Waaree Renewables

₹1305.1 4.8 | 0.4%

WEBSITE BSE:534618 NSE : WAAREERTL 26 Dec, 16:01

Market Cap ₹13605 Cr.

Stock P/E 91.9

P/B 42.7

Current Price ₹1305.1

Book Value ₹ 30.6

Face Value 2

52W High ₹3037.8

Dividend Yield 0.08%

52W Low ₹ 355.2

Edit Ratio

Waaree Renewables Research see more...

Waaree Renewable shines among all green Stocks with an Upside of 558% in 1 year…

Overview Inc. Year: 1999Industry: Power Generation/Distribution

Waaree Renewable Technologies Ltd generates power in India. It generates electricity from solar power plants. The corporation also provides solar enterprise management consultancy offerings. It serves the economic, institutional, and industrial sectors. The business enterprise become previously referred to as Sangam Renewables Ltd and changed its name to Waaree Renewable Technologies Ltd in July 2021. The agency became included in 1999 and is based totally in Mumbai, India. Waaree Renewable Technologies Ltd is a subsidiary of Waaree Energies Ltd.

Waaree Renewables Share Price

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Peer Comparison

Waaree Renewables Quarterly Results

#(Fig in Cr.)	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Net Sales	95	121	74	61	129	150	324	273	236	524
Other Income	1	0	0	0	1	1	0	1	3	3
Total Income	96	121	74	62	130	151	325	275	239	528
Total Expenditure	82	108	38	39	116	119	236	198	195	453
Operating Profit	14	13	36	22	14	32	88	77	44	75
Interest	1	1	1	2	1	2	0	4	3	4
Depreciation	1	1	1	1	1	2	2	2	2	2
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	12	11	34	20	12	28	87	72	39	69
Provision for Tax	2	3	9	7	3	7	22	17	11	16
Profit After Tax	10	8	25	12	9	21	64	54	28	54
Adjustments	0	-0	0	0	0	0	0	0	0	0
Profit After Adjustments	10	8	25	12	9	21	64	54	28	54
Adjusted Earnings Per Share	1	0.8	2.4	1.2	0.9	2	6.2	5.2	2.7	5.1

Waaree Renewables Profit & Loss

#(Fig in Cr.)	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Net Sales	1	7	6	13	161	351	876	1357
Other Income	1	1	2	2	8	2	3	7
Total Income	2	8	7	15	170	352	880	1367
Total Expenditure	2	4	5	6	138	267	669	1082
Operating Profit	1	4	2	9	32	85	211	284
Interest	0	2	3	4	7	5	7	11
Depreciation	0	1	1	2	4	3	5	8
Exceptional Income / Expenses	0	0	0	0	0	0	0	0
Profit Before Tax	0	1	-3	3	21	77	198	267
Provision for Tax	0	3	1	6	12	22	50	66
Profit After Tax	0	-2	-3	-2	9	55	148	200
Adjustments	0	0	0	-1	-0	0	0	0
Profit After Adjustments	0	-2	-3	-4	9	55	148	200
Adjusted Earnings Per Share	0	-0.4	-0.3	-0.4	0.8	5.3	14.2	19.2

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	150%	307%	163%	0%
Operating Profit CAGR	148%	186%	121%	0%
PAT CAGR	169%	0%	0%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	259%	179%	235%	89%
ROE Average	94%	75%	39%	26%
ROCE Average	103%	71%	45%	34%

Waaree Renewables Balance Sheet

#(Fig in Cr.)	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Shareholder's Funds	10	9	26	22	30	85	232
Minority's Interest	0	30	31	32	-0	-0	-0
Borrowings	0	37	37	114	33	30	27
Other Non-Current Liabilities	0	3	4	9	14	16	23
Total Current Liabilities	5	15	25	25	91	151	432
Total Liabilities	16	95	122	202	168	283	714
Fixed Assets	4	32	30	155	73	74	156
Other Non-Current Assets	4	50	46	3	1	81	7
Total Current Assets	8	13	45	44	93	128	550
Total Assets	16	95	122	202	168	283	714

