Wardwizard Innovations & Mobility Ltd

Wardwizard Innovations & Mobility Ltd

₹ 42.9 1.66%
22 Nov - close price
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
The Company is the 1st entity to get listed on BSE with the core business of Electric vehicle manufacturing. Co. first introduced its electric bicycle in 2016 and later introduced low-speed e-vehicles like Gen-next, Glob, wolf, and Monster. [1]
The company sold more than 30,000 units of EV in FY22 as compared to 4229 units in FY21. [2]

  • Market Cap 1,118 Cr.
  • Current Price 42.9
  • High / Low 86.5 / 39.9
  • Stock P/E 207
  • Book Value 3.73
  • Dividend Yield 0.35 %
  • ROCE 17.4 %
  • ROE 14.2 %
  • Face Value 1.00

Pros

  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 19.5%

Cons

  • Stock is trading at 11.5 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 50.1 to 75.6 days.
  • Working capital days have increased from 67.9 days to 123 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Jun 2020 Sep 2020 Dec 2021 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
0.00 3.52 6.87 58.11 63.89 69.83 50.55 37.87 49.15 106.29 128.11 51.41 58.18
0.65 3.28 6.89 53.78 59.39 63.63 46.22 33.36 43.17 95.12 118.18 43.95 59.97
Operating Profit -0.65 0.24 -0.02 4.33 4.50 6.20 4.33 4.51 5.98 11.17 9.93 7.46 -1.79
OPM % 6.82% -0.29% 7.45% 7.04% 8.88% 8.57% 11.91% 12.17% 10.51% 7.75% 14.51% -3.08%
0.07 0.00 0.02 0.19 0.09 0.00 0.21 0.01 0.01 0.04 0.15 0.03 0.14
Interest 0.00 0.00 0.00 0.00 0.17 0.49 0.11 0.81 0.94 1.60 1.87 2.88 3.79
Depreciation 0.00 0.08 0.12 0.64 1.05 1.25 1.79 1.55 1.65 1.73 1.75 1.49 1.52
Profit before tax -0.58 0.16 -0.12 3.88 3.37 4.46 2.64 2.16 3.40 7.88 6.46 3.12 -6.96
Tax % 1.72% 0.00% 0.00% 26.03% 25.82% 24.89% 64.39% 27.78% 25.29% 32.11% 38.54% 26.28% -10.63%
-0.59 0.16 -0.12 2.87 2.50 3.36 0.93 1.56 2.55 5.35 3.97 2.30 -6.22
EPS in Rs -0.08 0.01 -0.01 0.11 0.10 0.13 0.04 0.06 0.10 0.21 0.15 0.09 -0.24
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2022 Mar 2023 Mar 2024 TTM
0 0 0 0 185 239 321 344
0 0 0 1 171 220 289 317
Operating Profit -0 -0 -0 -1 14 19 32 27
OPM % -1,167% -1,238% 8% 8% 10% 8%
0 0 0 0 1 0 0 0
Interest 0 0 0 0 0 1 5 10
Depreciation 0 0 0 0 2 5 7 6
Profit before tax 0 0 -0 -1 12 13 20 10
Tax % 50% 0% 1% 30% 33% 33%
0 0 -0 -1 8 9 13 5
EPS in Rs 0.00 0.00 -0.03 -0.12 0.32 0.34 0.52 0.21
Dividend Payout % 0% 0% 0% 0% 29% 29%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 66%
Compounded Profit Growth
10 Years: %
5 Years: 141%
3 Years: %
TTM: -36%
Stock Price CAGR
10 Years: %
5 Years: 43%
3 Years: -16%
1 Year: -17%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2023 Mar 2024 Sep 2024
Equity Capital 6 6 6 7 26 26 26
Reserves 0 -0 -0 3 62 75 71
0 0 0 0 14 85 177
0 0 0 1 121 100 61
Total Liabilities 7 7 6 11 223 285 335
0 0 0 0 53 54 53
CWIP 0 0 0 0 0 0 12
Investments 0 0 0 0 0 0 0
7 7 6 11 170 232 270
Total Assets 7 7 6 11 223 285 335

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2022 Mar 2023 Mar 2024
-0 4 0 -5 -18 -63
0 0 0 -0 -21 -8
0 -4 -0 7 34 64
Net Cash Flow 0 -0 -0 1 -6 -6

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2022 Mar 2023 Mar 2024
Debtor Days 0 456 25 76
Inventory Days 0 7,446 131 124
Days Payable 584 87 94
Cash Conversion Cycle 0 7,318 68 105
Working Capital Days 365 18,798 13 123
ROCE % 0% -2% -10% 17%

Shareholding Pattern

Numbers in percentages

13 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.

Click on the line-items to see the names of individual entities.

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