CWD Ltd receives order valued at Rs. 76 crores

CWD Limited, a leading information and communication technology company specializing in IoT solutions and connected devices, today announced that it has received a new purchase order worth INR 76 crores for the supply of UPI sound boxes. This significant contract award further reinforces the company's dominant position in India's rapidly expanding digital payment infrastructure market.

Strategic Market Position Reinforced

The new order represents a substantial milestone for CWD Limited, demonstrating continued strong demand for the company's innovative Sound Box solutions in India's thriving digital payments ecosystem. With UPI transactions in India reaching over 14.96 billion transactions daily as of early 2025, the demand for reliable payment confirmation devices has surged dramatically.

This INR 76 crore order is a testament to our customers' unwavering confidence in CWD's design, development, and manufacturing capabilities," said Siddhartha Xavier, Joint Managing Director of CWD Limited. "It validates our strategic focus on the sound box segment and reinforces our position as India's leading provider of end-to-end UPI payment confirmation solutions."

Market Leadership and Innovation

CWD Limited has established itself as a pioneer in India's sound box manufacturing ecosystem, with over 14 million Sound Boxes already deployed across the country. The company's end-to-end capabilities encompassing design, development, and manufacturing have positioned it as the preferred partner for leading fintech companies and financial institutions.

The company's Sound Box solutions provide:

- Instant audio payment confirmation in multiple Indian languages
- Multi-connectivity options including 2G, 4G, and Wi-Fi variants
- IP65-rated durability for diverse operating environments
- Seamless integration with major UPI platforms
- "Made in India" manufacturing from the company's Mysore facility

Strong Financial Performance Trajectory

The new order significantly enhances CWD Limited's revenue visibility and growth trajectory. The company reported 87.8% revenue growth in FY2025, with total revenues reaching INR 33.82 crores. The current order book of INR 200 crores provides strong revenue visibility for the coming fiscal years.

Expanding Digital Payment Market Opportunity

India's digital payments market continues to witness unprecedented growth, with UPI transactions growing at a Compound Annual Growth Rate (CAGR) of 147% in volume terms. The Person-to-Merchant (P2M) segment, which extensively utilizes sound boxes, accounts for 60% of UPI transaction volume growth.

Industry projections indicate that UPI daily transactions could reach 1 billion by FY 2027-28, creating substantial opportunities for sound box manufacturers like CWD Limited.

Shares of CWD Limited was last trading in BSE at Rs. 1498.90 as compared to the previous close of Rs. 1428.00. The total number of shares traded during the day was 3800 in over 20 trades.

The stock hit an intraday high of Rs. 1498.90 and intraday low of 1448.00. The net turnover during the day was Rs. 5533965.00.

Source : Equity Bulls

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INE0H8H01019 CWD ConsumerElectronics OrderWin