🗕️ Published on April 23, 2025
📌 Company Overview
Waaree Renewable Technologies Ltd is an emerging name in India’s solar industry, focusing on engineering, procurement, and construction (EPC) services as well as renewable power generation. Being part of the Waaree Group, the company plays a vital role in India’s shift toward sustainable energy.
- Sector: Renewable Energy (EPC & Solar Power)
- Listed On: NSE (WAAREERTL), BSE (534618)
- Base Location: Mumbai, India
💼 FY25 Financial Overview (Consolidated)
| Indicator | FY25 | FY24 | Change |
|---|---|---|---|
| Total Revenue | ₹1,61,255 lakh | ₹88,066 lakh | 📈 +83% |
| Net Income | ₹22,892 lakh | ₹14,522 lakh | 📈 +58% |
| EBITDA (Approx.) | ₹13,000+ lakh | ₹7,500 lakh | 📈 +73% |
| Earnings Per Share | ₹22.00 | ₹13.95 | 📈 +58% |
| Return on Equity | ~52.4% | – | ✅ Strong |
| Debt-to-Equity Ratio | ~0.19x | – | ✅ Low risk |
📉 Financial reports were audited without any qualifications or adverse remarks.
📊 Q4 FY25 Key Metrics
| Metric | Q4 FY25 | Q4 FY24 | YoY Growth |
|---|---|---|---|
| Total Revenue | ₹48,144 lakh | ₹27,536 lakh | 📈 +75% |
| Net Income | ₹9,377 lakh | ₹5,132 lakh | 📈 +83% |
| Operating Margin | ~27% (Est.) | ~27% | ✅ Consistent |
🔍 An exceptional expense of ₹401.88 lakh was recorded for a GST-related matter.
📈 Shareholder Structure
- Promoter Stake: ~74%
- Institutional Investors: Gaining traction with clean energy trends
- Employee Ownership Plan: Options issued to key personnel as part of talent strategy
🔎 Operational Updates
- ✅ Finance Head Change: Mr. Manmohan Sharma brings extensive energy finance expertise
- ✅ Board Strengthened: Mr. Sudhir Arya appointed as independent director
- ✅ Business Model Evolving: Gradual shift from pure EPC to owning renewable assets
- ✅ Corporate Simplification: Consolidation of group entities for synergy and focus
✅ Investment Positives
- 🌞 Robust growth in operations and profitability
- 📈 Prudent financial management and minimal debt
- 🌍 Strengthening recurring revenue from power generation assets
- 📈 Leadership with a proven track record
- 🔺 Positioned to benefit from India’s solar capacity expansion targets
⚠️ Potential Challenges
- 📊 High receivables could impact cash flow
- 💳 ₹1,513 lakh outgo linked to tax liability and interest
- ⚖️ Business environment tied closely to government regulations
📦 Conclusion
Waaree Renewable Technologies is establishing itself as a strong contender in the clean energy space, combining high growth with efficient capital use. As it transitions into asset ownership and scales its operations, it remains an attractive option for long-term investors interested in green infrastructure.
🏷️ Suggested Tags
waaree renewable, renewable energy india, solar power stocks, clean energy, green investments, epc services, solar growth india, stock fundamentals, Q4 FY25 results, NSE stocks, BSE stocks
📢 Disclaimer: This post is intended for informational purposes. Please consult a registered financial advisor before making any investment decisions.
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