Wardwizard Innovations & Mobility Ltd.

•

₹ 6.180.16%

2026-08-21

wardwizard.inBSE: -NSE: WARDINMOBI

Market Cap₹ 185 Cr.

Current Price₹ 6

High / Low₹ 7 / 5

Stock P/E0.0

Book Value₹ 5

Price to Book4.43

Dividend Yield0.00 %

ROCE12.6 %

ROE6.5 %

Face Value₹ 1

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ABOUT

KEY POINTS

Revenue Breakup Mar 2024 • Joy E bike: 100.0%

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

EDIT COLUMNS

Automobile & AncillariesAutomobile Two & Three Wheelers

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	BAJAJ-AUTO	11751.00	27.46	322921.99	1.28	3188.75	44.26	21688.83	71.50	28.68	20.88
2.	EICHERMOT	8057.10	38.32	221184.88	1.02	1462.51	21.35	6632.42	34.11	30.54	26.51
3.	TVSMOTOR	4378.00	60.68	207993.14	0.27	1057.61	64.52	16295.52	33.46	18.24	14.38
4.	HEROMOTOCO	5731.90	21.05	114718.94	3.23	1417.93	-91.69	13126.35	34.94	35.92	12.97
5.	ATHERENERG	1463.90	0.00	57169.95	0.00	-510.90	—	12169.20	—	-21.59	-2.73
6.	OLAELEC	37.85	0.00	17518.53	0.00	-336.00	21.50	455.00	-45.05	-30.33	-36.26
7.	ATULAUTO	486.85	28.60	1351.07	0.62	8.04	290.29	218.43	44.73	6.60	7.72
8.	URJA	9.34	475.71	520.43	0.00	0.43	-55.42	13.96	-26.55	1.47	3.99
9.	WARDINMOBI	6.16	196.71	185.30	0.00	0.17	-84.77	61.64	91.02	12.48	6.17

Detailed Comparison with:

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	—	—	—	—	—	—	—	—	—	—	—	—	—
OPM %	—	—	—	—	—	—	—	—	—	—	—	—	—
Other Income	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
	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	0	0	0	0	-0	0	0	0	0	0	0	0
Equity Capital	26	26	26	26	26	26	26	26	26	26	30	30	30
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Equity Capital	26	26	26	26	26	26	26	26	26	26	30	30	30
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Jun 2023

: 38
: 33
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 1
Depreciation: 2
: 2
Tax %: 27.98%
Net Profit: 2
: 0
Equity Capital: 26
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 26
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2023

: 45
: 39
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 1
Depreciation: 2
: 3
Tax %: 26.30%
Net Profit: 2
: 0
Equity Capital: 26
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 26
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2023

: 106
: 95
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 2
Depreciation: 2
: 8
Tax %: 30.11%
Net Profit: 6
: 0
Equity Capital: 26
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 26
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2024

: 128
: 118
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 2
Depreciation: 2
: 7
Tax %: 36.78%
Net Profit: 4
: 0
Equity Capital: 26
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 26
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2024

: 49
: 41
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 3
Depreciation: 1
: 3
Tax %: 26.44%
Net Profit: 2
: 0
Equity Capital: 26
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 26
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2024

: 58
: 60
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 4
Depreciation: 2
: -7
Tax %: 11.70%
Net Profit: -6
: -0
Equity Capital: 26
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 26
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2024

: 86
: 74
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 7
Depreciation: 2
: 4
Tax %: 5.19%
Net Profit: 4
: 0
Equity Capital: 26
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 26
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2025

: 109
: 90
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 7
Depreciation: 2
: 10
Tax %: 33.16%
Net Profit: 6
: 0
Equity Capital: 26
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 26
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2025

: 32
: 28
Operating Profit: —
OPM %: —
Other Income: 5
Interest: 6
Depreciation: 2
: 1
Tax %: 24.32%
Net Profit: 1
: 0
Equity Capital: 26
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 26
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2025

: 33
: 28
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 5
Depreciation: 2
: 0
Tax %: -80.00%
Net Profit: 0
: 0
Equity Capital: 26
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 26
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2025

