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WAAREE ENERGIES LIMITED

  • www.waaree.com
  • Sector: Energy
  • CHRYSEUM SCORE: 10.00/10.00
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    WAAREE ENERGIES LIMITED

    • Sector: Energy
    • CHRYSEUM SCORE: 10.00/10.00

    Description: Waaree Energies Limited manufactures solar equipment. The Company provides PV modules, inverters, KW rooftop solutions, utility grids, water pumps, and portable kits.

    Evaluation is basis the latest financial year disclosures filed by the company

    Valuation

    Max Score: 3.50

    P/E of Company

    39.72

    AVG P/E of Key Peer/s

    238.00

    Valuation Score

    3.50

    The Valuation Score depicts if the company is available at a discount when compared to its listed/unlisted peers. Higher the discount, more is the score given to the company.

    Growth

    Max Score: 3.50

    Sales Growth

    80.05%

    PAT Growth

    299.32%

    ROE

    31.18%

    Growth Score

    3.50

    The Growth Score accounts for the growth in Sales and PAT on a 3 year CAGR basis and the Company’s ROE as per the latest financial year results released by the company.

    Leverage

    Max Score: 1.50

    Debt / Equity

    0.08

    AVG Industry Debt / Equity

    0.49

    Leverage Score

    3.00

    Lower the Debt/Equity, higher the score.

    Management Quality

    Max Score: 1.50

    Board Structure & Composition

    1.00

    Related Party Transactions

    1.00

    Timely Disclosure

    1.00

    Management Score

    1.50

    This score represents a consolidated view of the Company’s Management Quality, which includes Board Structure, Related Party Transactions and Timely disclosures. Each parameter is scored out of 1.

₹2275.00 255 (12.62%)

As on 13 Sep, 2024
L 695.00 52 Week Range H 2275.00
Company Description : Waaree Energies Ltd. is the flagship company of Waaree Group and is amongst the top players in India in Solar Panel Manufacturing
Company Overview
  • Name of Company WAAREE ENERGIES LIMITED
  • Sector Energy
  • ISIN INE377N01017
  • Scrip Code Waaree Energies
  • CIN U29248MH1990PLC059463
  • Pan No AAACA4043J
  • Face Value 10
  • Price ₹ 2275.00
  • No. of Shares outstanding 26.30 Cr.
  • Market Cap ₹ 59,823.75 Cr
Financials
  • Revenue from operations ₹ 11,397.61 Cr.
  • EBITDA ₹ 1,809.58 Cr.
  • EBITDA Margin % 15.88%
  • Profit After Tax ₹ 1,274.38 Cr.
  • PAT Margin % 10.96%
  • EPS 48.46
  • Stock P/E 46.95
  • Book Value Per Share 155.45
  • P/B 14.63
  • Debt/Equity 0.08
Other Key Statistics
  • 52 week High/Low 2275.00/695.00
  • Dividend Per Share 0.00
  • Dividend Yield 0.00
  • Sales Growth - 3 years 80.05%
  • EBITDA Growth - 3 years 143.43%
  • PAT Growth - 3 years 199.32%
  • EPS Growth - 3 years 170.07%
  • ROE 31.18%
  • ROCE 26.02%
  • Cash Equivalents 3779.17
All figures below are in INR Crores unless otherwise stated

Peer Comparison

Key Financials - FY24
Company Name Waaree Energies Limited Sterling and Wilson Renewable Energy Ltd
Listing Status Unlisted Listed
Revenue from Operations 11,397.61 3,035.37
Total Income 11,632.76 3,120.79
Finance Cost 139.91 218.52
Depreciation & Amortization 276.81 16.65
Total Expenses 10,239.90 3,293.11
EBITDA 1,809.58 62.85
PAT 1,274.38 210.79
No. of Shares Outstanding 26.30 23.33
EPS (in ₹) 48.46 9.04
Share Capital 262.96 18.97
Total Net Worth 4,087.81 955.01
Total Assets 11,313.73 4,300.51
Total Debt 317.32 476.66
Key Metrics:
CMP* 2,275.00 720.60
Market Cap (In Cr.) 59,823.75 16,811.60
Market Cap/Sales 5.14 5.39
EPS (Earnings Per Share) 48.46 9.04
BVPS (Book Value Per Share) 155.45 40.94
P/E 46.95 79.71
P/BV 14.63 17.60
EBITDA Margin 15.88% 2.07%
ROE 31.18% 22.07%
ROA 11.26% 4.90%
*Market Price in ₹ as on 13 Sep, 2024

