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Hardcastle & Waud Manufacturing Co. Ltd.

Hardcastle & Waud Manufacturing Co. Ltd.

BBSE:HARDCAS
805.80
INR
-30.05
(-3.60%)
76.99EPS
11.39P/E
595.90MMarket Cap
Hardcastle & Waud Manufacturing Co. Ltd.
BSE:HARDCAS
(Bombay Stock Exchange)

Recent

price

805.80

P/E

ratio

11.39

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
80.42
29.77
44.37
46.28
53.85
90.07
120.67
62.02
42.23
39.83
46.16
48.47
42.47
65.34
65.84
104.16
163.1
Revenue per Share
20.53
144.38
-21.39
-3.04
19.18
-144.14
59.4
16.06
1.76
13.26
0.14
18.72
16.13
37.95
18.94
72.59
76.99
Basic EPS, GAAP
41.13
-261.96
-56.66
-41.05
249.41
7.1
-38.01
-10.39
9.5
2.33
7.27
34.96
-59.3
37.21
-10.28
-56.83
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
467.41
676.62
655.53
652.48
670.52
464.5
524.44
541.2
541.7
516.53
513.71
591.86
614.65
654.55
669.98
746.32
- -
Book Value per Share
467.08
676.33
655.23
652.19
670.23
464.5
524.44
541.2
541.7
516.53
513.71
591.86
614.65
654.55
669.98
746.32
- -
Tangible Book Value per Share
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
Basic Weighted Avg Shares
49
20
30
31
37
61
82
42
29
27
31
33
29
44
45
71
111
Sales/Revenue/Turnover
-24.17
-1,008.56
-92.23
-43.57
6.65
27.1
59.58
27.91
-0.92
9.54
11.89
24.71
3.26
36.28
21.79
19.51
46.84
Operating Margin (%)
6
2
3
3
3
3
4
4
4
4
5
6
6
7
7
8
8
Depreciation Expense
13
98
-15
-2
13
-98
40
11
1
9
- -
13
11
26
13
49
52
Net Income, GAAP
- -
- -
- -
- -
- -
690.13
19.88
16.26
36.02
27.11
98.36
31.14
16.03
14.58
53.75
8.77
8.1
Effective Tax Rate (%)
25.53
484.93
-48.22
-6.57
35.61
-160.04
49.22
25.89
4.18
33.3
0.29
38.62
37.98
58.08
28.77
69.69
47.21
Profit Margin (%)
134
245
211
164
173
-7
-15
-11
-20
-2
15
106
116
39
20
49
- -
Working Capital
78
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
286
460
445
443
456
316
356
368
368
351
349
402
418
445
455
507
- -
Total Equity
- -
- -
- -
- -
- -
-25.4
0.1
2.72
-0.02
2.16
0.02
1.52
0.22
3.19
0.95
2.61
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
-25.4
12.01
3.01
0.33
2.5
0.03
3.39
2.67
5.98
2.86
10.25
- -
Return on Capital (%)
4.49
26.31
-3.21
-0.47
2.9
-25.4
12.01
3.01
0.33
2.51
0.03
3.39
2.67
5.98
2.86
10.25
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1
1
1
Market Capitalization
498
450
596

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
64
- -
Cash, Cash Equivalents & STI
- -
12
- -
Accounts Receivable, Net
- -
3
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
15
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.03%
7.86%
11.39%
Free Cash Flow
-48.95%
54.69%
452.72%
Net Income, GAAP
1,427.69%
2,805.4%
283.25%
Sales/Revenue/Turnover
6.91%
21.09%
58.2%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
16
11
14
18
45
2026
19
24
29
34
71
2027
24
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
16.81
-8.15
9.03
1.26
18.94
2026
11.34
10.37
20.78
30.1
72.59
2027
15.74
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
2027
- -
- -
- -
- -
- -
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Business
Hardcastle and Waud Manufacturing Company Limited (HARDCAS.BO) manufactures and markets industrial chemicals in India, with operations spanning trading, investments, and leasing activities. The company produces insulating varnishes for the electrical industry, synthetic resins for printing and allied sectors, powder paints for powder coatings primarily used on consumer durables such as washing machines, sealants, adhesives, and roofing compounds; it also offers maintenance products, metal processing chemicals, alkyds, maleics and ester gums, phenolic resins, amino/amides, and acid and alkali resisting compounds. Founded in 1945 and headquartered in Mumbai, Maharashtra, the company exclusively markets WD-40 products in India pursuant to an appointment by WD-40 Company US and maintains a joint venture with Soudal Belgium for adhesives, sealants, and roofing compounds. In recent developments, shareholders approved the appointment of Manekchand Panda as independent director for five years effective August 12, 2025, and the re-appointment of Banwari Lal Jatia as managing director for three years from April 1, 2026, alongside re-appointment of Piyushkumar Mehta as director and approval of related party transactions for fiscal years 2025-2026 and 2026-2027 during the 79th annual general meeting.