Hardcastle & Waud Manufacturing Co Stock Price Today (NSE: HARDCAS)
Fundamental Score
Hardcastle & Waud Manufacturing Co Share Price — Live NSE/BSE Price, Fundamentals & Analysis
Hardcastle & Waud Manufacturing Co share price today is ₹810.10, up +0.01% on NSE/BSE as of 5 August 2026. Hardcastle & Waud Manufacturing Co (HARDCAS) is a Small-cap company in the Specialty Chemicals sector with a market capitalisation of ₹58.05 (Cr). The 52-week high for HARDCAS share price is ₹1048.00 and the 52-week low is ₹602.25. At a P/E ratio of 11.77x, HARDCAS is currently trading below its industry average P/E of 31.95x. The company has a Return on Equity (ROE) of 10.25% and a debt-to-equity ratio of 0.00.
Hardcastle & Waud Manufacturing Co Share Price Chart — NSE/BSE Historical Performance
Hardcastle & Waud Manufacturing Co share price chart: -2.62% return over the past month. 52-week high ₹1048.00, 52-week low ₹602.25.
Hardcastle & Waud Manufacturing Co — Last 10 Trading Days
| Date | Open | High | Low | Close | Volume |
|---|---|---|---|---|---|
| ₹803.40 | ₹845.00 | ₹803.35 | ₹810.00 | 103.00 (Cr) | |
| ₹836.05 | ₹849.95 | ₹794.15 | ₹803.35 | 207.00 (Cr) | |
| ₹849.90 | ₹849.90 | ₹835.00 | ₹835.00 | 12.00 (Cr) | |
| ₹844.95 | ₹844.95 | ₹842.10 | ₹842.35 | 5.00 (Cr) | |
| ₹833.00 | ₹852.45 | ₹803.65 | ₹824.70 | 129.00 (Cr) | |
| ₹812.05 | ₹864.90 | ₹812.05 | ₹815.70 | 64.00 (Cr) | |
| ₹815.90 | ₹842.95 | ₹804.00 | ₹826.40 | 284.00 (Cr) | |
| ₹850.00 | ₹859.90 | ₹829.00 | ₹859.90 | 70.00 (Cr) | |
| ₹850.00 | ₹863.75 | ₹850.00 | ₹858.15 | 50.00 (Cr) | |
| ₹870.00 | ₹870.00 | ₹811.30 | ₹844.25 | 76.00 (Cr) |
Hardcastle & Waud Manufacturing Co — Last 12 Months Price History
| Month | Open | High | Low | Close | Change |
|---|---|---|---|---|---|
| ₹803.40 | ₹845.00 | ₹803.35 | ₹810.00 | +0.82% | |
| ₹884.00 | ₹899.00 | ₹794.15 | ₹803.35 | -9.12% | |
| ₹807.95 | ₹890.70 | ₹718.20 | ₹860.70 | +6.53% | |
| ₹715.00 | ₹1048.00 | ₹667.10 | ₹778.35 | +8.86% | |
| ₹717.00 | ₹744.00 | ₹636.10 | ₹715.00 | -0.28% | |
| ₹664.00 | ₹733.90 | ₹602.25 | ₹662.20 | -0.27% | |
| ₹618.55 | ₹766.50 | ₹618.55 | ₹705.80 | +14.11% | |
| ₹704.20 | ₹738.00 | ₹633.00 | ₹639.05 | -9.25% | |
| ₹678.00 | ₹747.70 | ₹632.65 | ₹732.95 | +8.10% | |
| ₹750.00 | ₹776.75 | ₹645.05 | ₹699.40 | -6.75% | |
| ₹770.00 | ₹817.90 | ₹700.05 | ₹711.65 | -7.58% | |
| ₹729.00 | ₹828.95 | ₹715.05 | ₹780.00 | +7.00% |
AI Research Briefing
Powered by Gemini · 2026-04-10
An illiquid micro-cap play on the specialty chemicals theme with questionable profitability and governance.
