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 ₹ 15,146 Cr.
- Current Price ₹ 1,453
- High / Low ₹ 3,038 / 285
- Stock P/E 76.0
- Book Value ₹ 30.7
- Dividend Yield 0.07 %
- ROCE 107 %
- ROE 80.2 %
- Face Value ₹ 2.00
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 244% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 73.8%
- Company's median sales growth is 123% of last 10 years
Cons
- Stock is trading at 47.5 times its book value
- Company has high debtors of 156 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
Quarterly 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 | TTM | |
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0 | 0 | 0 | 0 | 0 | 1 | 5 | 2 | 8 | 154 | 342 | 867 | 1,356 | |
0 | 0 | 0 | 0 | 0 | 2 | 3 | 2 | 5 | 140 | 266 | 668 | 1,082 | |
Operating Profit | 0 | 0 | 0 | 0 | -0 | -0 | 2 | 0 | 3 | 13 | 76 | 199 | 274 |
OPM % | 33% | 37% | 38% | 27% | -15% | -16% | 50% | 2% | 36% | 9% | 22% | 23% | 20% |
0 | 0 | 0 | 0 | 0 | 1 | 1 | 3 | 4 | 14 | 5 | 8 | 10 | |
Interest | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 3 | 4 | 1 | 1 | 4 | 10 |
Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 6 |
Profit before tax | 0 | 0 | 0 | 0 | -0 | 0 | 1 | -0 | 3 | 26 | 80 | 200 | 269 |
Tax % | 27% | 35% | 25% | 31% | 0% | 73% | 65% | -52% | 12% | 21% | 26% | 26% | |
0 | 0 | 0 | 0 | -0 | 0 | 0 | -0 | 2 | 20 | 59 | 149 | 199 | |
EPS in Rs | 0.02 | 0.02 | 0.02 | 0.02 | -0.01 | 0.02 | 0.06 | -0.02 | 0.22 | 1.96 | 5.71 | 14.30 | 19.10 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 5% | 4% | 7% |
Compounded Sales Growth | |
---|---|
10 Years: | 111% |
5 Years: | 180% |
3 Years: | 385% |
TTM: | 230% |
Compounded Profit Growth | |
---|---|
10 Years: | 104% |
5 Years: | 244% |
3 Years: | 299% |
TTM: | 176% |
Stock Price CAGR | |
---|---|
10 Years: | 91% |
5 Years: | 247% |
3 Years: | 204% |
1 Year: | 400% |
Return on Equity | |
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10 Years: | 56% |
5 Years: | 64% |
3 Years: | 74% |
Last Year: | 80% |
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 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 6 | 6 | 10 | 10 | 10 | 10 | 10 | 21 | 21 | 21 | 21 | 21 | 21 |
Reserves | 3 | 4 | 0 | 0 | 0 | 0 | 1 | 10 | 12 | 31 | 91 | 239 | 299 |
0 | 0 | 0 | 0 | 0 | 0 | 36 | 37 | 37 | 0 | 0 | 10 | 32 | |
0 | 0 | 0 | 0 | 0 | 2 | 1 | 1 | 13 | 80 | 143 | 427 | 653 | |
Total Liabilities | 9 | 10 | 10 | 10 | 10 | 12 | 48 | 68 | 83 | 132 | 254 | 696 | 1,005 |
0 | 0 | 0 | 0 | 0 | 4 | 4 | 3 | 3 | 3 | 9 | 94 | 155 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 80 | 3 | 2 |
Investments | 4 | 1 | 1 | 1 | 0 | 0 | 32 | 32 | 32 | 1 | 0 | 9 | 1 |
6 | 9 | 10 | 10 | 10 | 9 | 13 | 33 | 48 | 128 | 165 | 590 | 846 | |
Total Assets | 9 | 10 | 10 | 10 | 10 | 12 | 48 | 68 | 83 | 132 | 254 | 696 | 1,005 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-5 | -4 | -0 | -0 | -2 | 0 | 5 | 3 | 3 | 34 | 58 | 118 | |
0 | 3 | 0 | 0 | 1 | -3 | -31 | 3 | -8 | 19 | -66 | -115 | |
5 | 1 | 0 | 0 | 1 | 2 | 27 | -6 | 5 | -39 | -2 | 4 | |
Net Cash Flow | 0 | -0 | 0 | -0 | 0 | -0 | 0 | 0 | 0 | 13 | -10 | 6 |
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 | 23 | 74 | 46 | 0 | 0 | 115 | 209 | 4 | 118 | 107 | 65 | 156 |
Inventory Days | 44 | 5 | 53 | 17 | ||||||||
Days Payable | 260 | 159 | 111 | 168 | ||||||||
Cash Conversion Cycle | 23 | 74 | 46 | 0 | 0 | 115 | 209 | 4 | -98 | -47 | 7 | 5 |
Working Capital Days | 4,007 | 6,682 | 10,460 | 7,140 | 9,111 | -303 | 224 | 59 | 1,640 | 25 | 11 | 22 |
ROCE % | 2% | 2% | 1% | 1% | -0% | 5% | 11% | 5% | 9% | 45% | 99% | 107% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
27 Nov - Received Term Sheet for 2012.47 MWp Solar PV project.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
18 Nov - Schedule of analyst meetings on November 22, 2024.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
12 Nov - Transcript of Q2 FY '25 earnings conference call.
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Setting Up Of 41.6 MW DC Capacity Independent Power Procedure (IPP) Plant Under IPP Segment
11 Nov - Setting up 41.6 MW solar power project in Tamil Nadu.
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Announcement under Regulation 30 (LODR)-Credit Rating
7 Nov - India Ratings assigned IND A-/Stable rating for bank loan.
Annual reports
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Financial Year 2024
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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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Nov 2024Transcript PPT
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Aug 2024TranscriptPPTREC
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Aug 2024TranscriptNotesPPT REC
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Jul 2024TranscriptNotesPPT
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May 2024Transcript PPT REC
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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
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Nov 2014TranscriptNotesPPTREC
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]