Waa Solar Ltd
Incorporated in 2009, Waa Solar Ltd is in
the business of solar power generation
and its transmission[1]
- Market Cap ₹ 236 Cr.
- Current Price ₹ 178
- High / Low ₹ 208 / 35.8
- Stock P/E 22.0
- Book Value ₹ 138
- Dividend Yield 0.00 %
- ROCE 6.73 %
- ROE 5.59 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company has delivered good profit growth of 21.5% 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 -0.82% over past five years.
- Company has a low return on equity of 4.17% 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
Half Yearly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 27 | 31 | 66 | 64 | 52 | 51 | 79 | 48 | 44 | 46 | 49 | 47 | |
| 1 | 6 | 20 | 22 | 8 | 9 | 19 | 19 | 7 | 11 | 13 | 11 | |
| Operating Profit | 26 | 25 | 46 | 42 | 44 | 42 | 61 | 29 | 37 | 35 | 35 | 36 |
| OPM % | 97% | 82% | 69% | 66% | 85% | 82% | 76% | 61% | 84% | 77% | 73% | 76% |
| 0 | 2 | 1 | 1 | 1 | 3 | 6 | 21 | 1 | 1 | 1 | 1 | |
| Interest | 9 | 13 | 20 | 21 | 21 | 21 | 26 | 18 | 15 | 12 | 10 | 9 |
| Depreciation | 9 | 9 | 15 | 16 | 24 | 18 | 33 | 20 | 16 | 16 | 16 | 16 |
| Profit before tax | 8 | 5 | 11 | 6 | -1 | 5 | 7 | 13 | 7 | 8 | 10 | 12 |
| Tax % | 0% | 0% | 1% | 1% | -20% | 20% | 47% | 19% | 39% | 24% | 18% | |
| 8 | 5 | 11 | 6 | -1 | 4 | 4 | 11 | 4 | 8 | 10 | 12 | |
| EPS in Rs | 207.00 | 134.50 | 283.75 | 120.60 | -26.60 | 3.79 | 3.14 | 8.36 | 3.05 | 5.47 | 7.42 | 8.11 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | -1% |
| 3 Years: | 1% |
| TTM: | -7% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 2% |
| 5 Years: | 22% |
| 3 Years: | 75% |
| TTM: | 52% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 56% |
| 3 Years: | 48% |
| 1 Year: | 398% |
| Return on Equity | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | 3% |
| 3 Years: | 4% |
| Last Year: | 6% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 0 | 0 | 0 | 0 | 5 | 7 | 7 | 7 | 13 | 13 | 13 |
| Reserves | 65 | 70 | 81 | 109 | 64 | 113 | 142 | 155 | 158 | 159 | 167 | 170 |
| 108 | 182 | 329 | 179 | 173 | 188 | 235 | 149 | 135 | 115 | 94 | 85 | |
| 0 | 28 | 36 | 10 | 12 | 15 | 77 | 31 | 22 | 23 | 25 | 31 | |
| Total Liabilities | 173 | 280 | 447 | 298 | 249 | 320 | 460 | 342 | 322 | 310 | 298 | 299 |
| 145 | 198 | 396 | 257 | 191 | 226 | 204 | 150 | 138 | 122 | 107 | 98 | |
| CWIP | 0 | 16 | 0 | 0 | 4 | 1 | 71 | 0 | 0 | 0 | 0 | 0 |
| Investments | 16 | 3 | 1 | 26 | 36 | 43 | 81 | 77 | 82 | 87 | 88 | 86 |
| 12 | 63 | 50 | 15 | 19 | 51 | 104 | 115 | 101 | 101 | 104 | 115 | |
| Total Assets | 173 | 280 | 447 | 298 | 249 | 320 | 460 | 342 | 322 | 310 | 298 | 299 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 47 | 52 | 42 | 40 | 106 | 25 | 34 | 31 | 38 | |||
| -194 | 98 | -18 | -34 | -133 | 76 | -18 | 1 | -3 | |||
| 124 | -151 | -24 | -6 | 63 | -106 | -39 | -31 | -31 | |||
| Net Cash Flow | -23 | -0 | 0 | 1 | 36 | -6 | -23 | 1 | 5 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 29 | 13 | 12 | 14 | 45 | 15 | 82 | 90 | 106 | 91 |
| Inventory Days | |||||||||||
| Days Payable | |||||||||||
| Cash Conversion Cycle | 0 | 29 | 13 | 12 | 14 | 45 | 15 | 82 | 90 | 106 | 91 |
| Working Capital Days | 129 | 172 | 122 | 53 | -31 | 188 | -22 | 409 | 521 | 646 | 589 |
| ROCE % | 8% | 9% | 7% | 8% | 9% | 9% | 6% | 7% | 6% | 7% |
Documents
Announcements
- Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2 11h
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 11h
- Compliances - Certificate Under Regulation 7(3) Of SEBI (LODR) Regulations, 2015 For The Year Ended On March 31, 2024. 11 Apr
-
Compliances - Certificate Under Regulation 40(9) Of SEBI (LODR) Regulations, 2015
11 Apr - Certificate under Regulation 40(9) & 40(10) of SEBI (LODR) Regulations, 2015 for the year ended on March 31, 2024.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
8 Apr - Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the Quarter ended on March 31, 2024.
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