Past 10 year’s financial track record analysis by Moneyworks4me indicates that Hardcastle & Waud Manufacturing Company Ltd is a below average quality company.
The key valuation ratios of Hardcastle & Waud Manufacturing Company Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Hardcastle & Waud Manufacturing Company Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 2.5% | 4.1% | 14.1% | 3.6% | 0.5% | 3.4% | 1.6% | 4.9% | 3.2% | 7% | - |
| Value Creation Index ⓘ | -0.8 | -0.7 | 0.0 | -0.7 | -1.0 | -0.8 | -0.9 | -0.7 | -0.8 | -0.5 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 3.7 | 7 | 8.2 | 4.2 | 2.9 | 3.5 | 3.2 | 4.2 | 3.9 | 5.4 | 6 |
| Sales YoY Gr. | - | 92.4% | 16.8% | -48.8% | -31.4% | 21.8% | -9.4% | 30.4% | -6% | 38.4% | - |
| Adj EPS ⓘ | 13.3 | -134.7 | 59.4 | 16.1 | 1.8 | 13.3 | 0.1 | 18.5 | 16 | 38 | 28 |
| YoY Gr. | - | -1112.1% | NA | -73% | -89% | 653.4% | -98.9% | 13135.7% | -13.7% | 137.3% | - |
| BVPS (₹) ⓘ | 670.2 | 526.1 | 524.4 | 541.2 | 541.7 | 516.5 | 513.7 | 591.8 | 614.6 | 654.5 | 662.5 |
| Adj Net Profit ⓘ | 0.9 | -9.2 | 4 | 1.1 | 0.1 | 0.9 | 0 | 1.3 | 1.1 | 2.6 | 2 |
| Cash Flow from Ops. ⓘ | 17.3 | 0.6 | -1.7 | -0.6 | 0.7 | 0.2 | 1.4 | 3.2 | -3 | 3.1 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | 0 | 0 | 0.4 | 0.3 | 0 | 0 | 0 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 4.4% | 13.4% | 19.3% | 38.4% | ||||
| Adj EPS ⓘ | 12.4% | 84.8% | 547.2% | 137.3% | ||||
| BVPSⓘ | -0.3% | 3.9% | 8.4% | 6.5% | ||||
| Share Price | 9.1% | 40.4% | 42.8% | 55.5% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 2 | -22.5 | 11.3 | 3 | 0.3 | 2.5 | 0 | 3.4 | 2.7 | 6 | 4.3 |
| Op. Profit Mgn % ⓘ | -13 | 41.3 | 63.7 | 37.2 | 12.8 | 41.9 | 28.3 | 53.6 | 45.1 | 60.2 | 64.5 |
| Net Profit Mgn % ⓘ | 24.7 | -130.1 | 49.1 | 25.9 | 4.2 | 25.6 | 0.3 | 30.3 | 27.8 | 47.6 | 33.8 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Working Cap Days ⓘ | 1,389 | 310 | 325 | 733 | 1,107 | 926 | 754 | 603 | 595 | 127 | 231 |
| Cash Conv. Cycle ⓘ | 872 | 1 | -10 | 25 | 45 | 39 | 49 | 18 | 0 | -7 | 199 |
Return on Equity has increased versus last 3 years average to 4.30%
Sales growth is growing at healthy rate in last 3 years 19.25%
Net Profit is growing at healthy rate in last 3 years 547.18%
Sales growth is good in last 4 quarters at 21.66%
No data to display
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 28 | - |
| TTM Sales (₹ Cr.) | 5.6 | - |
| BVPS (₹.) ⓘ | 662.5 | - |
| Reserves (₹ Cr.) ⓘ | 44 | - |
| P/BV ⓘ | 1.30 | - |
| PE ⓘ | 30.70 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 442.00 / 1354.75 |
| All Time Low / High (₹) | 1.00 / 1387.00 |
| Market Cap (₹ Cr.) | 58.4 |
| Equity (₹ Cr.) | 0.7 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 55.9 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3.66 | 7.04 | 8.22 | 4.21 | 2.89 | 3.52 | 3.19 | 4.16 | 3.91 | 5.41 |
| Operating Expenses ⓘ | 4.53 | 5.05 | 2.98 | 2.64 | 2.52 | 2.04 | 2.29 | 1.93 | 2.15 | 2.16 |
| Manufacturing Costs | 0.29 | 0.38 | 0.19 | 0.09 | 0.09 | 0.19 | 0.19 | 0.16 | 0.20 | 0.18 |
| Material Costs | 1.95 | 1.66 | 1.55 | 1.38 | 1.11 | 0.71 | 0.98 | 0.58 | 0.40 | 0.45 |
| Employee Cost | 0.60 | 0.66 | 0.46 | 0.52 | 0.64 | 0.61 | 0.70 | 0.65 | 0.60 | 0.63 |
