Hardwyn India Limited (HARDWYN) - Net Assets
Based on the latest financial reports, Hardwyn India Limited (HARDWYN) has net assets worth Rs4.12 Billion INR (≈ $44.55 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs4.66 Billion ≈ $50.40 Million USD) and total liabilities (Rs541.42 Million ≈ $5.86 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check HARDWYN PP&E to net assets ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs4.12 Billion |
| % of Total Assets | 88.38% |
| Annual Growth Rate | 66.21% |
| 5-Year Change | 2584.0% |
| 10-Year Change | N/A |
| Growth Volatility | 775.17 |
Hardwyn India Limited - Net Assets Trend (2018–2026)
This chart illustrates how Hardwyn India Limited's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Hardwyn India Limited market cap and net worth.
Annual Net Assets for Hardwyn India Limited (2018–2026)
The table below shows the annual net assets of Hardwyn India Limited from 2018 to 2026. Also explore HARDWYN net assets growth trend to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | Rs4.12 Billion ≈ $44.55 Million |
+3.32% |
| 2025-03-31 | Rs3.99 Billion ≈ $43.12 Million |
+2.91% |
| 2024-03-31 | Rs3.87 Billion ≈ $41.90 Million |
+2.72% |
| 2023-03-31 | Rs3.77 Billion ≈ $40.79 Million |
+2357.60% |
| 2022-03-31 | Rs153.47 Million ≈ $1.66 Million |
+28.54% |
| 2021-03-31 | Rs119.40 Million ≈ $1.29 Million |
+14.77% |
| 2020-03-31 | Rs104.03 Million ≈ $1.13 Million |
+0.97% |
| 2019-03-31 | Rs103.03 Million ≈ $1.11 Million |
+45.68% |
| 2018-03-31 | Rs70.73 Million ≈ $764.89K |
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Equity Component Analysis
This analysis shows how different components contribute to Hardwyn India Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2026)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Rs488.43 Million | 12.02% |
| Other Components | Rs3.57 Billion | 87.98% |
| Total Equity | Rs4.06 Billion | 100.00% |
Hardwyn India Limited Competitors by Market Cap
The table below lists competitors of Hardwyn India Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Orexo AB
ST:ORX
|
$48.39 Million |
|
TagMaster AB Series B
ST:TAGM-B
|
$48.39 Million |
|
British Land Company PLC
LSE:BLND
|
$48.40 Million |
|
Anson Resources Limited
F:9MY
|
$48.42 Million |
|
OFS Capital Corp
NASDAQ:OFS
|
$48.37 Million |
|
EQ Inc.
V:EQ
|
$48.33 Million |
|
PJ Metal Co. Ltd
KQ:128660
|
$48.33 Million |
|
AWC Berhad
KLSE:7579
|
$48.32 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hardwyn India Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from 3,934,142,000 to 4,063,007,000, a change of 128,865,000 (3.3%).
- Net income of 132,058,000 contributed positively to equity growth.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs132.06 Million | +3.25% |
| Other Changes | Rs-3.19 Million | -0.08% |
| Total Change | Rs- | 3.28% |
Book Value vs Market Value Analysis
This analysis compares Hardwyn India Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.10x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 26.42x to 1.10x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-03-31 | Rs0.35 | Rs9.16 | x |
| 2019-03-31 | Rs0.51 | Rs9.16 | x |
| 2020-03-31 | Rs0.51 | Rs9.16 | x |
| 2021-03-31 | Rs0.59 | Rs9.16 | x |
| 2022-03-31 | Rs0.75 | Rs9.16 | x |
| 2023-03-31 | Rs17.65 | Rs9.16 | x |
| 2024-03-31 | Rs10.84 | Rs9.16 | x |
| 2025-03-31 | Rs7.89 | Rs9.16 | x |
| 2026-03-31 | Rs8.31 | Rs9.16 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hardwyn India Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 3.25%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.61%
- • Asset Turnover: 0.43x
- • Equity Multiplier: 1.15x
- Recent ROE (3.25%) is below the historical average (5.40%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 1.03% | 0.40% | 1.95x | 1.32x | Rs-6.35 Million |
| 2019 | 0.30% | 0.07% | 2.45x | 1.67x | Rs-10.00 Million |
| 2020 | 0.96% | 0.87% | 0.89x | 1.25x | Rs-9.40 Million |
| 2021 | 12.87% | 2.66% | 1.48x | 3.26x | Rs3.42 Million |
| 2022 | 22.20% | 4.03% | 1.48x | 3.72x | Rs18.73 Million |
| 2023 | 2.49% | 5.64% | 0.39x | 1.12x | Rs-279.76 Million |
| 2024 | 2.68% | 6.70% | 0.34x | 1.16x | Rs-280.12 Million |
| 2025 | 2.85% | 6.08% | 0.40x | 1.18x | Rs-281.10 Million |
| 2026 | 3.25% | 6.61% | 0.43x | 1.15x | Rs-274.24 Million |
Industry Comparison
This section compares Hardwyn India Limited's net assets metrics with peer companies in the Building Products & Equipment industry.
Industry Context
- Industry: Building Products & Equipment
- Average net assets among peers: $4,121,211,856
- Average return on equity (ROE) among peers: 12.23%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hardwyn India Limited (HARDWYN) | Rs4.12 Billion | 1.03% | 0.13x | $48.39 Million |
| Ahlada Engineers Limited (AHLADA) | $364.77 Million | 22.18% | 2.99x | $5.22 Million |
| Apollo Pipes Limited (APOLLOPIPE) | $2.30 Billion | 10.41% | 0.70x | $258.16 Million |
| Aro Granite Industries Limited (AROGRANITE) | $691.66 Million | 21.99% | 1.08x | $3.83 Million |
| Beardsell Limited (BEARDSELL) | $394.84 Million | -1.02% | 2.13x | $10.18 Million |
| Bigbloc Construction Limited (BIGBLOC) | $470.25 Million | 34.20% | 1.42x | $61.86 Million |
| Blue Star Limited (BLUESTARCO) | $7.58 Billion | 16.23% | 2.49x | $3.41 Billion |
| Cera Sanitaryware Limited (CERA) | $6.12 Billion | 16.85% | 0.71x | $787.10 Million |
| Electrosteel Castings Limited (ELECTCAST) | $17.06 Billion | -1.58% | 1.54x | $490.58 Million |
| Everest Industries Limited (EVERESTIND) | $3.48 Billion | 0.36% | 1.46x | $70.73 Million |
| Exxaro Tiles Limited (EXXARO) | $2.74 Billion | 2.65% | 0.71x | $30.24 Million |
About Hardwyn India Limited
Hardwyn India Limited engages in wholesale and retail trade of architectural hardware and glass fittings, kitchen hardware, accessories, and appliances in India. The company was formerly known as Garv Industries Limited and changed its name to Hardwyn India Limited in January 2020. Hardwyn India Limited was founded in 1965 and is based in New Delhi, India.