CWD Ltd
Incorporated in 2016, CWD Ltd is in the business of Information and Communication Technology[1]
- Market Cap ₹ 818 Cr.
- Current Price ₹ 1,862
- High / Low ₹ 1,862 / 590
- Stock P/E 96.1
- Book Value ₹ 173
- Dividend Yield 0.00 %
- ROCE 9.51 %
- ROE 5.78 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 10.3 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 6.47% over last 3 years.
- Company has high debtors of 190 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| 3.02 | 3.39 | 15.02 | 22.72 | 20.98 | 32.90 | 67.49 | |
| 2.00 | 2.00 | 9.96 | 16.79 | 15.66 | 25.78 | 51.91 | |
| Operating Profit | 1.02 | 1.39 | 5.06 | 5.93 | 5.32 | 7.12 | 15.58 |
| OPM % | 33.77% | 41.00% | 33.69% | 26.10% | 25.36% | 21.64% | 23.08% |
| 0.01 | -0.04 | 0.83 | 0.20 | 0.28 | 0.92 | 0.51 | |
| Interest | 0.44 | 0.38 | 0.43 | 0.47 | 1.08 | 1.69 | 3.84 |
| Depreciation | 0.08 | 0.19 | 1.28 | 2.69 | 2.92 | 2.90 | 1.03 |
| Profit before tax | 0.51 | 0.78 | 4.18 | 2.97 | 1.60 | 3.45 | 11.22 |
| Tax % | -1.96% | -74.36% | 25.84% | 27.61% | 29.38% | 27.25% | |
| 0.51 | 1.37 | 3.10 | 2.15 | 1.13 | 2.51 | 8.52 | |
| EPS in Rs | 15.57 | 4.96 | 8.58 | 5.95 | 3.13 | 6.61 | 20.93 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 61% |
| 3 Years: | 30% |
| TTM: | 202% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 38% |
| 3 Years: | -7% |
| TTM: | 366% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -6% |
| 1 Year: | 135% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 6% |
| Last Year: | 6% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.33 | 2.76 | 3.61 | 3.61 | 3.61 | 3.80 | 4.40 |
| Reserves | -2.58 | -1.15 | 16.08 | 18.27 | 24.93 | 54.56 | 71.52 |
| 5.70 | 4.32 | 3.01 | 4.89 | 12.59 | 8.63 | 92.07 | |
| 0.78 | 1.81 | 8.17 | 6.94 | 5.96 | 17.57 | 16.56 | |
| Total Liabilities | 4.23 | 7.74 | 30.87 | 33.71 | 47.09 | 84.56 | 184.55 |
| 0.33 | 1.25 | 11.08 | 11.21 | 9.33 | 8.24 | 29.63 | |
| CWIP | 1.02 | 1.23 | 1.35 | 0.96 | 3.12 | 4.36 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.07 | 0.07 | 0.07 | 54.16 |
| 2.88 | 5.26 | 18.44 | 21.47 | 34.57 | 71.89 | 100.76 | |
| Total Assets | 4.23 | 7.74 | 30.87 | 33.71 | 47.09 | 84.56 | 184.55 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| -0.74 | 0.39 | 2.76 | -3.19 | -4.54 | 2.75 | |
| -1.03 | -1.32 | -11.21 | -2.38 | -3.13 | -2.69 | |
| 2.05 | 0.68 | 13.30 | 1.49 | 12.21 | 21.85 | |
| Net Cash Flow | 0.27 | -0.25 | 4.85 | -4.08 | 4.54 | 21.91 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 78.56 | 71.06 | 33.05 | 126.11 | 231.39 | 190.38 |
| Inventory Days | 559.40 | 906.61 | 612.34 | 270.31 | 345.53 | 566.05 |
| Days Payable | 194.40 | 382.66 | 166.61 | 42.08 | 44.55 | 378.08 |
| Cash Conversion Cycle | 443.56 | 595.01 | 478.78 | 354.34 | 532.36 | 378.35 |
| Working Capital Days | -10.88 | 49.53 | 33.54 | 156.47 | 216.60 | 208.90 |
| ROCE % | 26.01% | 32.20% | 13.91% | 7.89% | 9.51% |
Documents
Announcements
-
Statement Of Deviation(S) Or Variation(S) For The Half Year Ended September 30, 2025 Under Regulation
32 Of SEBI (LODR) Regulations, 2015
2d - No deviation in use of Rs. 6,076.9 lakh preferential issue proceeds raised Apr–Jul 2025.
-
Results- Financial Results For The Half Year Ended September 30, 2025
2d - Board approved H1 results; 4:1 bonus, authorised capital to ₹35Cr, borrowings/investments to ₹500Cr, migration to BSE Main Board.
-
Board Meeting Outcome for Outcome Of Board Meeting Held On Friday November 14, 2025.
2d - Approved H1 results; 4:1 bonus; authorised capital ₹35Cr; migration to BSE Main; borrowing/investment limits ₹500Cr.
-
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
11 Nov - 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.
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