Waaree Renewables Technologies Ltd

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

Waaree Renewables Technologies Ltd

₹ 2,480 -5.00%
30 Apr - 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

Services
The Company has a renewable energy business with a focus on Solar PV, the primary focus being Solar Pumps, Solar Park, Captive Consumption, Floating Solar, and Rooftop Solar. It provides floating solar solutions, rooftop solar solutions and ground-mounted solar project EPC solutions. [1][2][3][4]
The company is the #1 Indian Module manufacturer

Website BSE
  • Market Cap ₹ 25,834 Cr.
  • Current Price ₹ 2,480
  • High / Low ₹ 3,038 / 157
  • Stock P/E 231
  • Book Value ₹ 13.5
  • Dividend Yield 0.01 %
  • ROCE 98.8 %
  • ROE 72.5 %
  • Face Value ₹ 2.00
Edit ratios

Pros

  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 246% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 52.6%
  • Debtor days have improved from 96.9 to 65.4 days.
  • Company's median sales growth is 50.0% of last 10 years
  • Company's working capital requirements have reduced from 559 days to 10.7 days

Cons

  • Stock is trading at 184 times its book value

* 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: Infrastructure Developers & Operators Industry: Engineering - Turnkey Services

Edit Columns
Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
2 6 26 10 43 74 92 118 72 60 127 148 322
2 3 24 12 41 64 82 108 38 39 113 122 236
Operating Profit 0 3 2 -1 2 10 10 10 34 21 14 26 86
OPM % 12% 51% 9% -13% 5% 13% 11% 9% 48% 35% 11% 17% 27%
1 1 1 11 1 1 1 1 1 1 2 2 2
Interest 1 1 1 0 0 0 0 0 0 1 0 2 -1
Depreciation 0 0 0 0 0 0 0 0 0 0 0 1 1
Profit before tax 0 3 3 9 3 11 12 11 36 21 16 25 88
Tax % 6% 10% 26% 12% 32% 25% 25% 25% 25% 26% 25% 27% 25%
0 2 2 8 2 8 9 8 27 16 12 19 66
EPS in Rs 0.02 0.23 0.19 0.77 0.23 0.77 0.84 0.81 2.56 1.50 1.15 1.78 6.30
Raw PDF
Upcoming result date: 10 May 2024

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
1 0 0 0 0 0 1 5 2 8 154 342 656
0 0 0 0 0 0 2 3 2 5 140 266 509
Operating Profit 0 0 0 0 0 -0 -0 2 0 3 13 76 147
OPM % 43% 33% 37% 38% 27% -15% -16% 50% 2% 36% 9% 22% 22%
0 0 0 0 0 0 1 1 3 4 14 5 7
Interest 0 0 0 0 0 0 0 2 3 4 1 1 2
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 2
Profit before tax 0 0 0 0 0 -0 0 1 -0 3 26 80 150
Tax % 23% 27% 35% 25% 31% 0% 73% 65% 52% 12% 21% 26%
0 0 0 0 0 -0 0 0 -0 2 20 59 112
EPS in Rs 0.07 0.02 0.02 0.02 0.02 -0.01 0.02 0.06 -0.02 0.22 1.96 5.71 10.73
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 5% 4%
Compounded Sales Growth
10 Years: 93%
5 Years: 205%
3 Years: 457%
TTM: 85%
Compounded Profit Growth
10 Years: 89%
5 Years: 246%
3 Years: 472%
TTM: 116%
Stock Price CAGR
10 Years: 99%
5 Years: 269%
3 Years: 481%
1 Year: 1214%
Return on Equity
10 Years: 35%
5 Years: 44%
3 Years: 53%
Last Year: 72%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 4 6 6 10 10 10 10 10 21 21 21 21 21
Reserves 1 3 4 0 0 0 0 1 10 12 31 91 119
0 0 0 0 0 0 0 36 37 37 0 0 6
0 0 0 0 0 0 2 1 1 13 80 143 259
Total Liabilities 4 9 10 10 10 10 12 48 68 83 132 254 405
0 0 0 0 0 0 4 4 3 3 3 9 91
CWIP 0 0 0 0 0 0 0 0 0 0 0 80 0
Investments 4 4 1 1 1 0 0 32 32 32 1 0 0
1 6 9 10 10 10 9 13 33 48 128 165 314
Total Assets 4 9 10 10 10 10 12 48 68 83 132 254 405

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-2 -5 -4 -0 -0 -2 0 5 3 3 34 58
1 0 3 0 0 1 -3 -31 3 -8 19 -66
0 5 1 0 0 1 2 27 -6 5 -39 -2
Net Cash Flow 0 0 -0 0 -0 0 -0 0 0 0 13 -10

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 120 23 74 46 0 0 115 209 4 118 107 65
Inventory Days
Days Payable
Cash Conversion Cycle 120 23 74 46 0 0 115 209 4 118 107 65
Working Capital Days 302 4,007 6,682 10,460 7,140 9,111 -303 224 59 1,640 25 11
ROCE % 7% 2% 2% 1% 1% -0% 5% 11% 5% 9% 45% 99%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
74.51% 74.51% 74.51% 74.51% 74.51% 74.51% 74.51% 74.51% 74.51% 74.48% 74.46% 74.46%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.20%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.09% 0.01%
25.49% 25.49% 25.49% 25.49% 25.49% 25.48% 25.49% 25.48% 25.49% 25.51% 25.43% 25.33%
No. of Shareholders 2,5613,5245,6888,0218,0378,8149,97211,12014,69824,84428,98586,482

* 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.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

Concalls