About
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 E-Rik brand. The company was formerly known as Manvijay Development Company Limited and changed its name to Wardwizard Innovations & Mobility Limited in February 2020. Wardwizard Innovations & Mobility Limited was incorporated in 1982 and is headquartered in Vadodara, India.
Key Metrics
as of Sep 2026Market Cap176 Cr
P/E187.00
Div Yield1.71 %
Book Value₹5.00
52w High₹14.60
52w Low₹5.05
Face Value₹1.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 61.64 | 118.49 | 62.72 | 33.43 | 32.27 | 109.03 | 86.27 | 58.18 | 48.92 | 128.05 | 106.29 | 45.11 | 37.87 |
| Expenses | 57.82 | 111.67 | 57.76 | 28.37 | 28.24 | 90.26 | 74.15 | 59.76 | 41.31 | 117.83 | 94.83 | 39.27 | 33.11 |
| Operating Profit | 3.82 | 6.82 | 4.96 | 5.06 | 4.03 | 18.77 | 12.12 | -1.58 | 7.61 | 10.22 | 11.46 | 5.84 | 4.76 |
| OPM % | 6.20 | 5.76 | 7.91 | 15.14 | 12.49 | 17.22 | 14.05 | -2.72 | 15.56 | 7.98 | 10.78 | 12.95 | 12.57 |
| Other Income | 0.13 | 0.80 | 0.08 | 1.08 | 4.62 | 0.11 | 0.15 | 0.14 | 0.04 | 0.17 | 0.04 | 0.02 | 0.02 |
| Depreciation | 1.16 | 1.37 | 1.54 | 1.54 | 1.52 | 2.05 | 1.62 | 1.52 | 1.49 | 1.75 | 1.73 | 1.65 | 1.55 |
| Interest | 2.69 | 5.02 | 3.46 | 4.51 | 5.66 | 7.12 | 6.60 | 3.79 | 2.88 | 1.87 | 1.60 | 0.94 | 0.81 |
| Profit before tax | 0.10 | 1.23 | 0.04 | 0.09 | 1.47 | 9.71 | 4.05 | -6.75 | 3.28 | 6.77 | 8.17 | 3.27 | 2.42 |
| Tax % | -100.00 | 49.59 | 0.00 | -88.89 | 23.81 | 33.16 | 5.19 | -11.70 | 26.52 | 36.78 | 30.11 | 26.30 | 27.69 |
| Net Profit | 0.19 | 0.62 | 0.04 | 0.17 | 1.12 | 6.49 | 3.84 | -5.96 | 2.42 | 4.28 | 5.70 | 2.42 | 1.75 |
| EPS in Rs | 0.01 | 0.02 | 0.00 | 0.01 | 0.04 | 0.21 | 0.13 | -0.20 | 0.08 | 0.14 | 0.19 | 0.08 | 0.06 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 247.00 | 302.00 | 317.00 | 239.00 | 185.00 | 39.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 |
| Expenses | 226.00 | 265.00 | 285.00 | 220.00 | 171.00 | 36.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 |
| Operating Profit | 21.00 | 37.00 | 32.00 | 19.00 | 14.00 | 3.00 | -1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| OPM % | 8.00 | 12.00 | 10.00 | 8.00 | 8.00 | 8.00 | -1,225.00 | — | — | -1,167.00 | -121.00 | 2.60 |
| Other Income | 7.00 | 0.00 | 0.00 | 0.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 19.00 | 20.00 | 5.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 6.00 | 7.00 | 7.00 | 5.00 | 2.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 3.00 | 10.00 | 21.00 | 14.00 | 12.00 | 2.00 | -1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Tax % | 31.00 | 34.00 | 31.00 | 32.00 | 30.00 | 25.00 | 1.00 | 0.00 | 0.00 | 50.00 | — | 0.00 |
| Net Profit | 2.00 | 7.00 | 14.00 | 9.00 | 8.00 | 2.00 | -1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EPS in Rs | 0.06 | 0.22 | 0.46 | 0.31 | 0.28 | 0.07 | -0.10 | -0.02 | 0.00 | 0.00 | 0.00 | 0.00 |
| Dividend Payout % | 0.00 | 38.00 | 28.00 | 28.00 | 23.00 | 59.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 30.00 | 26.00 | 26.00 | 26.00 | 26.00 | 22.00 | 7.00 | 6.00 | 6.00 | 6.00 | 6.00 | 3.00 |
| Reserves | 122.00 | 80.00 | 77.00 | 63.00 | 36.00 | 6.00 | 4.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.00 |
