What is Hardcastle & Waud Manufacturing Company Ltd (509597) share price return in the past 10 years?

Hardcastle & Waud Manufacturing Company Ltd share price has appreciated 10.8% annually (CAGR) over the past ten years.

What is the share price of Hardcastle & Waud Manufacturing Company Ltd (509597)?

Company share prices are keep on changing according to the market conditions. The current trading price of Hardcastle & Waud Manufacturing Company Ltd (509597) on 02-Jul-2026 16:59:59 at 16:59 is 822.60.

What is the P/E ratio of Hardcastle & Waud Manufacturing Company?

The latest standalone P/E ratio of Hardcastle & Waud Manufacturing Company as of 02-Jul-2026 is 11.33.

What is the P/B ratio of Hardcastle & Waud Manufacturing Company Ltd (509597)?

The latest standalone P/B ratio of Hardcastle & Waud Manufacturing Company Ltd (509597) as of 02-Jul-2026 is 1.10.

What is the 52-week high and low of Hardcastle & Waud Manufacturing Company Ltd (509597)?

The 52-week high of Hardcastle & Waud Manufacturing Company Ltd (509597) is Rs. 1048.00 and the 52-week low is Rs. 602.25.

Hardcastle & Waud Manufacturing Company Ltd (509597) Share Analysis – Quality, Valuation Zone & Price Trend & DeciZen Rating

Name: Hardcastle & Waud Manufacturing Company Ltd (509597)
Brand: Hardcastle & Waud Manufacturing Company

Hardcastle & Waud Manufacturing Company Ltd (509597)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 509597 NSE: Chemicals | Small Cap | Hardcastle&Waud Mfg. Share Price

Hardcastle & Waud Manufacturing Company Ltd (509597)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 509597 NSE: Chemicals | Small Cap | Hardcastle&Waud Mfg. Share Price

Key Metrics

Valuation Multiples

Market Cap

₹56 Cr.

Current Price

₹822.6

52-Week Low / High

₹602 / 1,048

TTM EPS

₹72.6

TTM Sales

₹10.6 Cr.

Book Value per Share

₹746.3

P/E Ratio

11.33

Lower than its 5-year historical median

Industry PE

52.9

Price to Book (P/B)

1.10

Higher than its 5-year historical median

Price to Sales (P/S)

5.27

Lower than its 5-year historical median

EV/EBITDA

8.88

Lower than its 5-year historical median

Dividend Yield

Profitability Efficiency

Return on Equity (ROE)

2.86%

Underperforms industry median

Return on Capital Employed (ROCE)

6.18%

Underperforms industry median

Return on Assets (ROA)

2.72%

Operating Profit Margin

52.9%

Net Profit Margin

21.85%

Gross Profit Margin

59.5%

Growth Momentum
1-yr vs 3-yr growth

Sales Growth (1 Year)

Slowing versus 3-year growth rate

8.87%

Operating Profit Growth (1 Year)

Slowing versus 3-year growth rate

-6.13%

Net Profit Growth (1 Year)

Slowing versus 3-year growth rate

-50%

Asset Quality

Promoter Holding

73.61%

Pledged shares (%) of Promoter's holding (%)

0.00%

Reserves

₹50 Cr.

Equity

₹0.7 Cr.

Face Value

₹10

All Time Low / High

₹1.00 / 1387.00

Hardcastle & Waud Manufacturing Company stock performance

Key Ratios

Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Hardcastle & Waud Manufacturing Company Ltd a good quality company?

Hardcastle & Waud Manufacturing Company Ltd is a quality company, based on a multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.

How does Hardcastle & Waud Manufacturing Company Ltd performance compare with that of its Peers?

Q.1 Revenue growth of Hardcastle & Waud Manufacturing Company Ltd vs industry peers?

Hardcastle & Waud Manufacturing Company Ltd revenue CAGR is 10.84%, compared to the industry median CAGR of 7.53%, indicating faster growth and gaining its market share.

Q.1 Promoter shareholding and pledge status of Hardcastle & Waud Manufacturing Company Ltd?

Promoters hold 73.61% of the Hardcastle & Waud Manufacturing Company Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Stock return of Hardcastle & Waud Manufacturing Company Ltd over the last decade?

