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Waaree Energies Ltd share price logo

Waaree Energies Ltd

(WAAREEENER)

₹2721.456.22%

as on 04:01PM, 21 Nov 2024

Overview
News
Financials
Q2 2024 Results

Waaree Energies Ltd Performance

  • Day's Low

    Day's High

    ₹2,690
    ₹2,915
  • 52 Week's Low

    52 Week's High

    ₹2,300
    ₹3,743
1 Month Return+ 24.07 %
3 Month Return+ 24.07 %
1 Year Return+ 24.07 %
Previous Close₹2,901.80
Open₹2,883.00
Volume22.83L
Upper Circuit-
Lower Circuit-
Market Cap₹83,363.84Cr

Waaree Energies Ltd Key Statistics

P/E Ratio124.8
PEG Ratio218.94
Market Cap₹78,652.85 Cr
P/B Ratio3.46
EPS0.81
Dividend Yield0.1
SectorCapital Goods - Electrical Equipment
ROE0.84

Waaree Energies Ltd Peer Comparison

Company
Analyst ViewMarket Cap5 Year CAGRDebt to Asset RatioNet ProfitYearly Revenue
HOLD₹78,652.85 Cr61.47%0.71₹282 Cr₹23,892 Cr
BUY₹49,711.16 Cr308.55%0.57NANA
BUY₹84,221.19 Cr498.5%0.59₹660 Cr₹6,529 Cr
BUY₹38,076.75 Cr386.79%0.55₹825 Cr₹16,152 Cr
HOLD₹49,305.70 Cr6.05%0.00₹231 Cr₹3,143 Cr

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: ₹2721.45 per share as on 21 Nov, 2024 04:01 PM
Market Capitalisation: ₹83,363.84Cr 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 Faces Mixed Growth Outlook - 21 Nov, 2024

    Waaree Energies shows potential for growth through domestic and international expansion, supported by a strong order book. However, Q2FY25 revenue was impacted by reduced export share and pricing changes, raising concerns about future topline performance.

  • Waaree Energies Faces Stock Decline Despite Profit Growth - 20 Nov, 2024

    Waaree Energies shares have dropped 22% from record highs, closing at Rs 2,899.45. Q2 FY25 net profit rose 15% YoY, but revenue growth was muted due to higher expenses. The company is focusing on expansion plans and reducing import dependency through local manufacturing.

  • Waaree Energies Reports Mixed Q2 Results Amid Investment Plans - 19 Nov, 2024

    Waaree Energies plans a ₹6,000 crore investment to boost renewable energy projects. Q2 FY25 results show a profit increase, but shares fell 6% due to muted revenue growth.

  • Waaree Energies Reports Strong Q2 Results and Market Surge - 18 Nov, 2024

    Waaree Energies' Q2 FY25 results showed a 17% profit increase to ₹375.6 crore. The stock surged 6.64%, boosting market cap significantly.

  • Waaree Energies Set to Announce Q2 Results - 17 Nov, 2024

    Waaree Energies Ltd will publish its Q2 results on November 18, marking its first financial disclosure post-IPO, where it raised Rs 4,321 crore.

  • Waaree Energies Shows Strong Technical Setup - 13 Nov, 2024

    Waaree Energies is currently trading at Rs 2,863, with a recommended buy strategy. The stock has rebounded from key support levels, indicating potential upward momentum, targeting Rs 3,600 with a stop loss at Rs 2,700.

  • Waaree Energies Announces Q2 Results and Expansion Plans - 12 Nov, 2024

    Waaree Energies is set to announce its first quarterly results post-IPO while establishing a 5 GW manufacturing facility in Texas. Analysts recommend buying the stock.

  • Waaree Energies Shares Plummet Amid Trump Concerns - 11 Nov, 2024

    Waaree Energies shares have fallen nearly 20% in three sessions due to fears of reduced renewable energy exports to the US following Trump's victory. The stock's decline reflects investor concerns about the future of the renewable sector under Trump's leadership, impacting companies reliant on US markets.

  • Waaree Energies Faces Significant Share Price Drop - 08 Nov, 2024

    Waaree Energies shares fell over 10% due to concerns about potential declines in renewable energy exports to the US during Trump's presidency, impacting market capitalization significantly.

  • Waaree Energies Stock Experiences Profit-Taking - 07 Nov, 2024

    Waaree Energies stock, after a strong debut and a 150% gain, fell 8% to Rs 3,354 as investors took profits following a recent rally.

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.

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 1 month, WAAREEENER stock has moved up by 24.1%

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 64.30% 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

    FII Holding Unchanged

    img

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

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%)₹7,355.09Cr (↑258.53%)₹10,717.30Cr (↑45.71%)
Total Liabilities₹758.22Cr (-)₹1,623.12Cr (↑114.07%)₹5,412.21Cr (↑233.44%)₹6,614.34Cr (↑22.21%)
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

₹15,107.83

-0.9 (-136.74%)

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 %4.373.696.5611.54

Waaree Energies Ltd Valuation

Waaree Energies Ltd in the last 5 years

  • Overview

  • Trends

Lowest (42.87x)

October 28, 2024

Today (53.19x)

November 19, 2024

Industry (132.71x)

November 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

FAQs on Waaree Energies Ltd

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Waaree Energies Ltd (WAAREEENER) share price today is ₹2721.45

Waaree Energies Ltd is listed on NSE

Waaree Energies Ltd is listed on BSE

  • Today’s highest price of Waaree Energies Ltd is ₹2915.
  • Today’s lowest price of Waaree Energies Ltd is ₹2690.

PE Ratio of Waaree Energies Ltd is 53.19

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 22.83L.

Today’s market capitalisation of Waaree Energies Ltd(WAAREEENER) is ₹83363.84Cr.

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

Waaree Energies Ltd(WAAREEENER) share price is ₹2721.45. It is down -27.29% from its 52 Week High price of ₹3743

Waaree Energies Ltd(WAAREEENER) share price is ₹2721.45. It is up 18.32% from its 52 Week Low price of ₹2300

Waaree Energies Ltd(WAAREEENERReturns
1 Day Returns
-180.35%
1 Month Returns
24.07%
3 Month Returns
24.07%
1 Year Returns
24.07%