BSE: 543378 | NSE: | Electronics - Components | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that CWD Ltd is a below average quality company.
The key valuation ratios of CWD Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of CWD Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | -44.4% | 37.4% | 19.8% | 32.4% | 14.4% | 8.3% | - |
| Value Creation Index ⓘ | NA | 1.7 | 0.4 | 1.3 | 0.0 | -0.4 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||
| Sales ⓘ | 0 | 2.4 | 2.5 | 14.8 | 22.7 | 17.7 | 18 |
| Sales YoY Gr. | - | 5,775% | 4.3% | 505.3% | 53.2% | -22% | - |
| Adj EPS ⓘ | -530.5 | 1.8 | 3.9 | 6.6 | 5.7 | 2.8 | 3.2 |
| YoY Gr. | - | NA | 110.3% | 69.5% | -12.5% | -50.7% | - |
| BVPS (₹) ⓘ | -3,096.3 | -76.8 | 3.9 | 52.5 | 58.5 | 61.7 | 61.7 |
| Adj Net Profit ⓘ | -0.5 | 0.3 | 1.1 | 2.4 | 2.1 | 1 | 1 |
| Cash Flow from Ops. ⓘ | -0.7 | -1 | 0.6 | 2.8 | -3.1 | -3.5 | - |
| Debt/CF from Ops. ⓘ | -5.1 | -6 | 7.3 | 1 | -1.6 | -3.3 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | 238.3% | 93.4% | -22% | ||||
| Adj EPS ⓘ | NA | NA | -9.9% | -50.7% | ||||
| BVPSⓘ | NA | NA | 151.9% | 5.4% | ||||
| Share Price | - | - | 54.8% | -15.6% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 17.1 | -9.2 | -147.5 | 23.7 | 10.3 | 4.2 | 5.1 |
| Op. Profit Mgn % ⓘ | -513.3 | 31.9 | 41.4 | 32.8 | 26.1 | 30.1 | NAN |
| Net Profit Mgn % ⓘ | -1441.5 | 11 | 43.6 | 16 | 9.1 | 5.8 | 6.5 |
| Debt to Equity ⓘ | -1.1 | -2.3 | 4.1 | 0.2 | 0.2 | 0.5 | - |
| Working Cap Days ⓘ | 0 | 203 | 450 | 211 | 275 | 527 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 80 | 235 | 83 | 131 | 342 | 0 |
Sales growth is growing at healthy rate in last 3 years 93.43%
Return on Equity has declined versus last 3 years average to 5.10%
Net Profit has been subdued in last 3 years -9.91%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 3.2 | 3.2 |
| TTM Sales (₹ Cr.) | 17.7 | 17.7 |
| BVPS (₹.) ⓘ | 61.7 | 63.8 |
| Reserves (₹ Cr.) ⓘ | 19 | 19 |
| P/BV ⓘ | 13.20 | 12.76 |
| PE ⓘ | 256.71 | 256.71 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 590.00 / 1144.00 |
| All Time Low / High (₹) | 180.00 / 2425.00 |
| Market Cap (₹ Cr.) | 294 |
| Equity (₹ Cr.) | 3.6 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 217.4 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|
| Sales | 0 | 2 | 2 | 15 | 23 | 18 |
| Operating Expenses ⓘ | 0 | 2 | 1 | 10 | 17 | 12 |
| Manufacturing Costs | 0 | 0 | 0 | 0 | 2 | 1 |
| Material Costs | 0 | 1 | 1 | 4 | 9 | 7 |
| Employee Cost | 0 | 0 | 0 | 2 | 3 | 3 |
| Other Costs ⓘ | 0 | 1 | 0 | 3 | 3 | 2 |
| Operating Profit ⓘ | 0 | 1 | 1 | 5 | 6 | 5 |
| Operating Profit Margin (%) | -513.0% | 31.9% | 41.3% | 32.8% | 26.1% | 30.1% |
| Other Income ⓘ | 0 | 0 | 0 | 1 | 0 | 0 |
| Interest ⓘ | 0 | 0 | 0 | 0 | 0 | 1 |
| Depreciation ⓘ | 0 | 0 | 0 | 1 | 3 | 3 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | -1 | 0 | 0 | 4 | 3 | 2 |
| Tax ⓘ | 0 | 0 | -1 | 1 | 1 | 0 |
| Profit After Tax | -1 | 0 | 1 | 3 | 2 | 1 |
| PAT Margin (%) | -1,439.4% | 11.3% | 44.3% | 19.8% | 9.5% | 6.5% |
| Adjusted EPS (₹) | -123.0 | 1.9 | 3.9 | 8.1 | 6.0 | 3.2 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | -3 | -3 | 1 | 19 | 21 | 22 | ||||
| Share Capital ⓘ | 0 | 0 | 3 | 4 | 4 | 4 | ||||
| Reserves ⓘ | -3 | -3 | -2 | 15 | 18 | 19 | ||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Debt | 4 | 6 | 4 | 3 | 5 | 11 | ||||
| Long Term Debt | 4 | 4 | 2 | 1 | 3 | 3 | ||||
| Short Term Debt | 0 | 2 | 2 | 2 | 2 | 9 | ||||
| Trade Payables | 0 | 0 | 1 | 3 | 2 | 1 | ||||
| Others Liabilities ⓘ | 0 | 0 | 0 | 6 | 6 | 14 | ||||
| Total Liabilities ⓘ | 1 | 4 | 6 | 31 | 34 | 48 | ||||
Fixed Assets | ||||||||||
| Gross Block | 0 | 0 | 2 | 13 | 15 | 16 | ||||
| Accumulated Depreciation | 0 | 0 | 0 | 2 | 4 | 7 | ||||
| Net Fixed Assetsⓘ | 0 | 0 | 1 | 11 | 11 | 9 | ||||
| CWIP ⓘ | 0 | 1 | 1 | 1 | 1 | 3 | ||||
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Inventories | 0 | 1 | 2 | 7 | 7 | 11 | ||||
| Trade Receivables | 0 | 1 | 1 | 1 | 8 | 12 | ||||
| Cash Equivalents | 0 | 0 | 0 | 5 | 1 | 5 | ||||
| Others Assetsⓘ | 0 | 0 | 1 | 5 | 6 | 8 | ||||
| Total Assets ⓘ | 1 | 4 | 6 | 31 | 34 | 48 | ||||
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -1 | -1 | 1 | 3 | -3 | -4 |
| PBT ⓘ | -1 | 0 | 1 | 4 | 3 | 2 |
| Adjustment ⓘ | 0 | 0 | 1 | 2 | 3 | 4 |
| Changes in Working Capital ⓘ | -1 | -2 | -0 | -3 | -9 | -9 |
