CWD Ltd
Incorporated in 2016, CWD Ltd is in the business of Information and Communication Technology[1]
- Market Cap ₹ 650 Cr.
- Current Price ₹ 290
- High / Low ₹ 425 / 222
- Stock P/E 52.8
- Book Value ₹ 51.2
- Dividend Yield 0.00 %
- ROCE 19.3 %
- ROE 14.4 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 61.2% CAGR over last 5 years
- Debtor days have improved from 163 to 96.2 days.
- Company's working capital requirements have reduced from 148 days to 61.6 days
Cons
- Stock is trading at 5.83 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -0.50%
- Company has a low return on equity of 10.4% over last 3 years.
* 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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| 0 | 2 | 2 | 15 | 23 | 21 | 33 | 151 | |
| 0 | 2 | 1 | 10 | 17 | 16 | 26 | 123 | |
| Operating Profit | -0 | 1 | 1 | 5 | 6 | 5 | 7 | 28 |
| OPM % | -475% | 32% | 44% | 33% | 26% | 25% | 22% | 19% |
| 0 | 0 | -0 | 1 | 0 | 0 | 1 | 0 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 5 |
| Depreciation | 0 | 0 | 0 | 1 | 3 | 3 | 3 | 3 |
| Profit before tax | -1 | 0 | 0 | 4 | 3 | 2 | 3 | 20 |
| Tax % | 0% | -4% | -130% | 27% | 28% | 29% | 27% | 37% |
| -1 | 0 | 1 | 3 | 2 | 1 | 3 | 12 | |
| EPS in Rs | -53.00 | 1.62 | 0.78 | 1.62 | 1.19 | 0.62 | 1.32 | 5.55 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 128% |
| 3 Years: | 88% |
| TTM: | 358% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 61% |
| 3 Years: | 79% |
| TTM: | 391% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 8% |
| 1 Year: | 26% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 12% |
| 3 Years: | 10% |
| Last Year: | 14% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.33 | 3 | 4 | 4 | 4 | 4 | 22 |
| Reserves | -3 | -3 | -2 | 15 | 18 | 24 | 54 | 92 |
| 4 | 6 | 4 | 3 | 5 | 12 | 9 | 79 | |
| 0 | 1 | 1 | 9 | 8 | 6 | 17 | 47 | |
| Total Liabilities | 1 | 4 | 7 | 31 | 34 | 45 | 84 | 240 |
| 0 | 0 | 1 | 11 | 11 | 9 | 8 | 35 | |
| CWIP | 0 | 1 | 1 | 1 | 1 | 3 | 4 | 8 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 0 | 3 | 4 | 18 | 21 | 33 | 71 | 197 | |
| Total Assets | 1 | 4 | 7 | 31 | 34 | 45 | 84 | 240 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| -1 | -1 | 1 | 3 | -3 | -4 | 2 | -49 | |
| -0 | -1 | -1 | -11 | -2 | -3 | -3 | -30 | |
| 1 | 2 | 1 | 13 | 1 | 11 | 23 | 110 | |
| Net Cash Flow | 0 | 0 | -0 | 5 | -4 | 5 | 22 | 30 |
| Free Cash Flow | -1 | -2 | -1 | -8 | -6 | -7 | -1 | -84 |
| CFO/OP | 368% | -133% | 55% | 66% | -47% | -60% | 34% | -172% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 0 | 101 | 85 | 33 | 126 | 215 | 180 | 96 |
| Inventory Days | 912 | 858 | 1,397 | 605 | 270 | 346 | 566 | 170 |
| Days Payable | 730 | 262 | 525 | 238 | 78 | 44 | 378 | 116 |
| Cash Conversion Cycle | 182 | 697 | 958 | 401 | 318 | 516 | 368 | 150 |
| Working Capital Days | -274 | -23 | -13 | 14 | 143 | 184 | 199 | 62 |
| ROCE % | 37% | 21% | 32% | 14% | 8% | 10% | 19% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2025 | |
|---|---|---|---|---|---|
| Intangibles Under Development (R&D) INR Lakhs |
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| Trade Receivables Turnover Ratio Ratio |
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| Total Employees Number |
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| Manufacturing Floorspace sq. ft. |
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| Smart Meter NIC Orders Received Million Units |
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| Soundbox Daily Production Capacity Units/Day |
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| Soundbox Orders Received Million Units |
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| Total Executable Order Book INR Crores |
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Extracted by Screener AI
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Investor Presentation 15 Jun
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
30 May - FY26 revenue rose to ₹151 crore, PAT ₹12 crore; capacity expanded 3.7x and orders secured.
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Statement Of Deviation And Variation For The Half Year Ended March 31, 2026
30 May - No deviation in preferential issue fund utilization for half year ended March 31, 2026.
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Announcement under Regulation 30 (LODR)-Allotment
30 May - Board approved FY26 audited results and allotted 38,513 warrants shares plus 1,54,052 bonus shares.
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Audited Results : Results For The Half Year And Year Ended March 31, 2026
30 May - Board approved FY26 audited results and allotted 38,513 shares on warrant conversion plus 1,54,052 bonus shares.
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