5

Hardcastle & Waud Mfg Co Ltd

HARDCASTLEWAUDMFGLTD NSE

Key Fundamentals

MicrocapSpecialty ChemicalsChemicals
Market Cap
₹58.50 Cr
Volatility
Moderate
P/E Ratio
11.9
EBITDA
₹5.69 Cr
Return on Equity
2.83%
Debt to Equity
0
Book Value
₹745.74
EPS
₹46.24
52W High
₹1,048
52W Low
₹602.25

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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29 extracted metrics + investor summaries across FY15–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Strengths

2
  • Company is almost debt free.
  • Stock is trading at 1.11 times its book value

Weaknesses

5
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Tax rate seems low
  • Company has a low return on equity of 6.47% over last 3 years.
  • Contingent liabilities of Rs.25.4 Cr.
  • Working capital days have increased from 32.9 days to 137 days

Growth Rate

Revenue Growth
68.41% ↗
Net Income Growth
277.69% ↗
Cash Flow Change
-77.60% ↘
ROE
-51.21% ↘
ROCE
-11.83% ↘
EBITDA Margin (Avg.)
-7.41% ↗

Quarterly Results

  Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales
1.11
1.15
1.36
1.61
1.29
1.59
1.13
1.39
1.77
1.94
2.38
2.93
3.36
Expenses
0.87
0.54
0.68
0.52
0.42
0.47
0.58
0.44
1.32
0.83
1.57
0.98
1.55
Operating Profit
0.24
0.61
0.68
1.09
0.87
1.12
0.55
0.95
0.45
1.11
0.81
1.95
1.81
OPM %
21.62%
53.04%
50%
67.7%
67.44%
70.44%
48.67%
68.35%
25.42%
57.22%
34.03%
66.55%
53.87%
Other Income
0.05
0.11
0.11
0.11
0.11
0.11
0.11
0.11
0.11
0.12
0.12
0.13
0.13
Interest
0
0
0
0
0
0
0
0
0
0
0
0
0
Depreciation
0.17
0.17
0.17
0.16
0.16
0.17
0.18
0.19
0.19
0.19
0.2
0.2
0.2
PBT
0.12
0.55
0.62
1.04
0.82
1.06
0.48
0.87
0.37
1.04
0.73
1.88
1.74
Tax %
25%
-5.45%
-11.29%
25.96%
32.93%
-6.6%
214.58%
29.89%
75.68%
25.96%
2.74%
25%
-17.24%
Net Profit
0.09
0.58
0.69
0.77
0.55
1.14
-0.55
0.61
0.09
0.77
0.7
1.41
2.05
EPS in Rs
1.32
8.54
10.15
11.33
8.09
16.78
-8.09
8.98
1.32
11.33
10.3
20.75
30.17
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales
3.14
5.47
8.19
4.21
2.89
3.52
3.19
4.16
3.91
5.43
5.91
10.61
Expenses
3.62
3.48
2.95
2.64
2.53
2.05
2.29
1.92
2.15
2.16
2.77
4.91
Operating Profit
-0.48
1.99
5.24
1.57
0.36
1.47
0.9
2.24
1.76
3.27
3.14
5.7
OPM %
-15.29%
36.38%
63.98%
37.29%
12.46%
41.76%
28.21%
53.85%
45.01%
60.22%
53.13%
53.72%
Other Income
1.93
0
0.16
0.13
0.2
0.17
0.14
0.2
0.19
0.42
0.37
0.49
Interest
0
0
0
0
0
0
0
0
0
0
0
0
Depreciation
0.32
0.33
0.36
0.39
0.38
0.4
0.47
0.59
0.65
0.67
0.72
0.78
PBT
1.13
1.66
5.04
1.31
0.18
1.24
0.57
1.85
1.3
3.02
2.79
5.41
Tax %
-15.93%
689.76%
19.84%
16.03%
38.89%
26.61%
98.25%
31.35%
16.15%
14.57%
53.41%
8.69%
Net Profit
1.3
-9.79
4.04
1.09
0.12
0.9
0.01
1.27
1.1
2.58
1.29
4.93
EPS in Rs
19.13
-144
59.46
16.04
1.77
13.25
0.15
18.69
16.19
37.97
18.98
72.55
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
0.68
0.68
0.68
0.68
0.68
0.68
0.68
0.68
0.68
0.68
0.68
0.68
Reserves
44.88
35.07
34.95
36.09
36.13
34.42
34.23
39.54
41.08
43.8
44.84
50.03
Borrowings
0
0
0
0
0.25
0.05
0
0
0
0
0
0
Other Liabilities
2.39
3.65
2.48
2.42
2.48
2.5
2.55
3.31
1.55
1.44
3.15
3.24
Total Liabilities
47.95
39.4
38.11
39.19
39.54
37.65
37.46
43.53
43.31
45.92
48.67
53.95
Fixed Assets
7.44
7.14
9.53
9.41
10.38
11.12
19.31
19.71
20.22
19.65
20.52
20.24
CWIP
0
0
0.19
0.02
0
0.27
0.24
0.1
0.03
0.47
0.22
0.26
Investments
24.55
25.31
19.71
20.41
19.91
16.05
13.04
13.68
19.59
23.06
26.45
27.22
Other Assets
15.96
6.95
8.68
9.35
9.25
10.21
4.87
10.04
3.47
2.74
1.48
6.23
Total Assets
47.95
39.4
38.11
39.19
39.54
37.65
37.46
43.53
43.31
45.92
48.67
53.95
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
17.25
0.58
-1.65
-0.6
0.65
0.16
1.35
3.21
-2.96
3.08
0.69
-3.86
Investing
-17.1
-0.75
1.55
0.53
-0.89
-0.25
-1.25
-3.11
3.07
-1.55
-2.4
4.54
Financing
0
0
0
0
0.25
-0.2
-0.05
0
0
0
0
0
Net Cash Flow
0.15
-0.18
-0.1
-0.07
0.01
-0.29
0.05
0.1
0.11
1.54
-1.71
0.68
Free Cash Flow
16.95
0.54
-2.55
-0.71
-0.66
-0.44
0.5
2.38
-4.03
2.53
-0.7
-3.34
CFO/OP
-3,617
40
-31
-20
139
10
152
164
-147
107
45
-63
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
49.98
28.03
15.6
29.48
45.47
26.96
73.23
21.94
10.27
0
37.67
9.98
Inventory Days
1.88
0
0
2.64
9.86
132
0
0
0
0
0
0
Days Payable
20.7
—
—
0
9.86
40.56
—
—
—
—
—
—
Cash Conversion Cycle
31.17
28.03
15.6
32.12
45.47
118
73.23
21.94
10.27
0
37.67
9.98
Working Capital Days
-212
-123
-82.45
-156
-292
-163
136
618
205
-8.07
-30.26
137
ROCE %
3.09%
4.08%
14.12%
3.62%
0.49%
3.43%
1.63%
4.87%
3.15%
7%
6.31%
11.24%