: 63
: 58
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 3
Depreciation: 2
: 0
Tax %: 0.00%
Net Profit: 0
: 0
Equity Capital: 30
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 30
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2026

: 118
: 112
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 5
Depreciation: 1
: 1
Tax %: 49.59%
Net Profit: 1
: 0
Equity Capital: 30
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 30
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2026

: 62
: 62
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 3
Depreciation: 1
: 0
Tax %: -98.95%
Net Profit: 0
: 0
Equity Capital: 30
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 30
Reserves: 0
Promoter Pledge %: 0.00%

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	15	20	33	37	—
OPM %	13	82	—	—	-1,109	8	8	8	10	12	—
Other Income	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
	0	0	0	-0	-1	2	12	14	21	10	1
Tax %	-9	58	28	-1	-1	24	30	32	31	34	30
Net Profit	0	0	0	-0	-1	2	8	9	14	7	1
EPS	0	0	0	0	0	0	0	0	1	0	—
Dividend Payout %	0	0	0	0	0	59	23	28	28	38	—
Minority Interest	0	0	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	0	0	0	-0	-0	0	0	0	1	0	—
Minority Interest	0	0	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	0	0	0	-0	-0	0	0	0	1	0	—

Mar 2016

: 0
: 0
Operating Profit: 0
OPM %: 13
Other Income: 0
Interest: 0
Depreciation: 0
: 0
Tax %: -9
Net Profit: 0
EPS: 0
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0

Mar 2017

: 0
: 0
Operating Profit: 0
OPM %: 82
Other Income: 0
Interest: 0
Depreciation: 0
: 0
Tax %: 58
Net Profit: 0
EPS: 0
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0

Mar 2018

: 0
: 0
Operating Profit: 0
OPM %: —
Other Income: 0
Interest: 0
Depreciation: 0
: 0
Tax %: 28
Net Profit: 0
EPS: 0
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0

Mar 2019

: 0
: 0
Operating Profit: -0
OPM %: —
Other Income: 0
Interest: 0
Depreciation: 0
: -0
Tax %: -1
Net Profit: -0
EPS: 0
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -0

Mar 2020

: 0
: 1
Operating Profit: -1
OPM %: -1,109
Other Income: 0
Interest: 0
Depreciation: 0
: -1
Tax %: -1
Net Profit: -1
EPS: 0
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -0

Mar 2021

: 39
: 36
Operating Profit: 3
OPM %: 8
Other Income: 0
Interest: 0
Depreciation: 1
: 2
Tax %: 24
Net Profit: 2
EPS: 0
Dividend Payout %: 59
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0

Mar 2022

: 185
: 171
Operating Profit: 15
OPM %: 8
Other Income: 1
Interest: 0
Depreciation: 2
: 12
Tax %: 30
Net Profit: 8
EPS: 0
Dividend Payout %: 23
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0

Mar 2023

: 239
: 220
Operating Profit: 20
OPM %: 8
Other Income: 0
Interest: 1
Depreciation: 5
: 14
Tax %: 32
Net Profit: 9
EPS: 0
Dividend Payout %: 28
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0

Mar 2024

: 317
: 285
Operating Profit: 33
OPM %: 10
Other Income: 0
Interest: 5
Depreciation: 7
: 21
Tax %: 31
Net Profit: 14
EPS: 1
Dividend Payout %: 28
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1

Mar 2025

: 302
: 265
Operating Profit: 37
OPM %: 12
Other Income: 0
Interest: 20
Depreciation: 7
: 10
Tax %: 34
Net Profit: 7
EPS: 0
Dividend Payout %: 38
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0

TTM

: 276
: 259
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 16
Depreciation: 6
: 1
Tax %: 30
Net Profit: 1
EPS: —
Dividend Payout %: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —

