Why is Hardcastle & Waud Mfg Co Ltd ?
1
Weak Long Term Fundamental Strength with an average Return on Equity (ROE) of 3.63%
- Poor long term growth as Operating profit has grown by an annual rate 15.61% of over the last 5 years
- Company's ability to service its debt is weak with a poor EBIT to Interest (avg) ratio of 1.88
2
Flat results in Sep 25
- CASH AND CASH EQUIVALENTS(HY) Lowest at Rs 0.25 cr
3
With ROE of 4.6, it has a Expensive valuation with a 1 Price to Book Value
- The stock is trading at a fair value compared to its peers' average historical valuations
- Over the past year, while the stock has generated a return of -25.69%, its profits have risen by 13.6% ; the PEG ratio of the company is 1.6
4
Underperformed the market in the last 1 year
- Even though the market (BSE500) has generated returns of 2.11% in the last 1 year, the stock has hugely underperformed and has generate negative returns of -25.69% returns
How much should you sell?
- All quantity irrespective of whether you are making profits or losses
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Specialty Chemicals)
When to re-enter? - We will constantly monitor the company and review our call based on new data
Is Hardcast.& Waud for you?
High Risk, Low Return
Absolute
Risk Adjusted
Volatility
Hardcast.& Waud
-25.71%
-0.47
55.10%
Sensex
4.81%
0.41
11.83%
Quality key factors
Factor
Value
Sales Growth (5y)
15.30%
EBIT Growth (5y)
15.61%
EBIT to Interest (avg)
1.88
Debt to EBITDA (avg)
Net Debt is too low
Net Debt to Equity (avg)
-0.04
Sales to Capital Employed (avg)
0.11
Tax Ratio
27.91%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
0.08%
ROCE (avg)
4.50%
ROE (avg)
3.63%
Valuation Key Factors 
Factor
Value
P/E Ratio
22
Industry P/E
61
Price to Book Value
1.00
EV to EBIT
17.95
EV to EBITDA
13.77
EV to Capital Employed
1.00
EV to Sales
6.09
PEG Ratio
1.60
Dividend Yield
NA
ROCE (Latest)
5.56%
ROE (Latest)
4.58%
Loading Valuation Snapshot...
Technical key factors
Indicator
Weekly
Monthly
MACD
Bearish
Mildly Bearish
RSI
No Signal
No Signal
Bollinger Bands
Bearish
Bearish
Moving Averages
Bearish (Daily)
KST
Bearish
Mildly Bearish
Dow Theory
Mildly Bullish
No Trend
Technical Movement
6What is working for the Company
NET SALES(9M)
At Rs 6.09 cr has Grown at 51.87%
PAT(Latest six months)
Higher at Rs 1.47 cr
-1What is not working for the Company
CASH AND CASH EQUIVALENTS(HY)
Lowest at Rs 0.25 cr
Loading Valuation Snapshot...
Here's what is working for Hardcast.& Waud
Net Sales - Nine Monthly
At Rs 6.09 cr has Grown at 51.87%
Year on Year (YoY)MOJO Watch
Near term sales trend is very positive
Net Sales (Rs Cr)
Profit After Tax (PAT) - Latest six months
Higher at Rs 1.47 cr
than preceding 12 month period ended Sep 2025 of Rs 1.29 crMOJO Watch
In the half year the company has already crossed PAT of the previous twelve months
PAT (Rs Cr)
Net Sales - Nine Monthly
Higher at Rs 6.09 cr
than preceding 12 month period ended Sep 2025 of Rs 5.40 crMOJO Watch
In the nine month period the company has already crossed sales of the previous twelve months
Net Sales (Rs Cr)
Here's what is not working for Hardcast.& Waud
Cash and Cash Equivalents - Half Yearly
Lowest at Rs 0.25 cr
in the last six half yearly periodsMOJO Watch
Short Term liquidity is deteriorating
Cash and Cash Equivalents