WHAT'S HAPPENING NOW (last 2-4 weeks)
Hardcastle & Waud shifted its registered office from Kalyan, Thane to Nariman Point, Mumbai on March 18, 2026, pending shareholder and regulatory approvals. The company's board met on February 5, 2026, to review the unaudited financial results for the quarter ended December 31, 2025.
CORE STORY (THE REAL GAME)
A micro-cap play on the India specialty chemicals theme, with a legacy industrial chemicals business and some investments/leasing activity. The market is likely pricing in a turnaround or growth acceleration, given the valuation relative to its current profitability.
- India specialty chemical growth story
- Q3FY26 YoY profit growth of 227.27%
- Government initiatives for the chemical sector
- Significant order wins
- Improved profitability and cash flow
- Acquisition by a larger player
- Micro/SME cap liquidity risk
- Low ROE of 2.91%
- Nonexistent interest coverage
FII: 0.0% (Δ 0.0%), DII: 0.08% (Δ 0.0%) - Negligible institutional interest.
India's chemical production is projected to increase by 10.9% in 2026.
Free Cash Flow 5Y: ₹0.68 Cr - Poor cash conversion.
3-6 month thesis: Monitor for improved profitability and order wins. Avoid if raw material costs rise or growth stalls.
Primary Thesis Risk
Illiquidity and poor profitability can lead to significant underperformance.
For educational purposes only. Not investment advice. Consult a SEBI-registered advisor before investing.
Returns & Performance
Return on Equity (ROE)
Profit generated per ₹1 of shareholder equity
Return on Capital (ROCE)
Returns generated on total capital deployed
Oper. Profit Margin (5Y Avg)
Average operating profit margin over 5 years
Dividend Yield
Annual dividend as % of current share price
Hardcastle & Waud Manufacturing Co Valuation Check
Price to Earnings (P/E)
Share price ÷ earnings per share. Lower = cheaper
Industry Avg P/E
Average P/E of all peers in this sector
Market Capitalisation
Total market value of all outstanding shares
Growth Engine
Profit Growth (Quarterly YoY)
Net profit growth vs same quarter last year
Revenue Growth (Quarterly YoY)
Revenue growth vs same quarter last year
Revenue Growth (5-Year CAGR)
Compounded annual revenue growth over 5 years
EPS Growth (5-Year CAGR)
Earnings per share growth over 5 years
Net Profit Growth (5-Year CAGR)
Compounded annual net profit growth over 5 years
Balance Sheet Health
Debt to Equity Ratio
Total debt ÷ equity. Below 0.5 = financially healthy
Interest Coverage Ratio
EBIT ÷ interest expense. Above 2.5 = can pay interest comfortably
Free Cash Flow (5-Year Total)
Cash left after capex over 5 years. Positive = self-funded growth
Labels (e.g., "Excellent", "Good") are peer-based vs industry/sector averages — data-only, not advice
Hardcastle & Waud Manufacturing Co Fundamental Analysis & Valuation Benchmarking
Educational evaluation of HARDCAS across key market metrics for learning purposes.
Positive Indicators
10 factors identified
Strong Operating Margins (53.66%)
Observation: Healthy 5-year operating margins indicate pricing power and cost control.
Analysis: OPM >15% suggests operational efficiency and competitive advantages.
Attractive Valuation (P/E: 11.77 vs Industry: 31.95)
Observation: Trading at discount to industry peers.
Analysis: P/E below industry average may present value opportunity.
Robust Profit Growth (2177.78%)
Observation: Strong year-over-year profit expansion demonstrates business momentum.
Analysis: Profit growth >20% indicates effective execution and market opportunity capture.
Strong Revenue Growth (89.83%)
Observation: Healthy sales growth indicates market demand and execution capability.
Analysis: Revenue growth >15% suggests strong market position and growth potential.
Consistent Growth Track Record (27.17% CAGR)
Observation: Strong 5-year sales compound annual growth rate.
Analysis: Consistent sales CAGR >12% demonstrates sustainable growth model.