Waaree Renewables Cash Flow

#(Fig in Cr.)	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Opening Cash & Cash Equivalents	0	0	27	1	13	3
Cash Flow from Operating Activities	-7	51	-2	43	65	127
Cash Flow from Investing Activities	-28	-38	-105	9	-66	-114
Cash Flow from Financing Activities	35	14	81	-40	-9	-6
Net Cash Inflow / Outflow	0	27	-26	12	-10	6
Closing Cash & Cash Equivalent	0	27	1	13	3	10

Waaree Renewables Ratios

#	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Earnings Per Share (Rs)	0.02	-0.37	-0.31	-0.36	0.83	5.33	14.22
CEPS(Rs)	0.03	-0.23	-0.2	-0.07	1.21	5.6	14.74
DPS(Rs)	0	0	0	0	0.2	0.2	1
Book NAV/Share(Rs)	2.05	1.86	2.49	2.14	2.87	8.1	22.14
Core EBITDA Margin(%)	-17.4	45.11	6.66	53.84	14.56	23.86	23.64
EBIT Margin(%)	36.15	42.27	16.85	59.63	17.43	23.45	23.41
Pre Tax Margin(%)	29.69	11.66	-44.35	26.2	13.14	21.94	22.64
PAT Margin (%)	7.06	-27.2	-55.9	-18.24	5.51	15.77	16.89
Cash Profit Margin (%)	9.81	-16.58	-36.38	-5.21	7.78	16.61	17.51
ROA(%)	0.58	-3.46	-2.94	-1.46	4.8	24.57	29.71
ROE(%)	0.9	-19.55	-18	-9.81	34.08	96.9	94.02
ROCE(%)	4.48	10.48	1.71	7.55	26.67	84.06	103.22
Receivable days	114.12	117.38	175.93	105.8	59.55	56.08	90.35
Inventory Days	0	0	0	12.85	2.42	19.87	13.68
Payable days	0	0	0	0	0	0	0
PER(x)	317.49	0	0	0	68.69	29.08	98.82
Price/Book(x)	2.84	2.14	0.87	4.63	19.77	19.12	63.47
Dividend Yield(%)	0	0	0	0	0.35	0.13	0.07
EV/Net Sales(x)	17.06	7.04	4.52	16.51	3.66	4.66	16.61
EV/Core EBITDA(x)	43.85	13.31	12.44	22.72	18.56	19.17	69.12
Net Sales Growth(%)	0	440.93	-19.27	128.41	1144.35	117.32	149.73
EBIT Growth(%)	0	532.41	-67.81	708.18	263.82	192.38	149.25
PAT Growth(%)	0	-2183.79	-65.92	25.49	475.69	522.32	167.55
EPS Growth(%)	0	-2135.52	18.07	-18.05	329.45	544.16	167.08
Debt/Equity(x)	0.02	3.96	1.53	5.26	1.4	0.46	0.18
Current Ratio(x)	1.45	0.83	1.82	1.81	1.03	0.84	1.27
Quick Ratio(x)	1.45	0.83	1.82	1.79	1.01	0.6	1.21
Interest Cover(x)	5.6	1.38	0.28	1.78	4.06	15.52	30.32
Total Debt/Mcap(x)	0.01	1.85	1.75	1.13	0.07	0.02	0

Waaree Renewables Shareholding Pattern

#	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoter	74.51	74.51	74.51	74.51	74.51	74.48	74.46	74.46	74.46	74.44
FII	0	0	0	0	0	0	0	0.2	0.83	0.98
DII	0	0	0	0	0	0	0.09	0.01	0.01	0
Public	25.49	25.49	25.49	25.49	25.49	25.52	25.45	25.33	24.7	24.57
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoter	1.55	1.55	1.55	1.55	1.55	1.55	1.55	7.76	7.76	7.76
FII	0	0	0	0	0	0	0	0.02	0.09	0.1
DII	0	0	0	0	0	0	0	0	0	0
Public	0.53	0.53	0.53	0.53	0.53	0.53	0.53	2.64	2.57	2.56
Others	0	0	0	0	0	0	0	0	0	0
Total	2.08	2.08	2.08	2.08	2.08	2.08	2.08	10.41	10.41	10.42

Pros

Company has a good return on equity (ROE) track record: 3 Years ROE 75%
Company has reduced debt.
Company is almost debt free.

Cons

Stock is trading at 42.7 times its book value.

* 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.