Shares of waaree renewable technologies, a company related to the solar business, are making waves.
Even in the sharply falling market, on Tuesday, shares of waaree renewable technologies reached Rs 1551.65 with an upper circuit of 5%.
Shares of Waaree Renewable have increased from Rs 2 to Rs 1500 in the last 4 years.
Shares of multi-bagger company waaree renewable technologies have given returns of more than 75000% to investors in the last 4 years.
Its shares were worth Rs 2.06 on the 20th of March 2020. They have now risen to the amount of 1551.65.
The Company Has Distributed Shares
Waaree Renewable has done a stock split. The record date for the distribution of shares was March 15, 2024.
The solar company has divided its Rs 10 face value shares into Rs 2 face value shares. waaree renewable technologies has also given a one-time gift of bonus shares to its investors.
The company gave bonus shares at a ratio of 57:100 in July 2014. That is, waaree renewable technologies has given 57 shares to investors for every 100 shares.
Shares Jumped 971% In One Year
Shares of waaree renewable technologies have jumped 971% in the last year. The company’s shares were at Rs 144.82 on March 20, 2023.
At the same time, shares of waaree renewable technologies have reached Rs 1551.65 on March 19, 2024.
In the last 6 months, the shares of waaree renewable technologies have seen a rapid rise of 531%.
In the last 6 months, shares of the solar company have increased from Rs 245.65 to Rs 1551.65.
At the same time, so far this year, the shares of waaree renewable technologies have seen a rise of 253%. The 52-week high value of shares in the company is at 1641.
In the same way, the 52-week low level of shares held by waaree renewable technologies is Rs 136.02.
About Waaree Renewables Technologies
Waaree Renewables Technology Limited (WRTL) is an affiliate part of Waaree Group. It is a leading company that manufactures renewable energy.
It is engaged in the business of generation of power and providing consultancy services. It is headquartered in Mumbai, Maharashtra.
It offers sustainable partnerships and provides renewable energy solutions to industrial, institutional, and commercial sectors.
It also improves profitability through the long-term renewable power supply. It generates maximum revenue from the EPC Contracts.
Its projects include Ground Mounted, Rooftop Solar, and Floating Solar. Waaree Group has successfully installed 10000+ solar projects, with a total operating capacity of 600+ MW.
Fundamental Analysis of Waaree Renewables Technologies Ltd
| Market Cap | ₹ 16,160 Cr. |
| Current Price | ₹ 1,552 |
| 52-wk High | ₹ 1,641 |
| 52-wk Low | ₹144 |
| Stock P/E | 152 |
| Book Value | ₹ 10.8 |
| Dividend | 0.01 % |
| ROCE | 83.8 % |
| ROE | 95.8 % |
| Face Value | ₹ 2.00 |
| P/B Value | 143 |
| OPM | 23.2 % |
| EPS | ₹ 10.2 |
| Debt | ₹ 38.7 Cr. |
| Debt to Equity | 0.34 |
Waaree Renewables Technologies Ltd Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 74.51% |
| Mar 2023 | 74.51% |
| June 2023 | 74.51% |
| Sept 2023 | 74.48% |
| Dec 2023 | 74.46% |
| FII Holding | |
| Dec 2022 | 0.00% |
| Mar 2023 | 0.00% |
| June 2023 | 0.00% |
| Sept 2023 | 0.00% |
| Dec 2023 | 0.00% |
| Public Holding | |
| Dec 2022 | 25.49% |
| Mar 2023 | 25.58% |
| June 2023 | 25.49% |
| Sept 2023 | 25.51% |
| Dec 2023 | 25.43% |
| DII Holding | |
| Dec 2022 | 0.00% |
| Mar 2023 | 0.00% |
| June 2023 | 0.00% |
| Sept 2023 | 0.00% |
| Dec 2023 | 0.09% |
Waaree Renewables Technologies Share: Last 5 Years’ Financial Condition
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 7 Cr |
| 2020 | ₹ 6 Cr |
| 2021 | ₹ 13 Cr |
| 2022 | ₹ 162 Cr |
| 2023 | ₹ 665 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ -2 Cr |
| 2020 | ₹ -3 Cr |
| 2021 | ₹ -2 Cr |
| 2022 | ₹ 9 Cr |
| 2023 | ₹ 106 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 3.96 |
| 2020 | 1.53 |
| 2021 | 5.6 |
| 2022 | 1.4 |
| 2023 | 0.46 |
Last 10 Years’ Profit Growth:
| 10 Years: | — |
| 5 Years: | 261% |
| 3 Years: | 179% |
| Current Year: | 113% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | — |
| 5 Years: | 42% |
| 3 Years: | 57% |
| Last Year: | 96% |
Sales Growth Over 10 Years:
| 10 Years: | — |
| 5 Years: | 180% |
| 3 Years: | 295% |
| Current Year: | 82% |
Company’s Positive Signs:
- In the five years, the company has earned a good profit growth at 261% CAGR.
- The company has a positive ROI (ROE) history of 3 years ROE of 56.8 percent.
- The company’s debtor days have increased from 114 days to 63.8 days.
- The company is expected to deliver an excellent quarter.
Company’s Negative Signs:
- The company’s price of stock is 67.6 percent of the book value.
Conclusion
This article is a complete guide about Waaree Renewable Technologies Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
If you are new to our website and want to get all the latest updates related to the stock market, join us on Telegram Group.
If you have any further queries, please comment below. We will be happy to answer all your questions.
If you like this information, share the article with as many people as possible.
Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.
