Bikewo Green Tech Ltd
Incorporated in 2006, Bikewo GreenTech Ltd is engaged in the manufacture of electric two-wheelers[1]
- Market Cap ₹ 69.5 Cr.
- Current Price ₹ 53.3
- High / Low ₹ 53.4 / 13.6
- Stock P/E 21.0
- Book Value ₹ 32.1
- Dividend Yield 0.00 %
- ROCE 11.0 %
- ROE 8.23 %
- Face Value ₹ 10.0
Pros
- Company's working capital requirements have reduced from 180 days to 109 days
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 7.06% 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 Automobile and Auto Components Automobiles Auto Dealer
Part of Nifty SME Emerge
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 22.28 | 13.68 | 20.57 | 24.85 | 23.48 | 54.49 | |
| 21.63 | 12.66 | 19.88 | 22.00 | 21.96 | 48.84 | |
| Operating Profit | 0.65 | 1.02 | 0.69 | 2.85 | 1.52 | 5.65 |
| OPM % | 2.92% | 7.46% | 3.35% | 11.47% | 6.47% | 10.37% |
| 0.25 | 0.11 | 0.05 | 0.15 | 0.11 | 0.01 | |
| Interest | 0.23 | 0.60 | 0.29 | 0.33 | 0.40 | 0.27 |
| Depreciation | 0.06 | 0.31 | 0.33 | 0.34 | 0.35 | 0.86 |
| Profit before tax | 0.61 | 0.22 | 0.12 | 2.33 | 0.88 | 4.53 |
| Tax % | 22.95% | 31.82% | 16.67% | 27.90% | 25.00% | 26.93% |
| 0.47 | 0.15 | 0.10 | 1.67 | 0.66 | 3.31 | |
| EPS in Rs | 4.70 | 0.74 | 0.49 | 1.82 | 0.51 | 2.54 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 20% |
| 3 Years: | 38% |
| TTM: | 132% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 48% |
| 3 Years: | 221% |
| TTM: | 402% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 171% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 6% |
| 3 Years: | 7% |
| Last Year: | 8% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 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 | 28.81 |
| 7.36 | 6.88 | 7.61 | 7.53 | 0.45 | 6.16 | |
| 1.16 | 0.97 | 4.78 | 7.21 | 1.77 | 2.87 | |
| Total Liabilities | 12.17 | 14.98 | 19.62 | 31.51 | 40.76 | 50.88 |
| 1.67 | 3.28 | 2.34 | 1.99 | 3.66 | 16.35 | |
| CWIP | 2.76 | 4.62 | 7.07 | 9.55 | 9.60 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 10.20 |
| 7.74 | 7.08 | 10.21 | 19.97 | 27.50 | 24.33 | |
| Total Assets | 12.17 | 14.98 | 19.62 | 31.51 | 40.76 | 50.88 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 2.11 | 2.63 | 2.67 | -4.46 | -13.67 | 9.92 | |
| -4.11 | -3.77 | -1.84 | -2.46 | -2.08 | -14.15 | |
| 2.13 | 0.98 | -0.82 | 6.96 | 19.54 | 1.22 | |
| Net Cash Flow | 0.14 | -0.16 | 0.02 | 0.04 | 3.79 | -3.01 |
| Free Cash Flow | -2.00 | -1.14 | 0.83 | -6.92 | -15.75 | 5.97 |
| CFO/OP | 348% | 262% | 388% | -137% | -882% | 193% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 29.16 | 1.33 | 19.34 | 11.31 | 159.80 | 100.08 |
| Inventory Days | 65.01 | 179.00 | 148.69 | 189.46 | 93.77 | 22.74 |
| Days Payable | 14.49 | 2.80 | 17.06 | 38.99 | 12.01 | 1.66 |
| Cash Conversion Cycle | 79.68 | 177.54 | 150.97 | 161.78 | 241.56 | 121.16 |
| Working Capital Days | 51.60 | 41.62 | -7.10 | 95.62 | 334.38 | 108.92 |
| ROCE % | 6.55% | 2.84% | 13.59% | 4.04% | 11.03% |
Insights
In beta| Mar 2024 | Mar 2025 | |
|---|---|---|
| Capital Work-in-Progress (CWIP) INR lakhs |
|
|
| Inventory of Trading Goods (Stock-in-Trade) INR lakhs |
||
| PPE - Buildings (Net Carrying Amount) INR lakhs |
||
| PPE - Vehicles (Net Carrying Amount) INR lakhs |
||
| Property, Plant and Equipment (Net Carrying Amount - Total) INR lakhs |
||
| Trade Receivables (Net) - Credit Extended to Dealers INR lakhs |
||
| Number of Employees (workforce as per MD&A) count |
||
| Number of Permanent Employees (incl. Executive Directors and KMPs) count |
||
Extracted by Screener AI
Documents
Announcements
-
Press Release
13 July 2026 - BikeWo signed MoU with Kwik Flite on July 13, 2026 to explore air cargo and aviation logistics.
-
Appointment
7 July 2026 - Board appointed Mr. Hiten Pal Saklani as CEO effective July 7, 2026.
-
Outcome of Board Meeting
7 July 2026 - Board appointed Hiten Pal Saklani as CEO effective July 7, 2026.
-
Press Release
2 July 2026 - BikeWo signed MoU to acquire 51% of PositiEV Mobility; proposes Hiten Pal Saklani as CEO.
-
Shareholders meeting
30 June 2026 - EGM on 22 Jul 2026 to approve capital hike, preferential issue of 4.85 lakh shares and 2.44 crore warrants.
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.