Excellent EPS Growth (245.60% CAGR)
Observation: Outstanding 5-year earnings per share compound growth.
Analysis: EPS CAGR >15% indicates strong wealth creation potential.
Strong Profit Growth Track Record (245.60% CAGR)
Observation: Consistent 5-year profit compound annual growth rate.
Analysis: Profit CAGR >15% demonstrates scalable business model.
Debt-Free Balance Sheet (D/E: 0.00)
Observation: Low leverage provides financial flexibility and reduced risk.
Analysis: Conservative debt structure offers resilience during economic downturns.
Balanced Promoter Holding (73.61%)
Observation: Optimal balance between promoter control and public float.
Analysis: Promoter holding in 50-75% range provides management alignment.
Zero Share Pledging Risk
Observation: No promoter shares pledged as collateral.
Analysis: Absence of share pledging eliminates potential forced-selling pressure.
Risk Factors
3 factors identified
Negative Free Cash Flow (₹-3.16 Cr over 5Y)
Observation: Cash outflows exceed inflows.
Analysis: Negative FCF requires analysis of capital expenditure cycle.
Limited Institutional Interest (FII+DII: 0.08%)
Observation: Low institutional participation may affect liquidity.
Analysis: Limited institutional interest may indicate size constraints or visibility issues.
No Dividend Distribution
Observation: Company does not currently pay dividends to shareholders.
Analysis: Zero dividend yield may indicate growth reinvestment focus or cash flow constraints.
Hardcastle & Waud Manufacturing Co vs Specialty Chemicals Peers
Peer Comparison - Specialty Chemicals
Compare Hardcastle & Waud Manufacturing Co with 10 other companies in the same sector
| Company Info | Fundamental | Valuation | Profitability | Financial Health | Growth | Dividend | ||||
|---|---|---|---|---|---|---|---|---|---|---|
Company Company name | Score Bull Run comprehensive fundamental score based on 20+ metrics | Price Current trading price of the stock | Market Cap Total value of all shares in the market | P/E Price per share divided by earnings per share | ROE Net income divided by shareholder equity | ROCE Earnings before interest and tax divided by capital employed | Debt/Eq Total debt divided by total equity | Profit 5Y Average annual profit growth over 5 years | Sales 5Y Average annual sales growth over 5 years | Dividend Annual dividend per share divided by price per share |
Hardcastle & Waud Manufacturing CoHardcastle & Wa...Selected✓ HARDCAS • 509597 | 74.1/100 | ₹810.10₹810 | ₹58.05₹58.05 | 11.77Average 11.8 Average | 10.25%Average 10.25% Average | 11.24%Average 11.24% Average | 0.00Excellent 0.0 Excellent | 245.60%Excellent 245.60% Excellent | 27.17%Excellent 27.17% Excellent | 0.00% |
Pidilite Industries LimitedPidilite Indust... PIDILITIND • 500331 | 65.3/100 | ₹1611.40₹1611 | ₹159989.82₹159989.82 | 64.97Average 65.0 Average | 23.92%Excellent 23.92% Excellent | 31.02%Excellent 31.02% Excellent | 0.04Excellent 0.0 Excellent | 16.69%Excellent 16.69% Excellent | 14.89%Good 14.89% Good | 0.73% |
Gujarat Fluorochemicals LtdGujarat Fluoroc... FLUOROCHEM • 542812 | 42.9/100 | ₹4366.80₹4367 | ₹45440.05₹45440.05 | 77.27Average 77.3 Average | 7.78%Poor 7.78% Poor | 9.86%Poor 9.86% Poor | 0.29Excellent 0.3 Excellent | 36.34%Excellent 36.34% Excellent | 13.52%Good 13.52% Good | 0.07% |
