Waa Solar Ltd

Waa Solar Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Waa Solar Ltd

₹ 124 -0.52%
22 Nov 10:14 a.m.
waasolar.org BSE - SME: 541445
About

Incorporated in 2009, Waa Solar Ltd is in
the business of solar power generation
and its transmission[1]

Key Points

Business Overview:[1]
WSL is a subsidiary of Madhav Power Pvt. Ltd which operates in Renewable Energy, Infrastructure and real estate sector. It does solar power generation by setting up Solar Power Project and by investing in Special Purpose Vehicle companies which are engaged in solar power generation activities. Company is planning to commence Engineering, Procurement and Construction in solar project

Website BSE
  • Market Cap ₹ 164 Cr.
  • Current Price ₹ 124
  • High / Low ₹ 262 / 69.6
  • Stock P/E 126
  • Book Value ₹ 136
  • Dividend Yield 0.00 %
  • ROCE 3.76 %
  • ROE 3.66 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Stock is trading at 0.92 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -0.61%
  • The company has delivered a poor sales growth of -19.8% over past five years.
  • Company has a low return on equity of 4.51% over last 3 years.
  • Contingent liabilities of Rs.190 Cr.
  • Promoters have pledged 75.2% of their holding.
  • Company has high debtors of 179 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 Generation & Distribution Industry: Power Generation And Supply

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Half Yearly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Sep 2019 Mar 2020 Sep 2020 Mar 2021 Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023 Mar 2024 Sep 2024
41.34 31.29 16.94 21.39 22.77 21.33 24.67 25.68 23.36 23.65 3.04 14.38
10.42 4.04 15.19 3.07 4.48 3.80 7.00 9.19 4.43 6.64 1.88 9.68
Operating Profit 30.92 27.25 1.75 18.32 18.29 17.53 17.67 16.49 18.93 17.01 1.16 4.70
OPM % 74.79% 87.09% 10.33% 85.65% 80.32% 82.18% 71.63% 64.21% 81.04% 71.92% 38.16% 32.68%
5.09 2.10 19.27 0.70 0.58 0.54 0.52 0.28 0.37 0.45 0.22 0.61
Interest 13.04 12.29 6.01 8.31 6.67 6.11 5.71 5.12 4.93 4.28 -0.27 2.24
Depreciation 18.09 13.70 5.85 8.24 8.15 8.06 8.07 7.96 7.99 7.98 1.00 4.50
Profit before tax 4.88 3.36 9.16 2.47 4.05 3.90 4.41 3.69 6.38 5.20 0.65 -1.43
Tax % 30.33% 22.32% 17.58% 18.22% 51.11% 17.18% 30.61% 19.51% 15.99% 16.15% 72.31% 0.00%
2.81 2.67 8.59 2.10 2.20 4.21 3.53 3.60 6.81 5.04 1.59 -0.29
EPS in Rs 2.17 1.92 6.45 1.49 1.56 2.84 2.63 2.87 4.57 3.54 1.46 -0.22
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
27.26 31.00 65.97 63.59 51.67 50.78 79.34 47.88 43.84 45.72 48.74 26.40 17.42
0.92 5.71 20.34 21.81 7.95 9.07 18.82 18.83 7.21 10.51 13.30 8.11 11.56
Operating Profit 26.34 25.29 45.63 41.78 43.72 41.71 60.52 29.05 36.63 35.21 35.44 18.29 5.86
OPM % 96.63% 81.58% 69.17% 65.70% 84.61% 82.14% 76.28% 60.67% 83.55% 77.01% 72.71% 69.28% 33.64%
0.24 2.31 0.60 1.06 0.73 2.63 5.79 21.33 1.25 1.06 0.65 0.55 0.83
Interest 9.01 12.81 19.90 20.68 21.38 21.43 26.43 18.31 14.97 11.82 10.06 4.01 1.97
Depreciation 9.28 9.41 14.85 15.96 24.08 18.04 33.02 19.56 16.39 16.13 15.96 8.98 5.50
Profit before tax 8.29 5.38 11.48 6.20 -1.01 4.87 6.86 12.51 6.52 8.32 10.07 5.85 -0.78
Tax % 0.00% 0.00% 1.13% 1.13% 19.80% 19.51% 46.65% 18.94% 38.65% 24.28% 17.58% 22.39%
8.28 5.38 11.35 6.12 -1.21 3.92 3.79 11.25 4.30 7.73 10.38 6.63 1.30
EPS in Rs 207.00 134.50 283.75 120.60 -26.60 3.79 3.14 8.36 3.05 5.47 7.42 5.00 1.24
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -2%
5 Years: -20%
3 Years: -16%
TTM: -63%
Compounded Profit Growth
10 Years: 2%
5 Years: 30%
3 Years: 18%
TTM: -88%
Stock Price CAGR
10 Years: %
5 Years: 56%
3 Years: 62%
1 Year: 67%
Return on Equity
10 Years: 4%
5 Years: 4%
3 Years: 5%
Last Year: 4%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 0.19 0.19 0.19 0.27 0.27 4.88 6.63 6.63 6.63 13.27 13.27 13.27 13.27
Reserves 64.54 69.92 81.27 108.75 63.74 112.62 142.25 154.93 158.20 158.83 166.94 168.89 166.51
107.55 182.35 329.43 179.08 173.06 187.70 234.89 149.23 134.89 114.92 93.50 50.81 62.01
0.33 27.84 35.92 10.07 12.40 14.88 76.73 30.88 22.13 23.27 24.79 1.61 9.88
Total Liabilities 172.61 280.30 446.81 298.17 249.47 320.08 460.50 341.67 321.85 310.29 298.50 234.58 251.67
144.61 198.00 396.31 257.45 190.93 225.81 204.14 104.21 138.22 122.09 106.60 44.40 39.93
CWIP 0.02 15.93 0.00 0.00 3.53 0.51 71.14 45.88 0.00 0.00 0.00 0.27 29.05
Investments 15.62 3.20 0.70 25.81 36.45 42.75 80.99 76.72 82.15 87.43 87.82 99.31 97.56
12.36 63.17 49.80 14.91 18.56 51.01 104.23 114.86 101.48 100.77 104.08 90.60 85.13
Total Assets 172.61 280.30 446.81 298.17 249.47 320.08 460.50 341.67 321.85 310.29 298.50 234.58 251.67

