CWD Ltd
Incorporated in 2016, CWD Ltd is in the business of Information and Communication Technology[1]
- Market Cap ₹ 813 Cr.
- Current Price ₹ 1,850
- High / Low ₹ 1,976 / 650
- Stock P/E 93.6
- Book Value ₹ 238
- Dividend Yield 0.00 %
- ROCE 9.75 %
- ROE 5.88 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 7.72 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.
* 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 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 0.04 | 2.35 | 2.45 | 14.83 | 22.72 | 20.98 | 32.90 | 68.00 | |
| 0.23 | 1.60 | 1.38 | 9.96 | 16.78 | 15.66 | 25.78 | 51.76 | |
| Operating Profit | -0.19 | 0.75 | 1.07 | 4.87 | 5.94 | 5.32 | 7.12 | 16.24 |
| OPM % | -475.00% | 31.91% | 43.67% | 32.84% | 26.14% | 25.36% | 21.64% | 23.88% |
| 0.00 | 0.01 | -0.03 | 0.83 | 0.20 | 0.28 | 0.92 | 0.00 | |
| Interest | 0.33 | 0.42 | 0.38 | 0.42 | 0.47 | 1.08 | 1.69 | 3.84 |
| Depreciation | 0.01 | 0.08 | 0.19 | 1.28 | 2.69 | 2.92 | 2.90 | 1.03 |
| Profit before tax | -0.53 | 0.26 | 0.47 | 4.00 | 2.98 | 1.60 | 3.45 | 11.37 |
| 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 | 8.69 | |
| EPS in Rs | -530.00 | 7.94 | 3.91 | 8.11 | 5.98 | 3.13 | 6.61 | 21.33 |
| 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: | 200% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 57% |
| 3 Years: | -5% |
| TTM: | 375% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -2% |
| 1 Year: | 191% |
| 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 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.33 | 2.76 | 3.61 | 3.61 | 3.61 | 3.80 | 4.40 |
| Reserves | -3.11 | -2.84 | -1.70 | 15.36 | 17.52 | 24.18 | 53.81 | 100.05 |
| 3.54 | 5.70 | 4.32 | 2.93 | 4.80 | 11.51 | 8.56 | 62.54 | |
| 0.15 | 0.69 | 1.36 | 8.98 | 7.79 | 5.83 | 17.44 | 17.37 | |
| Total Liabilities | 0.59 | 3.88 | 6.74 | 30.88 | 33.72 | 45.13 | 83.61 | 184.36 |
| 0.02 | 0.33 | 1.25 | 11.08 | 11.21 | 9.33 | 8.24 | 29.63 | |
| CWIP | 0.37 | 1.02 | 1.23 | 1.35 | 0.96 | 3.12 | 4.36 | 0.00 |
| Investments | 0.00 | 0.02 | 0.02 | 0.03 | 0.10 | 0.10 | 0.11 | 54.20 |
| 0.20 | 2.51 | 4.24 | 18.42 | 21.45 | 32.58 | 70.90 | 100.53 | |
| Total Assets | 0.59 | 3.88 | 6.74 | 30.88 | 33.72 | 45.13 | 83.61 | 184.36 |
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
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
28 Nov - CWD Limited has informed about schedule of meet.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
26 Nov - Newspaper clippings - Notice of Postal Ballot
-
Announcement under Regulation 30 (LODR)-Investor Presentation
25 Nov - Investor Presentation - First Half Year F.Y. 2025 - 2026
-
Board Meeting Outcome for Revised Outcome Of Board Meeting Held On 14 November, 2025
24 Nov - Revised H1 Sep 30, 2025 results; Rs.6,076.9 lakh preferential allotment; 4:1 bonus proposed.
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 24 Nov
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