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Waaree Energies Ltd

(WAAREEENER)

₹2879.355.26%

as on 04:01PM, 20 Dec 2024

Overview
News
Financials
Q2 2024 Results
Technicals

Waaree Energies Ltd Performance

  • Day's Low

    Day's High

    ₹2,865
    Day's Price Range
    ₹3,085.95
  • 52 Week's Low

    52 Week's High

    ₹2,300
    52-Week Price Range
    ₹3,743
1 Month Return+ 11.67 %
3 Month Return+ 29.94 %
1 Year Return+ 29.94 %
Previous Close₹3,039.10
Open₹3,073.55
Volume21.06L
Upper Circuit-
Lower Circuit-
Market Cap₹87,395.86Cr

Waaree Energies Ltd Key Statistics

P/E Ratio92.73
PEG Ratio6.64
Market Cap₹58,172.43 Cr
P/B Ratio0
EPS0
Dividend Yield0
SectorCapital Goods - Electrical Equipment
ROE3.09

Waaree Energies Ltd Peer Comparison

Company
Analyst ViewMarket Cap5 Year CAGRDebt to Asset RatioNet ProfitYearly Revenue
HOLD₹58,172.43 Cr10.85%0.00₹231 Cr₹3,143 Cr
BUY₹91,981.85 Cr634.15%0.59₹660 Cr₹6,529 Cr
BUY₹54,423.79 Cr347.53%0.57NANA
BUY₹40,234.19 Cr488.08%0.55₹825 Cr₹16,152 Cr
BUY₹52,564.50 Cr269.07%0.54NANA

About Waaree Energies Ltd

Waaree Energies Limited was originally incorporated as Anmol Fluid Connectors Private Limited at Mumbai on December 18 1990 issued by the RoC. Thereafter name of Company changed to Waaree Solar Private Limited on April 25 2007 and later on the name was further changed to Waaree Energies Private Limited pursuant to Certificate of Incorporation on December 12 2007. Accordingly the Company converted into a Public Company on March 8 2013 and consequently the name was changed to Waaree Energies Limited pursuant to a fresh Certificate of Incorporation issued by the RoC on May 2 2013. The Company is one of the major players in the solar energy industry in India focused on PV module manufacturing. Presently it is engaged in manufacture of Solar Photovoltaic Modules setting up of Projects in solar space and sale of electricity. It operate 3 manufacturing facilities comprising 4 factories in India: at Surat Tumb and Nandigram in Gujarat India. In 2007 the Company got into the business in manufacturing line of solar energy with an operational capacity of 30 MW module. In 2014 it formed a joint venture with North Eastern Electric Power Corporation Limited NEEPCO for implementation of solar power project in Sehore Madhya Pradesh. In 2017 it acquired 40 shares in Waaneep Solar Private Limited from NEEPCO and accordingly Waaneep Solar Private Limited became the wholly owned subsidiary of the Company.In 2018 it commissioned solar photovoltaic modules plant having capacity of 1000MW. It got into a Share Purchase Agreement for sale of investments in the whollyowned subsidiary Waaneep Solar Private Limited. In March 2021 the Company acquired 500 MW Solar Module manufacturing facility which took the total installed capacity to 2GW. The Company is planning to come out with an initial public offer by raising capital of Rs 1350 crore equity shares through fresh issue and by issuing 4007500 equity shares through offer for sale..

Share Price: ₹2879.35 per share as on 20 Dec, 2024 04:01 PM
Market Capitalisation: ₹87,395.86Cr as of today
Revenue: ₹3,574.38Cr as on September 2024 (Q3 24)
Net Profit: ₹375.66Cr as on September 2024 (Q3 24)
Listing date: 28 Oct, 2024
Chairperson Name: HITESH CHIMANLAL DOSHI
OrganisationWaaree Energies Ltd
Headquarters
IndustryCapital Goods - Electrical Equipment
E-voting on sharesClick here to vote

Key events for Waaree Energies Ltd

  • Waaree Energies Launches US Solar Production and Reports Growth - 20 Dec, 2024

    Waaree Energies has commenced trial production of solar modules in Texas, with plans for significant investment and expansion. The company reported strong financial growth, including a 68.83% increase in revenue and a 14.77% rise in net profit for Q2 FY25.
  • Waaree Energies Joins UN Global Compact Initiative - 18 Dec, 2024

    Waaree Energies has aligned with the United Nations Global Compact initiative, committing to sustainable practices in human rights, labor standards, environmental stewardship, and anti-corruption.
  • Waaree Energies Secures Major Solar Module Orders - 16 Dec, 2024

    Waaree Energies has secured two significant contracts totaling 398 MW for solar module supply, enhancing its position in the renewable energy sector. The company also reported a substantial order book of 20 GW, indicating strong growth potential despite recent stock fluctuations.
  • Waaree Energies Expands with New Acquisitions - 15 Dec, 2024

