CWD Ltd
Incorporated in 2016, CWD Ltd is in the business of Information and Communication Technology[1]
- Market Cap ₹ 747 Cr.
- Current Price ₹ 1,699
- High / Low ₹ 1,765 / 590
- Stock P/E 297
- Book Value ₹ 152
- Dividend Yield 0.00 %
- ROCE 9.75 %
- ROE 5.88 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
Cons
- Stock is trading at 11.2 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -1.53%
- Company has a low return on equity of 6.65% over last 3 years.
- Company has high debtors of 180 days.
- Company's cost of borrowing seems high
* 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.
Peer comparison
Consumer Discretionary Consumer Durables Consumer Durables Consumer Electronics
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| 0.04 | 2.35 | 2.45 | 14.83 | 22.72 | 20.98 | 32.90 | |
| 0.23 | 1.60 | 1.38 | 9.96 | 16.78 | 15.66 | 25.78 | |
| Operating Profit | -0.19 | 0.75 | 1.07 | 4.87 | 5.94 | 5.32 | 7.12 |
| OPM % | -475.00% | 31.91% | 43.67% | 32.84% | 26.14% | 25.36% | 21.64% |
| 0.00 | 0.01 | -0.03 | 0.83 | 0.20 | 0.28 | 0.92 | |
| Interest | 0.33 | 0.42 | 0.38 | 0.42 | 0.47 | 1.08 | 1.69 |
| Depreciation | 0.01 | 0.08 | 0.19 | 1.28 | 2.69 | 2.92 | 2.90 |
| Profit before tax | -0.53 | 0.26 | 0.47 | 4.00 | 2.98 | 1.60 | 3.45 |
| Tax % | 0.00% | -3.85% | -129.79% | 26.75% | 27.52% | 29.38% | 27.25% |
| -0.53 | 0.26 | 1.08 | 2.93 | 2.16 | 1.13 | 2.51 | |
| EPS in Rs | -530.00 | 7.94 | 3.91 | 8.11 | 5.98 | 3.13 | 6.61 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 70% |
| 3 Years: | 30% |
| TTM: | 57% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 57% |
| 3 Years: | -5% |
| TTM: | 122% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -8% |
| 1 Year: | 116% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 7% |
| Last Year: | 6% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.33 | 2.76 | 3.61 | 3.61 | 3.61 | 3.80 |
| Reserves | -3.11 | -2.84 | -1.70 | 15.36 | 17.52 | 24.18 | 53.81 |
| 3.54 | 5.70 | 4.32 | 2.93 | 4.80 | 11.51 | 8.56 | |
| 0.15 | 0.69 | 1.36 | 8.98 | 7.79 | 5.83 | 17.44 | |
| Total Liabilities | 0.59 | 3.88 | 6.74 | 30.88 | 33.72 | 45.13 | 83.61 |
| 0.02 | 0.33 | 1.25 | 11.08 | 11.21 | 9.33 | 8.24 | |
| CWIP | 0.37 | 1.02 | 1.23 | 1.35 | 0.96 | 3.12 | 4.36 |
| Investments | 0.00 | 0.02 | 0.02 | 0.03 | 0.10 | 0.10 | 0.11 |
| 0.20 | 2.51 | 4.24 | 18.42 | 21.45 | 32.58 | 70.90 | |
| Total Assets | 0.59 | 3.88 | 6.74 | 30.88 | 33.72 | 45.13 | 83.61 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| -0.70 | -0.96 | 0.59 | 2.83 | -3.07 | -3.54 | 1.75 | |
| -0.37 | -1.06 | -1.32 | -11.22 | -2.49 | -3.13 | -2.70 | |
| 1.09 | 2.07 | 0.69 | 13.23 | 1.49 | 11.21 | 22.87 | |
| Net Cash Flow | 0.02 | 0.05 | -0.04 | 4.84 | -4.07 | 4.54 | 21.91 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 0.00 | 100.96 | 84.92 | 33.47 | 126.11 | 214.69 | 179.62 |
| Inventory Days | 912.50 | 857.75 | 1,397.27 | 605.22 | 270.31 | 345.53 | 566.05 |
| Days Payable | 730.00 | 261.58 | 524.69 | 237.67 | 78.50 | 43.89 | 377.78 |
| Cash Conversion Cycle | 182.50 | 697.12 | 957.50 | 401.02 | 317.92 | 516.32 | 367.89 |
| Working Capital Days | -273.75 | -23.30 | -13.41 | 14.03 | 142.66 | 184.41 | 199.47 |
| ROCE % | 37.47% | 21.24% | 32.40% | 14.43% | 8.22% | 9.75% |
Documents
Announcements
-
Board Meeting Intimation for Postponement Of The Meeting Of The Board Of The Company Scheduled To Be Held On November 12, 2025 Has Been Postponed To November 14, 2025
10h - Board meeting rescheduled to Nov 14, 2025 to approve H1 results, increase authorised capital to ₹35Cr, ESOP, bonus.
-
Board Meeting Intimation for Meeting Dated Wednesday, November 12, 2025.
8 Nov - Board meeting Nov 12, 2025 to approve H1 results; increase authorised capital ₹10Cr→₹35Cr; ESOP; recommend bonus shares; trading window closed 48 hours.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
15 Oct - Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2025
-
Intimation Under Regulation 30 Of SEBI (LODR)Regulations,2015.
13 Oct - CWD incorporated Meshmerise Networks on Sep 22, 2025; subscribed 5,100 shares (51%) for Rs51,000.
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report 1 Oct
Annual reports
Concalls
-
Jan 2025TranscriptNotesPPT
Business Overview:[1]
CWD stands for Connected Wireless Devices.
It designs, develops, manufactures, and sells integrated solutions combining software and electronics. All products are focused on the wireless technologies either on short range radio technology like NFC, Bluetooth BLE, WiFi, Zigbee; mid-range systems like LORA or longrange communication systems like
5G LTE, NB-IOT, LTE CAT M1 etc. Comapny operates through the segments of Consumer Electronics and Design and Development of Technology Solutions for various Enterprises and Businesses