Hardcastle & Waud Mfg. Co. Ltd.

About

Hardcastle and Waud Manufacturing Company Limited engages in chemical activities in India. It operates through Industrial Chemicals, Investing, and Leasing Activities segments. The company also engages in investment activities; and trades in industrial chemicals. In addition, it offers property leasing services. Hardcastle and Waud Manufacturing Company Limited was incorporated in 1945 and is based in Mumbai, India.

Key Metrics

as of Sep 2026

Market Cap57 Cr

P/E10.90

Div Yield0.00 %

Book Value₹746.00

52w High₹1,048.00

52w Low₹602.00

Face Value₹10.00

Quarterly Results

Rs. Crores · hover row for definition

Metric	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023
Sales	2.41	3.36	2.93	2.38	1.94	1.77	1.39	1.13	1.59	1.29	1.61	1.36	1.15
Expenses	1.00	1.55	0.98	1.57	0.83	1.32	0.44	0.58	0.47	0.42	0.52	0.68	0.54
Operating Profit	1.41	1.81	1.95	0.81	1.11	0.45	0.95	0.55	1.12	0.87	1.09	0.68	0.61
OPM %	58.51	53.87	66.55	34.03	57.22	25.42	68.35	48.67	70.44	67.44	67.70	50.00	53.04
Other Income	0.12	0.13	0.13	0.12	0.12	0.11	0.11	0.11	0.11	0.11	0.11	0.11	0.11
Depreciation	0.20	0.20	0.20	0.20	0.19	0.19	0.19	0.18	0.17	0.16	0.16	0.17	0.17
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Profit before tax	1.33	1.74	1.88	0.73	1.04	0.37	0.87	0.48	1.06	0.82	1.04	0.62	0.55
Tax %	19.55	-17.24	25.00	2.74	25.96	75.68	29.89	214.58	-6.60	32.93	25.96	-11.29	-5.45
Net Profit	1.07	2.05	1.41	0.70	0.77	0.09	0.61	-0.55	1.14	0.55	0.77	0.69	0.58
EPS in Rs	15.75	30.17	20.75	10.30	11.33	1.32	8.98	-8.09	16.78	8.09	11.33	10.15	8.54

Profit & Loss

Annual · Rs. Crores

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Sales	10.61	5.91	5.43	3.91	4.16	3.19	3.52	2.89	4.21	8.19	5.47	3.14
Expenses	4.91	2.77	2.16	2.15	1.92	2.29	2.05	2.53	2.64	2.95	3.48	3.62
Operating Profit	5.70	3.14	3.27	1.76	2.24	0.90	1.47	0.36	1.57	5.24	1.99	-0.48
OPM %	53.72	53.13	60.22	45.01	53.85	28.21	41.76	12.46	37.29	63.98	36.38	-15.29
Other Income	0.49	0.37	0.42	0.19	0.20	0.14	0.17	0.20	0.13	0.16	0.00	1.93
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	0.78	0.72	0.67	0.65	0.59	0.47	0.40	0.38	0.39	0.36	0.33	0.32
Profit before tax	5.41	2.79	3.02	1.30	1.85	0.57	1.24	0.18	1.31	5.04	1.66	1.13
Tax %	8.69	53.41	14.57	16.15	31.35	98.25	26.61	38.89	16.03	19.84	689.76	-15.93
Net Profit	4.93	1.29	2.58	1.10	1.27	0.01	0.90	0.12	1.09	4.04	-9.79	1.30
EPS in Rs	72.55	18.98	37.97	16.19	18.69	0.15	13.25	1.77	16.04	59.46	-144.08	19.13
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Balance Sheet

