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Share Was ₹2; Renewable Energy Share; 75000% Multibagger Return, Hit Upper Circuit

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Shares of waaree renewable technologies, a company related to the solar business, are making waves. 

Even in the sharply falling market, on Tuesday, shares of waaree renewable technologies reached Rs 1551.65 with an upper circuit of 5%. 

Shares of Waaree Renewable have increased from Rs 2 to Rs 1500 in the last 4 years. 

Shares of multi-bagger company waaree renewable technologies have given returns of more than 75000% to investors in the last 4 years. 

Its shares were worth Rs 2.06 on the 20th of March 2020. They have now risen to the amount of 1551.65.

The Company Has Distributed Shares

Waaree Renewable has done a stock split. The record date for the distribution of shares was March 15, 2024. 

The solar company has divided its Rs 10 face value shares into Rs 2 face value shares. waaree renewable technologies has also given a one-time gift of bonus shares to its investors. 

The company gave bonus shares at a ratio of 57:100 in July 2014. That is, waaree renewable technologies has given 57 shares to investors for every 100 shares.

Shares Jumped 971% In One Year

Shares of waaree renewable technologies have jumped 971% in the last year. The company’s shares were at Rs 144.82 on March 20, 2023. 

At the same time, shares of waaree renewable technologies have reached Rs 1551.65 on March 19, 2024. 

In the last 6 months, the shares of waaree renewable technologies have seen a rapid rise of 531%. 

In the last 6 months, shares of the solar company have increased from Rs 245.65 to Rs 1551.65. 

At the same time, so far this year, the shares of waaree renewable technologies have seen a rise of 253%. The 52-week high value of shares in the company is at 1641.

 In the same way, the 52-week low level of shares held by waaree renewable technologies is Rs 136.02.

About Waaree Renewables Technologies

Waaree Renewables Technology Limited (WRTL) is an affiliate part of Waaree Group. It is a leading company that manufactures renewable energy. 

It is engaged in the business of generation of power and providing consultancy services. It is headquartered in Mumbai, Maharashtra.

It offers sustainable partnerships and provides renewable energy solutions to industrial, institutional, and commercial sectors.  

It also improves profitability through the long-term renewable power supply. It generates maximum revenue from the EPC Contracts. 

Its projects include Ground Mounted, Rooftop Solar, and Floating Solar. Waaree Group has successfully installed 10000+ solar projects, with a total operating capacity of 600+ MW. 

Fundamental Analysis of Waaree Renewables Technologies Ltd

Market Cap₹ 16,160 Cr.
Current Price₹ 1,552
52-wk High₹ 1,641
52-wk Low₹144
Stock P/E152
Book Value₹ 10.8
Dividend0.01 %
ROCE83.8 %
ROE95.8 %
Face Value₹ 2.00
P/B Value143
OPM23.2 %
EPS₹ 10.2
Debt₹ 38.7 Cr.
Debt to Equity0.34

Waaree Renewables Technologies Ltd Shareholding Pattern

Promoters Holding
Dec 202274.51%
Mar 202374.51%
June 202374.51%
Sept 202374.48%
Dec 202374.46%
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FII Holding
Dec 20220.00%
Mar 20230.00%
June 20230.00%
Sept 20230.00%
Dec 20230.00%
Public Holding
Dec 202225.49%
Mar 202325.58%
June 202325.49%
Sept 202325.51%
Dec 202325.43%
DII Holding
Dec 20220.00%
Mar 20230.00%
June 20230.00%
Sept 20230.00%
Dec 20230.09%
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Waaree Renewables Technologies Share: Last 5 Years’ Financial Condition

To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 7 Cr
2020₹ 6 Cr
2021₹ 13 Cr
2022₹ 162 Cr
2023₹ 665 Cr

Last 5 Years’ Net Profit:

2019₹ -2 Cr
2020₹ -3 Cr
2021₹ -2 Cr
2022₹ 9 Cr
2023₹ 106 Cr

Last 5 Years’ Debt-To-Equity Ratio:

20193.96
20201.53
20215.6
20221.4
20230.46
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Last 10 Years’ Profit Growth:

10 Years:
5 Years:261%
3 Years:179%
Current Year:113%

Last 10 years’ Return on Equity (ROE):

10 Years:
5 Years:42%
3 Years:57%
Last Year:96%

Sales Growth Over 10 Years:

10 Years:
5 Years:180%
3 Years:295%
Current Year:82%

Company’s Positive Signs:

  • In the five years, the company has earned a good profit growth at 261% CAGR.
  • The company has a positive ROI (ROE) history of 3 years ROE of 56.8 percent.
  • The company’s debtor days have increased from 114 days to 63.8 days.
  • The company is expected to deliver an excellent quarter.

Company’s Negative Signs:

  • The company’s price of stock is 67.6 percent of the book value.

Conclusion

This article is a complete guide about Waaree Renewable Technologies Share.

These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses. 

Also, We have talked in detail about the share’s future prospects and growth potential.

Hopefully, these informations will help you in your further investment. 

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