Wardwizard Innovations & Mobility (WARDINMOBI) had a P/E of 84.5× on 6 Nov 2026, above the industry P/E of 33.1×, and the shares are 52% below their 52-week high. Its ROCE of 14% is the lowest among the 7 largest Auto Manufacturers peers, and sales grew 1.2% a year over 3 years while net profit fell 40%. Debt is 1.02× equity. It is a small-cap company with a market cap of ₹102 Cr, ranked 20th of 20 Auto Manufacturers companies by market cap; the shares fell 47% over the past year.
- ₹3.31
- ₹3.40
- ₹3.25
- ₹3.30
- 3 L
Health check
- ReturnsBehind
−47.5% over a year, better than 0 of 7 peers.
- Price tagPricier
P/E 84.5 vs industry 33.1.
- GrowthSlow
Sales +1.2%, profit −40.2% a year over 3 years.
- ProfitabilityWeak
ROCE 13.8% vs peer median 26.1%.
- Balance sheetStretched
Debt 1.02× equity, interest covered 1.1×, Piotroski 5 of 9.
- Red flags5 to check
Return on equity is low at 1.5%.
Small cap
Defensive
Key metrics
- Market cap
- ₹102 Cr
- Small cap
- P/E
- 84.5
- Industry 33.1
- Price to book
- 0.67
- Peers 8.38
- Dividend yield
- 0.00%
- ROE
- 1.5%
- Peers 24.1%
- ROCE
- 13.8%
- Peers 26.1%
- Debt to equity
- 1.02
- Debt ₹153 Cr
- EPS (TTM)
- ₹0.04
- Face value ₹1
- OPM (TTM)
- 7.5%
- Net margin 0.3%
- Sales growth
- +91.0%
- Latest quarter vs a year ago
- Profit growth
- −84.8%
- Latest quarter vs a year ago
- Price to sales
- 0.37
- EV/EBITDA 9.8
Strengths and risks
Strengths
- Quarterly sales up 91.0% on a year ago.
Risks to check
- Return on equity is low at 1.5%.
- Quarterly profit down 84.8% on a year ago.
- P/E of 84.5 against an industry P/E of 33.1.
- 52% below its 52-week high.
- Interest coverage of only 1.1×.
About Wardwizard Innovations & Mobility
Wardwizard Innovations & Mobility Limited, together with its subsidiary, Wardwizard Global PTE Ltd, manufactures and sells electrical vehicles, spare parts, and other related services in India, Uganda, and Nepal. The company operates through Sales of Electric Vehicles, its Components & Related Services; Vyom Innovation; Sale of Services; and Other segments. It offers two-wheeler electric vehicles under the Joy E-Bikes brand; and 3-wheelers under the Joy…
- Headquarters
- Vadodara
- Sector
- Consumer Cyclical
- ISIN
- INE945P01024
- Website
- wardwizard.in
Price range
- Avg volume (3M)
- 3.5 L
- 1-year return
- minus 47.5%
- From 52-week high
- minus 51.6%
Peers · Auto Manufacturers
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MARUTIMaruti Suzuki India | 12,750.00 | plus 0.77% | 4,00,863 | 29.8 | 3.68 | 17.2% | 12.9% | 10.2% | 15.9% | 21.1% | 1.11% | minus 17.7% |
| M&MMahindra & Mahindra | 3,287.20 | plus 5.11% | 3,94,715 | 19.0 | 3.75 | 17.1% | 20.1% | 18.2% | 17.5% | 18.5% | 1.06% | minus 12.7% |
