Waaree Renewables Technologies Limited (WRTL), a Gujarat based solar giant operates under the Waaree Energies Limited, spearheading the Solar EPC sector. Waaree has successfully installed 10,000+ solar projects, with a total operating capacity of 600+ MW. The share of Waaree renewables technologies limited was trading at 1880 rupees per share locked in 5% upper circuit.
When Mark Mobius was asked about his views on traditional as well as renewable power companies, he said that,
“India needs more and more power and it is going to come from coal as well as from renewables. I know people would like to get away from coal because of the environmental problems, but at the end of the day you cannot get away from coal and that is not only true with India, it is true with countries like South Africa and other countries like that. Of course, everybody is getting into renewables and the prices of renewable screens for solar is going down, but at the end of the day it is just not enough to meet the incredible needs that India has.”
Opportunities and strength of Waaree Renewables Technologies limited:
- 32 Years of Industry Experience
- 12 GW Module Capacity & 5.4 GW Cell Capacity by FY24
- 6 GW+ Modules Supplied Globally
- TIER 1 Solar Module Manufacturer
- #1 Indian Module Manufacturer*
- Products Exported in 68+ Countries
- 1.5+ GW Projects Commissioned
- 10,000+ Projects in Pumps, Telecom & Rooftop
- Energy Storage Solutions
- 22% CAGR YOY Growth
- 7,000+ Employees Globally
- Authorised Sale points & Franchises 1,400+ in India
Waaree Renewables Technologies Limited has won multiple orders as following:
Engineering, Procurement and Construction (EPC) works of a solar power project
o 980 MWp Ground Mounted solar power project (Order won in Q4FY24)
o 450 MWp Ground Mounted solar power project (Order won in Q4FY24)
o 412 MWp Ground Mounted solar power project (Order won in Q4FY24)
o 4 MWp Ground Mounted solar power project (Order won in Q4FY24)
o 70 MWp Capacity Ground Mounted solar power project (Order won in Q3FY24)
o 4.27 MWp Capacity Rooftop solar power project (Order won in Q3FY24)
o 600 KWp Capacity Rooftop solar power project (Order won in Q2FY24)
o 78 MWp Capacity Ground Mounted solar power project (Order won in Q2FY24)
Green Hydrogen Project
o Won a contract to set up 1 MWp Green hydrogen Plant integrated with ecosystem on BOB basis
IPP contract details
o The company has developed 39.98 MWp solar power generating asset
All important numbers of Waaree Renewable Technologies Limited that you need to know
| CMP | 1880 |
| 52 Week High/Low | 3080/164 |
| Stock PE | 132 |
| ROE | 93.3% |
| ROCE | 103% |
| Debt to Equity ratio | 0.18 |
| Promoter holding/Pledged percentage | 74.46% / 0.0% |
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