Waaree Renewables Technologies Ltd: The shares of Waaree Renewables Ltd are in the news on Monday. The shares of the company rose 3.6 percent, reaching an intraday high of around Rs 1,980.
A purchase of Rs 90 crore has triggered the rise in the stock price of the company. Waaree Renewables Ltd said that it received an order worth the sum of Rs 90 crore.
The company did not specify where it got this order. The company claims that the corporation from which the order came is among the largest and most diverse producers of seamless tubes.
What Is The Detail?
The contract is for the implementation of the engineering procurement and construction (EPC) work in a solar power plant that has a capacity of 30MW DC based on a turnkey.
Waaree will design the project in conjunction with the clients according to the specifications of the order. According to reports, the work will conclude during the year 2025.
Share Status
Waaree Renewables shares are trading 2.6 percent higher at Rs 1,960 at the time of writing. The stock has gained 350 percent through 2024.
The stock has increased 633 percent over the past twelve months. In the past five years, the stock has yielded a profit in the range of 66,493 percent.
In this time it has seen its price rise by Rs 2 to its current price. In the period, it has increased the amount invested from Rs 1 lakh to over the amount of Rs 9 crore.
The 52-week highest price for Waaree Renewables shares is Rs 3037.75 and the 52-week low is 226.32. The market capitalization that the firm has is Rs 20,241.41 crore.
Waaree Renewable Technologies Stock Performance
| Current Price | ₹ 1,948 |
| 52-wk High | ₹ 3,038 |
| 52-wk Low | ₹ 226 |
| 5 Days Return | -2.34% |
| 1 Month Return | -3.71% |
Key Fundamentals Parameters
| Market Cap | ₹ 20,291 Cr. |
| Stock P/E | 137 |
| Book Value | ₹ 22.3 |
| Dividend | 0.01 % |
| ROCE | 103 % |
| ROE | 93.3 % |
| Face Value | ₹ 2.00 |
| P/B Value | 87.4 |
| OPM | 23.6 % |
| EPS | ₹ 14.2 |
| Debt | ₹ 41.2 Cr. |
| Debt to Equity | 0.18 |
Waaree Renewable Technologies Shareholding Pattern
| Promoters Holding | |
| Mar 2023 | 74.51% |
| June 2023 | 74.51% |
| Sept 2023 | 74.48% |
| Dec 2023 | 74.46% |
| Mar 2024 | 74.46% |
| FII Holding | |
| Mar 2023 | 0.00% |
| June 2023 | 0.00% |
| Sept 2023 | 0.00% |
| Dec 2023 | 0.00% |
| Mar 2024 | 0.20% |
| DII Holding | |
| Mar 2023 | 0.00% |
| June 2023 | 0.00% |
| Sept 2023 | 0.00% |
| Dec 2023 | 0.09% |
| Mar 2024 | 0.01% |
| Public Holding | |
| Mar 2023 | 25.48% |
| June 2023 | 25.49% |
| Sept 2023 | 25.51% |
| Dec 2023 | 25.43% |
| Mar 2024 | 25.33% |
Waaree Renewable Technologies Share: Last 5 Years’ Financial Condition
Last 5 Years’ Sales:
| 2020 | ₹ 6 Cr |
| 2021 | ₹ 13 Cr |
| 2022 | ₹ 162 Cr |
| 2023 | ₹ 351 Cr |
| 2024 | ₹ 876 Cr |
Last 5 Years’ Net Profit:
| 2020 | ₹ -3 Cr |
| 2021 | ₹ -2 Cr |
| 2022 | ₹ 9 Cr |
| 2023 | ₹ 55 Cr |
| 2024 | ₹ 148 Cr |
Conclusion
The information and forecasts provided result from the analysis of our research team, the company’s basics and history, experience and various technical analyses.
Also, we’ve talked in depth about the shares’ prospects and growth possibilities.
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