Price
Financials
Consolidated, Rs crore| Sep 2020 | Mar 2021 | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2 | 2 | 3 | 12 | 9 | 14 | 6 | 15 | 7 | 27 | 41 | 106 |
| Expenses | 1 | 1 | 1 | 9 | 6 | 11 | 6 | 9 | 7 | 19 | 33 | 88 |
| Operating Profit | 0 | 1 | 2 | 3 | 3 | 3 | -1 | 6 | 0 | 8 | 8 | 18 |
| OPM % | 27% | 54% | 57% | 28% | 37% | 19% | -11% | 39% | 6% | 28% | 21% | 17% |
| Other Income | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 2 | 2 | 4 |
| Depreciation | 0 | 0 | 0 | 1 | 1 | 2 | 2 | 1 | 1 | 0 | 1 | 3 |
| Profit before tax | 0 | 1 | 1 | 3 | 2 | 1 | -3 | 4 | -2 | 5 | 6 | 12 |
| Tax % | -28% | -94% | 24% | 27% | 28% | 26% | 0% | 11% | 6% | 16% | 31% | 46% |
| Net Profit | 0 | 1 | 1 | 2 | 1 | 1 | -3 | 4 | -2 | 4 | 4 | 6 |
| EPS in Rs | 1.16 | 0.75 | 0.70 | 1.18 | 0.77 | 0.42 | -1.40 | 2.02 | -1.01 | 2.28 | 1.90 | 3.04 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales | 3 | 3 | 15 | 23 | 21 | 33 | 142 |
| Expenses | 2 | 2 | 10 | 17 | 16 | 26 | 120 |
| Operating Profit | 1 | 1 | 5 | 6 | 5 | 7 | 22 |
| OPM % | 34% | 41% | 34% | 26% | 25% | 22% | 16% |
| Other Income | 0 | -0 | 1 | 0 | 0 | 1 | 5 |
| Interest | 0 | 0 | 0 | 0 | 1 | 2 | 5 |
| Depreciation | 0 | 0 | 1 | 3 | 3 | 3 | 3 |
| Profit before tax | 1 | 1 | 4 | 3 | 2 | 3 | 18 |
| Tax % | -2% | -74% | 26% | 28% | 29% | 27% | 40% |
| Net Profit | 1 | 1 | 3 | 2 | 1 | 3 | 11 |
| EPS in Rs | 3.19 | 0.99 | 1.71 | 1.19 | 0.62 | 1.32 | 5.01 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 111% | 84% | 331% | ||
| Compounded Profit Growth | % | 51% | 74% | 351% | ||
| Stock Price CAGR | % | % | 31% | -10% | ||
| Return on Equity | % | 11% | 10% | 13% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.33 | 3 | 4 | 4 | 4 | 4 | 22 |
| Reserves | -3 | -1 | 16 | 18 | 25 | 55 | 91 |
| Borrowings | 6 | 4 | 3 | 5 | 13 | 9 | 80 |
| Other Liabilities | 1 | 2 | 8 | 7 | 6 | 18 | 47 |
| Total Liabilities | 4 | 8 | 31 | 34 | 47 | 85 | 240 |
| Fixed Assets | 0 | 1 | 11 | 11 | 9 | 8 | 35 |
| CWIP | 1 | 1 | 1 | 1 | 3 | 4 | 8 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 3 | 5 | 18 | 21 | 35 | 72 | 196 |
| Total Assets | 4 | 8 | 31 | 34 | 47 | 85 | 240 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -1 | 0 | 3 | -3 | -5 | 3 | -48 |
| Cash from Investing Activity | -1 | -1 | -11 | -2 | -3 | -3 | -31 |
| Cash from Financing Activity | 2 | 1 | 13 | 1 | 12 | 22 | 109 |
| Net Cash Flow | 0 | -0 | 5 | -4 | 5 | 22 | 30 |
| Free Cash Flow | -1 | -1 | -8 | -6 | -8 | -0 | -82 |
| CFO/OP | -76% | -14% | 57% | -49% | -79% | 48% | -198% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 79 | 71 | 33 | 126 | 231 | 190 | 91 |
| Inventory Days | 559 | 907 | 612 | 270 | 346 | 566 | 189 |
| Days Payable | 194 | 383 | 167 | 42 | 45 | 378 | 117 |
| Cash Conversion Cycle | 444 | 595 | 479 | 354 | 532 | 378 | 163 |
| Working Capital Days | -11 | 50 | 34 | 156 | 217 | 209 | 63 |
| ROCE % | 26% | 32% | 14% | 8% | 10% | 18% |
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Apr 2025 | Sep 2025 | Mar 2026 | May 2026 | Aug 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 72.29% | 72.29% | 72.29% | 72.29% | 72.29% | 72.29% | 72.29% | 60.93% | 60.93% | 58.77% | 58.27% | 57.21% |
| DIIs | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.03% | 1.03% | 0.29% | 0.29% | 0.28% |
| Public | 27.70% | 27.71% | 27.71% | 27.71% | 27.72% | 27.71% | 27.70% | 38.05% | 38.04% | 40.94% | 41.45% | 42.50% |
| No. of Shareholders | 444 | 630 | 899 | 918 | 968 | 978 | 826 | 821 | 800 | 956 | 961 | 968 |
Fundamentals
Market Cap₹ 662 Cr.
Current Price₹ 291
Stock P/E58.5
Book Value₹ 50.9
ROCE18.2 %
ROE13.2 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)331%
Compounded Profit Growth (TTM)351%
Consolidated figures.
