CWD Ltd
Incorporated in 2016, CWD Ltd is in the business of Information and Communication Technology[1]
- Market Cap ₹ 688 Cr.
- Current Price ₹ 295
- High / Low ₹ 425 / 254
- Stock P/E 60.8
- Book Value ₹ 50.9
- Dividend Yield 0.00 %
- ROCE 18.2 %
- ROE 13.2 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 51.3% CAGR over last 5 years
- Debtor days have improved from 171 to 91.2 days.
- Company's working capital requirements have reduced from 163 days to 62.9 days
Cons
- Stock is trading at 5.80 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -2.47%
- Company has a low return on equity of 9.70% 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 | 142 | |
| 2 | 2 | 10 | 17 | 16 | 26 | 120 | |
| Operating Profit | 1 | 1 | 5 | 6 | 5 | 7 | 22 |
| OPM % | 34% | 41% | 34% | 26% | 25% | 22% | 16% |
| 0 | -0 | 1 | 0 | 0 | 1 | 5 | |
| 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: | 111% |
| 3 Years: | 84% |
| TTM: | 331% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 51% |
| 3 Years: | 74% |
| TTM: | 351% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 52% |
| 3 Years: | 24% |
| 1 Year: | -7% |
| 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 | 47 | |
| Total Liabilities | 4 | 8 | 31 | 34 | 47 | 85 | 240 |
| 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 | 196 | |
| Total Assets | 4 | 8 | 31 | 34 | 47 | 85 | 240 |
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% | -198% |
Ratios
Consolidated / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 79 | 71 | 33 | 126 | 231 | 190 | 91 |
| 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 | 163 |
| Working Capital Days | -11 | 50 | 34 | 156 | 217 | 209 | 63 |
| ROCE % | 26% | 32% | 14% | 8% | 10% | 18% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Manufacturing Floor Space sq. ft. |
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| Soundbox Daily Production Capacity units/day |
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| Total Permanent Employees count ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Allotment
- CWD allotted 2,48,329 shares on warrant conversion and 9,93,316 bonus shares on October 5, 2026.
-
Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
- CWD submitted 10th AGM scrutinizer report; five resolutions passed on September 30, 2026.
-
Board Meeting Outcome for Outcome Of Board Meeting Dated October 05, 2026
- CWD allotted 2,48,329 shares on warrant conversion and 9,93,316 bonus-linked shares; paid-up capital rose to Rs. 24.63 crore.
-
Shareholder Meeting / Postal Ballot-Outcome of AGM
- CWD Ltd held its 10th AGM on September 30, 2026; shareholders approved financials, director reappointments and related-party transactions.
-
Announcement under Regulation 30 (LODR)-Allotment
- On Sept. 25, 2026, board allotted 1,15,654 warrant-conversion shares and 4,62,616 bonus shares; capital rises to Rs. 23.34 crore.
Annual reports
-
Annual Report 2026
from bse
-
Annual Report 2025
from bse
-
Annual Report 2024
from bse
-
Annual Report 2023
from bse
-
Annual Report 2022
from bse
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