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Waaree Energies Limited Unlisted Shares Logo

Waaree Energies Limited Unlisted Shares

Industry: Manufacturing | Sector: Solar power energy

Depository: NSDL, CDSL

3,447.00

now listed shares
DRHP: approved

Key Indicators

Key Indicators2024
Current Share Price3,447.00
Face Value | Share10.00
Book Value | Share155.50
Price To Earning (PE)62.30
Price | Sales6.80
Price | Book19.20
Outstanding Shares (Crores)26.29
Market Cap (Rs. Crores)78,672.83
Debt | Equity1.70
Dividend | Share0.00
Dividend % (On Current Market Price)0.0%
Return on Total Assets11.3%
Return on Equity30.7%
Return on Working Capital18.9%

* Ratio is calculated based on latest financial & current share price.

About The Company

Waaree Energies Limited (WEL), as per its credit rating report, is engaged in the manufacturing of solar PV modules. It also undertakes solar engineering, procurement, and construction (EPC) projects in India and overseas, and trades in solar products. Its manufacturing facilities are in Gujarat. It has 7 GW of solar module capacity and is setting up an additional 2 GW solar module and 5.4 GW solar cell capacities. The company was incorporated in 1990 and has its registered office located in Mumbai, Maharashtra.

Pricing Trend

Financial Summary

Revenue Growth %

EBITDA Margin %

NET Margin %

Profit & Loss Summary

(All Amount in ₹ Crores)

PROFIT & LOSS2024202320222021202020192018
Revenue11,632.76,860.42,950.91,993.42,021.31,612.71,357.3
Expense9,823.25,916.22,748.31,867.91,903.91,453.01,230.5
EBITDA1,809.5944.2202.5125.4117.4159.7126.8
Other Cost75.4267.080.062.359.4129.585.4
Profit Before Taxes1,734.1677.2122.563.258.030.241.4
Tax Expense459.8176.941.723.816.122.817.2
Profit after Taxes1,274.3500.380.839.441.87.524.3
Other Income | Exp.-0.6-0.8-4.01.02.7-2.30.0
Income (Net Of Taxes)1,273.7499.576.840.444.55.124.3
Outstanding Share26.322.119.719.719.719.719.7
Earning per Share (Rs | Share)48.121.84.12.02.10.41.2
Revenue Growth %69.6%132.5%48%-1.4%25.3%18.8%-
EBITDA Margin %15.6%13.8%6.9%6.3%5.8%9.9%9.3%
Net Margin %10.9%7.3%2.6%2%2.2%0.3%1.8%
Earning per Share Growth %120.6%431.7%105%-4.8%425%-66.7%-

Balance Sheet

(All Amount in ₹ Crores)

Balance Sheet2024202320222021202020192018
Cash & Cash Equivalent121.4253.7366.4110.278.7119.528.5
Non Current Asset3,300.61,967.8816.4510.6331.0204.7765.3
Current Asset7,891.75,229.3977.3659.7528.5462.3285.9
Total Asset11,313.77,450.72,160.11,280.5938.2786.61,079.7
Equity Share Capital263.0243.4197.1197.1197.1197.1197.1
Reserves3,885.51,618.4236.4188.2143.460.7-21.3
Total Equity4,148.51,861.8433.6385.3340.5257.8175.8
Non Current Liability1,742.1628.8284.8278.9127.885.4527.6
Current Liability5,423.14,960.11,441.8616.3470.0443.4376.3
Total Liabilities7,165.25,588.91,726.5895.2597.7528.7903.9
Total Equity & Liability11,313.77,450.72,160.11,280.5938.2786.61,079.7

Cash Flow Summary

(All Amount in ₹ Crores)

CASH FLOW SUMMARY2024202320222021202020192018
Operating Activity2,305.01,560.2700.367.932.029.7101.8
Investing Activity-3,340.2-2,242.5-674.8-227.029.789.1-142.3
Financing Activity909.2791.2101.0138.0-50.1-102.639.8
Net Cash Flow-126.0108.9126.4-21.111.516.2-0.7

Share Holding

SLTop Share Holders%
1Waaree Sustainable Finance Pvt Ltd23.7%
2Pankaj Chimanlal Doshi10.1%
3Bindiya Kirit Doshi8.1%
4Nipa Viren Doshi6.7%
5Binita Hitesh Doshi6.6%
6Hitesh Chimanlal Doshi5.8%
7Viren Chimanlal Doshi4.5%
8Kirit Chimanlal Doshi4.2%
9Hitesh Chimanlal Doshi HUF2.0%
10All Others28.3%
Total100.0%

Registered Address

ISIN: INE377N01017

PAN: AAACA4043J

602, Western Edge-I,Western Express Highway, Borivali East, Mumbai-400066

Management

Hitesh Chimanlal Doshi

chairman & md

Hitesh Pranjivan Mehta

chief financial officer

Richa Manoj Goyal

company secretary

Download Financial Result

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About Waaree Energies Limited Unlisted Shares

Founded in 1989, Waaree Energies Limited is the flagship company of Waaree Group, headquartered in Mumbai, Maharashtra. It is India's largest solar panel manufacturing company with a capacity of 12GW at its plants in Chikli, Surat, and Umbergaon in Gujarat. 

As the top solar panel business player, Waaree Energies provides EPC services, solar pumps, project development,...

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Contact Us

Bangalore: Registered Office: 26, 1st Floor, 16th Cross Road, 18th Main Road, Phase 5, JP Nagar Bangalore - 560078, Karnataka.

Mumbai: Unit No. 305, 3rd Floor, Adani Inspire BKC, Bandra Kurla Complex, Bandra East, Mumbai - 400051+91 90712 43155

Gurugram: 91 Springboards, 2.35, 2nd Floor, Augusta Point, Golf Course Road, Parsvnath Exotica, DLF phase 5, Sector 53 Gurugram - 122002+91 99109 78350

Kolkata: Abacus By PS Group, Near City Center 2,
Office No 715, Kolkata, W.B+91 33 4809 2800

Dubai: Executive Tower, Business Bay, Dubai,
United Arab Emirates+971 56 3344662+971 502344662

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