Wakefit Innovations
- P/E
- 21.55
Key Fundamentals
MicrocapConsumer DurablesConsumer DiscretionaryPrice-based figures as of · EPS basis: Standalone · TTM
- ROCE
- 10.90%
- Debt to Equity
- 0.24
- EPS (TTM)
- ₹6.38
- Book Value
- ₹34.13
- Market Cap
- —
- P/E (TTM)
- 21.55
- P/B
- 4.03
- ROE
- 23.10%
- Dividend Yield
- 0.00%
- EBITDA
- ₹227 Cr
- 52W High
- ₹224.00
- 52W Low
- ₹111.40
- Volume
- 0
Peer Comparison
Consumer Discretionary › Consumer Goods › Home Furnishing › Furniture, Home Furnishing
| ₹507.90 | 25.81 | ₹5,504 Cr | 1.65 | 0.20% | 4.80% | 6.11% | ₹4,031 Cr | ₹217 Cr | |
| ₹137.47 | 21.55 | ₹4,497 Cr | 4.03 | 0.00% | 23.10% | 10.90% | ₹1,547 Cr | ₹193 Cr | |
| ₹139.72 | 36.77 | ₹3,792 Cr | 2.36 | 0.07% | 10.30% | 10.80% | ₹1,248 Cr | ₹101 Cr | |
| ₹229.50 | — | ₹1,053 Cr | 3.72 | 0.00% | 35.80% | 47.10% | — | — | |
| ₹663.45 | 85.06 | ₹778 Cr | 9.82 | 0.03% | 9.29% | 10.70% | ₹386 Cr | ₹10 Cr | |
| ₹131.59 | 160.48 | ₹757 Cr | 1.61 | 0.00% | 1.80% | 5.55% | ₹410 Cr | ₹6 Cr | |
| ₹8.88 | 52.24 | ₹605 Cr | 1.49 | 0.00% | 3.18% | 4.70% | ₹158 Cr | ₹12 Cr | |
| Median 7 companies | ₹139.72 | 44.51 | ₹1,053 Cr | 2.36 | 0.00% | 9.29% | 10.70% | ₹829 Cr | ₹57 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
Data confidence 100/100
Category scores
- Quality
- 51
- Average
- Returns, margins, earnings quality 22% weight
- Valuation
- 44
- Weak
- Cheap vs sector & own history 24% weight
- Growth
- 58
- Good
- Sales & profit trajectory 9% weight
- Financial Health
- 66
- Strong
- Solvency, leverage, coverage 9% weight
- Momentum
- 45
- Weak
- Trend strength, vol-adjusted 12% weight
- Ownership
- 58
- Good
- FII/DII/promoter flows 24% weight
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
2- Company has delivered good profit growth of 44.6% CAGR over last 5 years
- Company's working capital requirements have reduced from 49.4 days to 36.9 days
Weaknesses
2- Stock is trading at 3.85 times its book value
- Company has a low return on equity of 6.89% over last 3 years.
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Bullish | 6 | 6 | 7 |
| Oscillators | Bearish | 2 | 6 | 1 |
| Moving Averages | Strong Bullish | 4 | 0 | 6 |
Oscillators
Bearish
Overall
Bullish
Moving Averages
Strong Bullish
Key readings
- RSI (14)
- 51.63
- Neutral
- MACD (12,26,9)
- −1.04
- Bullish
- SMA (50)
- 141.71
- Bearish
- SMA (200)
- 147.09
- Bearish
As of
Analyst Rating
2 of 3 analysts rate Buy, 0 Hold, 1 Sell.
As of
Growth Rate
From the financial statements below. 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025.
Revenue
| 5Y | +29.49% |
|---|---|
| 3Y | +22.35% |
| 1Y | +16.88% |
Net profit
| 5Y | Turned to profit |
|---|---|
| 3Y | Turned to profit |
| 1Y | Turned to profit |
Operating cash flow
| 5Y | Turned positive |
|---|---|
| 3Y | Turned positive |
| 1Y | +222.37% |
Operating margin· change in pp
| 5Y | +22.27 pp |
|---|---|
| 3Y | +22.95 pp |
| 1Y | +7.78 pp |
Trailing twelve months: Fewer than eight quarters are reported, so there is no trailing-twelve-month figure.
