Waaree Renewables Technologies Ltd operates in the renewable energy sector, primarily involved in power generation from sustainable sources. Additionally, the company offers consultancy services in this field.
The company specializes in various aspects of solar photovoltaic (PV) energy, emphasizing solar pumps, solar parks, captive consumption, floating solar installations, and rooftop solar systems.
Its offerings encompass floating solar solutions, rooftop solar solutions, and engineering, procurement, and construction (EPC) solutions for ground-mounted solar projects.
🔹 Technicals:
▸ Basing after the extended up move ▸ There was a shakeout in late May-early June and the price rallied nearly 90% afterwards. ▸ The current PA seems to be a shakeout near the 20, 50 EMAs. ▸ Additionally, there is a demand zone at 1075-1160, which has acted as a support in the last 3 weeks.
🔸 Financials:
March 2023 ▸ Sales: 351 Cr ▸ Sales Growth: 116% ▸ Net Profit: 55 Cr ▸ Net Profit Growth: 511% ▸ Debt/Reserves ratio: 61% ▸ OPM: 24%
March 2022 ▸ Sales: 162 Cr ▸ Sales Growth: 1146% ▸ Net Profit: 9 Cr ▸ Net Profit Growth: 450% ▸ Debt/Reserves ratio: 466% ▸ OPM: 15%
March 2021 ▸ Sales: 13 Cr ▸ Sales Growth: 116% ▸ Net Profit: -2 Cr ▸ Net Profit Growth: -66% ▸ Debt/Reserves ratio: 11700% ▸ OPM: 54%
Disclaimer: I am NOT a SEBI Registered Analyst and the information provided here is NOT investment advice. This post is intended solely for educational purposes.
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