Waaree Renewable Technologies Ltd
WAAREERTLWaaree Renewable Technologies Ltd
WAAREERTL
Price Chart
Scorecard
Performance
HighThe creamy layer - amongst the top performing stocks
Valuation
HighSeems to be overvalued vs the market average
Growth
AvgFinancials growth has been moderate for a few years
Profitability
HighShowing good signs of profitability & efficiency
Entry point
AvgThe stock is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
| No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
|---|---|---|
| 74.31 | 63.30 | 0.07% |
| Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
|---|---|---|
| 23.30 | 3.52 | 1.25% |
Forecast & Ratings
Detailed Forecast Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Waaree Renewable Technologies Ltd focuses on solar EPC services and renewable energy generation, providing solutions for rooftop and ground-mounted solar projects.
Investor Presentation
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Compare with peersAdani Green Energy Ltd
Ntpc Green Energy Ltd
NHPC Ltd
Premier Energies Ltd
SJVN Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
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Hmm, looks like data is unavailable here. Please come back after some timeIncome
Balance Sheet
Cash Flow
Income Statement
| Financial Year | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 0.26 | 2.03 | 7.59 | 7.37 | 15.42 | 169.82 | 352.49 | 879.89 | 1,367.03 | |||||||||
Raw Materials | 0.29 | 0.00 | 0.00 | 0.00 | 4.26 | 129.35 | 252.96 | 644.90 | 1,082.58 | |||||||||
| Power & Fuel Cost | 0.00 | 0.04 | 0.06 | 0.06 | 0.04 | 0.00 | 0.19 | |||||||||||
| Employee Cost | 0.29 | 0.57 | 0.67 | 0.55 | 5.53 | 9.47 | 17.22 | |||||||||||
| Selling & Administrative Expenses | 1.18 | 3.17 | 1.76 | 1.41 | 2.87 | 2.89 | 4.72 | |||||||||||
| Operating & Other expenses | 0.06 | 0.08 | 2.81 | -0.29 | 0.20 | 1.89 | 2.22 | |||||||||||
EBITDA | -0.03 | 0.50 | 3.73 | 2.07 | 9.43 | 31.83 | 85.28 | 210.64 | 284.45 | |||||||||
| Depreciation/Amortization | 0.00 | 0.04 | 0.75 | 1.11 | 1.69 | 3.67 | 2.95 | 5.46 | 6.51 | |||||||||
| PBIT | -0.03 | 0.46 | 2.98 | 0.96 | 7.74 | 28.16 | 82.33 | 205.18 | 277.94 | |||||||||
| Interest & Other Items | 0.00 | 0.08 | 2.15 | 3.48 | 4.34 | 6.94 | 5.30 | 6.77 | 10.74 | |||||||||
| PBT | -0.03 | 0.38 | 0.83 | -2.52 | 3.40 | 21.22 | 77.03 | 198.41 | 267.20 | |||||||||
| Taxes & Other Items | 0.00 | 0.30 | 2.74 | 0.66 | 5.77 | 12.32 | 21.59 | 50.28 | 69.56 | |||||||||
| Net Income | -0.03 | 0.08 | -1.91 | -3.18 | -2.37 | 8.90 | 55.44 | 148.13 | 197.64 | |||||||||
| EPS | -0.01 | 0.02 | -0.38 | -0.41 | -0.23 | 0.86 | 5.33 | 14.23 | 18.98 | |||||||||
| DPS | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.10 | 0.20 | 1.00 | 1.00 | |||||||||
| Payout ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.12 | 0.04 | 0.07 | 0.05 |
Company Updates
Annual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFPeers & Comparison
UtilitiesRenewable Energy
Valuation
Technical
Forecast
Compare valuation on Screener| Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
|---|---|---|---|
| Waaree Renewable Technologies Ltd | 99.15 | 63.30 | 0.07% |
| Adani Green Energy Ltd | 169.44 | 10.68 | — |
| Ntpc Green Energy Ltd | 358.48 | 19.83 | — |
| NHPC Ltd | 23.83 | 1.97 | 2.21% |
Price Comparison
Compare WAAREERTL with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Shareholding History
Hmm, looks like there hasn't been any net deal activity in the last 6 monthssmallcases
Looks like this stock is not in any smallcase yet.