Profit Loss

FY24 FY23 FY22 FY21 FY20
Revenue from operations 11,397.61 6,750.87 2,854.27 1,952.78 1,995.78
Y-o-Y Revenue Growth 68.83% 136.52% 46.16% -2.15% 25.44%
Other Income 235.15 109.49 96.59 40.59 25.53
Total Income 11,632.76 6,860.36 2,950.86 1,993.37 2,021.31
Total Expenses (Excludes Interest and Depreciation) 9,823.19 5,916.21 2,748.33 1,867.92 1,903.92
Operating Profit (After deducting Depreciation) 1,297.61 670.53 62.67 56.32 65.05
OPM % 11.38 9.93 2.20 2.88 3.26
EBITDA 1,809.58 944.15 202.53 125.45 117.39
Depreciation 276.81 164.13 43.27 28.54 26.81
EBIT 1,532.77 780.02 159.26 96.91 90.58
Interest 139.91 82.27 40.88 29.66 32.63
EBT before Exceptional Items 1,392.86 697.75 118.38 67.25 57.95
Prior period/Exceptional /Extra Ordinary Items -341.34 20.58 0.00 -4.06 0.00
Profit before tax/EBT 1,734.20 677.17 118.38 71.31 57.95
Tax 459.82 176.87 38.72 23.79 16.14
Net Profit 1,274.38 500.30 79.66 47.52 41.81
Profit (loss) of minority interest 0.00 0.00 0.00 0.00 0.00
Total profit (loss) for period 1,274.38 500.30 79.66 47.52 41.81
EPS in Rs 48.46 19.03 3.84 2.46 2.26
EPS Change % 154.72% 395.46% 56.10% 8.85% -43.78%
EBITDA Change % 91.66% 366.18% 61.44% 6.87% -26.50%
Profit growth 154.72% 528.04% 67.63% 13.66% -48.73%
ROCE 26.02% 31.32% 21.53% 14.59% 19.34%
ROE 31.18% 27.21% 18.90% 13.77% 13.99%
Debt / Equity Ratio 0.08 0.15 0.74 0.84 0.31
Sales growth 3Years 80.05%
Sales growth 5Years 48.26%
Dividend per share 0.00

Balance Sheet

FY24 FY23 FY22 FY21 FY20
Share Capital 262.96 243.37 197.14 197.14 197.14
Reserves 3,824.85 1,595.04 224.24 147.99 101.74
Total shareholders' funds 4,087.81 1,838.41 421.38 345.13 298.88
Borrowings 317.32 273.48 313.08 289.57 91.76
Other Liabilities 3,938.51 2,933.25 768.09 135.70 172.61
Total Liabilities 5,597.35 5,588.93 1,731.72 895.16 597.73
Fixed Assets 1,436.38 1,091.75 611.70 271.50 141.07
Capital WIP 1,341.29 537.04 122.67 1.17 37.31
Investments 71.15 31.06 143.16 115.44 85.46
Other Assets 990.44 981.45 314.27 233.21 141.67
Total Assets 11,313.73 7,450.78 2,171.58 1,280.46 938.24
Cash Equivalents 3,779.17 1,736.42 366.37 110.21 78.70
Total Current liability 5,423.14 4,960.10 1,431.81 616.25 469.98
Total Assets -Total Current liabilty 5,890.59 2,490.68 739.77 664.21 468.26

Cash Flow

FY24 FY23 FY22 FY21 FY20
Net Cash from / (used in) Operating Activity 2.00 1,560.23 697.96 67.86 31.98
Net Cash from / (used in) Investing Activity -3.00 -2,242.51 -674.50 -227.03 29.68
Net Cash from / (used in) Financing Activity 909.18 791.17 101.06 138.05 -50.11
Net Inc/Dec In Cash And Cash Equivalents -126.05 108.88 124.52 -21.13 11.55

Share Holding Pattern

No. of Shares in Crs. % Holding
Promoters 18.91 71.91%
Non Promoters 7.39 28.09%

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