Waaree Renewable Technologies Ltd - Stock Valuation and Financial Performance

BSE: 534618 | NSE: | Power Generation/Distribution | Small Cap

Waaree Renewables Share Price

1,405.45 66.90 5.00%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Waaree Renewables

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Waaree Renewable Technologies stock performance -

mw4me loader
P/E Ratio (SA):
130.94
Market Cap:
14,637.7 Cr.
52-wk low:
150
52-wk high:
1,641

Is Waaree Renewable Technologies Ltd an attractive stock to invest in?

1. Is Waaree Renewable Technologies Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Waaree Renewable Technologies Ltd is a below average quality company.

2. Is Waaree Renewable Technologies Ltd undervalued or overvalued?

The key valuation ratios of Waaree Renewable Technologies Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Waaree Renewable Technologies Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Waaree Renewable Technologies Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Waaree Renewables:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Waaree Renewable Technologies Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 1.2%0.8%-0.2%1.5%1.7%6.5%3.8%7.1%24%73.4%-
Value Creation
Index
-0.9-0.9-1.0-0.9-0.9-0.5-0.7-0.50.74.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 0.50.300.11.3527.6154342656
Sales YoY Gr.--34.7%-87.5%100%1,525%286.9%-60.6%283.8%1,920.5%122.5%-
Adj EPS 000000.1-00.21.35.710.7
YoY Gr.-0%-100%NA-33.3%200%-133.3%NA495.5%335.1%-
BVPS (₹) 22222.12.12.93.2510.619.8
Adj Net
Profit
0.10.100.20.10.3-0.22.313.659.3112
Cash Flow from Ops. -3.6-0.1-0.1-1.90.54.53.33.333.558.2-
Debt/CF from Ops. 00000811.111.300-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 107%204.8%456.8%122.5%
Adj EPS 87.4%209.7%NA335.1%
BVPS20.4%39%53.8%111.8%
Share Price 87.9% 223.1% 419.8% 810.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
1.20.8-0.21.51.22.9-0.97.43272.570.6
Op. Profit
Mgn %
36.936.4-723-282.8-16.249.52.236.28.622.222.4
Net Profit
Mgn %
24.225.5-43.4202.39.46.1-9.430.88.917.417
Debt to
Equity
000003.41.21.100-
Working Cap
Days
5,32210,38581,08946,1851,5864944,1231,925163129110
Cash Conv.
Cycle
1,1412,50231,98827,312931108262-36-20-1616

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 70.60%

Sales growth is growing at healthy rate in last 3 years 456.77%

Sales growth is good in last 4 quarters at 97.86%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Waaree Renewable Technologies Ltd.

Standalone Consolidated
TTM EPS (₹) 10.7 10.2
TTM Sales (₹ Cr.) 656 665
BVPS (₹.) 19.8 17
Reserves (₹ Cr.) 185 156
P/BV 71.11 82.56
PE 130.94 137.83
From the Market
52 Week Low / High (₹) 150.00 / 1641.00
All Time Low / High (₹) 1.48 / 1641.00
Market Cap (₹ Cr.) 14,638
Equity (₹ Cr.) 20.8
Face Value (₹) 2
Industry PE 20.5

Management X-Ray of Waaree Renewables:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Waaree Renewables

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales00001528154342
Operating Expenses 00012325140266
Manufacturing Costs00000004133253
Material Costs0000000000
Employee Cost 0000011169
Other Costs 0000121013
Operating Profit 000002031376
Operating Profit Margin (%) 36.9%36.4%-723.0%-640.0%-16.2%49.5%2.1%36.2%8.6%22.2%
Other Income 00001134145
Interest 0000023411
Depreciation 0000000000
Exceptional Items 0000000000
Profit Before Tax 000001032680
Tax 00000100620
Profit After Tax 000000022059
PAT Margin (%) 24.2%25.5%220.0%-43.3%9.4%6.1%-9.4%30.8%13.3%17.4%
Adjusted EPS (₹)0.00.00.00.00.00.10.00.22.05.7
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%10%4%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 101010101011303352111
Share Capital 6101010101021212121
Reserves 40000110123190
Minority Interest0000000000
Debt0000036373700
Long Term Debt0000036373700
Short Term Debt0000000000
Trade Payables000000035877
Others Liabilities 0000211112267
Total Liabilities 1010101012486883132254

Fixed Assets

Gross Block00004444410
Accumulated Depreciation0000000111
Net Fixed Assets0000443339
CWIP 00000000080
Investments 1110032323210
Inventories22560000237
Trade Receivables000003024561
Cash Equivalents 000071013913
Others Assets77431933454354
Total Assets 1010101012486883132254

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -400-205333458
PBT 000001032680
Adjustment 0000-1200-12-3
Changes in Working Capital -4-0-0-1124123-14
Tax Paid 00000000-3-5
Cash Flow From Investing Activity 3001-3-313-819-66
Capex 0000-40000-6
Net Investments 30010-3200-2616
Others 0000113-845-76
Cash Flow From Financing Activity 1001227-65-39-2
Net Proceeds from Shares 10000020000
Net Proceeds from Borrowing 0000000000
Interest Paid 00000-2-3-4-1-1
Dividend Paid 00000000-1-1
Others 0001329-239-370
Net Cash Flow 0000000013-10
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)1.240.810.91-0.321.22.96-0.917.448.0172.98
ROCE (%)1.811.151.3-0.314.8410.915.249.1944.9598.93
Asset Turnover Ratio0.050.0300.010.120.170.030.11.431.77
PAT to CFO Conversion(x)-INFNANNANINFNANINF-INF1.51.70.98
Working Capital Days
Receivable Days508100114119268605757
Inventory Days1,0912,4210000022320
Payable Days0000000000

Waaree Renewable Technologies Ltd Stock News

Waaree Renewable Technologies Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Waaree Renewables on 28-Mar-2024 16:01 is ₹1,405.5.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 16:01 the market cap of Waaree Renewables stood at ₹14,637.7.
The latest P/E ratio of Waaree Renewables as of 28-Mar-2024 16:01 is 130.9.
The latest P/B ratio of Waaree Renewables as of 28-Mar-2024 16:01 is 71.11.
The 52-week high of Waaree Renewables is ₹1,641 and the 52-week low is ₹150.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Waaree Renewables is ₹656.4 ( Cr.) .

About Waaree Renewable Technologies Ltd

Waaree Renewables Technology Limited (WRTL) (Formally known as Sangam Renewables Limited) is a pioneer company to look after if one is going for CAPEX model. The company was incorporated on 22nd of June, 1999 as a private company limited by shares. It was converted into a public company on November 18, 2011. It has its registered office in Mumbai and its energy generation site is located in state of Maharashtra.

Business area of the company

The company is engaged in the business of generation of power through renewable energy sources and also providing consultancy service in this regard.

Solution & Service

  • Capex
  • RESCO / OPEX
  • Rooftop
  • Floating Solar
  • Ground Mount
  • Operations & Maintenance
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