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
LIABILITIES	-	-	-	-	-	-	-	-	-	-
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	0	70	182
Trade Payables	0	0	0	0	0	9	70	46	59	62
	0	0	0	0	5	3	50	97	56	66
Total Liabilities	7	7	7	7	11	39	183	231	288	416
ASSETS	-	-	-	-	-	-	-	-	-	-
	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
Total Debt	0	0	0	0	0	0	0	12	83	196
Net Working Capital	7	0	0	0	6	9	14	19	40	30
Contingent Liabilities	0	0	0	0	0	0	0	0	0	0
Book Value per Share	10.20	10.21	10.22	9.98	8.74	1.22	2.40	3.41	3.94	4.08
Face Value	10.00	10.00	10.00	10.00	10.00	1.00	1.00	1.00	1.00	1.00
Total Debt	0	0	0	0	0	0	0	12	83	196
Net Working Capital	7	0	0	0	6	9	14	19	40	30
Contingent Liabilities	0	0	0	0	0	0	0	0	0	0
Book Value per Share	10.20	10.21	10.22	9.98	8.74	1.22	2.40	3.41	3.94	4.08
Face Value	10.00	10.00	10.00	10.00	10.00	1.00	1.00	1.00	1.00	1.00

Mar 2016

Equity Capital: 6
: 0
: 0
Trade Payables: 0
: 0
Total Liabilities: 7
: 0
Capital Work in Progress: 0
: 0
: 0
: 0
Cash & Bank: 0
: 7
Total Assets: 7
Total Debt: 0
Net Working Capital: 7
Contingent Liabilities: 0
Book Value per Share: 10.20
Face Value: 10.00
Total Debt: 0
Net Working Capital: 7
Contingent Liabilities: 0
Book Value per Share: 10.20
Face Value: 10.00

Mar 2017

Equity Capital: 6
: 0
: 0
Trade Payables: 0
: 0
Total Liabilities: 7
: 0
Capital Work in Progress: 0
: 0
: 0
: 0
Cash & Bank: 0
: 7
Total Assets: 7
Total Debt: 0
Net Working Capital: 0
Contingent Liabilities: 0
Book Value per Share: 10.21
Face Value: 10.00
Total Debt: 0
Net Working Capital: 0
Contingent Liabilities: 0
Book Value per Share: 10.21
Face Value: 10.00

Mar 2018

Equity Capital: 6
: 0
: 0
Trade Payables: 0
: 0
Total Liabilities: 7
: 0
Capital Work in Progress: 0
: 4
: 0
: 0
Cash & Bank: 0
: 3
Total Assets: 7
Total Debt: 0
Net Working Capital: 0
Contingent Liabilities: 0
Book Value per Share: 10.22
Face Value: 10.00
Total Debt: 0
Net Working Capital: 0
Contingent Liabilities: 0
Book Value per Share: 10.22
Face Value: 10.00

Mar 2019

Equity Capital: 6
: -0
: 0
Trade Payables: 0
: 0
Total Liabilities: 7
: 0
Capital Work in Progress: 0
: 4
: 0
: 0
Cash & Bank: 0
: 2
Total Assets: 7
Total Debt: 0
Net Working Capital: 0
Contingent Liabilities: 0
Book Value per Share: 9.98
Face Value: 10.00
Total Debt: 0
Net Working Capital: 0
Contingent Liabilities: 0
Book Value per Share: 9.98
Face Value: 10.00

Mar 2020

Equity Capital: 7
: -1
: 0
Trade Payables: 0
: 5
Total Liabilities: 11
: 0
Capital Work in Progress: 0
: 4
: 2
: 0
Cash & Bank: 1
: 4
Total Assets: 11
Total Debt: 0
Net Working Capital: 6
Contingent Liabilities: 0
Book Value per Share: 8.74
Face Value: 10.00
Total Debt: 0
Net Working Capital: 6
Contingent Liabilities: 0
Book Value per Share: 8.74
Face Value: 10.00

Mar 2021

Equity Capital: 22
: 5
: 0
Trade Payables: 9
: 3
Total Liabilities: 39
: 15
Capital Work in Progress: 0
: 0
: 7
: 0
Cash & Bank: 2
: 14
Total Assets: 39
Total Debt: 0
Net Working Capital: 9
Contingent Liabilities: 0
Book Value per Share: 1.22
Face Value: 1.00
Total Debt: 0
Net Working Capital: 9
Contingent Liabilities: 0
Book Value per Share: 1.22
Face Value: 1.00