Over the last 9 year(s), the stock has delivered a CAGR of 9.6% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	4.1%	14.1%	3.6%	0.5%	3.4%	1.6%	4.9%	3.2%	7%	6.2%	-
Value Creation Index ⓘ	-0.7	0.0	-0.7	-1.0	-0.8	-0.9	-0.7	-0.8	-0.5	-0.6	-
Growth Parameters ⓘ
Sales ⓘ	7	8.2	4.2	2.9	3.5	3.2	4.2	3.9	5.4	5.9	11
Sales YoY Gr.	-	16.8%	-48.8%	-31.4%	21.8%	-9.4%	30.4%	-6%	38.4%	8.9%	-
Adj EPS ⓘ	-134.7	59.4	16.1	1.8	13.3	0.1	18.5	16	38	19.5	72.6
YoY Gr.	-	NA	-73%	-89%	653.4%	-98.9%	13135.7%	-13.7%	137.3%	-48.7%	-
BVPS (₹) ⓘ	526.1	524.4	541.2	541.7	516.5	513.7	591.8	614.6	654.5	670	746.3
Adj Net Profit ⓘ	-9.2	4	1.1	0.1	0.9	0	1.3	1.1	2.6	1.3	5
Cash Flow from Ops. ⓘ	0.6	-1.7	-0.6	0.7	0.2	1.4	3.2	-3	3.1	0.7	-
Debt/CF from Ops. ⓘ	0	0	0	0.4	0.3	0	0	0	0	0	-

CAGR ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	-2%	10.8%	12.3%	8.9%
Adj EPS ⓘ	NA	8%	1.7%	-48.7%
BVPSⓘ	2.7%	5.3%	4.2%	2.4%
Share Price	10.8%	28%	26.1%	14.2%

Key Financial Parameters ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	-22.5	11.3	3	0.3	2.5	0	3.4	2.7	6	2.9	10.3
Op. Profit Mgn % ⓘ	41.3	63.7	37.2	12.8	41.9	28.3	53.6	45.1	60.2	52.9	53.7
Net Profit Mgn % ⓘ	-130.1	49.1	25.9	4.2	25.6	0.3	30.3	27.8	47.6	22.5	46.5
Debt to Equity ⓘ	0	0	0	0	0	0	0	0	0	0	0
Working Cap Days ⓘ	310	325	733	1,107	926	754	603	595	127	60	70
Cash Conv. Cycle ⓘ	1	-10	25	45	39	49	18	-0	-7	-16	49

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	7.04	8.22	4.21	2.89	3.52	3.19	4.16	3.91	5.41	5.89
Operating Expenses ⓘ +	5.05	2.98	2.64	2.52	2.04	2.29	1.93	2.15	2.16	2.83
Manufacturing Costs	0.38	0.19	0.09	0.09	0.19	0.19	0.16	0.20	0.18	0.19
Material Costs	1.66	1.55	1.38	1.11	0.71	0.98	0.58	0.40	0.45	0.86
Employee Cost	0.66	0.46	0.52	0.64	0.61	0.70	0.65	0.60	0.63	0.73
Other Costs ⓘ	2.34	0.78	0.67	0.68	0.53	0.42	0.54	0.94	0.90	1.04
Operating Profit ⓘ	1.99	5.24	1.57	0.37	1.48	0.90	2.23	1.76	3.26	3.06
Operating Profit Margin (%)	28.3%	63.7%	37.2%	12.8%	41.9%	28.3%	53.6%	45.1%	60.2%	52.0%
Other Income ⓘ +	0	0.16	0.13	0.20	0.17	0.14	0.20	0.19	0.44	0.44
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Interest ⓘ	0	0	0	0	0	0	0	0	0	0
Depreciation ⓘ	0.33	0.36	0.39	0.38	0.40	0.47	0.59	0.65	0.67	0.72
Profit Before Tax ⓘ	1.66	5.04	1.30	0.19	1.24	0.56	1.85	1.31	3.02	2.78
Tax ⓘ	11.45	1	0.21	0.07	0.34	0.55	0.58	0.21	0.44	1.50
Profit After Tax	-9.79	4.04	1.09	0.12	0.90	0.01	1.27	1.10	2.58	1.29
PAT Margin (%)	-139.0%	49.1%	25.9%	4.2%	25.6%	0.3%	30.6%	28.0%	47.6%	21.9%
Adjusted EPS (₹)	-144.0	59.4	16.1	1.8	13.3	0.1	18.7	16.1	37.9	18.9
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Valuation of Hardcastle&Waud Mfg. - Standalone

