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10 Yrs X-Ray 
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About
CWD Ltd (543378)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543378 NSE: Electronics - Components | Small Cap | CWD Share Price
₹253.85 -11.15 (-4.21%)
As on 08-Nov'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
₹253.85 -11.15 (-4.21%)
As on 08-Nov'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹653 Cr.
Current Price
₹253.9
52-Week Low / High
₹248 / 425
TTM EPS
₹4.5
TTM Sales
₹142 Cr.
Book Value per Share
₹117.7
P/E Ratio
58.72
Lower than its 5-year historical median
Industry PE
44.4
Price to Book (P/B)
2.25
Lower than its 5-year historical median
Price to Sales (P/S)
4.60
Lower than its 5-year historical median
EV/EBITDA
25.20
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
16.10%
Outperforms industry median
Return on Capital Employed (ROCE)
17.95%
Outperforms industry median
Return on Assets (ROA)
6.89%
Outperforms industry median
Operating Profit Margin
15.6%
Outperforms industry median
Net Profit Margin
7.84%
Outperforms industry median
Gross Profit Margin
15%
Outperforms industry median
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
343.25%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
205.89%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
343.03%
Asset Quality
Promoter Holding
55.80%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹265 Cr.
Equity
₹24.6 Cr.
Face Value
₹10
All Time Low / High
₹36.00 / 485.00
Check Before You Invest
Quality
Not GoodValuation
UndervaluedCheck Valuation charts
Price Trend
Weak
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?
Revenue growth of CWD Ltd vs industry peers?
CWD Ltd revenue CAGR is 111.02%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of CWD Ltd?
Promoters hold 55.80% of the CWD Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of CWD Ltd over the last decade?
Over the last 5 year(s), the stock has delivered a CAGR of 39.04% 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.
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'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | -44.4% | 37.4% | 19.8% | 32.4% | 14.4% | 8.2% | 9.8% | 19.3% | - |
| Value Creation Index ⓘ | NA | 1.7 | 0.4 | 1.3 | 0.0 | -0.4 | -0.3 | 0.4 | - |
Growth Parameters ⓘ |
|||||||||
| Sales ⓘ | 0 | 2.4 | 2.5 | 14.8 | 22.7 | 21 | 32.9 | 146 | 146 |
| Sales YoY Gr. | - | 5,775% | 4.3% | 505.3% | 53.2% | -7.7% | 56.8% | 343.3% | - |
| Adj EPS ⓘ | -24.8 | 0.4 | 0.8 | 1.3 | 1.2 | 0.6 | 1.1 | 5.6 | 5 |
| YoY Gr. | - | NA | 108.1% | 70.1% | -12.2% | -51.3% | 100% | 397.3% | - |
| BVPS (₹) ⓘ | -144.7 | -3.6 | 0.8 | 10.5 | 11.7 | 12.3 | 18.6 | 46.3 | 118 |
| Adj Net Profit ⓘ | -0.5 | 0.3 | 1.1 | 2.4 | 2.1 | 1 | 2.1 | 12.4 | 12 |
| Cash Flow from Ops. ⓘ | -0.7 | -1 | 0.6 | 2.8 | -3.1 | -3.5 | 1.8 | -49.1 | - |
| Debt/CF from Ops. ⓘ | -5.1 | -6 | 7.3 | 1 | -1.6 | -3.3 | 4.9 | -1.6 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | 126.4% | 85.8% | 343.3% | ||||
| Adj EPS ⓘ | NA | 48.6% | 69.2% | 397.3% | ||||
| BVPSⓘ | NA | 126.8% | 58.1% | 148.5% | ||||
| Share Price | - | 38.2% | 16.6% | -23% | ||||
Key Financial Parameters ⓘ
| Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 17.1 | -9.2 | -147.5 | 23.7 | 10.3 | 4.1 | 5 | 14.4 | 6.1 |
| Op. Profit Mgn % ⓘ | -513.3 | 31.9 | 41.4 | 32.8 | 26.1 | 25.4 | 21.7 | 16.2 | NAN |
