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CWD Ltd (543378)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543378 NSE: Electronics - Components | Small Cap | CWD Share Price

₹307.05 -0.60 (-0.20%)

As on 04-Jun'26 16:59

CWD Ltd (543378)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543378 NSE: Electronics - Components | Small Cap | CWD Share Price

₹307.05 -0.60 (-0.20%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹688 Cr.
Current Price
₹307.1
52-Week Low / High
₹214 / 425
TTM EPS
₹5.5
TTM Sales
₹146 Cr.
Book Value per Share
₹53.7
P/E Ratio
55.85
Lower than its 5-year historical median
Industry PE
43.3
Price to Book (P/B)
5.72
Lower than its 5-year historical median
Price to Sales (P/S)
4.72
Lower than its 5-year historical median
EV/EBITDA
23.68
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
8.72%
Outperforms industry median
Return on Capital Employed (ROCE)
9.76%
Outperforms industry median
Return on Assets (ROA)
3.95%
Operating Profit Margin
21.7%
Net Profit Margin
7.63%
Gross Profit Margin
19.3%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
56.82%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
34.02%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
122.12%
Asset Quality
Promoter Holding
58.77%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹98 Cr.
Equity
₹22.4 Cr.
Face Value
₹10
All Time Low / High
₹36.00 / 485.00

CWD 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 CWD Ltd a good quality company?
CWD 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 CWD Ltd performance compare with that of its Peers?
Q.1 Revenue growth of CWD Ltd vs industry peers?
CWD Ltd revenue CAGR is 69.52%, compared to the industry median CAGR of 3.03%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of CWD Ltd?
Promoters hold 58.77% of the CWD Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of CWD Ltd over the last decade?
Over the last 3 year(s), the stock has delivered a CAGR of -3.91% 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.
CWD 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'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % -44.4%37.4%19.8%32.4%14.4%8.2%9.8%-
Value Creation
Index
NA1.70.41.30.0-0.4-0.3-

Growth Parameters

Sales 02.42.514.822.72132.9146
Sales YoY Gr.-5,775%4.3%505.3%53.2%-7.7%56.8%-
Adj EPS -24.80.40.81.31.20.61.15.5
YoY Gr.-NA108.1%70.1%-12.2%-51.3%100%-
BVPS (₹) -144.7-3.60.810.511.712.318.653.7
Adj Net
Profit
-0.50.31.12.42.112.112
Cash Flow from Ops. -0.7-10.62.8-3.1-3.51.8-
Debt/CF from Ops. -5.1-67.31-1.6-3.34.9-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NA69.5%30.4%56.8%
Adj EPS NA24.8%-5.1%100%
BVPSNANA21%50.9%
Share Price - - 5.8% 28.9%

Key Financial Parameters

Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
17.1-9.2-147.523.710.34.1515.2
Op. Profit
Mgn %
-513.331.941.432.826.125.421.7NAN
Net Profit
Mgn %
-1441.51143.6169.14.86.58.5
Debt to
Equity
-1.1-2.34.10.20.20.50.2-
Working Cap
Days
02034502112754173840
Cash Conv.
Cycle
080235831312901940

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales02215232133
Operating Expenses + 02110171626
Manufacturing Costs0000200
Material Costs011491112
Employee Cost 0002335
Other Costs 0103329
Operating Profit -0115657
Operating Profit Margin (%) -513.0%31.9%41.3%32.8%26.1%25.4%21.7%
Other Income + 0001001
Exceptional Items 0000000
Interest 0000012
Depreciation 0001333
Profit Before Tax -1004323
Tax 0-0-11101
Profit After Tax -1013213
PAT Margin (%) -1,439.4%11.3%44.3%19.8%9.5%5.4%7.6%
Adjusted EPS (₹)-24.80.40.81.61.20.61.3
Dividend Payout Ratio (%)0%0%0%0%0%0%0%

Valuation of CWD - 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'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + -3-3119212235
Share Capital 0034444
Reserves -3-3-215181932
Debt +46435118
Long Term Debt4421334
Short Term Debt0222295
Minority Interest0000000
Trade Payables00132112
Others Liabilities 000661026
Total Liabilities 14631344582

Fixed Assets

Net Fixed Assets +001111198
Gross Block00213151618
Accumulated Depreciation00024710
CWIP 0111134
Investments 0000000
Inventories012771019
Trade Receivables011181216
Cash Equivalents flag 00051527
Others Assets 0015647
Total Assets 14631344582

