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Waaree Renewables Technologies Ltd (534618)

₹1895.51.97%

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Overview
News
Financials
Q1 2024 Results
Technicals

Performance

  • Day's Low

    Day's High

    ₹1,883
    ₹1,955
  • 52 Week's Low

    52 Week's High

    ₹226.32
    ₹3,037.75
1 Month Return-4.44 %
3 Month Return-14.92 %
1 Year Return+ 608.86 %
Previous Close₹1,933.50
Open₹1,935.00
Volume1.67L
Upper Circuit-
Lower Circuit-
Market Cap₹20,137.26Cr

Key Statistics

P/E Ratio135.95
PEG Ratio15.28
Market Cap₹20,137.26 Cr
P/B Ratio14.46
EPS0

Company Information

Waaree Renewable Technologies Limited (formerly, Sangam Renewables Ltd) was incorporated in 1999 and converted into a public company in 2011. It operates in the renewable energy resources sector, primarily involved in generating power and providing consultancy services. In 2018, it commissioned a 1.66 MW rooftop project and inked deals for 10.7 MW rooftop projects spread over 6 to 9 months and 154 agrifeeder projects in Maharashtra. During 2019-2020, it allotted 10.8 million equity shares to Waaree Energies Limited (Promoter Group Company) and acquired 100% stake of the paid up capital of two companies - Waaree PV Technologies Pvt Ltd and Waasang Solar Private Limited. During the same period, the Company divested its entire investments held in Waacox Energy Private Limited and is no longer a material subsidiary.

Share Price: ₹1895.50 per share as on 18 Jul, 2024 04:01 PM
Market Capitalisation: ₹20,137.26Cr as of today
Revenue: ₹273.25Cr as on March 2024 (Q1 24)
Net Profit: ₹54.18Cr as on March 2024 (Q1 24)
Listing date: 01 Jan, 0001
Chairperson Name: Nilesh Gandhi
OrganisationWaaree Renewables Technologies Ltd
Headquarters
IndustryInfrastructure Developers & Operators
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Key events for Waaree Renewables Technologies Ltd

  • Waaree Renewables Bags Solar Power Project Order Worth ₹90 Crore - 15 Jul, 2024

    Waaree Renewables has won an EPC order worth ₹90 crore for a 30 MW DC solar power project and secured a Letter of Award for another similar project. The company's consolidated net profit jumped 81.7% to Rs 12.28 crore in Q4 FY23.

  • Waaree Renewables Witnesses Strong Growth in Q4 FY23-24 - 12 Jul, 2024

    Waaree Renewable Technologies witnessed a significant increase in revenue and profits during Q4 FY23-24, leading to strong returns for investors. The stock is currently trading at a discount of around 36% compared to its 52-week high.

  • Waaree Renewables Reports Strong Q4FY24 Results - 05 Jul, 2024

    Waaree Renewables Technologies Ltd reports a 9.7% YoY increase in revenue and a 350% increase in net profit for Q4FY24. The company has an unexecuted order book of 2.3 GWp and aims to achieve a 13 GW order book position.

Insights on Waaree Renewables Technologies Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 0.00% to 0.20% in Mar 2024 quarter

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 3 years, Waaree Renewab. stock has moved up by 6075.3%

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 74.46% of holdings in Mar 2024 quarter

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 25.45% to 25.33% in Mar 2024 quarter

  • imgNEGATIVE IMPACT

    Revenue Fall

    img

    Revenue is down for the last 2 quarters, 324.68 Cr → 274.59 Cr (in ₹), with an average decrease of 15.4% per quarter

  • imgNEGATIVE IMPACT

    Profit Down

    img

    Netprofit is down for the last 2 quarters, 64.48 Cr → 54.21 Cr (in ₹), with an average decrease of 15.9% per quarter

Company Financials

Value in ₹ crore
Q'1 24Q/Q Change
Revenue
₹273.25Cr
↓15.71%
Net Income
₹54.18Cr
↓15.95%
Net Profit Margin
19.83%
↓0.25%
2023Y/Y Change
Revenue
₹350.96Cr
↑117.31%
Net Income
₹55.33Cr
↑522.38%
Net Profit Margin
15.77%
↑186.73%
Value in ₹ crore
2023Y/Y Change
Total Assets
₹254.55Cr
↑92.67%
Total Liabilities
₹143.12Cr
↑79.10%
Value in ₹ crore
2023Y/Y Change
Operating Cash Flow
₹58.15Cr
↑73.48%

Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
74.46%
0.00
Foreign Institutions
0.2%
0.00
Mutual Funds
0%
0.00
Retail Investors
25.33%
0.00
Others
0.01%
0.00

Key Indicators

Waaree Renewables Technologies Ltd Valuation

Waaree Renewables Technologies Ltd in the last 5 years

  • Overview

  • Trends

Lowest (-3338.89x)

December 29, 2021

Industry (110.49x)

July 16, 2024

Today (135.95x)

July 16, 2024

Highest (1152.82x)

February 7, 2022

LowHigh

Earnings and Dividends

  • Waaree Renewables Technologies Ltd Earnings Results

    Waaree Renewables Technologies Ltd’s net profit jumped 341.45% since last year same period to ₹54.21Cr in the Q4 2023-2024. On a quarterly growth basis, Waaree Renewables Technologies Ltd has generated -15.93% fall in its net profits since last 3-months.

    Read More about Earnings Results
  • Waaree Renewables Technologies Ltd Dividends May,2023

    In the quarter ending March 2023, Waaree Renewables Technologies Ltd has declared dividend of ₹1 - translating a dividend yield of 0.08%.

    Read More about Dividends

Technicals Summary

Bearish

Neutral

Bullish

Bearish

Waaree Renewables Technologies Ltd is currently in a Bearish trading position according to technical analysis indicators.

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Waaree Renewables Technologies Ltd (534618) share price today is ₹1895.5

Waaree Renewables Technologies Ltd is not listed on NSE

Waaree Renewables Technologies Ltd is listed on BSE

  • Today’s highest price of Waaree Renewables Technologies Ltd is ₹1955.
  • Today’s lowest price of Waaree Renewables Technologies Ltd is ₹1883.

PE Ratio of Waaree Renewables Technologies Ltd is 135.95

PE ratio = Waaree Renewables Technologies Ltd Market price per share / Waaree Renewables Technologies Ltd Earnings per share

Today’s traded volume of Waaree Renewables Technologies Ltd(534618) is 1.67L.

Today’s market capitalisation of Waaree Renewables Technologies Ltd(534618) is ₹20137.26Cr.

Waaree Renewables Technologies Ltd(534618Price
52 Week High
₹3037.75
52 Week Low
₹226.32

Waaree Renewables Technologies Ltd(534618) share price is ₹1895.5. It is down -37.60% from its 52 Week High price of ₹3037.75

Waaree Renewables Technologies Ltd(534618) share price is ₹1895.5. It is up 737.53% from its 52 Week Low price of ₹226.32

Waaree Renewables Technologies Ltd(534618Returns
1 Day Returns
-38%
1 Month Returns
-4.44%
3 Month Returns
-14.92%
1 Year Returns
608.86%