Waaree Technologies Ltd
Incorporated in 2013, Waaree Technologies Ltd trades e-vehicles, batteries, lithium batteries and artificial intelligence based products & services[1]
- Market Cap ₹ 318 Cr.
- Current Price ₹ 295
- High / Low ₹ 2,099 / 247
- Stock P/E
- Book Value ₹ -1.77
- Dividend Yield 0.00 %
- ROCE -34.5 %
- ROE -151 %
- Face Value ₹ 10.0
Pros
Cons
- Company has low interest coverage ratio.
- Company has a low return on equity of -61.9% over last 3 years.
- Working capital days have increased from 142 days to 304 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: Auto Ancillaries Industry: Auto Ancillaries
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
3.37 | 4.20 | 4.95 | 4.76 | 6.78 | 1.47 | -0.76 | 0.00 | 13.13 | 29.40 | 28.55 | 10.24 | |
3.31 | 4.04 | 4.87 | 4.61 | 6.71 | 1.66 | -0.54 | 0.28 | 13.19 | 30.45 | 36.40 | 15.71 | |
Operating Profit | 0.06 | 0.16 | 0.08 | 0.15 | 0.07 | -0.19 | -0.22 | -0.28 | -0.06 | -1.05 | -7.85 | -5.47 |
OPM % | 1.78% | 3.81% | 1.62% | 3.15% | 1.03% | -12.93% | -0.46% | -3.57% | -27.50% | -53.42% | ||
0.00 | 0.03 | 0.11 | 0.04 | 0.06 | 0.14 | 0.10 | 0.05 | 0.36 | 0.32 | 0.36 | 0.22 | |
Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.05 | 0.01 | 0.00 | 0.04 | 0.07 | 0.23 | 0.09 |
Depreciation | 0.03 | 0.03 | 0.04 | 0.04 | 0.03 | 0.00 | 0.01 | 0.00 | 0.00 | 0.68 | 2.18 | 2.19 |
Profit before tax | 0.03 | 0.16 | 0.15 | 0.15 | 0.09 | -0.10 | -0.14 | -0.23 | 0.26 | -1.48 | -9.90 | -7.53 |
Tax % | 33.33% | 31.25% | 33.33% | 33.33% | 33.33% | -20.00% | 0.00% | -39.13% | 26.92% | -26.35% | -24.14% | -24.97% |
0.02 | 0.11 | 0.10 | 0.11 | 0.05 | -0.08 | -0.14 | -0.14 | 0.19 | -1.09 | -7.50 | -5.65 | |
EPS in Rs | 0.11 | 0.58 | 0.27 | 0.30 | 0.14 | -0.22 | -0.38 | -0.38 | 0.18 | -1.01 | -6.97 | -5.25 |
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: | 9% |
5 Years: | % |
3 Years: | -8% |
TTM: | -64% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | 25% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 38% |
1 Year: | -85% |
Return on Equity | |
---|---|
10 Years: | -27% |
5 Years: | -41% |
3 Years: | -62% |
Last Year: | -151% |
Balance Sheet
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 1.36 | 1.36 | 2.63 | 2.63 | 2.63 | 2.63 | 2.63 | 3.68 | 10.77 | 10.77 | 10.77 | 10.77 |
Reserves | 0.17 | 0.21 | 1.22 | 1.33 | 1.38 | 1.30 | 1.16 | -0.03 | 1.56 | 0.47 | -7.03 | -12.68 |
0.10 | 0.00 | 0.00 | 0.00 | 0.29 | 0.38 | 0.00 | 0.15 | 0.00 | 3.05 | 17.85 | 17.66 | |
0.33 | 0.60 | 0.69 | 0.22 | 0.09 | 0.02 | 0.03 | 0.04 | 0.14 | 18.63 | 3.21 | 3.75 | |
Total Liabilities | 1.96 | 2.17 | 4.54 | 4.18 | 4.39 | 4.33 | 3.82 | 3.84 | 12.47 | 32.92 | 24.80 | 19.50 |
0.19 | 0.16 | 0.19 | 0.15 | 0.00 | 0.01 | 0.01 | 0.00 | 0.00 | 7.47 | 5.77 | 3.95 | |
CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.75 | 0.21 | 0.21 |
Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.15 | 0.20 | 0.20 | 0.20 | 0.20 |
1.77 | 2.01 | 4.35 | 4.03 | 4.39 | 4.32 | 3.81 | 3.69 | 12.27 | 24.50 | 18.62 | 15.14 | |
Total Assets | 1.96 | 2.17 | 4.54 | 4.18 | 4.39 | 4.33 | 3.82 | 3.84 | 12.47 | 32.92 | 24.80 | 19.50 |
Cash Flows
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-0.97 | 0.67 | -0.85 | -1.06 | -1.50 | 0.10 | 0.09 | 3.24 | -10.49 | 9.15 | -15.12 | -1.74 | |
0.00 | 0.00 | 0.04 | 0.04 | 0.15 | 0.01 | 0.09 | -0.10 | 0.13 | -8.87 | 0.22 | -0.23 | |
1.06 | -0.06 | 2.17 | 0.00 | 0.28 | 0.04 | -0.38 | 0.15 | 8.30 | 3.01 | 14.57 | -0.27 | |
Net Cash Flow | 0.09 | 0.60 | 1.37 | -1.02 | -1.08 | 0.14 | -0.20 | 3.29 | -2.06 | 3.29 | -0.32 | -2.25 |
Ratios
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 138.64 | 54.75 | 109.87 | 73.61 | 121.67 | 245.82 | 0.00 | 246.58 | 3.72 | 2.68 | ||
Inventory Days | 26.24 | 48.34 | 50.63 | 178.14 | 35.44 | 0.00 | 2.33 | 170.93 | 74.28 | |||
Days Payable | 34.59 | 47.35 | 51.44 | 14.52 | 0.59 | 2.91 | 29.90 | 10.03 | ||||
Cash Conversion Cycle | 130.29 | 55.74 | 109.05 | 237.23 | 156.51 | 245.82 | 0.00 | 245.99 | 144.76 | 66.93 | ||
Working Capital Days | 133.22 | 51.27 | 107.66 | 201.67 | 227.18 | 1,005.61 | 1,800.99 | 301.34 | 12.17 | 109.18 | ||
ROCE % | 2.76% | 10.00% | 5.54% | 3.84% | 2.91% | -1.16% | -3.21% | -6.06% | 3.72% | -10.59% | -53.90% |
Documents
Announcements
-
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
2d - Waaree Technologies confirms non-applicability as Large Corporate per SEBI circulars for FY ended March 31, 2025.
-
Announcement under Regulation 30 (LODR)-Change in Management
24 Apr - Waaree reports FY25 loss, approves MD re-appointment, auditor gives unmodified opinion.
-
Announcement under Regulation 30 (LODR)-Change in Directorate
24 Apr - Waaree approved FY25 audited results showing net loss; MD re-appointed for 3 years from May 2025.
- Financial Results For Half Year And Year Ended March 31, 2025 24 Apr
-
Board Meeting Outcome for Outcome Of Board Meeting Held On April 24, 2025
24 Apr - Approved FY25 audited results with net loss; re-appointed MD for 3 years subject to shareholder approval.
Business Overview:[1]
WTS is a high tech energy storage division of the Waaree group. It is a Cell to System Technology company offering premium quality energy storage solutions for renewable energy applications and Electric Utilities, solar
energy electricals storage systems.