hindware HME innovation ltd neutral view buy hindware above 500
sell below 450
its a neutral view about hindware
HINDWAREAP trade ideas
A massive wave may be coming in HINDWARE in coming monthsThe stock was seen rising in an impulsive 'wave I' structure between March-Aug 2023.
Wave II happened between Aug-Nov and wave II managed to retrace 50% of wave I.
In the past 2.5 months, the stock displayed a minor wave i of wave III and a retracement of the same in the form of minor wave ii.
The stock now looks all geared up to move up and cover the remaining legs of Wave III.
Wave III projected target is around INR 900-920, which means a good 80% upside from CMP.
On the downside INR 479 can be used as a "SL".
⭐️#HINDWAREAP Ready for a potential breakout !⚡️Price: ₹ 574
💡Fair amount of contraction seen on daily chart.
💡60% upthrust seen in stock recently.
💡Stock Trading above 20 & 50 EMA
💡Breakout above 578 Support 545
💡RR Favorable for going long.
Don't forget to hit that❤️for a like🔁for a share,and🔖for a bookmark!
Hindware Home Innovation-Nice BreakoutHindware Home Innovation-Nice breakout.
Capital to be deployed- 20k
Investing Price -555-561
Breakout Price -549
Stoploss-496
Targets-766/1313
#hindware #nifty50 #NiftyBank #investment #StockMarket #StocksToBuy
Hindware
Enter above 465 - with SL mentioned
Building Products Business:
The Co. is the leading player in the building products segment in India. This segment includes flagship businesses — sanitaryware, faucets, plastic pipes and fittings, overhead water storage tanks and super premium and premium tiles. ‘TRUFLO by Hindware™, the Co.’s plastic pipes and fittings business, is one of the fastest growing brands in the segment.
Consumer Appliances Business:
Under this segment, the Co. has a forward looking portfolio spanning several categories — kitchen appliances, water purifiers, air coolers, ceiling and pedestal fans, and kitchen and furniture fittings.
Retail:
Under this segment, the Company offers specialty home interior products through 2 Company-owned display and sales stores in Delhi and Faridabad, and a strong and dedicated network of 30+ franchise stores across the country, under the brand ‘EVOK’. It is also present on prominent multi brand furniture marketplaces such as Pepperfry, Urban Ladder, Flipkart, and Amazon.
Revenue Mix -
Building Products Business - 78%
Consumer Appliances Business - 19%
Retail - 3%
Market Cap
₹ 2,974 Cr.
Current Price
₹ 412
High / Low
₹ 482 / 259
Stock P/E
41.2
Book Value
₹ 76.6
Dividend Yield
0.12 %
ROCE
22.3 %
ROE
27.8 %
Face Value
₹ 2.00
Promoter holding
51.3 %
EPS last year
₹ 27.9
EPS latest quarter
₹ 1.08
Debt
₹ 996 Cr.
Pledged percentage
0.00 %
Net CF
₹ 18.9 Cr.
Price to Cash Flow
13.2
Free Cash Flow
₹ 187 Cr.
Debt to equity
1.80
OPM last year
7.67 %
OPM 5Year
%
Reserves
₹ 539 Cr.
Price to book value
5.37
Int Coverage
2.95
BREAKOUT STOCK #HindwareBREAKOUT STOCK #Hindware
Daily ADX = 59.90
OBV Breakout
CMO 74.64
Volume spike extra ordinary
price broken out resistance of 485, now this level will act as support.
(This thread is not a buy recommendation it is just an educational analysis)
Hindware Home Innovation Ltd.P&F Formation: Yearly Basis
Rounding Bottom: Monthly Basis
Vol. Consolidation/BreakOut. Price BreakOut
*With Upside, Trail SL*
*Book Profit as per Risk Appetite*
*Snapshot*
Demerged from HSIL in 2019. “Hindware” Brand.
Now operates under: Consumer Appliances / Building Products / Retails Business.
Network of 3100+ distribution partners / 35,000+ retail outlets for plastic pipes and fitting business.
Network of 750+ distributors / 9,650+ retail outlets across India in CA segment.
Products are also sold through ecommerce platforms / Presence across modern retail format stores
39 franchise large format retails stores under EVOK brand
Revenue stable on Qtrly/Yrly Basis. Gaining Traction.
Growing TNW. CF for Ops. Increasingly +ve
Volatile yet Profitable Ops. Volatile RoA/RoE/RoCE.
FII stake >3% / DIIs stake up since Jun’22
*Concern:*
Increased leveraged. RM inflation & Stretched WC Cycle.
*Do Your Own Research as Well. This is Just an Opinion.*
Happy Investing :)
HINDWARE Somany Home Innovations Ltd. (SHIL) is a newly created Corporate Entity which was demerged from HSIL Limited, vastly recognised by its Brand Hindware, a leading name in the Indian market
It derives most of its revenues from the sale of Building products (72%) followed by Consumer products (22%) and retail business (6%)
Wide product range covers areas like Kitchen appliances, Water heaters, Air Coolers, Water Purifiers, Ceiling Fans to Home furnishing etc
Closer above the resistance ( 462 as entry point ) on DCB , will give target mentioned in chart with SL 413
Market Cap
₹ 3,311 Cr.
Stock P/E
33.1
Book Value
₹ 76.6
Dividend Yield
0.11 %
ROCE
22.3 %
ROE
27.8 %
Promoter holding
51.3 %
EPS last year
₹ 27.9
EPS latest quarter
₹ 2.25
Debt
₹ 996 Cr.
Pledged percentage
0.00 %
Net CF
₹ 18.9 Cr.
Price to Cash Flow
14.6
Free Cash Flow
₹ 187 Cr.
Debt to equity
1.80
Volume
760,189
OPM last year
7.67 %
OPM 5Year
%
Reserves
₹ 539 Cr.
Price to book value
6.01
Int Coverage
4.59
HINDWAREAP: Long momentum in positional tradeGiven a good breakout with volume after accumulation, the probability is high to momentum will continue based on positional trade.
Entry level:- Abobe @455
Stoploss:- Blow @395
Target 1:1 or 1:2
Hindware looking hold and move upwardsHindware Home Innovation Ltd. is a company which offers products in the sector of domestic appliances like air purifier and coolers, water purifier, water heaters, kitchen appliances and furniture, and many more. Its CMP is 377.95. Negatives are such that they have declining quarterly net profits and decline in net cash flow. Positives are followed by FII’s increasing stake, Zero promoter pledge and their book value per share have been improving. Take 3 entries X/3 each at three different levels 389, 399 and 411. Targets 447 and 458. Long Term Target 485. Maintain a stop loss at closing below 340.
