Wardwizard Innovations and Mobility share price & results
- Jun 2026
- Mar 2026
Vadodara-based manufacturer of Joy e-bike electric two-wheelers and Joy e-rik electric three-wheelers, sold through a nationwide dealer and showroom-distributor network.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 61.6 | +91.0% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 6.2 | −6.3 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 0.19 | −83.0% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 0.74 | −4.3 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | 3.21 | +32.1 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | -3.33 | −14.0 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance −72.6% 1Y
1Y: ₹11.65 on 24 Oct 2025 → ₹3.19. High ₹11.85 (27 Oct 2025), low ₹3.19 (27 Oct 2026).
- Previous close
- ₹3.34
- Market cap
- ₹155 Cr
- 52-week range
- ₹3.19 – ₹11.85
- One year
- −73.08%
- Price to earnings (TTM to Jun 2026)
- 164.89×
- Return on equity (TTM to Jun 2026)
- 0.74%
Overview
- Symbol
- NSE:WARDINMOBI
- Industry
- Consumer Discretionary
- Exchange
- NSE
- Currency
- INR
What WARDWIZARD INNOVATIONS AND MOBILITY LIMITED does
Based on the company's own presentations, annual report and earnings calls.
Wardwizard Innovations & Mobility designs, manufactures and markets electric two-wheelers under the Joy e-bike brand (low-speed and high-speed scooters and motorbikes) and electric three-wheelers under the Joy e-rik brand (passenger, cargo and loader variants) at its own plants in Vadodara, Gujarat and Deoghar, Jharkhand. It sells through a pan-India network of dealers and showroom distributors backed by its own service centres and branch offices, and also runs EV fleet-leasing/deployment operations for delivery and logistics partners. The company additionally pursues international expansion through a Singapore R&D subsidiary and proposed EV assembly/battery joint ventures overseas.
Segments
- Electric two-wheelers (Joy e-bike)
- Electric three-wheelers (Joy e-rik)
- Manufacturing plants
- 2 (Vadodara, Gujarat and Deoghar, Jharkhand); ~1,25,000 sq. ft. combined
- Installed capacity
- 1.2 lakh units/yr at Vadodara (single shift, scalable to 4-6 lakh units/yr with multiple shifts) + 20,000 units/yr at Deoghar
- Dealer network
- 750+
- Showroom distributors
- 150+
- Service centres
- 200+
- Branch offices
- 10+
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2020 to Mar 2026).
Financials
What the filings say
Net profit, year on year: −83% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 58 | 86 | 109 | 32 | 33 | 63 | 118 | 62 |
| Expenses | 60 | 74 | 90 | 28 | 28 | 58 | 112 | 58 |
| Operating profit | -2 | 12 | 19 | 4 | 5 | 5 | 7 | 4 |
| Operating margin | −2.7% | 14.1% | 17.2% | 12.5% | 15.1% | 7.9% | 5.8% | 6.2% |
| Other income | 0 | 0 | 0 | 5 | 1 | 0 | 1 | 0 |
| Interest | 4 | 7 | 7 | 6 | 5 | 3 | 5 | 3 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 |
| Profit before tax | -7 | 4 | 10 | 1 | 0 | 0 | 1 | 0 |
| Tax rate | −11.7% | 5.2% | 33.2% | 23.8% | −88.9% | 0.0% | 49.6% | −100.0% |
| Net profit | -6 | 4 | 6 | 1 | 0 | 0 | 1 | 0 |
| EPS (₹ per share) | -0.20 | 0.13 | 0.21 | 0.04 | 0.01 | 0 | 0.02 | 0.01 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 239 | 317 | 302 | 247 |
| Expenses | 220 | 285 | 265 | 226 |
| Operating profit | 19 | 32 | 37 | 21 |
| Other income | 0 | 0 | 0 | 7 |
| Interest | 1 | 5 | 20 | 19 |
