HARDCAS
Hardcastle & Waud Mfg. Co. financials
- Market cap
- ₹60 Cr
Quarterly results
Q1 FY27: revenue up 24.2%, net profit up 39.0% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1 | 1 | 2 | 2 | 2 +111% | 3 +111% | 3 +90% | 2 +24% |
| EBITDA | 1 | 1 | 0 | 1 | 1 +47% | 2 +105% | 2 +302% | 1 +27% |
| Net profit | -1 | 1 | 0 | 1 | 1 +227% | 1 +131% | 2 +2178% | 1 +39% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +9.3% 1Y
1Y: ₹759.95 on 9 Sept 2025 → ₹831. High ₹974.95 (21 Aug 2026), low ₹634.5 (10 Dec 2025).
Financials, as filed
Revenue grew 40.0% a year over 2 years, FY24 to FY26. Operating margin narrowed to 53.5%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹5 Cr | ₹6 Cr | ₹11 Cr |
| Operating profit | ₹3 Cr | ₹3 Cr | ₹6 Cr |
| Operating margin | 60.1% | 52.2% | 53.5% |
| Interest | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Depreciation | ₹1 Cr | ₹1 Cr | ₹1 Cr |
| Net profit | ₹3 Cr | ₹1 Cr | ₹5 Cr |
| Net margin | 47.9% | 21.9% | 46.5% |
| Cash from operations | ₹3 Cr | ₹1 Cr | ₹-4 Cr |
| Free cash flow | ₹3 Cr | ₹-1 Cr | ₹-3 Cr |
| ROCE | 7.0% | 6.3% | 11.3% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr |
| Reserves | ₹34 Cr | ₹40 Cr | ₹41 Cr | ₹44 Cr | ₹47 Cr | ₹50 Cr |
| Borrowings | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other liabilities | ₹3 Cr | ₹3 Cr | ₹2 Cr | ₹1 Cr | ₹3 Cr | ₹3 Cr |
| Total liabilities | ₹37 Cr | ₹44 Cr | ₹43 Cr | ₹46 Cr | ₹50 Cr | ₹54 Cr |
| Fixed assets | ₹19 Cr | ₹20 Cr | ₹20 Cr | ₹20 Cr | ₹20 Cr | ₹20 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹13 Cr | ₹14 Cr | ₹20 Cr | ₹23 Cr | ₹28 Cr | ₹27 Cr |
| Other assets | ₹5 Cr | ₹10 Cr | ₹3 Cr | ₹3 Cr | ₹2 Cr | ₹6 Cr |
| Total assets | ₹37 Cr | ₹44 Cr | ₹43 Cr | ₹46 Cr | ₹50 Cr | ₹54 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
The ownership split has held steady since Jun 2025.
- Promoters
- 73.6%
- DIIs
- 0.1%
- Public
- 26.3%
Since Jun 2025
- Promoters 0.00 pp
- DIIs 0.00 pp
- Public 0.00 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 73.6%, DIIs 0.1%, Public 26.3%.Dec '23: Promoters 73.6%, DIIs 0.1%, Public 26.3%.Mar '24: Promoters 73.6%, DIIs 0.1%, Public 26.3%.Jun '24: Promoters 73.6%, DIIs 0.1%, Public 26.3%.Sep '24: Promoters 73.6%, DIIs 0.1%, Public 26.3%.Dec '24: Promoters 73.6%, DIIs 0.1%, Public 26.3%.Mar '25: Promoters 73.6%, DIIs 0.1%, Public 26.3%.Jun '25: Promoters 73.6%, DIIs 0.1%, Public 26.3%.Sep '25: Promoters 73.6%, DIIs 0.1%, Public 26.3%.Dec '25: Promoters 73.6%, DIIs 0.1%, Public 26.3%.Mar '26: Promoters 73.6%, DIIs 0.1%, Public 26.3%.Jun '26: Promoters 73.6%, DIIs 0.1%, Public 26.3%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Hardcastle & Waud Mfg. Co. Ltd. above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Jeevdani Business Ventures Limited | 49.98% | unchanged |
| Achal Jatia jointly with Banwari Lal Jatia (Holding on Behalf of Starlight Trust) | 23.63% | unchanged |
| Rashi Fincorp Limited | 8.12% | unchanged |
| Guttikonda Vara Lakshmi | 2.27% | unchanged |
| Hardcastle And Waud Mfg. Co. Ltd. Unclaimed Shares Suspense Account | 1.41% | unchanged |
| Akshay Ayush Impex Private Limited | 0.00% | unchanged |
| Hardcastle Petrofer Private Limited | 0.00% | unchanged |
| Hawco Petrofer LLP | 0.00% | unchanged |
| Vandeep Trade Links Private Limited | 0.00% | unchanged |
| Banwari Lal Jatia | 0.00% | unchanged |
| Ushadevi Jatia | 0.00% | unchanged |
| Jeevdani Chemicals Private Limited | 0.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
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