What we do Hardcastle & Waud Mfg Co Ltd is engaged in producing industrial chemicals, investment activities, and leasing services, with technical collaborations and joint ventures for product innovation. |
Founded in 1,945 |
Market share A niche player focused on industrial chemicals and investments, with diversified business interests and moderate financial growth. |
Problem solved Providing specialized industrial chemicals and adhesive products to enhance manufacturing processes and meeting investment and leasing needs. |
Top clients or who we serve Serves industrial clients requiring specialty chemicals, investors, and leasing customers; B2B focus. |
Key management Mr Banwari Lal Jatia (Managing Director), Mr Piyushkumar Mehta (Director), Mr Manekchand Panda (Independent Director) with strong governance experience. |
Our journey and innovations Established in 1945, expanded into pre-colour coated steel coil and epoxide resins in 1995, joint venture with Soudal Belgium for adhesives, multiple product launches in mid-1990s. |
Where we operate Primarily operates within India with collaborations abroad (Belgium) for technical expertise. |
Top products or what we offer Industrial chemicals including epoxide resins, polyamides, alkyds, plus investment and leasing services. |
Top brands No specific brand names highlighted; portfolio includes specialized chemical products and leasing assets. |
Raw materials needed Chemicals such as epoxides, polyamides, alkyd compounds for resin and adhesive production. |
Raw materials supplier Not explicitly disclosed; collaborations include Belgian firms like Oxyplast and Soudal. |
Recurring vs cyclical contribution Revenue from investments and leasing activities tends to be recurring; chemical segment subject to industrial demand cycles. |
Our industry position A steady performer with diversified segments; niche in industrial chemicals and investment activities in Indian market. |
Financial highlights FY2025 revenue Rs 588.93 lakhs; net profit Rs 128.69 lakhs; 8.81% revenue growth YoY; prudent cost management. |
Geographical revenue split - |
Order book - |
Whats driving growth Growth driven by increased industrial chemical sales, stable investment income, and steady leasing revenues. |
Our future plans Focus on technical collaborations, optimize investment portfolio, and maintain internal controls for sustainable growth. |
Our green promise - |
Our people and values Commitment to governance, ethical standards, internal controls; no significant HR changes reported. |
Key challenges ahead Economic uncertainties and industrial demand fluctuations may impact chemical segment; managing deferred tax impact. |
Interesting facts Operational since 1945 with longstanding technical collaborations and a joint venture with a Belgian adhesives firm. |
Risks and strategy Monitors financial and regulatory risks with internal controls and audit committees; strategic growth via diversification. |
