Waaree Renewables - old Sangam Advisors - can it keep on renewing?

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

  • Waaree RTL largest EPC player in Utility scale

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