BOM:509597'
s ROA % Range Over the Past 10 Years
Min: 0.02 Med: 2.77 Max: 11.15
Current: 9.67
During the past 13 years, Hardcastle & Waud Manufacturing Co's highest ROA % was 11.15%. The lowest was 0.02%. And the median was 2.77%.
BOM:509597's ROA % is ranked better than 89.98% of 569
companies
in the Conglomerates industry
Industry Median: 2.49
vs BOM:509597: 9.67
Hardcastle & Waud Manufacturing Co (BOM:509597) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
Hardcastle & Waud Manufacturing Co ROA % Related Terms
Hardcastle & Waud Manufacturing Co ROA % 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.
For the Conglomerates subindustry, Hardcastle & Waud Manufacturing Co's ROA %, along with its competitors' market caps and ROA % 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 ROA % vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Hardcastle & Waud Manufacturing Co's ROA % distribution charts can be found below:
* The bar in red indicates where Hardcastle & Waud Manufacturing Co's ROA % 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.
In the calculation of annual ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Hardcastle & Waud Manufacturing Co (BOM:509597) has a ROA % of 15.16% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Hardcastle & Waud Manufacturing Co and its competitors. This is 447% above median its historical median of 2.77. Over the past decade, Hardcastle & Waud Manufacturing Co's ROA % has ranged from 0.02 to 11.15. According to the industry distribution chart, Hardcastle & Waud Manufacturing Co ranks #57 out of 569 companies in the Conglomerates industry, placing it in the top 10%.
Is Hardcastle & Waud Manufacturing Co's ROA % too high?
Hardcastle & Waud Manufacturing Co's current ROA % of 15.16% is 447% above median its 10-year median of 2.77. Over the past 10 years, this metric has ranged from a low of 0.02 to a high of 11.15. The Conglomerates industry median ROA % is 2.49. Hardcastle & Waud Manufacturing Co's value of 15.16% is 508.8% above this industry median. Based on the distribution chart, Hardcastle & Waud Manufacturing Co ranks #57 out of 569 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 82/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hardcastle & Waud Manufacturing Co's ROA % compare to HON and MMM?
According to the Conglomerates industry distribution chart, Hardcastle & Waud Manufacturing Co ranks #57 out of 569 companies for ROA %. This places Hardcastle & Waud Manufacturing Co in the top 10% of its industry — outperforming the majority of peers. The industry median ROA % is 2.49. Hardcastle & Waud Manufacturing Co's value of 15.16% is 508.8% above this benchmark. Historically, Hardcastle & Waud Manufacturing Co's own ROA % has ranged from 0.02 to 11.15 over the past decade. While the company's 10-year median is 2.77 vs. the industry median of 2.49, 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 ROA % for a Conglomerates company?
The median ROA % among Conglomerates companies is 2.49, based on 569 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hardcastle & Waud Manufacturing Co's current ROA % of 15.16% is 508.8% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Hardcastle & Waud Manufacturing Co and its competitors. For the Conglomerates industry, the median ROA % is 2.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hardcastle & Waud Manufacturing Co's current ROA % is 15.16%, which is 447% above median its own 10-year median of 2.77. 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 ₹1,548.23, compared to a current price of ₹860.25 — trading 44.4% below its estimated fair value. The current ROA % is 15.16%, which is 447% above median its 10-year median of 2.77 and 508.8% above the Conglomerates industry median of 2.49. 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 ROA % calculated?
ROA % is calculated from a company's financial statements. For Hardcastle & Waud Manufacturing Co (BOM:509597), the current ROA % is 15.16% 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 ₹860.25 is trading 44.4% below its estimated GF Value™ of ₹1,548.23.
GuruFocus considers Hardcastle & Waud Manufacturing Co to be Significantly Undervalued.
Key valuation signals for BOM:509597:
ROA %: 15.16% (447% above median its 10-year median of 2.77)
GF Value™: ₹1,548.23 vs. price of ₹860.25 (44.4% below fair value)
Industry Position: 508.8% above the Conglomerates median (#57 of 569)
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.
82GF Score
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