CWD Limited

CWD Limited

BBSE:CWD
280.40
INR
+13.85
(+5.20%)
6.31BMarket Cap
CWD Limited
BSE:CWD
(Bombay Stock Exchange)

Recent

price

280.40

P/E

ratio

- -

div

yld

- -

ROIC.AI

2020
2021
2022
2023
2024
2025
2026
TTM
INR
6.35
7.13
9.49
12.58
11.62
15.38
64.08
- -
Revenue per Share
1.08
2.87
1.96
1.19
0.63
1.17
5.02
- -
Basic EPS, GAAP
-1.57
-1.96
-5.35
-3.04
-4.28
-0.14
-37.19
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
-4.74
3.38
10.91
12.12
15.81
30.73
50.89
50.89
Book Value per Share
-7.51
-1.79
4.54
6.4
10.34
26.17
44.94
44.94
Tangible Book Value per Share
5
5
16
18
18
21
22
22
Basic Weighted Avg Shares
30
34
150
227
210
329
1,418
- -
Sales/Revenue/Turnover
31.11
35.71
25.23
14.26
11.8
12.85
13.9
- -
Operating Margin (%)
1
2
13
27
29
29
35
- -
Depreciation Expense
5
14
31
22
11
25
111
- -
Net Income, GAAP
- -
- -
25.91
27.43
29.11
27.24
40.21
- -
Effective Tax Rate (%)
17.04
40.33
20.65
9.48
5.4
7.62
7.84
- -
Profit Margin (%)
2
5
63
106
179
462
823
823
Working Capital
39
21
10
26
38
36
161
161
LT Debt
-23
16
197
219
285
584
1,126
1,126
Total Equity
- -
- -
19.29
9.31
4.9
5.88
9.1
- -
Return on Invested Capital (%)
- -
- -
23.43
9.88
5.47
6.64
11.43
- -
Return on Capital (%)
- -
- -
29.11
10.36
4.49
5.77
12.97
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
ST Debt
50
508
638
LT Borrowings
36
413
161
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
19
22
22
Market Capitalization
3,481
7,111
6,307

Working Capital

INR

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
Total Current Assets
680
942
1,913
Cash, Cash Equivalents & STI
273
101
578
Accounts Receivable, Net
172
278
439
Inventories
186
347
581
Total Current Liabilities
218
663
1,090
Payables & Accruals
- -
- -
- -
ST Debt
50
508
638
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
272.95%
92.95%
Free Cash Flow
- -
5,602.84%
27,293.51%
Net Income, GAAP
- -
102.75%
343.2%
Sales/Revenue/Turnover
- -
155%
331.08%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
210
2025
- -
- -
329
2026
- -
- -
1,418

Semi-annual Earnings Per Share

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.63
2025
- -
- -
1.17
2026
- -
- -
5.02

Semi-annual Dividends Per Share

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
- -
2025
- -
- -
- -
2026
- -
- -
- -
Business
CWD Limited is an India-based Information and Communication Technology (ICT) company and integrated Original Design Manufacturer (ODM) that designs, develops, and manufactures Internet of Things (IoT) devices, embedded software, and wireless connectivity solutions. Founded in 2016 and headquartered in Mumbai, Maharashtra, India, the company operates across two primary business segments: Consumer Electronics, and Design and Development of Technology Solutions. CWD Limited integrates an array of wireless communication protocols, including Bluetooth Low Energy (BLE), Wi-Fi, Near Field Communication (NFC), Zigbee, LoRa, NB-IoT, LTE CAT M1, and 5G, serving clients across the financial technology, healthcare, logistics, agriculture, utilities, and industrial automation sectors. The company provides an extensive portfolio of connected hardware products and customized technology services, comprising: wireless payment audio validation terminals (Sound Box devices) for retail and banking merchants; wearable and healthcare electronics, including SmartTemp+ wireless continuous temperature monitors and multifunctional smart ID cards with automated contact tracing, location tracking, and SOS distress signaling; supply chain monitoring systems, including real-time vaccine cold-chain trackers and compact asset-tracking units; smart utility and agricultural IoT devices, including digital power meter electronics, smart street lighting controllers, and livestock health monitoring tags; proprietary radio-frequency modules, including the CBTLRM02 dual 2.4 GHz and LoRa combo-module and embedded BLE modules for domestic appliances; hazardous-environment communications hardware under the Realix brand, including intrinsically safe smartphones and ruggedized feature phones for high-risk industrial sites; and full-lifecycle ODM services spanning schematic and PCB design, embedded firmware development, mechanical engineering, prototyping, automated testing, high-volume contract electronics assembly, and ongoing systems integration and maintenance. In recent corporate developments, the company changed its name from CWD Innovation Limited to CWD Limited and commissioned a dedicated manufacturing facility in Mysuru, Karnataka, equipped with high-speed automated Surface Mount Technology (SMT) production lines, 3D Automated Optical Inspection (AOI), and X-ray testing systems capable of producing up to 15,000 units per day. CWD Limited has achieved substantial operational growth through the scale-up of its fintech Sound Box production, securing major multi-crore purchase orders from institutional clients. Furthermore, through its wholly owned subsidiary CWD Digital Platforms Private Limited, the company introduced the Realix line of specialized industrial communication devices and formed strategic technical alliances with leading semiconductor chipset manufacturers to accelerate product development. CWD Limited conducts its operational and manufacturing activities through subsidiaries including CWD Manufacturing Private Limited, CWD Digital Platforms Private Limited, SDG Global Private Limited, and Hong Kong-based CWD Innovations HK Limited.