AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Change in Management 30 Sep - Umanath Nayak resigns as Head HR from Sep 30, 2026; Suman Yadav appointed CHRO from Oct 1, 2026.
Source: Bse
Wakefit Innovations Limited (WAKEFIT)
Micro CapConsumer stocks · Micro cap · NSE
Wakefit Innovations Limited is India's largest and fastest-growing D2C home and furnishing solutions provider. It offers mattresses, furniture, and furnishings, operating a full-stack vertically integrated model with omnichannel sales. The company focuses on product innovation and customer experience.
₹136.03
-1.58 · -1.15%
Market cap ₹4,576 Cr
Data qualityFresh enough for analysisQuote updated 21 Oct, 04:45 am ISTDetails
Quote21 Oct, 04:45 am IST
Base fundamentals17 Oct 2026 · screener
Latest result16 Aug, 12:33 am IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Consumer P/E 22.2 (n=441)
Technical timing lens
Trend score and candlestick chart
27Bearishfull bear SMA stack · SMA20 -6.8% / mo · MACD − · sector -3.7pp vs Nifty 500 (3M)
Stock trend: 21
Sector RS: 36
Sector 3M: -9.3% vs Nifty 500 -5.6%
Consumer FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
WAKEFITD candles · FIT view-4.3%Latest close ₹136.03 on 2026-10-19
Daily history is available from 2025-12-15; the requested 1Y window is partially covered.
Bar
-1.8%
RSI
45
MACD hist
-0.22
52W pos
22%
2026-10-19O ₹138.53H ₹141.50L ₹134.90C ₹136.03Vol 2.8L sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
WAKEFITNifty Consumer DurablesNifty 500
- WAKEFIT
- +6.5%
- Nifty 500
- -5.6%
- Nifty Consumer Durables
- -9.7%
- Vs Nifty 500
- +12.0 pp
Chart stats
19 Oct 2026- From 52W high
- -39.3%
- 52W range position
- 22%
- ATR (14)
- 4.3%
- Volume vs 20D
- 0.70x
- Avg traded value
- ₹5.4 Cr
- 20D price channel
- ₹126.4 - ₹151.6
₹224
₹111.4 - ₹224
₹5.8
Latest completed session
20-session average
28.7% annualized volatility
Research snapshot
What the evidence says now
Mixed fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is mixed.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · FAIR VALUE56
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Excellent75
Revenue +16.7% · PAT +15.0% YoY
Technical
Bearish27
Price trend and sector-relative-strength timing.
Valuation
Legacy model+36.0%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence68
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Excellent · 75/100Rev +17% YoY · PAT +15% YoY · margin expansion · +18% QoQ
Filed 06 Aug 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹405 Cr | +16.7% | +17.7% |
| EBITDA | ₹56 Cr | +27.3% | +55.6% |
| Operating margin | 14.0% | +100 bps | +300 bps |
| PAT | ₹23 Cr | +15.0% | -81.2% |
| PAT margin | 5.7% | -8 bps | -2979 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 23.30
- P/B
- 4.02
- EV/EBITDA
- 16.16
- Market Cap
- 4576.00Cr
Profitability
- ROE
- 23.10%
- ROCE
- 10.90%
- ROA
- 11.02%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 30.00%
- EPS 5Y
- 45.00%
- Revenue 3Y
- 22.00%
- EPS 3Y
- 49.00%
Balance Sheet
- Debt/Equity
- 0.24
- Interest Coverage
- 6.89×
- Altman Z
- 6.79
- Book Value
- 34.30
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 1/5
- OCF
- 245.00 Cr
- EPS TTM
- 6.38
Shareholding
- Promoter Hold
- 37.07%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 24%
Financial History
Updated 21/10/2026
Revenue
₹ CrLatest: 405+17.7% vs prev
Net Profit
₹ CrLatest: 23.0-81.1% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term trend down. RSI 45. Wait for confirmation.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- SMA20 falling (~7.3% over last month) — short-term momentum negative.
- RSI(14) at 45 — rising, no extreme reading.
- MACD below signal but histogram contracting — bearish momentum easing.
- 39% off 52W high · 22% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
61
RS percentile
Stage 1 Base / Transition
1M return
-7.4%
3M return
+6.5%
6M return
-7.5%
1Y return
-
RS 1D
+3
RS 20D
+7
Sector rank
#9
Industry rank
-
Stage evidence
- Price is within 0.1% of the 30-week proxy.