Revenue by year
| Mar 2021 | ₹409 Cr |
|---|---|
| Mar 2022 | ₹633 Cr |
| Mar 2023 | ₹813 Cr |
| Mar 2024 | ₹986 Cr |
| Mar 2025 | ₹1,274 Cr |
| Mar 2026 | ₹1,489 Cr |
Net profit by year
| Mar 2021 | −₹37.00 Cr |
|---|---|
| Mar 2022 | −₹107 Cr |
| Mar 2023 | −₹146 Cr |
| Mar 2024 | −₹15.00 Cr |
| Mar 2025 | −₹35.00 Cr |
| Mar 2026 | ₹189 Cr |
Analyst Forecasts
AI Analysis — Bull vs Bear
Wakefit Innovations is India's largest D2C home and furnishings brand by revenue, having turned profitable in FY25 with net profit of ₹189 Cr after years of losses. The stock trades at a PE of ~22x against an industry PE of ~56x, with revenue growing at a 30% CAGR over 5 years but a relatively modest 3-year ROE of 7% and a P/B of 3.67x.
- Revenue has compounded at 30% CAGR over 5 years, growing from ₹813 Cr in FY23 to ₹1,274 Cr in FY25 — strong top-line momentum
- Dramatic profitability turnaround: net profit swung from ₹-146 Cr in FY23 to ₹189 Cr in FY25, a 559% TTM profit growth
- EBITDA margin improved from -11.4% in FY23 to +11.9% in FY25, demonstrating operating leverage kicking in
- PE of ~22x is significantly below the industry PE of ~56x, suggesting relatively cheaper valuation versus consumer discretionary peers
- Debt-to-equity of just 0.24x indicates a conservatively financed balance sheet with low leverage risk
- Large addressable market — India's home and furnishings market is projected to grow at 11-13% CAGR, providing secular tailwind
- Omnichannel expansion to 125 company-owned stores and 1,504 multi-brand outlets as of Sep 2025, diversifying beyond pure online D2C
- Last year ROE jumped to 24% from a 3-year average of 7%, indicating a step-change in capital efficiency if sustained
- 3-year average ROE of only 7.12% is modest for a consumer brand trading at 3.67x book value — capital efficiency has historically been poor
- Stock has fallen significantly from its 52-week high of ₹224 to ~₹130, a decline of ~42%, reflecting weak market sentiment
- 5-year ROE is negative at -5%, reflecting prolonged loss-making history from FY21 to FY24 — profitability track record is very short
- Zero dividend yield — the company retains all earnings and offers no income return to shareholders
- Promoter holding at 36.87% is relatively low for a recently listed company, with significant PE/VC overhang from early investors
- TTM revenue growth has decelerated to 17% from the 5-year CAGR of 30%, suggesting slowing momentum as scale increases
- Competitive pressure from established players like Sleepwell, Duroflex, and Peps, plus new D2C entrants, in a price-sensitive market
- Stock listed below IPO price on debut day, indicating tepid institutional conviction at the offered valuation
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
TL;DR: Wakefit issued a sizable ESOP grant of 4.57 lakh options at a nominal exercise price, indicating management's focus on talent retention and alignment with long-term value creation. No headwinds surfaced in the period. With limited news flow, the outlook hinges on upcoming operational updates and demand trends in the consumer discretionary space.
- ESOP grant boosts employee retention Jul 13
Wakefit Innovations granted 4,57,611 ESOPs under its 2019 plan at Re. 1 per option. Options vest after 12 months and are exercisable for up to 1 year, signaling confidence in future growth.
