Skip to content
Hardcastle & Waud Mfg Co logo

Hardcastle & Waud Mfg Co

509597 BSE
Price unavailable

Hardcastle & Waud Mfg Co (HARDCAS) share price was ₹781.05 at the 28 Oct 2026 close; market capitalisation ₹53.08 Cr; P/E (TTM) 10.15; sector Chemicals. The share price rose 7.9% over the year to 28 Oct 2026 (adjusted for splits and bonuses). In the Jun 2026 quarter, revenue rose 24.2% year on year to ₹2.41 Cr and net profit was ₹1.07 Cr, against ₹0.77 Cr a year earlier (compared with Jun 2025). Promoters held 73.61% of Hardcastle & Waud Mfg Co in Sep 2026, unchanged from Jun 2026. Its Tapetide Score is 63/100 (Good) as of 28 Oct 2026.

Close 28 Oct 2026 ₹781.05 +69.40 +9.75% 1Y

Key Fundamentals

MicrocapChemicals & PetrochemicalsChemicals
Market Cap
₹53.08 Cr
P/E (TTM)
10.15
EBITDA
₹6.20 Cr
Return on Equity
9.73%
Debt to Equity
0
Book Value
₹745.75
EPS (TTM)
₹76.97
52W High
₹1,048.00
52W Low
₹602.25

Price-based figures as of 28 Oct 2026, 15:30 IST · EPS basis: Standalone · TTM

Peer Comparison

Commodities › Chemicals › Specialty Chemicals

Pidilite Industries
₹1,362.4052.361,38,676 Cr12.811.48%22.36%28.48%15,689 Cr2,677 Cr
Gujarat Fluorochemicals
₹4,246.4077.1046,647 Cr5.970.07%7.25%10.13%5,334 Cr600 Cr
Navin Fluorine International
₹8,354.0054.2342,850 Cr10.790.18%16.70%18.66%3,734 Cr789 Cr
Aether Industries
₹1,581.8089.2220,995 Cr8.550.00%8.94%12.15%1,257 Cr235 Cr
Deepak Nitrite
₹1,488.7025.9220,305 Cr3.480.52%9.38%10.85%8,624 Cr784 Cr
Aarti Industries
₹460.6031.4616,701 Cr2.810.23%7.04%8.53%9,040 Cr531 Cr
Atul
₹5,151.0019.6515,165 Cr2.300.55%10.95%13.54%7,185 Cr788 Cr
Hardcastle & Waud Mfg Co (this company)
—10.1553 Cr1.050.00%9.73%10.30%12 Cr5 Cr
Median 8 companies₹1,581.8041.9120,650 Cr4.730.21%9.56%11.50%6,260 Cr692 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the live price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

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

63 Good
Overall score

Data confidence 98/100

Category scores

Quality Weak 45
Returns, margins, earnings quality 22% weight
Valuation Good 60
Cheap vs sector & own history 24% weight
Growth Strong 98
Sales & profit trajectory 9% weight
Financial Health Strong 87
Solvency, leverage, coverage 9% weight
Momentum Strong 70
Trend strength, vol-adjusted 12% weight
Ownership Average 50
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

3
  • Company is almost debt free.
  • Stock is trading at 1.06 times its book value
  • Company has delivered good profit growth of 246% CAGR over last 5 years

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.19.6 Cr.
  • Working capital days have increased from 28.7 days to 125 days

