Waaree Renewables Technologies Ltd

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

Waaree Renewables Technologies Ltd

₹ 1,314 -4.24%
23 Dec 4:01 p.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

Part of the Waaree Group
The company is a subsidiary company of Waaree Group and spearheading the Solar EPC business. Waaree Group is a leading renewable energy company that caters to Individual, Industrial, and Commercial customers. The Group has installed 10,000+ solar projects with cumulative installation for over 1.9+ GW. [1]

Website BSE
  • Market Cap ₹ 13,699 Cr.
  • Current Price ₹ 1,314
  • High / Low ₹ 3,038 / 355
  • Stock P/E 68.8
  • Book Value ₹ 30.7
  • Dividend Yield 0.08 %
  • ROCE 107 %
  • ROE 80.2 %
  • Face Value ₹ 2.00
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Pros

  • 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 42.8 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: Power Infrastructure Industry: Engineering - Turnkey Services

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
10 43 74 92 118 72 60 129 150 322 273 236 524
12 41 64 82 108 38 39 116 119 236 198 195 453
Operating Profit -1 2 10 10 10 34 21 13 31 86 75 41 72
OPM % -13% 5% 13% 11% 9% 48% 35% 10% 20% 27% 28% 17% 14%
11 1 1 1 1 1 1 1 1 2 2 3 3
Interest 0 0 0 0 0 0 1 1 2 -1 4 3 4
Depreciation 0 0 0 0 0 0 0 1 2 1 2 2 2
Profit before tax 9 3 11 12 11 36 21 12 28 88 72 40 69
Tax % 12% 32% 25% 25% 25% 25% 26% 26% 25% 25% 29% 28% 23%
8 2 8 9 8 27 16 9 21 66 51 28 54
EPS in Rs 0.77 0.23 0.77 0.84 0.81 2.56 1.50 0.88 1.98 6.30 4.93 2.73 5.14
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 TTM
0 0 0 0 0 1 5 2 8 154 342 867 1,356
0 0 0 0 0 2 3 2 5 140 266 668 1,082
Operating Profit 0 0 0 0 -0 -0 2 0 3 13 76 199 274
OPM % 33% 37% 38% 27% -15% -16% 50% 2% 36% 9% 22% 23% 20%
0 0 0 0 0 1 1 3 4 14 5 8 10
Interest 0 0 0 0 0 0 2 3 4 1 1 4 10
Depreciation 0 0 0 0 0 0 0 0 0 0 0 3 6
Profit before tax 0 0 0 0 -0 0 1 -0 3 26 80 200 269
Tax % 27% 35% 25% 31% 0% 73% 65% -52% 12% 21% 26% 26%
0 0 0 0 -0 0 0 -0 2 20 59 149 199
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 19.10
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 5% 4% 7%
Compounded Sales Growth
10 Years: 111%
5 Years: 180%
3 Years: 385%
TTM: 230%
Compounded Profit Growth
10 Years: 104%
5 Years: 244%
3 Years: 299%
TTM: 176%
Stock Price CAGR
10 Years: 89%
5 Years: 239%
3 Years: 181%
1 Year: 267%
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 Sep 2024
Equity Capital 6 6 10 10 10 10 10 21 21 21 21 21 21
Reserves 3 4 0 0 0 0 1 10 12 31 91 239 299
0 0 0 0 0 0 36 37 37 0 0 10 32
0 0 0 0 0 2 1 1 13 80 143 427 653
Total Liabilities 9 10 10 10 10 12 48 68 83 132 254 696 1,005
0 0 0 0 0 4 4 3 3 3 9 94 155
CWIP 0 0 0 0 0 0 0 0 0 0 80 3 2
Investments 4 1 1 1 0 0 32 32 32 1 0 9 1
6 9 10 10 10 9 13 33 48 128 165 590 846
Total Assets 9 10 10 10 10 12 48 68 83 132 254 696 1,005

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 44 5 53 17
Days Payable 260 159 111 168
Cash Conversion Cycle 23 74 46 0 0 115 209 4 -98 -47 7 5
Working Capital Days 4,007 6,682 10,460 7,140 9,111 -303 224 59 1,640 25 11 22
ROCE % 2% 2% 1% 1% -0% 5% 11% 5% 9% 45% 99% 107%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
74.51% 74.51% 74.51% 74.51% 74.51% 74.51% 74.51% 74.48% 74.46% 74.46% 74.46% 74.44%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.20% 0.83% 0.98%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.09% 0.01% 0.01% 0.00%
25.49% 25.49% 25.49% 25.48% 25.49% 25.48% 25.49% 25.51% 25.43% 25.33% 24.69% 24.58%
No. of Shareholders 5,6888,0218,0378,8149,97211,12014,69824,84428,98586,4821,85,3402,20,702

* 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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