Bonus Issue Buzz: Hardware Company Reports FY26 Results; Targets Rs 1,000 Crore Revenue By FY32

On Tuesday, Indian equity benchmarks traded lower, with the benchmark Nifty 50 index declining 0.35 per cent to 23,300.65. Building materials and hardware stocks remained in focus following annual earnings announcements. In this segment, Hardwyn India share price traded at Rs 26.11 on June 2, 2026, up 4.15 per cent from the previous close, after the company reported its FY26 financial results and outlined long-term growth plans.

Hardwyn India FY26 Results

Hardwyn India reported total income of Rs 200.41 crore for FY26, compared with Rs 185.37 crore in FY25, registering a growth of 8.11 per cent year-on-year.

Net profit for FY26 stood at Rs 13.21 crore, compared with Rs 11.23 crore in the previous financial year, reflecting a growth of 17.58 per cent.

Basic earnings per share (EPS) increased to Rs 0.27 per share from Rs 0.23 per share in FY25.

Hardwyn India Q4 FY26 Performance

For the quarter ended March 31, 2026, the company reported revenue of Rs 57.47 crore and net profit of Rs 3.43 crore. The company stated that its performance was supported by growth across retail, institutional and distribution channels, along with continued expansion of its product portfolio.

Bonus Share Proposal Under Consideration

Hardwyn India also informed investors that the company has considered the issuance of bonus shares, although further details regarding the ratio and record date are yet to be announced.

Targets Rs 1,000 Crore Revenue By FY32

The management outlined a long-term growth roadmap targeting Rs 1,000 crore-plus revenue by FY32, implying a CAGR of approximately 30–35 per cent over the coming years.

The strategy is built around seven key pillars, including market expansion, product diversification, operational efficiency, customer acquisition, sustainability initiatives, margin enhancement and digital transformation.

Product Expansion And Distribution Growth

During FY26, the company introduced five new products in the mortise handle segment, strengthening its architectural hardware portfolio.

Hardwyn also reported strong traction in its Kitchen Basket Wire Series, driven by higher dealer penetration and cross-selling initiatives. To strengthen its distribution network, the company hosted a dealers' meet in Kerala attended by more than 500 dealers.

The company further expanded its market presence by launching new hardware products and securing orders from institutional and government-backed infrastructure projects.

Focus On Domestic And Export Markets

Hardwyn sees growth opportunities in Tier-II and Tier-III cities, where penetration of organised hardware products remains relatively low. The company is also expanding its export presence across South Asia, the Middle East and Africa.

Management indicated that premium hardware, smart access solutions, bundled offerings and digital sales channels will remain important growth drivers over the coming years.

About Hardwyn India

Hardwyn India Ltd is engaged in the manufacturing and distribution of architectural hardware and access solutions. The company serves residential, commercial and institutional customers through a wide distribution network across India and offers products including door hardware, kitchen fittings, wardrobe accessories and access control solutions.

What are your thoughts on Hardwyn India's FY32 revenue target of Rs 1,000 crore and its expansion plans? Share your views in the comments below.
Disclaimer: The article is for informational purposes only and not investment advice.