WEBSITE BSE:0 NSE: Inc. Year: 2016 Industry: Automobiles - Dealers & Distributors My Bucket: Add Stock
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1. Business Overview
Bikewo Green Tech Ltd. operates in the Automobiles - Dealers & Distributors sector in India. Its core business involves the distribution and retail sale of automobiles, likely encompassing new vehicles, potentially used vehicles, and related services. As a dealer, the company acts as an intermediary between vehicle manufacturers and end consumers. The "Green Tech" in its name suggests a potential specialization or strong focus on environmentally friendly vehicles, such as electric vehicles (EVs), hybrids, or related technologies. The company makes money primarily through sales margins on vehicles, parts, and accessories, as well as revenue generated from vehicle servicing, maintenance, and potentially commissions from financing and insurance products.
2. Key Segments / Revenue Mix
Specific revenue mix data for Bikewo Green Tech Ltd. is not publicly available. However, typical revenue segments for an automotive dealer generally include:
New Vehicle Sales: The primary revenue driver, selling brand-new automobiles from partnered manufacturers.
Aftermarket Sales & Service: Revenue from the sale of spare parts, accessories, and charges for vehicle maintenance, repairs, and servicing.
Used Vehicle Sales: Trading and selling pre-owned vehicles (if applicable).
Finance & Insurance Commissions: Earning commissions by facilitating vehicle financing and insurance products for customers.
Given the "Green Tech" emphasis, there might also be a segment related to EV charging infrastructure or specialized green technology services.
3. Industry & Positioning
The Automobiles - Dealers & Distributors industry in India is highly competitive and fragmented, characterized by numerous regional and national players operating under franchise agreements with various vehicle manufacturers. Dealers often rely on strong local presence, customer service, and the brand strength of the manufacturers they represent. Bikewo Green Tech Ltd., by virtue of its name, may be positioning itself within the rapidly growing segment of electric and green vehicles, potentially focusing on specific EV brands or offering a range of green mobility solutions. Its positioning relative to peers would depend on its geographical reach, manufacturer partnerships, service quality, and the depth of its "Green Tech" offerings.
4. Competitive Advantage (Moat)
Automobile dealerships typically have relatively weak moats compared to manufacturers. Potential advantages for Bikewo Green Tech Ltd. could include:
Manufacturer Partnerships: Strong, long-standing relationships with leading manufacturers, particularly those in the green vehicle space, could provide a supply advantage.
Local Market Presence: A well-established network of showrooms and service centers in key geographic areas, combined with a strong local reputation for service quality.
Specialized Expertise: If the "Green Tech" focus translates into deep expertise in EV technology, charging infrastructure, or specialized green vehicle servicing, this could be a differentiator.
Customer Relationships: Loyal customer base built on trust and consistent service.
However, these advantages are often localized and can be replicated by competitors. Dealer brand loyalty is generally secondary to manufacturer brand loyalty.
5. Growth Drivers
Key factors that could drive growth for Bikewo Green Tech Ltd. over the next 3-5 years include:
Overall Indian Automotive Market Growth: Rising disposable incomes, increasing urbanization, and improving road infrastructure are expected to drive vehicle demand.
Electric Vehicle (EV) Adoption: Government incentives, improving charging infrastructure, and increasing consumer awareness are accelerating the transition to EVs, which aligns with the company's "Green Tech" focus.
Expansion of Manufacturer Portfolios: New model launches and wider product offerings from partnered manufacturers can boost sales.
Geographic Expansion: Opening new dealerships in untapped or high-growth regions.
Enhanced Service Offerings: Expanding after-sales services, accessories, or value-added services (e.g., specialized EV maintenance, battery swap services).
6. Risks
Bikewo Green Tech Ltd. faces several business risks:
Economic Downturns: A slowdown in the Indian economy can significantly impact discretionary spending on automobiles, affecting sales volumes.
Intense Competition: The dealership market is crowded, leading to margin pressures and intense competition for customers.
Manufacturer Dependence: Reliance on specific vehicle manufacturers for vehicle supply, terms of trade, and brand strength exposes the company to risks associated with the manufacturer's performance, strategy changes, or supply chain issues.
