♻Waaree Renewables Technologies Ltd. CMP – 4233 ♻Solar Power EPC Companies

♻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%

www.aasthafintech.com 

 

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