1. Is WAA Solar Ltd a good quality company?
Past 10 year's financial track record analysis by Moneyworks4me indicates that WAA Solar Ltd is a average quality company.
2. Is WAA Solar Ltd undervalued or overvalued?
The key valuation ratios of WAA Solar Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
3. Is WAA Solar Ltd a good buy now?
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of WAA Solar Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation ⓘ
Value Creation Index Colour Code Guide ⓘ
|ROCE % ⓘ||9.2%||7.7%||10.8%||7.2%||4.3%||4.8%||4.7%||5.1%||3.8%||-|
|Value Creation Index ⓘ||-0.3||-0.5||-0.2||-0.5||-0.7||-0.7||-0.7||-0.6||-0.7||-|
Growth Parameters ⓘ
Growth Parameters Colour Code Guide ⓘ
|YoY Gr. Rt. %||-||-2.9%||101%||-14.2%||-44.3%||-3.8%||2.8%||-1.5%||-2.2%||-|
|Adj EPS ⓘ||218||107.5||299.8||112.6||-0.4||1.6||2.9||4.4||2.6||2.5|
|YoY Gr. Rt. %||-||-50.7%||179.1%||-62.4%||-100.4%||NA||86%||51.4%||-42.1%||-|
|BVPS (₹) ⓘ||1,703.4||1,845||2,148.4||2,019.7||1,315.7||119.3||112.8||123||125.5||130.5|
|Adj Net Profit ⓘ||8.3||4.1||11.4||6.1||0||1.5||3.9||5.9||3.4||3|
|Cash Flow from Ops. ⓘ||12.9||34.6||46.9||10.3||22.4||8.6||66.5||22.2||17.7||-|
|Debt/CF from Ops. ⓘ||7.3||3.2||2.6||8.6||3.8||11.1||1.3||3.3||3.5||-|
CAGR Colour Code Guide ⓘ
|9 Years||5 Years||3 Years||1 Years|
|Adj EPS ⓘ||NA||-53.1%||17.7%||-42.1%|
Key Financial Parameters ⓘ
Performance Ratio Colour Code Guide ⓘ
|Return on Equity % ⓘ||12.8||6.1||15||6.4||-0||1.6||2.9||3.8||2.1||2|
|Op. Profit Mgn % ⓘ||95.8||94.7||63.2||58||94.1||85.6||89.8||87.7||88.5||0|
|Net Profit Mgn % ⓘ||30.1||15.3||21.2||13.3||-0.1||6.2||15.3||23.5||13.9||13.5|
|Debt to Equity ⓘ||1.5||1.6||1.5||0.8||1.2||0.8||0.6||0.5||0.4||-|
|Working Cap Days ⓘ||0||119||54||77||148||276||335||399||596||0|
|Cash Conv. Cycle ⓘ||0||0||-79||-77||10||-20||-23||-22||-44||0|
Net Profit is growing at healthy rate in last 3 years 17.70%
Return on Equity has declined versus last 3 years average to 1.90%
Sales growth has been subdued in last 3 years -0.31%
Sales growth is not so good in last 4 quarters at 0.00%
|TTM EPS (₹)||2.5||3.1|
|TTM Sales (₹ Cr.)||24.4||44.2|
|BVPS (₹.) ⓘ||130.5||129.3|
|Reserves (₹ Cr.) ⓘ||160||158|
|From the Market|
|52 Week Low / High (₹)||21.75 / 62.30|
|All Time Low / High (₹)||7.67 / 79.47|
|Market Cap (₹ Cr.)||54.9|
|Equity (₹ Cr.)||13.3|
|Face Value (₹)||10|
|Industry PE ⓘ||12.2|
The company was incorporated as ‘Waa Solar Private Limited’ under the provision of the Companies Act, 1956 vide certificate of incorporation dated November 9, 2009 issued by the Assistant Registrar of Companies, Maharashtra, Mumbai. The registered office of the company was shifted from Maharashtra State to Gujarat State and certificate was issued on September 12, 2013 by the Registrar of Companies, Gujarat, Dadara Nagar and Havelli. Consequent upon the conversion of the company to public limited company, the name of the company was changed to ‘Waa Solar Limited’ and fresh certificate of incorporation dated February 19, 2018 was issued by the Assistant ROC, Registrar of Companies, Ahmadabad.
The company was originally incorporated in the year 2009, at Mumbai and promoted by Hitesh Doshi and Viren Doshi. On May 8, 2010, the company was taken over by their corporate promoter Madhav Power (MPPL) with the intention entering into solar power projects in the state of Gujarat. MPPL is their promoter and holding company holds 3,419,982 Equity Shares constituting 70.03% of stake in their company.
Business area of the Company:
Waa Solar is mainly engaged in solar power generation by setting up Solar Power Project and by investing in Special Purpose Vehicle (SPV) associate and subsidiaries companies which are engaged in solar power generation activities.
Key Events and Milestones: