Wardwizard Innovations & Mobility Ltd

Wardwizard Inno. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Wardwizard Innovations & Mobility Ltd

₹ 35.9 0.73%
15 Jan 4:01 p.m.
wardwizard.in BSE: 538970
About

Wardwizard Innovations & Mobility Limited focuses to provide clean and greener alternatives to current ways of life through two star products, Joy E-Bikes and Vyom Innovations.

Key Points

Leading EV Manufacturer
Wardwizard Innovations, India’s first BSE-listed firm in the core EV manufacturing segment, launched its inaugural low-speed electric scooter, the Butterfly, in 2018. It has since become a leading EV manufacturer with a portfolio of over 10 models, including high-speed and low-speed electric 2-wheelers and 3-wheelers. [1] [2]

Website BSE
  • Market Cap ₹ 936 Cr.
  • Current Price ₹ 35.9
  • High / Low ₹ 84.7 / 33.3
  • Stock P/E 145
  • Book Value ₹ 3.80
  • Dividend Yield 0.42 %
  • ROCE 17.8 %
  • ROE 14.8 %
  • Face Value ₹ 1.00
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Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 146% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 26.1%

Cons

  • Stock is trading at 9.44 times its book value
  • Promoter holding has decreased over last quarter: -4.10%
  • Company might be capitalizing the interest cost
  • Debtor days have increased from 37.6 to 76.5 days.
  • Working capital days have increased from 44.0 days to 125 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Automobile Industry: Automobiles - Motorcycles / Mopeds

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
33.50 58.11 81.49 54.66 63.89 69.83 50.55 37.87 45.11 106.29 128.05 48.92 58.18
30.72 53.78 75.73 51.07 59.39 63.34 45.93 33.11 39.27 94.83 117.83 41.31 59.76
Operating Profit 2.78 4.33 5.76 3.59 4.50 6.49 4.62 4.76 5.84 11.46 10.22 7.61 -1.58
OPM % 8.30% 7.45% 7.07% 6.57% 7.04% 9.29% 9.14% 12.57% 12.95% 10.78% 7.98% 15.56% -2.72%
0.02 0.19 0.30 0.06 0.09 0.00 0.21 0.02 0.02 0.04 0.17 0.04 0.14
Interest 0.00 0.00 0.00 0.00 0.17 0.48 0.11 0.81 0.94 1.60 1.87 2.88 3.79
Depreciation 0.45 0.64 0.86 0.86 1.05 1.25 1.79 1.55 1.65 1.73 1.75 1.49 1.52
Profit before tax 2.35 3.88 5.20 2.79 3.37 4.76 2.93 2.42 3.27 8.17 6.77 3.28 -6.75
Tax % 31.06% 26.03% 36.92% 25.81% 25.82% 27.94% 50.51% 27.69% 26.30% 30.11% 36.78% 26.52% -11.70%
1.62 2.87 3.28 2.06 2.50 3.43 1.45 1.75 2.42 5.70 4.28 2.42 -5.96
EPS in Rs 0.06 0.11 0.13 0.08 0.10 0.13 0.06 0.07 0.09 0.22 0.16 0.09 -0.23
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
0 5 1 0 0 0 0 0 39 185 239 317 341
0 5 1 0 0 0 0 1 36 171 220 285 314
Operating Profit 0 0 0 -0 -0 -0 -0 -1 3 14 19 32 28
OPM % 80% 9% 3% -121% -1,167% -1,225% 8% 8% 8% 10% 8%
-0 0 0 0 0 0 0 0 0 1 0 0 0
Interest 0 0 0 0 0 0 0 0 0 0 1 5 10
Depreciation 0 0 0 0 0 0 0 0 1 2 5 7 6
Profit before tax 0 0 0 0 0 0 -0 -1 2 12 14 21 11
Tax % 33% 32% 0% 50% 0% 0% 1% 25% 30% 32% 31%
0 0 0 0 0 0 -0 -1 2 8 9 14 6
EPS in Rs 0.05 0.82 0.00 0.00 0.00 0.00 -0.02 -0.12 0.08 0.32 0.36 0.54 0.24
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 59% 23% 28% 28%
Compounded Sales Growth
10 Years: 51%
5 Years: %
3 Years: 101%
TTM: 68%
Compounded Profit Growth
10 Years: 46%
5 Years: 146%
3 Years: 96%
TTM: -29%
Stock Price CAGR
10 Years: %
5 Years: 38%
3 Years: -27%
1 Year: -56%
Return on Equity
10 Years: 12%
5 Years: 13%
3 Years: 15%
Last Year: 15%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 0.24 0.24 3 6 6 6 6 7 22 26 26 26 26
Reserves 0 6 3 0 0 0 -0 4 6 36 63 77 73
0 0 0 0 0 0 0 0 0 0 14 85 177
0 0 0 0 0 0 0 0 10 117 120 99 60
Total Liabilities 0 7 7 7 7 7 7 11 38 179 224 286 336
0 0 0 0 0 0 0 0 15 36 53 54 53
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 12
Investments 0 0 0 0 0 4 4 4 0 0 0 0 0
0 7 7 7 7 3 2 7 23 143 170 232 271
Total Assets 0 7 7 7 7 7 7 11 38 179 224 286 336

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-0 -5 -1 -0 -0 -0 -0 -5 0 11 -18 -63
0 -0 0 -0 0 -4 0 -0 -12 -23 -22 -8
0 6 0 0 0 4 0 7 13 27 33 64
Net Cash Flow 0 1 -1 -0 0 -0 0 1 1 15 -6 -6

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 219 119 562 3,631 0 456 27 12 25 77
Inventory Days 3 19 0 7,446 84 165 131 126
Days Payable 0 0 511 106 162 87 96
Cash Conversion Cycle 219 122 581 3,631 0 7,391 4 15 68 106
Working Capital Days 2,044 427 2,090 12,506 365 18,889 62 -7 13 125
ROCE % 15% 14% 0% 0% 0% 0% -2% -10% 13% 27% 17% 18%

Shareholding Pattern

Numbers in percentages

22 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
71.64% 70.09% 70.09% 70.09% 70.09% 70.09% 70.09% 70.46% 68.42% 67.46% 58.63% 54.52%
0.04% 0.16% 0.30% 0.30% 0.10% 0.10% 0.00% 0.00% 0.04% 0.04% 0.01% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.06% 0.00% 0.01%
28.33% 29.75% 29.61% 29.61% 29.82% 29.81% 29.92% 29.55% 31.53% 32.44% 41.36% 45.48%
No. of Shareholders 27,43261,52172,89880,81478,53879,20881,14890,8301,18,2351,49,2841,81,2271,89,647

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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