Wardwizard Innovations & Mobility Ltd.
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ABOUT
KEY POINTS
Revenue Breakup Mar 2024 • Joy E bike: 100.0%
AI Sector View
AI GENERATEDAutomobile and Auto Components
Domestic auto demand remains strong across categories, with total vehicles registered up 27% YoY (2026-07), passenger vehicle sales up 14% YoY (2026-06), 2-wheelers up 23% YoY (2026-06), and tractor sales up 18% YoY (2026-07). Core demand is reinforced by vehicle sales of 395199 units (Jul/26) and car registrations of 457810 units (Jul/26), outweighing FPI outflows of INR -11826 crore over 3 months to 2026-08-31. The stance stays positive because fundamentals are stronger than positioning.
PROS
- Operating margins have improved to 11.7% from 7.9%
- Company has been maintaining a healthy dividend payout of 38.4%
- Working capital cycle has improved - days down from 44 to 35
- Company has a consistent dividend-paying track record
CONS
- Company has a high debt-to-equity of 1.85x
- Operating cash flow has been negative in recent years
- Receivables are growing faster than sales - a possible quality concern
- Recent results are weak - TTM profit is down 93.2% versus prior year
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -4.92x)
- Interest coverage is weak at 1.5x - earnings barely cover interest
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| BAJAJ-AUTO | 11795.00 | 27.56 | 324131.13 | 1.27 | 3188.75 | 44.26 | 21688.83 | 71.50 | 28.68 | 20.88 |
| EICHERMOT | 7749.70 | 36.85 | 212746.09 | 1.06 | 1462.51 | 21.35 | 6632.42 | 34.11 | 30.54 | 26.51 |
| TVSMOTOR | 4152.00 | 57.55 | 197256.17 | 0.29 | 1057.61 | 64.52 | 16295.52 | 33.46 | 18.24 | 14.38 |
| HEROMOTOCO | 5238.00 | 19.24 | 104833.96 | 3.53 | 1417.93 | -91.69 | 13126.35 | 34.94 | 35.92 | 12.97 |
| ATHERENERG | 1583.00 | 0.00 | 62782.37 | 0.00 | -510.90 | — | 12169.20 | — | -21.59 | -2.73 |
| OLAELEC | 37.31 | 0.00 | 17268.59 | 0.00 | -336.00 | 21.50 | 455.00 | -45.05 | -20.87 | -36.26 |
| ATULAUTO | 456.50 | 26.82 | 1266.85 | 0.66 | 8.04 | 290.29 | 218.43 | 44.73 | 11.27 | 7.72 |
| URJA | 9.06 | 461.45 | 504.83 | 0.00 | 0.43 | -55.42 | 13.96 | -26.55 | 1.40 | 3.99 |
| WARDINMOBI | 5.74 | 183.30 | 172.67 | 0.00 | 0.17 | -84.77 | 61.64 | 91.02 | 12.48 | 6.17 |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 38 | 45 | 106 | 128 | 49 | 58 | 86 | 109 | 32 | 33 | 63 | 118 | 62 | |
| 33 | 39 | 95 | 118 | 41 | 60 | 74 | 90 | 28 | 28 | 58 | 112 | 62 | |
| Operating Profit | 5 | 6 | 11 | 10 | 8 | -2 | 12 | 19 | 4 | 5 | 5 | 7 | -0 |
| OPM % | 12.54% | 12.92% | 10.79% | 7.97% | 15.55% | -2.70% | 14.04% | 17.21% | 12.49% | 15.14% | 7.92% | 5.76% | -0.06% |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5 | 1 | 0 | 1 | 0 | |
| Interest | 1 | 1 | 2 | 2 | 3 | 4 | 7 | 7 | 6 | 5 | 3 | 5 | 3 |
| Depreciation | 2 | 2 | 2 | 2 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 |
