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Last Updated: April 2, 2026, 4:25 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 543378 | NSE: CWD

CWD Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹158.82Overvalued by 41.18%vs CMP ₹270.00

P/E (70.3) × ROE (5.8%) × BV (₹47.90) × DY (2.00%)

₹100.90Overvalued by 62.63%vs CMP ₹270.00
MoS: -167.6% (Negative)Confidence: 65/100 (Moderate)Models: All 8: Overvalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹189.9126%Over (-29.7%)
Graham NumberEarnings₹67.1219%Over (-75.1%)
DCFCash Flow₹64.4812%Over (-76.1%)
Net Asset ValueAssets₹47.498%Over (-82.4%)
EV/EBITDAEnterprise₹16.9310%Over (-93.7%)
Earnings YieldEarnings₹41.808%Over (-84.5%)
ROCE CapitalReturns₹208.5410%Over (-22.8%)
Revenue MultipleRevenue₹14.836%Over (-94.5%)
Consensus (8 models)₹100.90100%Overvalued
Key Drivers: Wide model spread (₹15–₹209) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 19.6%

*Investments are subject to market risks

Investment Snapshot

56
CWD Ltd scores 56/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health48/100 · Moderate
ROCE 9.5% AverageROE 5.8% WeakD/E 2.54 High debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
DII holding up 0.99% MF buyingPromoter decreased by 2.16% Caution
Earnings Quality30/100 · Weak
OPM contracting (30% → 24%) DecliningWorking capital: 209 days Capital intensive
Quarterly Momentum100/100 · Strong
Revenue (4Q): +123% YoY AcceleratingProfit (4Q): +488% YoY StrongOPM: 20.6% (up 31.5% YoY) Margin expansion
Industry Rank60/100 · Moderate
P/E 70.3 vs industry 60.2 In-lineROCE 9.5% vs industry 14.9% Average3Y sales CAGR: 30% High growth

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 4:25 am

Market Cap 599 Cr.
Current Price 270
Intrinsic Value₹100.90
High / Low 425/162
Stock P/E70.3
Book Value 47.9
Dividend Yield0.00 %
ROCE9.51 %
ROE5.78 %
Face Value 10.0
PEG Ratio3.59

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for CWD Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
CWD Ltd 599 Cr. 270 425/16270.3 47.90.00 %9.51 %5.78 % 10.0
Elin Electronics Ltd 523 Cr. 105 234/93.612.7 1120.00 %6.97 %4.38 % 5.00
Focus Lighting & Fixtures Ltd 422 Cr. 62.5 126/57.1116 21.40.00 %14.0 %11.3 % 2.00
IKIO Lighting Ltd 882 Cr. 114 259/10446.4 74.50.00 %8.22 %5.55 % 10.0
BPL Ltd 218 Cr. 44.4 100/37.64.32 51.50.00 %7.85 %8.15 % 10.0
Industry Average14,072.20 Cr923.2860.24124.510.23%14.89%11.51%6.44

All Competitor Stocks of CWD Ltd

Quarterly Result

MetricSep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025
Sales 1.641.752.9412.078.9613.765.5915.416.9726.3441.15
Expenses 1.200.801.258.695.6411.166.209.466.5419.2332.68
Operating Profit 0.440.951.693.383.322.60-0.615.950.437.118.47
OPM % 26.83%54.29%57.48%28.00%37.05%18.90%-10.91%38.61%6.17%26.99%20.58%
Other Income 0.010.000.120.710.020.190.000.260.000.510.00
Interest 0.020.050.280.150.210.260.410.670.752.161.68
Depreciation 0.140.360.271.011.191.501.511.411.400.300.73
Profit before tax 0.290.541.262.931.941.03-2.534.13-1.725.166.06
Tax % -27.59%-94.44%23.81%26.62%28.35%26.21%0.00%11.38%6.40%16.09%30.69%
Net Profit 0.371.040.962.141.390.76-2.533.66-1.834.334.19
EPS in Rs 1.160.750.701.180.770.42-1.402.02-1.012.281.90