    Waaree Energies Ltd's subsidiary, Waaree Power Pvt. Ltd., will acquire a 55% stake in Ewaa Renewable Techno Solutions for Rs 5.50 crore. The company has also seen a 113% return post-IPO, with shares currently up 26% since debut. Additionally, a new subsidiary has been established in Australia to focus on renewable energy.
  • Waaree Energies Secures Major Solar Orders and Projects - 11 Dec, 2024

    Waaree Energies has experienced significant stock gains following the announcement of a 1 GW solar module supply order and a 170 MW project in Madhya Pradesh, reflecting strong investor confidence in its renewable energy initiatives.
  • Waaree Energies Stock Rises on Major Order Announcement - 10 Dec, 2024

    Waaree Energies shares surged over 7% following the announcement of a significant order to supply 1 GW of solar modules, boosting investor confidence. The company reported a 14.77% increase in net profit for Q2, reflecting strong operational performance.
  • Waaree Energies Secures Major Solar Module Order - 09 Dec, 2024

    Waaree Energies Ltd. has announced a significant contract to supply up to 1 GW of solar modules, reinforcing its position in India's renewable energy sector. The order will be executed over the next two fiscal years, highlighting the growing demand for solar solutions.
  • Waaree Energies Reports Strong Growth and Demand - 08 Dec, 2024

    Waaree Energies Ltd, India's largest solar PV module manufacturer, reported a 1% YoY revenue increase and an 18% rise in net profit for Q2FY25. The company has a robust order book of 1.7 GW and an active bidding pipeline of 17.8 GW, indicating strong demand. Waaree is expanding production capacity, including a new U.S. facility, to meet growing needs.
  • Waaree Energies Achieves 92% Return Post IPO - 07 Dec, 2024

    Waaree Energies Ltd, India's largest solar PV module manufacturer, has launched a new subsidiary in Australia and secured NABL accreditation for its PV Module Test Lab. The stock debuted with a 66.3% premium and has since provided investors with a remarkable 92% return.
  • Waaree Energies Expands Global Presence and Recognition - 06 Dec, 2024

    Waaree Energies Ltd. achieved significant milestones on December 6, 2024, with Hitesh Doshi winning an award, launching an Australian subsidiary, and gaining NABL accreditation, boosting investor confidence.
  • Waaree Energies Expands Manufacturing and Testing Capabilities - 05 Dec, 2024

    Waaree Energies is expanding its manufacturing capacity with a new facility in Texas and aims for an 11.4 GW integrated solar facility by FY27. The company also secured NABL accreditation for its testing lab, enhancing its market position.
  • Waaree Energies Faces Significant Stock Correction - 04 Dec, 2024

    Waaree Energies shares have dropped 33% from their peak, correcting from an all-time high of Rs 3,743. Analysts express concerns over future renewable energy exports amid political changes in the US. The stock is currently trading near a crucial demand zone, with expectations of a potential trend reversal if it maintains the Rs 2,500 level.
  • Waaree Energies Secures Major Solar PV Orders - 03 Dec, 2024

    Waaree Energies Limited has secured significant orders totaling 524 MWp for solar PV modules, reinforcing its strong position in India's renewable energy market. The company boasts a 20-GW order book and plans for expansion, including a new facility in Texas.
  • Waaree Energies Secures Major Solar Module Orders - 02 Dec, 2024

    Waaree Energies has secured two significant solar module supply orders totaling 524 MW, set to commence in FY24-25. The company continues to strengthen its position in the solar energy market.
  • Waaree Energies Sees Share Price Increase and Investment - 01 Dec, 2024

    Waaree Energies Limited's shares rose 2% to Rs. 2,690. BlackRock invested ~Rs. 31.75 Crores during the IPO, reflecting strong market interest.
  • Waaree Energies Stock Declines Post Q2 Results - 29 Nov, 2024

    Waaree Energies' stock fell 0.79% to ₹2,613.15 following a 30.1% decline since its record high on November 6, despite a 15% YoY profit increase.
  • Waaree Energies Expands Solar Manufacturing Capacity - 28 Nov, 2024

    Waaree Energies, a key player in India's solar market, has expanded its PV module manufacturing capacity to 12 GW as of June 30, 2023, with facilities in multiple locations across Gujarat and Uttar Pradesh.
  • Waaree Energies Secures Major Solar Module Order - 27 Nov, 2024

    Waaree Energies Limited has secured a significant order for 600 MWp of solar PV modules, enhancing its position in the renewable energy sector. The company plans to expand its manufacturing capacity and aims for a total of 20.9 GW by 2027.
  • Waaree Energies Secures Major Solar Module Order - 26 Nov, 2024

    Waaree Energies has received a significant order for 600 MWp solar modules, set to begin delivery in FY2025-26. Despite this positive development, shares fell due to recent disappointing earnings and market pressures.
  • Waaree Energies Faces Decline Despite Profit Growth - 25 Nov, 2024

    Waaree Energies shares have dropped nearly 30% from their peak, trading at ₹2,634.35. Despite this, the company reported a 14.7% YoY profit increase in Q2 FY25.

