President of India Buys Stake In This Penny Stock; Do You Own?

On Tuesday, shares of hardware company Hardwyn India Ltd surged around 4.5 per cent to an intraday high of Rs 11.77 per share from its previous closing of Rs 11.26 per share. The stock's 52-week high is Rs 33.92 and its 52-week low is Rs 10.75. The company has a market cap of over Rs 575 crore.

In the latest announcement by Hardwyn India Ltd, the company's results for its Q3FY25 showed a net sales growth of 16.3%, accounting for Rs 49.39 crores as compared to Q3FY24. Meanwhile, net profit deflated by 7.2% to rest at ₹4 crores. However, the nine months results (9MFY25) were strong: net sales grew by 29% to ₹138.97 crores while net profit increased by 36% to reach ₹9.38 crores vis-a-vis 9MFY24 net profit.

In a landmark achievement, "Hardwyn India Ltd was ISO 6315:1992 certified by the Bureau of Indian Standards (BIS)" which is India's highest standard for quality floor springs. Apart from flooring, this achievement establishes the undying goal of the Company to diversify and attain excellence in multiple verticals of construction. Therefore, among other factors, in India's newly developing market, this certification helps further scale up their business. With this, Indian markets can now rely on a new multi-dimensional enterprise. This achievement elevates the pedestal on which the company sits. The epitome of this recognition highlights along with the plethora of intelligent advancement every single effort that Hardwyn does step up the quality ladder to enable the company to stand in the global market.

In a stride towards global recognition, Hardwyn India Ltd has made new strides by establishing a memorandum of understanding (MOU) with Gyalsung Infra, a leading construction firm out of Bhutan. Through this multi-crore partnership, Rs 5 crores if we want to specify, Hardwyn is looking to supply an array of goods for construction and renovation jobs being undertaken in Bhutan for the next two years. This progression allows them to further expand into that side of the world whilst simultaneously working towards and striding development for the area.

A fresh addition to the investment portfolio of the President of India can be seen seeing around the 0.46% stake that was bought back in 2024 known as the current shareholding structure which incorporates 43.77% of promoters, 0.07% of Foreign Institutional Investors (FIIs), 0.46% from the Government and 55.70% that is owned by the general public. The stake is said to comprise 2268924 shares which somehow exceeded the percentage stake but lies under the general portfolio domain.

As per the shareholding pattern of the company released on BSE, one of the shareholders belonging to the Investment portfolio of the President of India recently bought a 0.46 per cent stake in the company via the purchase of 22,68,924 shares in December 2021. The current shareholding structure consists of 43.77 per cent owned by the promoters, 0.07 percent by FIIs, 0.46 percent by the Government and 55.70 percent by the rest of the public.

For now, Hardwyn India decided on its bonus issue of 139552587 equity shares on 30th December 2024. For every five that an existing shareholder holds as of the ex-date which was 27th December 2024, the investor gets 2 bonus shares, what this does is increase Hardwyn paid up equity share capital to 488434054 rupees worth 488434054 equity shares worth face value of Re 1 for each.

The company's financial performance is on the up and up as evidenced by its growth.
The net sales for Quarter Results went up by fifty-six percent reaching 51 points 65 crore rupee, and the net profit is said to have probably reached approximately four point four crore rupees as compared to the previous figures that were for Q2FY24. For the H1FY24 as well, the figures are quite similar as the sales popped up by thirty-five percent as compared to the sales recorded in the previous fiscal year of 81.5 crores and the net profit spiked to six point five rupees, resulting in a total growth of 35 percent in the net profit over the last fiscal year.

Hardwyn India's stock has proven to be truly astounding, yielding exceptional gains of 485 percent over a period of three years and since the company listed back in the year 2018 on the Indian stock exchange, the stock price has gone up by 416 percent.

In a clear onward investment strategy to establish solid long lasting partnered relationships with other companies, Hardwyn India Ltd partnered with The Gyalsung Infra. They signed an MOU spending 5 crores with the firm for blind windows, RDS panels and stair rails to build and renovate infrastructure for wider developmental purposes within Bhutan enabling them to enter into that market much faster and with greater ease at a smaller investment.

As a result of its outstanding financial performance and innovative marketing strategies, alongside the potential to broaden its presence in new markets, Hardwyn India Ltd is likely to seize the prospects arising in the hardware and infrastructure fields.