Waa Solar Ltd

About [ edit ]

Waa Solar mainly engaged in solar power generation by setting up Solar Power Project and by investing in Special Purpose Vehicle ("SPV") associate and subsidiaries companies which are engaged in solar power generation activities. Our company is planning to commence the Engineering, Procurement and Construction ("EPC") in solar project.

  • Market Cap 57.2 Cr.
  • Current Price 43.2
  • High / Low 57.0 / 7.78
  • Stock P/E 31.3
  • Book Value 122
  • Dividend Yield 0.00 %
  • ROCE 6.17 %
  • ROE 1.18 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Stock is trading at 0.35 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -6.21% over past five years.
  • Company has a low return on equity of 2.56% for last 3 years.
  • Contingent liabilities of Rs.219.81 Cr.
  • Promoters have pledged 73.05% of their holding.
  • Earnings include an other income of Rs.21.36 Cr.
  • Debtor days have increased from 47.03 to 81.57 days.
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Operating Profit
OPM %
Other Income
Interest
Depreciation
Profit before tax
Tax %
Net Profit
EPS in Rs

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
66 64 52 51 79 48
20 22 8 9 19 19
Operating Profit 46 42 44 42 61 29
OPM % 69% 66% 85% 82% 76% 61%
Other Income 1 1 1 3 6 21
Interest 20 21 21 21 26 18
Depreciation 15 16 24 18 33 20
Profit before tax 11 6 -1 5 7 13
Tax % 1% 1% -20% 20% 47% 19%
Net Profit 11 6 -1 4 4 11
EPS in Rs 283.75 120.60 -26.60 3.79 3.14 8.36
Dividend Payout % 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years:%
5 Years:-6%
3 Years:-3%
TTM:-40%
Compounded Profit Growth
10 Years:%
5 Years:-31%
3 Years:50%
TTM:-56%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:%
1 Year:428%
Return on Equity
10 Years:%
5 Years:3%
3 Years:3%
Last Year:1%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
0 0 0 5 7 7
Reserves 81 109 64 113 142 155
Borrowings 329 179 173 188 235 149
36 10 12 15 77 31
Total Liabilities 447 298 249 320 460 342
396 257 191 226 204 104
CWIP 0 0 4 1 71 46
Investments 1 26 36 43 81 77
50 15 19 51 104 115
Total Assets 447 298 249 320 460 342

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
47 52 42 40 106 25
-194 98 -18 -34 -133 76
124 -151 -24 -6 63 -106
Net Cash Flow -23 -0 0 1 36 -6

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 8% 8% 10% 9% 6%
Debtor Days 13 12 14 45 15 82
Inventory Turnover 0.12 1.95 1.90 0.00 0.81

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Mar 2019 Sep 2019 Mar 2020 Sep 2020 Mar 2021
69.85 69.85 69.85 69.85 69.85 69.85 69.81
30.15 30.15 30.15 30.15 30.15 30.15 30.19

Documents