Insights on Waaree Energies Ltd

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

  • imgNO EFFECT

    FII Holding Unchanged

    img

    Foreign Institutions holdings remained unchanged at 2.23% of holdings in Oct 2024 quarter

  • imgNO EFFECT

    Retail Holding Unchanged

    img

    Retail Investor holdings remained unchanged at 30.45% of holdings in Oct 2024 quarter

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 64.30% of holdings in Oct 2024 quarter

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 7 days, WAAREEENER stock has moved down by -7.6%

Waaree Energies Ltd Financials

Value in ₹ crore
DetailsQ'2 23Q'3 23Q'2 24Q'3 24
Revenue₹3,328.29Cr (-)₹3,537.30Cr (↑6.28%)₹3,408.90Cr (↓3.63%)₹3,574.38Cr (↑4.85%)
Net Income₹338.27Cr (-)₹320.12Cr (↓5.37%)₹401.13Cr (↑25.31%)₹375.66Cr (↓6.35%)
Net Profit Margin10.16% (-)9.05% (↓10.93%)11.77% (↑30.06%)10.51% (↓10.71%)
Value in ₹ crore
Details2021202220232024
Total Assets₹1,109.27Cr (-)₹2,051.46Cr (↑84.94%)₹7,345.02Cr (↑258.04%)₹10,717.30Cr (↑45.91%)
Total Liabilities₹758.22Cr (-)₹1,623.12Cr (↑114.07%)₹5,402.14Cr (↑232.82%)₹6,614.34Cr (↑22.44%)
Value in ₹ crore
Details20202021202220232024
Operating Cash Flow₹8.02Cr (-)₹80.53Cr (↑904.11%)₹571.51Cr (↑609.69%)₹1,491.72Cr (↑161.01%)₹2,116.33Cr (↑41.87%)

Index Inclusions

BSE IPO

₹16,279.53

-1.42 (-233.99%)

Waaree Energies Ltd Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
64.3%
0.00
Foreign Institutions
2.23%
0.00
Mutual Funds
1.18%
0.00
Retail Investors
30.45%
0.00
Others
1.83%
0.00

Waaree Energies Ltd Key Indicators

Details20202021202220232024
Return On Equity %16.0815.3717.8838.8129.59
Details2021202220232024
Return On Assets %4.443.696.5711.54

Waaree Energies Ltd Valuation

Waaree Energies Ltd in the last 5 years

  • Overview

  • Trends

Lowest (42.87x)

October 28, 2024

Today (55.70x)

December 19, 2024

Industry (148.94x)

December 19, 2024

Highest (66.65x)

November 6, 2024

LowHigh

Waaree Energies Ltd Earnings and Dividends

  • Waaree Energies Ltd Earnings Results

    Waaree Energies Ltd’s net profit jumped 14.78% since last year same period to ₹361.65Cr in the Q2 2024-2025. On a quarterly growth basis, Waaree Energies Ltd has generated -8.24% fall in its net profits since last 3-months.

    Read More about Earnings Results

Waaree Energies Ltd Technicals Summary

Bearish

Neutral

Bullish

Bearish

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

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Waaree Energies Ltd (WAAREEENER) share price today is ₹2879.35

Waaree Energies Ltd is listed on NSE

Waaree Energies Ltd is listed on BSE

  • Today’s highest price of Waaree Energies Ltd is ₹3085.95.
  • Today’s lowest price of Waaree Energies Ltd is ₹2865.

PE Ratio of Waaree Energies Ltd is 55.7

PE ratio = Waaree Energies Ltd Market price per share / Waaree Energies Ltd Earnings per share

Today’s traded volume of Waaree Energies Ltd(WAAREEENER) is 21.06L.

Today’s market capitalisation of Waaree Energies Ltd(WAAREEENER) is ₹87395.86Cr.

Waaree Energies Ltd(WAAREEENERPrice
52 Week High
₹3743
52 Week Low
₹2300

Waaree Energies Ltd(WAAREEENER) share price is ₹2879.35. It is down -23.07% from its 52 Week High price of ₹3743

Waaree Energies Ltd(WAAREEENER) share price is ₹2879.35. It is up 25.19% from its 52 Week Low price of ₹2300

Waaree Energies Ltd(WAAREEENERReturns
1 Day Returns
-159.75%
1 Month Returns
11.67%
3 Month Returns
29.94%
1 Year Returns
29.94%