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -1-113-3-42
PBT -1014323
Adjustment 0012344
Changes in Working Capital -1-2-0-3-9-9-5
Tax Paid 000-0-0-0-1
Cash Flow From Investing Activity + -0-1-1-11-2-3-3
Capex 0-0-1-11-2-3-3
Net Investments 0-00-0-00-0
Others -0-100000
Cash Flow From Financing Activity + 1211311123
Net Proceeds from Shares 00215000
Net Proceeds from Borrowing 10-2-1201
Interest Paid -0-0-0-0-0-1-1
Dividend Paid 0000000
Others -020-101223
Net Cash Flow 00-05-4522

Financial Ratio

PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)N/AN/A029.310.785.228.72
ROCE (%)N/AN/A19.8132.4114.48.219.76
Asset Turnover Ratio0.061.050.490.80.70.530.52
PAT to CFO Conversion(x)N/AN/A11-1.5-40.67
Working Capital Days
Receivable Days14.9050.2090.7023.7073.90175.60158.20
Inventory Days533.60113.30287.70117.90111149.20161.30
Payable Days1,277.50143.60386.70158.1096.1054209.10

Management X-Ray

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

CWD Ltd FAQs

The current trading price of CWD on 04-Jun-2026 16:59 is ₹307.1.

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 03-Jun-2026 the market cap of CWD stood at ₹687.9 Cr

The latest P/E ratio of CWD as of 03-Jun-2026 is 55.85.

The latest P/B ratio of CWD as of 03-Jun-2026 is 5.72.

The 52-week high of CWD is ₹425.0 and the 52-week low is ₹214.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of CWD is ₹146 ( Cr.) .

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

The key valuation ratios of CWD 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 CWD Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About CWD Ltd

The company was incorporated as “CWD Innovation Private Limited” on May 30, 2016 under the Companies Act, 2013 with the Registrar of Companies, Mumbai. The status of the Company was changed to public limited and the name of the company was changed to CWD Innovation Limited
vide Special Resolution dated January 30, 2021.The fresh certificate of incorporation consequent to conversion was issued on February 18, 2021 by the Registrar of Companies, Mumbai. Further, the name of the company was changed to “CWD Limited” vide special resolution passed by the shareholders of the company in their meeting held on July 24, 2021 and a fresh Certificate of Incorporation consequent to the change of name was granted to the company on August 11, 2021, by the Registrar of Companies, Mumbai.

CWD stands for Connected Wireless Devices. The company is an Information and Communication Technology (ICT) based company that designs, develops, manufactures, and sells integrated solutions combining the power of software and electronics. All products that are designed and developed in the company are focused on wireless technologies either on short range radio technology like NFC, Bluetooth BLE, WiFi, Zigbee; mid range systems like LORA or long-range communication systems like 5G LTE, NB-IOT, LTE CAT M1 etc.

The company is registered as a start-up with DIPP, with a focus to provide innovative, cost-effective, and comprehensive solutions, products with strategic partnerships for best engineering and support and distribution of its products.

The company is a fully integrated end-to-end integrated solution provider and original equipment manufacturers (OEMs) with capabilities ranging from global sourcing, manufacturing, quality testing, packaging, and logistics. It is an innovation-driven company with strong focus on research and development (R&D), which allows it to develop new products suited to customer requirements and helping them to stay ahead of the curve. It develops and designs products in-house at its own R&D unit. It manufactures and supplies these products to customers globally who in turn distribute these products under their own brands.

It has developed R&D capabilities that include electronics hardware designing, system architecture, mechanical and product designing, prototyping, and testing. Apart from undertaking designing, the company also assists its customers in cost reduction through product engineering.

Business area of the company

The company operates mainly through the segments of Consumer Electronics and Design and Development of Technology Solutions for various Enterprises and Businesses. Its diversified product portfolio includes Smart Medical Consumer Electronics, Products for Vaccine Tracking and Delivery, Tracking devices for Farm Cattle that monitor both movement and health, Electronics for converting Electric Power meter into a Smart Power meter, Employee Safety and
Identity Solutions, Electronics that once embedded provide Smart Lighting capabilities to enterprises and consumers reducing their costs, Bluetooth Low Energy Modules that can be used across various white goods and projects etc. The company’s comprehensive suite of innovative technology allows it to attract new customers and expand existing customer relationships.

Milestones / Achievements

  • 2016: Incorporation of Company as CWD Innovation Pvt. Ltd.
  • 2017: Filed Patent on “A Daisy Chainable Intelligent Modular Switch” Recognized as a startup by the Department of Industrial Policy and Promotion.
  • 2018: Developed World’s first BLE Module with MESH SDK.
  • 2019: Acquisition of 100.00% of the paid-up equity share capital of CWD Innovations HK Limited.
  • 2020: Acquisition of 99.98% of the paid-up equity share capital of CWD Manufacturing Private Limited.
  • 2021: Acquisition of 99.98% of the paid-up equity share capital of SDG Global Private Limited.
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About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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