Hardcast.& Waud

Why is Hardcastle & Waud Mfg Co Ltd falling/rising?

As of 01-Sep, Hardcastle & Waud Mfg Co Ltd's stock price is rising to 820.00, driven by a trend reversal, strong financial results, and favorable valuation compared to peers. The stock has gained 1.02% today, outperforming the sector despite a decline in investor participation.

As of 01-Sep, Hardcastle & Waud Mfg Co Ltd's stock price is rising, currently at 820.00, reflecting an increase of 8.25 or 1.02%. This upward movement can be attributed to several factors. Firstly, the stock has shown a trend reversal, gaining after two consecutive days of decline. It opened with a significant gain of 2.24% today and reached an intraday high of Rs 854.9, which is a 5.32% increase.<BR><BR>Additionally, the company has reported positive financial results over the last three consecutive quarters, with a remarkable growth in profit after tax (PAT) of 262.79% and net sales growth of 55.53% in the latest six months. The return on capital employed (ROCE) is at its highest at 10.67%, indicating strong operational efficiency. Furthermore, the stock is trading at a discount compared to its peers' average historical valuations, which may attract investors looking for value.<BR><BR>Despite a recent decline in investor participation, as evidenced by a significant drop in delivery volume, the stock's performance today has outperformed the sector by 1.32%. Overall, the combination of positive financial results, a favorable valuation, and today's strong performance contributes to the rising stock price of Hardcastle & Waud Mfg Co Ltd.

Who are in the management team of Hardcast.& Waud?

The management team of Hardcast & Waud includes B L Jatia (Managing Director), Sunil Trivedi, Vimal Chand Kothari, and Pranjali Bhandari (Independent Directors), Smita Shilesh Achrekar (Company Secretary & Compliance Officer), and Piyushkumar Mehta (Director).

The management team of Hardcast & Waud includes the following individuals:<BR><BR>1. **B L Jatia** - Managing Director<BR>2. **Sunil Trivedi** - Independent Director<BR>3. **Smita Shilesh Achrekar** - Company Secretary & Compliance Officer<BR>4. **Vimal Chand Kothari** - Independent Director<BR>5. **Piyushkumar Mehta** - Director<BR>6. **Pranjali Bhandari** - Independent Director<BR><BR>If you have any more questions about the company or its management, feel free to ask!

What does Hardcast.& Waud do?

Hardcastle & Waud Mfg Co Ltd is a micro-cap company in the specialty chemicals industry, focusing on industrial chemicals and technical collaborations, with recent quarterly net sales of 2 Cr and a net profit of 1 Cr. Established in 1945, it has a market cap of INR 59 Cr and key financial metrics include a P/E of 11.00 and a return on equity of 10.31%.

Overview:<BR>Hardcastle & Waud Mfg Co Ltd operates in the specialty chemicals industry, focusing on industrial chemicals, investments, and leasing, and is categorized as a micro-cap company.<BR><BR>History:<BR>The company was established on 15th October 1945. It has diversified its production and entered into a technical collaboration with Oxyplast, Belgium, for the production of special epoxide resins. The latest quarterly results reported net sales and profit for June 2026.<BR><BR>Financial Snapshot:<BR>Net Sales: 2 Cr (Quarterly Results - Jun 2026) <BR>Net Profit: 1 Cr (Quarterly Results - Jun 2026) <BR>Market-cap: INR 59 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: 11.00 <BR>Industry P/E: 47 <BR>Dividend Yield: 0.00% <BR>Debt Equity: -0.03 <BR>Return on Equity: 10.31% <BR>Price to Book: 1.10 <BR><BR>Contact Details:<BR>Address: Mall Office 2 Nd floor, Metro Junct Mall Netiveli Kalyan Maharashtra : 421306 <BR>Tel: 91-022-22837658-63 <BR>Email: ho@hawcoindia.com <BR>Website: http://www.hawcoindia.in

Who are the peers of the Hardcast.& Waud?

Peers of Hardcast.& Waud include Technichem Org., Eiko Lifescience, Alkali Metals, KKalpana Inds., Kemistar Corp., Bhatia Colour, Crestchem, Yug Decor, and Seya Industries. Hardcast.& Waud has the highest 1-year return at 11.35%, while Bhatia Colour has the lowest at -90.79%.

