Waaree Energies Limited Unlisted Shares

BUY AT INR 2050.0

3/5

Key Indicators

KEY INDICATORS
2023
FACE VALUE/SHARE
10.0
BOOK VALUE/SHARE
76.5
PRICE TO EARNING (PE)
98.6
PRICE/SALES
7.6
PRICE/BOOK
28.1
OUTSTANDING SHARES (Million)
243.4
MARKET CAP (Rs. Million)
523310.0
DEBT/EQUITY
3.0
DIVIDEND/SHARE
0.0
DIVIDEND % (ON CMP)
0.0%
RETURN ON TOTAL ASSETS
6.7%
RETURN ON EQUITY
26.8%
ROWC
13.8%

* 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.
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Pricing Trend

Financials

Revenue Growth %

EBDITA Margin %

EPS Growth %

Profit & Loss Summary

(All Amount in INR Millions)

PROFIT & LOSS
2023
2022
2021
2020
2019
2018
PROFIT & LOSS
2023
2022
2021
REVENUE
68604
29509
19934
20213
16127
13573
REVENUE
68604
29509
19934
EXPENSE
59162
27483
18679
19039
14530
12305
EXPENSE
59162
27483
18679
EBDITA
9442
2025
1254
1174
1597
1268
EBDITA
9442
2025
1254
OTHER COST
2670
800
623
594
1295
854
OTHER COST
2670
800
623
PBT
6772
1225
632
580
302
414
PBT
6772
1225
632
TAX EXPENSE
1769
417
238
161
228
172
TAX EXPENSE
1769
417
238
PAT
5003
808
394
418
75
243
PAT
5003
808
394
OTHER INCOME/EXP.
-8
-40
10
27
-23
0
OTHER INCOME/EXP.
-8
-40
10
INCOME (NET OF TAXES)
4995
768
404
445
51
243
INCOME (NET OF TAXES)
4995
768
404
OUTSTANDING SHARE
221
197
197
197
197
197
OUTSTANDING SHARE
221
197
197
EPS ( Rs/share)
21.8
4.1
2.0
2.1
0.4
1.2
EPS ( Rs/share)
21.8
4.1
2.0

Balance Sheet

(All Amount in INR Millions)

BALANCE SHEET
2023
2022
2021
2020
2019
2018
BALANCE SHEET
2023
2022
2021
CASH & CASH EQUIVALENT
2537
3664
1102
787
1195
285
CASH & CASH EQUIVALENT
2537
3664
1102
NON CURRENT ASSET
19678
8164
5106
3310
2047
7653
NON CURRENT ASSET
19678
8164
5106
CURRENT ASSET
52293
9773
6597
5285
4623
2859
CURRENT ASSET
52293
9773
6597
TOTAL ASSET
74507
21601
12805
9382
7866
10797
TOTAL ASSET
74507
21601
12805
EQUITY SHARE CAPITAL
2434
1971
1971
1971
1971
1971
EQUITY SHARE CAPITAL
2434
1971
1971
RESERVES
16184
2364
1882
1434
607
-213
RESERVES
16184
2364
1882
TOTAL EQUITY
18618
4336
3853
3405
2578
1758
TOTAL EQUITY
18618
4336
3853
NON CURRENT LIABILITY
6288
2848
2789
1278
854
5276
NON CURRENT LIABILITY
6288
2848
2789
CURRENT LIABILITY
49601
14418
6163
4700
4434
3763
CURRENT LIABILITY
49601
14418
6163
TOTAL LIABILITIES
55889
17265
8952
5977
5287
9039
TOTAL LIABILITIES
55889
17265
8952
TOTAL EQUITY & LIABILITY
74507
21601
12805
9382
7866
10797
TOTAL EQUITY & LIABILITY
74507
21601
12805

Cash Flow Summary

(All Amount in INR Millions)

CASH FLOW
2023
2022
2021
2020
2019
2018
CASH FLOW
2023
2022
2021
OPERATING ACTIVITY
15602
7003
679
320
297
1018
OPERATING ACTIVITY
15602
7003
679
INVESTING ACTIVITY
-22425
-6748
-2270
297
891
-1423
INVESTING ACTIVITY
-22425
-6748
-2270
FINANCING ACTIVITY
7912
1010
1380
-501
-1026
398
FINANCING ACTIVITY
7912
1010
1380
NET CASH FLOW
1089
1264
-211
115
162
-7
NET CASH FLOW
1089
1264
-211

Shareholders

Shareholders
Waaree Sustainable Finance Pvt Ltd
Pankaj Chimanlal Doshi
Bindiya Kirit Doshi
Nipa Viren Doshi
Binita Hitesh Doshi
Hitesh Chimanlal Doshi
Viren Chimanlal Doshi
Kirit Chimanlal Doshi
Hitesh Chimanlal Doshi HUF
All Others
%
23.7
10.1
8.1
6.7
6.6
5.8
4.5
4.2
2.0
28.3

Registered Address

Management

Hitesh Chimanlal Doshi
Chairman & MD
Hitesh Pranjivan Mehta
Chief Financial Officer
Richa Manoj Goyal
Company Secretary