Regulatory Changes: Changes in automotive policies, taxation, emission norms, or EV subsidies by the Indian government could impact operations and demand.
Technological Disruption: Rapid advancements in automotive technology, especially in the green tech space, require continuous investment and adaptation.
Supply Chain Disruptions: Global supply chain issues (e.g., semiconductor shortages) can lead to vehicle delivery delays and lost sales.
High Capital Expenditure: Setting up and maintaining showrooms and service centers requires significant capital investment.
7. Management & Ownership
Specific details regarding the promoters, management quality, and ownership structure of Bikewo Green Tech Ltd. are not provided. In many Indian companies, especially those that are privately held or recently listed, promoter families typically hold significant ownership stakes and exert substantial influence over strategic and operational decisions. The quality of management would depend on their experience in the automotive retail sector, strategic vision, and ability to navigate the evolving market, particularly the green tech segment.
8. Outlook
Bikewo Green Tech Ltd. operates in a dynamic Indian automotive market, which presents both opportunities and challenges. The "Green Tech" focus positions it favorably to capitalize on the accelerating shift towards electric and sustainable mobility solutions, a key growth area for the future. A strong brand portfolio and efficient operational management could enable the company to capture market share. However, the business is inherently sensitive to economic cycles, highly competitive, and dependent on manufacturer relationships. Future success will hinge on effective execution of its "Green Tech" strategy, ability to expand its network and service capabilities, and adeptly managing competitive pressures and regulatory changes in the evolving automotive landscape.
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Market Cap ₹33 Cr.
Stock P/E 50.6
P/B 0.9
Current Price ₹25.5
Book Value ₹ 29.5
Face Value 10
52W High ₹25.9
Dividend Yield 0%
52W Low ₹ 13.7
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) |
|---|
| Net Sales |
| Other Income |
| Total Income |
| Total Expenditure |
| Operating Profit |
| Interest |
| Depreciation |
| Exceptional Income / Expenses |
| Profit Before Tax |
| Provision for Tax |
| Profit After Tax |
| Adjustments |
| Profit After Adjustments |
| Adjusted Earnings Per Share |
| #(Fig in Cr.) | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|
| Net Sales | 23 | 14 | 21 | 25 | 24 | |
| Other Income | 0 | 0 | 0 | 0 | 0 | |
| Total Income | 23 | 14 | 21 | 25 | 24 | |
| Total Expenditure | 22 | 13 | 20 | 22 | 22 | |
| Operating Profit | 1 | 1 | 1 | 3 | 2 | |
| Interest | 0 | 1 | 0 | 0 | 0 | |
| Depreciation | 0 | 0 | 0 | 0 | 0 | |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | |
| Profit Before Tax | 1 | 0 | 0 | 2 | 1 | |
| Provision for Tax | 0 | 0 | 0 | 1 | 0 | |
| Profit After Tax | 0 | 0 | 0 | 2 | 1 | |
| Adjustments | 0 | 0 | 0 | 0 | 0 | |
| Profit After Adjustments | 0 | 0 | 0 | 2 | 1 | |
| Adjusted Earnings Per Share | 1.9 | 0.3 | 0.2 | 1.8 | 0.5 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | -4% | 20% | 0% | 0% |
