TUNWAL

Tunwal E-Motors Limited

Listed company · ISIN INE0OXV01027 · NSE SM · FV ₹2
Last price
₹23
-0.22%today
What this company does

Tunwal E-Motors Limited is a listed company. It booked ₹132 cr of revenue in its latest half year (H2 FY26) and kept 3.2% of sales as profit.

50out of 100
Equitytale Health Score
Mixed

Healthier than 50% of listed companies we score, on the 5 of 6 measures we could read for it. Each measure is ranked against the 655–2,932 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
32

At close. Not part of the score.

Profitability & returns33

How much profit it earns on the money it employs

Balance sheet56

How much it owes, and whether earnings cover the interest

Cash quality44

Whether reported profit actually arrives as cash

Valuation41

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
✓ Makes a profit
✓ Promoters hold 64%
✓ No promoter shares pledged
Watch-outs
! Thin 3.2% net margin
! Low 7.5% return on equity

What if I invest in TUNWAL?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 5% a year, it would become
₹15.50 lakh

The slider starts at 5%, taken from a generic assumption, not this company's history. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest half year + price
₹23▼ -0.22%
latest close · 2026-11-04
52-wk low ₹2274 sessions so far52-wk high ₹28
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio15.4Average
LowAverageHigh
P/B ratio1.15Moderate
Below bookModerateHigh
EV / EBITDA11.0Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity7.5%Weak
WeakFairStrong ▸15%
Return on capital9.9%Fair
WeakFairStrong
Net margin3.2%Thin
ThinDecentStrong
EBITDA margin5.2%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.24Comfortable
LowModerateHigh ▸1
Interest cover5.6×Strong
RiskyOkayStrong ▸5×
Current ratio2.22Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹132 cr
Book value
₹20
EPS
₹0.74
latest half year
Net debt
₹20 cr
owes more than its cash
Enterprise value
₹152 cr
EBITDA
₹14 cr
annualised
EBIT
₹14 cr
annualised
Operating margin
5.2%
Return on assets
3.9%
Earnings yield
6.49%
P/S
0.50
Sales / share
₹45.9
Tax rate
24.5%
Face value
₹2
Shares
5.8 cr
Working capital
₹96 cr
Current assets
₹174 cr
Current liabilities
₹78 cr
Delivery %
57.5%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest half year; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.

Worth vs price · from the exchange filings
not investment advice
Looks overpricedMedium confidence
Median of 2 models ₹14 vs market price ₹23 — price is 63% above it
Safety cushion-62.7%(target ≥ +20%)
Models span ₹14–₹14, midpoint ₹14
Model ₹14
Price ₹23
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · H2 FY26 (consolidated)
Revenue from Operations₹132 cr
Other Income₹57.7 L
Total Income₹133 cr
Cost of Materials₹93 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹17 cr
Employee Benefit Expense₹3 cr
Finance Costs₹1 cr
Other Expenses₹11 cr
Total Expenses₹127 cr
Profit before Tax₹6 cr
Tax Expense₹1 cr
Net Profit₹4 cr
Net margin on total income3.2%
Where the money goes · H2 FY26
% of total income
Materials + stock-in-trade₹110 cr82.9%
Employee benefit expense₹3 cr2.2%
Finance costs₹1 cr0.9%
Other expenses₹13 cr9.7%
Tax expense₹1 cr1.0%
Profit for the period₹4 cr3.2%
Total income ₹133 cradds up to ₹100 ✓
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹218 cr
Shareholder equity
₹114 cr
parent shareholders
Total debt
₹27 cr
Cash
₹7 cr
Corporate actions
Dividend yield
0.44%
trailing 12 months
Dividend / share (TTM)
₹0.1
Last dividend
₹0.1
ex 22 Sep 2026
ActionDetailEx-date
Dividend₹0.1 / share22 Sep 2026
Who owns it · 2026-09-30
No pledge
Promoter
63.9%
Public
36.1%
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 29 Sep 2026
See the official result
1
Adoption of Audited Standalone Financial Statements
This filing does not break the votes down by shareholder group.
2
Adoption of Audited Consolidated Financial Statements
This filing does not break the votes down by shareholder group.
3
Declaration of Dividend of Rs. 0.10/- per Equity Share
This filing does not break the votes down by shareholder group.
4
Re-appointment of Mr. Jhumarmal Pannaram Tunwal (DIN: 07486090) retiring by rotation
Promoters had a personal stake in this
This filing does not break the votes down by shareholder group.

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 6 named members
owning 63.9% between them · as of 2026-09-30
JHUMARMAL PANNARAM TUNWAL61.43%
TUNWAL JHUMARMAL P HUF2.12%
SANGITA JHUMARMAL TUNWAL0.35%
AMITKUMAR PANNARAM MALIno shares
KAVITA SANKHLAno shares
SPRETA JHUMARMAL TUNWALno shares

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹82 cr raised in Jul 2024 by selling shares to the public

As of Mar 2026, the company says it has spent 99% of what it set aside, leaving ₹1 cr still to be spent.

FUNDING OF WORKING CAPITAL
100%
₹35 cr of ₹35 cr
RESEARCH AND DEVELOPMENT
79%
₹4 cr of ₹5 cr
PURSUING INORGANIC GROWTH
100%
₹5 cr of ₹5 cr
GENERAL CORPORATE EXPENSES
100%
₹20 cr of ₹20 cr
FRESH ISSUE EXPENSES
100%
₹16 cr of ₹16 cr

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.