Waa Solar Ltd
Incorporated in 2009, Waa Solar Ltd is in
the business of solar power generation
and its transmission[1]
- Market Cap ₹ 243 Cr.
- Current Price ₹ 183
- High / Low ₹ 262 / 44.4
- Stock P/E 55.3
- Book Value ₹ 137
- Dividend Yield 0.00 %
- ROCE 4.42 %
- ROE 2.47 %
- Face Value ₹ 10.0
Pros
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -1.29%
- The company has delivered a poor sales growth of 0.79% over past five years.
- Company has a low return on equity of 3.03% over last 3 years.
- Promoters have pledged 74.5% of their holding.
* 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
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
27.50 | 26.70 | 53.66 | 46.02 | 25.63 | 24.37 | 25.07 | 24.69 | 24.16 | 23.27 | 25.54 | 26.08 | |
1.16 | 1.41 | 19.75 | 19.33 | 1.52 | 3.25 | 2.28 | 5.87 | 2.66 | 2.96 | 4.52 | 8.34 | |
Operating Profit | 26.34 | 25.29 | 33.91 | 26.69 | 24.11 | 21.12 | 22.79 | 18.82 | 21.50 | 20.31 | 21.02 | 17.74 |
OPM % | 95.78% | 94.72% | 63.19% | 58.00% | 94.07% | 86.66% | 90.91% | 76.23% | 88.99% | 87.28% | 82.30% | 68.02% |
0.24 | 2.31 | 0.60 | 0.88 | 0.44 | 2.31 | 3.65 | 11.24 | 1.00 | 0.53 | 0.38 | 0.66 | |
Interest | 9.01 | 12.81 | 13.44 | 11.79 | 10.84 | 10.58 | 9.50 | 8.58 | 7.89 | 5.69 | 4.72 | 3.92 |
Depreciation | 9.28 | 9.41 | 9.43 | 9.44 | 13.56 | 9.44 | 9.44 | 9.01 | 9.01 | 8.95 | 8.78 | 8.79 |
Profit before tax | 8.29 | 5.38 | 11.64 | 6.34 | 0.15 | 3.41 | 7.50 | 12.47 | 5.60 | 6.20 | 7.90 | 5.69 |
Tax % | 0.00% | 0.00% | 0.95% | 0.00% | 0.00% | 19.35% | 29.47% | 17.48% | 40.89% | 20.32% | 17.85% | 22.50% |
8.28 | 5.38 | 11.53 | 6.34 | 0.15 | 2.75 | 5.29 | 10.29 | 3.31 | 4.94 | 6.49 | 4.40 | |
EPS in Rs | 207.00 | 134.50 | 288.25 | 126.80 | 3.00 | 2.81 | 3.98 | 7.74 | 2.49 | 3.72 | 4.89 | 3.32 |
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: | 0% |
5 Years: | 1% |
3 Years: | 3% |
TTM: | 2% |
Compounded Profit Growth | |
---|---|
10 Years: | -2% |
5 Years: | 6% |
3 Years: | 10% |
TTM: | -32% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 63% |
3 Years: | 67% |
1 Year: | 284% |
Return on Equity | |
---|---|
10 Years: | 3% |
5 Years: | 2% |
3 Years: | 3% |
Last Year: | 2% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
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 |
Reserves | 64.54 | 69.92 | 81.45 | 109.32 | 71.12 | 111.63 | 142.97 | 156.56 | 159.87 | 158.18 | 164.67 | 169.07 |
94.05 | 109.93 | 122.20 | 88.27 | 86.00 | 95.65 | 83.01 | 73.31 | 62.27 | 51.01 | 39.34 | 37.58 | |
0.31 | 1.09 | 14.98 | 0.21 | 0.33 | 2.99 | 38.48 | 5.99 | 3.84 | 3.22 | 3.29 | 2.71 | |
Total Liabilities | 159.09 | 181.13 | 218.82 | 198.07 | 157.72 | 215.15 | 271.09 | 242.49 | 232.61 | 225.68 | 220.57 | 222.63 |
144.35 | 136.19 | 126.80 | 117.36 | 65.45 | 98.49 | 89.08 | 76.44 | 67.43 | 58.47 | 50.15 | 40.59 | |
CWIP | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.27 |
Investments | 2.32 | 30.53 | 81.45 | 68.79 | 81.45 | 87.75 | 136.73 | 99.43 | 113.77 | 117.62 | 117.65 | 102.79 |
12.40 | 14.41 | 10.57 | 11.92 | 10.82 | 28.91 | 45.28 | 66.62 | 51.41 | 49.59 | 52.77 | 78.98 | |
Total Assets | 159.09 | 181.13 | 218.82 | 198.07 | 157.72 | 215.15 | 271.09 | 242.49 | 232.61 | 225.68 | 220.57 | 222.63 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
46.92 | 10.28 | 22.37 | 8.63 | 66.46 | 22.17 | 17.65 | 17.50 | 21.55 | 11.80 | |||
-50.68 | 12.80 | -12.59 | -5.89 | -47.51 | 2.52 | -22.09 | -0.42 | 0.24 | -0.25 | |||
-1.16 | -24.12 | -9.95 | -2.10 | 5.66 | -19.74 | -19.49 | -16.95 | -16.40 | -5.68 | |||
Net Cash Flow | -4.92 | -1.03 | -0.17 | 0.64 | 24.61 | 4.94 | -23.94 | 0.13 | 5.40 | 5.87 |
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 | 0.00 | 34.18 | 15.78 | 0.95 | 0.14 | 0.45 | 1.02 | 0.74 | 0.00 | 6.43 | 0.71 | |
Inventory Days | 0.00 | |||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 0.00 | 34.18 | 15.78 | 0.95 | 0.14 | 0.45 | 1.02 | 0.74 | 0.00 | 6.43 | 0.71 | |
Working Capital Days | 33.45 | -64.52 | -119.10 | -2.93 | 24.92 | 231.10 | -412.03 | 282.80 | 444.77 | 613.30 | 526.21 | |
ROCE % | 11.36% | 10.74% | 13.07% | 9.03% | 6.19% | 7.57% | 6.74% | 4.95% | 5.80% | 5.27% | 5.74% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Change in Management
13 May - Based on the recommendation of the Audit Committee, the Board of the Company has at it''s Meeting held today i.e. on 13th May, 2024, recommended …
- Submission Of Audited Financial Results Under The Regulation 33(3) Of The SEBI (LODR) Regulations, 2015. 13 May
- Board Meeting Outcome for Outcome Of Board Meeting Held Today, May 13, 2024. 13 May
- Board Meeting Intimation for Consideration, Approval & Take On Record The Standalone And Consolidated Audited Financial Results Of The Company For The Year Ended On March 31, 2024. 2 May
- Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2 26 Apr
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