- The 30-week proxy changed -3.8% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price below
200-DMA
price below
Sector
neutral
Industry
unranked
Partial-history RS: the 3M and 6M weights are re-normalised because 12M history is unavailable.
Relative-strength line vs Nifty 500 (base 100)
209 observations
19 Oct 2026Value 76.15-0.12%
RS vs Nifty 50076
Valuation & peers
U-Score 56 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Valuation & peers
U-Score 56 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Financial Turnaround
Fundamental score breakdown
U band · FAIR VALUEValuation7/30
Growth23/25
Quality13/20
Balance Sheet7/15
Cash Flow1/10
Piotroski
8/9 (+5)
Penalties
0
Raw sum
56
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
56/100 · legacy band FAIR VALUE
Positive drivers
- Piotroski is strong at 8/9.
- Fair-value margin of safety is positive at 36.0%.
- Growth contributes 23/25 to the score.
Main drags
- Cash flow is weaker at 1/10; verify the latest quarterly trend.
- Valuation is weaker at 7/30; verify the latest quarterly trend.
- Balance sheet is weaker at 7/15; verify the latest quarterly trend.
Sector valuation model
Consumer valuation: PE/PEG and brand-quality premium
Consumer franchises can deserve higher multiples, but only when growth quality supports them.
Primary lens
PE and PEG relative to growth, ROE, margins, and brand strength.
Secondary checks
Volume growth, pricing power, distribution, same-store or category growth.
Main risk check
Premium valuation needs durable growth and margin resilience.
PE
23.3
PB
4.0
EV/EBITDA
16.2
ROE
23.1%
ROCE
10.9%
FCF Yield
—
Debt/Equity
0.2
MoS
+36.0%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
56
Previous: 56
Legacy U-Score band
FAIR VALUE
Previous: FAIR VALUE
Margin of safety
+36.0%
Previous: +36.0%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
58
58
58
58
58
57
57
56
56
56
56
56
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹70.17
-93.9% MoS
Growth-justified P/E
33.3
Growth-justified Value
₹212.45
+36.0% MoS
PEG
0.50
Comparable companies
Peers
Business-comparable peers in Consumer — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
INM
SME
Interiors & More Ltd.
Furniture
match 46
54
13.8
18.3%
+59%
FAIR VALUE
STANLEY
Small
Stanley Lifestyles Limited
Furniture
match 46
36
111.0
3.1%
-404%
WATCHLIST
OMFURN
SME
Omfurn India Ltd.
Furniture
match 46
60
10.1
10.2%
+69%
UNDERVALUED
MDL
SME
Marvel Decor Ltd.
Furniture
match 44
35
18.8
6.9%
+41%
WATCHLIST
PRITI
Small
Priti International Limited
Furniture
match 42
11
56.3
1.2%
-2405%
OVERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Where growth can come from, and what can break the case
Thesis intactReviewed 2026-06-03T14:54:29.460Z
Management commentary snapshot
Wakefit reported record FY26 revenue of INR 14,889 mn, up 16.9% YoY, driven by strong mattress and furniture growth. Operating EBITDA surged 524.5% YoY to INR 1,123 mn (7.5% margin). Q4FY26 revenue grew 13.5% YoY, but discretionary spending moderated in H2FY26 due to headwinds.
Wakefit demonstrated robust FY26 growth and significant operating leverage, with strong YoY improvements in revenue and EBITDA. While Q4FY26 faced macroeconomic headwinds and raw material volatility, management's proactive pricing and cost optimization efforts, alongside continued omnichannel expansion, support the long-term thesis for market share gains in a formalizing market.
Current business mix
Revenue by Category (FY26)
Latest issuer-disclosed distribution across 3 reported categories.
Mattresses61.4%
Furniture29.3%
Furnishings9.3%
Growth engines
Omnichannel Expansion
Ended FY26 with 139 COCO stores and 1,948 MBO stores across 536 cities, with owned channels contributing 67.2% of revenue.
Mattress Portfolio Strength
Mattress segment witnessed healthy momentum with ~17% YoY growth in FY26 and 20% growth in Q4FY26, outperforming industry trends.
Furniture Category Growth
Furniture category delivered growth of ~24% on a YoY basis in FY26.
Cross-selling and Platform Play
Offering mattresses, furniture, and furnishings under a single brand enables cross-selling and up-selling, with 35.3% revenue from repeat customers.
Capacity and execution
COCO Store Expansion
Company ended FY26 with 139 active COCO stores, adding 42 new stores and closing 8 during the year.
MBO Store Expansion
30% increase in MBO store counts, ending March 2026 with 1,948 stores across 536 cities.
