Key Metrics 
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10 Yrs X-Ray 
Valuation 
Analyst Note 
Qtr. Results 
Financials 
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About
Wardwizard Innovations & Mobility Ltd (WARDINMOBI)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 538970 NSE: WARDINMOBI Automobile Two & Three Wheelers | Small Cap | Wardwizard Innovat. Share Price
₹5.62 -0.04 (-0.71%)
As on 24-Sep'26 16:59
Wardwizard Innovations & Mobility Ltd (WARDINMOBI)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 538970 NSE: WARDINMOBI Automobile Two & Three Wheelers | Small Cap | Wardwizard Innovat. Share Price
₹5.62 -0.04 (-0.71%)
As on 24-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹170 Cr.
Current Price
₹5.6
52-Week Low / High
₹5 / 14
TTM EPS
₹0
TTM Sales
₹276 Cr.
Book Value per Share
₹5
P/E Ratio
180.75
Higher than its 5-year historical median
Industry PE
32.2
Price to Book (P/B)
1.13
Lower than its 5-year historical median
Price to Sales (P/S)
0.62
Lower than its 5-year historical median
EV/EBITDA
14.05
Lower than its 5-year historical median
Dividend Yield
1.73%
Profitability Efficiency
Return on Equity (ROE)
6.17%
Underperforms industry median
Return on Capital Employed (ROCE)
12.48%
Outperforms industry median
Return on Assets (ROA)
1.81%
Operating Profit Margin
12%
Net Profit Margin
2.08%
Gross Profit Margin
5.2%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-4.7%
Operating Profit Growth (1 Year)
-
15.52%
Net Profit Growth (1 Year)
-
-52.68%
Asset Quality
Promoter Holding
22.34%
Pledged shares (%) of Promoter's holding (%)
34.53%
Reserves
₹120 Cr.
Equity
₹30.1 Cr.
Face Value
₹1
All Time Low / High
₹2.43 / 98.11
Check Before You Invest
Quality
Not GoodValuation
UndervaluedCheck Valuation charts
Price Trend
Weak
Is Wardwizard Innovations & Mobility Ltd a good quality company?
Wardwizard Innovations & Mobility 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 Wardwizard Innovations & Mobility Ltd performance compare with that of its Peers?
Revenue growth of Wardwizard Innovations & Mobility Ltd vs industry peers?
Wardwizard Innovations & Mobility Ltd revenue CAGR is 0.00%, compared to the industry median CAGR of 0.00%, indicating stable growth and maintaining its market share.
Promoter shareholding and pledge status of Wardwizard Innovations & Mobility Ltd?
Promoters hold 22.34% of the Wardwizard Innovations & Mobility Ltd, with 34.53% of their stake pledged, indicating high pledge risk.
Stock return of Wardwizard Innovations & Mobility Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of -0.8% based on the current price.
10 Year X-Ray :
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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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 ⓘ
| Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 0.1% | 0.2% | 0.2% | -2.4% | -10.3% | 12.7% | 26.9% | 18% | 18.1% | 12.6% | - |
| Value Creation Index ⓘ | -1.0 | -1.0 | -1.0 | -1.2 | -1.7 | -0.1 | 0.9 | 0.3 | 0.3 | -0.1 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 0.2 | 0 | 0 | 0 | 0.1 | 39.3 | 185 | 239 | 317 | 302 | 276 |
| Sales YoY Gr. | - | -84.2% | -100% | NA | NA | 49,050% | 369.4% | 29.5% | 32.8% | -4.7% | - |
| Adj EPS ⓘ | 0 | 0 | 0 | -0 | -0.1 | 0.1 | 0.3 | 0.4 | 0.5 | 0.3 | 0 |
| YoY Gr. | - | NA | NA | NA | NA | NA | 275% | 16.7% | 51.4% | -52.8% | - |
| BVPS (₹) ⓘ | 1 | 1 | 1 | 1 | 0.9 | 1.2 | 2.3 | 3.3 | 3.8 | 4 | 5.1 |
| Adj Net Profit ⓘ | 0 | 0 | 0 | -0.2 | -0.9 | 1.9 | 8.1 | 9.3 | 14.1 | 6.8 | 1 |
| Cash Flow from Ops. ⓘ | -0 | -0.3 | -0.2 | -0.3 | -5.2 | 0 | 10.8 | -17.9 | -63 | -68.7 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | -0.1 | 0 | 0 | 0 | 0 | -0.7 | -1.3 | -2.9 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 126.9% | 419.4% | 17.9% | -4.7% | ||||
| Adj EPS ⓘ | NA | NA | -5.9% | -52.8% | ||||
| BVPSⓘ | 16.7% | 36.2% | 19.4% | 3.9% | ||||
| Share Price | -0.9% | -40.4% | -47.6% | -56.6% | ||||
Key Financial Parameters ⓘ
| Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 0.1 | 0.1 | 0.2 | -2.4 | -10.4 | 9.7 | 17.9 | 12.3 | 14.8 | 6.5 | 0.7 |
| Op. Profit Mgn % ⓘ | -119.2 | -1112.3 | 0 | 0 | -1234.9 | 7.9 | 7.5 | 8.1 | 10.2 | 12.2 | 7.5 |
