Hardcastle & Waud Mfg Co Ltd
₹ 456
-0.33%
25 Jan
- close price
About
Incorporated in 1945, Hardcastle & Waud manufacturing Company's business activity currently consists of Industrial Chemicals, Investments and Leasing
Key Points
- Market Cap ₹ 31.0 Cr.
- Current Price ₹ 456
- High / Low ₹ 524 / 233
- Stock P/E 33.7
- Book Value ₹ 606
- Dividend Yield 0.00 %
- ROCE 4.87 %
- ROE 3.35 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is trading at 0.75 times its book value
- Debtor days have improved from 40.7 to 21.9 days.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of -12.7% over past five years.
- Company has a low return on equity of 2.00% over last 3 years.
- Working capital days have increased from 199 days to 618 days
* 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.
Peer comparison
Sector: Miscellaneous Industry: Miscellaneous
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Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
4.39 | 1.86 | 2.74 | 2.53 | 3.14 | 5.47 | 8.19 | 4.21 | 2.89 | 3.52 | 3.19 | 4.16 | 3.45 | |
4.98 | 2.39 | 5.26 | 3.62 | 3.62 | 3.48 | 2.95 | 2.64 | 2.53 | 2.05 | 2.29 | 1.92 | 1.88 | |
Operating Profit | -0.59 | -0.53 | -2.52 | -1.09 | -0.48 | 1.99 | 5.24 | 1.57 | 0.36 | 1.47 | 0.90 | 2.24 | 1.57 |
OPM % | -13.44% | -28.49% | -91.97% | -43.08% | -15.29% | 36.38% | 63.98% | 37.29% | 12.46% | 41.76% | 28.21% | 53.85% | 45.51% |
2.45 | 0.93 | 1.49 | 0.95 | 1.93 | 0.00 | 0.16 | 0.13 | 0.20 | 0.17 | 0.14 | 0.20 | 0.20 | |
Interest | 0.03 | 0.01 | 0.14 | 0.04 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Depreciation | 0.59 | 0.23 | 0.26 | 0.28 | 0.32 | 0.33 | 0.36 | 0.39 | 0.38 | 0.40 | 0.47 | 0.59 | 0.60 |
Profit before tax | 1.24 | 0.16 | -1.43 | -0.46 | 1.13 | 1.66 | 5.04 | 1.31 | 0.18 | 1.24 | 0.57 | 1.85 | 1.17 |
Tax % | -1.61% | -6,037.50% | -1.40% | 54.35% | -15.93% | 689.76% | 19.84% | 16.03% | 38.89% | 26.61% | 98.25% | 31.35% | |
Net Profit | 1.26 | 9.81 | -1.45 | -0.21 | 1.30 | -9.79 | 4.04 | 1.09 | 0.12 | 0.90 | 0.01 | 1.27 | 0.92 |
EPS in Rs | 144.37 | -21.34 | -3.09 | 19.13 | -144.08 | 59.46 | 16.04 | 1.77 | 13.25 | 0.15 | 18.69 | 13.53 | |
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% |
Compounded Sales Growth | |
---|---|
10 Years: | 8% |
5 Years: | -13% |
3 Years: | 13% |
TTM: | -21% |
Compounded Profit Growth | |
---|---|
10 Years: | -18% |
5 Years: | -21% |
3 Years: | 119% |
TTM: | -24% |
Stock Price CAGR | |
---|---|
10 Years: | 2% |
5 Years: | 1% |
3 Years: | 34% |
1 Year: | 36% |
Return on Equity | |
---|---|
10 Years: | -1% |
5 Years: | 2% |
3 Years: | 2% |
Last Year: | 3% |
Balance Sheet
Figures in Rs. Crores
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Sep 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
0.61 | 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 | 27.99 | 45.30 | 43.86 | 43.66 | 44.88 | 35.07 | 34.95 | 36.09 | 36.13 | 34.42 | 34.23 | 39.54 | 40.52 |
0.33 | 0.16 | 2.11 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.25 | 0.05 | 0.00 | 0.00 | 0.00 | |
8.05 | 0.25 | 0.51 | 2.77 | 2.39 | 3.65 | 2.48 | 2.42 | 2.48 | 2.50 | 2.55 | 3.31 | 3.61 | |
