---
title: "Bikewo Green Tech Ltd (BIKEWO) — Share Price, Financials & Analysis"
symbol: "BIKEWO"
company: "Bikewo Green Tech Ltd"
canonical: "https://tapetide.com/stocks/BIKEWO"
isin: "INE0SQH01013"
nse_symbol: "BIKEWO"
sector: "Automobiles"
industry: "Auto Dealer"
market_cap_cr: 136.37
generated_at: "2026-09-13T19:21:36.063Z"
---

# Bikewo Green Tech Ltd (BIKEWO)

Canonical page: https://tapetide.com/stocks/BIKEWO

## Company

- **NSE Symbol:** BIKEWO
- **ISIN:** INE0SQH01013
- **Sector:** Automobiles
- **Industry:** Auto Dealer
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Listed Since:** 2024-09-27
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** bikewo.in

## About

Incorporated in 2006, Bikewo GreenTech Ltd is engaged in the manufacture of electric two-wheelers[1]

## Latest Price

- **Price:** ₹104.3
- **Change:** -3.55 (-3.29%)
- **Open:** ₹109.95
- **Day High:** ₹109.95
- **Day Low:** ₹103.5
- **Previous Close:** ₹107.85
- **Volume:** 32000
- **As Of:** 2026-09-11T09:59:35+00:00

## Key Fundamentals

Observed at 2026-09-11T04:34:26.538998Z.

- **Market Cap:** ₹136.37 Cr
- **Classification:** SME
- **P/E (reported):** 31.3
- **Book Value:** ₹32.06
- **Price to Book:** 3.36
- **Dividend Yield:** 0%
- **ROE:** 1.71%
- **ROCE:** 3.22%
- **Debt to Equity:** 0.15
- **Revenue (yearly):** ₹54.49 Cr
- **Net Income:** ₹3.53 Cr
- **EBITDA:** ₹5.66 Cr
- **52-Week High:** ₹115.8
- **52-Week Low:** ₹13.65
- **RSI (14):** 66.98

## Tapetide Score

- **Score:** 51 / 100
- **Score date:** 2026-09-04
- **Archetype:** Trend Ahead of Fundamentals
- **What it means:** The price trend is running ahead of what the financials currently support. Moves like this depend on the fundamentals catching up; check what would have to be true for that.
- **Pillar profile:** Quality: Average · Valuation: Expensive · Momentum: Rising
- **Percentile:** 52 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 86.21 | 9% |
| growth | 98.9 | 9% |
| momentum | 98.9 | 12% |
| ownership | 33.7 | 24% |
| quality | 57.49 | 22% |
| valuation | 27.93 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Debtor days have improved from 130 to 100 days.
- Company's working capital requirements have reduced from 221 days to 109 days

### Weaknesses

- Stock is trading at 3.25 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -1.74%

