Hardcastle & Waud Manufacturing Co (BOM:509597) E10: ₹28.33 (As of Mar. 2026)


BOM:509597 Hardcastle & Waud Manufacturing Co Ltd BOM:509597
82 GF Score
Price ₹843.85
GF Value ₹1,549.03
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Hardcastle & Waud Manufacturing Co E10?

Hardcastle & Waud Manufacturing Co BOM:509597 -1.91% 82 E10 is ₹28.33 as of Mar. 2026. GuruFocus rates BOM:509597 with a GF Score™ of 82/100 and a GF Value™ of ₹1,549.03 (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 P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Hardcastle & Waud Manufacturing Co's adjusted earnings per share data for the three months ended in Mar. 2026 was ₹30.100. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹28.33 for the trailing ten years ended in Mar. 2026.

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 E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Hardcastle & Waud Manufacturing Co was 40.40% per year. The lowest was 40.40% per year. And the median was 40.40% per year.

As of today (2026-07-07), Hardcastle & Waud Manufacturing Co's current stock price is ₹843.85. Hardcastle & Waud Manufacturing Co's E10 for the quarter that ended in Mar. 2026 was ₹28.33. Hardcastle & Waud Manufacturing Co's Shiller PE Ratio of today is 29.79.

During the past 13 years, the highest Shiller PE Ratio of Hardcastle & Waud Manufacturing Co was 1180.16. The lowest was 2.06. And the median was 13.23.


Hardcastle & Waud Manufacturing Co  (BOM:509597) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Hardcastle & Waud Manufacturing Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=843.85/28.33
=29.79

* 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 Shiller P/E Ratio of Hardcastle & Waud Manufacturing Co was 1180.16. The lowest was 2.06. And the median was 13.23.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Hardcastle & Waud Manufacturing Co E10 Related Terms


Hardcastle & Waud Manufacturing Co E10 Historical Data

* Premium members only.

The historical data trend for Hardcastle & Waud Manufacturing Co's E10 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 E10 Chart

Hardcastle & Waud Manufacturing Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only -9.41 -4.89 -0.76 -1.99 28.33

Hardcastle & Waud Manufacturing Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
E10 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 -1.99 -1.03 -0.13 0.71 28.33

BOM:509597 vs HON, MMM: E10 Comparison

For the Conglomerates subindustry, Hardcastle & Waud Manufacturing Co's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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 Shiller PE Ratio vs Conglomerates Industry

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

* The bar in red indicates where Hardcastle & Waud Manufacturing Co's Shiller PE Ratio falls into.


BOM:509597
82GF Score
Hardcastle & Waud Manufacturing Co Ltd BOM:509597
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hardcastle & Waud Manufacturing Co E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

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 earnings per share data for the three months ended in Mar. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=30.1/164.2724*164.2724
=30.100

Current CPI (Mar. 2026) = 164.2724.

Hardcastle & Waud Manufacturing Co Quarterly Data

per share eps CPI Adj_EPS
201606 21.340 105.961 33.084
201609 15.870 105.961 24.603
201612 15.100 105.196 23.580
201703 7.090 105.196 11.072
201706 7.060 107.109 10.828
201709 17.750 109.021 26.746
201712 -7.330 109.404 -11.006
201803 -18.710 109.786 -27.996
201806 -0.060 111.317 -0.089
201809 -2.040 115.142 -2.910
201812 1.370 115.142 1.955
201903 2.490 118.202 3.460
201906 -2.190 120.880 -2.976
201909 3.020 123.175 4.028
201912 2.600 126.235 3.383
202003 9.830 124.705 12.949
202006 -4.750 127.000 -6.144
202009 1.730 130.118 2.184
202012 0.860 130.889 1.079
202103 2.290 131.771 2.855
202106 4.400 134.084 5.391
202109 10.210 135.847 12.346
202112 0.880 138.161 1.046
202203 3.220 138.822 3.810
202206 1.370 142.347 1.581
202209 5.960 144.661 6.768
202212 5.400 145.763 6.086
202303 1.370 146.865 1.532
202306 8.480 150.280 9.270
202309 10.100 151.492 10.952
202312 11.310 152.924 12.149
202403 8.050 153.035 8.641
202406 16.810 155.789 17.725
202409 -8.150 157.882 -8.480
202412 9.030 158.323 9.369
202503 1.260 157.552 1.314
202506 11.340 159.755 11.661
202509 10.370 162.289 10.497
202512 20.780 163.281 20.906
202603 30.100 164.272 30.100

Add all the adjusted EPS together and divide 10 will get our e10.

Frequently Asked Questions Learn more about E10 →
What does a E10 of ₹28.33 mean?
Hardcastle & Waud Manufacturing Co (BOM:509597) has a E10 of ₹28.33 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Hardcastle & Waud Manufacturing Co and its competitors.
Is Hardcastle & Waud Manufacturing Co's E10 too high?
Hardcastle & Waud Manufacturing Co's current E10 is ₹28.33. Overall, Hardcastle & Waud Manufacturing Co has a GF Score™ of 82/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hardcastle & Waud Manufacturing Co's E10 compare to HON and MMM?
Hardcastle & Waud Manufacturing Co's E10 of ₹28.33 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 E10 for a Conglomerates company?
A good E10 depends on the Conglomerates industry context. However, E10 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 E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Hardcastle & Waud Manufacturing Co and its competitors. Hardcastle & Waud Manufacturing Co's current E10 is ₹28.33. 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 ₹1,549.03, compared to a current price of ₹843.85 — trading 45.5% below its estimated fair value. The current E10 is ₹28.33. Hardcastle & Waud Manufacturing Co's overall GF Score™ is 82/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For Hardcastle & Waud Manufacturing Co (BOM:509597), the current E10 is ₹28.33 as of Mar. 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 ₹843.85 is trading 45.5% below its estimated GF Value™ of ₹1,549.03. GuruFocus considers Hardcastle & Waud Manufacturing Co to be Significantly Undervalued.

Key valuation signals for BOM:509597:

  • E10: ₹28.33
  • GF Value™: ₹1,549.03 vs. price of ₹843.85 (45.5% below fair value)
  • GF Score™: 82/100 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.
82GF Score

Get the complete analysis for BOM:509597

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹843.85
Price
₹1,549.03
GF Value