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	35.75	35.63	36.77	36.81	35.10	34.91	40.22	41.76	44.48	45.52
Share Capital ⓘ	0.68	0.68	0.68	0.68	0.68	0.68	0.68	0.68	0.68	0.68
Reserves ⓘ	35.07	34.95	36.09	36.13	34.42	34.23	39.54	41.08	43.80	44.84
Debt +	0	0	0	0.25	0.05	0	0	0	0	0
Long Term Debt	0	0	0	0	0	0	0	0	0	0
Short Term Debt	0	0	0	0.25	0.05	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	0.33	0.07	0	0.03	0.08	0.13	0.11	0.07	0.04	0.44
Others Liabilities ⓘ	3.33	2.16	2.20	2.23	1.50	1.75	3.21	1.47	1.40	2.70
Total Liabilities ⓘ	39.40	37.87	38.97	39.32	36.72	36.78	43.53	43.30	45.92	48.66
Fixed Assets
Net Fixed Assets ⓘ +	7.14	2.68	2.68	3.77	11.12	4.21	4.86	5.63	5.33	6.45
Gross Block	10.99	2.91	3.19	4.52	12.53	5.52	6.32	7.37	7.47	9.01
Accumulated Depreciation	3.84	0.24	0.51	0.75	1.40	1.31	1.45	1.74	2.15	2.56
CWIP ⓘ	0	0.19	0.02	0	0.27	0.24	0.10	0.03	0.47	0.22
Investments ⓘ	25.31	26.56	27.14	26.52	16.05	13.04	13.68	19.59	23.06	26.45
Inventories	0	0	0.01	0.03	0.26	0	0	0	0	0
Trade Receivables	0.42	0.35	0.34	0.36	0.26	0.64	0.25	0.11	0	0.61
Cash Equivalents	0.44	0.33	0.33	0.34	0.12	0.17	0.31	0.45	1.99	0.28
Others Assets ⓘ	6.09	7.76	8.45	8.31	8.64	18.49	24.32	17.49	15.07	14.64
Total Assets ⓘ	39.40	37.87	38.97	39.32	36.72	36.78	43.53	43.30	45.92	48.66

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	0.58	-1.65	-0.60	0.65	0.16	1.35	3.21	-2.96	3.08	0.69
PBT ⓘ	1.66	5.04	1.30	0.19	1.24	0.56	1.85	1.31	3.02	2.78
Adjustment ⓘ	0.28	-4.75	-0.89	0.23	-0.52	0.43	-0.81	-0.57	-1.84	-1.84
Changes in Working Capital ⓘ	-1.15	-1.94	-0.73	0.08	-0.58	0.38	2.63	-3.33	2.31	0.47
Tax Paid ⓘ	-0.21	-0	-0.28	0.15	0.02	-0.02	-0.46	-0.37	-0.41	-0.72
Cash Flow From Investing Activity ⓘ +	-0.75	1.55	0.53	-0.89	-0.25	-1.25	-3.11	3.07	-1.55	-2.40
Capex	-0.04	-0.90	-0.11	-1.31	-0.60	-0.85	-0.83	-1.07	-0.55	-1.39
Net Investments	-0.72	2.42	0.62	0.41	0.34	-0.41	5.21	-5.10	-1.44	-1.68
Others ⓘ	0.01	0.02	0.01	0.01	0.01	0.02	-7.48	9.24	0.45	0.67
Cash Flow From Financing Activity ⓘ +	-0	0	0	0.25	-0.20	-0.05	0	0	0	0
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	-0	0	0	0	0	0	0	0	0	0
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	0	0	0	0.25	-0.20	-0.05	0	0	0	0
Net Cash Flow ⓘ	-0.18	-0.10	-0.07	0.01	-0.29	0.05	0.10	0.11	1.54	-1.71

Financial Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	-24.1	11.31	3.01	0.33	2.51	0.03	3.39	2.67	5.98	2.86
ROCE (%)	4.09	14.11	3.6	0.52	3.43	1.61	4.92	3.18	7	6.18
Asset Turnover Ratio	0.18	0.21	0.11	0.07	0.09	0.09	0.1	0.09	0.12	0.12
PAT to CFO Conversion(x)	N/A	-0.41	-0.55	5.42	0.18	135	2.53	-2.69	1.19	0.53
Working Capital Days
Receivable Days	21.90	17	30	44.70	32.30	51.30	38.80	16.80	0	38
Inventory Days	0.30	0	1.10	2.60	15.20	0	0	0	0	0
Payable Days	48.20	46.90	0	10.40	27.40	37.50	73.90	80.20	46.50	103.70

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Hardcastle & Waud Manufacturing Company Ltd FAQs

The current trading price of Hardcastle&Waud Mfg. on 02-Jul-2026 16:59 is ₹822.6.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 01-Jul-2026 the market cap of Hardcastle&Waud Mfg. stood at ₹55.89 Cr

The latest P/E ratio of Hardcastle&Waud Mfg. as of 01-Jul-2026 is 11.33.

The latest P/B ratio of Hardcastle&Waud Mfg. as of 01-Jul-2026 is 1.10.