| Other Costs ⓘ | 1.69 | 2.34 | 0.78 | 0.67 | 0.68 | 0.53 | 0.42 | 0.54 | 0.94 | 0.90 |
| Operating Profit ⓘ | -0.87 | 1.99 | 5.24 | 1.57 | 0.37 | 1.48 | 0.90 | 2.23 | 1.76 | 3.26 |
| Operating Profit Margin (%) | -23.7% | 28.3% | 63.7% | 37.2% | 12.8% | 41.9% | 28.3% | 53.6% | 45.1% | 60.2% |
| Other Income ⓘ | 2.32 | 0 | 0.16 | 0.13 | 0.20 | 0.17 | 0.14 | 0.20 | 0.19 | 0.44 |
| Interest ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation ⓘ | 0.32 | 0.33 | 0.36 | 0.39 | 0.38 | 0.40 | 0.47 | 0.59 | 0.65 | 0.67 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 1.12 | 1.66 | 5.04 | 1.30 | 0.19 | 1.24 | 0.56 | 1.85 | 1.31 | 3.02 |
| Tax ⓘ | -0.18 | 11.45 | 1 | 0.21 | 0.07 | 0.34 | 0.55 | 0.58 | 0.21 | 0.44 |
| Profit After Tax | 1.30 | -9.79 | 4.04 | 1.09 | 0.12 | 0.90 | 0.01 | 1.27 | 1.10 | 2.58 |
| PAT Margin (%) | 35.6% | -139.0% | 49.1% | 25.9% | 4.2% | 25.6% | 0.3% | 30.6% | 28.0% | 47.6% |
| Adjusted EPS (₹) | 19.2 | -144.0 | 59.4 | 16.1 | 1.8 | 13.3 | 0.1 | 18.7 | 16.1 | 37.9 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 45.56 | 35.75 | 35.63 | 36.77 | 36.81 | 35.10 | 34.91 | 40.22 | 41.76 | 44.48 |
| Share Capital ⓘ | 0.68 | 0.68 | 0.68 | 0.68 | 0.68 | 0.68 | 0.68 | 0.68 | 0.68 | 0.68 |
| Reserves ⓘ | 44.88 | 35.07 | 34.95 | 36.09 | 36.13 | 34.42 | 34.23 | 39.54 | 41.08 | 43.80 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 0 | 0 | 0 | 0 | 0.25 | 0.05 | 0 | 0 | 0 | 0 |
| Long Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short Term Debt | 0 | 0 | 0 | 0 | 0.25 | 0.05 | 0 | 0 | 0 | 0 |
| Trade Payables | 0.11 | 0.33 | 0.07 | 0 | 0.03 | 0.08 | 0.13 | 0.11 | 0.07 | 0.04 |
| Others Liabilities ⓘ | -7.65 | 3.33 | 2.16 | 2.20 | 2.23 | 1.50 | 1.75 | 3.21 | 1.47 | 1.40 |
| Total Liabilities ⓘ | 38.03 | 39.40 | 37.87 | 38.97 | 39.32 | 36.72 | 36.78 | 43.53 | 43.30 | 45.92 |
Fixed Assets | ||||||||||
| Gross Block | 11.79 | 10.99 | 2.91 | 3.19 | 4.52 | 12.53 | 5.52 | 6.32 | 7.37 | 7.47 |
| Accumulated Depreciation | 4.35 | 3.84 | 0.24 | 0.51 | 0.75 | 1.40 | 1.31 | 1.45 | 1.74 | 2.15 |
| Net Fixed Assetsⓘ | 7.44 | 7.14 | 2.68 | 2.68 | 3.77 | 11.12 | 4.21 | 4.86 | 5.63 | 5.33 |
| CWIP ⓘ | 0 | 0 | 0.19 | 0.02 | 0 | 0.27 | 0.24 | 0.10 | 0.03 | 0.47 |
| Investmentsⓘ | 24.55 | 25.31 | 26.56 | 27.14 | 26.52 | 16.05 | 13.04 | 13.68 | 19.59 | 23.06 |
| Inventories | 0.01 | 0 | 0 | 0.01 | 0.03 | 0.26 | 0 | 0 | 0 | 0 |
| Trade Receivables | 0.43 | 0.42 | 0.35 | 0.34 | 0.36 | 0.26 | 0.64 | 0.25 | 0.11 | 0 |
| Cash Equivalents | 0.61 | 0.44 | 0.33 | 0.33 | 0.34 | 0.12 | 0.17 | 0.31 | 0.45 | 1.99 |
| Others Assetsⓘ | 4.99 | 6.09 | 7.76 | 8.45 | 8.31 | 8.64 | 18.49 | 24.32 | 17.49 | 15.07 |
| Total Assets ⓘ | 38.03 | 39.40 | 37.87 | 38.97 | 39.32 | 36.72 | 36.78 | 43.53 | 43.30 | 45.92 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 17.25 | 0.58 | -1.65 | -0.60 | 0.65 | 0.16 | 1.35 | 3.21 | -2.96 | 3.08 |
| PBT ⓘ | 1.01 | 1.66 | 5.04 | 1.30 | 0.19 | 1.24 | 0.56 | 1.85 | 1.31 | 3.02 |
| Adjustment ⓘ | -0.36 | 0.28 | -4.75 | -0.89 | 0.23 | -0.52 | 0.43 | -0.81 | -0.57 | -1.84 |
| Changes in Working Capital ⓘ | 16.71 | -1.15 | -1.94 | -0.73 | 0.08 | -0.58 | 0.38 | 2.63 | -3.33 | 2.31 |
| Tax Paid ⓘ | -0.11 | -0.21 | 0 | -0.28 | 0.15 | 0.02 | -0.02 | -0.46 | -0.37 | -0.41 |
