Wardwizard Innovations & Mobility Ltd - Stock Valuation and Financial Performance

BSE: 538970 | NSE: | Automobile Two & Three Wheelers | Small Cap

Wardwizard Innovat. Share Price

56.82 -0.38 -0.66%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Wardwizard Innovat.

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Wardwizard Innovations & Mobility stock performance -

mw4me loader
P/E Ratio (SA):
131.71
Market Cap:
1,491.2 Cr.
52-wk low:
33.2
52-wk high:
86.5

Is Wardwizard Innovations & Mobility Ltd an attractive stock to invest in?

1. Is Wardwizard Innovations & Mobility Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Wardwizard Innovations & Mobility Ltd is a below average quality company.

2. Is Wardwizard Innovations & Mobility Ltd undervalued or overvalued?

The key valuation ratios of Wardwizard Innovations & Mobility Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Wardwizard Innovations & Mobility Ltd a good buy now?

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

10 Year X-Ray of Wardwizard Innovat.:

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.
Wardwizard Innovations & Mobility Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 9.5%0.2%0.1%0.1%0.2%-2.4%-10.4%9.7%17.9%12.3%-
Value Creation
Index
-0.3-1.0-1.0-1.0-1.0-1.2-1.7-0.30.3-0.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 5.11.10.20000.139.3185239240
Sales YoY Gr.--77.7%-83.2%-84.2%-100%NANA49,050%369.4%29.5%-
Adj EPS 0.70000-0-0.10.10.30.40.4
YoY Gr.--100%NANANANANANA244.4%12.9%-
BVPS (₹) 1.2111110.91.22.43.43.8
Adj Net
Profit
0.30000-0.2-0.91.98.19.311
Cash Flow from Ops. -5.4-0.50-0.3-0.2-0.3-5.2010.8-17.9-
Debt/CF from Ops. 0000-0.10000-0.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 53.5%NA1340.1%29.5%
Adj EPS -7.1%NANA12.9%
BVPS12%27.3%57.7%42.1%
Share Price - -6.2% -9.4% 5.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
9.50.10.10.10.2-2.4-10.49.717.912.312
Op. Profit
Mgn %
9.31.9-119.2-1112.300-1234.97.97.58.111.1
Net Profit
Mgn %
6.40.83.41900-1135.64.84.43.94.7
Debt to
Equity
0000000000.1-
Working Cap
Days
2312,05412,65575,3180014,190123149227154
Cash Conv.
Cycle
625593,54111,037003,6901012611

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 1340.10%

Return on Equity has declined versus last 3 years average to 12.00%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at -11.47%

Latest Financials - Wardwizard Innovations & Mobility Ltd.

Standalone Consolidated
TTM EPS (₹) 0.4 0.4
TTM Sales (₹ Cr.) 240 244
BVPS (₹.) 3.8 3.7
Reserves (₹ Cr.) 72 71
P/BV 15.23 15.41
PE 131.71 143.45
From the Market
52 Week Low / High (₹) 33.21 / 86.50
All Time Low / High (₹) 2.49 / 100.70
Market Cap (₹ Cr.) 1,491
Equity (₹ Cr.) 26.1
Face Value (₹) 1
Industry PE 34.4

Management X-Ray of Wardwizard Innovat.:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Wardwizard Innovat.

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales510000039185239
Operating Expenses 510000136171219
Manufacturing Costs0000000000
Material Costs410000032159192
Employee Cost 0000000268
Other Costs 00000012619
Operating Profit 000000-131419
Operating Profit Margin (%) 9.3%1.9%-119.0%-1,112.3%---1,234.9%7.8%7.5%8.1%
Other Income 0000000010
Interest 0000000001
Depreciation 0000000125
Exceptional Items 0000000000
Profit Before Tax 000000-121214
Tax 0000000144
Profit After Tax 000000-1289
PAT Margin (%) 6.4%0.8%3.4%19.0%---1,135.6%4.8%4.6%4.0%
Adjusted EPS (₹)0.70.00.00.00.00.0-0.10.10.30.4
Dividend Payout Ratio (%)0%0%0%0%0%0%0%59%23%28%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 1777766276289
Share Capital 0366667222626
Reserves 030000-153663
Minority Interest0000000000
Debt00000000012
Long Term Debt00000000012
Short Term Debt0000000000
Trade Payables000000097046
Others Liabilities 600000535085
Total Liabilities 7777771139183231

