Hardcastle & Waud Manufacturing Co (BOM:509597) Cyclically Adjusted Revenue per Share: ₹82.04 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BOM:509597 Hardcastle & Waud Manufacturing Co Ltd BOM:509597
84 GF Score
Price ₹950.00
GF Value ₹1,501.66
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is Hardcastle & Waud Manufacturing Co Cyclically Adjusted Revenue per Share?

Hardcastle & Waud Manufacturing Co BOM:509597 -2.56% 84 Cyclically Adjusted Revenue per Share is ₹82.04 as of Jun. 2026. GuruFocus rates BOM:509597 with a GF Score™ of 84/100 and a GF Value™ of ₹1,501.66 (Significantly Undervalued). The stock has 3 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

Hardcastle & Waud Manufacturing Co's adjusted revenue per share for the three months ended in Jun. 2026 was ₹35.480. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is ₹82.04 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Hardcastle & Waud Manufacturing Co's average Cyclically Adjusted Revenue Growth Rate was 7.60% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 5.70% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 3.70% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Hardcastle & Waud Manufacturing Co was 5.70% per year. The lowest was 2.20% per year. And the median was 2.30% per year.

As of today (2026-08-25), Hardcastle & Waud Manufacturing Co's current stock price is ₹950.00. Hardcastle & Waud Manufacturing Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₹82.04. Hardcastle & Waud Manufacturing Co's Cyclically Adjusted PS Ratio of today is 11.58.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Hardcastle & Waud Manufacturing Co was 17.97. The lowest was 1.60. And the median was 6.22.


Hardcastle & Waud Manufacturing Co  (BOM:509597) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Hardcastle & Waud Manufacturing Co's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=950.00/82.04
=11.58

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Hardcastle & Waud Manufacturing Co was 17.97. The lowest was 1.60. And the median was 6.22.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Hardcastle & Waud Manufacturing Co Cyclically Adjusted Revenue per Share Related Terms


Hardcastle & Waud Manufacturing Co Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Hardcastle & Waud Manufacturing Co's Cyclically Adjusted Revenue per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Hardcastle & Waud Manufacturing Co Cyclically Adjusted Revenue per Share Chart

Hardcastle & Waud Manufacturing Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 69.69 70.86 72.60 74.61 83.61

Hardcastle & Waud Manufacturing Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted Revenue per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 76.27 78.78 80.17 83.61 82.04

BOM:509597 vs MMM, HON: Cyclically Adjusted Revenue per Share Comparison

For the Conglomerates subindustry, Hardcastle & Waud Manufacturing Co's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Hardcastle & Waud Manufacturing Co Cyclically Adjusted PS Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Hardcastle & Waud Manufacturing Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Hardcastle & Waud Manufacturing Co's Cyclically Adjusted PS Ratio falls into.


BOM:509597
84GF Score
Hardcastle & Waud Manufacturing Co Ltd BOM:509597
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hardcastle & Waud Manufacturing Co Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Hardcastle & Waud Manufacturing Co's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=35.48/167.3573*167.3573
=35.480

Current CPI (Jun. 2026) = 167.3573.

Hardcastle & Waud Manufacturing Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 30.629 105.961 48.376
201612 11.826 105.196 18.814
201703 19.027 105.196 30.270
201706 20.842 107.109 32.566
201709 22.510 109.021 34.555
201712 1.741 109.404 2.663
201803 1.385 109.786 2.111
201806 9.793 111.317 14.723
201809 7.708 115.142 11.203
201812 11.753 115.142 17.083
201903 12.558 118.202 17.780
201906 8.613 120.880 11.925
201909 8.282 123.175 11.253
201912 13.363 126.235 17.716
202003 9.548 124.705 12.814
202006 7.810 127.000 10.292
202009 11.153 130.118 14.345
202012 11.635 130.889 14.877
202103 15.604 131.771 19.818
202106 13.096 134.084 16.346
202109 22.765 135.847 28.045
202112 11.950 138.161 14.475
202203 0.603 138.822 0.727
202206 16.301 142.347 19.165
202209 15.757 144.661 18.229
202212 15.824 145.763 18.168
202303 1.301 146.865 1.483
202306 16.925 150.280 18.848
202309 20.038 151.492 22.137
202312 23.706 152.924 25.943
202403 4.677 153.035 5.115
202406 23.455 155.789 25.197
202409 16.656 157.882 17.656
202412 20.483 158.323 21.652
202503 26.155 157.552 27.783
202506 28.576 159.755 29.936
202509 35.078 162.289 36.173
202512 43.140 163.281 44.217
202603 49.485 164.272 50.414
202606 35.480 167.357 35.480

