Waaree Energies Limited Unlisted Shares
About The Company
Strong
Market Position
Consistent
YoY Growth
Experienced
Management
Key Indicators
A snapshot of Waaree Energies Limited Unlisted Shares's financial health, valuation multiples and capital efficiency at a glance.
Pricing Trends
Financial Performance
| Indicators | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|
| Revenue | 11,632.7 | 6,860.4 | 2,950.9 | 1,993.4 | 2,021.3 | 1,612.7 | 1,357.3 |
| Expense | 9,823.2 | 5,916.2 | 2,748.3 | 1,867.9 | 1,903.9 | 1,453.0 | 1,230.5 |
| EBITDA | 1,809.5 | 944.2 | 202.5 | 125.4 | 117.4 | 159.7 | 126.8 |
| Other Cost | 75.4 | 267.0 | 80.0 | 62.3 | 59.4 | 129.5 | 85.4 |
| PBT | 1,734.1 | 677.2 | 122.5 | 63.2 | 58.0 | 30.2 | 41.4 |
| Tax Expense | 459.8 | 176.9 | 41.7 | 23.8 | 16.1 | 22.8 | 17.2 |
| PAT | 1,274.3 | 500.3 | 80.8 | 39.4 | 41.8 | 7.5 | 24.3 |
| Other Inc./Exp. | -0.6 | -0.8 | -4.0 | 1.0 | 2.7 | -2.3 | 0.0 |
| Net Income | 1,273.7 | 499.5 | 76.8 | 40.4 | 44.5 | 5.1 | 24.3 |
| Shares O/S | 26.30 | 22.10 | 19.70 | 19.70 | 19.70 | 19.70 | 19.70 |
| EPS (₹) | 48.10 | 21.80 | 4.10 | 2.00 | 2.10 | 0.40 | 1.20 |
| Rev. Growth % | 69.6% | 132.5% | 48.0% | -1.4% | 25.3% | 18.8% | — |
| EBITDA Mgn % | 15.6% | 13.8% | 6.9% | 6.3% | 5.8% | 9.9% | 9.3% |
| Net Mgn % | 10.9% | 7.3% | 2.6% | 2.0% | 2.2% | 0.3% | 1.8% |
| EPS Growth | 120.6% | 431.7% | 105.0% | -4.8% | 425.0% | -66.7% | — |
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About Waaree Energies Limited
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, solar rooftop solutions, and solar inverters. The company operates at 388 locations nationally and 20 countries internationally. As per the records shared by Waaree Energies Ltd, it commissioned 1+ GW of solar EPC projects and supplied 6+ GW of solar modules.
Waaree Energies Ltd is a sustainable energy solution provider that makes efficient electrical appliances and renewable energy products like solar panels. The company has been in the business for around 34 years now. More importantly, it has been quite successful in its business ventures. The company recently secured $112 million in the second round of equity funding led by Valuequest. This funding will be used to set up a new 6GW plant to help the company generate more solar panels annually. This will also increase Waaree Energies Ltd share price.
Waaree Energies is not currently listed on any stock exchange and provides unlisted shares for trading in the market. Waaree Energies Ltd share price keeps changing and depends on various factors like the company's financial performance, market conditions, etc. This page will give you insights about the company and its performance.
Business Model of Waaree Energies Ltd
The business model of Waaree Energies Limited comprises its various business segments, including Solar Products, Solar Services, Solar module manufacturing, and Solar EPC Services. Since various services included in the business model affect the company's operating revenue, it indirectly influences the change in Waaree Energies Ltd share price in the unlisted share market as well. Here are the details of each business segment of Waaree Energies Ltd:
Solar Module Manufacturing
Waaree Energies Ltd manufactures high-quality, cost-effective solar modules for rooftop, floating, utility-scale, and off-grid projects. It has a modern solar module manufacturing facility of 12 GW, making Waaree one of India's largest module manufacturers.
Solar Products
Waaree Energies Ltd also provides various solar products for various applications like heating, lighting, pumping, cooling, and more. Its solar products include solar heaters, lanterns, street lights, inverters, batteries, etc. Apart from this, the company is also known for providing customized solar products per the customer's specific needs.
Solar EPC Services
The company also provides solar EPC service for different sizes and complexity of projects. Waaree offers end-to-end solutions through its subsidiary, Waaree Renewable Technologies Ltd. Till now, the company has successfully installed over 10,000 solar projects with a total capacity of 600 MW at different locations in the country.
Solar Services
Waaree Energies also provides various solar services, an extensive part of its business model. Its services include the project development and management, operation and maintenance, asset management, and finance for the solar projects.
The company aims to make solar energy accessible and affordable to everyone. With a diversified business model, Waaree Energies establishes itself as the global leader in the renewable energy sector and contributes towards a greener future.
The company has been performing quite well in the industry and generating good revenue and profits. This is reflected in waaree energies unlisted share price.
How is Waaree Energies Share Price doing?
Waaree Energies Ltd share price increased almost 4X in last 1 year. In June 23, sare was trading around Rs 675 per share. By October 24, Waaree Energies Ltd share price is trading at Rs 2,835 per share.
This is a clear indication that Waaree Energies Ltd is a good company to invest in. Thus waaree energies has become one of the most actively traded stocks in the unlisted share market.
Financial Performance Of Waaree Energies Limited
The financial performance of Waaree Energies Limited has improved over the years. It managed a positive Compound Annual Growth Rate (CAGR) and recorded a total revenue of Rs 11,633 crore in FY24 as compared to Rs 6,860 crore in FY23. The company recorded a surge of Rs 4,772 crore in its total revenue during FY 23-24, which is almost 70% jump in 1 year.
As per the annual report Waaree Energies Ltd shared, its Profit After Tax (PAT) also increased from Rs 500 crore in FY22-23 to Rs 1274 crore during FY 22-24. Another financial metric in which Waaree recorded positive growth is the EBITDA, which almost doubled from Rs 944 crore in FY 23 to Rs 1809 crore in Fy24.
This financial growth is rightly reflected in the growing waaree energies unlisted share price.
What is the book value of Waaree Energies?
The book value per share of Waaree Energies is Rs 155.2 per share.
Valuation Of Company In The Unlisted Share Market
In the last fiscal year, Waaree Energies completed the private placement of its unlisted shares. The company issued around 4.4 crore shares at the face value of INR 225 per equity share. As of the consolidated data shared by Waaree Energies Ltd, its total valuation stood at approximately INR 5,400 crore. Talking about the funding history, Waaree Energies also secured funding of NIR 1,000 crore from Valvequest at a market capitalization of around INR 1,300 crore.
One of the main reasons to buy unlisted shares of Waaree Energies Ltd is because of its robust financial performance in the previous years. The company generated a revenue of ₹11,633 crore and an EBITDA of ₹944 crore. This has significantly increased Waaree Energies Ltd share price which is a very good sign for investors.
Check Waaree Energies Ltd Share Price At Stockify
Waaree Energies Ltd share price keeps changing and depends on various factors like the company's current financial performance and fluctuations in the market. The waaree energies unlisted share price today is Rs 2,835 per share. At Stockify, our team regularly updates the unlisted share prices based on fresh market data. We keep a close eye on the market conditions and record the change in price after analyzing the various metrics. On Stockify, you can easily check the updated Waaree Energies Limited share price and plan your investment with the assistance of our unlisted share brokers.
Is Waaree Energies Ltd listed?
Waaree Energy is now listed in the share market, since Oct 24. But unlisted share are still available at attractive prices in the unlisted share market.
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