Hardcastle & Waud Mfg.co.ltd.

BSE: HARDCAS · Specialty Chemicals · sector

₹780.15BSE close 2026-10-26

Key numbers

Market cap₹53 cr

Price₹780.15

52w high / low₹1,048 / ₹602

P/E10.1xSector median 22.6x

P/B1.1xSector median 2.6x

Book value₹746.3

Dividend yield–Sector median 0.60%

ROE10.9%Sector median 10.6%

ROCE11.2%Sector median 12.9%

OPM54.0%Sector median 12.1%

Debt / equity0.00xSector median 0.18x

EV/EBITDA8.7xSector median 15.1x

Interest cover–

Current ratio4.33x

Sales growth 3y+39.5%Sector median +5.0%

Profit growth 3y+64.9%Sector median +0.9%

PEG0.16x

Last 12 months to Jun 2026, Standalone. "Sector median" = middle value of 107 companies in Specialty Chemicals (P/E median leaves out loss-making companies). Tap ? for what a number means.

Things to know

Cash ₹1 cr vs borrowings ₹0 cr (FY26): cash is higher (net cash).
Other income was 10% of net profit in the last 12 months.
No dividend in the last 5 financial years.
Price ₹780.15 on 2026-10-26: -25.6% from the 52-week high, +29.5% from the 52-week low.

Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.

Charts

Weekly close · high ₹1,089.95 · low ₹639.05

Quarterly results

₹ cr	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	2	2	2	3	3	2
EBITDA	0	1	1	2	2	1
OPM %	25.4%	57.7%	34.0%	66.6%	53.9%	58.5%
Other income	0	0	0	0	0	0
Net profit	0	1	1	1	2	1
EPS (₹)	1.26	11.34	10.37	20.78	30.10	15.74
Revenue YoY					+89.8%	+24.2%
Profit YoY					+2,166.7%	+39.0%

Standalone figures where filed. Latest quarter Jun 2026.

Profit & loss (yearly)

₹ cr	FY22	FY23	FY24	FY25	FY26	TTM
Revenue	4	4	5	6	11	11
EBITDA	2	2	3	3	6	6
Net profit	1	1	3	1	5	5
EPS (₹)	18.72	16.13	37.95	18.94	72.59	76.99
Revenue growth		-6.0%	+38.4%	+8.9%	+80.1%	–
Profit growth		-13.4%	+134.5%	-50.0%	+282.2%	–
Dividend / share (₹)	–	–	–	–	–

Compounded growth	3 years	5 years	Last 12 months
Sales	+39.5%	–	–
Net profit	+64.9%	–	–
EPS	+65.1%	–	–
Share price	–	-11.1% (2y)	+12.7%

Balance sheet

₹ cr	FY25	FY26
Shareholders' equity	46	51
Borrowings	0	0
Cash & equivalents	2	1
Total assets	49	54
Fixed assets	6	6
Capital work in progress	0	0
Investments	24	27
Receivables	1	0
Inventory	0	0
Payables	0	1

Year-end figures from the March annual filing.

Cash flow

₹ cr	FY25	FY26
Cash from operations	1	-4
Cash from investing	-2	5
Cash from financing	0	0
Capex	0	0
Free cash flow	1	-4

Free cash flow = cash from operations − capex.

Ratios by year

₹ cr	FY25	FY26
ROE %	2.8%	9.7%
ROCE %	6.1%	10.7%
Debtor days	38	10
Inventory days	0	0
Payable days	189	119
Cash conversion cycle (days)	-151	-109
Working capital days	122	170

Peers in Specialty Chemicals

Company	Market cap	P/E	P/B	ROE	ROCE	OPM	Sales 3y	Div yield
PIDILITIND	₹1,50,431 cr	56.8x	13.9x	25.7%	33.4%	24.5%	+7.4%	1.01%
FLUOROCHEM	₹46,168 cr	75.4x	5.9x	8.1%	10.0%	25.6%	-4.2%	0.07%
NAVINFLUOR	₹39,306 cr	49.7x	9.9x	23.9%	22.2%	33.7%	+16.8%	0.18%
DEEPAKNTR	₹19,676 cr	25.1x	3.4x	14.0%	15.3%	15.4%	-0.4%	0.52%
AETHER	₹19,529 cr	82.8x	8.0x	10.1%	11.4%	30.9%	+21.2%	–
ATUL	₹15,762 cr	19.8x	2.5x	11.9%	16.9%	17.9%	+7.9%	0.47%
AARTIIND	₹15,539 cr	29.3x	2.6x	9.2%	8.0%	14.9%	+7.8%	0.24%
FINEORG	₹15,328 cr	35.0x	5.8x	17.7%	21.3%	21.7%	-7.8%	0.22%
BASF	₹13,174 cr	20.5x	3.3x	16.9%	22.0%	5.9%	+3.1%	0.66%
HARDCAS	₹53 cr	10.1x	1.1x	10.9%	11.2%	54.0%	+39.5%	–

All 107 companies in Specialty Chemicals →

Business segments (2026-06-30)

Segment	Revenue	Share	EBIT	Margin
Investments	₹1 cr	44.5%	₹1 cr	94.7%
Trading	₹1 cr	31.5%	₹0 cr	26.8%
Leasing	₹1 cr	24.0%	₹0 cr	55.4%

Documents

Links go to the original files on the exchange website.

About the company


Sector	Commodities
Industry	Specialty Chemicals
Sub-industry	Specialty Chemicals
Symbol	HARDCAS
BSE code	509597
ISIN	INE722D01015
Face value	₹10.0
Incorporated	–
Website	–
Plants (India / abroad)	–

Data built 2026-10-24 from BSE company filings (inline XBRL: Integrated Filing - Finance) + BSE results summary for earlier years; price = BSE close 2026-10-26.