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 42.6

Current Price ₹1305.1

Book Value ₹ 30.7

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.)	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019
Net Sales	-0	0	1	0	0	1	1	1	1	2
Other Income	0	0	0	0	0	0	0	0	0	0
Total Income	-0	0	1	0	0	1	1	1	1	3
Total Expenditure	0	0	0	0	0	1	1	1	0	0
Operating Profit	-0	0	0	0	0	0	0	-0	1	2
Interest	0	0	0	0	0	0	0	0	1	1
Depreciation	0	0	0	0	0	0	0	0	0	0
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	-0	0	0	0	0	0	-0	-0	0	1
Provision for Tax	0	-0	0	0	0	0	0	-0	0	1
Profit After Tax	-0	0	0	0	0	-0	-0	-0	0	0
Adjustments	0	-0	-0	-0	-0	0	0	0	-0	0
Profit After Adjustments	0	0	0	0	0	0	0	-0	0	0
Adjusted Earnings Per Share	-0	0	0	0	0	-0	-0	-0	0	0.1

Waaree Renewables Profit & Loss

#(Fig in Cr.)	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Net Sales	0	1	5	2	8	154	342	867	5
Other Income	0	1	1	3	4	14	5	8	0
Total Income	1	2	6	5	11	168	347	875	6
Total Expenditure	1	2	3	2	5	140	266	668	2
Operating Profit	-0	1	3	3	6	28	81	207	3
Interest	0	0	2	3	4	1	1	4	2
Depreciation	0	0	0	0	0	0	0	3	0
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0
Profit Before Tax	-0	0	1	-0	3	26	80	200	1
Provision for Tax	-0	0	1	-0	0	6	20	51	1
Profit After Tax	-0	0	0	-0	2	20	59	149	0
Adjustments	0	-0	0	0	0	0	0	0	0
Profit After Adjustments	-0	0	0	-0	2	20	59	149	0
Adjusted Earnings Per Share	-0	0	0.1	-0	0.2	2	5.7	14.3	0.1

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	154%	377%	180%	0%
Operating Profit CAGR	156%	226%	133%	0%
PAT CAGR	153%	321%	0%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	259%	179%	235%	89%
ROE Average	81%	67%	42%	20%
ROCE Average	107%	84%	53%	26%

Waaree Renewables Balance Sheet

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Shareholder's Funds	10	10	10	10	10	11	30	33	52	111	259
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	0	0	0	0	0	36	37	37	0	0	0
Other Non-Current Liabilities	0	0	0	0	0	1	1	1	1	1	9
Total Current Liabilities	0	0	0	0	2	0	1	13	79	142	428
Total Liabilities	10	10	10	10	12	48	68	83	132	254	696
Fixed Assets	0	0	0	0	4	4	3	3	3	9	94
Other Non-Current Assets	1	1	1	3	1	40	64	33	0	80	7
Total Current Assets	9	10	10	7	8	4	1	47	129	165	595
Total Assets	10	10	10	10	12	48	68	83	132	254	696

Waaree Renewables Cash Flow

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Opening Cash & Cash Equivalents	0	0	0	0	0	0	0	0	0	13	3
Cash Flow from Operating Activities	-4	-0	-0	-2	0	5	3	3	34	58	118
Cash Flow from Investing Activities	3	0	0	1	-3	-31	3	-8	19	-66	-115
Cash Flow from Financing Activities	1	0	0	1	2	27	-6	5	-39	-2	4
Net Cash Inflow / Outflow	-0	0	-0	0	-0	0	0	0	13	-10	6
Closing Cash & Cash Equivalent	0	0	0	0	0	0	0	0	13	3	10

Waaree Renewables Ratios

#	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Earnings Per Share (Rs)	0.02	0.02	0.02	-0.01	0.02	0.06	-0.02	0.22	1.96	5.71	14.3
CEPS(Rs)	0.03	0.02	0.02	-0.01	0.03	0.09	-0	0.24	1.98	5.73	14.55
DPS(Rs)	0	0	0	0	0	0	0	0	0.2	0.2	1
Book NAV/Share(Rs)	2	2.02	2.03	2.03	2.05	2.12	2.92	3.15	5.02	10.63	24.74
Core EBITDA Margin(%)	36.85	36.44	-722.96	-640.55	-16.22	49.46	2.15	36.22	8.62	22.24	22.93
EBIT Margin(%)	35.43	35.94	313.69	-41.35	37.97	61.96	151.16	82.66	17.86	23.7	23.54
Pre Tax Margin(%)	35.32	35.77	312.19	-46.37	32.03	18.16	-20.14	35	16.9	23.35	23.09
PAT Margin (%)	24.2	25.5	220.01	-43.33	9.4	6.15	-9.41	30.78	13.29	17.38	17.17
Cash Profit Margin (%)	25.62	26	220.01	-43.33	12.15	9.39	-1.26	32.9	13.39	17.44	17.47
ROA(%)	1.23	0.81	0.91	-0.32	1.09	1.02	-0.32	3.08	18.93	30.74	31.34
ROE(%)	1.24	0.81	0.91	-0.32	1.2	2.96	-0.91	7.4	48.01	72.98	80.88
ROCE(%)	1.81	1.15	1.3	-0.31	4.84	10.91	5.24	9.19	44.95	98.93	107.22
Receivable days	50	81.28	0	0	114.12	119.27	267.81	59.53	56.53	56.82	91.09
Inventory Days	1091.42	2420.98	0	0	0	0	0	21.93	2.55	20.4	13.82
Payable days	0	0	0	0	0	0	0	0	0	0	0
PER(x)	107.58	0	117.93	0	238.11	64.56	0	44.13	28.97	27.13	98.28
Price/Book(x)	1.28	0	1.07	3.62	2.84	1.88	0.75	3.15	11.32	14.57	56.8
Dividend Yield(%)	0	0	0	0	0	0	0	0	0.35	0.13	0.07
EV/Net Sales(x)	25.48	29.98	252.36	478.96	16.96	11.04	29.9	18.37	3.6	4.68	16.75
EV/Core EBITDA(x)	69.14	82.29	80.45	-1158.38	41.65	16.94	18.77	21.66	20.03	19.7	70.29
Net Sales Growth(%)	2.32	-34.98	-86.91	80.41	1618.79	286.55	-60.72	284.82	1919.79	122.54	153.81
EBIT Growth(%)	18.73	-34.03	14.25	-123.78	1678.42	530.79	-4.17	110.45	336.41	195.29	152.06
PAT Growth(%)	14.53	-31.48	12.93	-135.53	472.9	152.86	-160.09	1359.05	771.88	191.18	150.71
EPS Growth(%)	9.68	-31.51	12.88	-135.87	469.7	153.28	-128.96	1355.87	772.02	191.19	150.52
Debt/Equity(x)	0	0	0	0	0	3.41	1.21	1.13	0	0	0.04
Current Ratio(x)	168.06	274.51	193.7	518.73	4.51	10.67	2.09	3.71	1.63	1.16	1.39
Quick Ratio(x)	133.04	208.37	94	46.08	4.51	10.67	2.09	3.67	1.61	0.9	1.32
Interest Cover(x)	346.31	207.66	209.53	-8.24	6.39	1.41	0.88	1.73	18.61	68.64	52.94
Total Debt/Mcap(x)	0	0	0	0	0	1.81	1.62	0.36	0	0	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 67%
Company is almost debt free.

Cons

Stock is trading at 42.6 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.