CWD Ltd
Incorporated in 2016, CWD Ltd is in the business of Information and Communication Technology[1]
- Market Cap ₹ 615 Cr.
- Current Price ₹ 1,435
- High / Low ₹ 1,521 / 590
- Stock P/E 245
- Book Value ₹ 152
- Dividend Yield 0.00 %
- ROCE 12.0 %
- ROE 5.88 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
Cons
- Stock is trading at 9.46 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -11.4%
- Company has a low return on equity of 6.67% over last 3 years.
- Company has high debtors of 175 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 | 17.73 | 33.82 | |
0.23 | 1.60 | 1.38 | 9.96 | 16.78 | 12.40 | 25.78 | |
Operating Profit | -0.19 | 0.75 | 1.07 | 4.87 | 5.94 | 5.33 | 8.04 |
OPM % | -475.00% | 31.91% | 43.67% | 32.84% | 26.14% | 30.06% | 23.77% |
0.00 | 0.01 | -0.03 | 0.83 | 0.20 | 0.28 | 0.00 | |
Interest | 0.33 | 0.42 | 0.38 | 0.42 | 0.47 | 1.08 | 2.90 |
Depreciation | 0.01 | 0.08 | 0.19 | 1.28 | 2.69 | 2.92 | 1.69 |
Profit before tax | -0.53 | 0.26 | 0.47 | 4.00 | 2.98 | 1.61 | 3.45 |
Tax % | 0.00% | -3.85% | -129.79% | 26.75% | 27.52% | 29.19% | 27.25% |
-0.53 | 0.26 | 1.08 | 2.93 | 2.16 | 1.15 | 2.51 | |
EPS in Rs | -530.00 | 7.94 | 3.91 | 8.11 | 5.98 | 3.18 | 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: | 32% |
TTM: | 91% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 57% |
3 Years: | -5% |
TTM: | 118% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 1% |
1 Year: | 69% |
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 | 24.19 | 53.80 |
3.54 | 5.70 | 4.32 | 2.93 | 4.80 | 11.51 | 8.56 | |
0.15 | 0.69 | 1.36 | 8.98 | 7.79 | 9.09 | 17.46 | |
Total Liabilities | 0.59 | 3.88 | 6.74 | 30.88 | 33.72 | 48.40 | 83.62 |
0.02 | 0.33 | 1.25 | 11.08 | 11.21 | 9.33 | 12.60 | |
CWIP | 0.37 | 1.02 | 1.23 | 1.35 | 0.96 | 3.12 | 0.00 |
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 | 35.85 | 70.91 | |
Total Assets | 0.59 | 3.88 | 6.74 | 30.88 | 33.72 | 48.40 | 83.62 |
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 | 254.04 | 174.73 |
Inventory Days | 912.50 | 857.75 | 1,397.27 | 605.22 | 270.31 | 592.78 | 566.05 |
Days Payable | 730.00 | 261.58 | 524.69 | 237.67 | 78.50 | 73.89 | 377.78 |
Cash Conversion Cycle | 182.50 | 697.12 | 957.50 | 401.02 | 317.92 | 772.93 | 363.01 |
Working Capital Days | -273.75 | -23.30 | -13.41 | 14.03 | 142.66 | 218.22 | 194.80 |
ROCE % | 37.47% | 21.24% | 32.40% | 14.43% | 8.25% | 12.04% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
21 Jul - CWD Limited secured INR 53.10 Cr order from CyanConnode for cellular NIC cards supply.
-
Intimation Regarding Receipt Of Trading Approval From BSE Ltd.
15 Jul - BSE approves trading of 4.87 lakh preferential shares issued at ₹897 premium to non-promoters.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
15 Jul - Compliance - Certificate under Reg. 74(5) of SEBI (Depositaries and Participants), Regulations, 2018 for the quarter ended June 30, 2025
-
Announcement under Regulation 30 (LODR)-Allotment
5 Jul - Allotment of 110,100 equity shares at Rs. 747 each on preferential basis to non-promoters.
-
Outcome Of Circular Resolution Passed By Board Of The Company On Saturday July 05, 2025
5 Jul - Allotment of 1,10,100 equity shares at Rs. 747 each on warrant conversion, increasing paid-up capital to Rs. 4.39 crore.
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