Wardwizard Innovations & Mobility Ltd is a public listed company engaged in the manufacturing of e-vehicles and consumer durable electrical items. The company was incorporated on 20 October 1982, with its headquarters in Vadodara, Gujarat. The standalone net sales for the quarter ended December 2021 were Rs. 58.11 crore, up 444.11% Y-o-Y. On 16 June 2022, the company had a market capitalisation worth Rs. 1,327 crore.
The company is listed on the Bombay Stock Exchange with the code 538970. It is not listed on the National Stock Exchange.
Wardwizard made its entry into the electric vehicles sector in 2016 by introducing electric bicycles. It further innovated to launch low-speed two-wheelers like Wolf, Glob, Gen Next, and Monster. In February 2015, the company’s shares were listed on the Bombay Stock Exchange. In January 2021, the company inaugurated one of India’s largest E2W OEM plants, which can manufacture more than 1 lakh electric two-wheelers in a single shift, accounting for 3 to 4 lakh units per year at full capacity.
As of 31 March 2022, the company’s quarterly income was Rs. 81.79 crore, up by 40.29% from the previous quarter ended 31 December 2021. The company’s profit after tax for the quarter ended 31 March 2022 was Rs. 3.28 crore, up 14.40% from the previous quarter ended 31 December 2021.
The company’s key people include Mr Yatin Sanjay Gupte as Chairman & Managing Director. Ms Devyani Gupta, Mr Sanjay M Gupte, Mr Bhargav Govindprasad Pandya, Ms Sneha Harshvardhan Shouche, Ms Jaya Ashok Bhardwaj, and Mr Mukeshkumar B Kaka are the directors of the company.
Coming to Wardwizard Innovations’ share price, on 16 June 2022, Wardwizard’s share price on BSE closed at Rs. 51.20. Since it is not listed on the National Stock Exchange, one cannot check Wardinmobi’s share price on NSE. In view of the company’s performance in recent years, it is difficult to set a Wardwizard share price target. The 52-week high for Wardwizard Innovations & Mobility Ltd.’s share price was Rs. 100.70, and the 52-week low was Rs. 47.80.
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