| Net Profit Mgn % ⓘ | 3.4 | 19 | 0 | 0 | -1135.6 | 4.8 | 4.4 | 3.9 | 4.5 | 2.2 | 0.3 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.1 | 0.8 | 1.9 | - |
| Working Cap Days ⓘ | 12,655 | 75,318 | 0 | 0 | 14,190 | 123 | 149 | 224 | 220 | 330 | 62 |
| Cash Conv. Cycle ⓘ | 3,541 | 11,037 | 0 | 0 | 3,690 | 10 | 1 | 26 | 59 | 126 | 17 |
Valuation of Wardwizard Innovat. - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.54 | 6.91 | 12.45 | 30.35 | 47.55 | 38.33 | 34.53 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'23 | Mar'24 | Mar'25 |
|---|---|---|---|---|---|---|---|
| Sales | 0 | 0 | 0 | 0 | 239 | 321 | 305 |
| Operating Expenses ⓘ + | 0 | 0 | 0 | 1 | 220 | 290 | 268 |
| Operating Profit ⓘ | -0 | -0 | -0 | -1 | 19 | 32 | 37 |
| Operating Profit Margin (%) | -1,110.3% | - | - | -1,245.6% | 7.8% | 9.8% | 12.0% |
| Other Income ⓘ + | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest ⓘ | 0 | 0 | 0 | 0 | 1 | 5 | 20 |
| Depreciation ⓘ | 0 | 0 | 0 | 0 | 5 | 7 | 7 |
| Profit Before Tax ⓘ | 0 | 0 | -0 | -1 | 13 | 20 | 10 |
| Tax ⓘ | 0 | 0 | 0 | 0 | 4 | 6 | 4 |
| Profit After Tax | 0 | -0 | -0 | -1 | 9 | 13 | 6 |
| PAT Margin (%) | 19.0% | - | - | -1,146.2% | 3.7% | 4.2% | 2.1% |
| Adjusted EPS (₹) | 0.0 | 0.0 | -0.0 | -0.1 | 0.3 | 0.5 | 0.2 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 29.50% | 29.10% | 41% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'23 | Mar'24 | Mar'25 | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 7 | 6 | 6 | 6 | 88 | 101 | 105 | ||||
| Debt + | 0 | 0 | 0 | 0 | 12 | 80 | 186 | ||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Trade Payables | 0 | 0 | 0 | 0 | 46 | 59 | 62 | ||||
| Others Liabilities ⓘ | 0 | 0 | 0 | 5 | 85 | 46 | 63 | ||||
| Total Liabilities ⓘ | 7 | 7 | 6 | 11 | 231 | 287 | 416 | ||||
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 0 | 0 | 0 | 0 | 53 | 54 | 52 | ||||
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 14 | ||||
| Investments ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Inventories | 0 | 0 | 0 | 2 | 69 | 78 | 65 | ||||
| Trade Receivables | 0 | 0 | 0 | 0 | 16 | 66 | 156 | ||||
| Cash Equivalents | 0 | 0 | 0 | 1 | 11 | 5 | 9 | ||||
| Others Assets ⓘ | 7 | 7 | 6 | 7 | 81 | 84 | 119 | ||||
| Total Assets ⓘ | 7 | 7 | 6 | 11 | 231 | 287 | 416 | ||||
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'23 | Mar'24 | Mar'25 |
|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | -0 | 4 | 0 | -5 | -18 | -63 | -69 |
| Cash Flow From Investing Activity ⓘ + | 0 | 0 | -0 | -0 | -21 | -8 | -19 |
| Cash Flow From Financing Activity ⓘ + | 0 | -4 | -0 | 7 | 34 | 64 | 93 |
| Net Cash Flow ⓘ | 0 | -0 | -0 | 1 | -6 | -6 | 4 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'23 | Mar'24 | Mar'25 | |||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 0.09 | -0.04 | -2.72 | -15 | 18.78 | 14.18 | 6.17 | |||
| ROCE (%) | 0.23 | 0.02 | -2.67 | -10.75 | 25.38 | 17.7 | 12.48 | |||
| Asset Turnover Ratio | 0 | 0 | 0 | 0.01 | 1.99 | 1.28 | 0.9 | |||
| PAT to CFO Conversion(x) | N/A | N/A | N/A | N/A | -2 | -4.85 | -11.5 | |||
| Working Capital Days | ||||||||||
| Receivable Days | 0 | 0 | 0 | 365 | 12.30 | 45.40 | 127.90 | |||
| Inventory Days | 0 | 0 | 0 | 7,136.10 | 53.60 | 80.50 | 82.40 | |||
| Payable Days | 0 | 0 | 0 | 381.50 | 43.70 | 83.60 | 113.70 | |||
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Wardwizard Innovations & Mobility Ltd FAQs
The current trading price of Wardwizard Innovat. on 24-Sep-2026 16:59 is ₹5.62.
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 23-Sep-2026 the market cap of Wardwizard Innovat. stood at ₹170.3 Cr
The latest P/E ratio of Wardwizard Innovat. as of 23-Sep-2026 is 166.3.
The latest P/B ratio of Wardwizard Innovat. as of 23-Sep-2026 is 1.12.
The 52-week high of Wardwizard Innovat. is ₹13.95 and the 52-week low is ₹5.05.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Wardwizard Innovat. is ₹276 ( Cr.) .
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Wardwizard Innovations & Mobility Ltd is a below average quality company.
The key valuation ratios of Wardwizard Innovations & Mobility 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 Wardwizard Innovations & Mobility Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
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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