Introduction:
This green energy stock holds a solid orderbook of ₹50,000 Cr, positioning it for sustained growth. Increasing demand for renewable energy is expected to drive future performance. The company focuses on scaling operations to capture market opportunities.
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Share price movement:
On March 07, Waaree Energies Ltd (BSE: WAAREEENER) opened at ₹2,206.00, reached a high of ₹2,282.00, and a low of ₹2,194.00. The stock closed at ₹2,227.25, up by 0.83%, with a market capitalisation of ₹63,985.15 crore.
Future guidance:
The company holds an order book of 26.5 GW, valued at approximately ₹50,000 crores. It is diversified, with 54% from overseas markets and 46% from India. The last quarter’s revenue mix was 79% from India and 21% from international markets.
Global solar capacity is expected to triple to 5.8 TW by 2030 from 2.1 TW. India’s solar capacity is projected to grow from 98 GW in 2024 to 280 GW by 2030. Falling costs of solar power and batteries are driving long-term growth beyond 2030.
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Performance update:
Revenue for Q3 FY25 grew 115% YoY to ₹3,545 crores, driven by strong performance. EBITDA increased 257% YoY to ₹810 crores, reflecting improved margins. PAT rose 260% YoY to ₹507 crores, highlighting solid profitability.
The company maintains lean operations to enhance profitability and efficiency. Reduced input costs for materials have improved margins. The focus remains on minimising losses and strengthening financial performance.
Project update:
The U.S. factory started commercial operations on January 22, 2025. Cell factory pilot production is underway, with full-scale production expected soon. 1.4 GW Mono PERC lines are in trial production, with 4 GW TOPCon lines set for April-May.
Management expects strong growth backed by a solid order pipeline. The focus remains on operational efficiency and factory utilisation. Profitability is expected to improve with higher capacity use.
Shareholding pattern of Waaree Energies Ltd:
| All values in % | Dec 2024 | Oct 2024 |
| Promoter | 64.3 | 64.3 |
| FII | 1.4 | 2.2 |
| DII | 2.7 | 3.0 |
| Public | 31.6 | 30.5 |
About Waaree Energies Ltd
Waaree Energies Ltd is a leading solar energy solutions provider specialising in manufacturing solar modules and EPC services. Known for its advanced technology and quality, the company focuses on expanding its capacity and strengthening its position in the renewable energy sector.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
