Risk factor
Very poor trading liquidity
Profitability factor
Overvalued vs peers
About
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 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 Valuation
Based on key historical and expected multiples, the stock is overvalued relative to its peers. Specifically, the stock is 'expensive' on P/E, neutral on EV/EBITDA, overpr