Wardwizard manufactures 2/3-wheelers in consumer discretionary with ₹188 Cr market cap. Company rebounded sharply in FY2025: Mar 2025 revenue ₹109 Cr and 17.21% OPM, recovering from loss-making Sep 2024. Scale remains small relative to broader auto industry.
High leverage (D/E 1.88) leaves little buffer if revenue contracts after recent recovery
Earnings volatile: loss ₹5.96 Cr (Sep 2024) vs profit ₹6.5 Cr (Mar 2025) makes forecasting unreliable
Weak capital returns: ROE 6.18% indicates poor returns on deployed capital
Valuation at risk: PE 29.56 prices growth; verify if margin sustainability justifies the multiple
Generated analysis · source review pending
OPM improved to 17.21% (Mar 2025) from 7.97% (Mar 2024), showing operational progress
Revenue rebounded ₹48.93 Cr (Jun 2024) to ₹109 Cr (Mar 2025); verify demand durability
If revenue persists at 17.21% margins, profit scales with volume growth
2/3-wheeler segment may see tailwinds from electrification or rural adoption — verify government policy support
Generated analysis · source review pending
1,366 historical price candles were omitted because the exchange source has not been verified.
Structured signal from quality, growth, valuation and momentum.
₹ crore, by fiscal year
% of revenue, by fiscal year
Comparable companies from the narrowest available industry classification.
Reported profit and loss, balance sheet, cash flow and growth history.
Annual operating, return, leverage and working-capital ratios.
Current futures and options contracts with compact option-chain pages.
Mutual-fund schemes that disclosed a holding in the company.
Annual reports, exchange filings, offer documents, ratings and earnings-call material.
Upcoming dates and the company’s corporate-action history.
Latest exchange announcements, filings and downloadable documents.
Consolidated figures
| Ratio | Mar 2024 | Mar 2025 |
|---|---|---|
| Margins | ||
| Gross margin % | 28.6% | 35.9% |
| EBITDA margin % | 9.8% | 12% |
| EBIT margin % | 7.8% | 9.8% |
| PAT margin % | 4.2% | 2.1% |
| Working capital | ||
| Receivable days | 75 | 186 |
| Inventory days | 124 | 122 |
| Payable days | 94 | 117 |
| NWC days | 105 | 192 |
| Leverage | ||
| Current ratio | 1.23 | 1.1 |
| Debt to EBITDA | 2.62 | 5.38 |
| Debt to equity | 0.82 | 1.88 |
| Interest coverage | 4.8 | 1.5 |
| Asset turnover | 1.13 | 0.74 |
| Return ratios | ||
| Return on assets % | 4.7% | 1.5% |
| Return on capital employed % | 22.2% | 27% |
| Return on equity % | 13.3% | 6.1% |
Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.
Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.
No scheme among the 32 fund houses on record reported a position in Wardwizard Innovations & Mobility Ltd. Portfolios are published monthly by each AMC; coverage is still partial.
| Holder (%) | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 70.09% | 70.45% | 68.42% | 67.46% | 58.63% | 54.52% | 51.49% | 47.14% | 40.02% | 35.41% | 24.25% | 22.34% | |
| FII | 0% | 0% | 0.04% | 0.05% | 0.02% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 0.01% | 0.01% | 0.01% | 0.07% | 0.01% | 0.01% | 0.01% | 0.01% | 0.13% | 0.01% | 0.01% | 0.01% | |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 29.9% | 29.54% | 31.53% | 32.42% | 41.34% | 45.47% | 48.5% | 52.85% | 59.85% | 64.58% | 75.74% | 77.65% | |
| No. of shareholders | — | — | — | — | — | — | — | — | — | 1,87,489 | 1,83,325 | 1,79,882 |
Promoter holding down 47.75 percentage points since Jun 2023.
