Bikewo Green Tech Ltd
Incorporated in 2006, Bikewo GreenTech Ltd is engaged in the manufacture of electric two-wheelers[1]
- Market Cap ₹ 25.8 Cr.
- Current Price ₹ 19.8
- High / Low ₹ 25.0 / 13.6
- Stock P/E 29.6
- Book Value ₹ 30.2
- Dividend Yield 0.00 %
- ROCE 4.04 %
- ROE 2.39 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.65 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 5.19% over last 3 years.
- Company has high debtors of 160 days.
- Working capital days have increased from 141 days to 334 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 Automobile and Auto Components Automobiles Auto Dealer
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|
| 22.28 | 13.68 | 20.57 | 24.85 | 23.48 | 31.47 | |
| 21.63 | 12.66 | 19.88 | 22.00 | 21.96 | 29.61 | |
| Operating Profit | 0.65 | 1.02 | 0.69 | 2.85 | 1.52 | 1.86 |
| OPM % | 2.92% | 7.46% | 3.35% | 11.47% | 6.47% | 5.91% |
| 0.25 | 0.11 | 0.05 | 0.15 | 0.11 | 0.11 | |
| Interest | 0.23 | 0.60 | 0.29 | 0.33 | 0.40 | 0.11 |
| Depreciation | 0.06 | 0.31 | 0.33 | 0.34 | 0.35 | 0.53 |
| Profit before tax | 0.61 | 0.22 | 0.12 | 2.33 | 0.88 | 1.33 |
| Tax % | 22.95% | 31.82% | 16.67% | 27.90% | 25.00% | |
| 0.47 | 0.15 | 0.10 | 1.67 | 0.66 | 0.87 | |
| EPS in Rs | 4.70 | 0.74 | 0.49 | 1.82 | 0.51 | 0.67 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 20% |
| TTM: | 21% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 64% |
| TTM: | -52% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -20% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 5% |
| 3 Years: | 5% |
| Last Year: | 2% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 1.00 | 2.04 | 2.04 | 9.16 | 13.04 | 13.04 |
| Reserves | 2.65 | 5.09 | 5.19 | 7.61 | 25.50 | 26.36 |
| 7.36 | 6.88 | 7.61 | 7.53 | 0.45 | 1.33 | |
| 1.16 | 0.97 | 4.78 | 7.21 | 1.77 | 1.68 | |
| Total Liabilities | 12.17 | 14.98 | 19.62 | 31.51 | 40.76 | 42.41 |
| 1.67 | 3.28 | 2.34 | 1.99 | 3.66 | 15.25 | |
| CWIP | 2.76 | 4.62 | 7.07 | 9.55 | 9.60 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 7.74 | 7.08 | 10.21 | 19.97 | 27.50 | 27.16 | |
| Total Assets | 12.17 | 14.98 | 19.62 | 31.51 | 40.76 | 42.41 |
Cash Flows
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 2.11 | 2.63 | 2.67 | -4.46 | -13.67 | |
| -4.11 | -3.77 | -1.84 | -2.46 | -2.08 | |
| 2.13 | 0.98 | -0.82 | 6.96 | 19.54 | |
| Net Cash Flow | 0.14 | -0.16 | 0.02 | 0.04 | 3.79 |
Ratios
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 29.16 | 1.33 | 19.34 | 11.31 | 159.80 |
| Inventory Days | 65.01 | 179.00 | 148.69 | 189.46 | 93.77 |
| Days Payable | 14.49 | 2.80 | 17.06 | 38.99 | 12.01 |
| Cash Conversion Cycle | 79.68 | 177.54 | 150.97 | 161.78 | 241.56 |
| Working Capital Days | 51.60 | 41.62 | -7.10 | 95.62 | 334.38 |
| ROCE % | 6.55% | 2.84% | 13.59% | 4.04% |
Documents
Announcements
-
Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter
21 January 2026 - Corporate governance report not applicable for quarter ended 31-12-2025; listed on NSE Emerge.
-
Resignation
6 January 2026 - Appointment of Jolita Manadhata as independent director (Jan 6, 2026–Jan 5, 2031); Archana Devi Raj resigned effective Jan 6, 2026.
-
Outcome of Board Meeting
6 January 2026 - Mrs. Jolita Manadhata appointed Independent Director (Jan 6, 2026–Jan 5, 2031); Mrs. Archana Devi Raj resigned.
-
General Updates
11 December 2025 - Shareholders approved promoter/promoter-group reclassification to public for 20 named entities at EGM December 8, 2025.
-
Shareholders meeting
8 December 2025 - EGM 08-Dec-2025 approved promoter-to-public reclassification; 8,067,975 votes (100% of votes cast) in favour.
Business Overview:[1][2]
BGTL operates as an electric two-wheeler retailer in India and also as a tour operator. It delivers 360-degree solution for all EV needs for customers in India through a network of stores, dealer
outlets, service centers, app, and charging points.