
Waaree Energies Limited Unlisted Shares
Industry: Manufacturing | Sector: Solar power energy | Depository: NSDL, CDSL
₹ 3,447.00
Key Indicators
| Key Indicators | 2024 |
|---|---|
| Current Share Price | 3,447.00 |
| Face Value | Share | 10.00 |
| Book Value | Share | 155.50 |
| Price To Earning (PE) | 62.30 |
| Price | Sales | 6.80 |
| Price | Book | 19.20 |
| Outstanding Shares (Crores) | 26.29 |
| Market Cap (Rs. Crores) | 78,672.83 |
| Debt | Equity | 1.70 |
| Dividend | Share | 0.00 |
| Dividend % (On Current Market Price) | 0.0% |
| Return on Total Assets | 11.3% |
| Return on Equity | 30.7% |
| Return on Working Capital | 18.9% |
* 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 & LOSS | 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 |
| Profit Before Taxes | 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 |
| Profit after Taxes | 1,274.3 | 500.3 | 80.8 | 39.4 | 41.8 | 7.5 | 24.3 |
| Other Income | Exp. | -0.6 | -0.8 | -4.0 | 1.0 | 2.7 | -2.3 | 0.0 |
| Income (Net Of Taxes) | 1,273.7 | 499.5 | 76.8 | 40.4 | 44.5 | 5.1 | 24.3 |
| Outstanding Share | 26.3 | 22.1 | 19.7 | 19.7 | 19.7 | 19.7 | 19.7 |
| Earning per Share (Rs | Share) | 48.1 | 21.8 | 4.1 | 2.0 | 2.1 | 0.4 | 1.2 |
| 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 Sheet | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalent | 121.4 | 253.7 | 366.4 | 110.2 | 78.7 | 119.5 | 28.5 |
| Non Current Asset | 3,300.6 | 1,967.8 | 816.4 | 510.6 | 331.0 | 204.7 | 765.3 |
| Current Asset | 7,891.7 | 5,229.3 | 977.3 | 659.7 | 528.5 | 462.3 | 285.9 |
| Total Asset | 11,313.7 | 7,450.7 | 2,160.1 | 1,280.5 | 938.2 | 786.6 | 1,079.7 |
| Equity Share Capital | 263.0 | 243.4 | 197.1 | 197.1 | 197.1 | 197.1 | 197.1 |
| Reserves | 3,885.5 | 1,618.4 | 236.4 | 188.2 | 143.4 | 60.7 | -21.3 |
| Total Equity | 4,148.5 | 1,861.8 | 433.6 | 385.3 | 340.5 | 257.8 | 175.8 |
| Non Current Liability | 1,742.1 | 628.8 | 284.8 | 278.9 | 127.8 | 85.4 | 527.6 |
| Current Liability | 5,423.1 | 4,960.1 | 1,441.8 | 616.3 | 470.0 | 443.4 | 376.3 |
| Total Liabilities | 7,165.2 | 5,588.9 | 1,726.5 | 895.2 | 597.7 | 528.7 | 903.9 |
| Total Equity & Liability | 11,313.7 | 7,450.7 | 2,160.1 | 1,280.5 | 938.2 | 786.6 | 1,079.7 |
Cash Flow Summary
(All Amount in ₹ Crores)
| CASH FLOW SUMMARY | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|
| Operating Activity | 2,305.0 | 1,560.2 | 700.3 | 67.9 | 32.0 | 29.7 | 101.8 |
| Investing Activity | -3,340.2 | -2,242.5 | -674.8 | -227.0 | 29.7 | 89.1 | -142.3 |
| Financing Activity | 909.2 | 791.2 | 101.0 | 138.0 | -50.1 | -102.6 | 39.8 |
| Net Cash Flow | -126.0 | 108.9 | 126.4 | -21.1 | 11.5 | 16.2 | -0.7 |
Share Holding
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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