| Net Profit Mgn % ⓘ | -1441.5 | 11 | 43.6 | 16 | 9.1 | 4.8 | 6.5 | 8.5 | 8.4 |
| Debt to Equity ⓘ | -1.1 | -2.3 | 4.1 | 0.2 | 0.2 | 0.5 | 0.2 | 0.8 | - |
| Working Cap Days ⓘ | 0 | 203 | 450 | 211 | 275 | 417 | 384 | 228 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 80 | 235 | 83 | 131 | 290 | 194 | 89 | 0 |
Valuation of CWD - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|
| Sales | 3 | 3 | 15 | 23 | 21 | 33 | 142 |
| Operating Expenses ⓘ + | 2 | 2 | 10 | 17 | 16 | 26 | 120 |
| Operating Profit ⓘ | 1 | 1 | 5 | 6 | 5 | 7 | 22 |
| Operating Profit Margin (%) | 33.8% | 41.2% | 33.7% | 26.1% | 25.4% | 21.7% | 15.4% |
| Other Income ⓘ + | 0 | 0 | 1 | 0 | 0 | 1 | 5 |
| Interest ⓘ | 0 | 0 | 0 | 0 | 1 | 2 | 5 |
| Depreciation ⓘ | 0 | 0 | 1 | 3 | 3 | 3 | 3 |
| Profit Before Tax ⓘ | 1 | 1 | 4 | 3 | 2 | 3 | 18 |
| Tax ⓘ | -0 | -1 | 1 | 1 | 0 | 1 | 7 |
| Profit After Tax | 1 | 1 | 3 | 2 | 1 | 3 | 11 |
| PAT Margin (%) | 17.0% | 40.3% | 20.7% | 9.5% | 5.4% | 7.6% | 7.8% |
| Adjusted EPS (₹) | 0.7 | 1.0 | 1.7 | 1.2 | 0.6 | 1.3 | 5.0 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | -2 | 2 | 20 | 22 | 23 | 36 | 102 | ||||
| Debt + | 6 | 4 | 3 | 5 | 12 | 8 | 78 | ||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | -0 | ||||
| Trade Payables | 0 | 1 | 2 | 1 | 1 | 12 | 36 | ||||
| Others Liabilities ⓘ | 0 | 0 | 6 | 6 | 10 | 26 | 24 | ||||
| Total Liabilities ⓘ | 4 | 7 | 31 | 34 | 47 | 83 | 240 | ||||
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 0 | 1 | 11 | 11 | 9 | 8 | 35 | ||||
| CWIP ⓘ | 1 | 1 | 1 | 1 | 3 | 4 | 8 | ||||
| Investments ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Inventories | 1 | 3 | 7 | 7 | 10 | 19 | 58 | ||||
| Trade Receivables | 1 | 1 | 1 | 8 | 13 | 17 | 35 | ||||
| Cash Equivalents | 0 | 0 | 5 | 1 | 5 | 27 | 57 | ||||
| Others Assets ⓘ | 1 | 1 | 5 | 6 | 5 | 7 | 45 | ||||
| Total Assets ⓘ | 4 | 7 | 31 | 34 | 47 | 83 | 240 | ||||
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | -1 | 0 | 3 | -3 | -5 | 3 | -48 |
| Cash Flow From Investing Activity ⓘ + | -1 | -1 | -11 | -3 | -3 | -3 | -31 |
| Cash Flow From Financing Activity ⓘ + | 2 | 1 | 13 | 1 | 12 | 22 | 109 |
| Net Cash Flow ⓘ | 0 | -0 | 5 | -4 | 5 | 22 | 30 |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | N/A | 0 | 29.11 | 10.36 | 5.05 | 8.49 | 16.1 | |||
| ROCE (%) | N/A | 24.86 | 32.27 | 13.9 | 7.89 | 9.51 | 17.95 | |||
| Asset Turnover Ratio | 0.72 | 0.6 | 0.79 | 0.7 | 0.52 | 0.51 | 0.88 | |||
| PAT to CFO Conversion(x) | -1 | 0 | 1 | -1.5 | -5 | 1 | -4.36 | |||
| Working Capital Days | ||||||||||
| Receivable Days | 78 | 70.50 | 24.60 | 73.90 | 184 | 169 | 67.70 | |||
| Inventory Days | 170.20 | 241.90 | 124.10 | 111 | 149.20 | 161.30 | 98.80 | |||
| Payable Days | 196.40 | 266.20 | 139.40 | 60.40 | 39.40 | 209.60 | 78.80 | |||
Top 5 Mutual Funds Holding
Last Visited Stocks
Announcements
Annual reports
No annual reports available.
Concalls
No concalls available.
CWD Ltd FAQs
The current trading price of CWD on 08-Nov-2026 16:59 is ₹253.8.
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 07-Nov-2026 the market cap of CWD stood at ₹652.8 Cr
The latest P/E ratio of CWD as of 07-Nov-2026 is 53.01.
The latest P/B ratio of CWD as of 07-Nov-2026 is 2.25.
The 52-week high of CWD is ₹425.0 and the 52-week low is ₹248.0.
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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