Waaree Renewables Technologies Ltd

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

Waaree Renewables Technologies Ltd

₹ 1,466 4.95%
22 Nov - close price
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 ₹ 15,280 Cr.
  • Current Price ₹ 1,466
  • High / Low ₹ 3,038 / 268
  • Stock P/E 77.4
  • Book Value ₹ 30.6
  • Dividend Yield 0.07 %
  • ROCE 103 %
  • ROE 93.3 %
  • Face Value ₹ 2.00
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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 87.4%

Cons

  • Stock is trading at 48.0 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: Power Infrastructure Industry: Engineering - Turnkey Services

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
11 45 77 95 121 74 61 129 150 324 273 236 524
8 41 64 82 108 38 39 116 122 236 198 195 453
Operating Profit 3 4 12 13 13 36 22 13 28 88 75 41 72
OPM % 28% 10% 16% 14% 10% 48% 36% 10% 19% 27% 28% 17% 14%
7 0 0 1 0 0 0 1 1 0 2 3 3
Interest 2 1 1 1 1 1 2 1 2 0 4 3 4
Depreciation 1 1 1 1 1 1 1 1 1 2 2 2 2
Profit before tax 8 3 11 12 11 34 20 12 25 87 72 39 69
Tax % 48% 92% 37% 16% 27% 27% 37% 27% 27% 26% 29% 28% 23%
4 0 7 10 8 25 12 9 18 64 51 28 54
EPS in Rs 0.41 0.02 0.65 0.96 0.78 2.41 1.18 0.88 1.76 6.19 4.93 2.72 5.14
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
2 7 6 13 162 351 876 1,358
2 4 5 6 138 267 669 1,083
Operating Profit 0 3 1 7 24 84 207 276
OPM % 25% 45% 15% 54% 15% 24% 24% 20%
0 1 1 2 8 2 3 9
Interest 0 2 3 4 7 5 7 11
Depreciation 0 1 1 2 4 3 5 7
Profit before tax 0 1 -3 3 21 77 198 267
Tax % 79% 334% 26% 170% 58% 28% 25%
0 -2 -3 -2 9 55 148 197
EPS in Rs 0.02 -0.38 -0.31 -0.23 0.85 5.32 14.22 18.98
Dividend Payout % 0% 0% 0% 0% 12% 4% 7%
Compounded Sales Growth
10 Years: %
5 Years: 162%
3 Years: 307%
TTM: 228%
Compounded Profit Growth
10 Years: %
5 Years: 145%
3 Years: 301%
TTM: 205%
Stock Price CAGR
10 Years: 91%
5 Years: 268%
3 Years: 226%
1 Year: 439%
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 Sep 2024
Equity Capital 10 10 21 21 21 21 21 21
Reserves 0 -1 5 1 9 64 211 298
0 37 40 125 42 39 41 32
5 48 56 55 96 159 441 653
Total Liabilities 16 95 122 203 168 283 714 1,004
4 32 30 155 73 74 156 158
CWIP 4 3 41 2 1 80 3 2
Investments 0 0 0 30 1 0 9 1
8 59 50 17 93 128 545 842
Total Assets 16 95 122 203 168 283 714 1,004

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 -114 9 -66 -114
0 35 14 86 -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 87 131 105 64 155
Inventory Days 44 5 53 17
Days Payable 578 164 108 168
Cash Conversion Cycle 74 214 87 -403 -54 9 3
Working Capital Days -804 -513 -860 -144 -71 -33 1
ROCE % 7% 2% 6% 22% 84% 103%

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

Announcements

Annual reports

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