Valuation
Market capRs 615 Cr
Enterprise valueRs 619 Cr
P/E (TTM)285.82x
Price to book28.09x
Price to sales27.05x
EV / EBITDA100.91x
EV / EBIT179.82x
EV / sales27.23x
Earnings yield0.35%
P/E, 3-year average35.78x
P/B, 3-year average3.96x
Profitability
Operating margin (excl. other income)26.10%
Operating margin (incl. other income)26.98%
EBITDA margin26.98%
Pre-tax margin13.07%
Net profit margin9.46%
ROE10.34%
ROCE13.91%
ROA6.66%
ROE, 3-year average-129.56%
ROCE, 3-year average23.61%
ROA, 3-year average15.20%
ROIC (approx.)9.59%
Tax rate27.61%
Other income / net worth0.91%
Growth
Sales growth (latest year)51.27%
Profit growth (latest year)-30.65%
Sales CAGR, 3 years95.94%
Profit CAGR, 3 years61.54%
Per share
EPS (TTM)Rs 0.94
EPS (latest year)Rs 5.95
EPS, 3-year averageRs 6.50
Book value per shareRs 9.61
Sales per shareRs 9.98
Cash flow per shareRs -1.40
Free cash flow per shareRs -36.03
Efficiency
Asset turnover0.67x
Fixed asset turnover2.03x
Inventory turnover1.55x
Inventory days235 days
Debtor days126 days
Debtors turnover2.89x
Creditor days117 days
Cash conversion cycle163 days
Working capital days63 days
Leverage
Total debtRs 5 Cr
Cash and bankRs 1 Cr
Net debtRs 4 Cr
Debt to equity0.22x
Net debt / EBITDA0.67x
Interest coverage7.32x
Owners' fund to total sources64.91%
Debt to assets14.51%
Cash flow
Cash from Operating Activity (latest year)Rs -3 Cr
Cash from Investing Activity (latest year)Rs -2 Cr
Cash from Financing Activity (latest year)Rs 1 Cr
Net Cash Flow (latest year)Rs -4 Cr
Free cash flow (latest year)Rs -82 Cr
FCFE (approx.: FCF + change in debt)Rs -80 Cr
Cash from ops / profit, 5 years-2.50x
Statement figures
Net sales (TTM)Rs 23 Cr
Net sales (latest year)Rs 23 Cr
Operating profit excl. other income (latest year)Rs 6 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 6 Cr
PBDT (TTM)Rs 6 Cr
Profit before tax (TTM)Rs 3 Cr
Tax (latest year)Rs 1 Cr
Net profit (TTM)Rs 2 Cr
Net profit (latest year)Rs 2 Cr
Depreciation (TTM)Rs 3 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 10 Cr
Total expenditure (latest year)Rs 17 Cr
Total income (latest year)Rs 23 Cr
Share capitalRs 4 Cr
ReservesRs 18 Cr
Shareholders' fundsRs 22 Cr
Total assetsRs 34 Cr
Net blockRs 11 Cr
Capital work in progressRs 1 Cr
InvestmentsRs 0 Cr
ReceivablesRs 8 Cr
InventoryRs 7 Cr
Other liabilitiesRs 7 Cr
Shares outstanding (crore)2.28
Ownership
Promoter holding57.21% (-3.72 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 285.8 is at the 59th percentile of its own 2.4-year range
(median 269.8, low 175.7, high 350.9).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | 543378 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -10.3% | -2.8% | -7.5 pts |
| 1 month | -17.1% | -6.8% | -10.3 pts |
| 3 months | -17.7% | -7.6% | -10.1 pts |
| 3 years | +108.6% | +14.2% | +94.4 pts |
Red flags
F-score 3 of 8| explain | Weak cash conversion Cash from operations was -1% of net profit over the last 3 years |
| explain | High accruals Profit exceeded operating cash by 16% of total assets in 2026 |
| explain | Receivables outrunning sales Receivables grew 477% vs sales +51% in 2026 |
| explain | Share dilution Share count up 0% in a year, 1031% in three |
| explain | Debt up, profit down Borrowings up 62% while net profit fell in 2026 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Mar 2026Sales ₹106 Cr +606.7% vs Mar 2024.
Net profit ₹6 Cr +50.0%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Dixon Technologies (India) Ltd | 81,051 | 43.2 | 29.2 % |
| Havells India Ltd | 65,474 | 39.3 | 24.9 % |
| PG Electroplast Ltd | 14,141 | 68.7 | 10.3 % |
| IKIO Technologies Ltd | 1,523 | 32.8 | 9.49 % |
| Onida Electronics Ltd | 1,179 | -17.0 % | |
| Cellecor Gadgets Ltd | 657 | 16.6 | 22.7 % |
| Universus Photo Imagings Ltd | 554 | -12.1 % | |
| Arham Technologies Ltd | 469 | 38.4 | 19.8 % |
| Focus Lighting & Fixtures Ltd | 385 | 62.8 | 6.55 % |
| Smaart Tech Services Ltd | 335 | -7,026 % | |
| Veto Switchgears & Cables Ltd | 279 | 10.2 | 11.6 % |
| Sonam Ltd | 274 | 30.4 | 14.1 % |
| BPL Ltd | 228 | 1.37 % | |
| Nitiraj Engineers Ltd | 221 | 92.2 | 1.17 % |
| Nanta Tech Ltd | 189 | 23.2 | 32.7 % |
No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of CWD Ltd?
CWD Ltd (543378) has a market capitalisation of Rs 662 Cr. at the 2026-10-01 close.
What is the P/E ratio of CWD Ltd?
CWD Ltd trades at a P/E of 58.5 on trailing twelve-month profit, at the 2026-10-01 close.
What were CWD Ltd's latest quarterly results?
In the Mar 2026 quarter, CWD Ltd sales was Rs 106 Cr (+606.7% vs Mar 2024) and net profit was Rs 6 Cr.