Hardcastle & Waud Mfg Co quarterly results and financials

Hardcastle & Waud Mfg Co (BSE 509597)₹839.50−0.52%(9 Nov 2026 close)Specialty Chemicals

Key facts

In the Mar 2026 quarter (standalone), Hardcastle & Waud Mfg Co reported sales of ₹3.35 Cr, up 90.3% from Mar 2025, and net profit of ₹2.06 Cr, up 1,960.0% year on year. For the year to Mar 2026, sales were ₹10.58 Cr and net profit ₹4.95 Cr.

Sales (Mar 2026): ₹3.35 Cr
Net profit (Mar 2026): ₹2.06 Cr
Sales (FY Mar 2026): ₹10.58 Cr
Net profit (FY Mar 2026): ₹4.95 Cr
EPS (Mar 2026): ₹30.08
Borrowings (Mar 2026): ₹0 Cr

Company filings, standalone accounts; latest reported quarter Mar 2026

Hardcastle & Waud Mfg Co quarterly results

₹ crore unless stated; each column is a quarter.

Hardcastle & Waud Mfg Co Quarterly results
	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales	1.14	1.35	1.60	1.28	1.58	1.12	1.38	1.76	1.93	2.37	2.92	3.35
Expenses	0.53	0.67	0.51	0.41	0.46	0.57	0.43	1.31	0.82	1.56	0.97	1.54
Operating Profit	0.60	0.67	1.08	0.86	1.11	0.54	0.94	0.44	1.10	0.80	1.94	1.80
OPM %	53.1%	50.1%	67.8%	67.5%	70.5%	48.7%	68.4%	25.5%	57.3%	34.1%	66.6%	53.9%
Other Income	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.11	0.11	0.12	0.12
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
Depreciation	0.16	0.16	0.15	0.15	0.16	0.17	0.18	0.18	0.18	0.19	0.19	0.19
Profit before tax	0.54	0.61	1.03	0.81	1.05	0.47	0.86	0.36	1.05	0.72	1.87	1.73
Tax %	−5.5%	−11.3%	26.0%	32.9%	−6.6%	214.6%	29.9%	75.7%	25.9%	2.8%	25.0%	−17.3%
Net Profit	0.59	0.70	0.78	0.56	1.15	−0.56	0.62	0.10	0.78	0.71	1.42	2.06
EPS (Rs)	8.51	10.11	11.30	8.06	16.71	−8.06	8.94	1.31	11.29	10.26	20.67	30.08

Hardcastle & Waud Mfg Co profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

Hardcastle & Waud Mfg Co Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	5.46	8.18	4.20	2.88	3.51	3.18	4.15	3.90	5.42	5.90	10.58	10.57
Expenses	3.47	2.94	2.63	2.52	2.04	2.28	1.91	2.14	2.15	2.76	4.90	4.89
Operating Profit	1.98	5.22	1.56	0.35	1.46	0.89	2.23	1.75	3.26	3.13	5.68	5.64
OPM %	36.5%	64.1%	37.3%	12.6%	41.8%	28.3%	53.9%	45.1%	60.3%	53.2%	53.8%	53.4%
Other Income	0.00	0.15	0.12	0.19	0.16	0.13	0.19	0.18	0.41	0.36	0.48	0.46
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
Depreciation	0.32	0.35	0.38	0.37	0.39	0.46	0.58	0.64	0.66	0.71	0.77	0.75
Profit before tax	1.65	5.03	1.30	0.17	1.23	0.56	1.84	1.29	3.01	2.78	5.40	5.37
Tax %	689.8%	19.9%	16.0%	38.9%	26.6%	98.3%	31.4%	16.1%	14.6%	53.4%	8.7%	—
Exceptional items	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—
Net Profit	−9.82	4.06	1.10	0.13	0.91	0.02	1.28	1.11	2.59	1.30	4.95	4.97
EPS (Rs)	−143.50	59.30	15.97	1.76	13.20	0.14	18.63	16.12	37.81	18.91	72.34	72.30
Dividend payout %	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—

Hardcastle & Waud Mfg Co balance sheet

₹ crore, at each year end.

