Bikewo Green Tech Ltd
Incorporated in 2006, Bikewo GreenTech Ltd is engaged in the manufacture of electric two-wheelers[1]
- Market Cap ₹ 84.4 Cr.
- Current Price ₹ 64.7
- High / Low ₹ 66.0 / 13.6
- Stock P/E 25.5
- 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
- Promoter holding has decreased over last quarter: -7.54%
- 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: | 259% |
| 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 | |
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| Capital Work-in-Progress (CWIP) INR lakhs |
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| Inventory of Trading Goods (Stock-in-Trade) INR lakhs |
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| PPE - Buildings (Net Carrying Amount) INR lakhs |
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| PPE - Vehicles (Net Carrying Amount) INR lakhs |
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| Property, Plant and Equipment (Net Carrying Amount - Total) INR lakhs |
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| Trade Receivables (Net) - Credit Extended to Dealers INR lakhs |
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| Number of Employees (workforce as per MD&A) count |
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| Number of Permanent Employees (incl. Executive Directors and KMPs) count |
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Extracted by Screener AI
Documents
Announcements
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Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter
29 July 2026 - Company says quarterly corporate governance report not applicable for SME-listed shares as of 30 June 2026.
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
29 July 2026 - Submitted Regulation 74(5) RTA certificate for quarter ended 30 June 2026; no demat/remat requests received.
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General Updates
29 July 2026 - RTA certificate for quarter ended 30 June 2026; Regulation 74(5) not applicable as shares are fully demat.
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Press Release
28 July 2026 - On July 28, 2026, BikeWo signed MoU to acquire 51% of Ignitium Services.
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Press Release
23 July 2026 - BikeWo unveiled full-stack mobility-logistics strategy; EGM approved proposed warrant issue on July 23, 2026.
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.