Wardwizard
Updated
Company fundamentals and technical available at discount price.
Future growth perspective looks good .
Fundamentals shared below 👇
Expende -
Wardwizard Innovations and Mobility Ltd. will restructure its distribution-dealer model. They will establish 150 'Distributor Showrooms' at the district level to strengthen relationships with Taluka-level Dealers. The company plans to promote high-performing taluka dealers to District Distributors through new distribution models, adding to its 750+ touch-points nationwide. Due to the high demand of the vehicles, the company has decided to pre-schedule the advancement of the distribution model. This will bridge the demand and supply gap and enhance the customer experience.
With over 10+ models in its portfolio spanning high and low-speed categories, the company has established a robust presence in 55+ major Indian cities and aims to expand its reach across the nation.
Fundamental Analysis (Long term):
Leading EV Manufacturer
The Company is the 1st entity to get listed on BSE with the core business of Electric vehicle manufacturing.
Co. first introduced its electric bicycle in 2016 and later introduced low-speed e-vehicles like Gen-next, Glob, wolf, and Monster.
The company sold more than 30,000 units of EV in FY22 as compared to 4229 units in FY21
Key Data Points
Dealers - 750+
Company Owned Retail outlets - 25+
Employees - 700+
Manufacturing Facility - 90,000 sq. ft
Units sold in FY23 - 36,500
Joy E-Bike
The flagship brand of the company ‘Joy eBike’ has various models to suit different categories of customers, such as Glob, Gen Next Nanu, Wolf, Hurricane, EMonster, Beast, and Thunderbolt, etc
Foray into three wheelers segment
The company has introduced its presence in the three-wheelers market with its product Joy E-RIK which launched in FY23
Vyom
Under this brand, the company manufactures consumer appliances from LED TVs to Alkaline water purifiers and air purifiers to hydrogen water bottles. Co. is the only manufacturer of 4-door refrigerators with an all-glass display and quick-freezing technology in India.
Revenue Mix
Joy E-Bike - 100% in FY22 vs 61% in FY21
Vyom - Nil in FY22 39% in FY21
Vehicles Price Range
Two-wheelers - Rs. 77,400 – Rs. 2,42,000
Three-wheelers - Rs.3,40,000
Geographical Split
India - 99% in FY22 vs 95% in FY21
Export - 1% in FY22 vs 5% in FY21
Manufacturing Facility
The Co's manufacturing unit is situated at Vadodara spread with an Annual Capacity Single Shift 1,20,000 Units PA for 2 wheeler and 3-wheelers. A 2-wheeler Is Produced Every 150 seconds after the first vehicle Is Completed.
Product Variants
Low-speed Bikes – Wolf, Glob, Gen Next Nanu, Monster.
High-speed Bikes – Gen Next Nanu+, Wolf +, Wolf Eco, Gen Next Nanu Ec0, Delgo
Electric Motorcycles - Monster, Hurricane, Thunderbolt, Beast, E-Monster.
Dealership
The company currently has a network comprising 750+ dealers-super dealers spread
across 50+ cities in 19 states and Union Territories.
Dealership Breakup
Urban - 302
Rural - 457
EV Ancillary Cluster
The co., jointly with its Promoters & Promoters’ Group, has acquired 4 Mn sq. ft. of land to develop India’s first-ever EV ancillary cluster near the newly inaugurated global headquarters in Vadodara, Gujarat. About 20 major EV parts/ components will be manufactured in the Wardwizard EV ancillary cluster.
Battery Assembling
The company has started its battery assembly line with a capacity of 1 gigahertz per year, and it has signed an MoU with Singapore-based Sunkonnect for R&D and identification of potential partners as well as to develop the roadmap to set up the 1 gigahertz self-production plant at Wardwizard electric vehicle ancillary cluster in Vadodara.
Marketing Campaigns
Joy EBike partnered with The Kapil Sharma Show and Aajtak for the show to have mass brand awareness. In FY23, company spent 7-8% of its sales on marketing expenditure
Capital Expenditure
Capex for FY23 was Rs.23.25 Crores. Its FY24 capex will be Rs.100-125 Crores, with investment of Rs.80 Crores to Rs.85 Crores on the battery plant.
Future growth perspective looks good .