| Tax Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | 0 | -1 | -1 | -11 | -2 | -3 |
| Capex | 0 | 0 | -1 | -11 | -2 | -3 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | -1 | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | 1 | 2 | 1 | 13 | 1 | 11 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 2 | 15 | 0 | 6 |
| Net Proceeds from Borrowing ⓘ | 1 | 0 | -2 | -1 | 2 | 0 |
| Interest Paid ⓘ | 0 | 0 | 0 | 0 | 0 | -1 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 2 | 0 | -1 | 0 | 7 |
| Net Cash Flow ⓘ | 0 | 0 | 0 | 5 | -4 | 5 |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | N/A | N/A | 0 | 29.3 | 10.78 | 5.28 | ||||
| ROCE (%) | N/A | N/A | 19.81 | 32.41 | 14.4 | 8.26 | ||||
| Asset Turnover Ratio | 0.06 | 1.05 | 0.49 | 0.8 | 0.7 | 0.43 | ||||
| PAT to CFO Conversion(x) | N/A | N/A | 1 | 1 | -1.5 | -4 | Working Capital Days | |||
| Receivable Days | 15 | 50 | 91 | 24 | 74 | 208 | ||||
| Inventory Days | 534 | 113 | 288 | 118 | 111 | 179 | ||||
| Payable Days | 1,278 | 144 | 387 | 158 | 96 | 91 | ||||
The company was incorporated as “CWD Innovation Private Limited” on May 30, 2016 under the Companies Act, 2013 with the Registrar of Companies, Mumbai. The status of the Company was changed to public limited and the name of the company was changed to CWD Innovation Limited
vide Special Resolution dated January 30, 2021.The fresh certificate of incorporation consequent to conversion was issued on February 18, 2021 by the Registrar of Companies, Mumbai. Further, the name of the company was changed to “CWD Limited” vide special resolution passed by the shareholders of the company in their meeting held on July 24, 2021 and a fresh Certificate of Incorporation consequent to the change of name was granted to the company on August 11, 2021, by the Registrar of Companies, Mumbai.
CWD stands for Connected Wireless Devices. The company is an Information and Communication Technology (ICT) based company that designs, develops, manufactures, and sells integrated solutions combining the power of software and electronics. All products that are designed and developed in the company are focused on wireless technologies either on short range radio technology like NFC, Bluetooth BLE, WiFi, Zigbee; mid range systems like LORA or long-range communication systems like 5G LTE, NB-IOT, LTE CAT M1 etc.
The company is registered as a start-up with DIPP, with a focus to provide innovative, cost-effective, and comprehensive solutions, products with strategic partnerships for best engineering and support and distribution of its products.
The company is a fully integrated end-to-end integrated solution provider and original equipment manufacturers (OEMs) with capabilities ranging from global sourcing, manufacturing, quality testing, packaging, and logistics. It is an innovation-driven company with strong focus on research and development (R&D), which allows it to develop new products suited to customer requirements and helping them to stay ahead of the curve. It develops and designs products in-house at its own R&D unit. It manufactures and supplies these products to customers globally who in turn distribute these products under their own brands.
It has developed R&D capabilities that include electronics hardware designing, system architecture, mechanical and product designing, prototyping, and testing. Apart from undertaking designing, the company also assists its customers in cost reduction through product engineering.
Business area of the company
The company operates mainly through the segments of Consumer Electronics and Design and Development of Technology Solutions for various Enterprises and Businesses. Its diversified product portfolio includes Smart Medical Consumer Electronics, Products for Vaccine Tracking and Delivery, Tracking devices for Farm Cattle that monitor both movement and health, Electronics for converting Electric Power meter into a Smart Power meter, Employee Safety and
Identity Solutions, Electronics that once embedded provide Smart Lighting capabilities to enterprises and consumers reducing their costs, Bluetooth Low Energy Modules that can be used across various white goods and projects etc. The company’s comprehensive suite of innovative technology allows it to attract new customers and expand existing customer relationships.
Milestones / Achievements
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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