Hardcastle&Waud Mfg

₹736.9 25.4 | 3.6%

WEBSITE BSE:509597 NSE : HARDCASTLE 18 May, 12:50

Market Cap ₹50 Cr.

Stock P/E 19.4

P/B 1.1

Current Price ₹736.9

Book Value ₹ 654.6

Face Value 10

52W High ₹911

Dividend Yield 0%

52W Low ₹ 0

Edit Ratio

Hardcastle&Waud Mfg Research see more...

Overview Inc. Year: 1945Industry: Chemicals

Hardcastle&Waud Mfg Share Price

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Volume

Price

Price: NSE50 DMA200 DMAVolume

Quarterly Price

Quarterly Monthly

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Peer Comparison

Hardcastle&Waud Mfg Quarterly Results

#(Fig in Cr.)	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Net Sales	1	1	1	1	1	1	1	1	2	1
Other Income	0	0	0	0	0	0	0	0	0	0
Total Income	1	1	1	1	1	1	1	1	2	1
Total Expenditure	1	1	0	0	1	1	1	1	1	0
Operating Profit	0	0	0	1	1	0	1	1	1	1
Interest	0	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0	0	0
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	0	0	0	1	0	0	1	1	1	1
Provision for Tax	0	0	-0	0	0	0	-0	-0	0	0
Profit After Tax	0	0	0	0	0	0	1	1	1	1
Adjustments	0	-0	-0	-0	-0	-0	0	-0	0	0
Profit After Adjustments	0	0	0	0	0	0	1	1	1	1
Adjusted Earnings Per Share	0.9	3.3	3.4	6	5.4	1.4	8.5	10.1	11.3	8

Hardcastle&Waud Mfg Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	3	3	4	7	8	4	3	4	3	4	4	5
Other Income	1	1	2	0	0	0	0	0	0	0	0	0
Total Income	5	4	6	7	8	4	3	4	3	4	4	5
Total Expenditure	6	4	5	5	3	3	3	2	2	2	2	3
Operating Profit	-1	-0	1	2	5	2	1	2	1	2	2	4
Interest	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0	0	1	1	0
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	-1	-0	1	2	5	1	0	1	1	2	1	4
Provision for Tax	0	-0	-0	11	1	0	0	0	1	1	0	0
Profit After Tax	-1	-0	1	-10	4	1	0	1	0	1	1	4
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	-1	-0	1	-10	4	1	0	1	0	1	1	4
Adjusted Earnings Per Share	-21.4	-3	19.2	-144.1	59.4	16.1	1.8	13.3	0.1	18.7	16.1	37.9

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	0%	0%	0%	3%
Operating Profit CAGR	0%	0%	0%	0%
PAT CAGR	0%	0%	0%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	108%	51%	23%	10%
ROE Average	3%	2%	2%	-0%
ROCE Average	3%	3%	3%	3%

Hardcastle&Waud Mfg Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	45	44	46	36	36	37	37	35	35	40	42
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	0	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	-9	-10	-10	1	-0	-0	-0	-1	-1	1	1
Total Current Liabilities	2	3	2	3	2	2	3	3	3	2	1
Total Liabilities	38	37	38	39	38	39	39	37	37	44	43
Fixed Assets	7	7	7	7	3	3	4	11	4	5	6
Other Non-Current Assets	7	11	11	30	34	35	35	23	29	26	25
Total Current Assets	24	19	20	2	1	1	1	2	4	13	12
Total Assets	38	37	38	39	38	39	39	37	37	44	43

Hardcastle&Waud Mfg Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	3	3	0	1	0	0	0	0	0	0	0
Cash Flow from Operating Activities	-1	-2	17	1	-2	-1	1	0	1	3	-3
Cash Flow from Investing Activities	-1	0	-17	-1	2	1	-1	-0	-1	-3	3
Cash Flow from Financing Activities	2	0	-0	-0	0	0	0	-0	-0	0	0
Net Cash Inflow / Outflow	-0	-2	0	-0	-0	-0	0	-0	0	0	0
Closing Cash & Cash Equivalent	3	0	1	0	0	0	0	0	0	0	0

