In Thursday’s trading session, the shares of one of the leading furniture and architectural works provider specialised in manufacturing and supplying of high-quality architectural hardware, building materials, and home improvement products jumps upto 3 percent following the announcement of record date for Bonus issue of 2:5.
Price action
With a market capitalization of 1,016.64 Crores on Thursday, the shares of Hardwyn India limited rose by 3 percent making a high of Rs 29.90 compared to its previous closing price of Rs 29.10.
What happened
Hardwyn India limited specialised in the manufacture and supply of high-quality architectural hardware, building materials and home improvement products has announced record date which has been fixed on Friday, 27th December, 2024 for determining the eligible members for the issue of bonus equity shares.
The company board meeting held on 14th November 2024, has approved to issue 13.96 crore bonus equity shares in a 2:5 ratio which is Two fully paid-up equity shares for every Five existing equity shares held having face value of Rs. 1 each.
About the company
Hardwyn India limited one of the leading Trading stocks specialising in the production of high-quality architectural hardware and known for its high-quality standards and customer-centric approach.
The company offers a wide range of products, including locks, door handles, cabinet hardware, and other essential fittings for both residential and commercial properties. Their products are designed to provide functionality, security, and aesthetic value to various building structures.
The company operates with a global outlook, exporting its products to various countries, and has established a strong presence across different markets.
Key insights of the company
The company’s PEG ratio of 0.20 suggests that the stock might be undervalued and the company has achieved an Average 3 Year Revenue growth of 17.02 percent, along with it the company has achieved an Average 3 Year Net Profit growth of 41.98 percent.
Financials
The company’s revenue rose by 61.5 percent from Rs 32.02 crore to Rs 51.74 crore in Q2FY24-25. Meanwhile, Net profit rose from Rs 1.48 crores to Rs 4.04 crore during the same period.
Key Financial ratios
Hardwyn India Limited has an Return on Equity (RoE) of 3.36 percent and a Return on Capital Employed (RoCE) of 4.99 percent. Furthermore, the company’s debt-to-equity ratio is 0.02.
Written by Sridhar J
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