Waaree Energies Limited
Company Overview
Waaree Energies are the largest manufacturer of solar PV modules in India with the largest aggregate installed capacity of 12 GW, as of June 30, 2023 Waaree Energies commenced operations in 2007 focusing on solar PV module manufacturing with an aim to provide quality, cost-effective Sustainable energy solutions across markets, and aid in reducing carbon foot-print paving the way for sustainable energy thereby improving quality of life.
Waaree is also one of the largest retail players in India with a pan-India franchisee network focused on the rooftop and MSME business verticals.
Â
Over the years waaree has developed a track record of manufacturing quality and technologically advanced solar PV modules at their certified manufacturing facilities. They intend to follow an expansion strategy of executing regular capacity additions, as well as continuous up gradation of their manufacturing technology and processes driven by demand and with a focus on incorporating Mono PERC, large size silicon wafer technology as well as other new emerging technologies including TopCon.
| id | company_master_id | company | shareholder | sharesNo | shareHolding | dateOfUpdate |
|---|---|---|---|---|---|---|
| id | company_master_id | company | shareholder | sharesNo | shareHolding | dateOfUpdate |
Revenue Segment
Share Holding
Revenue & Margins
% Margins
Company Financials
| Profit and Loss Account (₹ in Crores) | 2021 | 2022 | 2023 |
|---|---|---|---|
| Revenue from Operations | 1953.04 | 2854.27 | 6750.87 |
| Other Income | 29.97 | 91.59 | 109.49 |
| Total Income | 1983.01 | 2945.85 | 6860.36 |
| Cost of Operations | 1654.56 | 2388.42 | 5316.34 |
| EBITDA | 125.63 | 202.54 | 944.14 |
| EBITDA % | 6.34 | 6.88 | 13.76 |
| EBIT | 92.66 | 159.27 | 780.01 |
| EBIT % | 4.67 | 5.41 | 11.37 |
| PBT | 61.73 | 118.39 | 697.74 |
| PBT % | 3.11 | 4.02 | 10.17 |
| TAX | 20.94 | 38.72 | 176.87 |
| NPAT | 40.79 | 79.67 | 520.87 |
| NPAT % | 2.06 | 2.7 | 7.59 |
| EPS (Basic) in ₹ | 2.36 | 3.84 | 21.82 |
| EPS (Diluted) in ₹ | 2.36 | 3.84 | 21.57 |
| Dividend Per Share (in ₹) | 0 | 0 | 0 |
Sources of funds
Application of funds
| Balance Sheet (₹ in Crores) | 2021 | 2022 | 2023 |
|---|---|---|---|
| Share Capital | 197.38 | 197.38 | 243.36 |
| Reserves | 195.6 | 242.71 | 1618.48 |
| Networth | 392.98 | 440.09 | 1861.84 |
| Long Term Borrowings | 275.88 | 299.91 | 628.83 |
| Short Term Borrowings | 171.33 | 876.15 | 662.65 |
| Current Liabilities | 624.52 | 1497.6 | 4929.24 |
| Non-Current Assets | 522.83 | 893.23 | 1936.98 |
| Current Assets | 770.33 | 1344.16 | 5482.94 |
| Total Assets | 1293.16 | 2237.39 | 7419.92 |
| Cash Bank Balance | 110.2 | 366.36 | 1989.31 |
| Trade Receivables | 118.24 | 92.52 | 312.61 |
| Trade Payables | 357.15 | 534.75 | 1 |
| Inventory | 368 | 538.16 | 2 |
| Cash Flow Statement (₹ in Crores) | 2021 | 2022 | 2023 |
|---|---|---|---|
| Cash flow from operating Activities | 71.68 | 700.85 | 1560.22 |
| Cash flow from Investing Activities | -250.22 | -674.85 | -2093.82 |
| Cash flow from Financing Activities | 157.33 | 98.51 | 642.47 |
| Net Cash-Flow | -21.21 | 124.51 | 108.87 |
KEL %
2020
2019
SHEELA %
2020
2019
| Price Multiples as on 2024-01-17 | |
|---|---|
| Face Value Per Share (in ₹) | |
| Price Per Share (in ₹) | 1650 |
| P/E | |
| P/B | |
| Dividend Yield | % |
| Price / Sales | |
| Market Cap (₹ in Crores) | |
Interesting Quote / Trivial Information about the company's unlisted shares
Source Name
Additional details
Peer Comparison
| Profit and Loss Account (₹ in Crores) | 2023 | 2022 | 2021 | |||
|---|---|---|---|---|---|---|
| WAAREE | WAAREE | WAAREE | ||||
| Revenue from Operations | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of Operations | 0 | 0 | 0 | 0 | 0 | 0 |
| EBITDA | 0 | 0 | 0 | 0 | 0 | 0 |
| EBITDA % | 0 | 0 | 0 | 0 | 0 | 0 |
| EBIT | 0 | 0 | 0 | 0 | 0 | 0 |
| EBIT % | 0 | 0 | 0 | 0 | 0 | 0 |
| PBT | 0 | 0 | 0 | 0 | 0 | 0 |
| PBT % | 0 | 0 | 0 | 0 | 0 | 0 |
| TAX | 0 | 0 | 0 | 0 | 0 | 0 |
| NPAT | 0 | 0 | 0 | 0 | 0 | 0 |
| NPAT % | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Basic) in ₹ | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) in ₹ | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Per Share (in ₹) | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet (₹ in Crores) | 2023 | 2022 | 2021 | |||
|---|---|---|---|---|---|---|
| WAAREE | WAAREE | WAAREE | ||||
| Share Capital | 0 | 0 | 0 | 0 | 0 | 0 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 |
| Networth | 0 | 0 | 0 | 0 | 0 | 0 |
| Long Term Borrowings | 0 | 0 | 0 | 0 | 0 | 0 |
| Short Term Borrowings | 0 | 0 | 0 | 0 | 0 | 0 |
| Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| Non-Current Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Current Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Bank Balance | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Receivables | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Payables | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow Statement (₹ in Crores) | 2023 | 2022 | 2021 | |||
|---|---|---|---|---|---|---|
| WAAREE | WAAREE | WAAREE | ||||
| Cash flow from operating Activities | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from Investing Activities | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from Financing Activities | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Cash-Flow | 0 | 0 | 0 | 0 | 0 | 0 |
| Price Multiples as on | WAAREE | |
|---|---|---|
| Face Value Per Share | ||
| Price | ||
| P/E | ||
| P/B | ||
| Dividend Yield | % | % |
| Price / Sales | ||
| Market Cap (₹ in Crores) |
| In the News |
|---|
| Company News Headline - Month DD,YYYY |
| Company News Headline - Month DD,YYYY |
| Company News Headline - Month DD,YYYY |