Hi …Any views on Waaree energies . It is currently trading around rs 2000 in unlisted market ? is current valuation worth investing , considering it has almost 75% holding of Warree renewables ?
Would you know what are its sales, profits, debt levels? And are they converting profits to cash? Ravi Dharamshi did take a stake sometime ago in it.
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Very good article on WRTL by moneylife explaining multiple facets on why they command higher margins and lean WC among EPC players and how they are uniquely placed among private IPP players. They are also very cautious on valuation front like everyone.
Disclosure:Invested before the run up and holding nervously
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Waaree has come out with FY2024 results
Interestingly it has maintained EBITDA Margin.
Also Q4 was pivotal in terms of order wins
Completed Year with a solid Orderbook of 2.3 GW
Source: Investor presentation
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Financial Highlights (as of March 31, 2024)
- Standalone Financial Results:
- Revenue from Operations: ₹27,054.19 lakhs for Q4 2024; ₹86,736.13 lakhs for FY 2024.
- Total Income: ₹27,294.07 lakhs for Q4 2024; ₹87,548.87 lakhs for FY 2024.
- Profit before Tax: ₹7,151.06 lakhs for Q4 2024; ₹20,029.00 lakhs for FY 2024.
- Net Profit: ₹5,278.74 lakhs for Q4 2024; ₹14,893.57 lakhs for FY 2024.
- Earnings per Share (Basic and Diluted): ₹5.07 for Q4 2024; ₹14.30 for FY 2024.
- Consolidated Financial Results:
- Revenue from Operations: ₹27,324.76 lakhs for Q4 2024; ₹87,643.86 lakhs for FY 2024.
- Total Income: ₹27,458.50 lakhs for Q4 2024; ₹87,988.53 lakhs for FY 2024.
- Profit before Tax: ₹7,154.37 lakhs for Q4 2024; ₹19,840.89 lakhs for FY 2024.
- Net Profit: ₹5,418.45 lakhs for Q4 2024; ₹14,804.08 lakhs for FY 2024.
- Earnings per Share (Basic and Diluted): ₹5.20 for Q4 2024; ₹14.22 for FY 2024.
Dividend Declaration
- The Board of Directors has recommended a dividend of ₹1.00 per equity share of ₹2.00 each for the financial year ended March 31, 2024.
Assets and Liabilities (as of March 31, 2024)
- Standalone Statement of Assets and Liabilities:
- Total Assets: ₹69,601.98 lakhs
- Total Equity: ₹25,935.54 lakhs
- Total Liabilities: ₹43,666.44 lakhs
- Consolidated Statement of Assets and Liabilities:
- Total Assets: ₹71,402.02 lakhs
- Total Equity: ₹23,202.88 lakhs
- Total Liabilities: ₹48,199.16 lakhs
Cash Flow Highlights (FY 2024)
- Standalone Cash Flow:
- Net Cash Inflow from Operating Activities: ₹11,753.13 lakhs
- Net Cash Outflow from Investing Activities: ₹11,527.69 lakhs
- Net Cash Inflow from Financing Activities: ₹422.96 lakhs
- Consolidated Cash Flow:
- Net Cash Inflow from Operating Activities: ₹12,679.56 lakhs
- Net Cash Outflow from Investing Activities: ₹11,398.02 lakhs
- Net Cash Outflow from Financing Activities: ₹648.03 lakhs
Key Announcements and Notes
- Amalgamation: Approval by NCLT for the amalgamation of Sangam Rooftop Solar Private Limited, Waaree PV Technologies Private Limited, and Waasang Solar Private Limited with Waaree Renewable Technologies Limited.
- ESOP Grants: Issuance of 97,910 options on 22-07-2022, 17,820 options on 28-03-2023, and 10,810 options on 26-10-2023 under the Company’s Employees Stock Option Plan (ESOP) 2022.
- Share Capital Changes: The company has allotted 73,095 equity shares during the year, increasing the paid-up equity share capital from 10,40,74,170 equity shares to 10,41,49,265 equity shares.
- Sub-Division of Shares: Approved sub-division of equity shares from a face value of ₹10 each to ₹2 each.
Disclosure: Invested
https://www.bseindia.com/xml-data/corpfiling/AttachHis/d9aabcc4-17dc-4c11-9952-a52d7bc68e6c.pdf
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Hello.
I am posting here since no separate company thread and group company.
I have been told that Waaree Technology is building a 2GW BESS plant. Since it’s yet to start production, results are poor.
Where to find this info?
IMHO, It should reflect in CWIP.
Can anyone point me to right resource?
Thanks in advance.
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order book 3,200 CR which is sitting on the books then there’s an pipeline of 13 gwatt that we are already discussing with our customers even combining these two and you know you put a conversion rate of 30 to 40% .
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Hi,
I am tracking waaree from last 1 year, many times feels like to take a position for long term, Any views?