Navin Fluorine International LtdNavin Fluorine ... NAVINFLUOR • 532504 | 62.7/100 | ₹7567.50₹7568 | ₹39027.62₹39027.62 | 58.37Average 58.4 Average | 20.26%Excellent 20.26% Excellent | 21.37%Excellent 21.37% Excellent | 0.32Excellent 0.3 Excellent | 22.16%Excellent 22.16% Excellent | 22.95%Excellent 22.95% Excellent | 0.20% |
Deepak Nitrite LtdDeepak Nitrite ... DEEPAKNTR • 506401 | 32.8/100 | ₹1662.20₹1662 | ₹23159.08₹23159.08 | 41.37Average 41.4 Average | 9.97%Poor 9.97% Poor | 11.49%Average 11.49% Average | 0.28Excellent 0.3 Excellent | -6.33%Poor -6.33% Poor | 12.59%Good 12.59% Good | 0.44% |
Aether Industries LtdAether Industri... AETHER • 543534 | 36.3/100 | ₹1539.60₹1540 | ₹19624.13₹19624.13 | 86.74Average 86.7 Average | 9.66%Poor 9.66% Poor | 11.92%Average 11.92% Average | 0.19Excellent 0.2 Excellent | — — | — — | 0.00% |
Aarti Industries LtdAarti Industrie... AARTIIND • 524208 | 38.7/100 | ₹489.10₹489 | ₹18171.13₹18171.13 | 44.10Average 44.1 Average | 7.13%Poor 7.13% Poor | 6.85%Poor 6.85% Poor | 0.83Good 0.8 Good | -4.67%Poor -4.67% Poor | 12.96%Good 12.96% Good | 0.20% |
Atul LtdAtul Ltd... ATUL • 500027 | 58.2/100 | ₹6736.50₹6737 | ₹18051.49₹18051.49 | 26.58Average 26.6 Average | 11.49%Average 11.49% Average | 14.90%Average 14.90% Average | 0.03Excellent 0.0 Excellent | 1.26%Average 1.26% Average | 10.95%Good 10.95% Good | 0.49% |
BASF India LtdBASF India Ltd... BASF • 500042 | 52.2/100 | ₹3633.80₹3634 | ₹16002.35₹16002.35 | 38.38Average 38.4 Average | 10.92%Average 10.92% Average | 14.68%Average 14.68% Average | 0.03Excellent 0.0 Excellent | 7.67%Good 7.67% Good | 9.41%Good 9.41% Good | 0.68% |
Fine Organic Industries LtdFine Organic In... FINEORG • 541557 | 62.09999999999999/100 | ₹4816.50₹4817 | ₹15713.17₹15713.17 | 38.15Average 38.1 Average | 16.61%Good 16.61% Good | 21.47%Excellent 21.47% Excellent | 0.03Excellent 0.0 Excellent | 27.91%Excellent 27.91% Excellent | 15.86%Excellent 15.86% Excellent | 0.21% |
Anupam Rasayan India LtdAnupam Rasayan ... ANURAS • 543275 | 33.3/100 | ₹1207.80₹1208 | ₹14449.70₹14449.70 | 84.94Average 84.9 Average | 5.50%Poor 5.50% Poor | 7.36%Poor 7.36% Poor | 0.56Good 0.6 Good | 19.29%Excellent 19.29% Excellent | 23.88%Excellent 23.88% Excellent | 0.06% |
Top Specialty Chemicals Stocks
View all →By Bull Run Score
By Return on Equity
By Market Cap
- Pidilite Industries Limited share price159989.82 Cr
- Gujarat Fluorochemicals Ltd share price45440.05 Cr
- Navin Fluorine International Ltd share price39027.62 Cr
- Deepak Nitrite Ltd share price23159.08 Cr
- Aether Industries Ltd share price19624.13 Cr
Hardcastle & Waud Manufacturing Co Quarterly Performance
Latest quarterly metrics for HARDCAS — revenue growth and profit growth vs same quarter last year
Revenue Growth (YoY)
89.83%
Latest quarter vs same quarter previous year
Net Profit Growth (YoY)
2177.78%
Latest quarter net profit vs same quarter previous year
5-Year Revenue CAGR
27.17%
Compounded annual revenue growth over 5 years
5-Year Profit CAGR
245.60%
Compounded annual net profit growth over 5 years
Hardcastle & Waud Manufacturing Co Technical Indicators
SMA 50, SMA 200, RSI and volume signals for HARDCAS — calculated from daily price history
Momentum is balanced — neither overbought nor oversold.