Fundamentals shared below 👇
Expende -
Wardwizard Innovations and Mobility Ltd. will restructure its distribution-dealer model. They will establish 150 'Distributor Showrooms' at the district level to strengthen relationships with Taluka-level Dealers. The company plans to promote high-performing taluka dealers to District Distributors through new distribution models, adding to its 750+ touch-points nationwide. Due to the high demand of the vehicles, the company has decided to pre-schedule the advancement of the distribution model. This will bridge the demand and supply gap and enhance the customer experience.
With over 10+ models in its portfolio spanning high and low-speed categories, the company has established a robust presence in 55+ major Indian cities and aims to expand its reach across the nation.
Fundamental Analysis (Long term):
Leading EV Manufacturer
The Company is the 1st entity to get listed on BSE with the core business of Electric vehicle manufacturing.
Co. first introduced its electric bicycle in 2016 and later introduced low-speed e-vehicles like Gen-next, Glob, wolf, and Monster.
The company sold more than 30,000 units of EV in FY22 as compared to 4229 units in FY21
Key Data Points
Dealers - 750+
Company Owned Retail outlets - 25+
Employees - 700+
Manufacturing Facility - 90,000 sq. ft
Units sold in FY23 - 36,500
Joy E-Bike
The flagship brand of the company ‘Joy eBike’ has various models to suit different categories of customers, such as Glob, Gen Next Nanu, Wolf, Hurricane, EMonster, Beast, and Thunderbolt, etc
Foray into three wheelers segment
The company has introduced its presence in the three-wheelers market with its product Joy E-RIK which launched in FY23
Vyom
Under this brand, the company manufactures consumer appliances from LED TVs to Alkaline water purifiers and air purifiers to hydrogen water bottles. Co. is the only manufacturer of 4-door refrigerators with an all-glass display and quick-freezing technology in India.
Revenue Mix
Joy E-Bike - 100% in FY22 vs 61% in FY21
Vyom - Nil in FY22 39% in FY21
Vehicles Price Range
Two-wheelers - Rs. 77,400 – Rs. 2,42,000
Three-wheelers - Rs.3,40,000
Geographical Split
India - 99% in FY22 vs 95% in FY21
Export - 1% in FY22 vs 5% in FY21
Manufacturing Facility
The Co's manufacturing unit is situated at Vadodara spread with an Annual Capacity Single Shift 1,20,000 Units PA for 2 wheeler and 3-wheelers. A 2-wheeler Is Produced Every 150 seconds after the first vehicle Is Completed.
Product Variants
Low-speed Bikes – Wolf, Glob, Gen Next Nanu, Monster.
High-speed Bikes – Gen Next Nanu+, Wolf +, Wolf Eco, Gen Next Nanu Ec0, Delgo
Electric Motorcycles - Monster, Hurricane, Thunderbolt, Beast, E-Monster.
Dealership
The company currently has a network comprising 750+ dealers-super dealers spread
across 50+ cities in 19 states and Union Territories.
Dealership Breakup
Urban - 302
Rural - 457
EV Ancillary Cluster
The co., jointly with its Promoters & Promoters’ Group, has acquired 4 Mn sq. ft. of land to develop India’s first-ever EV ancillary cluster near the newly inaugurated global headquarters in Vadodara, Gujarat. About 20 major EV parts/ components will be manufactured in the Wardwizard EV ancillary cluster.
Battery Assembling
The company has started its battery assembly line with a capacity of 1 gigahertz per year, and it has signed an MoU with Singapore-based Sunkonnect for R&D and identification of potential partners as well as to develop the roadmap to set up the 1 gigahertz self-production plant at Wardwizard electric vehicle ancillary cluster in Vadodara.
Marketing Campaigns
Joy EBike partnered with The Kapil Sharma Show and Aajtak for the show to have mass brand awareness. In FY23, company spent 7-8% of its sales on marketing expenditure
Capital Expenditure
Capex for FY23 was Rs.23.25 Crores. Its FY24 capex will be Rs.100-125 Crores, with investment of Rs.80 Crores to Rs.85 Crores on the battery plant.
Note
After 20/25% stocks rise now we're see fall because results are not good, Currently hold but make any price action for down side I'll exit position
My target around 40/50%
Trade closed: target reached
stock 75/80% move up side, now running in consolidation, book invested money, and hold 75% gain money for long term now , totally risk free .
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