Waaree Renewables Technologies Ltd

₹ 494 0.05%
31 Jan - close price
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]

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]

  • Market Cap 1,029 Cr.
  • Current Price 494
  • High / Low 558 / 278
  • Stock P/E 41.2
  • Book Value 22.7
  • Dividend Yield 0.10 %
  • ROCE 26.4 %
  • ROE 33.6 %
  • Face Value 10.0

Pros

  • Company has reduced debt.

Cons

  • Stock is trading at 21.8 times its book value
  • Company has a low return on equity of 5.34% over last 3 years.

* 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
1.24 1.79 0.76 0.91 0.94 2.72 8.40 28.19 11.30 45.35 76.66 95.03 120.56
0.64 1.09 2.97 0.50 0.29 1.92 3.26 24.62 8.19 41.02 64.16 81.98 107.95
Operating Profit 0.60 0.70 -2.21 0.41 0.65 0.80 5.14 3.57 3.11 4.33 12.50 13.05 12.61
OPM % 48.39% 39.11% -290.79% 45.05% 69.15% 29.41% 61.19% 12.66% 27.52% 9.55% 16.31% 13.73% 10.46%
0.22 0.61 0.65 0.55 0.65 0.67 0.57 0.33 7.39 0.22 0.38 0.60 0.43
Interest 0.89 0.84 0.47 0.85 0.93 0.98 1.59 2.91 1.54 1.14 1.35 1.06 1.11
Depreciation 0.28 0.27 0.25 0.27 0.33 0.35 0.75 1.40 0.76 0.76 0.76 0.73 0.74
Profit before tax -0.35 0.20 -2.28 -0.16 0.04 0.14 3.37 -0.41 8.20 2.65 10.77 11.86 11.19
Tax % 11.43% 180.00% -16.23% -318.75% 1,550.00% 442.86% 119.29% -490.24% 47.56% 91.70% 36.86% 16.27% 27.08%
Net Profit -0.31 -0.17 -2.65 -0.68 -0.57 -0.47 -0.65 -2.43 4.30 0.22 6.79 9.93 8.16
EPS in Rs -0.15 -0.08 -1.27 -0.33 -0.27 -0.36 -0.49 -1.31 2.07 0.12 3.25 4.80 3.89
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
2 7 6 13 162 338
2 4 5 6 138 295
Operating Profit 0 3 1 7 24 42
OPM % 25% 45% 15% 54% 15% 13%
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 36
Tax % 79% 334% -26% 170% 58%
Net Profit 0 -2 -3 -2 9 25
EPS in Rs 0.09 -1.91 -1.53 -1.14 4.27 12.06
Dividend Payout % 0% 0% 0% 0% 12%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 184%
TTM: 567%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 92%
TTM: 3233%
Stock Price CAGR
10 Years: 42%
5 Years: 61%
3 Years: 224%
1 Year: 26%
Return on Equity
10 Years: %
5 Years: %
3 Years: 5%
Last Year: 34%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
10 10 21 21 21 21
Reserves 0 -1 5 1 9 26
0 37 40 117 42 40
5 48 56 62 96 122
Total Liabilities 16 95 122 202 168 210
4 32 30 155 73 70
CWIP 4 3 41 2 1 0
Investments 0 0 0 30 1 0
8 59 50 16 93 140
Total Assets 16 95 122 202 168 210

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
0 -7 51 -2 43
0 -28 -38 -105 9
0 35 14 81 -40
Net Cash Flow 0 0 27 -26 12

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 74 214 87 174 105
Inventory Days
Days Payable
Cash Conversion Cycle 74 214 87 174 105
Working Capital Days -804 -513 -860 -381 -71
ROCE % 10% 3% 8% 26%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
71.52 72.06 72.33 72.33 74.27 74.51 74.51 74.51 74.51 74.51 74.51 74.51
0.72 0.72 0.72 0.72 0.32 0.00 0.00 0.00 0.00 0.00 0.00 0.00
27.76 27.21 26.95 26.95 25.40 25.49 25.49 25.49 25.49 25.49 25.48 25.49

* 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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