Waaree Renewable Stock Price: Shares of Waaree Renewable Technologies Limited was locked in the upper segment of 5 percent on Friday, one day before the date that was recorded for the stock split. Shares of the company were traded at Rs 1,407.45.
The company announced its stock splits in the proportion of 1:15. The shares of the company that manufactures solar panels and had been trading at 1340.45 during the previous session, have risen by 5%, bringing it to the intraday peak of Rs 1407.45.
Condition Of Shares
The stock dropped to the 52-week low of Rs 124.79 on 16 March 2023 and then climbed to a 52-week high of 1641 rupees on March 12, 2024.
The stock has risen 1016% over the past year and has risen 221% in the current year.
The market capitalization of the company grew to 14,658 crores on BSE. The Waari Renewable’s Relative Strength Index (RSI) is 63.6.
This means that it is not being traded in overbought or oversold zones.
Waaree Renewables shares are trading less than the 5 days 10 20 days, 50 days 100 days, and 200-day averages.
Waaree Renewables stock’s one-year beta is 0.6 and indicates a low level of volatility during this time.
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.
Waaree Group has successfully installed more than ten thousand solar projects and has a total capacity of over 600 MW.
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 | ₹ 14,658 Cr. |
| Current Price | ₹ 1,407 |
| 52-wk High | ₹ 1,641 |
| 52-wk Low | ₹130 |
| Stock P/E | 138 |
| Book Value | ₹ 10.8 |
| Dividend | 0.01 % |
| ROCE | 83.8 % |
| ROE | 95.8 % |
| Face Value | ₹ 2.00 |
| P/B Value | 130 |
| OPM | 23.2 % |
| EPS | ₹ 10.2 |
| Debt | ₹ 38.7 Cr. |
| Debt to Equity | 0.34 |
Waaree Renewables Technologies 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.
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