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Waaree Renewable Technologies Ltd

WAAREERTL

Waaree Renewable Technologies Ltd

WAAREERTL
UtilitiesRenewable Energy
SmallcapWith a market cap of ₹15,181 cr, stock is ranked 434
High RiskStock is 4.62x as volatile as Nifty
1,408.901.11% (-15.85)
1,408.901.11% (-15.85)

Price Chart

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1D
1W
1M
1Y
5Y
Max
SIP
UtilitiesRenewable Energy
SmallcapWith a market cap of ₹15,181 cr, stock is ranked 434
High RiskStock is 4.62x as volatile as Nifty
Scorecard

Performance

High

The creamy layer - amongst the top performing stocks

Valuation

High

Seems to be overvalued vs the market average

Growth

Avg

Financials growth has been moderate for a few years

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Avg

The stock is not in the overbought zone

Red flags

Avg

The stock has a moderate number of red flags

How to use scorecard? Learn more

UtilitiesRenewable Energy
SmallcapWith a market cap of ₹15,181 cr, stock is ranked 434
High RiskStock is 4.62x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
76.8265.430.07%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
23.343.531.25%

Forecast & Ratings

Detailed Forecast 
Forecast data is currently unavailable for this stock

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

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

View older 

Jan 20, 2024

PDF
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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Higher than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 158.72%, vs industry avg of 12.09%

Increasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share increased from 0.03% to 1.91%

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Financial YearFY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue0.262.037.597.3715.42169.82352.49879.891,367.03
Raw Materialssubtract0.290.000.000.004.26129.35252.96644.901,082.58
Power & Fuel Costsubtract0.000.040.060.060.040.000.19
Employee Costsubtract0.290.570.670.555.539.4717.22
Selling & Administrative Expensessubtract1.183.171.761.412.872.894.72
Operating & Other expensessubtract0.060.082.81-0.290.201.892.22
Depreciation/Amortizationsubtract0.000.040.751.111.693.672.955.466.51
Interest & Other Itemssubtract0.000.082.153.484.346.945.306.7710.74
Taxes & Other Itemssubtract0.000.302.740.665.7712.3221.5950.2869.56
EPS-0.010.02-0.38-0.41-0.230.865.3314.2318.98
DPS0.000.000.000.000.100.201.001.00
Payout ratio0.000.000.000.000.000.120.040.070.05

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2022

Annual report

PDF

Investor Presentation

Feb 10PDF
FY 2024

Annual report

PDF

Investor Presentation

Jan 20PDF
Oct 26PDF
Jul 24PDF
 

Peers & Comparison

Comparing 3 stocks from 
UtilitiesRenewable Energy

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Waaree Renewable Technologies Ltd102.4965.430.07%
Adani Green Energy Ltd181.5711.45
Ntpc Green Energy Ltd360.9319.96
NHPC Ltd22.711.882.32%

Price Comparison

Compare WAAREERTL with any stock or ETF
Compare WAAREERTL with any stock or ETF
WAAREERTL
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding74.44%0.00%0.00%0.98%24.57%

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Shareholding History

JunSepDec '23MarJunSep0.00%0.00%0.00%0.20%0.83%0.98%

Insider Trades & Bulk Deals

Hmm, looks like there hasn't been any net deal activity in the last 6 months

smallcases

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

Final
Final | Div/Share: ₹1.00

Dividend/Share

1.00

Ex DateEx Date

Sep 9, 2024

Cash Dividend

Ex DateEx DateSep 18, 2023

Final
Final | Div/Share: ₹1.00

Dividend/Share

1.00

Ex DateEx Date

Sep 18, 2023

Cash Dividend

Ex DateEx DateSep 15, 2022

Final
Final | Div/Share: ₹0.50

Dividend/Share

0.50

Ex DateEx Date

Sep 15, 2022

News & Opinions
Spotlight
Waaree Renewable Tech hits the roof after securing Rs 1,233.47-cr solar project

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

1 week agoCapital Market - Live
Spotlight
Waaree Renewable sizzles after Q2 outcome

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

1 month agoCapital Market - Live
Earnings
Waaree Renewables Technologies consolidated net profit rises 192.25% in the September 2024 quarter

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

1 month agoCapital Market - Live
Corporate
Waaree Renewable Techs. to convene board meeting

Waaree Renewable Techs. will hold a meeting of the Board of Directors of the Company on 5 November 2024Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Waaree Renewables Technologies receives credit ratings for bank facilities

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

1 month agoCapital Market - Live
Corporate
Waaree Renewable Technologies receives LoA for solar power project

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

3 months agoCapital Market - Live
Corporate
Waaree Renewables Technologies incorporates two wholly owned subsidiaries

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

3 months agoCapital Market - Live
Corporate
Waaree Renewable Techs. to conduct AGM

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

3 months agoCapital Market - Live
Corporate
Board of Waaree Renewables Technologies allots 22,275 equity shares under ESOP

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

3 months agoCapital Market - Live
Corporate
Waaree Renewables Technologies fixes record date for dividend

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

3 months agoCapital Market - Live