| Depreciation | 5 | 7 | 7 | 6 |
| Profit before tax | 14 | 21 | 10 | 3 |
| Net profit | 9 | 14 | 7 | 2 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 26 | 26 | 26 | 26 | 26 | 30 |
| Reserves | 36 | 63 | 77 | 80 | 82 | 122 |
| Borrowings | 0 | 14 | 85 | 199 | 143 | 153 |
| Other liabilities | 117 | 120 | 99 | 108 | 107 | 88 |
| Total liabilities | 179 | 224 | 286 | 414 | 358 | 393 |
| Fixed assets | 36 | 53 | 54 | 52 | 50 | 47 |
| Capital work in progress | 0 | 0 | 0 | 14 | 14 | 14 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other assets | 143 | 170 | 232 | 347 | 295 | 332 |
| Total assets | 179 | 224 | 286 | 414 | 358 | 393 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 0 | 11 | -18 | -63 | -69 | 8 |
| Cash from investing | -12 | -23 | -22 | -8 | -19 | 0 |
| Cash from financing | 13 | 27 | 33 | 64 | 93 | -14 |
| Net cash flow | 1 | 15 | -6 | -6 | 5 | -6 |
| Free cash flow | -16 | -12 | -39 | -71 | -88 | 8 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 27 | 12 | 25 | 77 | 188 | 289 |
| Inventory days | 84 | 165 | 131 | 126 | 124 | 106 |
| Days payable | 106 | 162 | 87 | 96 | 117 | 102 |
| Cash conversion cycle | 4 | 15 | 68 | 106 | 195 | 294 |
| Working capital days | 62 | -7 | 13 | 40 | 25 | 126 |
| Return on capital employed | 13.0% | 27.0% | 17.0% | 18.0% | 12.0% | 7.0% |
| Dividend payout | 59.0% | 23.0% | 28.0% | 28.0% | 38.0% | 0.0% |
Where revenue comes from
The businesses behind the company’s reported revenue.
Segment – A - Joy E Bike contributes 99.8% of reported segment revenue.
Year ended 31 Mar 2023 · Consolidated
- Segment – A - Joy E Bike 99.8%
₹238.78 crore
- Unallocated - Other Income-Scrap 0.1%
₹0.36 crore
- Segment – B - Vyom Products <0.1%
₹0.15 crore
- Segment – C - Services 0.0%
₹0.00 crore
| Business segment | Revenue · ₹ crore | Share |
|---|---|---|
| Segment – A - Joy E Bike | 238.78 | 99.8% |
| Unallocated - Other Income-Scrap | 0.36 | 0.1% |
| Segment – B - Vyom Products | 0.15 | <0.1% |
| Segment – C - Services | 0.00 | 0.0% |
Share = segment revenue ÷ total segment revenue, before intersegment adjustments.
How these numbers add up
- Total segment revenue
- ₹239.28 crore
- Intersegment adjustment
- ₹0.00 crore
- Net segment revenue
- ₹239.28 crore
Intersegment transactions are between the company’s own businesses. Net segment revenue can differ from income-statement revenue because reporting definitions differ.
Source: FinEdge · Last checked 19 Sept 2026. Reported segment names are kept as supplied.
Ownership
Who owns it
Public hold 77.65% as of Mar 2026; institutions added 0.00 pts since Dec 2025.
- Promoters 22.33%
- Foreign institutions 0.00%
- Domestic institutions 0.01%
- Public 77.65%
Who bought this quarter
since Dec 2025
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- newly disclosed 1.25% held
- +0.65 pp 2.54% held
The same filing shows 5 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Mar 2026 filing
Every holder of WARDWIZARD INNOVATIONS AND MOBILITY LIMITED above SEBI's 1% disclosure line, and what changed since Dec 2025.
| Holder | Stake | Change |
|---|---|---|
| 7.88% | −1.83 pp | |
| 7.11% | unchanged | |
| 6.47% | unchanged | |
| 2.54% | +0.65 pp | |
| 2.52% | −1.89 pp | |
| 1.46% | −1.19 pp | |
| 1.25% | newly disclosed | |
| 1.22% | −1.71 pp | |
| 0.87% | −0.09 pp |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
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