Wardwizard Innovations & Mobility Ltd

Wardwizard Innovations & Mobility Ltd

₹ 63.7 -3.83%
26 Apr - close price
About

Wardwizard Innovations & Mobility Limited focuses to provide clean and greener alternatives to current ways of life through two star products, Joy E-Bikes and Vyom Innovations.

Key Points

Leading EV Manufacturer
The Company is the 1st entity to get listed on BSE with the core business of Electric vehicle manufacturing. Co. first introduced its electric bicycle in 2016 and later introduced low-speed e-vehicles like Gen-next, Glob, wolf, and Monster. [1]
The company sold more than 30,000 units of EV in FY22 as compared to 4229 units in FY21. [2]

  • Market Cap 1,661 Cr.
  • Current Price 63.7
  • High / Low 86.5 / 33.2
  • Stock P/E 117
  • Book Value 3.94
  • Dividend Yield 0.16 %
  • ROCE 17.8 %
  • ROE 14.8 %
  • Face Value 1.00

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 146% CAGR over last 5 years

Cons

  • Stock is trading at 16.2 times its book value
  • Promoter holding has decreased over last quarter: -0.96%
  • Debtor days have increased from 37.6 to 76.4 days.
  • Working capital days have increased from 43.9 days to 125 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
18.25 11.46 33.50 58.11 81.49 54.66 63.89 69.83 50.55 37.87 45.11 106.29 128.05
15.50 10.44 30.72 53.78 75.73 51.07 59.39 63.34 45.93 33.11 39.27 94.83 117.83
Operating Profit 2.75 1.02 2.78 4.33 5.76 3.59 4.50 6.49 4.62 4.76 5.84 11.46 10.22
OPM % 15.07% 8.90% 8.30% 7.45% 7.07% 6.57% 7.04% 9.29% 9.14% 12.57% 12.95% 10.78% 7.98%
-1.15 0.07 0.02 0.19 0.30 0.06 0.09 0.00 0.21 0.02 0.02 0.04 0.17
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.17 0.48 0.11 0.81 0.94 1.60 1.87
Depreciation 0.30 0.38 0.45 0.64 0.86 0.86 1.05 1.25 1.79 1.55 1.65 1.73 1.75
Profit before tax 1.30 0.71 2.35 3.88 5.20 2.79 3.37 4.76 2.93 2.42 3.27 8.17 6.77
Tax % 46.92% 0.00% 31.06% 26.03% 36.92% 25.81% 25.82% 27.94% 50.51% 27.69% 26.30% 30.11% 36.78%
0.69 0.71 1.62 2.87 3.28 2.06 2.50 3.43 1.45 1.75 2.42 5.70 4.28
EPS in Rs 0.03 0.03 0.06 0.11 0.13 0.08 0.10 0.13 0.06 0.07 0.09 0.22 0.16
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0 5 1 0 0 0 0 0 39 185 239 317
0 5 1 0 0 0 0 1 36 171 219 285
Operating Profit 0 0 0 -0 -0 -0 -0 -1 3 14 19 32
OPM % 80% 9% 3% -121% -1,167% -1,225% 8% 8% 8% 10%
-0 0 0 0 0 0 0 0 0 1 0 0
Interest 0 0 0 0 0 0 0 0 0 0 1 5
Depreciation 0 0 0 0 0 0 0 0 1 2 5 7
Profit before tax 0 0 0 0 0 0 -0 -1 2 12 14 21
Tax % 33% 32% 0% 50% 0% 0% -1% 25% 30% 32% 31%
0 0 0 0 0 0 -0 -1 2 8 9 14
EPS in Rs 0.05 0.82 0.00 0.00 0.00 0.00 -0.02 -0.12 0.08 0.32 0.36 0.54
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 59% 23% 28% 0%
Compounded Sales Growth
10 Years: 51%
5 Years: %
3 Years: 101%
TTM: 33%
Compounded Profit Growth
10 Years: 46%
5 Years: 146%
3 Years: 96%
TTM: 52%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -7%
1 Year: 24%
Return on Equity
10 Years: 12%
5 Years: 13%
3 Years: 15%
Last Year: 15%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 0 0 3 6 6 6 6 7 22 26 26 26
Reserves 0 6 3 0 0 0 -0 4 6 36 63 77
0 0 0 0 0 0 0 0 0 0 14 85
0 0 0 0 0 0 0 0 10 117 120 99
Total Liabilities 0 7 7 7 7 7 7 11 38 179 224 286
0 0 0 0 0 0 0 0 15 36 53 54
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 0 4 4 4 0 0 0 0
0 7 7 7 7 3 2 7 23 143 170 232
Total Assets 0 7 7 7 7 7 7 11 38 179 224 286

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-0 -5 -1 -0 -0 -0 -0 -5 0 11 -18
0 -0 0 -0 0 -4 0 -0 -12 -23 -22
0 6 0 0 0 4 0 7 13 27 33
Net Cash Flow 0 1 -1 -0 0 -0 0 1 1 15 -6

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 219 119 562 3,631 0 456 27 12 25 76
Inventory Days 3 19 0 7,446 84 165 131 126
Days Payable 0 0 511 106 162 87 96
Cash Conversion Cycle 219 122 581 3,631 0 7,391 4 15 68 106
Working Capital Days 2,044 427 2,090 12,506 365 18,889 62 -7 13 125
ROCE % 15% 14% 0% 0% 0% 0% -2% -10% 13% 27% 18%

Shareholding Pattern

Numbers in percentages

5 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
66.86% 71.64% 71.64% 70.09% 70.09% 70.09% 70.09% 70.09% 70.09% 70.46% 68.42% 67.46%
0.00% 0.03% 0.04% 0.16% 0.30% 0.30% 0.10% 0.10% 0.00% 0.00% 0.04% 0.04%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.06%
33.14% 28.33% 28.33% 29.75% 29.61% 29.61% 29.82% 29.81% 29.92% 29.55% 31.53% 32.44%
No. of Shareholders 6,57918,39827,43261,52172,89880,81478,53879,20881,14890,8301,18,2351,49,284

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Concalls