Events
Dividend Trend
No dividend trend available
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateSep 9, 2024
Dividend/Share
₹1.00
Ex DateEx Date
Sep 9, 2024
Cash Dividend
Ex DateEx DateSep 18, 2023
Dividend/Share
₹1.00
Ex DateEx Date
Sep 18, 2023
Cash Dividend
Ex DateEx DateSep 15, 2022
Dividend/Share
₹0.50
Ex DateEx Date
Sep 15, 2022
The order was received on 27 November 2024. It was awarded by a domestic company involved in renewable energy development. The order includes a Term Sheet for the execution of engineering, procurement, and construction (EPC) works for ground mount solar PV project with a capacity of 2012.47 MWp DC capacity. The contract value stood at Rs 1,233.47 crore and the project timeline to be mutually decided. The company clarified that neither the promoter group nor any affiliated companies have any interest in the awarding entity, and the order does not involve related party transactions. Waaree Renewable Technologies, a subsidiary of Waaree Group, is a leading solar EPC company based in Mumbai. In addition to EPC services, they also develop, finance, construct, own, and operate solar projects, focusing on commercial and industrial customers. On a consolidated basis, net profit of Waaree Renewable Technologies surged 160.52% to Rs 53.52 crore on 250% increase in net sales to Rs 524.47 crore in Q2 September 2024 over Q2 September 2023. Powered by Capital Market - Live
On a consolidated basis, net profit of Waaree Renewable Technologies surged 160.52% to Rs 53.52 crore on 250% increase in net sales to Rs 524.47 crore in Q2 September 2024 over Q2 September 2023. Profit before tax stood at Rs 69.30 crore in the Q2FY25, up 151.55% YoY and up 76.45% QoQ. EBITDA was at Rs 71.57 crore in the Q2FY25, up 133.27% YoY and up 74.22% QoQ. EBITDA margin stood at 13.65% in Q2FY25, lower than 17.38% in Q1FY25 and 20.44% in Q2Y24. Total expenses rose 271.3% to Rs 452.90 crore in Q2 FY25 over Q2 FY24. During the quarter, cost of EPC contract stood at Rs 442.47 crore (up 287.62% YoY) while employee benefits expense was at Rs 7.54 crore (up 72.54% YoY). Net cash flow from operating activities improved to Rs 84.90 crore in Q2FY25 from a cash flow of Rs 53.38 crore in Q2FY24. The company's unexecuted order book stands at 1.7 GWp to be executed between 09-12 months. Bidding pipeline remains robust at 17.8 GWp. Waaree Renewable Technologies, a subsidiary of Waaree Group, is a leading solar EPC company based in Mumbai. In addition to EPC services, they also develop, finance, construct, own, and operate solar projects, focusing on commercial and industrial customers. Powered by Capital Market - Live
Net profit of Waaree Renewables Technologies rose 192.25% to Rs 53.54 crore in the quarter ended September 2024 as against Rs 18.32 crore during the previous quarter ended September 2023. Sales rose 249.51% to Rs 524.47 crore in the quarter ended September 2024 as against Rs 150.06 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales524.47150.06 250 OPM %13.6518.72 - PBDT70.8826.54 167 PBT69.3025.12 176 NP53.5418.32 192 Powered by Capital Market - Live
Waaree Renewable Techs. will hold a meeting of the Board of Directors of the Company on 5 November 2024Powered by Capital Market - Live
Waaree Renewables Technologies has received the credit ratings from CARE for bank facilities availed by the company as under: Long term bank facilities (Rs 28.94 crore) - CARE A-; Stable (assigned) Long term / short term bank facilities (Rs 1,394.06 crore) - CARE A-; Stable / CARE A2 (affirmed) Powered by Capital Market - Live
Waaree Renewable Technologies has received a Letter of Award (LOA) for the execution of engineering, procurement and construction (EPC) works for ground mount solar power project of 3.40 MW DC/2.77 MW AC capacity on turnkey basis. The order is valued at Rs 8.57 crore. Powered by Capital Market - Live
Waaree Renewables Technologies announced the incorporation of two wholly owned subsidiaries named SUNSATIONAL SOLAR and 'SUNSANTIONAL ENERGY on 30 August 2024. Powered by Capital Market - Live
Waaree Renewable Techs. announced that the Annual General Meeting (AGM) of the company will be held on 16 September 2024.Powered by Capital Market - Live
The Board of Waaree Renewables Technologies at its meeting held on 20 August 2024 has approved the allotment of 22,275 equity shares under ESOP. With this allotment, the paid up equity share capital has increased to 20,83,43,080 divided into 10,41,71,540 fully paid-up Equity Shares of face value of Rs. 2/- each.Powered by Capital Market - Live
Waaree Renewables Technologies has fixed 09 September 2024 as record date for the purpose of determining entitlement of the members of the Company to receive dividend.Powered by Capital Market - Live
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 158.72%, vs industry avg of 12.09%
Increasing Market Share
Over the last 5 years, market share increased from 0.03% to 1.91%