| Date | Client | Type | Venue | Side | Quantity | Price | Value |
|---|---|---|---|---|---|---|---|
| 8 Jan 2026 | SMITA HITENDRA SHAH | Bulk | BSE | Sell | 15,26,000 | ₹6.05 | ₹0.92 Cr |
| 2 Jan 2026 | HITENDRAKUMAR BABALDAS SHAH | Bulk | BSE | Sell | 15,54,400 | ₹7.21 | ₹1.12 Cr |
| 2 Jan 2026 | HITENDRAKUMAR BABALDAS SHAH | Bulk | BSE | Buy | 400 | ₹7.14 | ₹0.00 Cr |
| 1 Jan 2026 | SMITA HITENDRA SHAH | Bulk | BSE | Sell | 20,42,000 | ₹7.28 | ₹1.49 Cr |
| 31 Dec 2025 | HITENDRAKUMAR BABALDAS SHAH | Bulk | BSE | Sell | 15,65,996 | ₹7.41 | ₹1.16 Cr |
| 31 Dec 2025 | HITENDRAKUMAR BABALDAS SHAH | Bulk | BSE | Buy | 70,996 | ₹7.46 | ₹0.05 Cr |
| 16 Dec 2025 | GANGABASE BARTER PRIVATE LIMITED | Bulk | BSE | Sell | 21,41,465 | ₹9.12 | ₹1.95 Cr |
| 13 Nov 2025 | MITVA DARSHIT SHAH | Bulk | BSE | Buy | 15,19,542 | ₹10.06 | ₹1.53 Cr |
| 13 Nov 2025 | MITVA DARSHIT SHAH | Bulk | BSE | Sell | 84,542 | ₹10.01 | ₹0.08 Cr |
| 16 Jul 2025 | RADHAMANI INDIA LIMITED | Bulk | BSE | Sell | 21,35,608 | ₹12.41 | ₹2.65 Cr |
Current officeholders as filed with BSE. A person holding two offices is listed once per office.
Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.
| Company | Mkt Cap | EV | Revenue | EBITDA | OPM | PAT | NPM | ROCE | ROE | WC Days |
|---|---|---|---|---|---|---|---|---|---|---|
| Tvs Motor Company LimitedTVSMOTORTVSMOTOR | ₹1,91,038 Cr | ₹2,22,662 Cr | ₹60,155 Cr | ₹8,937 Cr | 15% | ₹3,428 Cr | 5.7% | 29% | 33.4% | -60 |
| Ather Energy LimitedATHERENERGATHERENERG | ₹53,868 Cr | ₹54,381 Cr | ₹4,244 Cr | ₹-307 Cr | -11.1% | ₹-390 Cr | -14.1% | -20.2% | -33.7% | -68 |
| Ola Electric Mobility LimitedOLAELECOLAELEC | ₹17,162 Cr | ₹19,638 Cr | ₹1,880 Cr | ₹-920 Cr | -44% | ₹-1,741 Cr | -81.4% | -23.6% | -43.2% | -91 |
| Zelio E Mobility LtdZELIOZELIO | ₹2,239 Cr | — | ₹304 Cr | ₹34 Cr | 11.3% | ₹28 Cr | 9.2% | — | — | — |
| Wardwizard Innovations & Mobility LtdWARDINMOBIWARDINMOBI | ₹160 Cr | ₹356 Cr | ₹305 Cr | ₹37 Cr | 12% | ₹6 Cr | 2.1% | 27% | 6.2% | 192 |
| Supertech Ev LtdSEVLSEVL | ₹42 Cr | — | ₹78 Cr | ₹7 Cr | 8.6% | ₹4 Cr | 5% | — | — | — |
Documents link to external sources (exchange filings, company investor pages).
Announcement under Regulation 30 (LODR)-Resignation of Director
Consolidated figures · ₹ crore
| ₹ Cr | Mar 2024 | Mar 2025 |
|---|---|---|
| 321 | 305 | |
| COGS | 229 | 195 |
| Gross profit | 92 | 110 |
| 60 | 73 | |
| Operating profit (EBITDA) | 32 | 37 |
| OPM % | 9.8% | 12% |
| Depreciation | 7 | 7 |
| Interest | 5 | 20 |
| 0 | 0 | |
| Profit before tax | 20 | 10 |
| Tax | 6 | 4 |
| Tax % | 32.5% | 35.6% |
| 13 | 6 | |
| PAT margin % | 4.2% | 2.1% |
| EPS (₹) | 0.5 | 0.2 |
| EPS adjusted (₹) | 0.5 | 0.2 |
| 28.8% | 41.7% | |
| Annual report | Annual report for Mar 2024 | Annual report for Mar 2025 |
| ₹ Cr | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|
| Equity capital | 26 | 26 | 26 | 26 |
| Reserves | 36 | — | 75 | 79 |
| 12 | — | 83 | 196 | |
| 105 | — | 101 | 112 | |
| Total equity & liabilities | 179 | — | 285 | 413 |
| 36 | 53 | 54 | 52 | |
| CWIP | 0 | — | 0 | 14 |
| Investments | 0 | — | 0 | 0 |
| 143 | — | 232 | 347 | |
| Total assets | 179 | — | 285 | 413 |
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|
| -18 | -63 | -69 | |
| -21 | -8 | -19 | |
| 34 | 64 | 93 | |
| Net cash flow | -6 | -6 | 4 |
| Free cash flow | -41 | -70 | -76 |
| CFO / Operating profit % | — | -198.7% | -188.9% |