Hardcastle & Waud Manufacturing Co (BOM:509597) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Hardcastle & Waud Manufacturing Co had a gross margin of 74.21% for the quarter that ended in Mar. 2026 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Hardcastle & Waud Manufacturing Co Gross Margin % Related Terms
Hardcastle & Waud Manufacturing Co Gross Margin % Historical Data
* 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 Gross Margin % Chart
For the Conglomerates subindustry, Hardcastle & Waud Manufacturing Co's Gross Margin %, along with its competitors' market caps and Gross Margin % 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 Gross Margin % vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Hardcastle & Waud Manufacturing Co's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Hardcastle & Waud Manufacturing Co's Gross Margin % falls into.
* 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Hardcastle & Waud Manufacturing Co (BOM:509597) has a Gross Margin % of 74.21% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Hardcastle & Waud Manufacturing Co and its competitors. This is near median its historical median of 79.48. Over the past decade, Hardcastle & Waud Manufacturing Co's Gross Margin % has ranged from 61.24 to 89.97. According to the industry distribution chart, Hardcastle & Waud Manufacturing Co ranks #18 out of 517 companies in the Conglomerates industry, placing it in the top 3.5%.
Is Hardcastle & Waud Manufacturing Co's Gross Margin % too high?
Hardcastle & Waud Manufacturing Co's current Gross Margin % of 74.21% is near median its 10-year median of 79.48. Over the past 10 years, this metric has ranged from a low of 61.24 to a high of 89.97. The Conglomerates industry median Gross Margin % is 25.98. Hardcastle & Waud Manufacturing Co's value of 74.21% is 185.6% above this industry median. Based on the distribution chart, Hardcastle & Waud Manufacturing Co ranks #18 out of 517 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers. Overall, Hardcastle & Waud Manufacturing Co has a GF Score™ of 83/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hardcastle & Waud Manufacturing Co's Gross Margin % compare to HON and MMM?
According to the Conglomerates industry distribution chart, Hardcastle & Waud Manufacturing Co ranks #18 out of 517 companies for Gross Margin %. This places Hardcastle & Waud Manufacturing Co in the top 4% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 25.98. Hardcastle & Waud Manufacturing Co's value of 74.21% is 185.6% above this benchmark. Historically, Hardcastle & Waud Manufacturing Co's own Gross Margin % has ranged from 61.24 to 89.97 over the past decade. While the company's 10-year median is 79.48 vs. the industry median of 25.98, Hardcastle & Waud Manufacturing Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Conglomerates company?
The median Gross Margin % among Conglomerates companies is 25.98, based on 517 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hardcastle & Waud Manufacturing Co's current Gross Margin % of 74.21% is 185.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Hardcastle & Waud Manufacturing Co and its competitors. For the Conglomerates industry, the median Gross Margin % is 25.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hardcastle & Waud Manufacturing Co's current Gross Margin % is 74.21%, which is near median its own 10-year median of 79.48. 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 ₹1,553.06, compared to a current price of ₹838.55 — trading 46% below its estimated fair value. The current Gross Margin % is 74.21%, which is near median its 10-year median of 79.48 and 185.6% above the Conglomerates industry median of 25.98. Hardcastle & Waud Manufacturing Co's overall GF Score™ is 83/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Hardcastle & Waud Manufacturing Co (BOM:509597), the current Gross Margin % is 74.21% 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 ₹838.55 is trading 46% below its estimated GF Value™ of ₹1,553.06.
GuruFocus considers Hardcastle & Waud Manufacturing Co to be Significantly Undervalued.
Key valuation signals for BOM:509597:
Gross Margin %: 74.21% (near median its 10-year median of 79.48)
GF Value™: ₹1,553.06 vs. price of ₹838.55 (46% below fair value)
Industry Position: 185.6% above the Conglomerates median (#18 of 517)
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
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.
83GF Score
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