Wardwizard Innovations & Mobility Ltd (WARDINMOBI) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Wardwizard Innovations & Mobility Ltd ₹5.16, price ₹5.32, upside -3.1%, quality 26 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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.
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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.
Stock analysis
Wardwizard Innovations & Mobility Ltd (WARDINMOBI) currently trades at ₹5.32, while our model-based Fair Value estimate is ₹5.16, so the stock looks roughly fairly valued today (gap 3.2%).
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Valuation
Bull case: the DCF Models group reads highest at a median of ₹10.59 per share, and 12 of the 26 models we run sit above the ₹5.32 price.
Bear case: the Earnings-Based group reads lowest at ₹0.7300, and 14 of the 26 models stay below the price. Evidence for this calculation is low.
Quality & growth
The Quality Score stands at 26/100 (below-average quality), in the Consumer Cyclical sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
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.
Key figures
Market cap ₹1.6B (≈ $16.6M) · P/E ratio 177.3 · P/S ratio 1.36 · EPS (TTM) ₹0.0300 · Dividend yield 1.1% · Net margin 0.8% · Return on equity 1.5% · Return on assets (EBIT) 6.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 56% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 2% fair-value upside, at −3%, WARDINMOBI screens richer than that median.
Fair Value models
Bear ₹5.16Fair Value ₹5.16Bull ₹5.16
Price ₹5.32 · Upside -3.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹0.0155 per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.79/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−19.0%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+1.2%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+44.4%
Start year 2021 (pandemic)
’21
’22
’23
’24
’25
’26
What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−19.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year−21.0%
Dividend (yield on the price)1.1%
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.6% → 6%
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+25.9%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (India: IMF forecast 4.1% a year to 2030, 4.7% from 2016 to 2025) that is about +20.9% a year for the price.
Compare Wardwizard Innovations & Mobility Ltd with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Auto Manufacturers · 108 stocks
Beats the industry median on 6/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score26 · Bottom 25%
Fair Value upside−3.1% · Below median
Profitability
Return on equity (TTM)1.5% · Below median
Return on assets2.3% · Above median
Net margin (TTM)0.3% · Below median
Operating margin (TTM)4.3% · Above median
Growth and dividend
Revenue growth67.1% · Top 25%
Dividend yield (TTM)1.1% · Bottom 25%
Balance sheet
Debt / equity0.02× · Lowest 25%
Valuation Multiplesvs Auto Manufacturers median · lower = cheaper
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Is Wardwizard Innovations & Mobility Ltd (WARDINMOBI) overvalued or undervalued?
As of Oct 3, 2026, our model estimates a fair value of ₹5.16 versus a price of ₹5.32, about −3% upside (fairly valued).
What is the fair value of WARDINMOBI?
Our model-based fair value for Wardwizard Innovations & Mobility Ltd is ₹5.16 (as of Oct 3, 2026), built from audited fundamentals. The current price: ₹5.32.
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 price target for Wardwizard Innovations & Mobility Ltd (WARDINMOBI)?
Our model-based price target is the fair value of ₹5.16 (as of Oct 3, 2026) from 26 valuation models. It is a calculation from audited fundamentals, not an analyst target.
What is the Wardwizard Innovations & Mobility Ltd stock forecast for 2026?
Our models put fair value at ₹5.16, about −3% upside versus a price of ₹5.32 (fairly valued). The calculation is refreshed regularly with new filings.
What is the revenue of Wardwizard Innovations & Mobility Ltd (WARDINMOBI)?
Wardwizard Innovations & Mobility Ltd reported trailing-twelve-month revenue of about ₹2.8B (latest available figure, as of Oct 3, 2026).
Does Wardwizard Innovations & Mobility Ltd pay a dividend?
Wardwizard Innovations & Mobility Ltd currently shows a dividend yield of about 1.07% relative to its recent price (as of Oct 3, 2026).
What growth is priced into Wardwizard Innovations & Mobility Ltd (WARDINMOBI)?
For today's price to be fair in a discounted-cash-flow model, Wardwizard Innovations & Mobility Ltd would have to grow free cash flow by +25.9 % per year for five years (discount rate 10.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +44.4 % per year. As of Oct 3, 2026.
What discount rate (WACC) does the fair value of WARDINMOBI use?
Our models discount Wardwizard Innovations & Mobility Ltd at 10.9 %: a base by market capitalisation (nano), damped by beta 0.50, country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Wardwizard Innovations & Mobility Ltd that is +25.9 % per year a year over ten years, using the same discount rate (10.9 %) and the same formula as our fair value.
How much growth has Wardwizard Innovations & Mobility Ltd (WARDINMOBI) delivered so far?
Over the past 5 years revenue at Wardwizard Innovations & Mobility Ltd grew +44.4 % a year. The price currently implies +25.9 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Wardwizard Innovations & Mobility Ltd (WARDINMOBI) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into Wardwizard Innovations & Mobility Ltd (+25.9 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Wardwizard Innovations & Mobility Ltd (WARDINMOBI)?
