up of more dealers, the business is expected to grow. The company is currently seeing a compounded annual sales growth of 21% for the last 3 years and a compounded profit growth of 35% for the same period.
The operating profit margin has been growing and currently stands at 9%.
I am expecting the company to grow at 15% yearly. While at the time of updating this article, I am not invested in Hindware Home Innovation and if its share price by another 10-20%, I might jump in.
For the time being, I am keeping Hindware Home Innovation Ltd on my radar.
Please do not take any advice mentioned in ‘Hindware Home Innovation Ltd Price Prediction 2024 to 2030‘ as any financial advice. Please DYOR and refer a financial consultant before investing in Hindware Home Innovation or any other securities.
What did we learn?
- 1 About Hindware Home Innovations
- 2 What kind of business is Hindware Home Innovation in?
- 3 How to Purchase Hindware Home Innovation Shares?
- 4 Hindware Home Innovation Share Price Prediction: 2024 to 2030
- 4.1 Hindware Home Innovation Share Price Target 2024
- 4.2 Hindware Home Innovation Share Price Target 2025
- 4.3 Hindware Home Innovation Share Price Target 2026
- 4.4 Hindware Home Innovation Share Price Target 2027
- 4.5 Hindware Home Innovation Share Price Target 2028
- 4.6 Hindware Home Innovation Share Price Target 2029
- 4.7 Hindware Home Innovation Share Price Target 2030
- 5 Financial Condition of Hindware Home Innovation Ltd: Last 5 years
- 6 FAQS
- 6.1 What is the share price target for Hindware Home Innovation in 2024?
- 6.2 Can Hindware Home Innovation’s share price reach 1000 INR by 2026?
- 6.3 What factors may impact Hindware Home Innovation Ltd’s share price in the coming years?
- 6.4 What is the company’s overall growth outlook?
- 6.5 What is the average return on investment for Hindware Home Innovation Ltd’s shares?
- 6.6 What is the analyst recommendation for investing in Hindware Home Innovation Ltd’s shares?
- 6.7 What are some potential risks associated with investing in Hindware Home Innovation Ltd’s shares?
- 7 Conclusion
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