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Wardwizard Innovations & Mobility Ltd (WARDINMOBI) Fair Value & Analysis

Consumer Cyclical · IN · Market cap ₹2.2B

WI Wardwizard Innovations & Mobility Ltd WARDINMOBI · BSE
Price₹6.16
Fair Value₹3.29
Upside-46.7%
Quality26/100
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Strengths

Low debt · generates free cash flow

Risks

!Trades 47% ABOVE our fair value of ₹3.29
!Mixed Growth
!Thin margins · 0.8% net margin
!Mixed vs. peers (6/14)
Mixed Growth
Thin margins · 0.8% net margin
Low debt · generates free cash flow
Mixed vs. peers (6/14)
Narrow moat 21/100
Evidence: High Range ₹1.75 – ₹3.56 Share as image

Fair value as of: Aug 13, 2026

From 26 valuation models · updated 7 days ago

Share price −17.2% over the past month.

Below-average quality, and screening another 47% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (₹3.56). The favourable scenario is already priced in.
  • Weak quality (26/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • A fairly wide model range (₹1.75 to ₹3.56) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

₹86.10 ₹5.08 Fair Value ₹3.29 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹5.08 – ₹86.10 · fair‑value band ₹1.75 – ₹3.56 · the ₹6.16 price screens above the ₹3.29 fair value. Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

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Analysis

Wardwizard Innovations & Mobility Ltd (WARDINMOBI) currently trades at ₹6.16, while our model-based Fair Value estimate is ₹3.29, implying the stock looks roughly 46.7% overvalued today. The Quality Score stands at 26/100 (below-average quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Wardwizard Innovations & Mobility Ltd generated revenue of ₹2.5B at a net margin of 0.8%. Revenue grew 8.9% year over year. It earns a return on equity of 1.5%. Net debt stands at ₹1.5B. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹1.75 (bear case) to ₹3.56 (bull case); at ₹6.16, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 58% below its 52-week high and 22% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 23% fair-value upside, at -47%, WARDINMOBI screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF ₹3.06 ₹5.19 ₹8.60 80
Residual Income ₹3.41 ₹3.22 ₹2.36 76
Rev-Margin DCF ₹3.97 ₹7.15 ₹11.24 74
All 26 models by family
DCF Models
FCF DCF ₹3.09 ₹5.43 ₹9.32 38
Owner Earnings ₹3.01 ₹5.28 ₹9.08 31
5Y Revenue Exit ₹3.97 ₹7.26 ₹11.77 39
5Y EBITDA Exit ₹4.84 ₹9.04 ₹14.33 41
5Y P/E Exit ₹1.66 ₹2.51 ₹3.45 38
10Y Revenue Exit ₹3.48 ₹6.46 ₹11.07 36
10Y EBITDA Exit ₹4.19 ₹7.72 ₹13.16 37
10Y P/E Exit ₹2.13 ₹3.06 ₹4.29 35
Earnings-Based
Graham-Dodd ₹0.4300 ₹1.95 ₹2.68 54
Lynch FV ₹0.5100 ₹0.7300 ₹0.9500 50
PEG = 1.0 ₹0.5100 ₹0.7300 ₹0.9500 46
EPV ₹3.54 ₹4.11 ₹4.59 59
Dividend Discount
Gordon GGM ₹0.5000 ₹1.00 ₹1.51 70
DDM Multi-Stage ₹0.5000 ₹0.8600 ₹1.06 61
Multiples
P/E Multiple ₹1.04 ₹1.38 ₹1.73 63
P/S Multiple ₹0.8000 ₹1.07 ₹1.33 58
P/B Multiple ₹0.8000 ₹1.07 ₹1.33 55
EV/EBIT ₹6.67 ₹8.90 ₹11.13 53
EV/EBITDA ₹6.23 ₹8.31 ₹10.39 54
EV/Revenue ₹4.49 ₹6.42 ₹8.35 43
Asset-Based
NCAV (Graham) ₹2.50 ₹3.35 ₹5.00 50
Growth DCF
Growth DCF ₹3.06 ₹5.19 ₹8.60 80
Rev-Margin DCF ₹3.97 ₹7.15 ₹11.24 74
Economic Profit
Residual Income ₹3.41 ₹3.22 ₹2.36 76
ROIC Compounder ₹3.54 ₹4.11 ₹4.59 72
Growth Earnings
Growth-Adj P/E ₹0.8400 ₹1.21 ₹1.57 68

Widest divergence: DCF Models (₹5.43) versus Earnings-Based (₹0.7300). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹2.5B
Revenue growth (YoY) +8.9%
Net margin 0.8%
Return on equity 1.5%
Free cash flow ₹76.6M FY2026
P/E ratio 102.7
More key figures
Operating margin 4.6%
EPS (TTM) ₹0.0600
EPS growth (YoY) -91.9%
Net debt ₹1.5B FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 26/100

Of which business quality 31 · Market factors (momentum, volatility) 25

Profitability 25
Margins and returns on capital today
Quality Growth 10
Are margins and returns improving?
Cashflow 63
Earnings quality: real cash, not paper profit
Fin. Strength 28
Balance sheet, leverage, solvency risk
Investment 34
Disciplined investing over empire-building
Low Volatility 49
Calm price path (market factor)
Momentum 19
Price trend over the last 3–12 months (market factor)
52W Momentum 6
Distance to the 52-week high (market factor)
Net Issuance 16
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Wardwizard Innovations & Mobility Limited, together with its subsidiary, Wardwizard Global PTE Ltd, manufactures and sells electrical vehicles, spare parts, and other related services in India, Uganda, and Nepal. The company operates through Sales of Electric Vehicles, its Components & Related Services; Vyom Innovation; Sale of Services; and Other segments.