Mar 2022

Equity Capital: 26
: 36
: 0
Trade Payables: 70
: 50
Total Liabilities: 183
: 36
Capital Work in Progress: 0
: 0
: 72
: 0
Cash & Bank: 17
: 58
Total Assets: 183
Total Debt: 0
Net Working Capital: 14
Contingent Liabilities: 0
Book Value per Share: 2.40
Face Value: 1.00
Total Debt: 0
Net Working Capital: 14
Contingent Liabilities: 0
Book Value per Share: 2.40
Face Value: 1.00

Mar 2023

Equity Capital: 26
: 63
: 0
Trade Payables: 46
: 97
Total Liabilities: 231
: 53
Capital Work in Progress: 0
: 0
: 69
: 0
Cash & Bank: 11
: 98
Total Assets: 231
Total Debt: 12
Net Working Capital: 19
Contingent Liabilities: 0
Book Value per Share: 3.41
Face Value: 1.00
Total Debt: 12
Net Working Capital: 19
Contingent Liabilities: 0
Book Value per Share: 3.41
Face Value: 1.00

Mar 2024

Equity Capital: 26
: 77
: 70
Trade Payables: 59
: 56
Total Liabilities: 288
: 54
Capital Work in Progress: 0
: 0
: 78
: 66
Cash & Bank: 5
: 85
Total Assets: 288
Total Debt: 83
Net Working Capital: 40
Contingent Liabilities: 0
Book Value per Share: 3.94
Face Value: 1.00
Total Debt: 83
Net Working Capital: 40
Contingent Liabilities: 0
Book Value per Share: 3.94
Face Value: 1.00

Mar 2025

Equity Capital: 26
: 80
: 182
Trade Payables: 62
: 66
Total Liabilities: 416
: 52
Capital Work in Progress: 14
: 0
: 65
: 156
Cash & Bank: 9
: 119
Total Assets: 416
Total Debt: 196
Net Working Capital: 30
Contingent Liabilities: 0
Book Value per Share: 4.08
Face Value: 1.00
Total Debt: 196
Net Working Capital: 30
Contingent Liabilities: 0
Book Value per Share: 4.08
Face Value: 1.00

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	0	11	-18	-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
Free Cash Flow	-0	-0	-0	-0	-6	-16	-12	-40	-70	-88
OCF / Net Profit	-3.75	-43.96	-22.81	1.57	5.68	0.02	1.28	-1.90	-4.45	-10.12
Cumulative 5-Year FCF	0	0	0	0	-6	-22	-34	-73	-143	-225
OCF / Net Profit	-3.75	-43.96	-22.81	1.57	5.68	0.02	1.28	-1.90	-4.45	-10.12
Cumulative 5-Year FCF	0	0	0	0	-6	-22	-34	-73	-143	-225

Mar 2016

: -0
Cash from Investing: -0
Cash from Financing: 0
: -0
Free Cash Flow: -0
OCF / Net Profit: -3.75
Cumulative 5-Year FCF: 0
OCF / Net Profit: -3.75
Cumulative 5-Year FCF: 0

Mar 2017

: -0
Cash from Investing: 0
Cash from Financing: 0
: 0
Free Cash Flow: -0
OCF / Net Profit: -43.96
Cumulative 5-Year FCF: 0
OCF / Net Profit: -43.96
Cumulative 5-Year FCF: 0

Mar 2018

: -0
Cash from Investing: -4
Cash from Financing: 4
: -0
Free Cash Flow: -0
OCF / Net Profit: -22.81
Cumulative 5-Year FCF: 0
OCF / Net Profit: -22.81
Cumulative 5-Year FCF: 0

Mar 2019

: -0
Cash from Investing: 0
Cash from Financing: 0
: -0
Free Cash Flow: -0
OCF / Net Profit: 1.57
Cumulative 5-Year FCF: 0
OCF / Net Profit: 1.57
Cumulative 5-Year FCF: 0