Hardcastle & Waud Mfg Co Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	0.68	0.67	0.67	0.67	0.68	0.67	0.67	0.67	0.67	0.67	0.67	0.67
Reserves	44.94	35.09	34.96	36.09	36.14	34.39	34.18	39.50	41.02	43.76	44.79	50.03
Borrowings	0.00	0.00	0.00	0.00	0.26	0.06	0.00	0.00	0.00	0.00	0.00	0.00
Other Liabilities	2.40	3.67	2.50	2.44	2.49	2.52	2.57	3.33	1.56	1.45	3.17	3.26
Total Liabilities	48.02	39.43	38.13	39.20	39.57	37.64	37.42	43.50	43.25	45.88	48.63	53.96
Fixed Assets	7.41	7.12	9.50	9.39	10.34	11.09	19.24	19.64	20.14	19.59	20.45	20.19
CWIP	0.00	0.00	0.18	0.01	0.00	0.26	0.23	0.09	0.02	0.46	0.21	0.25
Investments	24.59	25.33	19.74	20.43	19.94	16.06	13.06	13.70	19.61	23.08	26.48	27.27
Other Assets	16.02	6.98	8.71	9.37	9.29	10.23	4.89	10.07	3.48	2.75	1.49	6.25
Inventories	0.02	0.00	0.00	0.02	0.04	0.27	0.00	0.00	0.00	0.00	0.00	0.00
Trade receivables	0.42	0.41	0.34	0.33	0.35	0.25	0.63	0.24	0.10	0.00	0.60	0.28
Cash & equivalents	0.62	0.45	0.34	0.34	0.35	0.13	0.18	0.32	0.46	2.00	0.29	0.97
Total Assets	48.02	39.43	38.13	39.20	39.57	37.64	37.42	43.50	43.25	45.88	48.63	53.96

Hardcastle & Waud Mfg Co cash flow

₹ crore, for each year.

Hardcastle & Waud Mfg Co Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	17.27	0.59	−1.66	−0.61	0.66	0.17	1.36	3.20	−2.97	3.09	0.70	−3.87
Cash from investing activity	−17.11	−0.74	1.54	0.52	−0.90	−0.24	−1.24	−3.10	3.08	−1.54	−2.39	4.55
Cash from financing activity	0.00	0.00	0.00	0.00	0.26	−0.21	−0.06	0.00	0.00	0.00	0.00	0.00
Net cash flow	0.16	−0.19	−0.09	−0.08	0.02	−0.28	0.04	0.11	0.12	1.55	−1.72	0.69
Capex	0.31	0.11	0.91	0.12	1.32	0.61	0.86	0.84	1.08	0.56	1.40	0.00
Free cash flow	16.96	0.55	−2.56	−0.72	−0.67	−0.45	0.51	2.39	−4.04	2.54	−0.71	−3.35
CFO / OP %	−3,617.0%	40.0%	−31.0%	−20.0%	139.0%	10.0%	152.0%	164.0%	−147.0%	107.0%	45.0%	−63.0%

Hardcastle & Waud Mfg Co ratios

Working-capital days and returns, by year.

Hardcastle & Waud Mfg Co Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	50	28	16	29	45	27	73	22	10	0	38	10
Inventory days	2	0	0	3	10	132	0	0	0	0	0	0
Days payable	20	—	—	0	9	40	—	—	—	—	—	—
Cash conversion cycle	31	28	16	32	45	118	73	22	10	0	38	10
Working capital days	−213	−124	−83	−157	−293	−164	135	617	204	−9	−31	136
ROCE %	3.1%	4.1%	14.0%	3.6%	0.5%	3.4%	1.6%	4.8%	3.1%	7.0%	6.3%	11.2%

Hardcastle & Waud Mfg Co: frequently asked questions

What are the latest quarterly results of Hardcastle & Waud Mfg Co?

For the Mar 2026 quarter, Hardcastle & Waud Mfg Co reported sales of ₹3.35 Cr, up 90.3% year on year and net profit of ₹2.06 Cr, up 1,960.0% year on year. The operating margin was 53.9%.

What is the annual revenue of Hardcastle & Waud Mfg Co?

Hardcastle & Waud Mfg Co's sales for the year to Mar 2026 were ₹10.58 Cr; over the last twelve months they were ₹10.57 Cr.

What is the net profit of Hardcastle & Waud Mfg Co?

Net profit for the year to Mar 2026 was ₹4.95 Cr, and ₹4.97 Cr over the last twelve months. Earnings per share over the same trailing period were ₹72.30.

How much debt does Hardcastle & Waud Mfg Co have?

Hardcastle & Waud Mfg Co reported borrowings of ₹0 Cr at Mar 2026, against cash and equivalents of ₹0.97 Cr.

What is the free cash flow of Hardcastle & Waud Mfg Co?

Cash from operations was −₹3.87 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹3.35 Cr.

Loading…