Hardcast.& Waud

What does Hardcast.& Waud do?

Hardcastle & Waud Mfg Co Ltd is a micro-cap company in the specialty chemicals industry, focusing on industrial chemicals, investments, and leasing. As of March 2025, it reported net sales of 2 Cr and a net profit of 0 Cr, with a market cap of Rs 47 Cr.

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. The latest quarterly results reported net sales and net profit for the period ending March 2025.<BR><BR>Financial Snapshot:<BR>Most recent Net Sales: 2 Cr (Quarterly Results - Mar 2025) <BR>Most recent Net Profit: 0 Cr (Quarterly Results - Mar 2025) <BR>Market-cap value: Rs 47 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: 36.00 <BR>Industry P/E: 51 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: -0.05 <BR>Return on Equity: 2.83% <BR>Price to Book: 1.03 <BR><BR>Contact Details:<BR>Address: Mall Office 2 Nd floor, Metro Junct Mall Netiveli Kalyan Maharashtra : 421306 <BR>Phone: 91-022-22837658-63 <BR>Email: ho@hawcoindia.com <BR>Website: http://www.hawcoindia.in

Has Hardcast.& Waud declared dividend?

No Dividend History Available

Who are the peers of the Hardcast.& Waud?

Hardcast.& Waud's peers include Pidilite Inds., SRF, Gujarat Fluoroch, Deepak Nitrite, Himadri Special, Seya Industries, Yug Decor, Vikram Aroma, Dynamic Industri, and Machhar Industri. SRF has the highest 1-year return at 30.73%, while Hardcast.& Waud's return is 7.59%.

Peers: The peers of Hardcast.& Waud are Pidilite Inds., SRF, Gujarat Fluoroch, Deepak Nitrite, Himadri Special, Seya Industries, Yug Decor, Vikram Aroma, Dynamic Industri, and Machhar Industri.<BR><BR>Quality Snapshot: Excellent management risk is observed at Deepak Nitrite, while Good management risk is found at Pidilite Inds. and SRF. Average management risk is seen at Himadri Special and Gujarat Fluoroch, and the rest have Below Average management risk. Growth is Average at Pidilite Inds. and SRF, Good at Himadri Special, and Below Average at Gujarat Fluoroch, Deepak Nitrite, Hardcast.& Waud, Seya Industries, Yug Decor, Vikram Aroma, Dynamic Industri, and Machhar Industri. Capital Structure is Excellent at Pidilite Inds. and SRF, Good at Hardcast.& Waud, Himadri Special, and Vikram Aroma, while the rest have Below Average or Average capital structures.<BR><BR>Return Snapshot: The peer with the highest 1-year return is SRF at 30.73%, while the lowest is Seya Industries at -22.50%. Hardcast.& Waud's 1-year return of 7.59% is higher than Seya Industries but lower than SRF. Additionally, several peers, including Seya Industries, Deepak Nitrite, and Himadri Special, have negative six-month returns.

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.

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

As of March 2022, 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). They oversee the company's operations and governance.

As of March 2022, 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>This team is responsible for overseeing the operations and governance of the company.

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.

How big is Hardcast.& Waud?

As of 23rd July, Hardcastle & Waud Mfg Co Ltd has a market capitalization of 50.00 Cr, with net sales of 5.88 Cr and a net profit of 1.29 Cr over the latest four quarters. Shareholder's funds are 44.48 Cr, and total assets amount to 45.92 Cr as of March 2024.

As of 23rd July, Hardcastle & Waud Mfg Co Ltd has a market capitalization of 50.00 Cr, classified as a Micro Cap.<BR><BR>In the latest four quarters, the company reported Net Sales of 5.88 Cr and a Net Profit of 1.29 Cr.<BR><BR>The latest annual period for the balance sheet is March 2024, with Shareholder's Funds amounting to 44.48 Cr and Total Assets of 45.92 Cr.

When is the next results date for Hardcast.& Waud?

Hardcast.& Waud will declare its results on 12 August 2025.

Hardcast.& Waud will declare its results on 12 August 2025.

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.

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.

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

Hardcastle & Waud Mfg Co Ltd's latest results show impressive revenue growth of 110.79% and a net profit increase of 101.43%, indicating strong operational performance. However, the stock has declined by 19.34% over the past year, and weak return ratios and high valuation raise concerns about long-term financial health.

Hardcastle & Waud Mfg Co Ltd's latest results present a mixed picture. On one hand, the company achieved remarkable revenue growth of 110.79% year-over-year, with net sales reaching ₹2.93 crores in the December 2025 quarter. Additionally, the net profit surged by 101.43% to ₹1.41 crores, and the operating profit margin stood at a strong 66.89%. These figures indicate robust operational performance and strong demand dynamics.<BR><BR>However, despite these positive results, the company faces significant challenges. The stock has declined by 19.34% over the past year, reflecting investor concerns. Moreover, the company's return ratios are weak, with a return on equity (ROE) of only 3.63%, which is considerably below industry standards. This raises questions about capital efficiency and long-term value creation.<BR><BR>Furthermore, the valuation appears expensive, trading at 22 times trailing earnings, which may not be justified given the weak return metrics and minimal institutional interest. Overall, while the quarterly results show strong operational momentum, the underlying financial health and market sentiment suggest caution.

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

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

As of 16-Mar, Hardcastle & Waud Mfg Co Ltd's stock price is at 668.90, down 1.1 (-0.16%), and has underperformed recently with a 3-day loss of 3.46% and significant drops in investor participation. The stock is also trailing behind the benchmark Sensex, indicating declining investor confidence.

As of 16-Mar, Hardcastle & Waud Mfg Co Ltd's stock price is falling, currently at 668.90, reflecting a decrease of 1.1 (-0.16%). The stock has been underperforming, having lost 3.46% over the last three days and is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock has experienced a significant drop in investor participation, with delivery volume on 13 March falling by 83.09% compared to the 5-day average. <BR><BR>In the context of broader market performance, the stock has also underperformed against the benchmark Sensex, with a 1-week return of -5.45% compared to the Sensex's -2.66%. Despite a strong performance over longer periods, such as a 3-year return of +73.67%, the recent trends indicate a decline in investor confidence and participation, contributing to the current downward movement in the stock price.

Which are the latest news on Hardcast.& Waud?