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Waaree Renewables Technologies Ltd share Price Today

Company details

1,928.00
1,984.95
226.32
3,037.75
6M Return 283.94%
1Y Return 773.86%
Mkt Cap.(Cr) 20,137.21
Volume 137,968
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 137,968
BSE

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Electric Utilities company Waaree Renewable Technologies announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Revenue for Q4FY24 stood at Rs 273.25 crore representing a growth of 344.40% YoY as compared to Rs 61.49 crore in Q4FY23
  • EBITDA for Q4FY24 stood at Rs 75.30 crore as compared to Rs 22.29 crore in Q4FY23 representing a growth of 237.83% YoY
  • PAT for Q4FY24 stood at Rs 54.18 crore as compared to Rs 12.28 crore in Q4FY23 representing a growth of 341.41% YoY

FY24 Financial Highlights:

  • Revenue for FY24 stood at Rs 876.44 crore representing a growth of 149.73% YoY as compared to Rs 350.96 crore in FY23
  • EBITDA for FY24 stood at Rs 207.18 crore as compared to Rs 83.75 crore in FY23 representing a growth of 147.40% YoY
  • PAT for FY24 stood at Rs 148.04 crore as compared to Rs 55.33 crore in FY23 representing a growth of 167.55% YoY

Commenting on the results, Dilip Panjwani, CFO, Waaree Renewable Technologies said: "As a company committed to driving sustainable solutions, we are excited to share our progress and the significant opportunities that lie ahead. India has set an ambitious target to reduce the carbon intensity of the nation’s economy by less than 45% by the end of the decade, achieve 50 percent cumulative electric power installed by 2030 from renewables, and achieve net-zero carbon emissions by 2070. The country aims for 500 GW of renewable energy installed capacity by 2030.

The country’s renewable energy market is on the rise, with a record 69GW of bids in FY24, surpassing the government's target. Solar power, both grid-scale and rooftop, remains the primary contributor, accounting for 81% of the added capacity. The installed solar energy capacity has increased by 30 times in the last 9 years and stands at 81.81 GW as of March 2024.

Policy initiatives like the PM Surya Ghar: Muft Bijli Yojana aim to further boost solar installations, particularly in residential areas. With a strong balance sheet and disciplined financial management, the focus is on executing profitable projects with higher returns. This progress signifies not only environmental strides but also promising economic prospects in India's renewable energy landscape.

We are also pleased to inform you that the board of directors has recommended a dividend of Rs 1/- for the face value of share of Rs 2/- each. With a sound balance sheet and disciplined capital management, we are well-equipped for the next phase of growth. We also would like to extend our gratitude to stakeholders for their continued trust and support.”

Result PDF

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Waaree Renewables Technologies Ltd shares SWOT Analysis

Strengths (8)

  • Rising Net Cash Flow and Cash from Operating activity
  • Effectively using its capital to generate profit - RoCE improving in last 2 years
  • Efficient in managing Assets to generate Profits - ROA improving since last 2 year

Weakness (0)

Data not found

Opportunity (1)

  • Highest Recovery from 52 Week Low

Threats (3)

  • High PE (PE > 40)
  • Increasing Trend in Non-Core Income
  • RSI indicating price weakness
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Resistance and support

R1 1,969.6
R2 2,005.8
R3 2,026.6
Pivot

1,948.82

S1 1,912.7
S2 1,891.9
S3 1,855.7
EMA SMA
1,996.3
2,033.6
1,833.6
1,404.0
1,975.8
2,146.3
1,938.4
1,180.5
Delivery and volume
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CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
HARSHIL KOTHARI Bulk Sell 2021-05-04 60.05 199000 BSE
ALPHA LEON ENTERPRISES LLP Bulk Purchase 2021-04-12 55.04 8 BSE
ALPHA LEON ENTERPRISES LLP Bulk Sell 2021-04-12 55.1 120003 BSE
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Name Category Shares
WAAREE ENERGIES LIMITED PROMOTER 74.46%

FINANCIALS

Sales
Operating Profit
Profit after Tax
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Equity
Reserves and Surplus
Debt
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Sales
Operating Profit
Profit after Tax
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PE
Debt/Equity
P BV
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Waaree Renewables Technologies Ltd Stocks COMPARISON