Mar 2020

: -5
Cash from Investing: -0
Cash from Financing: 7
: 1
Free Cash Flow: -6
OCF / Net Profit: 5.68
Cumulative 5-Year FCF: -6
OCF / Net Profit: 5.68
Cumulative 5-Year FCF: -6

Mar 2021

: 0
Cash from Investing: -12
Cash from Financing: 13
: 1
Free Cash Flow: -16
OCF / Net Profit: 0.02
Cumulative 5-Year FCF: -22
OCF / Net Profit: 0.02
Cumulative 5-Year FCF: -22

Mar 2022

: 11
Cash from Investing: -23
Cash from Financing: 27
: 15
Free Cash Flow: -12
OCF / Net Profit: 1.28
Cumulative 5-Year FCF: -34
OCF / Net Profit: 1.28
Cumulative 5-Year FCF: -34

Mar 2023

: -18
Cash from Investing: -22
Cash from Financing: 33
: -6
Free Cash Flow: -40
OCF / Net Profit: -1.90
Cumulative 5-Year FCF: -73
OCF / Net Profit: -1.90
Cumulative 5-Year FCF: -73

Mar 2024

: -63
Cash from Investing: -8
Cash from Financing: 64
: -6
Free Cash Flow: -70
OCF / Net Profit: -4.45
Cumulative 5-Year FCF: -143
OCF / Net Profit: -4.45
Cumulative 5-Year FCF: -143

Mar 2025

: -69
Cash from Investing: -19
Cash from Financing: 93
: 5
Free Cash Flow: -88
OCF / Net Profit: -10.12
Cumulative 5-Year FCF: -225
OCF / Net Profit: -10.12
Cumulative 5-Year FCF: -225

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
PER SHARE	-	-	-	-	-	-	-	-	-	-
EPS (₹)	0.01	0.01	0.01	-0.24	-1.24	0.09	0.33	0.36	0.54	0.26
Book Value (₹)	10.20	10.21	10.22	9.98	8.74	1.22	2.40	3.41	3.94	4.08
Dividend per Share (₹)	0.00	0.00	0.00	0.00	0.00	0.05	0.07	0.10	0.15	0.10
Cash EPS (₹)	0.00	0.00	0.00	-0.02	-0.12	0.11	0.41	0.54	0.78	0.50
PROFITABILITY	-	-	-	-	-	-	-	-	-	-
Operating Margin %	13.44%	81.67%	0.00%	0.00%	-853.53%	7.93%	7.86%	8.13%	9.85%	11.74%
Net Margin %	3.36%	18.98%	0.00%	0.00%	-874.14%	4.76%	4.59%	3.91%	4.32%	2.16%
ROE %	0.10%	0.09%	0.15%	-2.39%	-14.16%	11.30%	19.05%	12.50%	14.79%	6.50%
ROCE %	0.14%	0.22%	0.20%	-2.36%	-10.28%	12.70%	26.94%	17.98%	18.08%	12.57%
	0.10%	0.09%	0.15%	-2.38%	-10.16%	7.47%	7.65%	4.56%	5.46%	1.93%
EFFICIENCY	-	-	-	-	-	-	-	-	-	-
Debtor Days	3490	0	0	0	365	14	9	17	46	129
Inventory Days	52	0	0	0	7136	43	78	106	82	83
Payable Days	0	0	0	0	330	54	92	110	85	114
	3541	0	0	0	7171	3	-5	12	43	98
FINANCIAL HEALTH	-	-	-	-	-	-	-	-	-	-
Debt to Equity (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.14x	0.81x	1.85x
Interest Coverage (x)	2.88x	0.00x	0.00x	0.00x	-159.32x	517.42x	436.19x	18.25x	4.93x	1.50x
	207.84x	3.93x	1.70x	1.61x	13.84x	1.85x	1.11x	1.15x	1.23x	1.10x
GROWTH	-	-	-	-	-	-	-	-	-	-
Revenue Growth %	-83.22%	-83.30%	-100.00%	0.00%	0.00%	0.00%	369.39%	29.46%	32.81%	-4.70%
Operating Profit Growth %	-2.75%	1.51%	-18.98%	-816.04%	-491.44%	450.46%	365.35%	35.17%	66.06%	14.82%
Net Profit Growth %	-29.52%	-5.66%	61.11%	-1715.48%	-481.12%	305.55%	352.84%	11.38%	49.88%	-52.01%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	49.86%	-52.01%
VALUATION	-	-	-	-	-	-	-	-	-	-
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	101.98x	67.58x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	14.44x	4.43x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.26%	0.55%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	47.90x	17.60x

