Shares of one of India’s leading auto manufacturing companies in the Electric Vehicle (EV) segment are in focus on Monday, after signing an MoU with a C4V, New York-based company, to strengthen battery technology development.
With a market cap of Rs. 971.6 crores, the shares of Wardwizard Innovations & Mobility Limited surged nearly 1.3 percent to hit an intraday high at Rs. 39.37 on BSE, as compared to its previous closing price of Rs. 38.87.
What’s the news
According to the latest regulatory filings with the stock exchanges, Wardwizard Innovations & Mobility Limited has signed a Memorandum of Understanding (MoU) with C4V.
This strategic partnership represents a major step for the company in the advancement of battery technology and the enhancement of EV performance, aligning with India’s vision for promoting green mobility.
The collaboration aims to develop advanced battery cells specifically designed to meet the performance requirements of Wardwizard Innovations’ EV portfolio, including high-speed scooters and 2-wheelers.
C4V’s expertise in high charging cycle battery architecture, optimized chemical compositions, and the development of robust Lithium Iron Phosphate (LFP) batteries suited to India’s climatic conditions is expected to play a pivotal role in delivering high-performance battery solutions for EVs.
Additionally, the partnership highlights a shared commitment to localizing manufacturing within India, thereby supporting the ‘Make in India’ initiative and driving progress in sustainable energy innovation.
About the Partner
Charge CCCV (C4V) is a New York-based lithium-ion battery technology company with expertise in optimizing lithium-ion battery performance and Gigafactory designs.
C4V’s innovations have significantly improved battery life, safety, and charging efficiency. More notably, its Gigafactory solutions enable emerging countries to develop their own robust manufacturing ecosystems.
By collaborating with leading suppliers of raw materials and equipment, C4V delivers fully optimized batteries with economic benefits and exceptional performance. These batteries are designed for various applications and can be produced on a gigawatt-hour (GWh) scale.
Financials
Wardwizard Innovations reported a marginal growth in revenue from operations, experiencing a year-on-year increase of nearly 18.3 percent, rising from Rs. 49.2 crores in Q2 FY24 to Rs. 58.2 crores in Q2 FY25.
In contrast, during the same period, the company’s net profit decreased from a profit of Rs. 2.55 crores to a loss of Rs. 6.22 crores.
Also read….
Key Financial Ratios
In terms of key financial metrics, Wardwizard Innovations has a Return on Equity (RoE) of 14.2 percent and a return on capital employed (RoCE) of 17.4 percent. Additionally, the company’s debt-to-equity ratio stands at 1.81.
Stock Performance
The stock has delivered negative returns of nearly 35.2 percent in one year, as well as around 36 percent returns in the last six months. Likewise, the shares of Wardwizard Innovations have given negative returns of about 20.5 percent in the last one month.
About the company
Wardwizard Innovations & Mobility Limited is engaged in the business of manufacturing and selling electrical vehicles (EVs), spare parts and other related services. Further, the company is also engaged in the trading of home appliances, white goods and digital business process support services.
Written by Shivani Singh
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
Start Your Stock Market Journey Today!
Want to learn Stock Market trading and Investing? Make sure to check out exclusive Stock Market courses by FinGrad, the learning initiative by Trade Brains. You can enroll in FREE courses and webinars available on FinGrad today and get ahead in your trading career. Join now!!
