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Wardwizard Innovations & Mobility
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Ward Wizard Innovations & Mobility Limited (Formerly known as Manvijay Development Company Limited) was incorporated on October 20, 1982. Earlier, the Company was engaged into development of real estate activities & investment in group Company. There was change in the management & control of the Company during the year 2019-20 & new management took the control of the Company from 1st October, 2019 and changed their business activities to manufacturing/trading of electrical vehicles; scooters; by-cycles; electronic goods; home appliances; hospitality sector; herbal & ayurvedic sector & real estate sector. In addition to new business activities, the name of the Company was changed from 'Manvijay Development Company Limited' to 'Wardwizard Innovations & Mobility Limited' during the year 2019-20.
Currently, the Company has a production capacity of 400,000 units of Electric Scooters and bikes per year on a three-shift plan. Besides, it manufactures 12 scooters and bikes variants under the brand name Joy e-bike. The Company has 550+ dealership touchpoints.
Wardwizard's flagship brand 'Joy e-bike' peddled its way into the EV segment by first introducing electric bicycles in year 2016. The Company inaugurated one of India's largest electric two-wheelers plant in 2017. It launched Joy e bike butterfly, honeybee low speed electric scooter during October, 2018; it launched e- Monster Bike in 2019 and later on Thunderbolt, Hurricane, Beast, and Skyline in January, 2021. It launched 4-high performance bike variants of Joy E Bike. In FY 2022, it commissioned the automated assembly product line business. In September, 2022 the Company established the R&D Centre under its wholly owned subsidiary, Wardwizard Global Pte. Ltd., in Singapore.
In January 2023, Company launched 'the all-new Made in India's electric scooter MIHOS and unveiled a high-speed electric bike named Rockefeller'. It launched the Joy E-Rik'. Joy E Bike is the sole manufacturer and 1st in EV market to come up with different EV models. Further, it opened the First Distributor Showroom. In March 2023, it commenced 1 GWh Lithium-Ion Battery Assembly Line.
Wardwizard Innovations & Mobility share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of Wardwizard Innovations & Mobility indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Wardwizard Innovations & Mobility is valued compared to its competitors.
Wardwizard Innovations & Mobility PE ratio helps investors understand what is the market value of each stock compared to Wardwizard Innovations & Mobility 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of Wardwizard Innovations & Mobility evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively Wardwizard Innovations & Mobility generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of Wardwizard Innovations & Mobility in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of Wardwizard Innovations & Mobility shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of Wardwizard Innovations & Mobility compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of Wardwizard Innovations & Mobility over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of Wardwizard Innovations & Mobility helps investors get an insight into when they can enter or exit the stock. Key components of Wardwizard Innovations & Mobility Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Wardwizard Innovations & Mobility shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Wardwizard Innovations & Mobility ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of Wardwizard Innovations & Mobility provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of Wardwizard Innovations & Mobility highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Wardwizard Innovations & Mobility .
The balance sheet presents a snapshot of Wardwizard Innovations & Mobility ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.
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