Wardwizard Innovations & Mobility Ltd (WARDINMOBI) — shareholding pattern, promoter holding, financials and share price
About Wardwizard Innovations & Mobility Ltd (WARDINMOBI)
Wardwizard Innovations & Mobility Ltd operates in the 2/3 Wheelers industry, within the Automobile and Auto Components sector. It trades on the NSE as WARDINMOBI and on the BSE under scrip code 538970. Its ISIN is INE945P01024.
Wardwizard Innovations & Mobility Limited focuses to provide clean and greener alternatives to current ways of life through two star products, Joy E-Bikes and Vyom Innovations.
Wardwizard Innovations & Mobility Limited is an Indian electric vehicle manufacturer producing a diversified range of two‑wheelers and three‑wheelers under Joy e‑bike and Joy e‑rik brands, with manufacturing facilities in Vadodara and Deoghar, a global R&D arm in Singapore, 750+ dealer touchpoints and over 1,30,000 units rolled out to date.
Recent financials show Q3FY26 revenue from operations at ₹62.72 crore and 9MFY26 revenue of ₹128.42 crore, below 9MFY25 levels; Q3FY26 EBITDA was ₹5.03 crore (8.02% margin) while 9MFY26 EBITDA margin improved to 14.75%, yet net profit remains nominal, indicating tight profitability and working capital or finance cost pressures.
Listed peers in 2/3 Wheelers: Zelio E-Mobility Ltd, Tunwal E-Motors Ltd, Bikewo Green Tech Ltd, Delta Autocorp Ltd, Supertech EV Ltd, Victory Electric Vehicles International Ltd.
Valuation & Returns
10 Jul 2026At ₹7.08 a share on 10 Jul 2026, Wardwizard Innovations & Mobility Ltd (WARDINMOBI) was valued at a price-to-earnings ratio of 112.69x against an industry P/E of 12.68x and a price-to-book of 2.03x on a book value of ₹3.48 per share as of Mar 2025. Solomo computes return on equity of 1.81% and return on capital employed of 7.06% from filed results. Earnings ratios use consolidated results for the twelve months Jun 2025 to Mar 2026.
- P/E
- 112.69x
- Industry P/E
- 12.68x
- P/B
- 2.03x
- EPS (TTM)
- ₹0.06
- Book value / share
- ₹3.48
- ROE
- 1.81%
- ROCE
- 7.06%
- ROA
- 0.46%
- Debt / equity
- 1.9x
- Dividend yield
- 1.22%
- EBITDA margin
- 11.09%
- 52-week range
- ₹5.05 – ₹14.61
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, Wardwizard Innovations & Mobility Ltd (WARDINMOBI) reported revenue of ₹247 crore, net profit of ₹2 crore and earnings per share of ₹0.06. That compares with revenue of ₹305 crore and net profit of ₹6 crore in Mar 2025. Figures are consolidated, as filed with the exchanges.
In the quarter ended Mar 2026, revenue was ₹118.49 crore and net profit ₹0.6 crore (consolidated).
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 185 | 239 | 321 | 305 | 247 |
| Net profit (₹ cr) | 8 | 9 | 13 | 6 | 2 |
| EPS (₹) | 0.28 | 0.29 | 0.44 | 0.21 | 0.06 |
| Measure | 10Y | 5Y | 3Y | 1Y |
|---|---|---|---|---|
| Sales growth | 126.86% | 392.67% | 17.89% | -5.13% |
| Profit growth | 116.93% | - | -7.13% | -52.68% |
| Stock price CAGR | 1% | -38% | -44% | -44% |
Ownership Summary
Mar 2026As of Mar 2026, promoters hold 22.34% of Wardwizard Innovations & Mobility Ltd (WARDINMOBI) (down 1.91 pp QoQ) and domestic institutional investors (DII) hold 0.01%. Promoters have pledged 34.5% of their holding. Market capitalisation was ₹213 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Dec 2014.
Largest disclosed public shareholders in Mar 2026: MITVA DARSHIT SHAH 2.54%, GANGABASE BARTER PRIVATE LIMITED 2.52%, HITENDRAKUMAR BABALDAS SHAH 1.46%, BLACKSOIL CAPITAL PRIVATE LIMITED 1.25%, SMITA HITENDRA SHAH 1.22%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Mar 2026 | 22.34% | 34.5% | - | 0.01% | 77.66% |
| Dec 2025 | 24.25% | 38.3% | - | 0.01% | 75.75% |
| Sep 2025 | 35.41% | 47.6% | - | 0.01% | 64.59% |
| Jun 2025 | 40.02% | 52.6% | - | 0.13% | 59.98% |
| Mar 2025 | 47.14% | 30.3% | - | 0.01% | 52.86% |
| Dec 2024 | 51.49% | 12.4% | - | 0.01% | 48.51% |
| Sep 2024 | 54.52% | 6.9% | - | 0.01% | 45.48% |
| Jun 2024 | 58.63% | 0.5% | 0.02% | 0.01% | 41.37% |