Technical Indicators

Oscillators

Bearish

Bearish
2
Neutral
6
Bullish
1

Overall

Bearish

Bearish
11
Neutral
6
Bullish
2

Moving Averages

Bearish

Bearish
9
Neutral
0
Bullish
1

Growth Rate

Revenue Growth
76.19% higher than 3Y

change over 1 year

Net Income Growth
277% higher than 3Y

change over 1 year

Cash Flow Change
-659%

change over 1 year

EBITDA Margin Change
0.67%

change over 1 year Operating margin 58.51% · Jun 2026

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
1.15
1.36
1.61
1.29
1.59
1.13
1.39
1.77
1.94
2.38
2.93
3.36
2.41
Expenses
0.54
0.68
0.52
0.42
0.47
0.58
0.44
1.32
0.83
1.57
0.98
1.55
1
Operating Profit
0.61
0.68
1.09
0.87
1.12
0.55
0.95
0.45
1.11
0.81
1.95
1.81
1.41
OPM %
53.04%
50%
67.7%
67.44%
70.44%
48.67%
68.35%
25.42%
57.22%
34.03%
66.55%
53.87%
58.51%
Other Income
0.11
0.11
0.11
0.11
0.11
0.11
0.11
0.11
0.12
0.12
0.13
0.13
0.12
Interest
0
0
0
0
0
0
0
0
0
0
0
0
0
Depreciation
0.17
0.17
0.16
0.16
0.17
0.18
0.19
0.19
0.19
0.2
0.2
0.2
0.2
PBT
0.55
0.62
1.04
0.82
1.06
0.48
0.87
0.37
1.04
0.73
1.88
1.74
1.33
Tax %
-5.45%
-11.29%
25.96%
32.93%
-6.6%
214.58%
29.89%
75.68%
25.96%
2.74%
25%
-17.24%
19.55%
Net Profit
0.58
0.69
0.77
0.55
1.14
-0.55
0.61
0.09
0.77
0.7
1.41
2.05
1.07
EPS (₹)
8.54
10.15
11.33
8.09
16.78
-8.09
8.98
1.32
11.33
10.3
20.75
30.17
15.75
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
3.14
5.47
8.19
4.21
2.89
3.52
3.19
4.16
3.91
5.43
5.91
10.64
11.08
Expenses
3.62
3.48
2.95
2.64
2.53
2.05
2.29
1.92
2.15
2.16
2.77
4.9
5.1
Operating Profit
-0.48
1.99
5.24
1.57
0.36
1.47
0.9
2.24
1.76
3.27
3.14
5.74
5.98
OPM %
-15.29%
36.38%
63.98%
37.29%
12.46%
41.76%
28.21%
53.85%
45.01%
60.22%
53.13%
53.95%
53.97%
Other Income
1.93
0
0.16
0.13
0.2
0.17
0.14
0.2
0.19
0.42
0.37
0.45
0.5
Interest
0
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
0.8
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
5.68
Tax %
-15.93%
689.76%
19.84%
16.03%
38.89%
26.61%
98.25%
31.35%
16.15%
14.57%
53.41%
8.87%
—
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
5.23
EPS (₹)
19.13
-144
59.46
16.04
1.77
13.25
0.15
18.69
16.19
37.97
18.98
72.55
76.97
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—
Figures in ₹ Crores

Balance Sheet

Particulars 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
3.23
Total Liabilities
47.95
39.4
38.11
39.19
39.54
37.65
37.46
43.53
43.31
45.92
48.67
53.94
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
6.22
Total Assets
47.95
39.4
38.11
39.19
39.54
37.65
37.46
43.53
43.31
45.92
48.67
53.94
Figures in ₹ Crores

Cash Flow

Particulars 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/EBITDA
-3,617
40
-31
-20
139
10
152
164
-147
107
45
-63
Figures in ₹ Crores

Ratios

Particulars 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
9.95
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
9.95
Working Capital Days
-212
-123
-82.45
-156
-292
-163
136
618
205
-8.07
-30.26
125
ROCE %
3.09%
4.08%
14.12%
3.62%
0.49%
3.43%
1.63%
4.87%
3.15%
7%
6.31%
11.26%

Insights

Beta

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

Log in to view Hardcastle & Waud Mfg Co insights

60 extracted metrics + investor summaries across FY10–FY27.

Shareholding Pattern

DIIs0.08%Promot.73.61%Others11.42%Public14.89%As ofSep 2026

Documents

Frequently Asked Questions about Hardcastle & Waud Mfg Co

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 (HARDCAS) listed?
Hardcastle & Waud Mfg Co Ltd trades under code 509597 on the BSE.
Which sector does Hardcastle & Waud Mfg Co Ltd belong to?
Hardcastle & Waud Mfg Co Ltd is classified under the Chemicals sector, in the Specialty Chemicals industry.
What is the market capitalisation of Hardcastle & Waud Mfg Co Ltd?
Hardcastle & Waud Mfg Co Ltd has a market capitalisation of ₹53.08 Cr as of 28 Oct 2026, which places it in the Small Cap band.
What is the PE ratio of Hardcastle & Waud Mfg Co Ltd?
Hardcastle & Waud Mfg Co Ltd trades at a PE ratio of 10.15 as of 28 Oct 2026, on earnings per share of ₹76.97, against a book value of ₹745.75 per share.
What is the 52-week high and low of Hardcastle & Waud Mfg Co Ltd?
Over the last 52 weeks Hardcastle & Waud Mfg Co Ltd has traded between ₹602.25 and ₹1,048 as of 28 Oct 2026.
What is the Return on Equity (ROE) of Hardcastle & Waud Mfg Co Ltd?
Hardcastle & Waud Mfg Co Ltd reported a return on equity of 9.73%. Its debt-to-equity ratio is 0.00.

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
Shares Outstanding 6,79,548

For AI agents and developers

Reading this as an AI agent, LLM or automated pipeline? Every page on Tapetide is also published as clean Markdown — no navigation, no scripts, just the data. Fetch https://tapetide.com/stocks/509597.md for Hardcastle & Waud Mfg Co Ltd: company profile, latest price, key fundamentals, the Tapetide Score, growth rates, quarterly and annual financial statements, shareholding pattern, technical indicators, analyst ratings and exchange filings.

Append .md to any Tapetide URL for the same treatment. A full index of what we publish is at /llms.txt and /llms-full.txt. For live, structured queries instead of documents, use our Indian stock market MCP server.

Explore More

More Chemical & Petrochemical stocks → FII DII DataStock ScreenerNifty 50 HeatmapF&O Ban ListFII and DII flows, month by monthHow Tapetide Scores changed, month by monthStocks mutual funds are buying, month by month