Hardcastle & Waud Manufacturing Company Ltd - Stock Valuation and Financial Performance

BSE: 509597 | NSE: | Chemicals | Small Cap

Hardcastle&Waud Mfg Share Price

693.75 -6.25 -0.89%
as on 12-Apr'24 16:59

DeciZen - make an informed investing decision on Hardcastle&Waud Mfg

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Hardcastle & Waud Manufacturing Company stock performance -

mw4me loader
P/E Ratio (SA):
22.19
Market Cap:
47.1 Cr.
52-wk low:
337.3
52-wk high:
911

Is Hardcastle & Waud Manufacturing Company Ltd an attractive stock to invest in?

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

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

2. Is Hardcastle & Waud Manufacturing Company Ltd undervalued or overvalued?

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

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

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.

10 Year X-Ray of Hardcastle&Waud Mfg:

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Hardcastle & Waud Manufacturing Company Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % -0.4%2%-22.5%11.3%3%0.3%2.5%0%3.4%2.7%-
Value Creation
Index
-1.0-0.9-2.6-0.2-0.8-1.0-0.8-1.0-0.8-0.8-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 3.13.778.24.22.93.53.24.23.95
Sales YoY Gr.-16.6%92.4%16.8%-48.8%-31.4%21.8%-9.4%30.4%-6%-
Adj EPS -313.3-134.759.416.11.813.30.118.51631.3
YoY Gr.-NA-1112.1%NA-73%-89%653.4%-98.9%13135.7%-13.7%-
BVPS (₹) 652.2670.2526.1524.4541.2541.7516.5513.7591.8614.6646.7
Adj Net
Profit
-0.20.9-9.241.10.10.901.31.12
Cash Flow from Ops. -2.217.30.6-1.7-0.60.70.21.43.2-3-
Debt/CF from Ops. 000000.40.3000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 2.5%-1.5%3.6%-6%
Adj EPS NA-0.1%6.4%-13.7%
BVPS-0.7%2.6%6%3.9%
Share Price 9% 19.1% 57.4% 97.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-0.52-22.511.330.32.503.42.75
Op. Profit
Mgn %
-34.6-1341.363.737.212.841.928.353.645.150.3
Net Profit
Mgn %
-6.524.7-130.149.125.94.225.60.330.327.840.6
Debt to
Equity
0000000000-
Working Cap
Days
2,4821,3893103257331,107926754603595278
Cash Conv.
Cycle
2,0548721-1025453949180248

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 5.00%

Sales growth is good in last 4 quarters at 43.77%

Sales growth has been subdued in last 3 years 3.56%

Net Profit has been subdued in last 3 years 6.44%

Latest Financials - Hardcastle & Waud Manufacturing Company Ltd.

Standalone Consolidated
TTM EPS (₹) 31.3 -
TTM Sales (₹ Cr.) 5.2 -
BVPS (₹.) 646.7 -
Reserves (₹ Cr.) 43 -
P/BV 1.07 -
PE 22.19 -
From the Market
52 Week Low / High (₹) 337.25 / 911.00
All Time Low / High (₹) 1.00 / 1387.00
Market Cap (₹ Cr.) 47.1
Equity (₹ Cr.) 0.7
Face Value (₹) 10
Industry PE 49.3

Management X-Ray of Hardcastle&Waud Mfg:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Hardcastle&Waud Mfg

