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BSE: 0 | NSE: TUNWAL | Automobile Two & Three Wheelers | Small Cap
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.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| ROCE % ⓘ | 10.7% | 37.7% | 26.3% | 52.4% | - |
| Value Creation Index ⓘ | -0.2 | 1.7 | 0.9 | 2.7 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||
| Sales ⓘ | 1.3 | 75.5 | 76.5 | 105 | 105 |
| Sales YoY Gr. | - | 5,795.3% | 1.4% | 36.7% | - |
| Adj EPS ⓘ | 0 | 0.6 | 1.1 | 2.8 | 2.1 |
| YoY Gr. | - | 1275% | 90.9% | 163.8% | - |
| BVPS (₹) ⓘ | 0.3 | 1 | 2 | 5 | 24.4 |
| Adj Net Profit ⓘ | 0.1 | 2.3 | 4.3 | 11.5 | 12 |
| Cash Flow from Ops. ⓘ | 2 | -2.6 | -2.1 | 0.2 | - |
| Debt/CF from Ops. ⓘ | 1.6 | -5.3 | -9.1 | 114.7 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 334% | 36.7% | ||||
| Adj EPS ⓘ | NA | NA | 310.7% | 163.8% | ||||
| BVPSⓘ | NA | NA | 154.6% | 148.7% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| Return on Equity % ⓘ | 13.5 | 92.5 | 69.7 | 79.9 | 14.6 |
| Op. Profit Mgn % ⓘ | 34.6 | 5.7 | 9.8 | 17.1 | NAN |
| Net Profit Mgn % ⓘ | 6.6 | 3 | 5.7 | 11 | 11.3 |
| Debt to Equity ⓘ | 5.3 | 3.2 | 2.3 | 1 | - |
| Working Cap Days ⓘ | 0 | 92 | 191 | 182 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 25 | 22 | 85 | 0 |
Sales growth is growing at healthy rate in last 3 years 333.95%
Net Profit is growing at healthy rate in last 3 years 310.65%
Debt to equity has declined versus last 3 years average to 1.00
Return on Equity has declined versus last 3 years average to 14.60%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 2.1 | - |
| TTM Sales (₹ Cr.) | 105 | - |
| BVPS (₹.) ⓘ | 24.4 | - |
| Reserves (₹ Cr.) ⓘ | 124 | - |
| P/BV ⓘ | 1.90 | - |
| PE ⓘ | 21.70 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 256 |
| Equity (₹ Cr.) | 11.1 |
| Face Value (₹) | 2 |
| Industry PE ⓘ | 38.8 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Sales | 1 | 75 | 77 | 105 |
| Operating Expenses ⓘ | 1 | 71 | 70 | 87 |
| Manufacturing Costs | 0 | 8 | 5 | 6 |
| Material Costs | 1 | 60 | 60 | 76 |
| Employee Cost | 0 | 1 | 2 | 3 |
| Other Costs ⓘ | 0 | 1 | 3 | 3 |
| Operating Profit ⓘ | 0 | 4 | 7 | 18 |
| Operating Profit Margin (%) | 33.3% | 5.7% | 8.6% | 17.0% |
| Other Income ⓘ | 0 | 0 | 0 | 1 |
| Interest ⓘ | 0 | 1 | 1 | 2 |
| Depreciation ⓘ | 0 | 0 | 1 | 1 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0 | 3 | 5 | 16 |
| Tax ⓘ | 0 | 1 | 1 | 4 |
| Profit After Tax | 0 | 2 | 4 | 12 |
| PAT Margin (%) | 5.6% | 3.1% | 4.9% | 11.3% |
| Adjusted EPS (₹) | 0.0 | 0.6 | 0.9 | 2.9 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 1 | 4 | 8 | 21 | ||||||
| Share Capital ⓘ | 1 | 1 | 4 | 8 | ||||||
| Reserves ⓘ | 0 | 3 | 4 | 12 | ||||||
| Minority Interest | 0 | 0 | 0 | 0 | ||||||
| Debt | 3 | 13 | 18 | 20 | ||||||
| Long Term Debt | 1 | 4 | 3 | 3 | ||||||
| Short Term Debt | 2 | 9 | 15 | 17 | ||||||
| Trade Payables | 0 | 25 | 16 | 17 | ||||||
| Others Liabilities ⓘ | 2 | 8 | 14 | 18 | ||||||
| Total Liabilities ⓘ | 6 | 50 | 57 | 76 | ||||||
Fixed Assets | ||||||||||
| Gross Block | 4 | 11 | 12 | 14 | ||||||
| Accumulated Depreciation | 0 | 0 | 1 | 2 | ||||||
| Net Fixed Assetsⓘ | 4 | 10 | 11 | 11 | ||||||
| CWIP ⓘ | 0 | 0 | 0 | 0 | ||||||
| Investmentsⓘ | 0 | 0 | 0 | 0 | ||||||
| Inventories | 0 | 30 | 26 | 52 | ||||||
| Trade Receivables | 0 | 1 | 6 | 3 | ||||||
| Cash Equivalents | 1 | 3 | 3 | 3 | ||||||
| Others Assetsⓘ | 0 | 7 | 11 | 7 | ||||||
| Total Assets ⓘ | 6 | 50 | 57 | 76 | ||||||
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 2 | -3 | -2 | 0 |
| PBT ⓘ | 0 | 3 | 5 | 16 |
| Adjustment ⓘ | 0 | 1 | 2 | 3 |
| Changes in Working Capital ⓘ | 2 | -6 | -8 | -18 |
| Tax Paid ⓘ | 0 | -1 | -1 | 0 |
| Cash Flow From Investing Activity ⓘ | -2 | -7 | -2 | -1 |
| Capex | -2 | -7 | -2 | -1 |
| Net Investments | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | 0 | 11 | 5 | 0 |
| Net Proceeds from Shares ⓘ | 1 | 1 | 0 | 1 |
| Net Proceeds from Borrowing ⓘ | 0 | 3 | 0 | -1 |
| Interest Paid ⓘ | 0 | -1 | -1 | -2 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 8 | 6 | 2 |
| Net Cash Flow ⓘ | 1 | 2 | 1 | -1 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 11.51 | 96.09 | 59.77 | 82.17 | ||||||
| ROCE (%) | 10.73 | 37.66 | 26.25 | 52.37 | ||||||
| Asset Turnover Ratio | 0.22 | 2.69 | 1.43 | 1.58 | ||||||
| PAT to CFO Conversion(x) | N/A | -1.5 | -0.5 | 0 | Working Capital Days | |||||
| Receivable Days | 24 | 2 | 16 | 15 | ||||||
| Inventory Days | 14 | 72 | 133 | 136 | ||||||
| Payable Days | 4 | 76 | 125 | 80 | ||||||
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
Major events and Milestones
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
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Here is the summary:
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