| BAJAJ-AUTOBajaj Auto | 10,900.00 | plus 1.32% | 2,99,536 | 23.3 | 8.21 | 26.1% | 35.6% | 21.0% | 19.5% | 21.0% | 1.39% | plus 22.9% |
| TVSMOTORTVS Motor Company | 4,491.70 | plus 0.94% | 2,13,457 | 55.8 | 18.81 | 28.8% | 37.2% | 14.5% | 20.2% | 31.4% | 0.27% | plus 28.1% |
| EICHERMOTEicher Motors | 7,669.50 | minus 0.56% | 2,10,544 | 36.5 | 8.38 | 26.4% | 23.8% | 25.2% | 17.5% | 23.7% | 1.06% | plus 11.3% |
| HYUNDAIHyundai Motor India | 2,130.00 | plus 0.42% | 1,73,071 | 37.8 | 8.50 | 32.6% | 24.1% | 10.3% | 5.5% | 4.9% | 0.99% | minus 11.4% |
| TMCVTata Motors | 425.50 | minus 0.83% | 1,56,704 | 24.8 | 10.26 | 25.5% | 26.0% | 10.4% | – | – | 0.93% | plus 30.2% |
| WARDINMOBIWardwizard Innovations & Mobility | 3.38 | plus 2.42% | 102 | 84.5 | 0.67 | 13.8% | 1.5% | 7.5% | 1.2% | −40.2% | 0.00% | minus 47.5% |
| Median of 7 peers | – | 0.77% | 2,13,457 | 29.8 | 8.38 | 26.1% | 24.1% | 14.5% | 17.5% | 21.1% | 1.06% | 11.3% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 32.3 | 33.4 | 62.7 | 118 | 61.6 | |
| 28.2 | 28.4 | 57.8 | 112 | 57.8 | |
| 4 | 5 | 5 | 6.8 | 3.8 | |
| 12.5% | 15.1% | 7.9% | 5.8% | 6.2% | |
| 4.6 | 1.1 | 0.1 | 0.8 | 0.1 | |
| 5.7 | 4.5 | 3.5 | 5 | 2.7 | |
| 1.5 | 1.5 | 1.5 | 1.4 | 1.2 | |
| 1.5 | 0.1 | 0 | 1.2 | 0.1 | |
| 24.3% | −123.8% | −14.5% | 50.6% | −142.7% | |
| 1.1 | 0.1 | 0 | 0.6 | 0.2 | |
| 0.04 | 0.01 | – | 0.02 | 0.01 |
Profit & loss
- Sales CAGR 3Y
- +1.2%
- Profit CAGR 3Y
- −40.2%
- EPS CAGR 3Y
- −43.4%
- ROE
- 1.5%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 238 | 320 | 305 | 247 | |
| – | +34.3% | minus 4.8% | minus 19.0% | |
| 222 | 289 | 268 | 226 | |
| 16.3 | 31.6 | 36.5 | 20.9 | |
| 6.8% | 9.9% | 12.0% | 8.4% | |
| 2.5 | −0.9 | 0.4 | 6.5 | |
| 0.7 | 4.2 | 20.4 | 18.6 | |
| 4.9 | 6.7 | 6.7 | 6 | |
| 0.2 | 0 | – | – | |
| 13.3 | 19.9 | 9.9 | 2.8 | |
| 33.3% | 32.5% | 35.5% | 31.9% | |
| 8.9 | 13.4 | 6.4 | 1.9 | |
| – | +51.8% | minus 52.7% | minus 70.3% | |
| 0.33 | 0.51 | 0.24 | 0.06 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 26.1 | 26.1 | 26.1 | 30.1 | |
| 62.1 | 75.2 | 78.6 | 120 | |
| 14.3 | 84.6 | 199 | 153 | |
| 121 | 99.6 | 109 | 89 | |
| 223 | 285 | 413 | 392 | |
| 47.8 | 48 | 60.4 | 55.4 | |
| 0 | 0 | 13.8 | 13.8 | |
| – | – | 3 | 6.5 | |
| 13.7 | 7.6 | 12.3 | 5.8 | |
| 162 | 230 | 323 | 311 | |
| 223 | 285 | 413 | 392 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −18.3 | −62.8 | −69 | 8.1 | |
| −21.4 | −7.5 | −19.3 | −0.1 | |
| 33.9 | 64.3 | 92.6 | −14.2 | |
| −5.8 | −6.1 | 4.3 | −6.2 | |
| −22.5 | −7.5 | −20.6 | −0.4 | |
| −40.8 | −70.4 | −89.6 | 7.7 | |
| −0.6 | −0.8 | −1.7 | – |
Shareholding pattern
NSE hasn’t returned a shareholding pattern for this company.
Major shareholders
Filings & events
News
No recent news coverage found.