Bikewo Green Tech Ltd
Incorporated in 2006, Bikewo GreenTech Ltd is engaged in the manufacture of electric two-wheelers[1]
- Market Cap ₹ 167 Cr.
- Current Price ₹ 128
- High / Low ₹ 133 / 15.0
- Stock P/E 22.9
- Book Value ₹ 51.3
- Dividend Yield 0.00 %
- ROCE 11.1 %
- ROE 8.23 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 47.8% CAGR over last 5 years
- Company's working capital requirements have reduced from 180 days to 109 days
Cons
- Stock is trading at 2.50 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -1.74%
- 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 | TTM | |
|---|---|---|---|---|---|---|---|
| 22.28 | 13.68 | 20.57 | 24.85 | 23.48 | 54.45 | 74.39 | |
| Sales growth | -38.60% | +50.37% | +20.81% | -5.51% | +131.90% | +136.38% | |
| 21.63 | 12.66 | 19.88 | 22.00 | 21.96 | 48.79 | 62.68 | |
| Operating Profit | 0.65 | 1.02 | 0.69 | 2.85 | 1.52 | 5.66 | 11.71 |
| OPM % | 2.92% | 7.46% | 3.35% | 11.47% | 6.47% | 10.39% | 15.74% |
| 0.25 | 0.11 | 0.05 | 0.15 | 0.11 | 0.01 | 0.06 | |
| Interest | 0.23 | 0.60 | 0.29 | 0.33 | 0.40 | 0.28 | 0.50 |
| Depreciation | 0.06 | 0.31 | 0.33 | 0.34 | 0.35 | 0.86 | 1.46 |
| Profit before tax | 0.61 | 0.22 | 0.12 | 2.33 | 0.88 | 4.53 | 9.81 |
| 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 | 7.31 | |
| EPS in Rs | 1.88 | 0.29 | 0.20 | 1.82 | 0.51 | 2.54 | 5.61 |
| 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: | 136% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 48% |
| 3 Years: | 221% |
| TTM: | 740% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 739% |
| 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 | Sep 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 1.00 | 2.04 | 2.04 | 9.16 | 13.04 | 13.04 | 13.50 |
| Reserves | 2.65 | 5.09 | 5.19 | 7.61 | 25.50 | 28.81 | 53.40 |
| 7.36 | 6.88 | 7.61 | 7.53 | 0.45 | 6.15 | 1.36 | |
| 1.16 | 0.97 | 4.78 | 7.21 | 1.77 | 2.88 | 6.60 | |
| Total Liabilities | 12.17 | 14.98 | 19.62 | 31.51 | 40.76 | 50.88 | 74.86 |
| 1.67 | 3.28 | 2.34 | 1.99 | 3.66 | 16.35 | 15.39 | |
| CWIP | 2.76 | 4.62 | 7.07 | 9.55 | 9.60 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 10.20 | 26.25 |
| 7.74 | 7.08 | 10.21 | 19.97 | 27.50 | 24.33 | 33.22 | |
| Total Assets | 12.17 | 14.98 | 19.62 | 31.51 | 40.76 | 50.88 | 74.86 |
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/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 348% | 262% | 388% | -137% | -882% | 193% |
Ratios
Standalone / 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 | 100.15 |
| 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 | 121.23 |
| Working Capital Days | 51.60 | 41.62 | -7.10 | 95.62 | 334.38 | 109.00 |
| ROCE % | 6.55% | 2.84% | 13.59% | 4.04% | 11.06% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
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| Capital Work-in-Progress (CWIP) 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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| Total Vehicles Sold (Pre-Owned and EV) units |
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| Trade Receivables (Net) - Credit Extended to Dealers INR lakhs |
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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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Press Release
- BikeWo Green Tech signed a strategic MoU with Eden Green Energy on November 2, 2026.
-
Allotment of Securities
- Board approved H1 FY2026 results and allotted 37,77,132 equity shares on warrant conversion at ₹31 each.
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Outcome of Board Meeting
- Board approved H1 FY2026 results and allotted 37,77,132 shares at ₹31 on warrant conversion.
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Outcome of Board Meeting
- Board approved half-year results and allotted 37,77,132 shares at ₹31 on October 31, 2026.
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Press Release
- BikeWo signs MoU with Green Drive Mobility to scale electric logistics to 5,000 trucks; may invest up to ₹150 crore.
Concalls
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Sep 2026PPT
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.