Waa Solar Ltd
Incorporated in 2009, Waa Solar Ltd is in
the business of solar power generation
and its transmission[1]
- Market Cap ₹ 172 Cr.
- Current Price ₹ 130
- High / Low ₹ 262 / 86.0
- Stock P/E 133
- Book Value ₹ 136
- Dividend Yield 0.00 %
- ROCE 3.76 %
- ROE 3.66 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Stock is trading at 0.96 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -0.61%
- The company has delivered a poor sales growth of -19.8% over past five years.
- Company has a low return on equity of 4.51% over last 3 years.
- Contingent liabilities of Rs.190 Cr.
- Promoters have pledged 75.2% of their holding.
- Company has high debtors of 179 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: 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 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
27.26 | 31.00 | 65.97 | 63.59 | 51.67 | 50.78 | 79.34 | 47.88 | 43.84 | 45.72 | 48.74 | 26.40 | 17.42 | |
0.92 | 5.71 | 20.34 | 21.81 | 7.95 | 9.07 | 18.82 | 18.83 | 7.21 | 10.51 | 13.30 | 8.11 | 11.56 | |
Operating Profit | 26.34 | 25.29 | 45.63 | 41.78 | 43.72 | 41.71 | 60.52 | 29.05 | 36.63 | 35.21 | 35.44 | 18.29 | 5.86 |
OPM % | 96.63% | 81.58% | 69.17% | 65.70% | 84.61% | 82.14% | 76.28% | 60.67% | 83.55% | 77.01% | 72.71% | 69.28% | 33.64% |
0.24 | 2.31 | 0.60 | 1.06 | 0.73 | 2.63 | 5.79 | 21.33 | 1.25 | 1.06 | 0.65 | 0.55 | 0.83 | |
Interest | 9.01 | 12.81 | 19.90 | 20.68 | 21.38 | 21.43 | 26.43 | 18.31 | 14.97 | 11.82 | 10.06 | 4.01 | 1.97 |
Depreciation | 9.28 | 9.41 | 14.85 | 15.96 | 24.08 | 18.04 | 33.02 | 19.56 | 16.39 | 16.13 | 15.96 | 8.98 | 5.50 |
Profit before tax | 8.29 | 5.38 | 11.48 | 6.20 | -1.01 | 4.87 | 6.86 | 12.51 | 6.52 | 8.32 | 10.07 | 5.85 | -0.78 |
Tax % | 0.00% | 0.00% | 1.13% | 1.13% | 19.80% | 19.51% | 46.65% | 18.94% | 38.65% | 24.28% | 17.58% | 22.39% | |
8.28 | 5.38 | 11.35 | 6.12 | -1.21 | 3.92 | 3.79 | 11.25 | 4.30 | 7.73 | 10.38 | 6.63 | 1.30 | |
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 | 5.00 | 1.24 |
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: | -2% |
5 Years: | -20% |
3 Years: | -16% |
TTM: | -63% |
Compounded Profit Growth | |
---|---|
10 Years: | 2% |
5 Years: | 30% |
3 Years: | 18% |
TTM: | -88% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 64% |
3 Years: | 67% |
1 Year: | 29% |
Return on Equity | |
---|---|
10 Years: | 4% |
5 Years: | 4% |
3 Years: | 5% |
Last Year: | 4% |
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 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 0.19 | 0.19 | 0.19 | 0.27 | 0.27 | 4.88 | 6.63 | 6.63 | 6.63 | 13.27 | 13.27 | 13.27 | 13.27 |
Reserves | 64.54 | 69.92 | 81.27 | 108.75 | 63.74 | 112.62 | 142.25 | 154.93 | 158.20 | 158.83 | 166.94 | 168.89 | 166.51 |
107.55 | 182.35 | 329.43 | 179.08 | 173.06 | 187.70 | 234.89 | 149.23 | 134.89 | 114.92 | 93.50 | 50.81 | 62.01 | |
0.33 | 27.84 | 35.92 | 10.07 | 12.40 | 14.88 | 76.73 | 30.88 | 22.13 | 23.27 | 24.79 | 1.61 | 9.88 | |
Total Liabilities | 172.61 | 280.30 | 446.81 | 298.17 | 249.47 | 320.08 | 460.50 | 341.67 | 321.85 | 310.29 | 298.50 | 234.58 | 251.67 |
144.61 | 198.00 | 396.31 | 257.45 | 190.93 | 225.81 | 204.14 | 104.21 | 138.22 | 122.09 | 106.60 | 44.40 | 39.93 | |
CWIP | 0.02 | 15.93 | 0.00 | 0.00 | 3.53 | 0.51 | 71.14 | 45.88 | 0.00 | 0.00 | 0.00 | 0.27 | 29.05 |
Investments | 15.62 | 3.20 | 0.70 | 25.81 | 36.45 | 42.75 | 80.99 | 76.72 | 82.15 | 87.43 | 87.82 | 99.31 | 97.56 |
12.36 | 63.17 | 49.80 | 14.91 | 18.56 | 51.01 | 104.23 | 114.86 | 101.48 | 100.77 | 104.08 | 90.60 | 85.13 | |
Total Assets | 172.61 | 280.30 | 446.81 | 298.17 | 249.47 | 320.08 | 460.50 | 341.67 | 321.85 | 310.29 | 298.50 | 234.58 | 251.67 |
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 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
47.36 | 52.30 | 42.40 | 40.35 | 106.26 | 24.57 | 33.96 | 31.00 | 36.86 | 16.54 | |||
-194.44 | 98.12 | -18.16 | -33.98 | -132.52 | 75.69 | -18.28 | 1.41 | -1.29 | 49.87 | |||
124.44 | -150.75 | -24.20 | -5.58 | 62.55 | -105.83 | -38.52 | -31.15 | -30.92 | -66.94 | |||
Net Cash Flow | -22.64 | -0.34 | 0.04 | 0.79 | 36.30 | -5.58 | -22.84 | 1.27 | 4.65 | -0.53 |
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 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 0.00 | 29.44 | 12.84 | 11.94 | 14.27 | 45.00 | 14.54 | 81.57 | 90.00 | 105.86 | 90.91 | 178.77 |
Inventory Days | 576.08 | |||||||||||
Days Payable | 369.40 | |||||||||||
Cash Conversion Cycle | 0.00 | 29.44 | 12.84 | 11.94 | 14.27 | 45.00 | 14.54 | 81.57 | 90.00 | 105.86 | 90.91 | 385.45 |
Working Capital Days | 128.94 | 171.90 | 121.67 | 52.52 | -30.94 | 187.53 | -22.27 | 408.53 | 521.19 | 646.01 | 588.84 | 948.45 |
ROCE % | 8.42% | 9.14% | 7.43% | 7.51% | 9.40% | 8.55% | 5.70% | 6.59% | 6.46% | 6.73% | 3.76% |
Documents
Announcements
-
Board Meeting Outcome for Outcome Of Board Meeting Pursuant To Regulation 30 Of The SEBI (LODR) Regulations, 2015 {"Listing Regulations").
22 Nov - Approval for rights issue to raise Rs. 49 Crore.
-
Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of Association
21 Nov - Increase in Authorised Share Capital to Rs. 18 Crore.
- Closure of Trading Window 15 Nov
-
Board Meeting Intimation for Issue Of Equity Shares On Right Issue Basis To The Existing Shareholders Of The Company.
15 Nov - Board meeting to approve equity shares on rights issue.
- Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 11 Nov
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