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Wardwizard Innovations & Mobility Ltd (538970)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 538970 NSE: Automobile Two & Three Wheelers | Small Cap | Wardwizard Innovat. Share Price

₹6.78 0.11 (1.65%)

As on 10-Jun'26 16:01

Wardwizard Innovations & Mobility Ltd (538970)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 538970 NSE: Automobile Two & Three Wheelers | Small Cap | Wardwizard Innovat. Share Price

₹6.78 0.11 (1.65%)

As on 10-Jun'26 16:01

Key Metrics
Valuation Multiples
Market Cap
₹201 Cr.
Current Price
₹6.8
52-Week Low / High
₹5 / 16
TTM EPS
₹0.1
TTM Sales
₹247 Cr.
Book Value per Share
₹5.1
P/E Ratio
102.58
Lower than its 5-year historical median
Industry PE
31.1
Price to Book (P/B)
1.32
Lower than its 5-year historical median
Price to Sales (P/S)
0.81
Lower than its 5-year historical median
EV/EBITDA
12.70
Lower than its 5-year historical median
Dividend Yield
0.55%
Profitability Efficiency
Return on Equity (ROE)
6.50%
Outperforms industry median
Return on Capital Employed (ROCE)
12.57%
Outperforms industry median
Return on Assets (ROA)
1.93%
Operating Profit Margin
12.2%
Net Profit Margin
2.25%
Gross Profit Margin
5.4%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-4.7%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
14.33%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-52.01%
Asset Quality
Promoter Holding
22.34%
Pledged shares (%) of Promoter's holding (%)
34.53%
Reserves
₹122 Cr.
Equity
₹30.1 Cr.
Face Value
₹1
All Time Low / High
₹2.43 / 98.11

Wardwizard Innovations & Mobility 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 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?
Q.1 Revenue growth of Wardwizard Innovations & Mobility Ltd vs industry peers?
Wardwizard Innovations & Mobility Ltd revenue CAGR is 419.40%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Q.1 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.
Q.1 Stock return of Wardwizard Innovations & Mobility Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 1.8% 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.
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'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 0.1%0.2%0.2%-2.4%-10.3%12.7%26.9%18%18.1%12.6%-
Value Creation
Index
-1.0-1.0-1.0-1.2-1.7-0.10.90.30.3-0.1-

Growth Parameters

Sales 0.20000.139.3185239317302247
Sales YoY Gr.--84.2%-100%NANA49,050%369.4%29.5%32.8%-4.7%-
Adj EPS 000-0-0.10.10.30.40.50.30.1
YoY Gr.-NANANANANA275%16.7%51.4%-52.8%-
BVPS (₹) 11110.91.22.33.33.845.1
Adj Net
Profit
000-0.2-0.91.98.19.314.16.82
Cash Flow from Ops. -0-0.3-0.2-0.3-5.2010.8-17.9-63-68.7-
Debt/CF from Ops. 00-0.10000-0.7-1.3-2.9-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 126.9%419.4%17.9%-4.7%
Adj EPS NANA-5.9%-52.8%
BVPS16.7%36.2%19.4%3.9%
Share Price 1.7% -37.2% -47.6% -56.5%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
0.10.10.2-2.4-10.49.717.912.314.86.51.3
Op. Profit
Mgn %
-119.2-1112.300-1234.97.97.58.110.212.28.5
Net Profit
Mgn %
3.41900-1135.64.84.43.94.52.20.7
Debt to
Equity
00000000.10.81.90
Working Cap
Days
12,65575,3180014,19012314922422033062
Cash Conv.
Cycle
3,54111,037003,690101265912617

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales0000039185239317302
Operating Expenses + 0000136171220285265
Manufacturing Costs0000000000
Material Costs0000032159192226193
Employee Cost 000002681212
Other Costs 0000126194760
Operating Profit -0-0-0-0-1314193237
Operating Profit Margin (%) -119.0%-1,112.3%---1,234.9%7.8%7.5%8.1%10.2%12.2%
Other Income + 0000001000
Exceptional Items 0000000000
Interest 00000001520
Depreciation 0000012577
Profit Before Tax 000-0-1212142110
Tax -0000014464
Profit After Tax 000-0-1289147
PAT Margin (%) 3.4%19.0%---1,135.6%4.8%4.6%4.0%4.5%2.3%
Adjusted EPS (₹)0.00.00.0-0.0-0.10.10.30.40.50.3
Dividend Payout Ratio (%)0%0%0%0%0%58.60%22.90%27.60%27.60%38.40%

Valuation of Wardwizard Innovat. - 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'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 77766276289103106
Share Capital 666672226262626
Reserves 000-0-1536637780
Debt +00000001280186
Long Term Debt000000012104
Short Term Debt0000000070182
Minority Interest0000000000
Trade Payables00000970465962
Others Liabilities 00005350854562
Total Liabilities 77771139183231288416

Fixed Assets

Net Fixed Assets +000001536535452
Gross Block000001639616873
Accumulated Depreciation000001381421
CWIP 00000000014
Investments 0044400000
Inventories00002772697865
Trade Receivables20000361666156
Cash Equivalents 000012171159
Others Assets 5732311528285119
Total Assets 77771139183231288416

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -0-0-0-0-5011-18-63-69
PBT 000-0-1212142110
Adjustment 0-0-0-0-01251227
Changes in Working Capital -0-0-00-4-2-1-33-93-106
Tax Paid 00000-1-2-4-20
Cash Flow From Investing Activity + -00-40-0-12-23-22-8-19
Capex -0000-0-16-23-22-8-5
Net Investments 00-40040-000
Others 000000000-14
Cash Flow From Financing Activity + 004071327336493
Net Proceeds from Shares 0000515261800
Net Proceeds from Borrowing 000000014-2-7
Interest Paid 00000000-5-20
Dividend Paid 000000-0-1-1-2
Others 00402-31372121
Net Cash Flow -00-0-01115-6-65

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)0.10.090.15-2.39-14.1611.319.0512.514.796.5
ROCE (%)0.140.220.2-2.36-10.2812.726.9417.9818.0812.57
Asset Turnover Ratio0.030000.011.571.671.161.260.89
PAT to CFO Conversion(x)N/AN/AN/AN/AN/A01.38-2-4.5-9.86
Working Capital Days
Receivable Days3,489.7000036513.908.7016.7046128.90
Inventory Days51.500007,136.1043.5078106.2081.5083.10
Payable Days00003305491.60110.3084.90114.40

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.546.9112.4530.3547.5538.3334.53
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Wardwizard Innovations & Mobility Ltd FAQs

The current trading price of Wardwizard Innovat. on 10-Jun-2026 16:01 is ₹6.78.

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 09-Jun-2026 the market cap of Wardwizard Innovat. stood at ₹200.7 Cr

The latest P/E ratio of Wardwizard Innovat. as of 09-Jun-2026 is 102.6.

The latest P/B ratio of Wardwizard Innovat. as of 09-Jun-2026 is 1.32.

The 52-week high of Wardwizard Innovat. is ₹16.17 and the 52-week low is ₹5.05.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Wardwizard Innovat. is ₹247 ( 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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