Hardcastle & Waud Mfg Co Ltd

Hardcast.& Waud Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Hardcastle & Waud Mfg Co Ltd

₹ 394 4.07%
30 May - close price
hawcoindia.in BSE: 509597
About

Incorporated in 1945, Hardcastle & Waud manufacturing Company's business activity currently consists of Industrial Chemicals, Investments and Leasing

Key Points

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.

Website BSE
  • Market Cap ₹ 26.8 Cr.
  • Current Price ₹ 394
  • High / Low ₹ 524 / 237
  • Stock P/E 24.4
  • Book Value ₹ 615
  • Dividend Yield 0.00 %
  • ROCE 3.17 %
  • ROE 2.68 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company is almost debt free.
  • Stock is trading at 0.64 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of -1.47% over past five years.
  • Company has a low return on equity of 2.09% over last 3 years.
  • Working capital days have increased from 599 days to 1,043 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

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
1.47 0.53 0.76 0.79 1.11 0.89 1.55 0.82 0.91 0.65 1.07 1.08 1.11
0.55 0.36 0.51 0.60 0.82 0.38 0.44 0.56 0.55 0.36 0.41 0.51 0.87
Operating Profit 0.92 0.17 0.25 0.19 0.29 0.51 1.11 0.26 0.36 0.29 0.66 0.57 0.24
OPM % 62.59% 32.08% 32.89% 24.05% 26.13% 57.30% 71.61% 31.71% 39.56% 44.62% 61.68% 52.78% 21.62%
0.03 0.03 0.04 0.05 0.01 0.07 0.02 0.04 0.07 0.05 0.04 0.05 0.05
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
Depreciation 0.11 0.10 0.11 0.13 0.13 0.15 0.15 0.14 0.15 0.15 0.16 0.16 0.17
Profit before tax 0.84 0.10 0.18 0.11 0.17 0.43 0.98 0.16 0.28 0.19 0.54 0.46 0.12
Tax % 21.43% 420.00% 38.89% 45.45% 5.88% 30.23% 29.59% 56.25% 25.00% -21.05% 25.93% 19.57% 25.00%
Net Profit 0.67 -0.32 0.12 0.06 0.16 0.30 0.69 0.06 0.22 0.23 0.41 0.37 0.09
EPS in Rs 9.86 -4.71 1.77 0.88 2.35 4.42 10.15 0.88 3.24 3.38 6.03 5.45 1.32
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
1.86 2.74 2.53 3.14 5.47 8.19 4.21 2.89 3.52 3.19 4.16 3.91
2.39 5.26 3.62 3.62 3.48 2.95 2.64 2.53 2.05 2.29 1.92 2.15
Operating Profit -0.53 -2.52 -1.09 -0.48 1.99 5.24 1.57 0.36 1.47 0.90 2.24 1.76
OPM % -28.49% -91.97% -43.08% -15.29% 36.38% 63.98% 37.29% 12.46% 41.76% 28.21% 53.85% 45.01%
0.93 1.49 0.95 1.93 0.00 0.16 0.13 0.20 0.17 0.14 0.20 0.19
Interest 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 0.23 0.26 0.28 0.32 0.33 0.36 0.39 0.38 0.40 0.47 0.59 0.65
Profit before tax 0.16 -1.43 -0.46 1.13 1.66 5.04 1.31 0.18 1.24 0.57 1.85 1.30
Tax % -6,037.50% -1.40% 54.35% -15.93% 689.76% 19.84% 16.03% 38.89% 26.61% 98.25% 31.35% 16.15%
Net Profit 9.81 -1.45 -0.21 1.30 -9.79 4.04 1.09 0.12 0.90 0.01 1.27 1.10
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 16.19
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: 4%
5 Years: -1%
3 Years: 4%
TTM: -6%
Compounded Profit Growth
10 Years: 10%
5 Years: 0%
3 Years: 7%
TTM: -13%
Stock Price CAGR
10 Years: 1%
5 Years: 3%
3 Years: 32%
1 Year: 44%
Return on Equity
10 Years: 0%
5 Years: 2%
3 Years: 2%
Last Year: 3%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
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 45.30 43.86 43.66 44.88 35.07 34.95 36.09 36.13 34.42 34.23 39.54 41.08
0.16 2.11 0.00 0.00 0.00 0.00 0.00 0.25 0.05 0.00 0.00 0.00
0.25 0.51 2.77 2.39 3.65 2.48 2.42 2.48 2.50 2.55 3.31 1.54
Total Liabilities 46.39 47.16 47.11 47.95 39.40 38.11 39.19 39.54 37.65 37.46 43.53 43.30
4.38 7.11 6.89 7.44 7.14 9.53 9.41 10.38 11.12 19.31 19.71 20.22
CWIP 0.00 0.13 0.63 0.00 0.00 0.19 0.02 0.00 0.27 0.24 0.10 0.03
Investments 10.64 7.65 6.99 24.55 25.31 19.71 20.41 19.91 16.05 13.04 13.68 19.59
31.37 32.27 32.60 15.96 6.95 8.68 9.35 9.25 10.21 4.87 10.04 3.46
Total Assets 46.39 47.16 47.11 47.95 39.40 38.11 39.19 39.54 37.65 37.46 43.53 43.30

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-17.68 -0.67 -2.23 17.25 0.58 -1.65 -0.60 0.65 0.16 1.35 3.21 -2.96
1.29 -1.38 0.13 -17.10 -0.75 1.55 0.53 -0.89 -0.25 -1.25 -3.11 3.07
16.27 1.95 0.05 0.00 0.00 0.00 0.00 0.25 -0.20 -0.05 0.00 0.00
Net Cash Flow -0.12 -0.10 -2.05 0.15 -0.18 -0.10 -0.07 0.01 -0.29 0.05 0.10 0.11

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 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 10.27
Inventory Days 0.00 0.00 0.00 1.88 0.00 0.00 2.64 9.86 131.81 0.00 0.00 0.00
Days Payable 20.70 0.00 9.86 40.56
Cash Conversion Cycle 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 10.27
Working Capital Days 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 1,042.72
ROCE % 1.94% -3.71% -0.92% 3.09% 4.08% 14.12% 3.62% 0.49% 3.43% 1.63% 4.87% 3.17%

Shareholding Pattern

Numbers in percentages

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
73.47 73.47 73.47 73.47 73.47 73.47 73.47 73.47 73.61 73.61 73.61 73.61
0.08 0.08 0.08 0.08 0.08 0.08 0.08 0.08 0.08 0.08 0.08 0.08
26.45 26.45 26.45 26.45 26.45 26.45 26.45 26.45 26.30 26.30 26.30 26.31

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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