Tailwinds
Long-term Market Opportunity
Indian home and furniture market opportunity remains intact, driven by urbanization, premiumization, online adoption, and preference for organized players.
Market Formalization
Indian home and furnishings market is rapidly formalizing, with organized share expected to reach ~45% by CY2030P.
Headwinds
Raw Material Cost Volatility
Q4FY26 saw significant volatility in raw material categories, with Polyol and TDI prices increasing 30% to 160%.
Moderated Discretionary Spending
Multiple external headwinds impacted H2FY26, weighing on consumer demand and discretionary spending.
Heightened Competitive Intensity
Competitive intensity remained elevated during Q4FY26 as players increased spending to stimulate subdued demand.
Risk radar
Raw Material Price Fluctuations
Volatility in raw material prices (e.g., Polyol, TDI) can impact gross margins, requiring prudent price increases and cost optimization.
Competitive Spending
Increased investments in advertising and marketing initiatives, coupled with heightened competitive intensity, led to moderation in margins.
Management accountability
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Analyst reading lens
Compare YOY
Management explicitly states that YoY trends are appropriate parameters to gauge performance due to the seasonality element in the business.
Sector KPIs management disclosed
Revenue from operations growth FY26
16.9% YoY
Operating EBITDA Margin FY26
7.5%
Gross Margin FY26
55.8%
Mattress Volume Growth FY26
15.4% YoY (915,402 units vs 793,348 units)
Management forward view
FY27 Revenue Growth Target
Targeting revenue growth in FY27 driven by Mattress portfolio strength and improving reach of furniture and furnishing business.
Cost Management & Pricing Actions
Closely monitoring raw material prices, navigating volatility with prudent price increases and focused cost optimization efforts.
Omnichannel Ecosystem Strengthening
Focus remains on strengthening omnichannel ecosystem, deepening customer engagement, and investing in innovation.
Tier 2 Town Expansion
Intend to prioritize store expansion in Tier 2 towns to deepen geographic reach.
Thesis monitor
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Operating EBITDA Margin | 7.5% (FY26) | Sustained improvement or impact from raw material costs and marketing spend. |
| Retail Channel Growth | 49% YoY (FY26) | Continued strong growth and contribution from new COCO/MBO stores. |
| Raw Material Price Trends | Polyol/TDI up 30-160% in Q4FY26 | Stabilization or further increases and company's ability to pass on costs. |
| Owned Channels Revenue Contribution | 67.2% (FY26) | Continued increase, indicating successful direct customer engagement and higher profitability. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trust Score
68Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 56th percentile of the scored universe and 60th percentile within Consumer. Main check: cash conversion is weak at 43/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
14 docs text-extracted · 4 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
56th percentile
overall median 67 · Consumer: 60th pctile, median 66 · Micro: 34th pctile, median 73
Evidence depth
Financial-only
14 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
78
strong · holding, pledge, alignment
Cash flow
43
weak · profit to cash conversion
Balance sheet
89
strong · leverage and solvency
Discipline
76
strong · capital discipline
Results
55
watch · quarterly consistency
Trust positives
- ▸Promoter pledge is zero.
Trust risks
- ▸Only 1 years of positive FCF.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Wakefit Innovations Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Change in Management 24 Sep - Senior Manager–Legal Kunal Chandel resigned effective close of business on September 24, 2026.
Source: Bse
AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 4 Sep - Schedule of Analyst / Institutional Investor meeting on September 11, 2026.
Source: Bse
AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 4 Sep - Wakefit to attend Axis Capital investor conference on September 10, 2026 in Mumbai.
Source: Bse
Annual reportSep 2026
Sep 2026 · Intimation About Letter Providing A Web-Link Of The Annual Report For Financial Year 2025-26. 17 Aug - Wakefit 10th AGM scheduled for September 9, 2026; FY2025-26 annual report shared.
Source: Bse
AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Newspaper Publication 12 Aug - Newspaper Publication intimating shareholders about the 10th Annual General Meeting of the Company scheduled to be held on Wednesday , September 09, 2026.
Source: Bse
Concall transcriptAug 2026
Aug 2026 · Transcript
Source: Bse
Investor presentationAug 2026
Aug 2026 · PPT
Source: Bse
AnnouncementAug 2026
Aug 2026 · Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 27 Aug - The Board vide resolution passed on August 27, 2026, has approved the allotment of 3,13,521 Equity shares of Re.1 /- each to eligible employees/ ESOP …
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 26 May
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 23 May
Source: Bse
Annual report
Annual Report 2026 from bse
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.