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales3.143.667.048.224.212.893.523.194.163.91
Operating Expenses 4.244.535.052.982.642.522.042.291.932.15
Manufacturing Costs0.380.290.380.190.090.090.190.190.160.20
Material Costs2.151.951.661.551.381.110.710.980.580.40
Employee Cost 0.510.600.660.460.520.640.610.700.650.60
Other Costs 1.201.692.340.780.670.680.530.420.540.94
Operating Profit -1.09-0.871.995.241.570.371.480.902.231.76
Operating Profit Margin (%) -34.8%-23.7%28.3%63.7%37.2%12.8%41.9%28.3%53.6%45.1%
Other Income 0.962.3200.160.130.200.170.140.200.19
Interest 0.04000000000
Depreciation 0.280.320.330.360.390.380.400.470.590.65
Exceptional Items 0000000000
Profit Before Tax -0.461.121.665.041.300.191.240.561.851.31
Tax -0.25-0.1811.4510.210.070.340.550.580.21
Profit After Tax -0.211.30-9.794.041.090.120.900.011.271.10
PAT Margin (%) -6.6%35.6%-139.0%49.1%25.9%4.2%25.6%0.3%30.6%28.0%
Adjusted EPS (₹)-3.019.2-144.059.416.11.813.30.118.716.1
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 44.3345.5635.7535.6336.7736.8135.1034.9140.2241.76
Share Capital 0.680.680.680.680.680.680.680.680.680.68
Reserves 43.6644.8835.0734.9536.0936.1334.4234.2339.5441.08
Minority Interest0000000000
Debt000000.250.05000
Long Term Debt0000000000
Short Term Debt000000.250.05000
Trade Payables0.320.110.330.0700.030.080.130.110.07
Others Liabilities -7.25-7.653.332.162.202.231.501.753.211.47
Total Liabilities 37.4138.0339.4037.8738.9739.3236.7236.7843.5343.30

Fixed Assets

Gross Block10.8811.7910.992.913.194.5212.535.526.327.37
Accumulated Depreciation3.994.353.840.240.510.751.401.311.451.74
Net Fixed Assets6.897.447.142.682.683.7711.124.214.865.63
CWIP 0.63000.190.0200.270.240.100.03
Investments 6.9924.5525.3126.5627.1426.5216.0513.0413.6819.59
Inventories00.01000.010.030.26000
Trade Receivables17.470.430.420.350.340.360.260.640.250.11
Cash Equivalents 0.460.610.440.330.330.340.120.170.310.45
Others Assets4.964.996.097.768.458.318.6418.4924.3217.49
Total Assets 37.4138.0339.4037.8738.9739.3236.7236.7843.5343.30

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -2.2317.250.58-1.65-0.600.650.161.353.21-2.96
PBT -0.461.011.665.041.300.191.240.561.851.31
Adjustment 0.29-0.360.28-4.75-0.890.23-0.520.43-0.81-0.57
Changes in Working Capital -1.9516.71-1.15-1.94-0.730.08-0.580.382.63-3.33
Tax Paid -0.12-0.11-0.210-0.280.150.02-0.02-0.46-0.37
Cash Flow From Investing Activity 0.14-17.10-0.751.550.53-0.89-0.25-1.25-3.113.07
Capex -0.56-0.30-0.04-0.90-0.11-1.31-0.60-0.85-0.83-1.07
Net Investments 0.66-17-0.722.420.620.410.34-0.415.21-5.10
Others 0.030.200.010.020.010.010.010.02-7.489.24
Cash Flow From Financing Activity 0.0500000.25-0.20-0.0500
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -0.04000000000
Dividend Paid 0000000000
Others 0.0900000.25-0.20-0.0500
Net Cash Flow -2.040.15-0.18-0.10-0.070.01-0.290.050.100.11
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-0.472.9-24.111.313.010.332.510.033.392.67
ROCE (%)-0.922.514.0914.113.60.523.431.614.923.18
Asset Turnover Ratio0.080.10.180.210.110.070.090.090.10.09
PAT to CFO Conversion(x)N/A13.27N/A-0.41-0.555.420.181352.53-2.69
Working Capital Days
Receivable Days2,0798932217304532513917
Inventory Days01001315000
Payable Days4641484701027377480

Hardcastle & Waud Manufacturing Company Ltd Stock News

Hardcastle & Waud Manufacturing Company Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Hardcastle&Waud Mfg on 12-Apr-2024 16:59 is ₹693.8.
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 12-Apr-2024 16:59 the market cap of Hardcastle&Waud Mfg stood at ₹47.14.
The latest P/E ratio of Hardcastle&Waud Mfg as of 12-Apr-2024 16:59 is 22.19.
The latest P/B ratio of Hardcastle&Waud Mfg as of 12-Apr-2024 16:59 is 1.07.
The 52-week high of Hardcastle&Waud Mfg is ₹911.0 and the 52-week low is ₹337.2.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Hardcastle&Waud Mfg is ₹5.23 ( Cr.) .

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 jointing’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.

HAWCO’s products aid in the revolutionising of India’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)
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