Waa Solar Ltd

Waa Solar Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Waa Solar Ltd

₹ 140 2.09%
19 Apr 4:01 p.m.
waasolar.org BSE: 541445
About

Incorporated in 2009, Waa Solar Ltd is in
the business of solar power generation
and its transmission[1]

Key Points

Business Overview:[1]
WSL is a subsidiary of Madhav Power Pvt. Ltd which operates in Renewable Energy, Infrastructure and real estate sector. It does solar power generation by setting up Solar Power Project and by investing in Special Purpose Vehicle companies which are engaged in solar power generation activities. Company is planning to commence Engineering, Procurement and Construction in solar project

Website BSE
  • Market Cap ₹ 185 Cr.
  • Current Price ₹ 140
  • High / Low ₹ 208 / 35.7
  • Stock P/E 28.4
  • Book Value ₹ 137
  • Dividend Yield 0.00 %
  • ROCE 5.74 %
  • ROE 3.72 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Stock is trading at 1.02 times its book value
  • Company has delivered good profit growth of 18.7% CAGR over last 5 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -1.29%
  • The company has delivered a poor sales growth of 0.94% over past five years.
  • Company has a low return on equity of 2.90% over last 3 years.
  • Promoters have pledged 74.5% of their holding.

* 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

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Half Yearly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Sep 2019 Mar 2020 Sep 2020 Mar 2021 Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023
13.33 12.52 12.47 11.99 12.44 11.09 12.43 13.38 12.43 12.02
1.69 1.36 4.80 1.26 1.67 1.56 1.65 2.73 2.06 1.95
Operating Profit 11.64 11.16 7.67 10.73 10.77 9.53 10.78 10.65 10.37 10.07
OPM % 87.32% 89.14% 61.51% 89.49% 86.58% 85.93% 86.73% 79.60% 83.43% 83.78%
3.10 0.99 10.25 0.57 0.43 0.17 0.36 0.17 0.21 0.30
Interest 4.73 4.41 4.18 4.67 3.22 2.96 2.73 2.42 2.30 1.92
Depreciation 4.72 4.72 4.29 4.51 4.51 4.48 4.48 4.38 4.41 4.39
Profit before tax 5.29 3.02 9.45 2.12 3.47 2.26 3.93 4.02 3.87 4.06
Tax % 25.33% 15.56% 18.10% 17.45% 55.33% 17.70% 21.88% 17.41% 18.09% 17.49%
3.95 2.55 7.74 1.75 1.56 1.87 3.08 3.32 3.17 3.34
EPS in Rs 2.97 1.92 5.82 1.32 1.17 1.41 2.32 2.50 2.39 2.52
Raw PDF

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
7.06 27.50 26.70 53.66 46.02 25.63 24.37 25.07 24.69 24.16 23.27 25.54 24.45
0.28 1.16 1.41 19.75 19.33 1.52 3.25 2.28 5.87 2.66 2.96 4.52 4.01
Operating Profit 6.78 26.34 25.29 33.91 26.69 24.11 21.12 22.79 18.82 21.50 20.31 21.02 20.44
OPM % 96.03% 95.78% 94.72% 63.19% 58.00% 94.07% 86.66% 90.91% 76.23% 88.99% 87.28% 82.30% 83.60%
0.19 0.24 2.31 0.60 0.88 0.44 2.31 3.65 11.24 1.00 0.53 0.38 0.51
Interest 2.50 9.01 12.81 13.44 11.79 10.84 10.58 9.50 8.58 7.89 5.69 4.72 4.22
Depreciation 4.32 9.28 9.41 9.43 9.44 13.56 9.44 9.44 9.01 9.01 8.95 8.78 8.80
Profit before tax 0.15 8.29 5.38 11.64 6.34 0.15 3.41 7.50 12.47 5.60 6.20 7.90 7.93
Tax % 20.00% 0.00% 0.00% 0.95% 0.00% 0.00% 19.35% 29.47% 17.48% 40.89% 20.32% 17.85%
0.12 8.28 5.38 11.53 6.34 0.15 2.75 5.29 10.29 3.31 4.94 6.49 6.51
EPS in Rs 3.00 207.00 134.50 288.25 126.80 3.00 2.81 3.98 7.74 2.49 3.72 4.89 4.91
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: -1%
5 Years: 1%
3 Years: 1%
TTM: -5%
Compounded Profit Growth
10 Years: -2%
5 Years: 19%
3 Years: 96%
TTM: 2%
Stock Price CAGR
10 Years: %
5 Years: 53%
3 Years: 41%
1 Year: 277%
Return on Equity
10 Years: 4%
5 Years: 2%
3 Years: 3%
Last Year: 4%

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 0.19 0.19 0.19 0.19 0.27 0.27 4.88 6.63 6.63 6.63 13.27 13.27 13.27
Reserves 53.94 64.54 69.92 81.45 109.32 71.12 111.63 142.97 156.56 159.87 158.18 164.67 168.01
91.56 94.05 109.93 122.20 88.27 86.00 95.65 83.01 73.31 62.27 51.01 39.34 36.81
8.58 0.31 1.09 14.98 0.21 0.33 2.99 38.48 5.99 3.84 3.22 3.29 9.67
Total Liabilities 154.27 159.09 181.13 218.82 198.07 157.72 215.15 271.09 242.49 232.61 225.68 220.57 227.76
148.82 144.35 136.19 126.80 117.36 65.45 98.49 89.08 76.44 67.43 58.47 50.15 44.88
CWIP 0.00 0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.00 2.32 30.53 81.45 68.79 81.45 87.75 136.73 99.43 113.77 117.62 117.65 117.65
5.45 12.40 14.41 10.57 11.92 10.82 28.91 45.28 66.62 51.41 49.59 52.77 65.23
Total Assets 154.27 159.09 181.13 218.82 198.07 157.72 215.15 271.09 242.49 232.61 225.68 220.57 227.76

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
15.15 46.92 10.28 22.37 8.63 66.46 22.17 17.65 17.50 21.55
-147.15 -50.68 12.80 -12.59 -5.89 -47.51 2.52 -22.09 -0.42 0.24
132.71 -1.16 -24.12 -9.95 -2.10 5.66 -19.74 -19.49 -16.95 -16.40
Net Cash Flow 0.70 -4.92 -1.03 -0.17 0.64 24.61 4.94 -23.94 0.13 5.40

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 0.00 0.00 34.18 15.78 0.95 0.14 0.45 1.02 0.74 0.00 6.43 0.71
Inventory Days 0.00
Days Payable
Cash Conversion Cycle 0.00 0.00 34.18 15.78 0.95 0.14 0.45 1.02 0.74 0.00 6.43 0.71
Working Capital Days -565.08 33.45 -64.52 -119.10 -2.93 24.92 231.10 -412.03 282.80 444.77 613.30 526.21
ROCE % 3.50% 11.36% 10.74% 13.07% 9.03% 6.19% 7.57% 6.74% 4.95% 5.80% 5.27% 5.74%

Shareholding Pattern

Numbers in percentages

22 Recently
Sep 2018Mar 2019Sep 2019Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024
69.85% 69.85% 69.85% 69.85% 69.85% 69.81% 69.81% 69.81% 69.81% 69.81% 69.75% 68.46%
30.15% 30.15% 30.15% 30.15% 30.15% 30.19% 30.19% 30.19% 30.19% 30.19% 30.26% 31.54%
No. of Shareholders 3303273183223343274831,0461,0871,0601,0981,469

Documents

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