Total Liabilities | 36.98 | 46.39 | 47.16 | 47.11 | 47.95 | 39.40 | 38.11 | 39.19 | 39.54 | 37.65 | 37.46 | 43.53 | 44.81 |
4.59 | 4.38 | 7.11 | 6.89 | 7.44 | 7.14 | 9.53 | 9.41 | 10.38 | 11.12 | 19.31 | 19.71 | 19.76 | |
CWIP | 0.00 | 0.00 | 0.13 | 0.63 | 0.00 | 0.00 | 0.19 | 0.02 | 0.00 | 0.27 | 0.24 | 0.10 | 0.70 |
Investments | 12.40 | 10.64 | 7.65 | 6.99 | 24.55 | 25.31 | 19.71 | 20.41 | 19.91 | 16.05 | 13.04 | 13.68 | 23.22 |
19.99 | 31.37 | 32.27 | 32.60 | 15.96 | 6.95 | 8.68 | 9.35 | 9.25 | 10.21 | 4.87 | 10.04 | 1.13 | |
Total Assets | 36.98 | 46.39 | 47.16 | 47.11 | 47.95 | 39.40 | 38.11 | 39.19 | 39.54 | 37.65 | 37.46 | 43.53 | 44.81 |
Cash Flows
Figures in Rs. Crores
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2.53 | -17.68 | -0.67 | -2.23 | 17.25 | 0.58 | -1.65 | -0.60 | 0.65 | 0.16 | 1.35 | 3.21 | |
2.08 | 1.29 | -1.38 | 0.13 | -17.10 | -0.75 | 1.55 | 0.53 | -0.89 | -0.25 | -1.25 | -3.11 | |
-8.85 | 16.27 | 1.95 | 0.05 | 0.00 | 0.00 | 0.00 | 0.00 | 0.25 | -0.20 | -0.05 | 0.00 | |
Net Cash Flow | -4.24 | -0.12 | -0.10 | -2.05 | 0.15 | -0.18 | -0.10 | -0.07 | 0.01 | -0.29 | 0.05 | 0.10 |
Ratios
Figures in Rs. Crores
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 16.63 | 3,610.75 | 2,444.43 | 2,520.38 | 49.98 | 28.03 | 15.60 | 29.48 | 45.47 | 26.96 | 73.23 | 21.94 |
Inventory Days | 1.25 | 0.00 | 0.00 | 0.00 | 1.88 | 0.00 | 0.00 | 2.64 | 9.86 | 131.81 | 0.00 | 0.00 |
Days Payable | 41.25 | 20.70 | 0.00 | 9.86 | 40.56 | |||||||
Cash Conversion Cycle | -23.37 | 3,610.75 | 2,444.43 | 2,520.38 | 31.17 | 28.03 | 15.60 | 32.12 | 45.47 | 118.21 | 73.23 | 21.94 |
Working Capital Days | 747.46 | 3,718.68 | 2,489.73 | 2,246.26 | -211.56 | -123.45 | -82.45 | -156.06 | -260.17 | -157.61 | 136.16 | 617.69 |
ROCE % | 2.47% | 1.94% | -3.71% | -0.92% | 3.09% | 4.08% | 14.12% | 3.62% | 0.49% | 3.43% | 1.63% | 4.87% |
Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
17 Jan - Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended December 31, 2022
- Closure of Trading Window 31 Dec
- Clarification In Price Movement Of The Company'S Security 20 Dec 2022
-
Clarification sought from Hardcastle & Waud Manufacturing Company Ltd
20 Dec 2022 - Exchange has sought clarification from Hardcastle & Waud Manufacturing Company Ltd on December 19, 2022 with reference to significant movement in price, in order to …
-
Announcement under Regulation 30 (LODR)-Meeting Updates
12 Nov 2022 - Update with regards to Outcome of Board Meeting dated 10.11.2022
Annual reports
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Financial Year 2022
from bse
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
from bse
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
from bse
Business Overview:[1]
Hardcastle & Waud Manufacturing Company manufactures powder paints used in powder coatings (mainly for consumer durables like washing machines) varnishes and synthetic resins.
The company was appointed by WD-40-Company US to exclusively market its products in India. It signed a joint venture agreement with Soudal Belgium to manufacture various types of adhesives sealants and roofing compounds.