Hardcastle&Waud Mfg Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	-21.39	-3.04	19.18	-144.14	59.4	16.06	1.76	13.26	0.14	18.72	16.13
CEPS(Rs)	-17.52	1.09	23.92	-139.28	64.67	21.85	7.32	19.22	7.11	27.38	25.64
DPS(Rs)	0	0	0	0	0	0	0	0	0	0	0
Book NAV/Share(Rs)	655.23	652.19	670.23	526.08	524.44	541.2	541.7	516.53	513.71	591.84	614.63
Core EBITDA Margin(%)	-83.69	-34.81	-23.7	28.26	63.74	37.24	12.75	41.94	28.25	53.64	45.11
EBIT Margin(%)	-42.89	-13.35	30.78	23.61	61.31	30.92	6.6	35.14	17.67	44.39	33.39
Pre Tax Margin(%)	-47.6	-14.51	30.73	23.59	61.31	30.92	6.49	35.13	17.65	44.39	33.39
PAT Margin (%)	-48.22	-6.57	35.61	-139.21	49.12	25.89	4.15	25.6	0.29	30.57	28.04
Cash Profit Margin (%)	-39.49	2.35	44.43	-134.51	53.48	35.23	17.23	37.09	15.15	44.71	44.57
ROA(%)	-3.89	-0.55	3.45	-25.3	10.45	2.84	0.31	2.37	0.03	3.17	2.52
ROE(%)	-3.21	-0.47	2.9	-24.1	11.31	3.01	0.33	2.51	0.03	3.39	2.67
ROCE(%)	-2.79	-0.92	2.51	4.09	14.11	3.6	0.52	3.43	1.61	4.92	3.18
Receivable days	2224.75	2078.83	892.78	21.85	16.98	30	44.66	32.31	51.25	38.81	16.84
Inventory Days	0.17	0.28	0.55	0.3	0	1.07	2.64	15.21	0	0	0
Payable days	34.97	45.97	40.76	48.2	46.91	0	10.41	27.38	37.45	73.93	80.23
PER(x)	0	0	21.54	0	4.99	21.17	153.04	11.16	1286.93	13.89	21.1
Price/Book(x)	0.5	0.4	0.62	0.59	0.56	0.63	0.5	0.29	0.34	0.44	0.55
Dividend Yield(%)	0	0	0	0	0	0	0	0	0	0	0
EV/Net Sales(x)	7.3	5.52	7.5	2.96	2.41	5.4	6.32	2.84	3.67	4.17	5.8
EV/Core EBITDA(x)	-21.38	-124.54	18.95	10.46	3.67	13.42	32.14	6.08	11.29	7.13	11.62
Net Sales Growth(%)	49.01	4.32	16.34	92.3	16.79	-48.71	-31.51	21.95	-9.35	30.4	-6.05
EBIT Growth(%)	-901.55	67.53	368.22	47.5	203.29	-74.13	-85.39	549.67	-54.41	227.53	-29.34
PAT Growth(%)	-114.82	85.78	730.46	-851.66	141.21	-72.96	-89.02	652.09	-98.98	0	-13.82
EPS Growth(%)	-114.82	85.78	730.46	-851.66	141.21	-72.96	-89.02	652.1	-98.98	0	-13.82
Debt/Equity(x)	0.05	0	0	0	0	0	0.01	0	0	0	0
Current Ratio(x)	9.52	6.92	8.22	0.76	0.39	0.53	0.28	0.91	1.58	5.25	16.02
Quick Ratio(x)	9.52	6.92	8.22	0.76	0.39	0.52	0.27	0.81	1.58	5.25	16.02
Interest Cover(x)	-9.11	-11.5	653.94	1374.08	0	0	61.48	2509.1	895.82	0	0
Total Debt/Mcap(x)	0.09	0	0	0	0	0	0.01	0	0	0	0

Hardcastle&Waud Mfg Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	73.47	73.47	73.61	73.61	73.61	73.61	73.61	73.61	73.61	73.61
FII	0	0	0	0	0	0	0	0	0	0
DII	0.08	0.08	0.08	0.08	0.08	0.08	0.08	0.08	0.08	0.08
Public	26.45	26.45	26.3	26.3	26.3	26.3	26.3	26.3	26.3	26.3
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02
Others	0	0	0	0	0	0	0	0	0	0
Total	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07

Pros

Company is almost debt free.

Cons

Company has a low return on equity of 2% over the last 3 years.
Debtor days have increased from 73.93 to 80.23days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.