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

What does a Cyclically Adjusted Revenue per Share of ₹82.04 mean?
Hardcastle & Waud Manufacturing Co (BOM:509597) has a Cyclically Adjusted Revenue per Share of ₹82.04 as of Jun. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Hardcastle & Waud Manufacturing Co and its competitors.
Is Hardcastle & Waud Manufacturing Co's Cyclically Adjusted Revenue per Share too high?
Hardcastle & Waud Manufacturing Co's current Cyclically Adjusted Revenue per Share is ₹82.04. Overall, Hardcastle & Waud Manufacturing Co has a GF Score™ of 84/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hardcastle & Waud Manufacturing Co's Cyclically Adjusted Revenue per Share compare to MMM and HON?
Hardcastle & Waud Manufacturing Co's Cyclically Adjusted Revenue per Share of ₹82.04 can be compared against companies in the Conglomerates industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Revenue per Share for a Conglomerates company?
A good Cyclically Adjusted Revenue per Share depends on the Conglomerates industry context. However, Cyclically Adjusted Revenue per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Revenue per Share mean?
A high Cyclically Adjusted Revenue per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Hardcastle & Waud Manufacturing Co and its competitors. Hardcastle & Waud Manufacturing Co's current Cyclically Adjusted Revenue per Share is ₹82.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hardcastle & Waud Manufacturing Co stock overvalued right now?
Based on GuruFocus' analysis, Hardcastle & Waud Manufacturing Co (BOM:509597) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹1,501.66, compared to a current price of ₹950.00 — trading 36.7% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is ₹82.04. Hardcastle & Waud Manufacturing Co's overall GF Score™ is 84/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For Hardcastle & Waud Manufacturing Co (BOM:509597), the current Cyclically Adjusted Revenue per Share is ₹82.04 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Hardcastle & Waud Manufacturing Co (BOM:509597) Overvalued in 2026?

Based on GuruFocus' analysis, Hardcastle & Waud Manufacturing Co stock appears to be undervalued. The current stock price of ₹950.00 is trading 36.7% below its estimated GF Value™ of ₹1,501.66. GuruFocus considers Hardcastle & Waud Manufacturing Co to be Significantly Undervalued.

Key valuation signals for BOM:509597:

  • Cyclically Adjusted Revenue per Share: ₹82.04
  • GF Value™: ₹1,501.66 vs. price of ₹950.00 (36.7% below fair value)
  • GF Score™: 84/100 with 3 warning signs

No single metric tells the full story. See the BOM:509597 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hardcastle & Waud Manufacturing Co Business Description

Address 87 Veer Nariman Road, Gate No. 10, 1st Floor, Brabourne Stadium, Mumbai, MH, IND, 400020
Hardcastle & Waud Manufacturing Co Ltd is engaged in the manufacturing and marketing of industrial chemicals. The company operates in three segments, including Industrial Chemicals, Investments, and Leasing Activities. The company manufactures chemicals for metalworking, electrical, engineering, and other related industries. Its products include heat treatment products, fluid power products, die-casting lubricants, cutting coolants, drawing compounds, rolling and coating oils, rust preventives, hot forging lubricants, cleaners, and industrial lubricants. The company generates key revenue from the Investment segment.
84GF Score

Get the complete analysis for BOM:509597

Cyclically Adjusted Revenue per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹950.00
Price
₹1,501.66
GF Value