♻Solar Power EPC Companies
✍About the company:
🔷Waaree Renewables Technologies Ltd:
🔸Co operates in renewable energy, particularly solar PV, with a focus on solar pumps, solar parks, captive consumption, floating solar & rooftop solar.
✍Manufacturing Facilities:
🔸Co has its energy generation site located in Maharashtra, India.
🔸The largest solar panel manufacturing capacity in India, boasting 12GW in Gujarat.
🔸Company has completed 10,000+ Projects in Pumps, Telecom & Rooftops.
✍Clientele:
🔸Arcelor Mittal
🔸Aditya Birla Group
🔸Bharat Petroleum
🔸Cello
🔸Larsen and Toubro
🔸Mumbai Metro MMRDA
🔸Mondelez International
🔸NTPC
🔸Reliance Industries Limited
🔸MSL and others.
🔷Waaree:
🔸EPC Contract: 98.4%
🔸Power Sale: 1.6%
✍Key Metrics:
🔸M Cap: ₹ 7,998 Cr.
🔸P/E: 75.4
🔸CMP: ₹ 3,840
🔸ROCE: 83.8%
🔸3 Years Sales Growth: 295%
✍Financials Highlights Q2FY24:
🔸Revenue at ₹150 Cr
🔹YOY:⬆24%
🔸Operating Profit at ₹28 Cr
🔹YOY: ⬆116%
🔸PAT at ₹18 Cr
🔹YOY: ⬆125%
✍Important Ratios/Metrics:
🔸Debt/Equity: 0.34
🔸PEG Ratio: 0.29
🔸EV/EBITDA: 51
🔸Working Capital Days: -33
✍Future Outlook:
🔸The company expects an EBITDA margin of around 15% to 25%.
🔸Company is expected to generate O&M revenue of around ₹10-10.5 Cr for the full year.
🔸Installed capacity of solar and wind expected to double to 218 GW in the next five years.
🔸Company is setting up a 1 MW green hydrogen plant integrated with the ecosystem on a BOB basis.
✍Shareholding Pattern:
🔸Promoters: 74.46%
🔸DIIs: 0.09%
🔸Retailers: 25.43%
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