| Operating Profit CAGR | -33% | 26% | 0% | 0% |
| PAT CAGR | -50% | 0% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 55% | NA% | NA% | NA% |
| ROE Average | 2% | 6% | 7% | 7% |
| ROCE Average | 4% | 7% | 7% | 7% |
| #(Fig in Cr.) | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Shareholder's Funds | 4 | 7 | 7 | 17 | 39 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 4 | 2 | 2 | 1 | 0 |
| Other Non-Current Liabilities | -0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 4 | 5 | 11 | 13 | 2 |
| Total Liabilities | 12 | 15 | 20 | 32 | 41 |
| Fixed Assets | 2 | 3 | 2 | 2 | 4 |
| Other Non-Current Assets | 3 | 5 | 7 | 10 | 10 |
| Total Current Assets | 8 | 7 | 10 | 20 | 28 |
| Total Assets | 12 | 15 | 20 | 32 | 41 |
| #(Fig in Cr.) | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 0 | 0 | 0 | 0 | 0 |
| Cash Flow from Operating Activities | 2 | 3 | 3 | -4 | -14 |
| Cash Flow from Investing Activities | -4 | -4 | -2 | -2 | -2 |
| Cash Flow from Financing Activities | 2 | 1 | -1 | 7 | 20 |
| Net Cash Inflow / Outflow | 0 | -0 | 0 | 0 | 4 |
| Closing Cash & Cash Equivalent | 0 | 0 | 0 | 0 | 4 |
| # | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 1.89 | 0.3 | 0.19 | 1.83 | 0.5 |
| CEPS(Rs) | 2.13 | 0.9 | 0.84 | 2.19 | 0.77 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 14.61 | 13.99 | 14.18 | 18.31 | 29.55 |
| Core EBITDA Margin(%) | 2.83 | 7.33 | 3.35 | 11.37 | 6.45 |
| EBIT Margin(%) | 3.68 | 5.92 | 1.99 | 10.63 | 5.43 |
| Pre Tax Margin(%) | 2.67 | 1.6 | 0.57 | 9.32 | 3.74 |
| PAT Margin (%) | 2.08 | 1.1 | 0.48 | 6.69 | 2.8 |
| Cash Profit Margin (%) | 2.34 | 3.32 | 2.08 | 8.04 | 4.29 |
| ROA(%) | 3.89 | 1.12 | 0.57 | 6.54 | 1.82 |
| ROE(%) | 12.94 | 2.82 | 1.36 | 13.94 | 2.38 |
| ROCE(%) | 7.6 | 6.53 | 2.84 | 13.58 | 4.04 |
| Receivable days | 28.55 | 24.19 | 10.12 | 13.6 | 85.79 |
| Inventory Days | 53.33 | 111.59 | 111.23 | 129.76 | 121.52 |
| Payable days | 14.46 | 14.38 | 9.32 | 27.21 | 24.79 |
| PER(x) | 0 | 0 | 0 | 0 | 28.55 |
| Price/Book(x) | 0 | 0 | 0 | 0 | 0.49 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 0.36 | 0.64 | 0.47 | 0.66 | 0.65 |
| EV/Core EBITDA(x) | 9.12 | 7.93 | 13 | 5.55 | 9.44 |
| Net Sales Growth(%) | 0 | -39.24 | 48.98 | 21.49 | -5.88 |
| EBIT Growth(%) | 0 | -2.42 | -49.82 | 548.18 | -51.94 |
| PAT Growth(%) | 0 | -67.87 | -35.48 | 1606.22 | -60.66 |
| EPS Growth(%) | 0 | -84.25 | -35.49 | 850.55 | -72.38 |
| Debt/Equity(x) | 2.02 | 0.97 | 1.05 | 0.45 | 0.01 |
| Current Ratio(x) | 1.75 | 1.29 | 0.97 | 1.49 | 12.9 |
| Quick Ratio(x) | 1 | 0.35 | 0.26 | 0.72 | 10.41 |
| Interest Cover(x) | 3.63 | 1.37 | 1.4 | 8.1 | 3.22 |
| Total Debt/Mcap(x) | 0 | 0 | 0 | 0 | 0.02 |
| # | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|
| Promoter | 62.48 | 62.48 | 62.48 | 54.94 |
| FII | 0.31 | 0 | 0 | 0 |
| DII | 0.03 | 0.38 | 0 | 0 |
| Public | 37.18 | 37.13 | 37.52 | 45.06 |
| Others | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 |
| # | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|
| Promoter | 0.81 | 0.81 | 0.81 | 0.72 |
| FII | 0 | 0 | 0 | 0 |
| DII | 0 | 0.01 | 0 | 0 |
| Public | 0.48 | 0.48 | 0.49 | 0.59 |
| Others | 0 | 0 | 0 | 0 |
| Total | 1.3 | 1.3 | 1.3 | 1.3 |
* The pros and cons are machine generated.
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