Waaree Energies Ltd

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

Waaree Energies Ltd

₹ 2,879 -5.26%
20 Dec - close price
waaree.com BSE: 544277 NSE: WAAREEENER
About

Incorporated in December 1990, Waaree Energies Limited is an Indian manufacturer of solar PV modules with an aggregate installed capacity of 12 GW.[1]

Key Points

Market Leadership[1]
Waaree Energies is India’s largest manufacturer and exporter of solar modules. As of FY24, they hold 21% share of the domestic market for solar modules and 44% share in India's solar module exports. Its installed capacity surged from 2GW in FY21 to 13.3GW by FY24.

Website BSE NSE
  • Market Cap ₹ 82,719 Cr.
  • Current Price ₹ 2,879
  • High / Low ₹ 3,743 / 2,295
  • Stock P/E 92.5
  • Book Value ₹
  • Dividend Yield 0.00 %
  • ROCE 39.8 %
  • ROE 29.6 %
  • Face Value ₹ 10.0
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Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 31.2%

Cons

  • Earnings include an other income of Rs.581 Cr.

* 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: Capital Goods - Electrical Equipment Industry: Electric Equipment

Part of BSE IPO

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2023 Jun 2024 Sep 2024
3,369 3,190 3,169
2,885 2,671 2,695
Operating Profit 484 519 474
OPM % 14% 16% 15%
22 88 104
Interest 31 30 27
Depreciation 68 72 74
Profit before tax 407 504 477
Tax % 26% 26% 25%
302 372 357
EPS in Rs 15.31 18.86 13.57
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
2,027 1,993 2,771 6,533 10,718
1,933 1,913 2,683 5,771 9,343
Operating Profit 94 80 88 762 1,374
OPM % 5% 4% 3% 12% 13%
24 41 81 87 581
Interest 31 26 34 77 133
Depreciation 26 27 40 155 264
Profit before tax 61 68 96 618 1,558
Tax % 25% 26% 27% 25% 26%
45 50 70 460 1,148
EPS in Rs 2.30 2.55 3.53 23.34 58.25
Dividend Payout % 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 75%
TTM: 64%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 169%
TTM: 90%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: 31%
Last Year: 30%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 197 197 197 243 263 263
Reserves 106 154 231 1,700 3,840 4,573
116 165 321 240 334 785
437 593 1,290 5,151 6,237 7,346
Total Liabilities 856 1,109 2,039 7,333 10,674 12,968
0 126 548 920 1,012 1,116
CWIP 0 1 123 453 1,207 2,258
Investments 120 47 176 254 285 335
736 934 1,192 5,706 8,171 9,258
Total Assets 856 1,109 2,039 7,333 10,674 12,968

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
8 81 572 1,492 2,116
26 -151 -523 -2,241 -3,252
-50 76 66 872 960
Net Cash Flow -16 5 114 123 -176

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 29 21 10 18 27
Inventory Days 54 81 86 195 112
Days Payable 66 95 80 153 83
Cash Conversion Cycle 16 8 16 60 56
Working Capital Days 21 31 -66 -61 -32
ROCE % 19% 20% 48% 40%

Shareholding Pattern

Numbers in percentages

Oct 2024
64.31%
2.23%
3.02%
30.46%
No. of Shareholders 11,47,866

* 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

No data available.

Credit ratings

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