Waaree Renewables Technologies Ltd
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.
- Market Cap ₹ 20,819 Cr.
- Current Price ₹ 1,999
- High / Low ₹ 3,038 / 215
- Stock P/E 141
- Book Value ₹ 22.3
- Dividend Yield 0.01 %
- ROCE 103 %
- ROE 93.3 %
- Face Value ₹ 2.00
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 145% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 87.3%
Cons
- Stock is trading at 89.8 times its book value
- Company has high debtors of 155 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|
2 | 7 | 6 | 13 | 162 | 351 | 876 | |
2 | 4 | 5 | 6 | 138 | 267 | 669 | |
Operating Profit | 0 | 3 | 1 | 7 | 24 | 84 | 207 |
OPM % | 25% | 45% | 15% | 54% | 15% | 24% | 24% |
0 | 1 | 1 | 2 | 8 | 2 | 3 | |
Interest | 0 | 2 | 3 | 4 | 7 | 5 | 7 |
Depreciation | 0 | 1 | 1 | 2 | 4 | 3 | 5 |
Profit before tax | 0 | 1 | -3 | 3 | 21 | 77 | 198 |
Tax % | 79% | 334% | -26% | 170% | 58% | 28% | 25% |
0 | -2 | -3 | -2 | 9 | 55 | 148 | |
EPS in Rs | 0.02 | -0.38 | -0.31 | -0.23 | 0.83 | 5.32 | 14.22 |
Dividend Payout % | 0% | 0% | 0% | 0% | 12% | 4% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 162% |
3 Years: | 307% |
TTM: | 150% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 145% |
3 Years: | 303% |
TTM: | 169% |
Stock Price CAGR | |
---|---|
10 Years: | 97% |
5 Years: | 259% |
3 Years: | 337% |
1 Year: | 782% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 73% |
3 Years: | 87% |
Last Year: | 93% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|
Equity Capital | 10 | 10 | 21 | 21 | 21 | 21 | 21 |
Reserves | 0 | -1 | 5 | 1 | 9 | 64 | 211 |
0 | 37 | 40 | 117 | 42 | 39 | 41 | |
5 | 48 | 56 | 62 | 96 | 159 | 441 | |
Total Liabilities | 16 | 95 | 122 | 202 | 168 | 283 | 714 |
4 | 32 | 30 | 155 | 73 | 74 | 157 | |
CWIP | 4 | 3 | 41 | 2 | 1 | 80 | 3 |
Investments | 0 | 0 | 0 | 30 | 1 | 0 | 9 |
8 | 59 | 50 | 16 | 93 | 128 | 545 | |
Total Assets | 16 | 95 | 122 | 202 | 168 | 283 | 714 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|
0 | -7 | 51 | -2 | 43 | 65 | 127 | |
0 | -28 | -38 | -105 | 9 | -66 | -114 | |
0 | 35 | 14 | 81 | -40 | -9 | -6 | |
Net Cash Flow | 0 | 0 | 27 | -26 | 12 | -10 | 6 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|
Debtor Days | 74 | 214 | 87 | 174 | 105 | 64 | 155 |
Inventory Days | |||||||
Days Payable | |||||||
Cash Conversion Cycle | 74 | 214 | 87 | 174 | 105 | 64 | 155 |
Working Capital Days | -804 | -513 | -860 | -381 | -71 | -33 | 5 |
ROCE % | 7% | 2% | 6% | 23% | 84% |
Documents
Announcements
- Closure of Trading Window 28 Jun
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
26 Jun - Received LOA for turnkey EPC Works of 1.090 MWp DC floating solar project.
- Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirement) Regulations, 2015 - Completion Of Tenure Of Independent Director 19 Jun
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Announcement under Regulation 30 (LODR)-Change in Directorate
19 Jun - Appointment of Ms. Ambika Sharma as an Additional Director in the category of (Non-Executive, Independent Director) of the Company with effect from Thursday, June 20, …
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
31 May - Received LOA for EPC Works for Solar power project of 26.4 MWp capacity on turnkey basis.
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Concalls
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May 2024Transcript PPT
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT REC
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Jun 2023Transcript PPT REC
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Feb 2023TranscriptNotesPPT
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Feb 2022TranscriptNotesPPT
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