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Tunwal E-Motors Ltd (TUNWAL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: TUNWAL Automobile Two & Three Wheelers | Small Cap | Tunwal E-Motors Share Price

BSE Share Price
Not Listed

Tunwal E-Motors Ltd (TUNWAL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: TUNWAL Automobile Two & Three Wheelers | Small Cap | Tunwal E-Motors Share Price

BSE Share Price
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹157 Cr.
Current Price
₹0
52-Week Low / High
₹0 / 0
TTM EPS
₹2.2
TTM Sales
₹277 Cr.
Book Value per Share
₹21.8
P/E Ratio
12.30
Lower than its 5-year historical median
Industry PE
31.2
Price to Book (P/B)
1.25
Lower than its 5-year historical median
Price to Sales (P/S)
0.57
Lower than its 5-year historical median
EV/EBITDA
8.49
Lower than its 5-year historical median
Dividend Yield
INF%
Profitability Efficiency
Return on Equity (ROE)
19.26%
Outperforms industry median
Return on Capital Employed (ROCE)
19.92%
Outperforms industry median
Return on Assets (ROA)
8.79%
Operating Profit Margin
6.9%
Net Profit Margin
6.64%
Gross Profit Margin
9.2%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
70.74%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-30.51%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
0.42%
Asset Quality
Promoter Holding
63.90%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹114 Cr.
Equity
₹11.5 Cr.
Face Value
₹2
All Time Low / High
- / -

Tunwal E-Motors stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Tunwal E-Motors Ltd a good quality company?
Tunwal E-Motors Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Tunwal E-Motors Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Tunwal E-Motors Ltd vs industry peers?
Tunwal E-Motors Ltd revenue CAGR is 0.00%, compared to the industry median CAGR of 0%, indicating stable growth and maintaining its market share.
Q.1 Promoter shareholding and pledge status of Tunwal E-Motors Ltd?
Promoters hold 63.90% of the Tunwal E-Motors Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Tunwal E-Motors Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of -1.2% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Tunwal E-Motors Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 10.7%37.7%26.3%52.4%19.9%-
Value Creation
Index
-0.21.70.92.70.4-

Growth Parameters

Sales 1.375.576.5105179277
Sales YoY Gr.-5,795.3%1.4%36.7%70.7%-
Adj EPS 00.61.12.822.2
YoY Gr.-1275%90.9%163.8%-29.6%-
BVPS (₹) 0.312518.621.8
Adj Net
Profit
0.12.34.311.510.813
Cash Flow from Ops. 2-2.6-2.10.2-53.2-
Debt/CF from Ops. 1.6-5.3-9.1114.6-0.6-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NANA33.3%70.7%
Adj EPS NANA52.5%-29.6%
BVPSNANA162.1%274.8%
Share Price - - - -13.1%

Key Financial Parameters

Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
13.592.569.779.917.611
Op. Profit
Mgn %
34.65.79.817.16.9NAN
Net Profit
Mgn %
6.635.7116.14.6
Debt to
Equity
5.33.22.310.3-
Working Cap
Days
0921911822240
Cash Conv.
Cycle
02522851040

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25
Sales17577105179
Operating Expenses + 1717087166
Manufacturing Costs085612
Material Costs1606076145
Employee Cost 01234
Other Costs 01336
Operating Profit 0471812
Operating Profit Margin (%) 33.3%5.7%8.6%17.0%6.9%
Other Income + 00016
Exceptional Items 00000
Interest 01122
Depreciation 00111
Profit Before Tax 0351615
Tax 01143
Profit After Tax 0241212
PAT Margin (%) 5.6%3.1%4.9%11.3%6.6%
Adjusted EPS (₹)0.00.60.92.92.1
Dividend Payout Ratio (%)0%0%0%0%4.70%

Valuation of Tunwal E-Motors - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 14821103
Share Capital 114811
Reserves 0341292
Debt +313182032
Long Term Debt14333
Short Term Debt29151729
Minority Interest00000
Trade Payables025161748
Others Liabilities 28141812
Total Liabilities 6505776194

Fixed Assets

Net Fixed Assets +410111120
Gross Block411121423
Accumulated Depreciation00123
CWIP 00003
Investments 00005
Inventories030265298
Trade Receivables016322
Cash Equivalents 13339
Others Assets 0711737
Total Assets 6505776194

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 2-3-20-53
PBT 0351615
Adjustment 01233
Changes in Working Capital 2-6-8-18-66
Tax Paid -0-1-1-0-5
Cash Flow From Investing Activity + -2-7-2-1-21
Capex -2-7-2-1-12
Net Investments 0000-5
Others 0-0-00-3
Cash Flow From Financing Activity + 0115080
Net Proceeds from Shares 110170
Net Proceeds from Borrowing 03-0-1-0
Interest Paid -0-1-1-2-2
Dividend Paid 00000
Others 086212
Net Cash Flow 121-16