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Equity Capital	0.68	0.68	0.68	0.68	0.68	0.68	0.68	0.68	0.68	0.68	0.68	0.68
Reserves	50.03	44.84	43.80	41.08	39.54	34.23	34.42	36.13	36.09	34.95	35.07	44.88
Borrowings	0.00	0.00	0.00	0.00	0.00	0.00	0.05	0.25	0.00	0.00	0.00	0.00
Other Liabilities	3.24	3.15	1.44	1.55	3.31	2.55	2.50	2.48	2.42	2.48	3.65	2.39
Total Liabilities	53.95	48.67	45.92	43.31	43.53	37.46	37.65	39.54	39.19	38.11	39.40	47.95
Fixed Assets	20.24	20.52	19.65	20.22	19.71	19.31	11.12	10.38	9.41	9.53	7.14	7.44
CWIP	0.26	0.22	0.47	0.03	0.10	0.24	0.27	0.00	0.02	0.19	0.00	0.00
Investments	27.22	26.45	23.06	19.59	13.68	13.04	16.05	19.91	20.41	19.71	25.31	24.55
Other Assets	6.23	1.48	2.74	3.47	10.04	4.87	10.21	9.25	9.35	8.68	6.95	15.96
Total Assets	53.95	48.67	45.92	43.31	43.53	37.46	37.65	39.54	39.19	38.11	39.40	47.95

Cash Flows

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Cash from Operating Activity	-3.86	0.69	3.08	-2.96	3.21	1.35	0.16	0.65	-0.60	-1.65	0.58	17.25
Cash from Investing Activity	4.54	-2.40	-1.55	3.07	-3.11	-1.25	-0.25	-0.89	0.53	1.55	-0.75	-17.10
Cash from Financing Activity	0.00	0.00	0.00	0.00	0.00	-0.05	-0.20	0.25	0.00	0.00	0.00	0.00
Net Cash Flow	0.68	-1.71	1.54	0.11	0.10	0.05	-0.29	0.01	-0.07	-0.10	-0.18	0.15
Free Cash Flow	-3.34	-0.70	2.53	-4.03	2.38	0.50	-0.44	-0.66	-0.71	-2.55	0.54	16.95
CFO/OP %	-63.00	45.00	107.00	-147.00	164.00	152.00	10.00	139.00	-20.00	-31.00	40.00	-3,617.00

Ratios

Annual · Days / % — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Debtor Days	9.98	37.67	0.00	10.27	21.94	73.23	26.96	45.47	29.48	15.60	28.03	49.98
Inventory Days	0.00	0.00	0.00	0.00	0.00	0.00	131.81	9.86	2.64	0.00	0.00	1.88
Days Payable	—	—	—	—	—	—	40.56	9.86	0.00	—	—	20.70
Cash Conversion Cycle	9.98	37.67	0.00	10.27	21.94	73.23	118.21	45.47	32.12	15.60	28.03	31.17
Working Capital Days	136.92	-30.26	-8.07	205.37	617.69	136.16	-162.80	-291.75	-156.06	-82.45	-123.45	-211.56
ROCE %	11.24	6.31	7.00	3.15	4.87	1.63	3.43	0.49	3.62	14.12	4.08	3.09

Shareholding Pattern

% holding — latest first

Holder	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023
Promoters	73.61	73.61	73.61	73.61	73.61	73.61	73.61	73.61	73.61	73.61	73.61	73.61
DIIs	0.08	0.08	0.08	0.08	0.08	0.08	0.08	0.08	0.08	0.08	0.08	0.08
Public	26.30	26.30	26.31	26.31	26.30	26.30	26.31	26.29	26.30	26.31	26.31	26.31
No. of Shareholders	1,518	1,494	1,487	1,492	1,517	1,527	1,534	1,523	1,420	1,430	1,374	1,323

Corporate Actions

10 records

Action	Ex Date	Record Date	Ratio	Amount (₹)	Notes
Other	25 Sep 2014	—	—	—	Annual Book Closure
Other	25 Sep 2013	—	—	—	General
Other	25 Sep 2012	—	—	—	General
Other	27 Sep 2011	—	—	—	General
Other	27 Sep 2010	—	—	—	General
Other	24 Sep 2009	—	—	—	General
Other	25 Sep 2008	—	—	—	General
Other	25 Sep 2007	—	—	—	General
Other	04 Dec 2002	13 Dec 2002	—	—	Scheme of Arrangement
Other	06 Sep 2002	—	—	—	General