Full company description

Wardwizard Innovations & Mobility Limited, together with its subsidiary, Wardwizard Global PTE Ltd, manufactures and sells electrical vehicles, spare parts, and other related services in India, Uganda, and Nepal. The company operates through Sales of Electric Vehicles, its Components & Related Services; Vyom Innovation; Sale of Services; and Other segments. It offers two-wheeler electric vehicles under the Joy E-Bikes brand; and 3-wheelers under the Joy E-Rik brand. The company also trades in home appliances and white goods. In addition, it offers digital business process support services; and secondary and lithium batteries, as well as assembles motor vehicles. The company was formerly known as Manvijay Development Company Limited and changed its name to Wardwizard Innovations & Mobility Limited in February 2020. Wardwizard Innovations & Mobility Limited was incorporated in 1982 and is headquartered in Vadodara, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Wardwizard Innovations & Mobility Ltd reported revenue of ₹2.5B in FY2026 versus ₹1.8B in FY2022, a compound +7.6%/yr. Reported net income was ₹18.9M in FY2026, compounding −31.3%/yr from FY2022.

Growth Quality 79/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
₹2.5B
Latest YoY
−19.0%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+1.2%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+44.4%
Revenue +7.6%/yr
FY22 ₹1.8B
FY23 ₹2.4B
FY24 ₹3.2B
FY25 ₹3.0B
FY26 ₹2.5B
Net income −31.3%/yr
FY22 ₹84.8M
FY23 ₹88.5M
FY24 ₹134M
FY25 ₹63.6M
FY26 ₹18.9M

WARDINMOBI screens 47% overvalued. Compare with Toyota Motor Corporation →

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Cite: Fair Value Calculator (2026). "Wardwizard Innovations & Mobility Ltd Fair Value". https://www.fairvalue-calculator.com/stock/WARDINMOBI

Peer Group

Auto Manufacturers · 119 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 26 · Bottom 25%
Fair Value upside −47% · Bottom 25%
Return on equity (TTM) 1% · Below median
Return on assets 2% · Above median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 5% · Above median
Revenue growth 9% · Above median
Dividend yield (TTM) 0.8% · Bottom 25%
Debt / equity 0.02× · Lower than 75% of peers

Valuation Multiples vs Auto Manufacturers median · lower = cheaper

P/E (TTM) 102.7× · Pricier than 75% of peers
P/B 1.49× · Cheaper than median
P/S (TTM) 0.91× · Pricier than median
P/FCF 0.3× · Cheaper than 75% of peers
EV/EBITDA 10.7× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 35
FUTURE45 · sector 37
PAST6 · sector 20
HEALTH99 · sector 94
DIVIDEND15 · sector 48

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Auto Manufacturers stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Toyota Motor Corporation TMN 3,052 MXN 3,390 MXN +11%
BYD Company 81211 HK$76.90 HK$48.59 -37%
Hyundai Motor Company 005380 418,500 KRW 567,393 KRW +36%
Bayerische Motoren Werke Aktiengesellschaft BMWM5N 1,909 MXN 2,610 MXN +37%
Volkswagen AG VOW 2,149 CZK 7,783 CZK +262%
Maruti Suzuki India Limited MARUTI ₹13,875 ₹8,236 -41%
Kia Corporation 000270 135,600 KRW 341,751 KRW +152%
Weichai Power Co 2338 HK$36.40 HK$28.46 -22%
Geely Automobile Holdings 80175 HK$15.50 HK$19.14 +23%
Bajaj Auto Limited BAJAJAUTO ₹11,793 ₹4,574 -61%

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Frequently asked questions

Is Wardwizard Innovations & Mobility Ltd (WARDINMOBI) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹3.29 versus a price of ₹6.16, about −47% (overvalued).
What is the fair value of WARDINMOBI?
Our model-based fair value for Wardwizard Innovations & Mobility Ltd is ₹3.29 (as of Aug 13, 2026), built from audited fundamentals. The current price: ₹6.16.
What is the quality score of WARDINMOBI?
Wardwizard Innovations & Mobility Ltd has a Quality Score of 26/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Wardwizard Innovations & Mobility Ltd (WARDINMOBI)?
Wardwizard Innovations & Mobility Ltd reported trailing-twelve-month revenue of about ₹2.5B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of WARDINMOBI?
The net profit margin of Wardwizard Innovations & Mobility Ltd is about 0.8%, meaning it keeps roughly 0.8% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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