Waaree Renewables

Waaree Renewable Technologies Ltd.

BSE: 534618 SECTOR: Finance - NBFC  16k   116   7

771.65
+13.65 (1.80%)
BSE: 29 Mar 4:00 PM

Price Summary

Today's High

₹ 779.75

Today's Low

₹ 750

52 Week High

₹ 824

52 Week Low

₹ 0

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyExcellent
The company knows very well the utilization of its assets.
FinancialsVery Stable
The company possesses stable growth history and sound margins.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

₹ 1606.18 Cr.

Advances

₹ 0 Cr.

No. of Shares

2.08 Cr.

P/E

31.02

P/B

16.87

Face Value

₹ 10

Div. Yield

0.13 %

Book Value (TTM)

₹  45.73

Operating Revenue

₹ 153.56 Cr.

Net Profit

₹ 20.4 Cr.

Promoter Holding

74.51 %

EPS (TTM)

₹  24.87

Sales Growth

1919.79

ROE

48.01 %

ROCE

44.95%

Profit Growth

771.88 %

Add Your Ratio

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

Your Added Ratios

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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.

PE Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

PB Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

View Full Peer Comparison
* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

Track the companies of Group.

Ratios

Income Growth

1 Year1919.79%
3 Year212.55%
5 Year358.6%

Profit Growth

1 Year771.88%
3 Year279.37%
5 Year262.28%

ROE%

1 Year48.01%
3 Year18.17%
5 Year11.73%

ROCE %

1 Year44.95%
3 Year19.79%
5 Year15.03%

ROA%

18.6139275095091

PEG Ratio

0.04

PAT Margin (%)

13.2858129892558

EPS Growth(%)

771.882227361679

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2022 74.51 0
Sep 2022 74.51 0
Jun 2022 74.51 0
Mar 2022 74.51 0
Dec 2021 74.51 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • Company has maintained a good ROA of 7.12588156727815% in last 3 years.
  • Company has a healthy Return on Equity (ROE) track record of 18.1681490794983%.
  • TThe company has been maintaining a healthy ROCE of 19.7938153645522% since last 3 years.
  • Operating Income has grown well for the company over past 3 years: 3 years CAGR 212.547111278832%.
  • The company has delivered substantial profit growth of 0% over past 3 years.
  • Promoters shareholding is 74.51%.

 Limitations

  • The company is trading at 16.8737481084958 times the book value.
  • PAT margin has shrunk by 17.4919165613104%.

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
Operating Revenue 43.2 73.65 92.2 117.94 71.99
Other Income 1.26 1.21 1.41 1.35 1.3
Interest Expended 0.02 0.27 0.04 0.16 0.08
Operating Expenses 40.93 63.87 81.85 107.8 37.58
Total Provisions 0 0 0 0 0
Depreciation 0.04 0.04 0.04 0.04 0.05
Profit Before Tax 3.46 10.68 11.67 11.29 35.59
Tax 1.09 2.68 2.95 2.86 8.98
Net Profit 2.37 8.01 8.73 8.43 26.61

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Operating Income 1.3 5.03 1.98 7.6 153.56
Other Income 0.74 0.79 3.11 3.69 14.35
Interest 0.08 2.2 3.38 3.62 1.47
Operating Expenses 1.5 2.65 2.06 4.98 140.46
Total Provisions 0.05 0.05 0.03 0.03 0.03
Exceptional Items 0 0 0 0 0
Profit Before Tax 0.42 0.91 -0.4 2.66 25.95
Tax 0.29 0.6 -0.21 0.32 5.55
Profit After Tax 0.11 0.37 -0.19 2.34 20.4
Adjusted EPS (Rs.) 0.12 0.31 -0.09 1.12 9.8

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity and Liabilities
Share Capital 10.01 10.01 20.81 20.81 20.81
Total Reserves 0.24 0.62 9.61 11.97 31.4
Borrowings 0 36.23 36.67 36.94 0.09
Other N/C liabilities 0.37 0.9 0.72 0.91 0.87
Current liabilities 1.7 0.39 0.56 12.8 82.61
Total Liabilities 12.33 48.14 68.38 83.44 135.78
Assets
Loans 0 0 0 0 0
Net Block 3.71 3.55 3.4 3.23 3.15
Capital WIP 0 0 0 0 0
Intangible WIP 0 0 0 0 0
Investments 0 31.9 32.1 32.1 0.22
Other Loans 0.92 8.52 31.7 0.62 0.01
Other N/C Assets 0.05 0.03 0.02 0 0
Current Assets 7.65 4.14 1.16 47.48 132.39
Total Assets 12.33 48.14 68.38 83.44 135.78
* Other Non-current Liabilities include Net deferred Liabilities