| Cash Flow From Investing Activity ⓘ | -17.10 | -0.75 | 1.55 | 0.53 | -0.89 | -0.25 | -1.25 | -3.11 | 3.07 | -1.55 |
| Capex | -0.30 | -0.04 | -0.90 | -0.11 | -1.31 | -0.60 | -0.85 | -0.83 | -1.07 | -0.55 |
| Net Investments | -17 | -0.72 | 2.42 | 0.62 | 0.41 | 0.34 | -0.41 | 5.21 | -5.10 | -1.44 |
| Others ⓘ | 0.20 | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 | 0.02 | -7.48 | 9.24 | 0.45 |
| Cash Flow From Financing Activityⓘ | 0 | 0 | 0 | 0 | 0.25 | -0.20 | -0.05 | 0 | 0 | 0 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0.25 | -0.20 | -0.05 | 0 | 0 | 0 |
| Net Cash Flow ⓘ | 0.15 | -0.18 | -0.10 | -0.07 | 0.01 | -0.29 | 0.05 | 0.10 | 0.11 | 1.54 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 2.9 | -24.1 | 11.31 | 3.01 | 0.33 | 2.51 | 0.03 | 3.39 | 2.67 | 5.98 |
| ROCE (%) | 2.51 | 4.09 | 14.11 | 3.6 | 0.52 | 3.43 | 1.61 | 4.92 | 3.18 | 7 |
| Asset Turnover Ratio | 0.1 | 0.18 | 0.21 | 0.11 | 0.07 | 0.09 | 0.09 | 0.1 | 0.09 | 0.12 |
| PAT to CFO Conversion(x) | 13.27 | N/A | -0.41 | -0.55 | 5.42 | 0.18 | 135 | 2.53 | -2.69 | 1.19 | Working Capital Days |
| Receivable Days | 893 | 22 | 17 | 30 | 45 | 32 | 51 | 39 | 17 | 0 |
| Inventory Days | 1 | 0 | 0 | 1 | 3 | 15 | 0 | 0 | 0 | 0 |
| Payable Days | 41 | 48 | 47 | 0 | 10 | 27 | 37 | 74 | 80 | 47 |
Hardcastle & Waud Manufacturing Company Ltd.( Hawco) is a public limited company incorporated on October 15,1945 under the Indian Companies Act, 1913. Its registered office is at Netivli Baug, Kalyan Thane District, Maharashtra. Hawco is a multi-product company engaged in manufacturing and/or marketing of insulating varnishes, synthetic resins, pre-colour coated steel coils and profiles, sealants and maintenance products and metal processing chemicals. It has a factory at Kalyan and regional offices in all four metro cities. The shares of the company are listed at the Stock Exchange, Mumbai.
Decades earlier, in mid- twenties of the twentieth century, an honest business firm busied itself importing paints, industrial oils, heat treatment chemicals and metal processing chemicals from reputed companies in UK, USA, Germany and Austria.
Specialty products were manufactured for metal working industries, synthetic resins for printing and like industries, insulating varnishes for the electrical industry, compressed asbestos jointing’s for engineering and other industries as also industrial laminator and protective paints.
The company grew from strength to strength, always maintaining its commitment to consistent expansion, diversification and growth.
HAWCO’s products aid in the revolutionising of India’s Industrial, Construction, Automobiles, Electronics and Hardware sectors. This is an on-going task, which will continue with earnest into this millennium. Research facilities at Kalyan and Sarigam will work overtime, readying HAWCO to fully utilise the attractive opportunities presented by the open market scenario. HAWCO is busying itself today working towards shaping a far more successful tomorrow.
Product range of the company includes:
Sealants & Maintenance Division
Synthetic Resins Division
Metal Processing Division
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
Make an informed decision for Stocks
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
Download APP