Financial Ratio

PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)11.5196.0959.7782.1719.26
ROCE (%)10.7337.6626.2552.3719.92
Asset Turnover Ratio0.222.691.431.581.32
PAT to CFO Conversion(x)N/A-1.5-0.50-4.42
Working Capital Days
Receivable Days242.5016.1014.9025.40
Inventory Days13.9072.20133.50136153.20
Payable Days3.8075.60125.2080.3081.40

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Tunwal E-Motors Ltd FAQs

The current trading price of Tunwal E-Motors on 01-Jan-1970 05:30 is ₹0.00.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 31-Dec-1969 the market cap of Tunwal E-Motors stood at ₹156.6 Cr

The latest P/E ratio of Tunwal E-Motors as of 31-Dec-1969 is 12.30.

The latest P/B ratio of Tunwal E-Motors as of 31-Dec-1969 is 1.25.

The 52-week high of Tunwal E-Motors is ₹0.00 and the 52-week low is ₹0.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Tunwal E-Motors is ₹277 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Tunwal E-Motors Ltd is a below average quality company.

The key valuation ratios of Tunwal E-Motors Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Tunwal E-Motors Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Tunwal E-Motors Ltd

The company was originally incorporated as ‘Tunwal E-Motors Private Limited’ on December 21, 2018, vide certification of incorporation under the provision of Companies Act, 2013 issued by the Assistant Registrar of Companies, of Maharashtra Pune, Subsequently Company was converted into Public Limited Company vide a fresh certificate of incorporation issued by Registrar of Companies, Pune consequent upon conversion from Private Limited to Public Company dated December 13, 2023, to its present name of Tunwal E-Motors Limited. 

Tunwal E-Motors, an upcoming force in the electric vehicle (EV) manufacturing sector, stands at the forefront of India's drive towards sustainable and eco-friendly mobility solutions. Established in 2018, the company has rapidly evolved to become a significant player in the market, specializing in the design, development, manufacturing, and distribution of high-quality electric two-wheelers. With new age production facility strategically located in Palsana, Rajasthan, Tunwal E-Motors leverages efficient manufacturing/assembly processes to meet the burgeoning demand for electric scooters. The company is registered under the Bureau of Indian Standards and SAE International, USA has confirmed World Manufacturer identifier (WMI) code for the company.

Tunwal E-Motors operates with a streamlined organizational hierarchy, featuring key departments that drive various facets of its operations. The Sales and Marketing Department takes center stage, steering the creation and implementation of effective distribution strategies and managing diverse sales channels. Simultaneously, the Accounts Department ensures financial stability through oversight of financial management, budgeting, auditing, and taxation. The dealer development department within the sales department plays a crucial role in expanding the dealership network, fostering strong relationships, and providing essential support and training. Human Resources (HR) takes charge of recruitment, training, and organizational culture development, sustaining a talented and motivated workforce. The company is establishing a Research and Development Department which will be required for future innovation and continuously enhancing existing EV products with technology. Lastly, the Service and Warranty Department completes the cycle, delivering a positive post-purchase experience through comprehensive after-sales service and support, including maintenance, repairs, and warranty claims. This well-coordinated structure positions Tunwal E-Motors for success in the dynamic electric vehicle landscape.

Business area of the company

Tunwal E-Motors is one of the emerging companies in the EV 2- wheeler sector, committed to advancing innovation in EV 2-wheeler manufacturing.  

Key awards, accreditations or recognitions

  • 2019: Leading Emerging Entrepreneur Award by IEDRA won the Leading Emerging Entrepreneur Award by IEDRA (India Economic Development & Research Association).
  • 2019: A mark of gratitude and appreciation to celebrate the rising talent that brings out the best.
  • 2023: Awards refer to accolades or recognition given to organisations for their exceptional efforts and initiatives in the field of Corporate Social Responsibility (CSR).
  • 2023: This incredible achievement is testimony to unwavering commitment to excellence, innovation and customer satisfaction.
  • 2023: The ‘Innovative Emerging E Vehicles Manufacturing Leadership Awards, Dubai’ may refer to recognition or accolades given to outstanding leaders or companies in the field of electric vehicle manufacturing.

Major events and Milestones

  • December 21, 2018: Incorporation of the company.
  • January, 2021: First Sale of 2 Wheeler EV achieved post appointment of Distributors/dealers.
  • July 6, 2021: Obtained Registration and Licence to work a factory for manufacturing facility, situated in Palsana Rajasthan, India.
  • November 30, 2023: Achieved product range of 23 models including 7 variants and appointed more than 224 Distributors and Dealers in 19 States across India.
  • December 13, 2023: The company was converted into Public Limited Company vide a fresh certificate of incorporation issued by Registrar of Companies, Maharashtra, Pune consequent upon conversion from Private Limited to Public Company dated December 13, 2023, in the name of “Tunwal E-Motors Limited”.
  • January 2024: Prototype ready for E Mobility vehicle for differently abled people.


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