Hardcastle & Waud Manufacturing Co (BOM:509597) EBIT: ₹54.1 Mil (TTM As of Mar. 2026)

What is Hardcastle & Waud Manufacturing Co EBIT?

Hardcastle & Waud Manufacturing Co BOM:509597 +2.96% 79 EBIT is ₹54.1 Mil as of Mar. 2026. GuruFocus rates BOM:509597 with a GF Score™ of 79/100 and a GF Value™ of ₹1,544.20 (Significantly Undervalued). The stock has 3 warning signs investors should review.

Hardcastle & Waud Manufacturing Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ₹17.5 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ₹54.1 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Hardcastle & Waud Manufacturing Co's annualized ROC % for the quarter that ended in Mar. 2026 was 12.44%. Hardcastle & Waud Manufacturing Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 67.33%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Hardcastle & Waud Manufacturing Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 9.46%.

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

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Hardcastle & Waud Manufacturing Co's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

	ROC % (Q: Mar. 2026 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2025 )	+	Invested Capital (Q: Mar. 2026 ))	/ count )
=	64.512 * ( 1 - 0% )	/	( (0	+	518.739)	/ 1 )
=	64.512	/	518.739
=	12.44 %

where

	Invested Capital		(Q: Dec. 2025 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	0	-	0	-	( 0	-	max(0, 0	-	0	+	0	))
=	0

	Invested Capital		(Q: Mar. 2026 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	539.454	-	7.645	-	( 13.07	-	max(0, 14.812	-	64.182	+	13.07	))
=	518.739

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Hardcastle & Waud Manufacturing Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2026 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2025		Q: Mar. 2026
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	69.82	/	( ( (0 + max(0, 0))	+	(67.399 + max(36.3, 0)) )	/	1 )
=	69.82	/	( ( 0	+	103.699 )	/	1 )
=	69.82	/	103.699
=	67.33 %

where Working Capital is:

	Working Capital		(Q: Dec. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0	+	0	+	0)
=	0

	Working Capital		(Q: Mar. 2026 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2.856	+	0	+	48.256)	-	(7.645	+	0	+	7.167)
=	36.3

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Hardcastle & Waud Manufacturing Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2026 )
	=	54.062	/	571.753
	=	9.46 %

* 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 EBIT Related Terms

Hardcastle & Waud Manufacturing Co EBIT Historical Data

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The historical data trend for Hardcastle & Waud Manufacturing Co's EBIT can be seen below:

Hardcastle & Waud Manufacturing Co EBIT Chart

Hardcastle & Waud Manufacturing Co Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

EBIT

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8.14

0.94

16.11

27.83

54.06

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
EBIT	Get a 7-Day Free Trial															3.68	10.43	7.33	18.85	17.46

BOM:509597 vs HON, MMM: EBIT Comparison

For the Conglomerates subindustry, Hardcastle & Waud Manufacturing Co's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Hardcastle & Waud Manufacturing Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Hardcastle & Waud Manufacturing Co's EV-to-EBIT falls into.

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79GF Score

Hardcastle & Waud Manufacturing Co Ltd BOM:509597

EBIT is just one metric. See GF Score™, valuation, warning signs, and more.

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Hardcastle & Waud Manufacturing Co EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹54.1 Mil.

Frequently Asked Questions Learn more about EBIT →

What does a EBIT of ₹54.1 Mil mean?

Hardcastle & Waud Manufacturing Co (BOM:509597) has a EBIT of ₹54.1 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Hardcastle & Waud Manufacturing Co.

Is Hardcastle & Waud Manufacturing Co's EBIT too high?

Hardcastle & Waud Manufacturing Co's current EBIT is ₹54.1 Mil. Overall, Hardcastle & Waud Manufacturing Co has a GF Score™ of 79/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Hardcastle & Waud Manufacturing Co's EBIT compare to HON and MMM?

Hardcastle & Waud Manufacturing Co's EBIT of ₹54.1 Mil 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 EBIT for a Conglomerates company?

A good EBIT depends on the Conglomerates industry context. However, EBIT 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 EBIT mean?

A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Hardcastle & Waud Manufacturing Co. Hardcastle & Waud Manufacturing Co's current EBIT is ₹54.1 Mil. 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 ₹1,544.20, compared to a current price of ₹860.70 — trading 44.3% below its estimated fair value. The current EBIT is ₹54.1 Mil. Hardcastle & Waud Manufacturing Co's overall GF Score™ is 79/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is EBIT calculated?

EBIT is calculated from a company's financial statements. For Hardcastle & Waud Manufacturing Co (BOM:509597), the current EBIT is ₹54.1 Mil 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 ₹860.70 is trading 44.3% below its estimated GF Value™ of ₹1,544.20. GuruFocus considers Hardcastle & Waud Manufacturing Co to be Significantly Undervalued.

Key valuation signals for BOM:509597:

EBIT: ₹54.1 Mil
GF Value™: ₹1,544.20 vs. price of ₹860.70 (44.3% below fair value)
GF Score™: 79/100 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

Industry Industrials Conglomerates

Comparable Companies NSE:AVSL BOM:539522 BOM:538607 BOM:513337 BOM:511169 BOM:512036 BOM:533202 BOM:531127 BOM:531930 BOM:544331 ADX:IHC HON TSE:6501 TSE:8058 MMM TSE:8001 TSE:8031 TSE:5803 TSE:8002 TSE:8053

Address 87 Veer Nariman Road, Gate No. 10, 1st Floor, Brabourne Stadium, Mumbai, MH, IND, 400020

Website https://www.hawcoindia.in

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.

79GF Score

Get the complete analysis for BOM:509597

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

₹860.70

Price

₹1,544.20

GF Value

View BOM:509597 Analysis

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