Fixed Assets

Gross Block0000000163961
Accumulated Depreciation0000000138
Net Fixed Assets0000000153653
CWIP 0000000000
Investments 0000444000
Inventories000000277269
Trade Receivables22200003616
Cash Equivalents 100000121711
Others Assets4557323115282
Total Assets 7777771139183231

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -5-10000-5011-18
PBT 000000-121214
Adjustment 0000000125
Changes in Working Capital -6-1-0-0-00-4-2-1-33
Tax Paid 0000000-1-2-4
Cash Flow From Investing Activity 0000-400-12-23-22
Capex 0000000-16-23-22
Net Investments 0000-400400
Others 0000000000
Cash Flow From Financing Activity 6000407132733
Net Proceeds from Shares 6000005152618
Net Proceeds from Borrowing 00000000014
Interest Paid 0000000000
Dividend Paid 000000000-1
Others 0000402-313
Net Cash Flow 1-100001115-6
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)75.170.250.10.090.15-2.39-14.1611.319.0512.5
ROCE (%)13.70.070.140.220.2-2.36-10.2812.726.9418.25
Asset Turnover Ratio1.430.170.030000.011.571.671.15
PAT to CFO Conversion(x)-INF-INFNANNANNANNANN/A01.38-2
Working Capital Days
Receivable Days615473,49000036514917
Inventory Days312520007,1364378107
Payable Days0000003305492110

Wardwizard Innovations & Mobility Ltd Stock News

Wardwizard Innovations & Mobility Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Wardwizard Innovat. on 28-Mar-2024 16:01 is ₹56.82.
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 28-Mar-2024 16:01 the market cap of Wardwizard Innovat. stood at ₹1,491.2.
The latest P/E ratio of Wardwizard Innovat. as of 28-Mar-2024 16:01 is 131.7.
The latest P/B ratio of Wardwizard Innovat. as of 28-Mar-2024 16:01 is 15.23.
The 52-week high of Wardwizard Innovat. is ₹86.50 and the 52-week low is ₹33.21.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Wardwizard Innovat. is ₹239.8 ( Cr.) .

About Wardwizard Innovations & Mobility Ltd

Wardwizard Innovations & Mobility Limited (Formerly Known as Manvijay Development Company Limited) is a Public listed company incorporated on October 20, 1982. In the year 2019, there has been change in the Control & Management of the Company pursuant to successful completion of Open Offer by the Acquirers (Mr. Yatin Gupte & others) on September 24, 2019.

Shares of the Company got listed on the Bombay Stock Exchange on February 27, 2015 subsequently the name has since been changed to Wardwizard Innovations & Mobility Limited on June 9, 2020.

Business area of the company

The company is engaged in the manufacturing and selling of Electrical Vehicles, Spare parts and other related services. Further the company is also engaged in Trading of Home appliances, White Goods and Digital business process support services.

Awards and accolades

  • 2018: Bharat Gaurav Award 2018- For Environment Conservation.
  • 2018: India's Top 500 CEO Award - 2018, By Benchmark Trust, TOV.
  • 2018: India's 5000 Best MSME Award - 2018, By Benchmark Trust, TOV.
  • 2019: Best Corporate innovative Product - 2019 By Times Icon of Vadodara.
  • 2019: Leading E-Bike Manufacturer Award - 2019, By Pride of Gujarat - News 18 Gujarati. Ahmedabad by Chief Minister of Gujarat - Shri Vijay Rupani.
  • 2019: Best Electric Vehicle Manufacturing CEO - 2019 By, Global CEO Excellence Award.
  • 2019: Innovative Electric Vehicle Manufacturer - 2019 by TV9 Gujarati.
  • 2020: Nominated as the fastest growing leaders 2019-2020 by Asia.
  • 2020: Fastest Growing E2W Company in India by ET Edge in the 3rd edition of The Best Brands 2020.
  • 2020-21: The Economic Times Most Promising Most Promising Business Leader of Asia 2020 -2021.
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