Mar 2016

EPS (₹): 0.01
Book Value (₹): 10.20
Dividend per Share (₹): 0.00
Cash EPS (₹): 0.00
Operating Margin %: 13.44%
Net Margin %: 3.36%
ROE %: 0.10%
ROCE %: 0.14%
: 0.10%
Debtor Days: 3490
Inventory Days: 52
Payable Days: 0
: 3541
Debt to Equity (x): 0.00x
Interest Coverage (x): 2.88x
: 207.84x
Revenue Growth %: -83.22%
Operating Profit Growth %: -2.75%
Net Profit Growth %: -29.52%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2017

EPS (₹): 0.01
Book Value (₹): 10.21
Dividend per Share (₹): 0.00
Cash EPS (₹): 0.00
Operating Margin %: 81.67%
Net Margin %: 18.98%
ROE %: 0.09%
ROCE %: 0.22%
: 0.09%
Debtor Days: 0
Inventory Days: 0
Payable Days: 0
: 0
Debt to Equity (x): 0.00x
Interest Coverage (x): 0.00x
: 3.93x
Revenue Growth %: -83.30%
Operating Profit Growth %: 1.51%
Net Profit Growth %: -5.66%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2018

EPS (₹): 0.01
Book Value (₹): 10.22
Dividend per Share (₹): 0.00
Cash EPS (₹): 0.00
Operating Margin %: 0.00%
Net Margin %: 0.00%
ROE %: 0.15%
ROCE %: 0.20%
: 0.15%
Debtor Days: 0
Inventory Days: 0
Payable Days: 0
: 0
Debt to Equity (x): 0.00x
Interest Coverage (x): 0.00x
: 1.70x
Revenue Growth %: -100.00%
Operating Profit Growth %: -18.98%
Net Profit Growth %: 61.11%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2019

EPS (₹): -0.24
Book Value (₹): 9.98
Dividend per Share (₹): 0.00
Cash EPS (₹): -0.02
Operating Margin %: 0.00%
Net Margin %: 0.00%
ROE %: -2.39%
ROCE %: -2.36%
: -2.38%
Debtor Days: 0
Inventory Days: 0
Payable Days: 0
: 0
Debt to Equity (x): 0.00x
Interest Coverage (x): 0.00x
: 1.61x
Revenue Growth %: 0.00%
Operating Profit Growth %: -816.04%
Net Profit Growth %: -1715.48%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2020

EPS (₹): -1.24
Book Value (₹): 8.74
Dividend per Share (₹): 0.00
Cash EPS (₹): -0.12
Operating Margin %: -853.53%
Net Margin %: -874.14%
ROE %: -14.16%
ROCE %: -10.28%
: -10.16%
Debtor Days: 365
Inventory Days: 7136
Payable Days: 330
: 7171
Debt to Equity (x): 0.00x
Interest Coverage (x): -159.32x
: 13.84x
Revenue Growth %: 0.00%
Operating Profit Growth %: -491.44%
Net Profit Growth %: -481.12%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2021

EPS (₹): 0.09
Book Value (₹): 1.22
Dividend per Share (₹): 0.05
Cash EPS (₹): 0.11
Operating Margin %: 7.93%
Net Margin %: 4.76%
ROE %: 11.30%
ROCE %: 12.70%
: 7.47%
Debtor Days: 14
Inventory Days: 43
Payable Days: 54
: 3
Debt to Equity (x): 0.00x
Interest Coverage (x): 517.42x
: 1.85x
Revenue Growth %: 0.00%
Operating Profit Growth %: 450.46%
Net Profit Growth %: 305.55%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2022

