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 58.4
- Book Value ₹ 50.9
- Dividend Yield 0.00 %
- ROCE 18.0 %
- ROE 13.0 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 50.7% CAGR over last 5 years
- Debtor days have improved from 170 to 88.0 days.
- Company's working capital requirements have reduced from 162 days to 61.6 days
Cons
- Stock is trading at 5.70 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 9.56% 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
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 3 | 3 | 15 | 23 | 21 | 33 | 147 | |
| 2 | 2 | 10 | 17 | 16 | 26 | 120 | |
| Operating Profit | 1 | 1 | 5 | 6 | 5 | 7 | 27 |
| OPM % | 34% | 41% | 34% | 26% | 25% | 22% | 18% |
| 0 | -0 | 1 | 0 | 0 | 1 | 0 | |
| Interest | 0 | 0 | 0 | 0 | 1 | 2 | 5 |
| Depreciation | 0 | 0 | 1 | 3 | 3 | 3 | 3 |
| Profit before tax | 1 | 1 | 4 | 3 | 2 | 3 | 18 |
| Tax % | -2% | -74% | 26% | 28% | 29% | 27% | 40% |
| 1 | 1 | 3 | 2 | 1 | 3 | 11 | |
| EPS in Rs | 3.19 | 0.99 | 1.71 | 1.19 | 0.62 | 1.32 | 5.01 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 112% |
| 3 Years: | 86% |
| TTM: | 346% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 51% |
| 3 Years: | 73% |
| TTM: | 343% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 7% |
| 1 Year: | 23% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 11% |
| 3 Years: | 10% |
| Last Year: | 13% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.33 | 3 | 4 | 4 | 4 | 4 | 22 |
| Reserves | -3 | -1 | 16 | 18 | 25 | 55 | 91 |
| 6 | 4 | 3 | 5 | 13 | 9 | 80 | |
| 1 | 2 | 8 | 7 | 6 | 18 | 46 | |
| Total Liabilities | 4 | 8 | 31 | 34 | 47 | 85 | 239 |
| 0 | 1 | 11 | 11 | 9 | 8 | 35 | |
| CWIP | 1 | 1 | 1 | 1 | 3 | 4 | 8 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 3 | 5 | 18 | 21 | 35 | 72 | 195 | |
| Total Assets | 4 | 8 | 31 | 34 | 47 | 85 | 239 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| -1 | 0 | 3 | -3 | -5 | 3 | -48 | |
| -1 | -1 | -11 | -2 | -3 | -3 | -31 | |
| 2 | 1 | 13 | 1 | 12 | 22 | 109 | |
| Net Cash Flow | 0 | -0 | 5 | -4 | 5 | 22 | 30 |
| Free Cash Flow | -1 | -1 | -8 | -6 | -8 | -0 | -82 |
| CFO/OP | -76% | -14% | 57% | -49% | -79% | 48% | -164% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 79 | 71 | 33 | 126 | 231 | 190 | 88 |
| Inventory Days | 559 | 907 | 612 | 270 | 346 | 566 | 189 |
| Days Payable | 194 | 383 | 167 | 42 | 45 | 378 | 117 |
| Cash Conversion Cycle | 444 | 595 | 479 | 354 | 532 | 378 | 159 |
| Working Capital Days | -11 | 50 | 34 | 156 | 217 | 209 | 62 |
| ROCE % | 26% | 32% | 14% | 8% | 10% | 18% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2025 | |
|---|---|---|---|---|---|
| Intangibles Under Development (R&D) INR Lakhs ・Standalone data |
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| Trade Receivables Turnover Ratio Ratio ・Standalone data |
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| Total Employees Number ・Standalone data |
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| Manufacturing Floorspace sq. ft. ・Standalone data |
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| Smart Meter NIC Orders Received Million Units ・Standalone data |
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| Soundbox Daily Production Capacity Units/Day ・Standalone data |
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| Soundbox Orders Received Million Units ・Standalone data |
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| Total Executable Order Book INR Crores ・Standalone data |
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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.
-
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