Peers: The peers of Hardcast.& Waud are Technichem Org., Eiko Lifescience, Alkali Metals, KKalpana Inds., Kemistar Corp., Bhatia Colour, Crestchem, Yug Decor, and Seya Industries.<BR><BR>Quality Snapshot: Excellent management risk is observed at Eiko Lifescience and Crestchem, while Average management risk is found at Kemistar Corp. and Yug Decor, and the rest have Below Average management risk. Excellent growth is noted at Eiko Lifescience, while Good growth is seen at Crestchem and Hardcast.& Waud, and the rest have Below Average growth. Good capital structure is present at Technichem Org., Bhatia Colour, Crestchem, and Hardcast.& Waud, while Average capital structure is found at Kemistar Corp. and Yug Decor, and the rest have Below Average capital structure.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Hardcast.& Waud at 11.35%, while the peer with the lowest is Bhatia Colour at -90.79%. Hardcast.& Waud's 1-year return is significantly higher than all peers except Eiko Lifescience. Additionally, peers with a negative six-month return include Technichem Org., Alkali Metals, KKalpana Inds., Kemistar Corp., Bhatia Colour, Yug Decor, and Seya Industries.

How big is Hardcast.& Waud?

As of 31st August, Hardcastle & Waud Mfg Co Ltd has a market capitalization of 59.00 Cr, with recent net sales of 11.08 Cr and a net profit of 5.23 Cr. Shareholder's funds are 45.52 Cr, and total assets amount to 48.66 Cr.

As of 31st August, Hardcastle & Waud Mfg Co Ltd has a market capitalization of 59.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, the company reported Net Sales of 11.08 Cr and a Net Profit of 5.23 Cr.<BR><BR>The latest annual period for the balance sheet is March 2025, with Shareholder's Funds amounting to 45.52 Cr and Total Assets of 48.66 Cr.

Which are the latest news on Hardcast.& Waud?

Should I buy, sell or hold Hardcastle & Waud Mfg Co Ltd?

When is the next results date for Hardcastle & Waud Mfg Co Ltd?

The next results date for Hardcastle & Waud Mfg Co Ltd is August 5, 2026.

The next results date for Hardcastle & Waud Mfg Co Ltd is scheduled for August 5, 2026.

Are Hardcastle & Waud Mfg Co Ltd latest results good or bad?

Hardcastle & Waud Mfg Co Ltd's latest results show strong revenue and net profit growth, with revenue up 89.83% year-on-year. However, concerns about declining operating margins and low return on equity suggest a cautious outlook for sustainability.

The latest results for Hardcastle & Waud Mfg Co Ltd present a mixed picture. On one hand, the company reported a significant increase in revenue and net profit for Q4 FY26. Revenue reached ₹3.36 crores, reflecting a remarkable 89.83% growth year-on-year and a 14.68% increase quarter-on-quarter. Net profit also saw a substantial rise to ₹2.05 crores, up 45.39% from the previous quarter.<BR><BR>However, there are underlying concerns. The operating margin decreased to 53.87%, down 13.02 percentage points from the previous quarter, indicating volatility in profitability. Additionally, while the profit margins improved, they were bolstered by a one-time tax credit, which may not be sustainable in the long term. <BR><BR>Moreover, the company's return on equity (ROE) remains low at 6.27%, which raises questions about its capital efficiency. The overall financial health is complicated by significant margin volatility and weak return ratios, suggesting that while the recent revenue growth is impressive, the sustainability of these gains is uncertain.<BR><BR>In summary, while the latest results show strong top-line growth and improved profits, the concerns regarding margin stability and capital efficiency indicate that the overall outlook is cautious. Investors should weigh these factors carefully when assessing the company's performance.

Is Hardcast.& Waud overvalued or undervalued?

As of November 21, 2025, Hardcast.& Waud is considered overvalued with a valuation grade shift to expensive, reflected by a PE ratio of 21.29, an EV to EBITDA ratio of 13.43, and a year-to-date stock performance of -23.25%, compared to the Sensex's 9.08%.