EPS (₹): 0.33
Book Value (₹): 2.40
Dividend per Share (₹): 0.07
Cash EPS (₹): 0.41
Operating Margin %: 7.86%
Net Margin %: 4.59%
ROE %: 19.05%
ROCE %: 26.94%
: 7.65%
Debtor Days: 9
Inventory Days: 78
Payable Days: 92
: -5
Debt to Equity (x): 0.00x
Interest Coverage (x): 436.19x
: 1.11x
Revenue Growth %: 369.39%
Operating Profit Growth %: 365.35%
Net Profit Growth %: 352.84%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2023

EPS (₹): 0.36
Book Value (₹): 3.41
Dividend per Share (₹): 0.10
Cash EPS (₹): 0.54
Operating Margin %: 8.13%
Net Margin %: 3.91%
ROE %: 12.50%
ROCE %: 17.98%
: 4.56%
Debtor Days: 17
Inventory Days: 106
Payable Days: 110
: 12
Debt to Equity (x): 0.14x
Interest Coverage (x): 18.25x
: 1.15x
Revenue Growth %: 29.46%
Operating Profit Growth %: 35.17%
Net Profit Growth %: 11.38%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): 0.54
Book Value (₹): 3.94
Dividend per Share (₹): 0.15
Cash EPS (₹): 0.78
Operating Margin %: 9.85%
Net Margin %: 4.32%
ROE %: 14.79%
ROCE %: 18.08%
: 5.46%
Debtor Days: 46
Inventory Days: 82
Payable Days: 85
: 43
Debt to Equity (x): 0.81x
Interest Coverage (x): 4.93x
: 1.23x
Revenue Growth %: 32.81%
Operating Profit Growth %: 66.06%
Net Profit Growth %: 49.88%
: 49.86%
P/E (x): 101.98x
P/B (x): 14.44x
Dividend Yield %: 0.26%
: 47.90x

Mar 2025

EPS (₹): 0.26
Book Value (₹): 4.08
Dividend per Share (₹): 0.10
Cash EPS (₹): 0.50
Operating Margin %: 11.74%
Net Margin %: 2.16%
ROE %: 6.50%
ROCE %: 12.57%
: 1.93%
Debtor Days: 129
Inventory Days: 83
Payable Days: 114
: 98
Debt to Equity (x): 1.85x
Interest Coverage (x): 1.50x
: 1.10x
Revenue Growth %: -4.70%
Operating Profit Growth %: 14.82%
Net Profit Growth %: -52.01%
: -52.01%
P/E (x): 67.58x
P/B (x): 4.43x
Dividend Yield %: 0.55%
: 17.60x

Shareholding Pattern

Numbers in percentages

TRADES

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	58.63	54.52	51.49	47.14	40.02	35.41	24.25	22.34
	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	41.36	45.47	48.51	52.86	59.98	64.59	75.75	77.66

Jun 2024

: 58.63
: 0.01
DIIs: 0.00
Government: 0.00
: 41.36

Sep 2024

: 54.52
: 0.00
DIIs: 0.00
Government: 0.00
: 45.47

Dec 2024

: 51.49
: 0.00
DIIs: 0.00
Government: 0.00
: 48.51

Mar 2025

: 47.14
: 0.00
DIIs: 0.00
Government: 0.00
: 52.86

Jun 2025

: 40.02
: 0.00
DIIs: 0.00
Government: 0.00
: 59.98

Sep 2025

: 35.41
: 0.00
DIIs: 0.00
Government: 0.00
: 64.59

Dec 2025

: 24.25
: 0.00
DIIs: 0.00
Government: 0.00
: 75.75

Mar 2026

: 22.34
: 0.00
DIIs: 0.00
Government: 0.00
: 77.66

Documents

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Annual Reports

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Credit Ratings

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Concalls

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