Hardcastle & Waud Mfg Co logo

Hardcastle & Waud Mfg Co

HARDCASTLEWAUDMFGLTD NSE

Key Fundamentals

MicrocapSpecialty ChemicalsChemicals
Market Cap
₹56.50 Cr
Volatility
Moderate
P/E Ratio
10.8
EBITDA
₹6.20 Cr
Return on Equity
9.73%
Debt to Equity
0
Book Value
₹745.75
EPS
₹46.24
52W High
₹1,048
52W Low
₹602.25

Tapetide Score

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

Key Insights

Strengths

3
  • Company is almost debt free.
  • Stock is trading at 1.11 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

Growth Rate

Revenue Growth
76.19% higher than 3Y
Net Income Growth
277% higher than 3Y
Cash Flow Change
-659% lower than 3Y
ROE
244% higher than 3Y
ROCE
74.87% higher than 3Y
EBITDA Margin (Avg.)
0.67% higher than 3Y

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 in Rs
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 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
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/OP
-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

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Shareholding Pattern

DIIs0.08%Promot.73.61%Others11.42%Public14.89%As ofJun 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 (509597) listed?
Hardcastle & Waud Mfg Co Ltd trades as HARDCASTLEWAUDMFGLTD on the NSE and 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 ₹56.5 Cr, 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 10.80, on earnings per share of ₹46.24, 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.
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

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