| Profit before Tax | 2 | 3 | 8 | 7 | 3 | -7 | 4 | 10 | 1 | 0 | 0 | 1 | 0 |
| Tax % | 27.98% | 26.30% | 30.11% | 36.78% | 26.44% | 11.70% | 5.19% | 33.16% | 24.32% | -80.00% | 0.00% | 49.59% | -98.95% |
| Net Profit | 2 | 2 | 6 | 4 | 2 | -6 | 4 | 6 | 1 | 0 | 0 | 1 | 0 |
| 0.07 | 0.09 | 0.22 | 0.16 | 0.09 | -0.23 | 0.15 | 0.25 | 0.04 | 0.01 | 0.00 | 0.02 | 0.01 |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | 0 | 0 | 0 | 39 | 185 | 239 | 317 | 302 | 276 | |
| 0 | 0 | 0 | 0 | 1 | 36 | 171 | 220 | 285 | 265 | 259 | |
| Operating Profit | -0 | -0 | -0 | -0 | -1 | 3 | 14 | 19 | 32 | 37 | 17 |
| OPM % | -119.18% | -1112.30% | — | — | -1234.88% | 7.81% | 7.54% | 8.05% | 10.18% | 12.21% | 6.09% |
| 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 2 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 5 | 20 | 16 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 5 | 7 | 7 | 6 |
| Profit before Tax | 0 | 0 | 0 | -0 | -1 | 2 | 12 | 14 | 21 | 10 | 1 |
| Tax % | -9.11% | 58.21% | 28.42% | -1.28% | -0.91% | 24.48% | 30.18% | 31.83% | 31.42% | 34.04% | 29.76% |
| Net Profit | 0 | 0 | 0 | -0 | -1 | 2 | 8 | 9 | 14 | 7 | 1 |
| EPS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.09 | 0.35 | 0.36 | 0.54 | 0.26 | — |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 58.62% | 22.94% | 27.61% | 27.63% | 38.39% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 75%
- 5 Years:
- 419%
- 3 Years:
- 18%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 94%
- 5 Years:
- —
- 3 Years:
- -7%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- —
RETURN ON EQUITY
- 10 Years:
- 5%
- 5 Years:
- 13%
- 3 Years:
- 11%
- Last Year:
- 6%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 6 | 6 | 6 | 6 | 7 | 22 | 26 | 26 | 26 | 26 |
| 0 | 0 | 0 | -0 | -1 | 5 | 36 | 63 | 77 | 80 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 14 | 81 | 187 | |
| Trade Payables | 0 | 0 | 0 | 0 | 0 | 9 | 70 | 46 | 59 | 62 |
| 0 | 0 | 0 | 0 | 5 | 3 | 50 | 83 | 45 | 61 | |
| Total Liabilities | 7 | 7 | 7 | 7 | 11 | 39 | 183 | 231 | 288 | 416 |
| 0 | 0 | 0 | 0 | 0 | 15 | 36 | 53 | 54 | 52 | |
| Capital Work in Progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 14 |
| 0 | 0 | 4 | 4 | 4 | 0 | 0 | 0 | 0 | 0 | |
| 0 | 0 | 0 | 0 | 2 | 7 | 72 | 69 | 78 | 65 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 66 | 156 | |
| Cash & Bank | 0 | 0 | 0 | 0 | 1 | 2 | 17 | 11 | 5 | 9 |
| 7 | 7 | 3 | 2 | 4 | 14 | 58 | 98 | 85 | 119 | |
| Total Assets | 7 | 7 | 7 | 7 | 11 | 39 | 183 | 231 | 288 | 416 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0 | -0 | -0 | -0 | -5 | 1 | 13 | -14 | -63 | -69 | |
| Cash from Investing | -0 | 0 | -4 | 0 | -0 | -12 | -23 | -22 | -8 | -19 |
| Cash from Financing | 0 | 0 | 4 | 0 | 7 | 13 | 27 | 33 | 64 | 93 |
| -0 | 0 | -0 | -0 | 1 | 1 | 15 | -6 | -6 | 5 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
No announcements filed.
News
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