The free-cash-flow yield on the price is 4.79 %: that much free cash flow Wardwizard Innovations & Mobility Ltd produces per unit of market value. When it exceeds the discount rate of our models (10.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Wardwizard Innovations & Mobility Ltd (WARDINMOBI)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Wardwizard Innovations & Mobility Ltd it is ₹5.16 per share (as of Oct 3, 2026), against a price of ₹5.32. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Wardwizard Innovations & Mobility Ltd stock overvalued or undervalued in 2026?
As of Oct 3, 2026, WARDINMOBI trades above its calculated fair value: price ₹5.32, fair value ₹5.16, a gap of about −3% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of WARDINMOBI?
No. The price is what the market pays today (₹5.32); the fair value is what the company's own numbers justify (₹5.16). For Wardwizard Innovations & Mobility Ltd the two are ₹0.1640 per share apart. That gap is exactly why we show both numbers side by side.
How much is Wardwizard Innovations & Mobility Ltd worth?
The market values Wardwizard Innovations & Mobility Ltd at about ₹1.6B (market capitalisation, as of Oct 3, 2026). Per share that is ₹5.32; our models calculate a fair value of ₹5.16 per share.
What is the P/E ratio of WARDINMOBI?
Wardwizard Innovations & Mobility Ltd trades at a price-to-earnings ratio of 177.3 (as of Oct 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹5.16 is built from several models across several years. Other multiples: P/B 1.1, P/S 0.6, EV/EBITDA 7.6.
How solid is the balance sheet of Wardwizard Innovations & Mobility Ltd (WARDINMOBI)?
Balance-sheet figures for Wardwizard Innovations & Mobility Ltd (as of Oct 3, 2026): return on equity 1.5%, debt of 0.02 per unit of equity. They feed the Quality Score of 26/100, which measures business quality independently of the share price.
How far is WARDINMOBI from its 52-week high?
Wardwizard Innovations & Mobility Ltd trades at ₹5.32, about 56% below its 52-week high of ₹12.08 and 5% above the low of ₹5.08 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹5.16 is for.
Which stocks are comparable to Wardwizard Innovations & Mobility Ltd?
From the same area (Consumer Cyclical) we also value Tesla, Inc, Toyota Motor Corporation, BYD Company, General Motors Company, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Wardwizard Innovations & Mobility Ltd stock attractive at the current price?
The data as of Oct 3, 2026: price ₹5.32, calculated fair value ₹5.16 (−3%), Quality Score 26/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of WARDINMOBI calculated?
We run Wardwizard Innovations & Mobility Ltd through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹5.16, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.0 % above its aggregate fair value. Wardwizard Innovations & Mobility Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Wardwizard Innovations & Mobility Ltd (WARDINMOBI)?
The closing price on Oct 1, 2026 was ₹5.32. Our model-based fair value is ₹5.16, about −3% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Wardwizard Innovations & Mobility Ltd right now?
The price sits above even our optimistic bull case (₹5.16). The favourable scenario is already priced in. The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Wardwizard Innovations & Mobility Ltd
How large is the market capitalisation of Wardwizard Innovations & Mobility Ltd (WARDINMOBI)?
The market capitalisation of Wardwizard Innovations & Mobility Ltd is ₹1.6B (≈ $16.6M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Wardwizard Innovations & Mobility Ltd (WARDINMOBI)?
The price-to-sales ratio of Wardwizard Innovations & Mobility Ltd is 1.36 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Wardwizard Innovations & Mobility Ltd (WARDINMOBI)?
Earnings per share at Wardwizard Innovations & Mobility Ltd are ₹0.0300 (price ÷ EPS = P/E 177.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Wardwizard Innovations & Mobility Ltd (WARDINMOBI)?
The dividend yield of Wardwizard Innovations & Mobility Ltd is 1.1% (payout 190%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Wardwizard Innovations & Mobility Ltd (WARDINMOBI)?
The net margin of Wardwizard Innovations & Mobility Ltd is 0.8% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Wardwizard Innovations & Mobility Ltd (WARDINMOBI)?
The return on equity (ROE) of Wardwizard Innovations & Mobility Ltd is 1.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Wardwizard Innovations & Mobility Ltd (WARDINMOBI)?
On an EBIT basis the return on assets of Wardwizard Innovations & Mobility Ltd is 6.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Wardwizard Innovations & Mobility Ltd (WARDINMOBI)?
The operating margin of Wardwizard Innovations & Mobility Ltd is 4.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Wardwizard Innovations & Mobility Ltd (WARDINMOBI)?
Revenue at Wardwizard Innovations & Mobility Ltd is growing +67.1% versus a year earlier (3y avg +1.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Wardwizard Innovations & Mobility Ltd (WARDINMOBI)?
Earnings per share at Wardwizard Innovations & Mobility Ltd are growing −75.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Wardwizard Innovations & Mobility Ltd (WARDINMOBI) carry?
The net debt of Wardwizard Innovations & Mobility Ltd is ₹1.5B (fiscal year 2026, ≈ 19.3 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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