Financials( ₹ in Cr) Waaree Renewables Technologies Ltd Larsen & Toubro Ltd Rail Vikas Nigam Ltd GMR Airports Infrastructure Ltd IRB Infrastructure Developers Ltd
Price 1,933.50 3,636.55 620.15 96.91 70.98
% Change -1.89 -0.37 1.67 -0.66 4.37
Mcap ₹ Cr 20,137.21 499,905.26 129,302.52 58,494.34 42,864.82
Revenue TTM ₹ Cr 350.96 221,112.91 20,281.57 6,693.40 6,401.64
Net Profit TTM ₹ Cr 55.33 15,569.72 1,420.55 -839.93 720.01
PE TTM 135.97 38.85 82.14 0.00 70.96
1 Year Return 773.86 49.12 407.28 118.27 166.34
ROCE 26.61 14.45 17.22 0.00 6.36
ROE 34.02 17.72 20.81 0.00 5.55
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INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 85.14 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 21,424.68 50,451.86
LAST 3M 100,072.29 51,097.20
LAST 6M 183,053.48 43,859.44
LAST 12M 309,832.68 84,987.81

Waaree Renewables Technologies Ltd Information

Stock PE (TTM)
135.97
Promoter Holding
74.46%
Book Value
22.3007
ROCE
26.61%
ROE
34.02%
Description

  • Sangam Renewables Ltd was originally incorporated on 22 June 1999. The Company got converted into a Public Company on November 18, 2011 and thereafter the name of the Company was changed from `Sangam Renewables Limited` to `Waaree Renewable Technologies Limited` vide fresh Certificate of Incorporation issued by the Registrar of Companies on July 19, 2021. Since the Company has solar generation site located in the State of Maharashtra, it operates in generation of power business through renewable energy resources and also in providing consultancy service. During year 2018, the Company commissioned 1.66 MW rooftop project, inked 10.7 MW roof-top projects to be executed over 6 to 9 months and signed PPA for 154 agri-feeder projects in Maharashtra. During FY 2019-20, the Company commissioned 1.64 MWp rooftop projects, signed PPAs for 18.60 MWp rooftop and ground mounted projects. A total of 42.2 MWp are under construction. During the year 2019-20, the Company allotted 10,800,000 equity shares of the face value of Rs.10/- each to Waaree Energies Limited, a Promoter Group Company and with this allotment, the Company became subsidiary of Waaree Energies Limited effective from April 08, 2019. During FY 2019-20, the Company acquired 10000 equity shares of face value of Rs. 10/- each of Waaree PV Technologies Pvt Ltd representing 100% of the paid up equity share capital of the Company and with this acquisition, Waaree PV Technologies Pvt Ltd became the wholly owned subsidiary of the Company with effect from April 08, 2019. During the year 2019-20, the Company acquired balance 2600 equity shares of face value of Rs 10/- each of Waasang Solar Private Limited representing 100% of the paid up equity share capital of the Company and with this acquisition, Waasang Solar Private Limited became the wholly owned subsidiary of the Company with effect from December 10, 2019. The Company had divested its entire investments held in Waacox Energy Private Limited and is ceased to be the material subsidiary company of the Company with effect from July 5 ,2021.

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Registered Address

504-B Western Edge-1, Off W/E Highway Borivali (E), Mumbai, Maharashtra, 400066

Tel : 91-22-43331500
Email : info:waareertl.com
Website : http://www.waareertl.com
Registrar

Purva Sharegistry (I) Pvt Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 534618
NSE Code :
Book Closure Date (Month) : Sep
BSE Group : T
ISIN : INE299N01021

FAQ’s on Waaree Renewables Technologies Ltd Shares

You can buy Waaree Renewables Technologies Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Waaree Renewables Technologies Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jul 16, 2024 04:01 PM the closing price of Waaree Renewables Technologies Ltd was Rs.1,933.50.

The latest PE ratio of Waaree Renewables Technologies Ltd as of Jul 16, 2024 04:01 PM is 135.97

The latest PB ratio of Waaree Renewables Technologies Ltd as of Jul 16, 2024 04:01 PM is 0.01

The 52-week high of Waaree Renewables Technologies Ltd share price is Rs. 3,037.75 while the 52-week low is Rs. 226.32

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 Jul 16, 2024 04:01 PM, the market cap of Waaree Renewables Technologies Ltd stood at Rs. 20,137.21 Cr.

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