CWD Ltd (543378) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 543378 | NSE: | Electronics - Components | Small Cap

CWD Share Price

1,899.95 0.60 0.03%
as on 05-Dec'25 14:10

CWD Ltd (543378) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 543378 | NSE: | Electronics - Components | Small Cap

DeciZen - make an informed investing decision on CWD

Based on:

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat Undervalued

3. Price Trend

CWD stock performance -

Key Ratios
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P/E Ratio (SA):
332.10
Market Cap:
833.7 Cr.
52-wk low:
660
52-wk high:
1,976

Is CWD Ltd an attractive stock to invest in?

1. Is CWD Ltd a good quality company?

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

2. Is CWD Ltd undervalued or overvalued?

The key valuation ratios of CWD Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

3. Is CWD Ltd a good buy now?

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.

10 Year X-Ray of CWD:

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

Value Creation Index Colour Code Guide

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

Growth Parameters Colour Code Guide

Sales 02.42.514.822.72132.933
Sales YoY Gr.-5,775%4.3%505.3%53.2%-7.7%56.8%-
Adj EPS -530.51.83.96.65.72.85.65.7
YoY Gr.-NA110.3%69.5%-12.5%-51.2%100%-
BVPS (₹) -3,096.3-76.83.952.558.561.793.1198.9
Adj Net
Profit
-0.50.31.12.42.112.13
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

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NA69.5%30.4%56.8%
Adj EPS NA24.9%-5.1%100%
BVPSNANA21%51%
Share Price - - - 181.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
17.1-9.2-147.523.710.34.153.9
Op. Profit
Mgn %
-513.331.941.432.826.125.421.7NAN
Net Profit
Mgn %
-1441.51143.6169.14.86.57.6
Debt to
Equity
-1.1-2.34.10.20.20.50.2-
Working Cap
Days
02034502112754173840
Cash Conv.
Cycle
080235831312901940

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 30.42%

Return on Equity has declined versus last 3 years average to 3.90%

Net Profit has been subdued in last 3 years -5.14%

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - CWD Ltd.

Standalone Consolidated
TTM EPS (₹) 5.7 5.7
TTM Sales (₹ Cr.) 32.9 32.9
BVPS (₹.) 198.9 200.6
Reserves (₹ Cr.) 83 84
P/BV 9.55 9.47
PE 332.10 332.41
From the Market
52 Week Low / High (₹) 660.00 / 1976.00
All Time Low / High (₹) 180.00 / 2425.00
Market Cap (₹ Cr.) 834
Equity (₹ Cr.) 4.4
Face Value (₹) 10
Industry PE 77.3

Management X-Ray of CWD:

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 (%)

Valuation of CWD - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

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Analyst's Notes

data not found
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Key Ratios of CWD

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

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
Interest 0000012
Depreciation 0001333
Exceptional Items 0000000
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 (₹)-123.01.93.98.16.03.16.6
Dividend Payout Ratio (%)0%0%0%0%0%0%0%

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
Minority Interest0000000
Debt46435118
Long Term Debt4421334
Short Term Debt0222295
Trade Payables00132112
Others Liabilities 000661026
Total Liabilities 14631344582

Fixed Assets

Gross Block00213151618
Accumulated Depreciation00024710
Net Fixed Assets 001111198
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

Finance 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 Days1550912474176158
Inventory Days534113288118111149161
Payable Days1,2781443871589654209

CWD Ltd Stock News

CWD Ltd FAQs

The current trading price of CWD on 05-Dec-2025 14:10 is ₹1,900.
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 04-Dec-2025 the market cap of CWD stood at ₹833.7.
The latest P/E ratio of CWD as of 04-Dec-2025 is 332.1.
The latest P/B ratio of CWD as of 04-Dec-2025 is 9.55.
The 52-week high of CWD is ₹1,976 and the 52-week low is ₹660.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of CWD is ₹32.90 ( Cr.) .

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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