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -206.5% | -611.99% | -747.87% |
| ebitda margin growth | -38.46% | 53.7% | -12.25% | 29.71% |
| net income growth | -50% | 404.29% | 107.65% | — |
| revenue growth | -28.28% | 130.89% | 29.48% | 31.42% |
| roce | — | -77.9% | -25.46% | 8.26% |
| roe | — | -82.85% | 4.35% | -86.79% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2025 | Mar 2026 |
| --- | --- | --- |
| Sales | 14.44 | 37.46 |
| Expenses | 14.19 | 33.45 |
| Operating Profit | 0.25 | 4.01 |
| OPM % | 1.73 | 10.7 |
| Other Income | 0.1 | 0 |
| Interest | 0.07 | 0.23 |
| Depreciation | 0.18 | 0.51 |
| Profit before tax | 0.1 | 3.27 |
| Tax % | 0 | 0 |
| Net Profit | 0.1 | 3.27 |
| EPS in Rs | 0.08 | 2.51 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2025 | Mar 2026 |
| --- | --- | --- |
| Sales | 23.52 | 54.49 |
| Expenses | 22.03 | 48.87 |
| Operating Profit | 1.49 | 5.62 |
| OPM % | 6.34 | 10.31 |
| Other Income | 0.11 | 0.01 |
| Interest | 0.37 | 0.27 |
| Depreciation | 0.35 | 0.86 |
| Profit before tax | 0.88 | 4.5 |
| Tax % | 0 | 0 |
| Net Profit | 0.88 | 4.5 |
| EPS in Rs | 0.67 | 3.45 |
| Dividend Payout % | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2025 | Mar 2026 |
| --- | --- | --- |
| Equity Capital | 13.04 | 13.04 |
| Reserves | 25.5 | 28.77 |
| Borrowings | 0.45 | 6.16 |
| Other Liabilities | 1.77 | 2.87 |
| Total Liabilities | 40.76 | 50.84 |
| Fixed Assets | 3.66 | 16.35 |
| CWIP | 9.6 | 0 |
| Investments | 0 | 10.16 |
| Other Assets | 27.5 | 24.33 |
| Total Assets | 40.76 | 50.84 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2025 | Mar 2026 |
| --- | --- | --- |
| Cash from Operating Activity | -13.67 | 9.92 |
| Cash from Investing Activity | -2.08 | -14.15 |
| Cash from Financing Activity | 19.54 | 1.22 |
| Net Cash Flow | 3.79 | -3.01 |
| Free Cash Flow | -15.75 | 5.97 |
| CFO/OP | -899 | 194 |

### Ratios

| Item | Mar 2025 | Mar 2026 |
| --- | --- | --- |
| Debtor Days | 159.53 | 100.08 |
| Inventory Days | 383.79 | — |
| Days Payable | 49.15 | — |
| Cash Conversion Cycle | 494.18 | 100.08 |
| Working Capital Days | 333.81 | 108.92 |
| ROCE % | — | 10.97 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Promoters | 62.48% | 62.48% | 62.48% | 54.94% |
| FIIs | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% |
| Public | 30.92% | 30.03% | 29.38% | 30.47% |
| Others | 6.59% | 7.48% | 8.14% | 14.59% |
| No. of Shareholders | 15 | 1676 | 1407 | 1209 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 12 / 4 / 3

