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| Orders | Qty | Bid |
|---|---|---|
| 1 | 6000 | 28.7 |
| 0 | 0 | 0 |
| 0 | 0 | 0 |
| 0 | 0 | 0 |
| 0 | 0 | 0 |
| Ask | Qty | Orders |
|---|---|---|
| 0 | 0 | 0 |
| 0 | 0 | 0 |
| 0 | 0 | 0 |
| 0 | 0 | 0 |
| 0 | 0 | 0 |
Price to Earning Ratio,is 14.37, lower than its sector PE ratio of 29.46.Interest Coverage Ratio,is 8.22, higher than 1.5. This means that it is able to meet its interest payments comfortably with its earnings (EBIT).Debt to Equity Ratio,of 0.32 is less than 1 and healthy. This implies that its assets are financed mainly through equity.Tunwal E-Motors Limited, incorporated in 2018, has emerged as a key player in India’s electric vehicle (EV) revolution. The company traces its origins to Tunwal Electronics, established over two decades ago in Gandhinagar, Gujarat, and brings with it a strong engineering legacy.
Tunwal manufactures and distributes a wide portfolio of electric two-wheelers aimed at diverse user groups including urban commuters, students, gig-economy workers, delivery partners, and environmentally conscious riders.
Each vehicle is engineered with advanced electric drivetrains, efficient and safe battery systems, and ergonomic designs that balance affordability with premium features.
The company’s focus extends beyond products to a complete ecosystem—robust after-sales service, spare parts support, and an expanding pan-India dealership network that now covers 20 states.
In FY 2024-25, Tunwal generated revenue of Rs. 18,487 lakh, up from Rs. 10,554 lakh in FY 2023-24, and reported a profit of Rs. 1,186 lakh, underscoring its operational resilience and growth trajectory.
The company currently operates one fully functional factory in Rajasthan, is developing two new manufacturing facilities, and runs a dedicated warehouse in Pune.
A wholly owned subsidiary, Palsana EV Industries India Pvt Ltd, was also acquired during the year to enhance production capacity.
The company primarily operates in the electric two-wheeler space. Its portfolio includes models such as Alfa Pro, Lithino Pro, Mini Lithino, Storm ZX, Alfa Lite, Sport 63, Storm XL, E-Boat, and Storm Advance series.
Product specifications cover lead-acid and lithium battery options with ranges between 50 km and 110 km per charge.
FY 2024-25 was marked by several milestones. Tunwal expanded its dealer and distributor footprint across 20 Indian states.
It acquired Palsana EV Industries India Pvt Ltd as a wholly owned subsidiary to strengthen its manufacturing base.
Construction of two additional factories commenced, complementing its existing Rajasthan facility and Pune warehouse.
On the governance front, the company appointed M/s Advitiya Vyas & Company as Secretarial Auditors for a five-year term beginning FY 2025-26.
Additionally, a preferential issue of 23.91 lakh equity shares was approved in February 2025 to convert part of outstanding unsecured loans into equity.
The company was incorporated in 2018.
The company designs, manufactures, and sells electric two-wheelers for diverse user groups, supported by a wide dealership and service network.
As of FY 2024-25, Tunwal operates one fully functional factory in Rajasthan, is building two additional plants, and maintains a warehouse in Pune.