| Borrowings | 153.00 | 199.00 | 85.00 | 14.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 88.00 | 108.00 | 99.00 | 120.00 | 117.00 | 10.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 393.00 | 414.00 | 286.00 | 224.00 | 179.00 | 38.00 | 11.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 |
| Fixed Assets | 47.00 | 52.00 | 54.00 | 53.00 | 36.00 | 15.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| CWIP | 14.00 | 14.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4.00 | 4.00 | 4.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 332.00 | 347.00 | 232.00 | 170.00 | 143.00 | 23.00 | 7.00 | 2.00 | 3.00 | 7.00 | 7.00 | 7.00 |
| Total Assets | 393.00 | 414.00 | 286.00 | 224.00 | 179.00 | 38.00 | 11.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 8.00 | -69.00 | -63.00 | -18.00 | 11.00 | 0.00 | -5.00 | 0.00 | 0.00 | 0.00 | 0.00 | -1.00 |
| Cash from Investing Activity | 0.00 | -19.00 | -8.00 | -22.00 | -23.00 | -12.00 | 0.00 | 0.00 | -4.00 | 0.00 | 0.00 | 0.00 |
| Cash from Financing Activity | -14.00 | 93.00 | 64.00 | 33.00 | 27.00 | 13.00 | 7.00 | 0.00 | 4.00 | 0.00 | 0.00 | 0.00 |
| Net Cash Flow | -6.00 | 5.00 | -6.00 | -6.00 | 15.00 | 1.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | -1.00 |
| Free Cash Flow | 8.00 | -88.00 | -71.00 | -39.00 | -12.00 | -16.00 | -6.00 | 0.00 | 0.00 | 0.00 | 0.00 | -1.00 |
| CFO/OP % | 41.00 | -186.00 | -188.00 | -73.00 | 95.00 | 21.00 | 528.00 | 86.00 | 100.00 | 74.00 | 9.00 | -1,700.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 289.00 | 188.00 | 77.00 | 25.00 | 12.00 | 27.00 | 456.00 | — | — | 0.00 | 3,631.00 | 562.00 |
| Inventory Days | 106.00 | 124.00 | 126.00 | 131.00 | 165.00 | 84.00 | 7,446.00 | — | — | 0.00 | — | 19.00 |
| Days Payable | 102.00 | 117.00 | 96.00 | 87.00 | 162.00 | 106.00 | 511.00 | — | — | — | — | 0.00 |
| Cash Conversion Cycle | 294.00 | 195.00 | 106.00 | 68.00 | 15.00 | 4.00 | 7,391.00 | — | — | 0.00 | 3,631.00 | 581.00 |
| Working Capital Days | 126.00 | 25.00 | 40.00 | 13.00 | -7.00 | 62.00 | 18,889.00 | — | — | 365.00 | 12,506.00 | 2,090.00 |
| ROCE % | 7.00 | 12.00 | 18.00 | 17.00 | 27.00 | 13.00 | -10.00 | -2.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Corporate Actions
10 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 19 Sep 2025 | 19 Sep 2025 | — | 0.10 | |
| Other | 19 Sep 2025 | 19 Sep 2025 | — | — | Right Issue of Equity Shares |
| Dividend | 20 Sep 2024 | 20 Sep 2024 | — | 0.15 | |
| Dividend | 18 Sep 2023 | — | — | 0.10 | |
| Dividend | 22 Aug 2022 | — | — | 0.08 | |
| Dividend | 22 Aug 2022 | — | — | 0.08 | |
| Other | 20 Jan 2022 | 22 Jan 2022 | — | — | Right Issue of Equity Shares |
| Dividend | 17 Aug 2021 | — | — | 0.05 | |
| Split | 17 Mar 2021 | 18 Mar 2021 | 10:1 | — | |
| Bonus | 08 Jul 2015 | 09 Jul 2015 | 1:1 | — |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update31 Mar from crisil
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Rating update24 Feb from crisil
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Rating update26 May 2025 from crisil
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Rating update24 Apr 2025 from crisil
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Rating update11 Feb 2025 from crisil
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Rating update24 Dec 2024 from crisil