In this article, we will discuss a stock that is generating a lot of buzz in the market. With experts comparing it to Tata Motors, we will analyze its potential and scope for growth. This stock has the potential to provide 10 to 50 times returns to investors.
About the Company
The company we are discussing is focused on electric vehicles and has recently launched its electric bike called Joy E Bikes. It has a market cap of approximately Rs 1001 crores. Although the shares may seem expensive at present, the company has a strong promoter holding of over 70%. This indicates a higher chance of growth as companies with good promoter holding tend to perform well.
Fundamentals and Shareholding Pattern
Wardwizard Innovations & Mobility Ltd., the name of this company, has strong assets and low liabilities. It does not have any holding pledge and has a high trading volume, ensuring ease of buying and selling shares. The company has consistently increased its sales over the past few years, along with a rapid increase in net profit.
Summary of Fundamentals:
- Market Cap: ₹1,043 Cr.
- Current Price: ₹40.3
- High / Low: ₹78.0 / ₹33.2
- Stock P/E: 114
- Book Value: ₹3.43
- Dividend Yield: 0.25%
- Years: 17.7%
- ROE: 12.5%
- Face Value: ₹1.00
- Profit after tax: ₹9.13 Cr.
- ROE 3Yr: 14.1%
- Return on equity: 12.5%
- Promoter holding: 70.1%
- IN EVEBIT: 50.6
- Profit growth: -7.12%
- Industry PE: 30.8
- Return over 3 years: 34.5%
- Profit Var 3Yrs: 131%
- Debt: ₹14.3 Cr.
- Debt to equity: 0.16
★Wardwizard Innovations & Mobility Ltd., a company focused on electric vehicles, has recently launched its electric bike called Joy E Bikes.
★The company has a market cap of approximately Rs 1001 crores.
★With a strong promoter holding of over 70%, the company has good growth potential.
★It has strong assets, low liabilities, and a high trading volume, making buying and selling shares convenient.
★The company has consistently increased its sales and net profit over the past few years.
Note: The bullet points above summarize the key points mentioned in the content.
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