Shareholding Pattern

As of Jun 2026
Promoters 73.61%
Public 14.89%
Others 11.42%
DIIs 0.08%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
73.47%
73.47%
73.47%
73.47%
73.47%
73.61%
73.61%
73.61%
73.61%
73.61%
73.61%
73.61%
73.61%
73.61%
73.61%
73.61%
73.61%
73.61%
73.61%
73.61%
73.61%
73.61%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
DIIs
0.08%
0.08%
0.08%
0.08%
0.08%
0.08%
0.08%
0.08%
0.08%
0.08%
0.08%
0.08%
0.08%
0.08%
0.08%
0.08%
0.08%
0.08%
0.08%
0.08%
0.08%
0.08%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
14.20%
14.29%
13.74%
13.69%
14.59%
14.59%
14.72%
15.01%
15.05%
15.00%
15.15%
15.19%
15.05%
14.55%
14.86%
14.84%
14.86%
14.87%
14.74%
14.74%
14.83%
14.89%
Others
12.25%
12.16%
12.71%
12.76%
11.87%
11.72%
11.59%
11.29%
11.25%
11.30%
11.15%
11.12%
11.26%
11.75%
11.44%
11.46%
11.44%
11.44%
11.56%
11.57%
11.47%
11.42%
No. of Shareholders
1,239
1,249
1,230
1,254
1,288
1,303
1,324
1,264
1,271
1,294
1,323
1,374
1,430
1,420
1,523
1,534
1,527
1,517
1,492
1,487
1,494
1,518

Documents

Frequently Asked Questions about Hardcastle & Waud Mfg Co Ltd

What does Hardcastle & Waud Mfg Co Ltd do?
Incorporated in 1945, Hardcastle & Waud's business activity currently consists of Industrial Chemicals, Investments and Leasing.[1]
Where is Hardcastle & Waud Mfg Co Ltd (509597) listed?
Hardcastle & Waud Mfg Co Ltd is listed on the Indian stock exchanges. It is listed on NSE: HARDCASTLEWAUDMFGLTD and BSE: HARDCAS. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Hardcastle & Waud Mfg Co Ltd belong to?
Hardcastle & Waud Mfg Co Ltd operates in the Chemicals sector within the Specialty Chemicals industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Hardcastle & Waud Mfg Co Ltd?
Hardcastle & Waud Mfg Co Ltd has a market capitalisation of approximately ₹58.50 Cr. Based on this, it is classified as a Small Cap stock.
What is the PE ratio of Hardcastle & Waud Mfg Co Ltd?
The Price-to-Earnings (PE) ratio of Hardcastle & Waud Mfg Co Ltd is 11.90. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Hardcastle & Waud Mfg Co Ltd?
Over the past 52 weeks, Hardcastle & Waud Mfg Co Ltd has traded between a low of ₹602.25 and a high of ₹1,048. This range helps investors understand the stock's price volatility and recent trading levels.
What is the Return on Equity (ROE) of Hardcastle & Waud Mfg Co Ltd?
Hardcastle & Waud Mfg Co Ltd has a Return on Equity (ROE) of 2.83%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Hardcastle & Waud Mfg Co Ltd on Tapetide?
On Tapetide, you can view Hardcastle & Waud Mfg Co Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Incorporated in 1945, Hardcastle & Waud's business activity currently consists of Industrial Chemicals, Investments and Leasing.[1]

Website hawcoindia.in
Face Value ₹ 10

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