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
47.36 52.30 42.40 40.35 106.26 24.57 33.96 31.00 36.86 16.54
-194.44 98.12 -18.16 -33.98 -132.52 75.69 -18.28 1.41 -1.29 49.87
124.44 -150.75 -24.20 -5.58 62.55 -105.83 -38.52 -31.15 -30.92 -66.94
Net Cash Flow -22.64 -0.34 0.04 0.79 36.30 -5.58 -22.84 1.27 4.65 -0.53

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 0.00 29.44 12.84 11.94 14.27 45.00 14.54 81.57 90.00 105.86 90.91 178.77
Inventory Days 576.08
Days Payable 369.40
Cash Conversion Cycle 0.00 29.44 12.84 11.94 14.27 45.00 14.54 81.57 90.00 105.86 90.91 385.45
Working Capital Days 128.94 171.90 121.67 52.52 -30.94 187.53 -22.27 408.53 521.19 646.01 588.84 948.45
ROCE % 8.42% 9.14% 7.43% 7.51% 9.40% 8.55% 5.70% 6.59% 6.46% 6.73% 3.76%

Shareholding Pattern

Numbers in percentages

Mar 2019Sep 2019Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024Sep 2024
69.85% 69.85% 69.85% 69.85% 69.81% 69.81% 69.81% 69.81% 69.81% 69.75% 68.46% 67.85%
30.15% 30.15% 30.15% 30.15% 30.19% 30.19% 30.19% 30.19% 30.19% 30.26% 31.54% 32.15%
No. of Shareholders 3273183223343274831,0461,0871,0601,0981,4692,278

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