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]
- Market Cap ₹ 1,793 Cr.
- Current Price ₹ 862
- High / Low ₹ 1,022 / 281
- Stock P/E 32.4
- Book Value ₹ 40.9
- Dividend Yield 0.06 %
- ROCE 84.1 %
- ROE 96.2 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 261% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 57.3%
- Debtor days have improved from 114 to 63.8 days.
Cons
- Stock is trading at 21.1 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: Power Generation & Distribution Industry: Power Generation And Supply
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|
| 2 | 7 | 6 | 13 | 162 | 351 | |
| 2 | 4 | 5 | 6 | 138 | 267 | |
| Operating Profit | 0 | 3 | 1 | 7 | 24 | 84 |
| OPM % | 25% | 45% | 15% | 54% | 15% | 24% |
| 0 | 1 | 1 | 2 | 8 | 2 | |
| Interest | 0 | 2 | 3 | 4 | 7 | 5 |
| Depreciation | 0 | 1 | 1 | 2 | 4 | 3 |
| Profit before tax | 0 | 1 | -3 | 3 | 21 | 77 |
| Tax % | 79% | 334% | -26% | 170% | 58% | 28% |
| Net Profit | 0 | -2 | -3 | -2 | 9 | 55 |
| EPS in Rs | 0.09 | -1.91 | -1.53 | -1.14 | 4.27 | 26.63 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 12% | 4% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 180% |
| 3 Years: | 295% |
| TTM: | 117% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 261% |
| 3 Years: | 179% |
| TTM: | 531% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 51% |
| 5 Years: | 107% |
| 3 Years: | 336% |
| 1 Year: | 165% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 42% |
| 3 Years: | 57% |
| Last Year: | 96% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|
| 10 | 10 | 21 | 21 | 21 | 21 | |
| Reserves | 0 | -1 | 5 | 1 | 9 | 64 |
| 0 | 37 | 40 | 117 | 42 | 39 | |
| 5 | 48 | 56 | 62 | 96 | 159 | |
| Total Liabilities | 16 | 95 | 122 | 202 | 168 | 283 |
| 4 | 32 | 30 | 155 | 73 | 74 | |
| CWIP | 4 | 3 | 41 | 2 | 1 | 80 |
| Investments | 0 | 0 | 0 | 30 | 1 | 0 |
| 8 | 59 | 50 | 16 | 93 | 128 | |
| Total Assets | 16 | 95 | 122 | 202 | 168 | 283 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|
| 0 | -7 | 51 | -2 | 43 | 65 | |
| 0 | -28 | -38 | -105 | 9 | -66 | |
| 0 | 35 | 14 | 81 | -40 | -9 | |
| Net Cash Flow | 0 | 0 | 27 | -26 | 12 | -10 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|
| Debtor Days | 74 | 214 | 87 | 174 | 105 | 64 |
| Inventory Days | ||||||
| Days Payable | ||||||
| Cash Conversion Cycle | 74 | 214 | 87 | 174 | 105 | 64 |
| Working Capital Days | -804 | -513 | -860 | -381 | -71 | -33 |
| ROCE % | 10% | 3% | 8% | 26% | 84% |
Documents
Announcements
-
Compliances-Reg.24(A)-Annual Secretarial Compliance
12m - Secretarial Compliance Report for the financial year ended on March 31, 2023 Ref.: SEBI circular CIR/CFD/CMD1/27/2019 dated February 8, 2019.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
26 May - Newspaper Advertisement of Postal Ballot Notice and E-Voting
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 25 May
- Disclosure Of Related Party Transactions Pursuant To Regulations 23(9) Of The SEBI (LODR) Regulations, 2015 ('Listing Regulations') 23 May
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
22 May - Newspaper advertisement on the Audited Financial Results (Standalone and Consolidated) of Waaree Renewable Technologies Limited for the quarter and financial year ended March 31, 2023.
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]