As of 21 November 2025, the valuation grade for Hardcast.& Waud has moved from fair to expensive, indicating a shift towards overvaluation. The company is currently deemed overvalued based on its key financial ratios, including a PE ratio of 21.29, an EV to EBITDA ratio of 13.43, and a PEG ratio of 1.56. <BR><BR>In comparison to its peers, Hardcast.& Waud's PE ratio is significantly lower than Asian Paints, which stands at 68.58, but higher than Berger Paints at 61.55, suggesting a relative overvaluation within its sector. The company's recent stock performance has lagged behind the Sensex, with a year-to-date return of -23.25% compared to the Sensex's 9.08%, reinforcing the view that Hardcast.& Waud is overvalued at its current price of 680.00.

How has been the historical performance of Hardcast.& Waud?

Hardcast.& Waud has shown consistent growth in net sales and operating profit from 2.89 Cr in Mar'19 to 5.89 Cr in Mar'25, despite fluctuations in profit margins and cash flow. Operating profit peaked at 3.06 Cr in Mar'25, while profit after tax decreased to 1.29 Cr, indicating some volatility in profitability.

Answer:<BR>The historical performance of Hardcast.& Waud shows a steady increase in net sales and operating profit over the years, with notable fluctuations in profit margins and cash flow.<BR><BR>Breakdown:<BR>Hardcast.& Waud's net sales have risen from 2.89 Cr in Mar'19 to 5.89 Cr in Mar'25, reflecting consistent growth. The total operating income has followed a similar trend, reaching 5.89 Cr in Mar'25 from 2.89 Cr in Mar'19. Operating profit, excluding other income, peaked at 3.06 Cr in Mar'25, although it was slightly lower than the previous year’s 3.25 Cr. The profit before tax also showed an upward trajectory, increasing from 0.19 Cr in Mar'19 to 2.78 Cr in Mar'25, despite a decrease from 3.02 Cr in Mar'24. Profit after tax reached 1.29 Cr in Mar'25, down from 2.58 Cr in Mar'24, indicating some volatility in profitability. The company maintained a strong operating profit margin of 51.95% in Mar'25, although this was lower than the previous year's 60.07%. Total assets grew from 36.72 Cr in Mar'20 to 48.66 Cr in Mar'25, while total liabilities also increased from 36.78 Cr to 48.66 Cr in the same period. Cash flow from operating activities was positive at 3.00 Cr in Mar'24, but the company experienced a net cash inflow of only 1.00 Cr, indicating some challenges in cash management. Overall, Hardcast.& Waud has demonstrated a solid growth trajectory in sales and profits, with fluctuations in margins and cash flow management.

Who are the top shareholders of the Hardcast.& Waud?

The top shareholders of Hardcast.& Waud are Jeevdani Business Ventures Limited with 46.74%, Rashi Fincorp Ltd. at 7.97%, and individual investors holding 14.86%. There are also two mutual fund schemes with a combined 0.08%, and no foreign institutional investors are involved.

The top shareholders of Hardcast.& Waud include Jeevdani Business Ventures Limited, which holds the largest stake at 46.74%. Other significant shareholders are Rashi Fincorp Ltd., with a holding of 7.97%, and individual investors collectively owning 14.86% of the company. Additionally, there are two mutual fund schemes that hold a combined 0.08%, but there are no foreign institutional investors (FIIs) involved in the shareholding.

What is the technical trend for Hardcast.& Waud?

As of June 5, 2025, Hardcast & Waud's technical trend has shifted to bearish, supported by negative daily moving averages and monthly RSI, despite a mildly bullish MACD on the weekly timeframe.

As of 5 June 2025, the technical trend for Hardcast.& Waud has changed from mildly bearish to bearish. The current technical stance is bearish with moderate strength. Key indicators driving this stance include the daily moving averages, which are bearish, and the monthly RSI, which is also bearish. Additionally, both the weekly and monthly Bollinger Bands are indicating bearish conditions. While the MACD shows a mildly bullish signal on the weekly timeframe, the overall trend remains bearish due to the prevailing weakness in the monthly indicators.

Has Hardcast.& Waud declared dividend?

No Dividend History Available