Tunwal E-Motors Ltd
Incorporated in December 2018, Tunwal E-Motors Limited specializes in designing, developing, manufacturing, and distributing electric two-wheelers.[1]
- Market Cap ₹ 177 Cr.
- Current Price ₹ 30.6
- High / Low ₹ 49.8 / 27.0
- Stock P/E 13.9
- Book Value ₹ 21.8
- Dividend Yield 0.33 %
- ROCE 13.3 %
- ROE 11.2 %
- Face Value ₹ 2.00
Pros
- Company has delivered good profit growth of 176% CAGR over last 5 years
- Debtor days have improved from 24.4 to 18.4 days.
Cons
* 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 2/3 Wheelers
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 2019 4m | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| 0 | 1 | 1 | 75 | 76 | 105 | 179 | 277 | |
| 0 | 1 | 1 | 71 | 70 | 87 | 166 | 257 | |
| Operating Profit | 0 | 0 | 0 | 4 | 7 | 18 | 12 | 20 |
| OPM % | 13% | 34% | 6% | 9% | 17% | 7% | 7% | |
| 0 | 0 | 0 | 0 | 0 | 1 | 6 | 1 | |
| Interest | 0 | 0 | 0 | 1 | 1 | 2 | 2 | 2 |
| Depreciation | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 2 |
| Profit before tax | 0 | 0 | 0 | 3 | 5 | 16 | 15 | 17 |
| Tax % | 20% | 30% | 28% | 24% | 25% | 22% | 25% | |
| 0 | 0 | 0 | 2 | 4 | 12 | 12 | 13 | |
| EPS in Rs | 0.00 | 40.00 | 1.54 | 22.74 | 1.80 | 2.85 | 2.14 | 2.21 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 5% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 193% |
| 3 Years: | 54% |
| TTM: | 55% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 176% |
| 3 Years: | 51% |
| TTM: | 7% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -15% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 21% |
| 3 Years: | 19% |
| Last Year: | 11% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 0.52 | 1 | 4 | 8 | 11 | 12 |
| Reserves | 0 | 0 | 0 | 3 | 4 | 12 | 92 | 114 |
| 0 | 3 | 3 | 14 | 19 | 21 | 33 | 27 | |
| 0 | 0 | 1 | 33 | 30 | 35 | 59 | 65 | |
| Total Liabilities | 0 | 4 | 5 | 50 | 57 | 76 | 194 | 217 |
| 0 | 3 | 4 | 10 | 11 | 11 | 20 | 24 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 11 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 5 | 5 |
| 0 | 1 | 1 | 40 | 46 | 64 | 166 | 178 | |
| Total Assets | 0 | 4 | 5 | 50 | 57 | 76 | 194 | 217 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| 2 | -3 | -2 | 0 | -53 | ||||
| -2 | -7 | -2 | -1 | -21 | ||||
| 1 | 11 | 5 | 0 | 80 | ||||
| Net Cash Flow | 1 | 2 | 1 | -1 | 6 | |||
| Free Cash Flow | 0 | -9 | -4 | -1 | -66 | |||
| CFO/OP | 405% | -42% | -14% | 4% | -390% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 130 | 23 | 5 | 28 | 10 | 45 | 18 | |
| Inventory Days | 311 | 24 | 180 | 159 | 250 | 247 | 176 | |
| Days Payable | 269 | -185 | 151 | 99 | 82 | 120 | 79 | |
| Cash Conversion Cycle | 172 | 231 | 34 | 88 | 178 | 172 | 116 | |
| Working Capital Days | 211 | -1,004 | 11 | 18 | 55 | 145 | 117 | |
| ROCE % | 7% | 12% | 38% | 26% | 52% | 20% | 13% |
Insights
In beta| Mar 2024 | Mar 2025 | |
|---|---|---|
| Factories Under Development Number |
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| Number of Electric Two-Wheeler Models (SKUs) Number |
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| Operational Manufacturing Units Number |
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| State Presence Number of States |
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| High-Quality Leads Generated (EV Tech India Expo) Number |
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| Number of Permanent Employees Number |
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Extracted by Screener AI
Documents
Announcements
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Credit Rating
25 May 2026 - FY26 audited results approved; independent director resigned; CRISIL upgraded ₹60 crore facilities to BBB-/Stable.
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Resignation
25 May 2026 - Board approved FY26 audited results; independent director resigned; CRISIL upgraded facility rating to BBB-/Stable for ₹60 crore.
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Change in Auditors
25 May 2026 - Board approved FY26 audited results; independent director resigned; CRISIL upgraded rating to BBB-/Stable for ₹60 crore.
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Statement of deviation(s) or variation(s) under Reg. 32
25 May 2026 - Board approved FY26 audited results, noted no IPO deviations, accepted one director resignation, and CRISIL upgraded rating to BBB-/Stable.
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Resignation of Director/KMP/SMP
25 May 2026 - Tunwal E-Motors Limited has informed about Resignation of Director/KMP/SMP
Business Profile[1] The company has over 23 different scooter models under 6 variants