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 ₹ 138 Cr.
- Current Price ₹ 23.9
- High / Low ₹ 49.8 / 22.1
- Stock P/E 11.3
- Book Value ₹ 21.8
- Dividend Yield 0.42 %
- ROCE 13.0 %
- ROE 10.7 %
- Face Value ₹ 2.00
Pros
- Stock is trading at 1.10 times its book value
- Debtor days have improved from 31.8 to 18.4 days.
Cons
- Company might be capitalizing the interest cost
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2025 | Mar 2026 | |
|---|---|---|
| 179 | 277 | |
| Sales growth | +55% | |
| 166 | 257 | |
| Operating Profit | 12 | 20 |
| OPM % | 7% | 7% |
| 6 | 1 | |
| Interest | 2 | 2 |
| Depreciation | 1 | 2 |
| Profit before tax | 15 | 17 |
| Tax % | 23% | 25% |
| 12 | 13 | |
| EPS in Rs | 2.13 | 2.23 |
| Dividend Payout % | 5% | 4% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 55% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 36% |
| Stock Price CAGR | |
|---|---|
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| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -28% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 11% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2025 | Mar 2026 | |
|---|---|---|
| Equity Capital | 11 | 12 |
| Reserves | 91 | 114 |
| 33 | 27 | |
| 59 | 65 | |
| Total Liabilities | 194 | 218 |
| 26 | 29 | |
| CWIP | 4 | 12 |
| Investments | -0 | -0 |
| 165 | 176 | |
| Total Assets | 194 | 218 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2025 | Mar 2026 | |
|---|---|---|
| -53 | 9 | |
| -16 | -15 | |
| 77 | 3 | |
| Net Cash Flow | 8 | -4 |
| Free Cash Flow | -69 | -5 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | -389% | 59% |
Ratios
Consolidated / View Standalone
| Mar 2025 | Mar 2026 | |
|---|---|---|
| Debtor Days | 45 | 18 |
| Inventory Days | 247 | 176 |
| Days Payable | 120 | 79 |
| Cash Conversion Cycle | 172 | 116 |
| Working Capital Days | 145 | 117 |
| ROCE % | 13% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
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| Dealer Network dealers |
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| Actual Production Volume units ・Standalone data |
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| Electric Two-Wheeler Sales Volume units |
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| Installed Production Capacity units ・Standalone data |
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| Permanent Employees employees ・Standalone data |
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| States Covered states |
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| Electric Two-Wheeler Product Models models |
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| Manufacturing Units Under Construction units |
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| Operational Manufacturing Units units |
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Extracted by Screener AI
Documents
Announcements
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Outcome of Board Meeting
- Board allotted 34 lakh convertible warrants on November 9, 2026, raising Rs. 10.2 crore from promoters.
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Allotment of Securities
- Board allotted 34 lakh convertible warrants at Rs30 each, raising Rs10.2 crore; 25% upfront received.
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Updates
- Trademark applications for Tunwal Roma, Sports 63, Alfa Pro and Lithino Pro accepted.
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Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter
- Tunwal E-Motors says corporate governance report is not applicable for quarter ended September 30, 2026.
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Structural Digital Database
- SDD compliance certificate issued for April 1, 2026 to October 11, 2026.
Business Overview:[1][2]
TEML manufactures and markets electric two-wheelers under the brand of Tunwal. It is engaged in the business of manufacturing, assembling, developing, and marketing electric two-wheelers and related electric mobility products. The company operates in the electric vehicle (EV) and sustainable
mobility sector and is focused on providing affordable and technologically enabled electric mobility solutions.