Quarterly Results
₹ Cr| Particulars | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|
| Sales | 385 | 303 | 347 | 377 | 421 | 344 | 405 |
| Expenses | 365 | 297 | 303 | 336 | 362 | 307 | 348 |
| Operating Profit | 20 | 6 | 44 | 41 | 59 | 36 | 56 |
| OPM % | 5% | 2% | 13% | 11% | 14% | 11% | 14% |
| Other Income | 7 | 8 | 8 | 10 | 7 | 17.37 | 16 |
| Interest | 7 | 11 | 7 | 7 | 7 | 6 | 7 |
| Depreciation | 23 | 30 | 26 | 27 | 28 | 24 | 28 |
| PBT | −2 | −26 | 20 | 16 | 32 | 24 | 36 |
| Tax % | 0% | 0% | 0% | 0% | 0% | −414% | 36% |
| Net Profit | −2 | −26 | 20 | 16 | 32 | 122 | 23 |
| EPS (₹) | −2.29 | −24.9 | 1.25 | 1.01 | 0.97 | 3.69 | 0.71 |
Profit & Loss
₹ Cr| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|
| Sales | 409 | 633 | 813 | 986 | 1,274 | 1,489 | 1,547 |
| Expenses | 449 | 711 | 898 | 950 | 1,214 | 1,303 | 1,354 |
| Operating Profit | −40 | −79 | −85 | 36 | 60 | 186 | 193 |
| OPM % | −10% | −12% | −10% | 3.7% | 4.7% | 12% | 12% |
| Other Income | 8 | 4 | 7 | 31 | 32 | 39 | 50 |
| Interest | 0 | 8 | 21 | 18 | 30 | 28.07 | 28 |
| Depreciation | 5 | 24 | 47 | 64 | 96 | 104 | 107 |
| PBT | −37 | −107 | −146 | −15 | −35 | 91 | 108 |
| Tax % | −1% | 0% | 0% | 0% | 0% | −108% | — |
| Net Profit | −37 | −107 | −146 | −15 | −35 | 189 | 193 |
| EPS (₹) | −36.65 | −105 | −144 | −14.55 | −33.26 | 5.73 | 6.38 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
₹ Cr| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity Capital | 1 | 1 | 1 | 1 | 1 | 33 |
| Reserves | 238 | 340 | 504 | 523 | 500 | 1,099 |
| Borrowings | 1 | 23 | 0 | 209 | 293 | 272 |
| Other Liabilities | 75 | 210 | 287 | 195 | 257 | 348 |
| Total Liabilities | 314 | 574 | 792 | 928 | 1,051 | 1,751 |
| Fixed Assets | 49 | 227 | 290 | 329 | 415 | 389 |
| CWIP | 2 | 43 | 3 | 2 | 1 | 2 |
| Investments | 39 | 65 | 32 | 138 | 51 | 80 |
| Other Assets | 225 | 239 | 467 | 458 | 583 | 1,280 |
| Total Assets | 314 | 574 | 792 | 928 | 1,051 | 1,751 |
Cash Flow
₹ Cr| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Operating | −69 | −148 | −20 | 81 | 76 | 245 |
| Investing | −104 | −50 | −201 | −147 | −2 | −499 |
| Financing | 185 | 190 | 275 | 9 | −71 | 336 |
| Net Cash Flow | 12 | −8 | 53 | −58 | 3 | 81 |
| Free Cash Flow | −125 | −241 | −60 | 52 | 25 | 215 |
| CFO/OP | 170 | 184 | 29 | 228 | 125 | 133 |
Ratios
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor Days | 7 | 8 | 8 | 10 | 2 | 1 |
| Inventory Days | 115 | 134 | 91 | 103 | 104 | 109 |
| Days Payable | 88 | 81 | 86 | 113 | 100 | 108 |
| Cash Conversion Cycle | 34 | 61 | 12 | 0 | 6 | 2 |
| Working Capital Days | 27 | 42 | 4 | 66 | 45 | 37 |
| ROCE % | — | −33% | −29% | 0% | −2% | 11% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Wakefit Innovations insights
60 extracted metrics across FY21–FY27.
Documents
- Q1 FY27 concall · Aug 2026Transcript PPT Recording
- Q4 FY26 concall · May 2026Transcript PPT Recording
- Q3 FY26 concall · Feb 2026Transcript PPT
- General announcements 7 Oct 2026
- General announcements 28 Sep 2026
Frequently Asked Questions about Wakefit Innovations
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Company Information
Incorporated in 2016, Wakefit Innovations Limited is a Indian D2C (Direct-to-Consumer) home and sleep solutions company.
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