A leading electric vehicle (EV) stock priced under Rs. 25 has gained significant momentum, following the expansion of its fleet operations and the initiation of new projects. With a focus on scaling up production and enhancing its market presence, the company is making strategic moves to further strengthen its foothold in the rapidly growing EV sector.
Share Price Movement
During Thursday’s trading session, Wardwizard Innovations & Mobility Ltd‘s share price hit an intraday high of Rs.21.10 apiece, rising 4.5 percent from the previous close of Rs.20.11 apiece. The share has since retreated and closed at Rs.17.59 per share.
What Is The News
Wardwizard Innovations & Mobility Limited (WIML) has expanded its fleet operations by deploying 400 electric two-wheelers across Kolkata, Pune, and Ahmedabad in partnership with SpeedForcEV. This move is part of the company’s broader strategy to enhance its presence in the electric vehicle (EV) sector.
In a significant development, WIML is also working on a Rs. 2000 crore project in collaboration with the Gujarat government. The project focuses on manufacturing key EV components, including batteries, motors, controllers, and establishing a 3-wheeler assembly line.
New Developments
As part of its growth strategy, WIML has initiated a strategic business review, and its promoters are infusing funds to support production enhancement and streamline operations. Furthermore, the company is strengthening its EV charging infrastructure through a partnership with AmpVolts.
Looking ahead, WIML plans to enter the ride-hailing sector in Maharashtra by deploying L5 passenger electric three-wheelers in collaboration with Cabeys. This expansion into multiple areas underscores the company’s commitment to driving sustainable growth in the EV industry.
Also read: Small cap stock jumps 5% after receiving approval to list on NSE and BSE main boards
Product Portfolio
Wardwizard Innovations & Mobility Ltd, through its flagship brands Joy e-bike and Joy e-rik, offers a diverse range of electric two-wheelers and three-wheelers focused on eco-friendly solutions.
In Electric Two-Wheelers, the high-speed segment includes models like Nemo, Mihos, Wolf+, and Gen Next Nanu+, offering performance and style for urban commuting. For low-speed options, models such as Honeybee and Wolf cater to budget-conscious buyers seeking affordable, short-distance travel.
Additionally in Electric Three-Wheelers, the Joy e-rik brand provides electric three-wheelers for both passenger and commercial use. Passenger models like Joy e-rik V1 (L5) and Joy Bandhu (L3) offer safe urban transport, while commercial models like Joy Sahayak + Cargo (L5) cater to last-mile delivery needs.
Production Capacity
The company has an annual production capacity of 1,20,000 units for two-wheelers, with facilities spread across various locations. In Gujarat, the production area covers 70,000 sq. ft. for two-wheelers and 40,000 sq. ft. for three-wheelers. Additionally, there is a 15,000 sq. ft. facility in Jharkhand for two-wheelers. The company also operates over 25 branch offices and more than 200 service centers across the country.
Financial Overview
According to its recent financial updates, Wardwizard Innovations & Mobility Ltd reported consolidated revenue of Rs.86.27 crores in Q3 FY25, marking a 19 percent decrease from Rs.106.29 crores in Q3 FY24. Similarly, the company saw a 33 percent decrease in net profit to Rs.3.84 crores, compared to Rs.5.70 crores in the same period.
Ratio Analysis
The company has a Return on Capital Employed (ROCE) of 7.54 percent and a Return on Equity (ROE) of 5.56 percent. Its Price-to-Earnings (P/E) ratio stands at 134.07, lower than the industry average of 153.22, but still higher compared to some of its competitors. Furthermore, the company maintains a solid current ratio of 4.43, a debt-to-equity ratio of 1.82, and an Earnings Per Share (EPS) of Rs.0.15.
Written by – Siddesh S Raskar
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