Annual Reports

Quarterly Reports

NEWS

Energy World
Solar imports costing India jobs, warns Waaree Energies CMD Hitesh Doshi
Energetica
Waaree Group Showcases 715 Wp Module at REI Expo 2023
bloomberg.webp
Top Indian Solar Manufacturer Asks For Protection From China, Vietnam Imports
Moneycontrol
Waaree Group aims to raise Rs 2,000 crore through IPO: CMD Hitesh Doshi
manufacturing today
Waaree Energies to power ENGIE India’s 200 MW Gujarat solar project
manufacturing today
Waaree Energies wins top honors at 16th REI Expo Awards
Investing.com
Waaree Energies plans $300-350 million IPO amid robust growth and US import curbs
Business Standard
Waaree Energies partners with NTPC for 135 MW solar module supply
youtube
Solar Module Prices Crash To Record Lows; Waaree Energies IPO Plans
line
Waaree Energies supplies 850 MW Solar PV Modules to Acciona Energia in the US
Saur Energy
Waaree Energy - 6700 Cr Rev for FY23, Rev for FY24 can cross 12000 Cr.
Moneycontrol
Waaree Group aims to raise Rs 2,000 crore through IPO
The Economic Times
Waaree Energies files draft papers for Rs 3,000-crore IPO
Business Standard
Waaree Renewable Technologies bags solar project worth Rs 547 crore
Energy World
Waaree Energies to supply 280 MW solar modules to Mahindra Susten in clean energy push
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Latest Articles From The Experts

Waaree

Waaree Energies Raised Rs 1,000 Crore From Private Funding- Possible Business Expansion Plans of the Company

Waaree Energies is again in the news, raising
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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 total 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 its unlisted share price, Waaree Energies Ltd share price increased almost 3X this year. At the beginning of the year, Waaree Energies Ltd share price was ₹560 and now after 12 months, the share price in December 2023 is ₹1500. This is a clear indication that Waaree Energies Ltd is a good company to invest in.

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 68,604 crore in FY23 compared to Rs 2,9509 crore in FY22. The company recorded a surge of Rs 38,966 crore in its total revenue during FY 22-23.

 

As per the annual report Waaree Energies Ltd shared, its Profit After Tax (PAT) also increased from Rs 1,225 crore to Rs 6,772 crore during FY 22-23. Another financial metric in which Waaree recorded positive growth is the EBITDA, which also surged by 689 Basis Points in Percentage(bps).

 

Valuation Of Company In The Unlisted Share Market

In the last fiscal year, Waaree Energies successfully 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 ₹6750 crore and an EBITDA of ₹940 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. 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.

 

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FAQ ON WAAREE ENERGIES UNLISTED SHARES

Due to past performance and potential to grow, investment in Waaree Energies unlisted shares is a wise choice. At Stockify, you can easily buy and sell unlisted shares of Waaree Energies. You just need to connect with our expert share brokers, and they will help you throughout the process.
If you are wondering how to sell Waaree Energies shares online, just fill out basic details in the form and our experts will get back to you. Right from the initial deal to the final transfer of shares, our unlisted share brokers will help. Check out the list of the best unlisted shares in India or reach out to reputed unlisted share dealers online.
SEBI has recently reduced the lock-in period from 1 year to 6 months. There is a minimum lock-in period of 6 months from the date of purchase of unlisted shares. However, these shares can be freely transferable before listing in NSE/BSE. Connect with unlisted share experts at +91-80 4113 3935/+91-7353266646
In the recent, unlisted share market in India is spreading its wings and becoming quite big. Some highly recognized companies like Reliance, HDB finance and even the National Stock Exchange are trading unlisted stocks. At Stockify, we allow you to buy and sell any number of Waaree Energies unlisted shares as per your budget or needs. Customise your unlisted share trading experience.
Yes, this is 100% legal and safe to buy unlisted shares of Waaree Energies. However, this is applicable when you buy Waaree Energies unlisted shares from reliable and known unlisted share dealers. You can request a quote or trade online at Stockify, we are ready to assist you.
There is no difference between the tax of unlisted and listed shares. Short-term capital gain taxes are usually paid on the profit of shares held for one year or less. A rate of 15% will be charged as STCG tax and surcharges will be added based on the period of your holding. Buying unlisted shares in bulk? Talk to our experts to learn more.
Applicability of Taxes on Waaree Energies unlisted shares once it is listed?
The credit transfer process is also the same for both listed and unlisted stocks. Once the share is transferred it will be reflected in your depositary/Demat account NSDL/CDSL. You can also check it online by logging into the NSDL/CDSL account.
At Stockify, we have simplified the whole process of unlisted share trading. A basic KYC is required for investing in unlisted stocks. For KYC verification, you will need to show Adhar | PAN | Demat CML For NRI |PAN|DEMAT CML| NRO Bank statement. Want to know more about how to buy unlisted shares in India? Connect with expert share brokers today!
There are multiple factors such as Demand/Supply of shares, valuation of the companies & multiple other factors that affect the returns on any unlisted shares. For eg. Investment of 1 Lakh in CSK shares in 2019 is worth 20 lakhs today in 2022 (20x returns in just 3 year). The return on investment of unlisted shares also varies depending on the period of holding. Estimating a return on unlisted shares requires in-depth knowledge and understanding of the industry. So, you can connect with our unlisted share experts to get a greater share of profit.
Due to past performance and potential to grow, investment in Waaree Energies unlisted shares is a wise choice. At Stockify, you can easily buy and sell unlisted shares of Waaree Energies. You just need to connect with our expert share brokers, and they will help you throughout the process.
As per the fresh market data, Waaree Energies Ltd share price today is Rs 1120 per equity share.
The financial performance of Waaree Energies Ltd in the unlisted share market remained positive in the last few fiscal years. You should buy Waaree Energies Ltd unlisted shares for long-term benefits.
You can easily buy or sell unlisted shares of Waaree Energies Ltd with the help of Stockify. Here, you will get complete financial information about the company.
Buying unlisted shares is 100% legal in India with the help of trusted trading platforms like Stockify. For more info, connect with our experts today!
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