Corporate Actions

Investors Details

PARTICULARS Dec 2021% Mar 2022% Jun 2022% Sep 2022% Dec 2022%
Promoters 74.51 74.51 74.51 74.51 74.51
waaree energies li... - - - - -
neepa viren doshi 11.19 11.19 11.19 11.19 11.19
hitesh c doshi 8.69 8.69 8.69 8.69 8.69
pankaj chimanlal d... 6.93 5.41 5.41 5.41 5.41
nipa viren doshi - - - - -
binita h doshi 5.49 5.49 5.49 5.49 5.49
pujan pankaj doshi 4.57 4.57 4.57 4.57 4.57
kirit chimanlal do... 4.57 - - - -
bindiya kirit doshi 3.20 3.20 3.20 3.20 3.20
PARTICULARS Dec 2021% Mar 2022% Jun 2022% Sep 2022% Dec 2022%
Investors 25.49 25.49 25.49 25.49 25.49
non-resident india... - - - 10.83 -
taib securities in... 5.09 5.09 5.09 5.09 5.09
money care finance... - 4.44 4.40 4.40 4.40
money care finance... 4.44 - - - -
sandeep kapadia 2.06 1.99 1.99 1.99 1.99
bharat gunvantlal ... 2.09 1.11 1.30 1.48 1.48
harshil kantilal k... - 1.99 1.99 1.99 1.99
anand mohan - 1.39 - - -
amit arora 1.18 - - - -
llp - 0.88 1.06 1.08 1.08

Annual Reports

Ratings & Research Reports

No Credit and Research reports exist for this company.Report us

Company Presentations

  • PresentationQ3FY23 14 Mar 2023
  • PresentationQ3FY22 11 Feb 2022

Company News

Waaree Renewables - Quaterly Results13 Feb 2023, 6:19PM Waaree Renewables - Quaterly Results13 Feb 2023, 6:19PM Waaree Renewable gets LoA for trunkey EPC services of solar power plant27 Jan 2023, 11:59AM Waaree Renewable Technologies informs about updates25 Jan 2023, 5:08PM Waaree Renewable Technologies signs LoA with one of India's leading construction company14 Jan 2023, 12:01PM Waaree Renewable Technologies receives LoA from one of the reputed steel industry player28 Nov 2022, 9:39AM Waaree Renewables - Quaterly Results9 Nov 2022, 11:53PM Waaree Renewable Technologies informs about outcome of board meeting19 Sep 2022, 3:08PM Waaree Renewable Technologies informs about press release5 Sep 2022, 3:25PM Waaree Renewable Technologies informs about AGM11 Aug 2022, 5:00PM Waaree Renewables - Quaterly Results10 Aug 2022, 6:14PM Waaree Renewables - Quaterly Results10 Aug 2022, 6:14PM Waaree Renewable Technologies informs about disclosure 23 Jul 2022, 2:09PM Waaree Renewable Technologies informs about newspaper advertisement29 Jun 2022, 4:50PM Waaree Renewables - Quaterly Results24 May 2022, 6:22PM Waaree Renewables - Quaterly Results24 May 2022, 6:22PM Waaree Renewable Technologies informs about certificate30 Apr 2022, 4:18PM Waaree Renewables - Quaterly Results8 Feb 2022, 8:17PM Waaree Renewables - Quaterly Results8 Feb 2022, 8:17PM Waaree Renewable Technologies receives LoA from India-focused renewable energy group7 Feb 2022, 3:28PM Waaree Renewable Technologies informs about updates29 Oct 2021, 4:02PM Waaree Renewable Technologies informs about change of name of company20 Jul 2021, 12:13PM Sangam Renewables sells 51% stake in subsidiary company 9 Jul 2021, 4:37PM Sangam Renewables informs about revised audited financial results3 Jun 2021, 9:38AM Sangam Renewables’ arm commissions 16 MW mounted solar project in Maharashtra5 Mar 2021, 9:59AM Sangam Renewables bags orders for executing solar power project27 Jan 2021, 9:24AM

Waaree Renewables Stock Price Analysis and Quick Research Report. Is Waaree Renewables an attractive stock to invest in?

 

Around 2% of India's total population invests in financial assets. The penetration of the mutual fund industry in India is close to 7% (Based on the number of PAN cardholders). This under penetration of the mutual fund industry offers a huge opportunity for the industry to grow.

Migration to financial savings, wider distribution and sustainable performance are expected to enable growth in the industry.

Also, increasing financial literacy among investors, digitization and the number of mediums available tend to attract more investors to invest in the financial markets.

To understand the functions of the Waaree Renewables better, you must go through the following points:

Key Financials –

  • Profitability: Profit margin (PAT margin) of the company shows how well a company controls its cost. It is one of the important indicators to show the financial health of the company. Net profit of the company is Rs 20.402 Cr and the compounded growth of profit in the past 3 years is 304.052322918462 %. The PAT margin of Waaree Renewables is 13.2858129892558 %.

  • EPS growth: Investors should ensure the EPS figure is growing faster than revenue numbers because it indicates company management is increasing the efficiency with which it runs the company. In Waaree Renewables , the EPS grew by 771.882227361679 % YOY. 

 Financial Ratios –

  •  Return on Equity (ROE): The Company has a healthy ROE track record. The ROE of Waaree Renewables is at 48.0064002258903 % for the latest year.

  • P/E Ratio: Relative valuation metrics like the P/E ratio can be used to see if the stock of Waaree Renewables is worth at the current levels at Rs 771.65. The stock is trading at a current P/E ratio of 28.9694644806513 and the average historical P/E for the last 5 years was 75.1228775957055.

  • P/B ratio can be one of the best metrics to value such companies. Currently, Waaree Renewables is trading at a P/B of 16.8737 . The average historical P/B for the last 5 years was 3.98588805267631. This can be compared with the Market price per share in order to know if the stock is undervalued or overvalued.

Brief about Waaree Renewables

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