Last Updated: January 8, 2026, 10:02 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 27, 2026, 3:00 am

MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 3.023.3915.0222.7220.9832.9067.49
Expenses 2.002.009.9616.7915.6625.7851.91
Operating Profit 1.021.395.065.935.327.1215.58
OPM % 33.77%41.00%33.69%26.10%25.36%21.64%23.08%
Other Income 0.01-0.040.830.200.280.920.51
Interest 0.440.380.430.471.081.693.84
Depreciation 0.080.191.282.692.922.901.03
Profit before tax 0.510.784.182.971.603.4511.22
Tax % -1.96%-74.36%25.84%27.61%29.38%27.25%
Net Profit 0.511.373.102.151.132.518.52
EPS in Rs 3.190.991.711.190.621.324.18
Dividend Payout % 0.00%0.00%0.00%0.00%0.00%0.00%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)168.63%126.28%-30.65%-47.44%122.12%
Change in YoY Net Profit Growth (%)0.00%-42.35%-156.92%-16.80%169.57%

CWD Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 5 years from 2020-2021 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:%
5 Years:61%
3 Years:30%
TTM:86%
Compounded Profit Growth
10 Years:%
5 Years:38%
3 Years:-7%
TTM:118%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:-8%
1 Year:70%
Return on Equity
10 Years:%
5 Years:%
3 Years:6%
Last Year:6%

Last Updated: September 5, 2025, 3:06 pm

Balance Sheet

Last Updated: March 3, 2026, 12:48 am

MonthMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 0.332.763.613.613.613.804.40
Reserves -2.58-1.1516.0818.2724.9354.56100.95
Borrowings 5.704.323.014.8912.598.6362.63
Other Liabilities 0.781.818.176.945.9617.5716.57
Total Liabilities 4.237.7430.8733.7147.0984.56184.55
Fixed Assets 0.331.2511.0811.219.338.2429.63
CWIP 1.021.231.350.963.124.36-0.00
Investments -0.00-0.00-0.000.070.070.0754.16
Other Assets 2.885.2618.4421.4734.5771.89100.76
Total Assets 4.237.7430.8733.7147.0984.56184.55

Reserves and Borrowings Chart

Cash Flow

MonthMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -0.740.392.76-3.19-4.542.75
Cash from Investing Activity + -1.03-1.32-11.21-2.38-3.13-2.69
Cash from Financing Activity + 2.050.6813.301.4912.2121.85
Net Cash Flow 0.27-0.254.85-4.084.5421.91
Free Cash Flow -1.41-0.93-8.47-5.62-7.74-0.30
CFO/OP -76%-14%57%-49%-79%48%

Free Cash Flow

MonthMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-4.68-2.932.051.04-7.27-1.51

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 78.5671.0633.05126.11231.39190.38
Inventory Days 559.40906.61612.34270.31345.53566.05
Days Payable 194.40382.66166.6142.0844.55378.08
Cash Conversion Cycle 443.56595.01478.78354.34532.36378.35
Working Capital Days -10.8849.5333.54156.47216.60208.90
ROCE %26.01%32.20%13.91%7.89%9.51%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Mar 2025Apr 2025Sep 2025Jan 2026
Promoters 72.29%72.29%72.29%72.29%72.29%72.29%72.29%72.29%72.29%60.93%60.93%58.77%
DIIs 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%1.03%1.03%0.99%
Public 27.72%27.71%27.70%27.71%27.71%27.71%27.72%27.71%27.70%38.05%38.04%40.24%
No. of Shareholders 279389444630899918968978826821800866