The 52-week high of Hardcastle&Waud Mfg. is ₹1,048 and the 52-week low is ₹602.2.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Hardcastle&Waud Mfg. is ₹10.61 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Hardcastle & Waud Manufacturing Company Ltd is a below average quality company.

The key valuation ratios of Hardcastle & Waud Manufacturing Company Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Hardcastle & Waud Manufacturing Company Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Hardcastle & Waud Manufacturing Company Ltd

Hardcastle & Waud Manufacturing Company Ltd.( Hawco) is a public limited company incorporated on October 15,1945 under the Indian Companies Act, 1913. Its registered office is at Netivli Baug, Kalyan Thane District, Maharashtra. Hawco is a multi-product company engaged in manufacturing and/or marketing of insulating varnishes, synthetic resins, pre-colour coated steel coils and profiles, sealants and maintenance products and metal processing chemicals. It has a factory at Kalyan and regional offices in all four metro cities. The shares of the company are listed at the Stock Exchange, Mumbai.

Decades earlier, in mid- twenties of the twentieth century, an honest business firm busied itself importing paints, industrial oils, heat treatment chemicals and metal processing chemicals from reputed companies in UK, USA, Germany and Austria.

Specialty products were manufactured for metal working industries, synthetic resins for printing and like industries, insulating varnishes for the electrical industry, compressed asbestos jointingâ€™s for engineering and other industries as also industrial laminator and protective paints.

The company grew from strength to strength, always maintaining its commitment to consistent expansion, diversification and growth.

HAWCOâ€™s products aid in the revolutionising of Indiaâ€™s Industrial, Construction, Automobiles, Electronics and Hardware sectors. This is an on-going task, which will continue with earnest into this millennium. Research facilities at Kalyan and Sarigam will work overtime, readying HAWCO to fully utilise the attractive opportunities presented by the open market scenario. HAWCO is busying itself today working towards shaping a far more successful tomorrow.

Product range of the company includes:

Sealants & Maintenance Division

Holdtite
Rustolene
WD 40

Synthetic Resins Division

Phenolic
Alkyds
Amino/Amides

Metal Processing Division

Fluid Power
Heat Treatment Products
Cutting Coolants
Cleaners
Metal Forming Drawing
Rust Preventives
Rolling Oils
Petrofer Brands (now available in India)

Hardcastle & Waud Manufacturing Company Ltd (509597)

Hardcastle & Waud Manufacturing Company Ltd (509597)

Hardcastle & Waud Manufacturing Company stock performance

Check Before You Invest

M-Cap below 100cr DeciZen not available

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Value Creation ⓘ

Growth Parameters ⓘ

CAGR ⓘ

Key Financial Parameters ⓘ

Profit And Loss

Valuation of Hardcastle&Waud Mfg. - Standalone

Price Calculator

Price Chart

Price to Earnings

Price to Sales

Price to Book

EV to EBITDA

Dividend History

Analyst's Notes

Balance Sheet

Equity and Liabilities

Fixed Assets

Cash Flow

Financial Ratio

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Hardcastle & Waud Manufacturing Company Ltd FAQs

About Hardcastle & Waud Manufacturing Company Ltd

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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
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Hardcastle & Waud Manufacturing Company Ltd (509597)

Hardcastle & Waud Manufacturing Company Ltd (509597)

Hardcastle & Waud Manufacturing Company stock performance

Check Before You Invest

M-Cap below 100cr DeciZen not available

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Value Creation ⓘ

Growth Parameters ⓘ

CAGR ⓘ

Key Financial Parameters ⓘ

Profit And Loss

Valuation of Hardcastle&Waud Mfg. - Standalone

Price Calculator

Price Chart

Price to Earnings

Price to Sales

Price to Book

EV to EBITDA

Dividend History

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

Balance Sheet

Equity and Liabilities

Fixed Assets

Cash Flow

Financial Ratio

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Hardcastle & Waud Manufacturing Company Ltd FAQs

What is the share price of Hardcastle&Waud Mfg.?

What is the market cap of Hardcastle&Waud Mfg.?

What is the P/E ratio of Hardcastle&Waud Mfg.?

What is the P/B ratio of Hardcastle&Waud Mfg.?

What is the 52-week high and low of Hardcastle&Waud Mfg.?

What is the TTM revenue of Hardcastle&Waud Mfg.?

Is Hardcastle & Waud Manufacturing Company Ltd a good quality company?

Is Hardcastle & Waud Manufacturing Company Ltd undervalued or overvalued?

Is Hardcastle & Waud Manufacturing Company Ltd a good buy now?

About Hardcastle & Waud Manufacturing Company Ltd

Create stable, long-term investment portfolio with strong, consistent stocks.

About MoneyWorks4Me

Our Vision

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.