The shares of software-integrated solution providers gained up to 8 percent after the company received a significant purchase order from top NBFC worth Rs 24 crore.
With a market capitalization of Rs 296.06 crore, the shares of CWD Ltd were trading at Rs 819.80 per share, increasing around 4 percent as compared to the previous closing price of Rs 790.00 apiece.
Reason for rise:-
Today, the shares of the company have seen positive movement after CWD Ltd received a significant purchase order for the supply of “Sound Boxes,” with one of the top 3 NBFCs of India. The purchase order is worth Rs 24 crore.
“Partnering with one of the leading NBFCs of the country allows us to play a small part in fostering financial inclusion amongst an underserved segment. With deployment already underway PAN India, the potential of serving over 50 million customers gives us major motivation to continue fulfilling our vision of developing products that affect our everyday lives.”, said Siddhartha Xavier, CSO and Joint MD of CWD Limited.
Moreover, this order follows the company’s previous announcement of a Rs 100 crore order for our design, development, and manufacturing services for our Sound Box product line.
Financial performance:-
Examine the company’s financial condition, revenue zoomed by 24 percent from Rs 5.59 crore in H1FY24 to Rs 6.97 crore in H1FY25, and during the same time frame, net loss reduced from Rs 2.53 crore to Rs 1.83 crore.
Recent orders:-
Recently, the company signed a Master Supply Agreement (MSA) with PhonePe, India’s leading fintech company. Under the terms of the agreement, CWD Limited will be responsible for the end-to-end design, development, and manufacturing of the innovative Sound Box device, and the 2-year deal is valued at Rs. 100 crores. The Sound Box, a payment solution, has revolutionized the way merchants receive and confirm UPI transactions.
Shareholding pattern:-
In the company’s recent shareholding pattern, the Promoters of the company own 72.29 percent while Retail shareholders own a 27.71 percent stake in the company and Foreign Institutional Investors own a 0 percent stake.
Ratio analysis:-
The company’s critical ratios show that the return on equity decreased from 10.22 percent in FY22-23 to 4.11 percent in FY23-24, while the return on capital employed decreased from 14.24 percent to 8.70 percent. The net profit margin (NPM) for fiscal year 23-24 is 6.45 percent.
Company Profile:-
CWD Limited designs, develops, manufactures, and sells integrated solutions combining software and electronics. The Company’s products are focused on wireless technologies, which include short-range radio technology like NFC, Bluetooth BLE, WiFi, and Zigbee.
Written by:- Abhishek Singh
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