Waaree Renewables Technologies Ltd

Waaree Renewab. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Waaree Renewables Technologies Ltd

₹ 1,994 -0.46%
03 Jul 10:48 a.m.
waaree.com BSE: 534618
About

Incorporated in 1999, Waaree Renewables Technologies Ltd is engaged in the business of generation of power through renewable energy sources and also provides consultancy services in this regard. [1] Waaree Energy is one of the largest vertically integrated new energy companies. It has India's largest Solar panel manufacturing capacity of 12GW at its plants in Chikhli, Surat and Umbergaon in Gujarat.

Key Points

Services
The Company has a renewable energy business with a focus on Solar PV, the primary focus being Solar Pumps, Solar Park, Captive Consumption, Floating Solar, and Rooftop Solar. It provides floating solar solutions, rooftop solar solutions and ground-mounted solar project EPC solutions. [1][2][3][4]
The company is the #1 Indian Module manufacturer

Website BSE
  • Market Cap ₹ 20,767 Cr.
  • Current Price ₹ 1,994
  • High / Low ₹ 3,038 / 215
  • Stock P/E 139
  • Book Value ₹ 24.9
  • Dividend Yield 0.01 %
  • ROCE 107 %
  • ROE 80.3 %
  • Face Value ₹ 2.00
Edit ratios

Pros

  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 244% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 73.8%
  • Company's median sales growth is 123% of last 10 years

Cons

  • Stock is trading at 80.4 times its book value
  • Company has high debtors of 156 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Infrastructure Developers & Operators Industry: Engineering - Turnkey Services

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
6 26 10 43 74 92 118 72 60 127 148 322 271
3 24 12 41 64 82 108 38 39 113 122 236 198
Operating Profit 3 2 -1 2 10 10 10 34 21 14 26 86 73
OPM % 51% 9% -13% 5% 13% 11% 9% 48% 35% 11% 17% 27% 27%
1 1 11 1 1 1 1 1 1 2 2 2 2
Interest 1 1 0 0 0 0 0 0 1 0 2 -1 3
Depreciation 0 0 0 0 0 0 0 0 0 0 1 1 1
Profit before tax 3 3 9 3 11 12 11 36 21 16 25 88 72
Tax % 10% 26% 12% 32% 25% 25% 25% 25% 26% 25% 27% 25% 26%
2 2 8 2 8 9 8 27 16 12 19 66 53
EPS in Rs 0.23 0.19 0.77 0.23 0.77 0.84 0.81 2.56 1.50 1.15 1.78 6.30 5.07
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0 0 0 0 0 1 5 2 8 154 342 867
0 0 0 0 0 2 3 2 5 140 266 668
Operating Profit 0 0 0 0 -0 -0 2 0 3 13 76 199
OPM % 33% 37% 38% 27% -15% -16% 50% 2% 36% 9% 22% 23%
0 0 0 0 0 1 1 3 4 14 5 8
Interest 0 0 0 0 0 0 2 3 4 1 1 4
Depreciation 0 0 0 0 0 0 0 0 0 0 0 3
Profit before tax 0 0 0 0 -0 0 1 -0 3 26 80 200
Tax % 27% 35% 25% 31% 0% 73% 65% 52% 12% 21% 26% 26%
0 0 0 0 -0 0 0 -0 2 20 59 149
EPS in Rs 0.02 0.02 0.02 0.02 -0.01 0.02 0.06 -0.02 0.22 1.96 5.71 14.30
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 5% 4% 0%
Compounded Sales Growth
10 Years: 111%
5 Years: 180%
3 Years: 385%
TTM: 154%
Compounded Profit Growth
10 Years: 104%
5 Years: 244%
3 Years: 299%
TTM: 151%
Stock Price CAGR
10 Years: 97%
5 Years: 259%
3 Years: 337%
1 Year: 782%
Return on Equity
10 Years: 56%
5 Years: 64%
3 Years: 74%
Last Year: 80%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 6 6 10 10 10 10 10 21 21 21 21 21
Reserves 3 4 0 0 0 0 1 10 12 31 91 239
0 0 0 0 0 0 36 37 37 0 0 10
0 0 0 0 0 2 1 1 13 80 143 427
Total Liabilities 9 10 10 10 10 12 48 68 83 132 254 696
0 0 0 0 0 4 4 3 3 3 9 94
CWIP 0 0 0 0 0 0 0 0 0 0 80 3
Investments 4 1 1 1 0 0 32 32 32 1 0 9
6 9 10 10 10 9 13 33 48 128 165 590
Total Assets 9 10 10 10 10 12 48 68 83 132 254 696

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-5 -4 -0 -0 -2 0 5 3 3 34 58 118
0 3 0 0 1 -3 -31 3 -8 19 -66 -115
5 1 0 0 1 2 27 -6 5 -39 -2 4
Net Cash Flow 0 -0 0 -0 0 -0 0 0 0 13 -10 6

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 23 74 46 0 0 115 209 4 118 107 65 156
Inventory Days
Days Payable
Cash Conversion Cycle 23 74 46 0 0 115 209 4 118 107 65 156
Working Capital Days 4,007 6,682 10,460 7,140 9,111 -303 224 59 1,640 25 11 25
ROCE % 2% 2% 1% 1% -0% 5% 11% 5% 9% 45% 99%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
74.51% 74.51% 74.51% 74.51% 74.51% 74.51% 74.51% 74.51% 74.51% 74.48% 74.46% 74.46%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.20%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.09% 0.01%
25.49% 25.49% 25.49% 25.49% 25.49% 25.48% 25.49% 25.48% 25.49% 25.51% 25.43% 25.33%
No. of Shareholders 2,5613,5245,6888,0218,0378,8149,97211,12014,69824,84428,98586,482

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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