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 103.4 | Buy |
| EMA (10) | 102.9 | Buy |
| SMA (20) | 100.33 | Buy |
| EMA (20) | 97.98 | Buy |
| SMA (50) | 78.68 | Buy |
| EMA (50) | 81.11 | Buy |
| SMA (100) | 53.16 | Buy |
| EMA (100) | 62.63 | Buy |
| SMA (200) | 36.4 | Buy |
| EMA (200) | 45.87 | Buy |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 61.91 | Neutral |
| MACD (12,26,9) | 7.53 | Sell |
| Stochastic (14,3,3) | 89.48 | Sell |
| ADX (14) | 43.42 | Buy |
| Williams %R (14) | -19.69 | Sell |
| ATR (14) | 5.96 | High Volatility |
| ROC (12) | 16.21 | Buy |
| Stoch RSI (14) | 46.76 | Neutral |
| UO (7,14,28) | 54.14 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 7 Sep - BikeWo renews Commerce Forever partnership focus for phased deployment of up to 2,500 e-two-wheelers. | [Press Release 7 Sep - BikeWo renews Commerce Forever partnership focus for phased deployment of up to 2,500 e-two-wheelers.](https://nsearchives.nseindia.com/corporate/BIKEWO2016_07092026094207_Pressrelease.pdf) |
| 7 July 2026 - Board appointed Mr. Hiten Pal Saklani as CEO effective July 7, 2026. | [Appointment 7 July 2026 - Board appointed Mr. Hiten Pal Saklani as CEO effective July 7, 2026.](https://nsearchives.nseindia.com/corporate/BIKEWO2016_07072026192648_Outcome.pdf) |
| 7 July 2026 - Board appointed Hiten Pal Saklani as CEO effective July 7, 2026. | [Outcome of Board Meeting 7 July 2026 - Board appointed Hiten Pal Saklani as CEO effective July 7, 2026.](https://nsearchives.nseindia.com/corporate/BIKEWO2016_07072026192128_Outcome.pdf) |
| 6 January 2026 - Mrs. Jolita Manadhata appointed Independent Director (Jan 6, 2026–Jan 5, 2031); Mrs. Archana Devi Raj resigned. | [Outcome of Board Meeting 6 January 2026 - Mrs. Jolita Manadhata appointed Independent Director (Jan 6, 2026–Jan 5, 2031); Mrs. Archana Devi Raj resigned.](https://nsearchives.nseindia.com/corporate/BIKEWO2016_06012026193440_Outcome.pdf) |
| 6 January 2026 - Appointment of Jolita Manadhata as independent director (Jan 6, 2026–Jan 5, 2031); Archana Devi Raj resigned effective Jan 6, 2026. | [Resignation 6 January 2026 - Appointment of Jolita Manadhata as independent director (Jan 6, 2026–Jan 5, 2031); Archana Devi Raj resigned effective Jan 6, 2026.](https://nsearchives.nseindia.com/corporate/BIKEWO2016_06012026194020_Outcome.pdf) |
| 6 Feb - Board meeting on 11 Feb 2026 to approve Q3/9M (31 Dec 2025) results; trading window closed until Feb 13. | [Board Meeting Intimation for To Consider And Approve The Unaudited Financial Results (Standalone & Consolidated) For The Quarter And Nine Months Ended On 31St December, 2025. 6 Feb - Board meeting on 11 Feb 2026 to approve Q3/9M (31 Dec 2025) results; trading window closed until Feb 13.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/cc1c0a03-ffba-472d-b2c0-883f082636f6.pdf) |
| 4 Sep - Submitted FY2025-26 annual report and AGM notice; includes director reappointments and 29 September 2026 AGM. | [Shareholders meeting 4 Sep - Submitted FY2025-26 annual report and AGM notice; includes director reappointments and 29 September 2026 AGM.](https://nsearchives.nseindia.com/corporate/BIKEWO2016_04092026191901_BikewoAR.pdf) |
| 4 Aug - BikeWo signed MoU on August 4, 2026 to acquire majority stake in Enlite EV Care. | [Press Release 4 Aug - BikeWo signed MoU on August 4, 2026 to acquire majority stake in Enlite EV Care.](https://nsearchives.nseindia.com/corporate/BIKEWO2016_04082026091840_Pressrelease.pdf) |
| 30 May 2026 - SDD compliance certificate for year ended March 31, 2026 filed on May 30, 2026. | [Structural Digital Database 30 May 2026 - SDD compliance certificate for year ended March 31, 2026 filed on May 30, 2026.](https://nsearchives.nseindia.com/corporate/BIKEWO2016_30052026162644_BikewoSDDCertificate.pdf) |
| 30 March 2026 - Trading window closed 01.04.2026 until 48 hours after audited results for year ended 31.03.2026. | [Trading Window 30 March 2026 - Trading window closed 01.04.2026 until 48 hours after audited results for year ended 31.03.2026.](https://nsearchives.nseindia.com/corporate/BIKEWO2016_30032026173414_Bikewoctw.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_31430_BIKEWO_2025_2026_A_5558233_04092026192050.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28343_BIKEWO_2024_2025_A_3841995_03092025195315.pdf) |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/aa0ec59a-bdc5-4d32-b23c-6b8889fbb2c5.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0f2ac842-3564-43cc-90c7-b710fe319cab.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e58278a2-c41e-47e6-b859-fc7013db735e.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/542933/77198542933.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/542933/72306542933.pdf) |
| from bse | [Financial Year 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/542933/66982542933.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:21:36.063Z.