Technical indicators are for educational purposes only. Not investment advice.
Hardcastle & Waud Manufacturing Co Financial Statements
Annual income statement, balance sheet and cash flow for Hardcastle & Waud Manufacturing Co (HARDCAS) — sourced from NSE/BSE filings.
Loading Financial Statements...
Fetching financial data for Hardcastle & Waud Manufacturing Co
About HARDCAS (Hardcastle & Waud Manufacturing Co)
Hardcastle & Waud Manufacturing Co. is a multifaceted specialty chemicals enterprise rooted in the industrial landscape of India. From its base in Mumbai, the company orchestrates ...a symphony of chemical processes, crafting a diverse portfolio of specialized chemical solutions. These tailored chemical formulations find applications across a spectrum of industries, from manufacturing and construction to pharmaceuticals and agriculture. With a commitment to innovation and quality, Hardcastle & Waud has carved a niche as a reliable provider of essential chemical building blocks, supporting the growth and efficiency of its clientele. Their approach emphasizes both product development and customer support, ensuring their chemical offerings are always aligned with the dynamic needs of the Indian market. The company's operations extend beyond simple chemical production, embodying a broader vision of industrial engagement. Hardcastle & Waud strategically invests in ventures that complement its chemical manufacturing core, strengthening its market presence and diversification. These strategic investment initiatives are carefully designed to build a resilient and adaptable business, while also offering a hedge against market fluctuations. The pursuit of growth extends to property leasing, offering an alternative revenue stream that utilizes assets and expands the company's sphere of influence. This multifaceted approach allows Hardcastle & Waud to engage various sectors of the Indian economy, positioning them as a significant player in the industrial ecosystem. Founded in 1945, Hardcastle & Waud has evolved alongside India's industrial revolution, demonstrating a remarkable capacity for adaptation and sustained success. The company's enduring presence is a testament to its commitment to quality, customer satisfaction, and strategic foresight. With deep roots in the Indian market, Hardcastle & Waud is positioned to continue to make meaningful contributions to the country's industrial growth story. The company's long-standing heritage forms a strong foundation from which to explore new opportunities and advance its role as a significant supplier of specialty chemicals, investment, and leasing activities.
Company Details
Key Leadership
Latest News
HARDCAS Share Price: Frequently Asked Questions
What is the current share price of Hardcastle & Waud Manufacturing Co?
Hardcastle & Waud Manufacturing Co (HARDCAS) trades at ₹810.10 on NSE and BSE. Market cap ₹58.05 (Cr). Educational data only.
What is the P/E ratio of Hardcastle & Waud Manufacturing Co?
Hardcastle & Waud Manufacturing Co has a P/E of 11.77x vs industry average 31.95x.
What is the Bull Run score for Hardcastle & Waud Manufacturing Co?
Hardcastle & Waud Manufacturing Co has a Bull Run score of 74.1/100 based on 25+ financial parameters.
Does Hardcastle & Waud Manufacturing Co pay dividends?
Hardcastle & Waud Manufacturing Co has a dividend yield of 0.00%. Past dividends don't guarantee future payments.
What is the ROE of Hardcastle & Waud Manufacturing Co?
Hardcastle & Waud Manufacturing Co has ROE of 10.25%. Higher ROE indicates better use of shareholder equity.
What is the debt-to-equity ratio of Hardcastle & Waud Manufacturing Co?
Hardcastle & Waud Manufacturing Co has debt-to-equity of 0.00.
Is Hardcastle & Waud Manufacturing Co a good investment?
Bull Run gives Hardcastle & Waud Manufacturing Co a score of 74.1/100. This is not investment advice — consult a SEBI-registered advisor.