Shareholding Pattern Chart

No. of Shareholders

CWD Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 6.613.175.979.795.15
Diluted EPS (Rs.) 6.613.175.979.795.15
Cash EPS (Rs.) 14.2511.2613.4212.135.82
Book Value[Excl.RevalReserv]/Share (Rs.) 116.0279.0760.5954.545.81
Book Value[Incl.RevalReserv]/Share (Rs.) 116.0279.0760.5954.545.81
Revenue From Operations / Share (Rs.) 86.6549.0962.9141.5812.27
PBDIT / Share (Rs.) 21.1815.5516.9816.335.14
PBIT / Share (Rs.) 13.547.469.5212.794.46
PBT / Share (Rs.) 9.084.478.2211.593.06
Net Profit / Share (Rs.) 6.603.175.968.595.13
NP After MI And SOA / Share (Rs.) 6.603.175.968.595.13
PBDIT Margin (%) 24.4431.6626.9839.2741.93
PBIT Margin (%) 15.6215.1915.1330.7636.35
PBT Margin (%) 10.479.1013.0627.8624.98
Net Profit Margin (%) 7.626.459.4820.6441.83
NP After MI And SOA Margin (%) 7.626.459.4820.6441.83
Return on Networth / Equity (%) 5.694.009.8415.7488.31
Return on Capital Employeed (%) 8.198.2113.7521.8833.05
Return On Assets (%) 2.962.276.3910.0418.26
Long Term Debt / Equity (X) 0.080.130.110.051.28
Total Debt / Equity (X) 0.190.440.220.152.54
Asset Turnover Ratio (%) 0.480.420.700.760.44
Current Ratio (X) 3.112.022.221.641.12
Quick Ratio (X) 2.261.411.450.910.35
Inventory Turnover Ratio (X) 2.252.041.081.070.00
Interest Coverage Ratio (X) 4.755.2013.0313.573.69
Interest Coverage Ratio (Post Tax) (X) 2.482.065.588.134.68
Enterprise Value (Cr.) 329.46240.74613.68228.270.00
EV / Net Operating Revenue (X) 10.0113.5827.0115.200.00
EV / EBITDA (X) 40.9642.88100.0938.700.00
MarketCap / Net Operating Revenue (X) 10.5813.1726.8315.330.00
Price / BV (X) 7.908.1827.8611.690.00
Price / Net Operating Revenue (X) 10.5813.1726.8315.330.00
EarningsYield 0.010.000.000.010.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

CWD Ltd. is a Public Limited Listed company incorporated on 30/05/2016 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is U31900MH2016PLC281796 and registration number is 281796. Currently company belongs to the Industry of Consumer Electronics. Company's Total Operating Revenue is Rs. 32.90 Cr. and Equity Capital is Rs. 3.80 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Consumer Electronics101, 1st Floor, Plot No. 439, Hasham Premji Building, Mumbai Maharashtra 400002Contact not found
Management
NamePosition Held
Mr. Siddhartha XavierJoint Managing Director & CTO
Mr. Tejas KothariJoint Managing Director & CFO
Mr. Aditya XavierExecutive Director
Mrs. Amishi KothariNon Executive Director
Ms. Himani BhootraIndependent Director
Mr. Pravin KharwaIndependent Director

FAQ

What is the intrinsic value of CWD Ltd and is it undervalued?

As of 14 April 2026, CWD Ltd's intrinsic value is ₹100.90, which is 62.63% lower than the current market price of ₹270.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (5.78 %), book value (₹47.9), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of CWD Ltd?

CWD Ltd is trading at ₹270.00 as of 14 April 2026, with a FY2026-2027 high of ₹425 and low of ₹162. The stock is currently in the middle of its 52-week range. Market cap stands at ₹599 Cr..

How does CWD Ltd's P/E ratio compare to its industry?

CWD Ltd has a P/E ratio of 70.3, which is above the industry average of 60.24. The premium over industry average may reflect growth expectations or speculative interest.

Is CWD Ltd financially healthy?

Key indicators for CWD Ltd: ROCE of 9.51 % is on the lower side compared to the industry average of 14.89%; ROE of 5.78 % is below ideal levels (industry average: 11.51%). Dividend yield is 0.00 %.

Is CWD Ltd profitable and how is the profit trend?

CWD Ltd reported a net profit of ₹3 Cr in Mar 2025 on revenue of ₹33 Cr. Compared to ₹3 Cr in Mar 2022, the net profit shows a declining trend.

Does CWD Ltd pay dividends?

CWD Ltd has a dividend yield of 0.00 % at the current price of ₹270.00. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in CWD Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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